The global concentrated solar power market size is expected to reach around US$ 133.43 billion by 2030 from US$ 41.73 billion in 2021 and is expected to grow at an impressive double-digit rate of 13.8% from 2022 to 2030.
The study includes drivers and restraints of this market. The study provides an analysis of the global concentrated solar power market for the period 2017-2030, wherein 2022 to 2030 is the forecast period and 2021 is considered as the base year.
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Report Highlights
- Based on the application, the utility segment dominated the global market in 2020. This is attributed to the rising number of concentrated solar projects in the developing markets such as Asia Pacific and Middle East. The rapid industrialization and urbanization is a significant factor that is expected to propel the growth of this segment.
- Based on the technology, the power tower is estimated to be the most opportunistic segment. Cheap cost, improved design, and easy installation are some of the features that are expected to drive the growth of this segment during the forecast period.
Market Dynamics
Driver
Rising efforts to control carbon emission and curb air pollution
The increased pollution levels due to the emissions from various sources has resulted in the climate change and harmful impact on the environment. Burning of fossil fuels like coal, oil, and gas is a major factor behind the increased levels of carbon emissions. This has forced the government to take necessary steps to curb the carbon footprint and invest in the development of renewable power technologies. This is a major factor that is expected to drive the market growth.
Restraint
High initial investments associated with the concentrated solar power technology
The components used in the concentrated solar power technology is very costly. The initial investment accounts for 80% of the total cost of installing concentrated solar power technology. Furthermore, additional costs are involved in the maintenance and operation of the systems. Therefore, the high capital investments is the major factor that may hinder the market growth during the forecast period.
Opportunity
Integration of the concentrated solar power to the hybrid plants
The hybrid power plants are capable of using two or more sources fuel to generate power. The solar power is gaining rapid traction across the globe. The availability of the hybrid power plants is capable of utilizing the solar energy for generating power. The rising adoption of the hybrid power plants is expected to have a positive impact on the market growth in the forthcoming future.
Challenge
Complexities of the concentrated solar power systems
There are certain complexities associated with the designing and installation of the concentrated solar power systems. These complexities may reduce the demand for the concentrated solar power and opt for alternatives like solar PV. This is a major threat faced by the market players.
Research Methodology
A unique research methodology has been utilized to conduct comprehensive research on the growth of the global concentrated solar power market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the draw conclusions. Secondary sources referred to by analysts during the production of the global market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of our study on the market as a primary source.
These primary and secondary sources provided exclusive information during interviews, which serves as a validation from mattress topper industry leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global concentrated solar power market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped to estimates the future prospects of the global market more reliable and accurate.
Why should you invest in this report?
If you are aiming to enter the global concentrated solar power market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for concentrated solar power are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2022-2030, so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
Some of the prominent players in the global concentrated solar power market include:
- Abengoa Solar
- TSK Flagsol Engineering
- Acciona Energy
- GE Renewable Energy
- Enel Green Power
- Suntrace
- Shams Power
- BrightSource Energy, Inc.
- CSP Services
- ACWA Power
- Atlantica Yield PLC
- Therminol
- SolarReserve
- Chiyoda Corporation
Market Segmentation:
By Application
- Enhanced Oil Recovery
- Desalination
- Utility
- Others
By Technology
- Linear Fresnel
- Dish
- Parabolic Trough
- Power Tower
By Capacity:
- Less than 50 MW
- 50 MW to 99 MW
- 100 MW and above
By Operation Type:
- Stand-alone Systems
- With Storage
Regional Analysis:
The geographical analysis of the global concentrated solar power market has been done for North America, Europe, Asia-Pacific, and the Rest of the World.
The North American Market is again segmented into the US, Canada, and Mexico. Coming to the European Market, it can be segmented further into the UK, Germany, France, Italy, Spain, and the rest. Coming to the Asia-Pacific, the global concentrated solar power Market is segmented into China, India, Japan, and Rest of Asia Pacific. Among others, the market is segmented into the Middle East and Africa, (GCC, North Africa, South Africa and Rest of the Middle East & Africa).
Key Questions Answered by the Report:
- What will be the size of the global concentrated solar power market in 2030?
- What is the expected CAGR for the concentrated solar power market between 2021 and 2030?
- Which are the top players active in this global market?
- What are the key drivers of this global market?
- How will the market situation change in the coming years?
- Which region held the highest market share in this global market?
- What are the common business tactics adopted by players?
- What is the growth outlook of the global concentrated solar power market?
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Concentrated Solar Power Market
5.1. COVID-19 Landscape: Concentrated Solar Power Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Concentrated Solar Power Market, By Application
8.1. Concentrated Solar Power Market, by Application Type, 2022-2030
8.1.1. Enhanced Oil Recovery
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Desalination
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Utility
8.1.3.1. Market Revenue and Forecast (2017-2030)
8.1.4. Others
8.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Concentrated Solar Power Market, By Technology
9.1. Concentrated Solar Power Market, by Technology, 2022-2030
9.1.1. Linear Fresnel
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Dish
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Parabolic Trough
9.1.3.1. Market Revenue and Forecast (2017-2030)
9.1.4. Power Tower
9.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Concentrated Solar Power Market, By Capacity Type
10.1. Concentrated Solar Power Market, by Capacity Type, 2022-2030
10.1.1. Less than 50 MW
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. 50 MW to 99 MW
10.1.2.1. Market Revenue and Forecast (2017-2030)
10.1.3. 100 MW and above
10.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Concentrated Solar Power Market, By Operation Type
11.1. Concentrated Solar Power Market, by Operation Type, 2022-2030
11.1.1. Stand-alone Systems
11.1.1.1. Market Revenue and Forecast (2017-2030)
11.1.2. With Storage
11.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 12. Global Concentrated Solar Power Market, Regional Estimates and Trend Forecast
12.1. North America
12.1.1. Market Revenue and Forecast, by Application (2017-2030)
12.1.2. Market Revenue and Forecast, by Technology (2017-2030)
12.1.3. Market Revenue and Forecast, by Capacity Type (2017-2030)
12.1.4. Market Revenue and Forecast, by Operation Type (2017-2030)
12.1.5. U.S.
12.1.5.1. Market Revenue and Forecast, by Application (2017-2030)
12.1.5.2. Market Revenue and Forecast, by Technology (2017-2030)
12.1.5.3. Market Revenue and Forecast, by Capacity Type (2017-2030)
12.1.5.4. Market Revenue and Forecast, by Operation Type (2017-2030)
12.1.6. Rest of North America
12.1.6.1. Market Revenue and Forecast, by Application (2017-2030)
12.1.6.2. Market Revenue and Forecast, by Technology (2017-2030)
12.1.6.3. Market Revenue and Forecast, by Capacity Type (2017-2030)
12.1.6.4. Market Revenue and Forecast, by Operation Type (2017-2030)
12.2. Europe
12.2.1. Market Revenue and Forecast, by Application (2017-2030)
12.2.2. Market Revenue and Forecast, by Technology (2017-2030)
12.2.3. Market Revenue and Forecast, by Capacity Type (2017-2030)
12.2.4. Market Revenue and Forecast, by Operation Type (2017-2030)
12.2.5. UK
12.2.5.1. Market Revenue and Forecast, by Application (2017-2030)
12.2.5.2. Market Revenue and Forecast, by Technology (2017-2030)
12.2.5.3. Market Revenue and Forecast, by Capacity Type (2017-2030)
12.2.5.4. Market Revenue and Forecast, by Operation Type (2017-2030)
12.2.6. Germany
12.2.6.1. Market Revenue and Forecast, by Application (2017-2030)
12.2.6.2. Market Revenue and Forecast, by Technology (2017-2030)
12.2.6.3. Market Revenue and Forecast, by Capacity Type (2017-2030)
12.2.6.4. Market Revenue and Forecast, by Operation Type (2017-2030)
12.2.7. France
12.2.7.1. Market Revenue and Forecast, by Application (2017-2030)
12.2.7.2. Market Revenue and Forecast, by Technology (2017-2030)
12.2.7.3. Market Revenue and Forecast, by Capacity Type (2017-2030)
12.2.7.4. Market Revenue and Forecast, by Operation Type (2017-2030)
12.2.8. Rest of Europe
12.2.8.1. Market Revenue and Forecast, by Application (2017-2030)
12.2.8.2. Market Revenue and Forecast, by Technology (2017-2030)
12.2.8.3. Market Revenue and Forecast, by Capacity Type (2017-2030)
12.2.8.4. Market Revenue and Forecast, by Operation Type (2017-2030)
12.3. APAC
12.3.1. Market Revenue and Forecast, by Application (2017-2030)
12.3.2. Market Revenue and Forecast, by Technology (2017-2030)
12.3.3. Market Revenue and Forecast, by Capacity Type (2017-2030)
12.3.4. Market Revenue and Forecast, by Operation Type (2017-2030)
12.3.5. India
12.3.5.1. Market Revenue and Forecast, by Application (2017-2030)
12.3.5.2. Market Revenue and Forecast, by Technology (2017-2030)
12.3.5.3. Market Revenue and Forecast, by Capacity Type (2017-2030)
12.3.5.4. Market Revenue and Forecast, by Operation Type (2017-2030)
12.3.6. China
12.3.6.1. Market Revenue and Forecast, by Application (2017-2030)
12.3.6.2. Market Revenue and Forecast, by Technology (2017-2030)
12.3.6.3. Market Revenue and Forecast, by Capacity Type (2017-2030)
12.3.6.4. Market Revenue and Forecast, by Operation Type (2017-2030)
12.3.7. Japan
12.3.7.1. Market Revenue and Forecast, by Application (2017-2030)
12.3.7.2. Market Revenue and Forecast, by Technology (2017-2030)
12.3.7.3. Market Revenue and Forecast, by Capacity Type (2017-2030)
12.3.7.4. Market Revenue and Forecast, by Operation Type (2017-2030)
12.3.8. Rest of APAC
12.3.8.1. Market Revenue and Forecast, by Application (2017-2030)
12.3.8.2. Market Revenue and Forecast, by Technology (2017-2030)
12.3.8.3. Market Revenue and Forecast, by Capacity Type (2017-2030)
12.3.8.4. Market Revenue and Forecast, by Operation Type (2017-2030)
12.4. MEA
12.4.1. Market Revenue and Forecast, by Application (2017-2030)
12.4.2. Market Revenue and Forecast, by Technology (2017-2030)
12.4.3. Market Revenue and Forecast, by Capacity Type (2017-2030)
12.4.4. Market Revenue and Forecast, by Operation Type (2017-2030)
12.4.5. GCC
12.4.5.1. Market Revenue and Forecast, by Application (2017-2030)
12.4.5.2. Market Revenue and Forecast, by Technology (2017-2030)
12.4.5.3. Market Revenue and Forecast, by Capacity Type (2017-2030)
12.4.5.4. Market Revenue and Forecast, by Operation Type (2017-2030)
12.4.6. North Africa
12.4.6.1. Market Revenue and Forecast, by Application (2017-2030)
12.4.6.2. Market Revenue and Forecast, by Technology (2017-2030)
12.4.6.3. Market Revenue and Forecast, by Capacity Type (2017-2030)
12.4.6.4. Market Revenue and Forecast, by Operation Type (2017-2030)
12.4.7. South Africa
12.4.7.1. Market Revenue and Forecast, by Application (2017-2030)
12.4.7.2. Market Revenue and Forecast, by Technology (2017-2030)
12.4.7.3. Market Revenue and Forecast, by Capacity Type (2017-2030)
12.4.7.4. Market Revenue and Forecast, by Operation Type (2017-2030)
12.4.8. Rest of MEA
12.4.8.1. Market Revenue and Forecast, by Application (2017-2030)
12.4.8.2. Market Revenue and Forecast, by Technology (2017-2030)
12.4.8.3. Market Revenue and Forecast, by Capacity Type (2017-2030)
12.4.8.4. Market Revenue and Forecast, by Operation Type (2017-2030)
12.5. Latin America
12.5.1. Market Revenue and Forecast, by Application (2017-2030)
12.5.2. Market Revenue and Forecast, by Technology (2017-2030)
12.5.3. Market Revenue and Forecast, by Capacity Type (2017-2030)
12.5.4. Market Revenue and Forecast, by Operation Type (2017-2030)
12.5.5. Brazil
12.5.5.1. Market Revenue and Forecast, by Application (2017-2030)
12.5.5.2. Market Revenue and Forecast, by Technology (2017-2030)
12.5.5.3. Market Revenue and Forecast, by Capacity Type (2017-2030)
12.5.5.4. Market Revenue and Forecast, by Operation Type (2017-2030)
12.5.6. Rest of LATAM
12.5.6.1. Market Revenue and Forecast, by Application (2017-2030)
12.5.6.2. Market Revenue and Forecast, by Technology (2017-2030)
12.5.6.3. Market Revenue and Forecast, by Capacity Type (2017-2030)
12.5.6.4. Market Revenue and Forecast, by Operation Type (2017-2030)
Chapter 13. Company Profiles
13.1. Abengoa Solar
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. TSK Flagsol Engineering
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. Acciona Energy
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. GE Renewable Energy
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. Enel Green Power
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. Suntrace
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. Shams Power
13.7.1. Company Overview
13.7.2. Product Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. BrightSource Energy, Inc.
13.8.1. Company Overview
13.8.2. Product Offerings
13.8.3. Financial Performance
13.8.4. Recent Initiatives
13.9. CSP Services
13.9.1. Company Overview
13.9.2. Product Offerings
13.9.3. Financial Performance
13.9.4. Recent Initiatives
13.10. ACWA Power
13.10.1. Company Overview
13.10.2. Product Offerings
13.10.3. Financial Performance
13.10.4. Recent Initiatives
13.11. Atlantica Yield PLC
13.11.1. Company Overview
13.11.2. Product Offerings
13.11.3. Financial Performance
13.11.4. Recent Initiatives
Chapter 14. Research Methodology
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
Chapter 15. Appendix
15.1. About Us
15.2. Glossary of Terms
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