Market Overview:
The global concentrating solar power tower market is expected to grow at a CAGR of over 16% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for renewable energy sources across the globe and government initiatives and subsidies for deployment of solar energy projects. Based on type, the global concentrating solar power tower market is segmented into less than 50 MW, 50 MW to 99 MW, 100 MW and above. Among these segments, the 100 MW and above segment is expected to witness highest growth during the forecast period owing to increase in installation of large-scale concentrated solar power plants. Based on application, utilities accounted for majority share in 2017 and is expected to maintain its dominance during the forecast period as well. However, process heating is projected to be fastest growing application segment with CAGR of over 18% from 2018-2030 due increasing adoption of concentrated solar thermal technology for industrial applications such as drying & curing processes in various end-use industries. Regionally, North America held largest share in 2017 followed by Europe due high concentration of installed capacity coupled with supportive government policies encouraging deployment of renewable energy sources.
Product Definition:
A Concentrating Solar Power Tower (CSP) is a type of solar thermal power plant that uses a large field of mirrors to concentrate sunlight onto a single point. This concentrated heat is used to generate electricity in the same way as traditional thermal power plants.
The main advantage of CSP over other forms of solar power is that it can be stored easily and used when needed, making it an excellent choice for grid-scale energy storage. Additionally, CSP systems are very efficient and can produce up to three times as much energy as traditional photovoltaic systems.
Less than 50 MW:
The global L-50 MW power generation capacity market size was valued at USD 1.8 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The growing demand for clean energy, coupled with the need to reduce carbon emissions, is anticipated to drive growth over the coming years.
50 MW to 99 MW:
The global CSP market is expected to witness significant growth on account of rising environmental concerns and need for renewable source of energy. The growing demand for clean electricity coupled with the scarcity of fossil fuels is expected to drive the market over the forecast period.
50 MW - 99 MW power towers are used in CSP plants which are majorly located in Spain, Italy, India, France and South Africa.
Application Insights:
The others application segment accounted for the largest revenue share of over 40% in 2017. Concentric solar power tower is used to generate electricity and hot water for industrial purposes. The growing demand for clean sources of energy, especially in developing countries such as India and China, has resulted in an increased number of installations across the utility sector.
Utilities application accounted for a significant market share owing to its ability to deliver high power output with low costs throughout the day. Factors such as government support towards increasing investments into renewable energy generation projects are expected to drive concentrates solar power tower market growth over the forecast period.
Concentrated Solar Power (CSP) plants use a large area of mirrors or lenses that focus sunlight onto a small area containing molten salt thermal storage tanks where steam is produced which drives turbines creating electricity.
Regional Analysis:
Europe accounted for the largest market share of more than 30% in 2017. The region is expected to dominate the global industry over the forecast period, owing to large-scale investments and favorable government policies. For instance, Germany has set a target of achieving 40% renewable energy consumption by 2020 and 80% by 2050. This is likely to drive solar power generation technologies, which will subsequently boost concentrates solar power towers market growth over the next eight years.
Asia Pacific is anticipated to be one of the fastest-growing regions with a CAGR exceeding 6%, owing to increasing focus on alternative sources of energy supply in countries such as China and India due to strict environmental regulations implemented by regulatory bodies such as Environment Protection Agency (EPA) in U.S.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization in developing countries
- Government policies and regulations supporting the development of renewable energy sources
- Reduction in the cost of concentrating solar power tower systems due to technological advancements
- Growing awareness about the benefits of concentrating solar power tower systems among consumers and businesses
- Expansion of concentrated solar power tower installations across a wider range of applications
Scope Of The Report
Report Attributes
Report Details
Report Title
Concentrating Solar Power Tower Market Research Report
By Type
Less than 50 MW, 50 MW to 99 MW, 100 MW and above
By Application
Utilities, Process Heating, Others
By Companies
Abengoa, BrightSource Energy, ACWA Power, Aalborg, SolarReserve, TSK Flagsol Engineering GmbH, Esolar, Nexans, Cobra Energia
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
126
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.
Global Concentrating Solar Power Tower Market Report Segments:
The global Concentrating Solar Power Tower market is segmented on the basis of:
Types
Less than 50 MW, 50 MW to 99 MW, 100 MW and above
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
Utilities, Process 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:
- Abengoa
- BrightSource Energy
- ACWA Power
- Aalborg
- SolarReserve
- TSK Flagsol Engineering GmbH
- Esolar
- Nexans
- Cobra Energia
Highlights of The Concentrating Solar Power Tower 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:
- Less than 50 MW
- 50 MW to 99 MW
- 100 MW and above
- By Application:
- Utilities
- Process 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 Concentrating Solar Power Tower 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
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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?
A Concentrating Solar Power Tower is a type of solar thermal power plant that uses the concentrated sunlight of a large mirror or lens to heat water, which then turns into steam and drives an electric generator.
Some of the key players operating in the concentrating solar power tower market are Abengoa, BrightSource Energy, ACWA Power, Aalborg, SolarReserve, TSK Flagsol Engineering GmbH, Esolar, Nexans, Cobra Energia.
The concentrating solar power tower market is expected to register a CAGR of 16%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Concentrating Solar Power Tower 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 Concentrating Solar Power Tower Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Concentrating Solar Power Tower 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 Concentrating Solar Power Tower 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 Concentrating Solar Power Tower Market Size & Forecast, 2020-2028
4.5.1 Concentrating Solar Power Tower Market Size and Y-o-Y Growth
4.5.2 Concentrating Solar Power Tower 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 Less than 50 MW
5.2.2 50 MW to 99 MW
5.2.3 100 MW and above
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 Utilities
6.2.2 Process Heating
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Concentrating Solar Power Tower 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 Concentrating Solar Power Tower 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 Less than 50 MW
9.6.2 50 MW to 99 MW
9.6.3 100 MW and above
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 Utilities
9.10.2 Process 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 Less than 50 MW
10.6.2 50 MW to 99 MW
10.6.3 100 MW and above
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 Utilities
10.10.2 Process 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 Less than 50 MW
11.6.2 50 MW to 99 MW
11.6.3 100 MW and above
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 Utilities
11.10.2 Process 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 Less than 50 MW
12.6.2 50 MW to 99 MW
12.6.3 100 MW and above
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 Utilities
12.10.2 Process 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 Less than 50 MW
13.6.2 50 MW to 99 MW
13.6.3 100 MW and above
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 Utilities
13.10.2 Process 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 Concentrating Solar Power Tower Market: Competitive Dashboard
14.2 Global Concentrating Solar Power Tower Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Abengoa
14.3.2 BrightSource Energy
14.3.3 ACWA Power
14.3.4 Aalborg
14.3.5 SolarReserve
14.3.6 TSK Flagsol Engineering GmbH
14.3.7 Esolar
14.3.8 Nexans
14.3.9 Cobra Energia
