Concentrated solar power Market uses mirrors or lenses to concentrate sunlight onto a receiver, generating heat to drive a steam turbine. The unique advantage of CSP is its ability to store thermal energy cheaply in molten salt, allowing for electricity generation even after sunset. The market is currently focused on hybrid plants that combine CSP with PV to provide low-cost power during the day and stored solar energy at night. While more capital-intensive than PV, CSP is gaining traction in desert regions (like MENA, China, and Chile) as a source of clean baseload power. Innovations in modular 'power tower' designs and high-temperature receivers are key to reducing costs and improving efficiency.More Trending Reports on Energy & Power by Market Research Future
Rotating Equipment Market Analysis
Renewable Diesel Market Analysis
Fuel Cell Stack Market Analysis
Biomass Boiler Market Analysis