Concentrated Solar Power Market Trends and Forecast 2014 - 2020

According to a recent market research report published by Transparency Market Research, the global concentrated solar power market is estimated to expand robustly at a CAGR of 19.4% in terms of value, during the period between 2014 and 2020. The report, titled “Concentrated Solar Power Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,” projects the global concentrated solar power market to be worth US$8.67 bn by 2020. The overall market was valued at US$2.51 bn in 2013. In terms of volume, the market is anticipated to expand at a CAGR of 20.3% during the forecast period. The report points out that the rising awareness about global warming, coupled with increasing greenhouse gas emissions, is fuelling demand from the concentrated solar power market. Rising prices of conventional energy and concerns over future energy supply will drive the growth of the global concentrated solar power market. Government support and incentives are expected to further boost the market growth during the forecast period.

Concentrated Solar Power Market Trends and Forecast 2014 - 2020

Document download has been disabled by author

Please visit desktop version of this document