Market Overview:
The global molten salt solar energy thermal storage and concentrated solar power (CSP) 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 CSP plants. The molten salt solar energy thermal storage and concentrated solar power (CSP) market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into parabolic trough systems, power tower systems, dish/engine systems, and others. The parabolic trough systems segment dominated the global molten salt solar energy thermal storage and concentrated solar power (CSP) market in 2017 owing to its low cost as compared to other types of CSP plants. However, with technological advancements in this field, other types such as dish/engine systems are expected to witness high growth rates during the forecast period from 2018 to 2030.
 Industry Outlook.svg)
Product Definition:
Molten salt solar energy thermal storage and concentrated solar power (CSP) is a technology used to store thermal energy in the form of molten salt. This technology is important because it allows for the storage of solar energy, which can then be used to generate electricity when the sun isn't shining.
Parabolic Trough Systems:
Parabolic trough is a solar energy storage system, which is used to store thermal energy collected by concentrating the sun's rays on a long-axis parabolic dish. The stored heat can be used to generate electricity when required and also provide enough heat for molten salt thermal energy storage (TSEES) or concentrated solar power (CSP) systems.
Power Tower Systems:
Power tower systems are a type of concentrated solar power plant that uses a central tower to support photovoltaic (PV) panels, which in turn generate electricity. The system is used as an alternative for conventional PV systems as it can provide higher power output with fewer resources. Power towers work by using the principle of thermodynamic cycles; during the day, when there is more sunlight, more energy can be produced from these towers than what is required to maintain the system.
Application Insights:
The other application segment includes water heating, space heating, and industrial applications. The generate electricity application is expected to dominate the global market in terms of revenue generation over the forecast period. Increasing government funding for renewable energy with emphasis on solar power is a major factor contributing to the growth of this segment.
Electricity generation using molten salt thermal storage (MS TS) systems accounted for around 15% of total generated revenues in 2017 owing to growing awareness about clean energy among various industries and governments across regions. Industrial applications are anticipated to witness significant growth over the forecast period due largelyto increasing investments by industry players for R&D activities relatedto Molten Salt Energy Storage (MSES). Increasing demand from residential as well as commercial consumers coupled with favorable government policies regarding installation subsidiesis expected drive demand from household applications during the projected timeframe.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The presence of large-scale solar power generation facilities, availability of land for development, low capital cost, and favorable government policies are some major factors driving regional growth. China accounted for a share of more than 30% in total installations across Asia Pacific owing to its large-scale deployment activities.
North America Molten Salt Solar Energy Thermal Storage And Concentrated Solar Power (CSP) Market Size, Share & Trends Analysis Report By Country (U.S.
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 solar energy technology as compared to other forms of renewable or traditional energy sources
- Rising concerns over climate change and its impact on the environment
- Growing awareness about the benefits of solar thermal storage and concentrated solar power among consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) Market Research Report
By Type
Parabolic Trough Systems, Power Tower Systems, Dish/Engine Systems, Others
By Application
Generate Electricity, Industrial Heating, Other
By Companies
BrightSource Energy, Abengoa, Orano, Acciona, ESolar, SolarReserve, Wilson Solarpower, Novatec, Shams Power, ACWA, SUPCON, Thai Solar Energy, Sunhome, SENER
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
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) Market Report Segments:
The global Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) market is segmented on the basis of:
Types
Parabolic Trough Systems, Power Tower Systems, Dish/Engine Systems, 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, Other
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
- Orano
- Acciona
- ESolar
- SolarReserve
- Wilson Solarpower
- Novatec
- Shams Power
- ACWA
- SUPCON
- Thai Solar Energy
- Sunhome
- SENER
 Market Overview.svg)
Highlights of The Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) 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 Systems
- Power Tower Systems
- Dish/Engine Systems
- Others
- By Application:
- Generate Electricity
- Industrial Heating
- Other
- 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 Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) 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
 Market Statistics.svg)
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?
Molten salt solar energy thermal storage and concentrated solar power (CSP) are two different types of solar energy technologies. Molten salt thermal storage is a technology that uses molten salts to store heat from the sun. Concentrated solar power is a type of photovoltaic technology that uses large mirrors to focus sunlight onto small areas on the ground, called receivers, where it can be converted into electricity.
Some of the major players in the molten salt solar energy thermal storage and concentrated solar power (csp) market are BrightSource Energy, Abengoa, Orano, Acciona, ESolar, SolarReserve, Wilson Solarpower, Novatec, Shams Power, ACWA, SUPCON, Thai Solar Energy, Sunhome, SENER.
The molten salt solar energy thermal storage and concentrated solar power (csp) market is expected to register a CAGR of 16%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) Market - Supply Chain
4.5. Global Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) Market Forecast
4.5.1. Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) Market Size (000 Units) and Y-o-Y Growth
4.5.3. Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) Market Absolute $ Opportunity
5. Global Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) Market Size and Volume Forecast by Type
5.3.1. Parabolic Trough Systems
5.3.2. Power Tower Systems
5.3.3. Dish/Engine Systems
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) Market Size and Volume Forecast by Application
6.3.1. Generate Electricity
6.3.2. Industrial Heating
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) Demand Share Forecast, 2019-2026
9. North America Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) Market Size and Volume Forecast by Application
9.4.1. Generate Electricity
9.4.2. Industrial Heating
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) Market Size and Volume Forecast by Type
9.7.1. Parabolic Trough Systems
9.7.2. Power Tower Systems
9.7.3. Dish/Engine Systems
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) Demand Share Forecast, 2019-2026
10. Latin America Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) Market Size and Volume Forecast by Application
10.4.1. Generate Electricity
10.4.2. Industrial Heating
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) Market Size and Volume Forecast by Type
10.7.1. Parabolic Trough Systems
10.7.2. Power Tower Systems
10.7.3. Dish/Engine Systems
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) Demand Share Forecast, 2019-2026
11. Europe Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) Market Size and Volume Forecast by Application
11.4.1. Generate Electricity
11.4.2. Industrial Heating
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) Market Size and Volume Forecast by Type
11.7.1. Parabolic Trough Systems
11.7.2. Power Tower Systems
11.7.3. Dish/Engine Systems
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) Demand Share, 2019-2026
12. Asia Pacific Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) Market Size and Volume Forecast by Application
12.4.1. Generate Electricity
12.4.2. Industrial Heating
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) Market Size and Volume Forecast by Type
12.7.1. Parabolic Trough Systems
12.7.2. Power Tower Systems
12.7.3. Dish/Engine Systems
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) Demand Share, 2019-2026
13. Middle East & Africa Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) Market Size and Volume Forecast by Application
13.4.1. Generate Electricity
13.4.2. Industrial Heating
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) Market Size and Volume Forecast by Type
13.7.1. Parabolic Trough Systems
13.7.2. Power Tower Systems
13.7.3. Dish/Engine Systems
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) Market: Market Share Analysis
14.2. Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) Distributors and Customers
14.3. Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. BrightSource Energy
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Abengoa
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Orano
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Acciona
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. ESolar
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. SolarReserve
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Wilson Solarpower
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Novatec
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Shams Power
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. ACWA
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. SUPCON
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Thai Solar Energy
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Sunhome
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. SENER
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overvi
