{"id":127583,"date":"2024-01-17T13:18:43","date_gmt":"2024-01-17T18:18:43","guid":{"rendered":"https:\/\/v2fr5er78d.funnewsdaily.com\/books\/concentrated-solar-power-market-to-reach-28-2-billion-globally-by-2032-at-16-6-cagr-allied-market-research\/"},"modified":"2024-01-17T13:18:43","modified_gmt":"2024-01-17T18:18:43","slug":"concentrated-solar-power-market-to-reach-28-2-billion-globally-by-2032-at-16-6-cagr-allied-market-research","status":"publish","type":"post","link":"https:\/\/v2fr5er78d.funnewsdaily.com\/books\/concentrated-solar-power-market-to-reach-28-2-billion-globally-by-2032-at-16-6-cagr-allied-market-research\/","title":{"rendered":"Concentrated Solar Power Market to Reach $28.2 billion, Globally, by 2032 at 16.6% CAGR: Allied Market Research"},"content":{"rendered":"
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Wilmington, DE, Jan. 12, 2024 (GLOBE NEWSWIRE) — Allied Market Research published a report, titled, \u201cConcentrated Solar Power Market<\/u><\/a> by Technology (Parabolic Trough, Solar Power Tower, Fresnel Reflectors, and Dish Stirling) and\u00a0End-use Industry (Residential, Commercial, and Industrial): Global Opportunity Analysis and Industry Forecast, 2023-2032\u201d.<\/b>\u00a0According to the report, the global concentrated solar power market was valued at $6.1 billion in 2022, and is projected to reach $28.2 billion by 2032, registering a CAGR of 16.6% from 2023 to 2032.\u00a0<\/p>\n Download PDF Brochure: <\/b>https:\/\/www.alliedmarketresearch.com\/request-sample\/3093<\/u><\/a><\/p>\n Prime determinants of growth<\/b><\/p>\n The global concentrated solar power market is experiencing growth due to several factors such as surge in demand for renewable energy, rise in environmental concerns, and favorable government incentives, subsidies, and policies. However, the high initial costs of concentrated solar power hinder the market growth to some extent. Moreover, the advancements in technologies such as hybridization and system integration offer several benefits that amplify its efficiency, reliability, and overall contribution to the energy landscape. This helps to reduce dependency on non-renewable resources and offers remunerative opportunities for the expansion of the concentrated solar power market.\u00a0\u00a0<\/p>\n Report coverage & details:\u00a0<\/b><\/p>\n