Concentrated Solar Power Market in Middle East & Africa 2021 Regional Growth Drivers, Opportunities and Forecast 2027

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Middle East Africa Concentrated Solar Power
Market Size 2021 - Industry Analysis Report 2027
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MEA Concentrated Solar Power (CSP) Market size is
expected to grow significantly from 2021 to 2027,
according to a latest forecast report by
Graphical Research. Middle East Africa CSP
industry growth is driven by ongoing investment
across sustainable development along with
paradigm shift toward green energy alternatives.
In addition, high carbon-cutting emission targets
in line with increased demand for electricity
will propel the business landscape. Furthermore,
ongoing investment to build renewable energy
sources along with favorable schemes as well as
monetary funds will in turn positively impact the
market size. 50 MW CSP market will grow owing
to ability of these units to complement
industrial process heat systems, including coal
and oil-fired boilers as a measure toward
reduction of fossil fuel consumption. Strict
environmental regulations along with growing
efforts toward carbon reduction will further
stimulate the industry growth. For instance, in
2020, Abengoa completed installation of three 200
MW parabolic trough plants in Mohammed Bin Rashid
Al Maktoum Solar Park. In addition, increasing
number of CSP plants across the region along with
paradigm shift toward renewable power generation
sources will drive the industry scenario. With
storage based concentrated solar power industry
will observe remarkable growth owing to the
growing requirement for cost-efficient technology
to store energy driven by the increasing
penetration of renewables into the energy mix. In
addition, primary factors which will further
boost industry growth are higher capacity
utilization factor (CUF), lower LCOE and
increased overall plant efficiency.
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Ongoing investment to build renewable energy
sources and favorable attractive schemes as well
as monetary funds, the Power Tower CSP sector
will see substantial growth in application and
adoption. Moreover, technical adoption of
two-axis solar heliostat monitoring systems will
increase operators ability to achieve higher
working temperatures, efficiency, and electricity
usage. Morocco CSP market will witness an
appreciable rise till 2027 on account of lower
component production costs, economic capital, and
high solar irradiance levels. Growing inclination
toward high carbon-cutting targets in line with
increasing demand for electricity will further
sway the market demand. For instance, in June
2019, ACWA power completed the construction of
200 MW NOORO II and NOORO III CSP projects
situated in Morocco. This project is developed
under Ouarzazate Solar Complex which is the
second project for the Moroccan Solar Energy
Agency (MASEN). Increasing number of CSP plants
across the region along with paradigm shift
toward renewable power generation sources will
drive the industry landscape. Major
manufacturers across the region are GE Renewable
Energy, ACCIONA Energy, Abengoa Solar, Chiyoda
Corporation, ACWA Power, Suntrace, Eastman
Therminol, BrightSource Energy, Shams Power and
SolarReserve.
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Segmentation of Middle East Africa Concentrated
Solar Power Market Middle East Africa Market,
By Technology Parabolic Trough Linear Fresnel
Reflector Power Tower Middle East
Africa Market, By Capacity 50 MW gt50100 MW gt100
MW Middle East Africa Market, By Storage With
Storage Molten Salt Others Without Storage The
above information has been provided for the
following countries Middle East
Africa  Israel UAE Kuwait  
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