Tuesday, 16 February 2016

Low Iron Glass for Concentrating Solar Power Market Analysis, Size, Share, Growth, Trends And Forecast To 2020

Low iron glass for concentrating solar power (CSP) accounts for about 3% of the total global glass production. The global low iron glass for CSP market was valued at USD 357 million in 2013. It is expected to reach USD 12 billion by 2020. By 2020, about 16% of the total glass produced in the world will be low iron glass, a share comparable to automotive glass.

This stupendous growth will be a result of accelerated adoption of CSP all over the world. Any CSP market becomes feasible when it has 100 paying reference accounts. CSP industry has strong growth potential. As solar energy becomes increasingly affordable, the world will undergo a transformation. It will then be possible to desalinate water, drive electric cars, and control home temperature to suit our taste all year round. 

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Solar energy is expected to contribute more than 89% to the world energy production in the next 25 years. Its growth trajectory may be likened to that of the smart phone industry which became lucrative once prices dropped and generated economies of scale. CSP will lower electricity costs to a large extent. Silica is the main material required to manufacture low iron glass for CSP. Low iron glass’ advantages include clarity and more efficient capture of solar power. 

CSP plants, once built, require negligible amount of labor. Moreover, there are no subsequent fuel costs involved.  Electricity costs from CSP plants in 2013 stood at USD 0.15 to 0.24 per kWh. They could drop down to USD 0.03 per kWh and even lower by the end of 2017. The year 2020 should witness an even higher drop (in the range of 30%-50%) in CSP capital costs. This may be attributed to higher efficiencies brought in by the new technologies. 

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The CSP industry is no longer in the trial phase. It now falls in the early adopter stage. The Ivanpah solar electric generating system has opened up avenues for steam generated electricity from the sun. Ivanpah CSP is bound to lend strength to the US economy and solar supply chain, gradually bringing in complete energy independence. Key players in the global low iron glass for concentrating solar power (CSP) market are Guardian Industries, Rioglass Solar S.A., eSolar, and Schott AG. 

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