Energy in February 2017 announced to offer equipment for the first commercial integrated solar-wind hybrid power generation project in the industry . It is the 4.6MW community based project in Red Lake Falls , Minnesota , developed by Juhl Energy which uses two 2.3-116 wind turbines from GE Renewable Energy ’ s portfolio . Other players are similarly involved in innovations for their strategic growth .
Market Segmentation :
Based on the components , the market is segmented as , solar field , power block and thermal energy storage system . Solar field block includes the reflector surfaces and pipes that collect sunlight . The power block consists of heating system and pipe through which the fluid is passed , whereas the energy storage system stores the generated energy for the future application . The solar field segment is projected to be the largest market ; due to the major presence of large number of complex and costly subcomponents included within the segment . The global concentrated solar power market , based on end users are bifurcated as , residential , commercial & utilities and industrial . The commercial & utilities segment is anticipated to account to the largest market share , owing to the favorable government regulations towards increasing the adoption of renewable sources of energy and rising number of medium to large scale projects , which are under advancement and in pipeline globally
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Region Analysis :
Geographically , the concentrated solar power market is bifurcated into North America , Europe , Asia Pacific , Middle East and Africa and Latin America . North America region is anticipated to dominate the market , in terms of revenue . However , Asia Pacific region is expected to be the fastest growing market , owing to the rising demands of electricity supply due to increasing population during the forecast period . Moreover , Middle East and African region is also anticipated to grow substantially , owing to governments ’ intervention in solar powered projects .
Major Points from Table of content :
• Executive Summary
• Research Methodology
• Market Dynamics
• Industry Overview
• Global Concentrated Solar Power Market , By Product ( 2017-2025 )
• Global Concentrated Solar Power Market , By Regions ( 2017-2025 )
• Market Competition Analysis
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