Global Concentrated Solar Power Market, By Technology (Parabolic Trough, Power Tower, Linear Fresnel, and Dish/Engine System), Components (Solar Field, Power Block, Thermal Storage), End User (Utilities, Enhanced Oil Recovery (EOR), Others), Heat Transfer Fluid (Molten Salt, Water-Based, Oil-Based, and Other Heat Transfer Fluids), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Concentrated Solar Power Market Analysis and Insights
Concentrated solar power market will reach at estimated value of USD 15.76 billion and grow at a rate of 12.90% for the forecast period of 2021 to 2028. Growing environmental concerns over carbon emissions and efforts to reduce air pollution is a vital factor driving the growth of concentrated solar power market.
Concentrated solar power energy is a type of energy which is a generation of electricity via mirrors that concentrates the sunrays to the temperature varying between 400 and 1,000 °C. The energy is then employed in numerous applications such as heating fluid, basically water or oil, which in turn produces steam or hot air. The steam that is produced is used to drive turbines and is connected to a generator to generate electricity. There are numerous types of mirror shapes and sun-tracking methods which helps in providing useful energy.
Rising policy support from government to enable adoption of renewable technologies is the vital factor escalating the market growth, also increasing effective integration of CSP systems with thermal storage systems, increasing growth in demand for renewable energy, increasing boost in the demand for solar energy from emerging economies, rising demand for clean energy, increasing favourable government initiatives and continuous decline in LCOE are the major factors among others driving the concentrated solar power market. Moreover, rising integration of CSP in hybrid power plants and increasing use of CSP in desalination and enhanced oil recovery processes will further create new opportunities for the concentrated solar power market in the forecast period of 2021- 2028.
However, increasing cost of generation compared to other renewable technologies, rising aavailability of other renewable alternatives and increasing capital expenditure are the major factors among others acting as a restraint, and will further challenge the growth of concentrated solar power market in the forecast period mentioned above.
This concentrated solar power market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on concentrated solar power market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Concentrated Solar Power Market Scope and Market Size
Concentrated solar power market is segmented on the basis of technology, components, end-user and heat transfer fluid. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on technology, the concentrated solar power market is segmented into parabolic trough, power tower, linear fresnel, and dish/engine system.
- Based on components, the concentrated solar power market is segmented into solar field, power block and thermal storage.
- Based on end-user, the concentrated solar power market is segmented into utilities, enhanced oil recovery (EOR) and others.
- The concentrated solar power market is also segmented on the basis of heat transfer fluid into molten salt, water-based, oil-based, and other heat transfer fluids
Concentrated Solar Power Market Country Level Analysis
Concentrated solar power market is analysed and market size, volume information is provided by country, technology, components, end-user and heat transfer fluid as referenced above.
The countries covered in the concentrated solar power market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the concentrated solar power market due to growing investment in concentrated solar power for alleviating grid locations, increasing need to produce continuous renewable power energy to support rising fiscal activities and increasing favorable government policies across numerous countries in this region. North America is the expected regions in terms of growth in concentrated solar power market due to rising continuation in sizable investments in development, along with the changing focus of investors toward green energy alternatives in this region.
The country section of the concentrated solar power market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Concentrated Solar Power Market Share Analysis
Concentrated solar power market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to concentrated solar power market.
The major players covered in the concentrated solar power market report are Abengoa, ACCIONA, GENERAL ELECTRIC, TSK Flagsol, Enel Spa, Suntrace GmbH, BrightSource Energy, Inc., Atlantica Sustainable Infrastructure plc, Shams Power, SolarReserve LLC, ACWA POWER, Eastman Chemical Company or its subsidiaries, and Chiyoda Corporation among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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