Market Size of Parabolic Trough CSP Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 2.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Parabolic Trough CSP Market Analysis
The global parabolic trough concentrated solar power (CSP) market is expected to grow at a CAGR of more than 2% during the forecast period of 2020-2025. Factors such as increasing adoption of renewable and decreasing cost of parabolic trough CSP components are likely to drive the parabolic trough CSP market in the forecast period. However, other renewable energy sources such as wind and hydroelectricity are likely to have a negative impact on parabolic trough CSP market in the forecast period.
- Increasing installed capacity of solar photo-voltaic (PV) cells are expected to restrain the parabolic trough CSP market in the forecast period.
- Countries such as the United Kingdom, France and the United States are shifting towards renewable energy and have planned to reduce emission of greenhouse gases by 2030. This is likely to create opportunity for parabolic trough CSP market in the future.
- Europe has dominated the market in the past, but Asia-Pacific is going to be the fastest-growing market in the forecast period, and significant demand is likely to be from Asia-pacific.
