Parabolic trough concentrated solar power (CSP) market to Grow by USD 786.47 million from 2022 to 2027

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31 Aug, 2023, 00:15 ET

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NEW YORK, Aug. 31, 2023 /PRNewswire/ -- Technavio categorizes the parabolic trough concentrated solar power market size is estimated to grow at a CAGR of 2.74% between 2022 and 2027. One of the key factors driving the parabolic trough CSP market growth is the rise in investments in renewable energy. Governments encourage the use of renewable energy sources by providing grants, incentives, and FIT prices, since renewable sources such as solar, hydro, and wind are intermittent in nature, making them less than ideal for stand-alone electrical systems. Hence, these factors are expected to drive the growth of the Concentrated Parabolic Solar (CSP) market during the forecast period. Discover some insights on market size historic period (2017 to 2021) and Forecast (2023 to 2027) before buying the full report -Request a sample report

Parabolic trough CSP market – Company AnalysisCompany Landscape - The global parabolic trough CSP market is fragmented, with the presence of several global as well as regional companies. A few prominent companies that offer parabolic trough CSP in the market are Abengoa SA, Absolicon Solar Collector AB, AGC Inc., ALANOD GmbH and Co. KG, Atlantica Sustainable Infrastructure plc, Carl Zeiss Stiftung, Changzhou Longteng Photothermal Technology Co. Ltd., Greenville Energy and Research Inc., Grupo Ibereolica Renovables, HELIOVIS AG, Industrial Fabricators, Jetstream Energy Technologies Inc., Lanzhou Dacheng Technology Co. Ltd., Masdar, Parvolen CSP Technologies, SENER GRUPO DE INGENIERIA SA, Solabolic Gmbh, Solar Dynamics LLC, Solarlite CSP Technology GmbH, and SOLTIGUA SRL and others.The global parabolic trough CSP market is at its growing stage.

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Parabolic Trough CSP Market - Segmentation AssessmentSegment OverviewTechnavio has segmented the market based on by capacity (less than or equal to 50 MW and more than 50 MW), type (U-shape and V-shape), and geography (Europe, North America, APAC, Middle East and Africa, and South America).

Geography OverviewBy geography, the global parabolic trough CSP market is segmented into Europe, North America, APAC, Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global parabolic trough CSP market.

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Parabolic Trough CSP Market – Market Dynamics

Driver, Trend & Challenges are the factor of market dynamics that states about consequences & sustainability of businesses, find some insights from a sample report!

What are the key data covered in this Parabolic Trough CSP Market report?

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Parabolic Trough CSP Market Scope

Report Coverage

Details

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 2.74%

Market growth 2023-2027

USD 786.47 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

2.37

Regional analysis

Europe, North America, APAC, Middle East and Africa, and South America

Performing market contribution

Europe at 38%

Key countries

US, China, Spain, Germany, and France

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Abengoa SA, Absolicon Solar Collector AB, AGC Inc., ALANOD GmbH and Co. KG, Atlantica Sustainable Infrastructure plc, Carl Zeiss Stiftung, Changzhou Longteng Photothermal Technology Co. Ltd., Greenville Energy and Research Inc., Grupo Ibereolica Renovables, HELIOVIS AG, Industrial Fabricators, Jetstream Energy Technologies Inc., Lanzhou Dacheng Technology Co. Ltd., Masdar, Parvolen CSP Technologies, SENER GRUPO DE INGENIERIA SA, Solabolic Gmbh, Solar Dynamics LLC, Solarlite CSP Technology GmbH, and SOLTIGUA SRL

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Capacity

7 Market Segmentation by Type

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Company Landscape

12 Company Analysis

13 Appendix

About USTechnavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]Website: www.technavio.com

SOURCE Technavio