Concentrated Solar Power Market Size Report, 2021-2029
Concentrating Solar Power Market Concentrating Solar Power Market was valued at USD 5.8 billion in 2021 and is estimated to reach USD 27.0 billion in 2029, and the market is projected to grow at a whopping CAGR 21.2%. The factors driving the growth of Concentrating Solar Power Market includes growing emphasis on utilizing renewable source of energy, strict regulations imposed by Governments to reduce carbon emissions and Government’s initiative to promote the use of clean energy sources. According to the report published by Statista, the Global Renewable energy Market was calculated around USD 613.77 billion in 2020 and is expected to reach USD 1.1 trillion by the end of 2027, which will accelerate the Global Concentrated Solar Power Market in the approaching years. Moreover, rise in the consumption of electricity around the world, technological advancements in the solar panel and increasing use of concentrating solar power in the desalination and enhanced oil recovery processes...