Market Overview:
The global solar thermal power system market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for renewable energy sources and government initiatives and subsidies for the adoption of solar thermal power systems. The global solar thermal power system market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into parabolic trough type, power tower type, dish type, fresnel type.
Product Definition:
A solar thermal power system uses sunlight to produce heat, which is then used to generate electricity. Solar thermal power systems are different from traditional photovoltaic (PV) systems, which use sunlight to create electricity directly.
Parabolic Trough Type:
Parabolic trough is a type of solar power plant that uses the sun's energy to generate electricity. It has a long, curved design and is often used to build large-scale power plants. Parabolic troughs are built on flat or rolling land so that they face directly towards the sun throughout the day. The curved shape focuses sunlight onto high-mounted heliostat collectors, which focus sunlight onto receiver tubes containing fluid with temperatures as high as 150°C (300°F).
Power Tower Type:
Power tower type is a solar thermal power plant which uses the principle of concentrating sunlight on a central tower. It is one of the most efficient ways to generate electricity with high temperatures ranging from 400-500 degree Celsius. The system works by using parabolic troughs andpower towers, where the heat received at these locations is further transferred to tubes containing fluid, which drives turbines and generators for producing electricity.
Application Insights:
The commercial use segment dominated the global solar thermal power system market in 2017, accounting for over 60.0% share of the total revenue. The growing number of large-scale industrial projects is expected to drive the demand for STPS in this application segment over the forecast period.
The presence of a significant number of industrial users across various regions including Asia Pacific and Middle East & Africa is anticipated to boost product demand from 2018 to 2030. In addition, favorable government policies and tax rebates offered on installing energy storage devices are likely to augment investments in renewable energy sources such as solar thermal power systems, which will further propel industry growth over the forecast period.
In terms of revenue, utility applications accounted for 30% share in 2017 owing to rising deployment at domestic level particularly across North America.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional segment over the forecast period. The growth can be attributed to increasing government funding for R&D in solar thermal power technology and rising investments by private players in this region. For instance, In January 2016, Abengoa Solar announced its plan of constructing a 300 MW concentrated solar plant (CSP) project in Indonesia with an investment of USD X million by 2020.
Europe accounted for over 20% of the global market share owing to early adoption of these systems across countries such as Spain and Italy. However, slow growth rate experienced during 2009 & 2010 due to economic recession followed by outbreak of COVID-19 pandemic may hinder industry expansion over next few years.
Latin America is anticipated to witness significant growth rate during 2018 - 2030 due to growing awareness about environmental protection along with need for sustainable energy sources that do not emit Greenhouse Gas (GHG).
Growth Factors:
- Increasing demand for clean and renewable energy sources across the globe
- Favorable government policies and regulations for adoption of solar thermal power systems
- Rising concerns over climate change and greenhouse gas emissions
- Growing investments in research and development of solar thermal technologies
- Availability of cost-effective and efficient solar thermal power systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Solar Thermal Power System Market Research Report
By Type
Parabolic Trough Type, Power Tower Type, Dish Type, Fresnel Type
By Application
Industrial Use, Commercial Use
By Companies
Abengoa Solar, Sener, Acciona, BrightSource, Iberdrola, Samca, SolarReserve, ESOLAR, NextEra Energy, Alcoa, Abengoa Solar, SCHOTT, Rayspower, ROYAL TECH CSP
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
209
Number of Tables & Figures
147
Customization Available
Yes, the report can be customized as per your need.
Global Solar Thermal Power System Market Report Segments:
The global Solar Thermal Power System market is segmented on the basis of:
Types
Parabolic Trough Type, Power Tower Type, Dish Type, Fresnel Type
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
Industrial Use, Commercial Use
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 Solar
- Sener
- Acciona
- BrightSource
- Iberdrola
- Samca
- SolarReserve
- ESOLAR
- NextEra Energy
- Alcoa
- Abengoa Solar
- SCHOTT
- Rayspower
- ROYAL TECH CSP
Highlights of The Solar Thermal Power System 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 Type
- Power Tower Type
- Dish Type
- Fresnel Type
- By Application:
- Industrial Use
- Commercial Use
- 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 Solar Thermal Power System 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
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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 solar thermal power system is a type of renewable energy system that uses the sun's heat to generate electricity. Solar thermal systems use large, flat panels called collectors to focus sunlight onto a small area where it can be used to heat water or oil. This heated liquid is then used to turn turbines and produce electricity.
Some of the major companies in the solar thermal power system market are Abengoa Solar, Sener, Acciona, BrightSource, Iberdrola, Samca, SolarReserve, ESOLAR, NextEra Energy, Alcoa, Abengoa Solar, SCHOTT, Rayspower, ROYAL TECH CSP.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Solar Thermal Power System 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 Solar Thermal Power System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Solar Thermal Power System 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 Solar Thermal Power System 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 Solar Thermal Power System Market Size & Forecast, 2018-2028
4.5.1 Solar Thermal Power System Market Size and Y-o-Y Growth
4.5.2 Solar Thermal Power System Market Absolute $ Opportunity
Chapter 5 Global Solar Thermal Power System 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 Solar Thermal Power System Market Size Forecast by Type
5.2.1 Parabolic Trough Type
5.2.2 Power Tower Type
5.2.3 Dish Type
5.2.4 Fresnel Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Solar Thermal Power System 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 Solar Thermal Power System Market Size Forecast by Applications
6.2.1 Industrial Use
6.2.2 Commercial Use
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Solar Thermal Power System 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 Solar Thermal Power System 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 Solar Thermal Power System Analysis and Forecast
9.1 Introduction
9.2 North America Solar Thermal Power System 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 Solar Thermal Power System Market Size Forecast by Type
9.6.1 Parabolic Trough Type
9.6.2 Power Tower Type
9.6.3 Dish Type
9.6.4 Fresnel Type
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 Solar Thermal Power System Market Size Forecast by Applications
9.10.1 Industrial Use
9.10.2 Commercial Use
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 Solar Thermal Power System Analysis and Forecast
10.1 Introduction
10.2 Europe Solar Thermal Power System 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 Solar Thermal Power System Market Size Forecast by Type
10.6.1 Parabolic Trough Type
10.6.2 Power Tower Type
10.6.3 Dish Type
10.6.4 Fresnel Type
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 Solar Thermal Power System Market Size Forecast by Applications
10.10.1 Industrial Use
10.10.2 Commercial Use
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 Solar Thermal Power System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Solar Thermal Power System 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 Solar Thermal Power System Market Size Forecast by Type
11.6.1 Parabolic Trough Type
11.6.2 Power Tower Type
11.6.3 Dish Type
11.6.4 Fresnel Type
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 Solar Thermal Power System Market Size Forecast by Applications
11.10.1 Industrial Use
11.10.2 Commercial Use
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 Solar Thermal Power System Analysis and Forecast
12.1 Introduction
12.2 Latin America Solar Thermal Power System 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 Solar Thermal Power System Market Size Forecast by Type
12.6.1 Parabolic Trough Type
12.6.2 Power Tower Type
12.6.3 Dish Type
12.6.4 Fresnel Type
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 Solar Thermal Power System Market Size Forecast by Applications
12.10.1 Industrial Use
12.10.2 Commercial Use
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) Solar Thermal Power System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Solar Thermal Power System 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) Solar Thermal Power System Market Size Forecast by Type
13.6.1 Parabolic Trough Type
13.6.2 Power Tower Type
13.6.3 Dish Type
13.6.4 Fresnel Type
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) Solar Thermal Power System Market Size Forecast by Applications
13.10.1 Industrial Use
13.10.2 Commercial Use
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 Solar Thermal Power System Market: Competitive Dashboard
14.2 Global Solar Thermal Power System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Abengoa Solar
14.3.2 Sener
14.3.3 Acciona
14.3.4 BrightSource
14.3.5 Iberdrola
14.3.6 Samca
14.3.7 SolarReserve
14.3.8 ESOLAR
14.3.9 NextEra Energy
14.3.10 Alcoa
14.3.11 Abengoa Solar
14.3.12 SCHOTT
14.3.13 Rayspower
14.3.14 ROYAL TECH CSP
