Transparency Market
Research
Concentrated Solar Power Market for product segment Global Industry Analysis, Size, Share, Growth, Trends and
Forecast, 2012 - 2020
Published Date
2014-07-31
90 Page Report
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Press Release
Global Concentrated Solar Power (CSP) Market is Expected to
Reach USD 8,674.7 million in 2020
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Concentrated Solar Power Market
REPORT DESCRIPTION
According to a new market report published by Transparency Market Research “Concentrated Solar Power
Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2020,” global
concentrated solar power market was valued at USD 2,507.4 million in 2013 and is expected to reach
8,674.7 million in 2020, growing at a CAGR of 19.4% from 2014 to 2020.
Browse the full Concentrated Solar Power Market report at
http://www.transparencymarketresearch.com/concentrated-solar-power-market.html
Growing concerns towards declining fossil fuel reserves, rising demand of power in industrial, commercial
and residential sector is expected to bolster CSP market growth. Furthermore, rising concerns over
greenhouse gases emissions and increasing prices of power generation from fossil fuels are expected to
enhance the overall market growth. Rising awareness in several countries to reduce carbon emissions and
the urge to find an alternate solution of clean and sustainable source is likely to bolster the overall
demand. Key challenges faced by the market participants include immature technology and high cost of
power generation which are expected to curb market growth. However, research and development is
hopeful to overcome the challenge.
Growing popularity of CSP technology in power generation is likely to bolster the overall demand over the
forecast period....