Concentrated solar power market size to reach $8.92B by 2025

Written By: Katherine Demetre
September 22, 2017

solar power system solar energy market solar sector solar-power solar modules GCL solar projects solar plant solar power market

The global concentrated solar power market is predicted to reach USD 8.92 billion by 2025, according to a new report by Grand View Research.

According to the report, increased awareness of renewable energy, along with government regulations, further propelled the market growth. The report continued, by stating that favorable government regulations towards carbon footprint reduction and greenhouse gas emissions could also further enhance the business growth.

Lastly, the report revealed that the growing electricity demand, along with rising investments to augment the efficiency index, would help the concentrated solar power market grow as well.