Concentrating Solar Power Market 2020: key players, growth and demand drivers to 2025

According to the new market research report "Concentrating Solar Power Market by Technology (Power Towers, Concentrating Systems, Stirling Dish), Operation (Stand-alone, Storage), Capacity (Less than 50MW, 50-99MW, 100MW&Above), End-User (Utilities, EOR & Others) and Region - Global Forecast to 2025",published by MarketsandMarkets™, the Concentrating Solar Power Market size is expected to grow from an estimated USD 3.5 billion in 2020 to USD 7.6 billion by 2025, at a CAGR of 16.4%, during the forecast period. The market is set to witness growth due to the growing solar deployment because of support from the government and the growing use of CSP in mini-grid applications.

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The solar power tower market is expected to be the largest Concentrating Solar Power Market, by technology, in 2019.

The solar power tower segment is expected to be the largest segment of the Concentrating Solar Power Market, by technology, in 2019. The segment is expected to grow during the forecast period due to the higher temperatures that can allow higher efficiency of the steam cycle and decrease water consumption for cooling the condenser. The higher temperature uses thermal energy storage for achieving schedulable power generation. Thus, increasing adoption of solar power towers due to reduction in cost or allowing greater storage for the same price.

Browse in-depth TOC on "Concentrating Solar Power Market"

128 – Tables
39 – Figures  
192 – Pages

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The with storage segment is expected to hold the largest share of the Concentrating Solar Power Market, by operation type, during the forecast period.

The with storage segment is the fastest-growing market and is projected to dominate the market during the forecast period. The need to generate power even during nights and to provide continuous supply of electricity due to thermal energy storage is driving the operation segment of Concentrating Solar Power Market. This would ultimately create new revenue pockets for the Concentrating Solar Power Market during the forecast period.

Asia Pacific: Key market for concentrating solar power during the forecast period.

In this report, the Concentrating Solar Power Market has been analyzed with respect to 6 regions, namely, Asia Pacific, Europe, North America, South America, the Middle East and Africa. Asia Pacific is expected to be the largest Concentrating Solar Power Market, by region, during the forecast period. Countries such as China, India and Australia are the fastest-growing markets in the Asia Pacific region, owing to the increase in installations of CSP plants. China is projected to grow at the highest CAGR from 2020 to 2025. This is mainly due to the increasing investment in CSP for stabilizing power grid is driving this country. In addition, the region focuses on the need to generate continuous renewable electricity to support growing economic activities will drive the Concentrating Solar Power Market in Asia Pacific region.

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To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the key players in the Concentrating Solar Power Market such as Abengoa (Spain), BrightSource Energy (US), ACWA Power (Saudi Arabia), Aalborg CSP (Denmark), and SolarReserve (US) and other players such as TSK Flagsol Engineering GmbH (Germany), Alsolen (Morocco), Cobra Energia (Spain), Torresol Energy (Spain), Acciona Energy (Spain), eSolar (US), and Enel Green Power (Italy).

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About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Low Voltage DC Circuit Breaker Market Analysis Of Opportunities Offered By High Growth Economies

The report "Low Voltage DC Circuit Breaker Market by End User (Battery Systems, Transportation, and Others), Application (Industrial, Commercial, and Others), Type (Air Circuit Breaker, Molded Case Circuit Breaker, and Others) and Region - Global Forecast to 2024", is projected to reach USD 1.5 billion by 2024 from an estimated USD 1.2 billion in 2019, at a CAGR of 5.68%. This growth can be attributed to factors such as continued growth of construction and development of infrastructure to support electric vehicles and other electric modes of transport, increasing access to electricity in developing countries by means of solar integration and increasing rate of industrialization & urbanization. However, risks associated with device malfunction and lack of existing government policies specific to low voltage DC circuit breakers are hindering the growth of the low voltage DC circuit breaker market.

Browse 60 market data Tables and 38 Figures spread through 166 Pages and in-depth TOC on "Low Voltage DC Circuit Breaker Market - Global Forecast to 2024"

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The others segment is expected to hold the largest share of the low voltage DC circuit breaker market, by application, during the forecast period.

The others segment, by application, is estimated to be the largest and the fastest growing segment during the forecast period, as the reliance on electronic equipment in the residential sector is increasing at a very fast pace that requires low voltage Direct Current (DC) for their operation. Also, with most of the existing electrical infrastructure expected to undergo a massive revamp in the near future the circuit breaker installations are expected to go up ultimately boosting the low voltage DC circuit breaker market during the forecast period.

The battery systems segment is expected to be the fastest growing segment of the low voltage DC circuit breaker market, by end user, during the forecast period.

The battery systems segment is expected to hold the largest market share during the forecast period. It is also the fastest growing segment during the same period because of large investments in the renewable and energy storage systems. This is happening because of the ever-increasing demand for electricity from the consumer end perhaps requiring increased generation from renewable energy sources so as to keep the emissions of greenhouse gases under guided limits. Increasing focus on renewable and storage systems is the prime factor that is expected to drive the market during the forecast period.

The molded case circuit breaker segment is expected to be the fastest growing segment of the low voltage DC circuit breaker market, by type, during the forecast period.

Molded case circuit breaker (MCCB) has more market share than Air Circuit Breaker (ACB), Miniature Circuit Breaker (MCB) and Residual Current Circuit Breaker (RCCB). Molded Case Circuit Breaker (MCCB) use a simple and robust construction making them more reliable and cost effective. The market share for MCCB is expected to rise with a healthy pace during the forecast period and is projected to hold the largest share in the year 2024.

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Asia Pacific: The leading market for low voltage DC circuit breakers.

The Asia Pacific region is expected to be the largest market for low voltage DC circuit breakers, by 2024. Countries such as China, India, japan, and South Korea are among the major countries which are hubs for utilizing low voltage DC circuit breakers because of growing energy demand along with increasing dependence on renewable energy generation like solar industry. Over the past few years, this region has witnessed rapid economic development and growth as well as revamping of the transmission and distribution sectors in this region resulting in an increase in the low voltage DC circuit breaker market.

The renewable power generation is not as stable as the conventional power generation. Hence, equipment like low voltage DC circuit breakers are installed with them, connecting the power generating stations to switchyards and the electrical grid. Growth in the renewable power generation is expected to be a long-term driving force for the low voltage DC circuit breaker market. Subsequent stable grid development programs, microgrid, energy storage, and EV charging infrastructure is further expected to propel the growth of the market in the region.

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the low voltage DC circuit breaker market. Some of the key players are ABB (Switzerland), Eaton (US), SIEMENS AG (Germany), Schneider Electric (France), Larsen and Toubro, and Hitachi (Japan). The leading players are adopting various strategies to increase their shares in the low voltage DC circuit breaker market.

Don’t miss out on business opportunities in Low Voltage DC Circuit Breaker Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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MarketsandMarkets™ INC.
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Combined Heat & Power Market Segmentation, Application, Technology, Analysis Research Report and Forecast to 2023

The report "Combined Heat & Power Market by Capacity (>10 MW, 10-150 MW, 151-300 MW, >300 MW), Prime Mover (Gas & Steam Turbine, Reciprocating Engine, Fuel Cell), End-User (District Energy, Residential, On-Site Industrial & Commercial) - Global Forecast to 2023", The global CHP market is estimated to reach USD 20.69 Billion in 2018 and is projected to reach USD 27.01 Billion by 2023, at a CAGR of 5.48%, during the forecast period. The market is set to grow due to the increasing demand for energy efficiency and government incentives and programs to promote CHP.

                                                                      

Browse 83 market data Tables and 36 Figures spread through 143 Pages and in-depth TOC on "Combined Heat & Power Market - Global Forecast to 2023"

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The Above 300 MW segment is expected to hold the largest share of the combined heat & power market, by capacity, during the forecast period.

The Above 300 MW segment consists of large coal, nuclear, or natural gas fired power plants, with gas turbines and steam turbines as the prime movers. The segment caters mainly to the utilities, district heating & cooling end-users. The segment is expected to be driven by the rising adoption of natural gas fired power generation in the Asia Pacific region, particularly in China and South Korea. The phasing out of coal-based power generation has given rise to large-scale natural gas-fired cogeneration plants. The rapid demand for heat and steam in industries and requirement of municipal district heating & cooling is driving the growth in this segment. The shale gas boom in North America is another driving factor for growth in this segment, with utility-scale natural gas fired power plants being set up in the region.

The utilities, district heating & cooling segment is expected to dominate the combined heat & power market, by end-user, in 2018.

 

The utilities, district heating & cooling segment refers to the supply of thermal energy generated at a central facility for applications such as space heating or water heating, steam provision throughout a city or district, and industrial complex or for cooling through trigeneration to provide chilled water. Utilities can use CHP systems to monetize heat generated as a by-product of electricity generation, combined with the savings from high operational efficiency of these systems to up to as much as 80% as compared with just 30% for non-CHP setup. The market for utilities, district heating & cooling segment will be driven by increasing energy efficiency regulations and compliance needs for utilities, the need to reduce carbon emissions and the cost savings offered by CHP systems, especially in regions of Europe and Asia Pacific.

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Asia Pacific: Expected to be the leading market for CHP during the forecast period.

The Combined Heat & Power Market has been analyzed with respect to 6 regions, namely, North America, Europe, Asia Pacific, South America, the Middle East, and Africa. The market in Asia Pacific is expected to lead the Combined Heat & Power market, by region. The increase in natural gas in the energy mix and need for energy efficiency in countries such as China, South Korea, and India is driving the market for Combined Heat & Power in the region. Rise in distributed power generation and emerging technologies such as fuel cell based micro-CHP has opened new opportunities for growth in the region.

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the Combined Heat & Power market. These include GE (US), Siemens (Germany), 2G Energy (Germany), Wärtsilä (Finland), Mitsubishi Hitachi Power System (Japan), FuelCell Energy (US), and Clarke Energy (UK). The leading players are trying to understand the markets in developing economies and are adopting various strategies to increase their market shares.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com