Market research Future Concentrating Solar Power Market Growth Rate, Size | Page 4

Concentrating Solar Power Research Report- Forecast to 2022
3 Market Research Analysis -
Europe is expected to lead the concentrating solar power market in terms new projects, number of
installation security of supply with an objective to reduce greenhouse gas emission. Moreover,
government initiatives towards grid scale renewable power generation act as a primary driver for the
growth of market in the Europe.
Whereas, Asia Pacific region will grow at good pace during the forecast period because major
installations taking place in countries such as China and India. As well as construction of Asia’s largest
concentrated solar power plant in the forecasted period pushing the market in this region.
Geographically, Europe dominates the global Concentrating Solar Power market due to development for
R&D projects with an aim to drive down the cost of solar energy as well as technological development in
order to bring innovative ideas to the market more quickly. Supporting. Moreover, government also helps
by investing more in solar power systems. It is estimated to rise in demand due to growth in demand for
inverter.
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