Market Overview:
The global concentrated solar power market is expected to grow from USD 9.02 billion in 2018 to USD 28.06 billion by 2030, at a CAGR of 16.92% during the forecast period. The growth of the market can be attributed to the increasing demand for electricity and industrial heating, and rising concerns about climate change and greenhouse gas emissions. The parabolic trough collector segment is expected to hold the largest share of the global concentrated solar power market in 2018.
Product Definition:
Concentrated Solar Power is a technology that uses mirrors to concentrate the sun’s energy and convert it into heat. This heat can then be used to generate electricity, or to provide other forms of energy like hot water or air conditioning.
Parabolic Trough Collector:
Parabolic trough is a thermal parabola that concentrates solar energy on a horizontal axis for an extended period of time. It is one of the most efficient ways to collect solar power and has been gaining popularity over the past few years owing to its cost effectiveness, ease in construction, and ability to provide continuous power. The technology has been commercialized in various parts of world including U.S., Spain, India, China etc.
Solar Tower:
Solar tower is a type of Concentrated Solar Power (CSP) plant, which uses the sun's rays to generate electricity. It is one of the most popular forms of renewable energy generation as it has no fuel source and produces no emissions. The CSP market has been growing at a significant rate owing to its ability to provide base load power along with an option for variable renewable energy generation.
The global CSP market size was valued at USD 11 billion in 2016.
Application Insights:
The Concentrated Solar Power (CSP) plants are widely used to generate electricity. The CSP plants use a variety of technologies such as parabolic trough, solar tower and others to boil water into steam that drives an electric generator. The CSP stations use the steam produced by the boiling water to turn a turbine which in turn, generates electricity.
The other application segment for CSP includes space heating or cooling applications in buildings, industrial processes and food/beverage processing among others. Space heating accounts for over 70% of total demand while power generation makes up less than 30% of total demand globally owing to low costs associated with other sources of energy such as coal and natural gas among others.
Regional Analysis:
Europe accounted for the largest market share of more than 30% in 2017. The region is expected to dominate the industry over the forecast period owing to large-scale investments and favorable government policies. For instance, in 2015, Germany announced a USD X trillion investment plan over a period of 15 years with an aim to reduce its dependence on fossil fuels and enhance its solar power capacity.
Asia Pacific is projected to be one of the fastest-growing regions during the forecast period owing to increasing focus on renewable energy sources as an alternative source of electricity generation for countries such as Japan and China which suffer from constant blackouts. In addition, supportive government policies are also expected favorably impact regional growth during future phases.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization in developing countries
- Government policies and regulations supporting renewable energy sources over traditional ones
- Reduction in the cost of concentrated solar power systems due to technological advancements
- Growing awareness about the benefits of concentrated solar power among consumers and businesses
- Rising concerns about climate change and its impact on the environment
Scope Of The Report
Report Attributes
Report Details
Report Title
Concentrated Solar Power Market Research Report
By Type
Parabolic Trough Collector, Solar Tower, Others
By Application
Generate Electricity, Industrial Heating, Others
By Companies
BrightSource Energy, Abengoa, ACCIONA, ACS Group, ESolar, SENER Group, SolarReserve, Schott, BrightSource Energy
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
189
Number of Tables & Figures
133
Customization Available
Yes, the report can be customized as per your need.
Global Concentrated Solar Power Market Report Segments:
The global Concentrated Solar Power market is segmented on the basis of:
Types
Parabolic Trough Collector, Solar Tower, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Generate Electricity, Industrial Heating, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BrightSource Energy
- Abengoa
- ACCIONA
- ACS Group
- ESolar
- SENER Group
- SolarReserve
- Schott
- BrightSource Energy
Highlights of The Concentrated Solar Power Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Parabolic Trough Collector
- Solar Tower
- Others
- By Application:
- Generate Electricity
- Industrial Heating
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Concentrated Solar Power Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Concentrated solar power (CSP) is a type of solar energy that uses large, centralized systems to collect sunlight and convert it into heat or electricity. CSP systems use mirrors or lenses to focus the sun's rays on a small area, making it possible to generate more energy from each unit of sunlight than with traditional photovoltaic (PV) panels.
Some of the major companies in the concentrated solar power market are BrightSource Energy, Abengoa, ACCIONA, ACS Group, ESolar, SENER Group, SolarReserve, Schott, BrightSource Energy.
The concentrated solar power market is expected to grow at a compound annual growth rate of 16.92%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Concentrated Solar Power Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Concentrated Solar Power Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Concentrated Solar Power Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Concentrated Solar Power Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Concentrated Solar Power Market Size & Forecast, 2020-2028 4.5.1 Concentrated Solar Power Market Size and Y-o-Y Growth 4.5.2 Concentrated Solar Power Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Parabolic Trough Collector
5.2.2 Solar Tower
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Generate Electricity
6.2.2 Industrial Heating
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Concentrated Solar Power Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Concentrated Solar Power Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Parabolic Trough Collector
9.6.2 Solar Tower
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Generate Electricity
9.10.2 Industrial Heating
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Parabolic Trough Collector
10.6.2 Solar Tower
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Generate Electricity
10.10.2 Industrial Heating
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Parabolic Trough Collector
11.6.2 Solar Tower
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Generate Electricity
11.10.2 Industrial Heating
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Parabolic Trough Collector
12.6.2 Solar Tower
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Generate Electricity
12.10.2 Industrial Heating
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Parabolic Trough Collector
13.6.2 Solar Tower
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Generate Electricity
13.10.2 Industrial Heating
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Concentrated Solar Power Market: Competitive Dashboard
14.2 Global Concentrated Solar Power Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BrightSource Energy
14.3.2 Abengoa
14.3.3 ACCIONA
14.3.4 ACS Group
14.3.5 ESolar
14.3.6 SENER Group
14.3.7 SolarReserve
14.3.8 Schott
14.3.9 BrightSource Energy