Concentrated Solar Power Market size is projected to reach USD 10.2 Billion by 2028 from an estimated USD 6.1 Billion in 2022, growing at a CAGR of 7.62% globally.

Concentrated Solar Power technology uses mirrors to reflect sunlight and focus on the receiver. The concentrated solar energy heats the hot liquid in the receiver from heat is heat generated, also known as thermal energy, which can be used to turn turbines and drive engines to generate electricity. It can also be used in a variety of industrial applications, including Water desalination, improved oil recovery, food processing, chemical production, and mineral processing. Concentrated Solar Power plants are typically used for power plant projects. These utility-scale CSP systems can be configured in different ways. The electric pylon system places a mirror around the central tower that acts as a receiver.

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