Concentrated Solar Power Market: Growing Awareness About Environmental Concerns Drives the Market by 2014 - 2020

Published By: Syndicate Market Research

Concentrated Solar Power Market: Growing
awareness about environmental concerns
drives the market by 2014 - 2020

Joel John
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Concentrated Solar Power Market

Concentrated solar power (CSP) is also called as concentrated solar thermal. Solar energy can
be used to create electricity in two separate ways. First is solar concentrators and the second is
photovoltaic systems. Concentrated solar power is a technology that generates electricity by
concentrating solar energy in a main point. It is use to focus sunlight. Concentrated solar
power plant generates electric power uses mirrors to concentrate the large area of sunlight onto
a small area and also focus the sun's energy. CSP can also provide combined power and heat,
particularly in desalinization plants. Concentrated solar power technologies subsist in five
general types, such as parabolic trough, enclosed trough, concentrating linear Fresnel reflector,
dish Stirlings and solar power tower.
Concentrated solar power market is mainly driven by various benefits offered over conventional
source of power. Use of CAP can result into significant reduction in greenhouse gas emissions,
durability and cost-effectiveness. The major driving factor for the global concentrated solar
power market is growing awareness about environmental concerns. Rising prices of conventional
energy is also expected to fuel the growth of this industry. Government initiatives and funding
has provided strong boost to the growth of concentrated solar power market across the world.

Concentrated Solar Power Market
However, high cost of electricity generation is expected to hamper growth of concentrated solar
power market.
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