(EMAILWIRE.COM, June 10, 2023 ) As per Maximize Market research, the Solar Concentrator Market was USD 22.28 Bn in 2022 and is expected to grow at a CAGR of 14.3 percent over the forecast period to reach USD 56.79 Bn by 2029.

Solar Concentrator Market Report Scope and Research Methodology

The bottom-up approach was used to estimate the Solar Concentrator market size. SWOT is used to identify the threats and weaknesses of the market while PESTLE is used to employ the competitive intensity of the Solar Concentrator Market. The report provides a complete analysis of region-wise and segment-wise analysis of the Solar Concentrator market share.

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Solar Concentrator Market Dynamics

Solar Concentrator Market is primarily driven by the rise in the number of utility-scale projects as an alternative to sources of traditional energy production, the increase in the demand for energy in the residential, commercial and industrial sectors and the increase in the integration of low-carbon power generation technologies.

Solar Concentrator Market Regional Insights

Asia Pacific is expected to grow the market with the highest CAGR of 16.8 percent during the forecast period. The rise in energy prices, increasing demand for energy of the large population and the presence of leading market players are the influencing factors for the regional market growth.

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Solar Concentrator Market Segmentation

By Type
Cylindrical Parabolic (2D Hubs)
Paraboloid Revolution (3D Hubs)
Others

By Technology
Solar Power Towers
Linear Concentrating Systems
Dish Sterling Technology

By End Use
Residential
Commercial
Industrial

By Application
Electricity Generation
Heating Fluids
Others

Solar Concentrator Market Key Competitors include:

BrightSource
Siemens AG
Solar Reserve
Abors Green GmbH
Trivelli Energia
Acciona SA
Torresol Energy
Clique Solar
Abengoa Solar GmbH
ACWA Power
Parvolen CSP Technologies
Sener
Rioglass
INITEC Energia
Aalborg CSP
Luminescent
Reliance

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Maximize Market Research is leading Energy & Power research firm, has also published the following reports:

Solar Panel Market- The market size is expected to reach USD 256.44 Bn by 2029 at a CAGR of 7.3 percent during the forecast period.

Solar Charging Station Market- The Market size is expected to reach USD 323.42 Mn by 2029 at a CAGR of 6.8 percent during the forecast period.

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Maximize Market Research provides B2B and B2C research on 6,500 high-growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Défense and other manufacturing sectors.