Market Overview:
The global solar tower 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 clean and renewable energy sources across the globe. In addition, government initiatives and regulations supporting the adoption of solar tower thermal power systems are also contributing to the market growth. The global solar tower thermal power system market is segmented on the basis of type, application, and region. On the basis of type, it is divided into product, service, and others segments. The product segment includes components such as receivers, turbines generators (TGs), heat exchangers (HXs), air preheaters (APHs), among others. Services offered in this sector include design & engineering services; construction services; operation & maintenance services; consulting services; training & education services among others). Others include storage tanks and accessories used in a solar tower plant installation such as piping systems etc.). On the basis of application, it is classified into industrial applications; commercial applications including shopping malls/mixed-use developments/office buildings/hotels etc.; construction applications such as residential complexes/government buildings/institutional buildings etc.; Others which comprise agricultural sector amongst other sectors that use small-scale or decentralized STTP plants for captive consumption or sale back to grid).
Product Definition:
Solar Tower Thermal Power System is a technology that uses the sun's energy to heat water and produce steam. The steam then powers turbines to create electricity. Solar Tower Thermal Power Systems are important because they can provide clean, renewable energy that does not produce emissions like traditional power sources such as coal or natural gas plants.
Product:
Product is the main factor to be considered in solar tower thermal power system market. The product has different applications such as it can be used for residential, commercial and industrial purposes. It also depends on type of products that are used for manufacturing of solar towers, which are mainly made up of glass or crystalline silicon.
Service:
Solar Tower Thermal Power System (STP) is a concentrated solar power plant which uses the heat from the solar tower to generate electricity. The system includes concentrator, tower, thermal fluid systems and tracking systems. It is one of the most efficient ways to produce electricity with zero fuel cost.
Application Insights:
The industrial segment dominated the global solar tower power system market in terms of revenue share in 2017. The growth can be attributed to the growing demand for electricity from industrial sources, which is projected to increase over the forecast period. Furthermore, rapid urbanization coupled with rising living standards has led to an increased number of construction projects across developing countries including India and China. This is expected to drive demand over the forecast period.
Commercial applications are anticipated witness significant growth during the study period owing to increasing investments by commercial institutions such as hospitals and educational institutes on a global level. These projects require large amounts of energy that cannot be sourced from conventional sources such as fossil fuels or renewable sources such as wind and solar rays, leading towards an increased adoption rate of these towers worldwide.
Regional Analysis:
Asia Pacific regional market accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of solar farms, which are anticipated to drive demand forESSs in China, Japan, South Korea, Indonesia and India. In addition, favorable government policies regarding deployment of renewable energy infrastructure are projected to further fuel growth.
The European regional market accounted for more than 20% of global revenue share in 2017 owing to growing investments by prominent players towards development of innovative technologies such as concentrated solar power (CSP) and parabolic troughs. CSP technology involves use of concentrating mirrors that focus thermal energy onto a small area where it is converted into steam using high pressure water; this process allows reduction in size or volume while maintaining efficiency similar to traditional fossil-fuel based systems at lower cost over the long term.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization in developing countries
- Government policies and regulations supporting the use of solar thermal power systems
- Reduction in the cost of solar thermal power systems due to technological advancements
- Growing awareness about the benefits of solar thermal power systems among consumers and businesses
- Expansion of renewable energy targets by governments around the world
Scope Of The Report
Report Attributes
Report Details
Report Title
Solar Tower Thermal Power System Market Research Report
By Type
Product, Service, Others
By Application
Industrial, Commercial, Construction, Others
By Companies
Abengoa Solar, Sener, BrightSource, Iberdrola, Samca, SolarReserve, ESOLAR, NextEra Energy, Alcoa, Acciona, 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
139
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global Solar Tower Thermal Power System Market Report Segments:
The global Solar Tower Thermal Power System market is segmented on the basis of:
Types
Product, Service, 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
Industrial, Commercial, Construction, 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 Solar
- Sener
- BrightSource
- Iberdrola
- Samca
- SolarReserve
- ESOLAR
- NextEra Energy
- Alcoa
- Acciona
- Abengoa Solar
- SCHOTT
- Rayspower
- ROYAL TECH CSP
Highlights of The Solar Tower 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:
- Product
- Service
- Others
- By Application:
- Industrial
- Commercial
- Construction
- 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 Solar Tower 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
- 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?
A solar tower thermal power system is a type of renewable energy system that uses the sun's heat to generate electricity. Solar towers use large, curved mirrors to focus sunlight onto a small area near the top of a tower. This concentrated sunlight vaporizes water molecules in the air, creating steam that turns turbines and produces electricity.
Some of the major companies in the solar tower thermal power system market are Abengoa Solar, Sener, BrightSource, Iberdrola, Samca, SolarReserve, ESOLAR, NextEra Energy, Alcoa, Acciona, Abengoa Solar, SCHOTT, Rayspower, ROYAL TECH CSP.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Solar Tower 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 Tower Thermal Power System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Solar Tower 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 Tower 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 Tower Thermal Power System Market Size & Forecast, 2020-2028
4.5.1 Solar Tower Thermal Power System Market Size and Y-o-Y Growth
4.5.2 Solar Tower Thermal Power System 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 Product
5.2.2 Service
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 Industrial
6.2.2 Commercial
6.2.3 Construction
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Solar Tower 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 Tower 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 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 Product
9.6.2 Service
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 Industrial
9.10.2 Commercial
9.10.3 Construction
9.10.4 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 Product
10.6.2 Service
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 Industrial
10.10.2 Commercial
10.10.3 Construction
10.10.4 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 Product
11.6.2 Service
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 Industrial
11.10.2 Commercial
11.10.3 Construction
11.10.4 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 Product
12.6.2 Service
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 Industrial
12.10.2 Commercial
12.10.3 Construction
12.10.4 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 Product
13.6.2 Service
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 Industrial
13.10.2 Commercial
13.10.3 Construction
13.10.4 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 Solar Tower Thermal Power System Market: Competitive Dashboard
14.2 Global Solar Tower 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 BrightSource
14.3.4 Iberdrola
14.3.5 Samca
14.3.6 SolarReserve
14.3.7 ESOLAR
14.3.8 NextEra Energy
14.3.9 Alcoa
14.3.10 Acciona
14.3.11 Abengoa Solar
14.3.12 SCHOTT
14.3.13 Rayspower
14.3.14 ROYAL TECH CSP
