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Concentrated Solar Power Market By Technology, By End Use Industry: Global Opportunity Analysis and Industry Forecast, 2023-2032

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    Report

  • 250 Pages
  • December 2023
  • Region: Global
  • Allied Market Research
  • ID: 4844566
The global concentrated solar power market size was valued at $6.1 billion in 2022, and is projected to reach $28.2 billion by 2032, registering a CAGR of 16.6% from 2023 to 2032.

Concentrated solar panels (CSP) represent a category of solar technology designed to harness sunlight through mirrors or lenses, concentrating sunlight onto a smaller area to generate electricity or thermal energy. These systems differ from traditional photovoltaic (PV) solar panels, which convert sunlight directly into electricity using semiconductor materials.

Concentrated solar power holds several distinct advantages that position it as a prominent renewable energy source in the global energy landscape. It has the ability to generate electricity efficiently and reliably using sunlight and clean energy. CSP systems use mirrors or lenses to concentrate sunlight onto receivers, heating a fluid to produce steam that drives turbines and generates electricity. Moreover, the scalability of CSP technology is a significant advantage. CSP plants are built at various scales, from small-scale installations to utility-scale power plants covering large areas. This scalability enables flexibility in meeting different energy demands, whether for individual communities or to contribute significantly to a regional power grid.

The environmental benefits of CSP are substantial. It produces electricity without emitting greenhouse gases or other harmful pollutants, contributing significantly to mitigating climate change and reducing air pollution. By displacing fossil fuel-based power generation, CSP helps decrease reliance on non-renewable resources and minimizes the environmental impact associated with conventional energy production. All these factors increase the demand for concentrated solar power during the forecast period.

Hybrid systems combine CSP with conventional power plants or other renewables like wind or PV that offer enhanced reliability and stability to the grid. Coupling CSP with energy storage solutions enables round-the-clock electricity supply and facilitates grid balancing and peak shaving, thereby addressing intermittency challenges associated with solar energy. All these factors are anticipated to offer new growth opportunities for the concentrated solar power market during the forecast period.

The concentrated solar power market is segmented on the basis of technology, end-use industry, and region. By technology, the market is classified into parabolic trough, solar power tower, Fresnel reflectors, and dish stirling. The solar power tower technology accounted for more than half of the global concentrated solar power market revenue in 2022 and is expected to maintain its dominance during the forecast period. Solar power towers have the potential to achieve higher temperatures compared to other CSP technologies. This allows for efficient electricity generation through steam turbines, resulting in higher energy output per unit of installed capacity.

By end-use industry, the market is divided into residential, commercial, and industrial. The industrial segment accounted for half of the concentrated solar power market revenue in 2022 and is expected to maintain its dominance during the forecast period. Industries often require high-temperature heat for various manufacturing processes, such as in the production of cement, steel, chemicals, or desalination. CSP systemsw provide this high-temperature heat efficiently, offering an alternative to fossil fuel-based heating methods. In addition, stringent environmental regulations and corporate sustainability initiatives drive industries to transition towards cleaner energy sources. CSP, being a carbon-neutral and environmentally friendly energy solution, aligns with these goals, helping industries reduce their carbon footprint.

By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. On the basis of region, Asia-Pacific accounted for more than half of the global concentrated solar power market growth revenue in 2022 and is expected to maintain its dominance during the forecast period. The Asia-Pacific region experiences substantial economic growth and industrialization, leading to an increasing demand for energy. CSP presents an opportunity to meet this growing energy demand sustainably, especially in countries facing power shortages or seeking to diversify their energy mix.

Key players in the concentrated solar power industry include Aalborg CSP, Acciona, ACWA Power, Atlantica Sustainable Infrastructure plc., Brightsource, FRENELL GMBH, General Electric, Rioglass Solar Inc., Sener, and Siemens Energy AG. In addition, the market drivers, restraints, and opportunities are explained in the report.

Apart from these major players, there are other key players in the concentrated solar power market analysis. These include Abengoa Solar, SolarReserve, TSK Flagsol Engineering GmbH, Schott AG, Therminol, Cobra Group, Idhelio, Novatec Biosol, and Enel Green Power.

Key findings of the study

On the basis of technology, the Fresnel reflectors segment is expected to grow at a CAGR of 17.6%, in terms of revenue, during the forecast period.

On the basis of end-use industry, the industrial segment is expected to grow at a CAGR of 16.3%, in terms of revenue, during the forecast period.

Region-wise, Asia-Pacific has the highest share in 2022 in terms of revenue.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the concentrated solar power market share analysis from 2022 to 2032 to identify the prevailing concentrated solar power market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the concentrated solar power market forecast, and segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global concentrated solar power market trends, key players, market segments, application areas, and market growth strategies.

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  • Manufacturing Capacity
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  • Expanded list for Company Profiles
  • Key player details (including location, contact details, supplier/vendor network etc. in excel format)
  • Market share analysis of players at global/region/country level
  • SWOT Analysis

Key Market Segments

By Technology

  • Parabolic Trough
  • Solar Power Tower
  • Fresnel Reflectors
  • Dish Stirling

By End Use Industry

  • Residential
  • Commercial
  • Industrial

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • Italy
  • Spain
  • UK
  • France
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • Rest of LAMEA
Key Market Players
  • Siemens Energy AG
  • FRENELL GMBH
  • ACWA Power
  • Acciona
  • Atlantica Sustainable Infrastructure plc.
  • Brightsource
  • Rioglass Solar Inc.
  • General Electric
  • Aalborg CSP
  • Sener

 

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
3.3.1. Moderate bargaining power of suppliers
3.3.2. Moderate threat of new entrants
3.3.3. Low threat of substitutes
3.3.4. Moderate intensity of rivalry
3.3.5. Moderate bargaining power of buyers
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Surge in demand for renewable energy
3.4.1.2. Government incentives, subsidies, and policies
3.4.2. Restraints
3.4.2.1. High cost of investment
3.4.3. Opportunities
3.4.3.1. Hybridization and system integration
3.5. Value Chain Analysis
3.6. Key Regulation Analysis
3.7. Patent Landscape
CHAPTER 4: CONCENTRATED SOLAR POWER MARKET, BY TECHNOLOGY
4.1. Overview
4.1.1. Market size and forecast
4.2. Parabolic Trough
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis by country
4.3. Solar Power Tower
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis by country
4.4. Fresnel Reflectors
4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market share analysis by country
4.5. Dish Stirling
4.5.1. Key market trends, growth factors and opportunities
4.5.2. Market size and forecast, by region
4.5.3. Market share analysis by country
CHAPTER 5: CONCENTRATED SOLAR POWER MARKET, BY END USE INDUSTRY
5.1. Overview
5.1.1. Market size and forecast
5.2. Residential
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market share analysis by country
5.3. Commercial
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market share analysis by country
5.4. Industrial
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market share analysis by country
CHAPTER 6: CONCENTRATED SOLAR POWER MARKET, BY REGION
6.1. Overview
6.1.1. Market size and forecast By Region
6.2. North America
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by Technology
6.2.3. Market size and forecast, by End Use Industry
6.2.4. Market size and forecast, by country
6.2.4.1. U.S.
6.2.4.1.1. Market size and forecast, by Technology
6.2.4.1.2. Market size and forecast, by End Use Industry
6.2.4.2. Canada
6.2.4.2.1. Market size and forecast, by Technology
6.2.4.2.2. Market size and forecast, by End Use Industry
6.2.4.3. Mexico
6.2.4.3.1. Market size and forecast, by Technology
6.2.4.3.2. Market size and forecast, by End Use Industry
6.3. Europe
6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast, by Technology
6.3.3. Market size and forecast, by End Use Industry
6.3.4. Market size and forecast, by country
6.3.4.1. Germany
6.3.4.1.1. Market size and forecast, by Technology
6.3.4.1.2. Market size and forecast, by End Use Industry
6.3.4.2. Italy
6.3.4.2.1. Market size and forecast, by Technology
6.3.4.2.2. Market size and forecast, by End Use Industry
6.3.4.3. Spain
6.3.4.3.1. Market size and forecast, by Technology
6.3.4.3.2. Market size and forecast, by End Use Industry
6.3.4.4. UK
6.3.4.4.1. Market size and forecast, by Technology
6.3.4.4.2. Market size and forecast, by End Use Industry
6.3.4.5. France
6.3.4.5.1. Market size and forecast, by Technology
6.3.4.5.2. Market size and forecast, by End Use Industry
6.3.4.6. Rest of Europe
6.3.4.6.1. Market size and forecast, by Technology
6.3.4.6.2. Market size and forecast, by End Use Industry
6.4. Asia-Pacific
6.4.1. Key market trends, growth factors and opportunities
6.4.2. Market size and forecast, by Technology
6.4.3. Market size and forecast, by End Use Industry
6.4.4. Market size and forecast, by country
6.4.4.1. China
6.4.4.1.1. Market size and forecast, by Technology
6.4.4.1.2. Market size and forecast, by End Use Industry
6.4.4.2. Japan
6.4.4.2.1. Market size and forecast, by Technology
6.4.4.2.2. Market size and forecast, by End Use Industry
6.4.4.3. India
6.4.4.3.1. Market size and forecast, by Technology
6.4.4.3.2. Market size and forecast, by End Use Industry
6.4.4.4. South Korea
6.4.4.4.1. Market size and forecast, by Technology
6.4.4.4.2. Market size and forecast, by End Use Industry
6.4.4.5. Rest of Asia-Pacific
6.4.4.5.1. Market size and forecast, by Technology
6.4.4.5.2. Market size and forecast, by End Use Industry
6.5. LAMEA
6.5.1. Key market trends, growth factors and opportunities
6.5.2. Market size and forecast, by Technology
6.5.3. Market size and forecast, by End Use Industry
6.5.4. Market size and forecast, by country
6.5.4.1. Brazil
6.5.4.1.1. Market size and forecast, by Technology
6.5.4.1.2. Market size and forecast, by End Use Industry
6.5.4.2. Saudi Arabia
6.5.4.2.1. Market size and forecast, by Technology
6.5.4.2.2. Market size and forecast, by End Use Industry
6.5.4.3. South Africa
6.5.4.3.1. Market size and forecast, by Technology
6.5.4.3.2. Market size and forecast, by End Use Industry
6.5.4.4. Rest of LAMEA
6.5.4.4.1. Market size and forecast, by Technology
6.5.4.4.2. Market size and forecast, by End Use Industry
CHAPTER 7: COMPETITIVE LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product mapping of top 10 player
7.4. Competitive dashboard
7.5. Competitive heatmap
7.6. Top player positioning, 2022
CHAPTER 8: COMPANY PROFILES
8.1. Acciona
8.1.1. Company overview
8.1.2. Key executives
8.1.3. Company snapshot
8.1.4. Operating business segments
8.1.5. Product portfolio
8.1.6. Business performance
8.1.7. Key strategic moves and developments
8.2. Aalborg CSP
8.2.1. Company overview
8.2.2. Key executives
8.2.3. Company snapshot
8.2.4. Operating business segments
8.2.5. Product portfolio
8.3. ACWA Power
8.3.1. Company overview
8.3.2. Key executives
8.3.3. Company snapshot
8.3.4. Operating business segments
8.3.5. Product portfolio
8.3.6. Business performance
8.3.7. Key strategic moves and developments
8.4. Atlantica Sustainable Infrastructure plc.
8.4.1. Company overview
8.4.2. Key executives
8.4.3. Company snapshot
8.4.4. Operating business segments
8.4.5. Product portfolio
8.4.6. Business performance
8.5. Brightsource
8.5.1. Company overview
8.5.2. Key executives
8.5.3. Company snapshot
8.5.4. Operating business segments
8.5.5. Product portfolio
8.6. FRENELL GMBH
8.6.1. Company overview
8.6.2. Key executives
8.6.3. Company snapshot
8.6.4. Operating business segments
8.6.5. Product portfolio
8.7. General Electric
8.7.1. Company overview
8.7.2. Key executives
8.7.3. Company snapshot
8.7.4. Operating business segments
8.7.5. Product portfolio
8.7.6. Business performance
8.7.7. Key strategic moves and developments
8.8. Rioglass Solar Inc.
8.8.1. Company overview
8.8.2. Key executives
8.8.3. Company snapshot
8.8.4. Operating business segments
8.8.5. Product portfolio
8.9. Sener
8.9.1. Company overview
8.9.2. Key executives
8.9.3. Company snapshot
8.9.4. Operating business segments
8.9.5. Product portfolio
8.10. Siemens Energy AG
8.10.1. Company overview
8.10.2. Key executives
8.10.3. Company snapshot
8.10.4. Operating business segments
8.10.5. Product portfolio
8.10.6. Business performance
8.10.7. Key strategic moves and developments
List of Tables
Table 01. Global Concentrated Solar Power Market, by Technology, 2022-2032 ($Million)
Table 02. Concentrated Solar Power Market for Parabolic Trough, by Region, 2022-2032 ($Million)
Table 03. Concentrated Solar Power Market for Solar Power Tower, by Region, 2022-2032 ($Million)
Table 04. Concentrated Solar Power Market for Fresnel Reflectors, by Region, 2022-2032 ($Million)
Table 05. Concentrated Solar Power Market for Dish Stirling, by Region, 2022-2032 ($Million)
Table 06. Global Concentrated Solar Power Market, by End Use Industry, 2022-2032 ($Million)
Table 07. Concentrated Solar Power Market for Residential, by Region, 2022-2032 ($Million)
Table 08. Concentrated Solar Power Market for Commercial, by Region, 2022-2032 ($Million)
Table 09. Concentrated Solar Power Market for Industrial, by Region, 2022-2032 ($Million)
Table 10. Concentrated Solar Power Market, by Region, 2022-2032 ($Million)
Table 11. North America Concentrated Solar Power Market, by Technology, 2022-2032 ($Million)
Table 12. North America Concentrated Solar Power Market, by End Use Industry, 2022-2032 ($Million)
Table 13. North America Concentrated Solar Power Market, by Country, 2022-2032 ($Million)
Table 14. U.S. Concentrated Solar Power Market, by Technology, 2022-2032 ($Million)
Table 15. U.S. Concentrated Solar Power Market, by End Use Industry, 2022-2032 ($Million)
Table 16. Canada Concentrated Solar Power Market, by Technology, 2022-2032 ($Million)
Table 17. Canada Concentrated Solar Power Market, by End Use Industry, 2022-2032 ($Million)
Table 18. Mexico Concentrated Solar Power Market, by Technology, 2022-2032 ($Million)
Table 19. Mexico Concentrated Solar Power Market, by End Use Industry, 2022-2032 ($Million)
Table 20. Europe Concentrated Solar Power Market, by Technology, 2022-2032 ($Million)
Table 21. Europe Concentrated Solar Power Market, by End Use Industry, 2022-2032 ($Million)
Table 22. Europe Concentrated Solar Power Market, by Country, 2022-2032 ($Million)
Table 23. Germany Concentrated Solar Power Market, by Technology, 2022-2032 ($Million)
Table 24. Germany Concentrated Solar Power Market, by End Use Industry, 2022-2032 ($Million)
Table 25. Italy Concentrated Solar Power Market, by Technology, 2022-2032 ($Million)
Table 26. Italy Concentrated Solar Power Market, by End Use Industry, 2022-2032 ($Million)
Table 27. Spain Concentrated Solar Power Market, by Technology, 2022-2032 ($Million)
Table 28. Spain Concentrated Solar Power Market, by End Use Industry, 2022-2032 ($Million)
Table 29. UK Concentrated Solar Power Market, by Technology, 2022-2032 ($Million)
Table 30. UK Concentrated Solar Power Market, by End Use Industry, 2022-2032 ($Million)
Table 31. France Concentrated Solar Power Market, by Technology, 2022-2032 ($Million)
Table 32. France Concentrated Solar Power Market, by End Use Industry, 2022-2032 ($Million)
Table 33. Rest of Europe Concentrated Solar Power Market, by Technology, 2022-2032 ($Million)
Table 34. Rest of Europe Concentrated Solar Power Market, by End Use Industry, 2022-2032 ($Million)
Table 35. Asia-Pacific Concentrated Solar Power Market, by Technology, 2022-2032 ($Million)
Table 36. Asia-Pacific Concentrated Solar Power Market, by End Use Industry, 2022-2032 ($Million)
Table 37. Asia-Pacific Concentrated Solar Power Market, by Country, 2022-2032 ($Million)
Table 38. China Concentrated Solar Power Market, by Technology, 2022-2032 ($Million)
Table 39. China Concentrated Solar Power Market, by End Use Industry, 2022-2032 ($Million)
Table 40. Japan Concentrated Solar Power Market, by Technology, 2022-2032 ($Million)
Table 41. Japan Concentrated Solar Power Market, by End Use Industry, 2022-2032 ($Million)
Table 42. India Concentrated Solar Power Market, by Technology, 2022-2032 ($Million)
Table 43. India Concentrated Solar Power Market, by End Use Industry, 2022-2032 ($Million)
Table 44. South Korea Concentrated Solar Power Market, by Technology, 2022-2032 ($Million)
Table 45. South Korea Concentrated Solar Power Market, by End Use Industry, 2022-2032 ($Million)
Table 46. Rest of Asia-Pacific Concentrated Solar Power Market, by Technology, 2022-2032 ($Million)
Table 47. Rest of Asia-Pacific Concentrated Solar Power Market, by End Use Industry, 2022-2032 ($Million)
Table 48. LAMEA Concentrated Solar Power Market, by Technology, 2022-2032 ($Million)
Table 49. LAMEA Concentrated Solar Power Market, by End Use Industry, 2022-2032 ($Million)
Table 50. LAMEA Concentrated Solar Power Market, by Country, 2022-2032 ($Million)
Table 51. Brazil Concentrated Solar Power Market, by Technology, 2022-2032 ($Million)
Table 52. Brazil Concentrated Solar Power Market, by End Use Industry, 2022-2032 ($Million)
Table 53. Saudi Arabia Concentrated Solar Power Market, by Technology, 2022-2032 ($Million)
Table 54. Saudi Arabia Concentrated Solar Power Market, by End Use Industry, 2022-2032 ($Million)
Table 55. South Africa Concentrated Solar Power Market, by Technology, 2022-2032 ($Million)
Table 56. South Africa Concentrated Solar Power Market, by End Use Industry, 2022-2032 ($Million)
Table 57. Rest of LAMEA Concentrated Solar Power Market, by Technology, 2022-2032 ($Million)
Table 58. Rest of LAMEA Concentrated Solar Power Market, by End Use Industry, 2022-2032 ($Million)
Table 59. Acciona: Key Executives
Table 60. Acciona: Company Snapshot
Table 61. Acciona: Service Segments
Table 62. Acciona: Product Portfolio
Table 63. Acciona: Key Strategies
Table 64. Aalborg Csp: Key Executives
Table 65. Aalborg Csp: Company Snapshot
Table 66. Aalborg Csp: Product Segments
Table 67. Aalborg Csp: Product Portfolio
Table 68. Acwa Power: Key Executives
Table 69. Acwa Power: Company Snapshot
Table 70. Acwa Power: Product Segments
Table 71. Acwa Power: Product Portfolio
Table 72. Acwa Power: Key Strategies
Table 73. Atlantica Sustainable Infrastructure PLC.: Key Executives
Table 74. Atlantica Sustainable Infrastructure PLC.: Company Snapshot
Table 75. Atlantica Sustainable Infrastructure PLC.: Product Segments
Table 76. Atlantica Sustainable Infrastructure PLC.: Product Portfolio
Table 77. Brightsource: Key Executives
Table 78. Brightsource: Company Snapshot
Table 79. Brightsource: Product Segments
Table 80. Brightsource: Product Portfolio
Table 81. Frenell GmbH: Key Executives
Table 82. Frenell GmbH: Company Snapshot
Table 83. Frenell GmbH: Product Segments
Table 84. Frenell GmbH: Service Segments
Table 85. Frenell GmbH: Product Portfolio
Table 86. General Electric: Key Executives
Table 87. General Electric: Company Snapshot
Table 88. General Electric: Product Segments
Table 89. General Electric: Product Portfolio
Table 90. General Electric: Key Strategies
Table 91. Rioglass Solar Inc.: Key Executives
Table 92. Rioglass Solar Inc.: Company Snapshot
Table 93. Rioglass Solar Inc.: Product Segments
Table 94. Rioglass Solar Inc.: Product Portfolio
Table 95. Sener: Key Executives
Table 96. Sener: Company Snapshot
Table 97. Sener: Product Segments
Table 98. Sener: Product Portfolio
Table 99. Siemens Energy AG: Key Executives
Table 100. Siemens Energy AG: Company Snapshot
Table 101. Siemens Energy AG: Product Segments
Table 102. Siemens Energy AG: Product Portfolio
Table 103. Siemens Energy AG: Key Strategies
List of Figures
Figure 01. Concentrated Solar Power Market, 2022-2032
Figure 02. Segmentation of Concentrated Solar Power Market,2022-2032
Figure 03. Top Impacting Factors in Concentrated Solar Power Market (2022 to 2032)
Figure 04. Top Investment Pockets in Concentrated Solar Power Market (2023-2032)
Figure 05. Moderate Bargaining Power of Suppliers
Figure 06. Moderate Threat of New Entrants
Figure 07. Low Threat of Substitutes
Figure 08. Moderate Intensity of Rivalry
Figure 09. Moderate Bargaining Power of Buyers
Figure 10. Global Concentrated Solar Power Market:Drivers, Restraints and Opportunities
Figure 11. Impact of Key Regulation: Concentrated Solar Power Market
Figure 12. Patent Analysis by Company
Figure 13. Patent Analysis by Country
Figure 14. Concentrated Solar Power Market, by Technology, 2022 and 2032(%)
Figure 15. Comparative Share Analysis of Concentrated Solar Power Market for Parabolic Trough, by Country 2022 and 2032(%)
Figure 16. Comparative Share Analysis of Concentrated Solar Power Market for Solar Power Tower, by Country 2022 and 2032(%)
Figure 17. Comparative Share Analysis of Concentrated Solar Power Market for Fresnel Reflectors, by Country 2022 and 2032(%)
Figure 18. Comparative Share Analysis of Concentrated Solar Power Market for Dish Stirling, by Country 2022 and 2032(%)
Figure 19. Concentrated Solar Power Market, by End Use Industry, 2022 and 2032(%)
Figure 20. Comparative Share Analysis of Concentrated Solar Power Market for Residential, by Country 2022 and 2032(%)
Figure 21. Comparative Share Analysis of Concentrated Solar Power Market for Commercial, by Country 2022 and 2032(%)
Figure 22. Comparative Share Analysis of Concentrated Solar Power Market for Industrial, by Country 2022 and 2032(%)
Figure 23. Concentrated Solar Power Market by Region, 2022 and 2032(%)
Figure 24. U.S. Concentrated Solar Power Market, 2022-2032 ($Million)
Figure 25. Canada Concentrated Solar Power Market, 2022-2032 ($Million)
Figure 26. Mexico Concentrated Solar Power Market, 2022-2032 ($Million)
Figure 27. Germany Concentrated Solar Power Market, 2022-2032 ($Million)
Figure 28. Italy Concentrated Solar Power Market, 2022-2032 ($Million)
Figure 29. Spain Concentrated Solar Power Market, 2022-2032 ($Million)
Figure 30. UK Concentrated Solar Power Market, 2022-2032 ($Million)
Figure 31. France Concentrated Solar Power Market, 2022-2032 ($Million)
Figure 32. Rest of Europe Concentrated Solar Power Market, 2022-2032 ($Million)
Figure 33. China Concentrated Solar Power Market, 2022-2032 ($Million)
Figure 34. Japan Concentrated Solar Power Market, 2022-2032 ($Million)
Figure 35. India Concentrated Solar Power Market, 2022-2032 ($Million)
Figure 36. South Korea Concentrated Solar Power Market, 2022-2032 ($Million)
Figure 37. Rest of Asia-Pacific Concentrated Solar Power Market, 2022-2032 ($Million)
Figure 38. Brazil Concentrated Solar Power Market, 2022-2032 ($Million)
Figure 39. Saudi Arabia Concentrated Solar Power Market, 2022-2032 ($Million)
Figure 40. South Africa Concentrated Solar Power Market, 2022-2032 ($Million)
Figure 41. Rest of LAMEA Concentrated Solar Power Market, 2022-2032 ($Million)
Figure 42. Top Winning Strategies, by Year (2022-2023)
Figure 43. Top Winning Strategies, by Development (2022-2023)
Figure 44. Top Winning Strategies, by Company (2022-2023)
Figure 45. Product Mapping of Top 10 Players
Figure 46. Competitive Dashboard
Figure 47. Competitive Heatmap: Concentrated Solar Power Market
Figure 48. Top Player Positioning, 2022
Figure 49. Acciona: Net Revenue, 2020-2022 ($Million)
Figure 50. Acciona: Revenue Share by Segment, 2022 (%)
Figure 51. Acwa Power: Net Revenue, 2020-2022 ($Million)
Figure 52. Acwa Power: Revenue Share by Segment, 2022 (%)
Figure 53. Acwa Power: Revenue Share by Region, 2022 (%)
Figure 54. Atlantica Sustainable Infrastructure PLC.: Net Revenue, 2020-2022 ($Million)
Figure 55. Atlantica Sustainable Infrastructure PLC.: Revenue Share by Region, 2022 (%)
Figure 56. General Electric: Net Revenue, 2020-2022 ($Million)
Figure 57. General Electric: Research & Development Expenditure, 2020-2022 ($Million)
Figure 58. General Electric: Revenue Share by Segment, 2022 (%)
Figure 59. General Electric: Revenue Share by Region, 2022 (%)
Figure 60. Siemens Energy AG: Net Sales, 2020-2022 ($Million)
Figure 61. Siemens Energy AG: Research & Development Expenditure, 2020-2022 ($Million)
Figure 62. Siemens Energy AG: Revenue Share by Segment, 2022 (%)
Figure 63. Siemens Energy AG: Revenue Share by Region, 2022 (%)

Samples

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Executive Summary

Concentrated Solar Power (CSP) Market Report, forecasts that the global Concentrated Solar Power market was valued at $ 3,793.0 million in 2018 and is projected to reach $ 8,046.7 million by 2026, growing at a CAGR of 10.3% from 2019 to 2026. The MEA region accounted for nearly 21.0% market share in 2018.

CSP is generated in plants that utilize mirrors to focus the sun's energy on panel to create electricity or drive traditional steam turbines or engines. The thermal energy focused in a CSP plant can be used and stored to produce electricity when needed. Growing government support to adopt renewable technologies is expected to boost the demand for concentrated solar power plant. Rise in energy demand & concentrated solar power capability to supply dispatchable power also drives the growth of the market.

Growth in environmental issues based on carbon emissions results in focus to decrease air pollution. This in turn raise demand for renewable energy such as solar energy. Thus, these factors are also anticipated to support the expansion of the market. However, high cost experienced during Concentrated Solar Power energy production restraints the market growth during the forecast period. Moreover, rise in investment from different industries in renewable sources provide lucrative opportunity for the market growth.

The report segments the concentrated solar power market on the basis of technology, end user industry, and region. Based on technology, the market is divided into parabolic trough, solar power tower, Fresnel reflectors, and dish Stirling. Based on technology, the parabolic trough segment dominated the market in 2017, owing to growing demand of electricity generation from parabolic trough technology.
On the basis of end user industry, the market is classified into residential, commercial, and industrial. Based on end use industry, the industrial segment is expected to grow with the highest CAGR during the forecast period.

By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Based on region, Europe holds a dominant position in the global concentrated solar power market share and MEA is attributed to be the fastest growing region. The Asia-Pacific concentrated solar power market offers lucrative opportunities for key manufacturers, owing to rapid installation capacity of solar energy to increase renewable generation. In addition, China is actively boosting the growth of the market to cope up with its severe pollution problems and develop its domestic manufacturing industry. Furthermore, availability of low labor has led to increase in energy production through concentrated solar power, which fuels the growth of the market.

The key players contributing in the global concentrated solar power market growth include Abengoa, Acciona, SolarReserve, BrightSource Energy, ACWA Power, GE Energy, Suntrace, SCHOTT, Frennel GMBH, and Siemens.

Key Findings of Concentrated Solar Power Market:

The Industrial segment of concentrated solar powers market is predicted to grow with a CAGR 10.6% during 2019-2026.
The Solar Power Tower segment is expected to grow with the highest CAGR in the global Concentrated Solar Power market size in terms of revenue, over the projected period.
The Europe region held a share of over 41% in 2018 and is projected to grow to 10.1% by 2026.
The qualitative data in the report aims on the concentrated solar power market trends, dynamics, and developments in the concentrated solar power industry while the quantitative data provide information of the size in terms of revenue.

Companies Mentioned

  • Siemens Energy AG
  • FRENELL GMBH
  • ACWA Power
  • Acciona
  • Atlantica Sustainable Infrastructure plc.
  • Brightsource
  • Rioglass Solar Inc.
  • General Electric
  • Aalborg CSP
  • Sener

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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Table Information