WASHINGTON, June 09, 2022 (GLOBE NEWSWIRE) — Vantage Market Research’s recent analysis of the Global Concentrated Solar Power Market finds that increasing concerns over carbon emissions & exertions to decrease air pollution, stringent government regulations to reduce the carbon footprint, and potential benefits offered to enhance the adoption of alternative sources of energy are some factors that augment the growth of the Concentrated Solar Power Market in recent years.
The Global Concentrated Solar Power Market revenue is expected to reach a value USD 8.04 Billion in the year 2028.
The Global Market revenue stood at a value USD 4.71 Billion in the year 2021 and is expected to grow exhibiting a Compound Annual Growth Rate (CAGR) of 9.3% during the forecast period; states Vantage Market Research, in a report, titled “Concentrated Solar Power Market Size, Share & Trends Analysis Report by Technology (Solar Power Tower, Linear Concentrating Systems, Stirling Dish technology), by Type (Stand-alone Systems, With Storage), by Capacity (Less than 50 MW, 50 MW to 99 MW, 100 MW and above), by End user (Utilities, EOR, Others (process heating, etc.), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) – Global Industry Assessment (2016 – 2021) & Forecast (2022 – 2028)”.
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Market Dynamics:
Driver:
Growing Environmental Issues over Carbon Emission and Efforts to Reduce Air Pollution Drives the Market
There are growing carbon emissions in our surroundings. That’s one of the …….