The Global Concentrated Solar Power Market is estimated to be worth USD 5.6 Billion in 2020 and is expected to reach USD 9.23 Billion by 2025, growing at a CAGR of 10.5%.
The limited supply of fossil hydrocarbon resources and increasing CO2 emission impact on the environment has promoted the adoption of renewable technologies. Increasing pollution via conventional power plants and growing awareness of global warming are major factors driving the growth of the CSP market. However, high costs for installation and special requirements for plant areas such as availability of large area, water resource, high solar radiation area, and proximate transmission access are expected to hinder the market growth
Increasing investment in R&D for CSP to improve efficacy, reduce cost and address environmental impacts is anticipated to create opportunities for the market. Furthermore, government initiatives in renewable technologies are expected to propel market growth in the future. For instance, in 2019, the US department of energy announced around $30 million for 7 to 18 projects in the development of CSP .
The Global Concentrated Solar Power Market is segmented based on Technology, Application, and Geography.
Some of the companies covered in this report are Abengoa, SA, Acciona SA, ACWA Power, BrightSource Energy, Inc., Engie SA, eSolar Inc., Ibereolica Group, Noy Fund, SENER Grupo de Ingeniería, S.A., SolarReserve, Torresol Energy, TSK Flagsol Engineering GmbH, etc.
The report includes the Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
The report offers a comprehensive evaluation of the Global Concentrated Solar Power Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel within the industry.
The report includes an in-depth market analysis using Porter’s 5 force model and the Ansoff Matrix. The impact of COVID-19 on the market is also featured in the report.
The report also includes the regulatory scenario of the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules & regulations imposed on this sector across various geographies.
The report also contains the competitive analysis using Positioning Quadrants, the analyst's proprietary competitive positioning tool.
Market Dynamics
The limited supply of fossil hydrocarbon resources and increasing CO2 emission impact on the environment has promoted the adoption of renewable technologies. Increasing pollution via conventional power plants and growing awareness of global warming are major factors driving the growth of the CSP market. However, high costs for installation and special requirements for plant areas such as availability of large area, water resource, high solar radiation area, and proximate transmission access are expected to hinder the market growth
Increasing investment in R&D for CSP to improve efficacy, reduce cost and address environmental impacts is anticipated to create opportunities for the market. Furthermore, government initiatives in renewable technologies are expected to propel market growth in the future. For instance, in 2019, the US department of energy announced around $30 million for 7 to 18 projects in the development of CSP .
Market Segmentation
The Global Concentrated Solar Power Market is segmented based on Technology, Application, and Geography.
- By Technology, the market is classified as parabolic trough, compact linear fresnel reflector, power tower, dish-engine residential and commercial. Amongst all, the power tower segment is estimated to hold the highest market share.
- By Application, the market is classified as a utility, EOR, water desalination, others. Amongst all, the utility segment is estimated to hold the highest market share.
- By Geography, North America is projected to lead the market.
Recent Developments
- The Cerro Dominator solar thermal plant built by Abengoa and Acciona completed the salt fusion milestone. - 25th May 2020
- Aalborg CSP to Retrofit Coal Plants into Thermal Energy Storage. - 28th January 2021
Company Profiles
Some of the companies covered in this report are Abengoa, SA, Acciona SA, ACWA Power, BrightSource Energy, Inc., Engie SA, eSolar Inc., Ibereolica Group, Noy Fund, SENER Grupo de Ingeniería, S.A., SolarReserve, Torresol Energy, TSK Flagsol Engineering GmbH, etc.
Competitive Quadrant
The report includes the Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Why buy this report?
The report offers a comprehensive evaluation of the Global Concentrated Solar Power Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel within the industry.
The report includes an in-depth market analysis using Porter’s 5 force model and the Ansoff Matrix. The impact of COVID-19 on the market is also featured in the report.
The report also includes the regulatory scenario of the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules & regulations imposed on this sector across various geographies.
The report also contains the competitive analysis using Positioning Quadrants, the analyst's proprietary competitive positioning tool.
Report Highlights
- A complete analysis of the market, including parent industry
- Important market dynamics and trends
- Market segmentation
- Historical, current, and projected size of the market based on value and volume
- Market shares and strategies of key players
- Recommendations to companies for strengthening their foothold in the market
Frequently Asked Questions about the Global Concentrated Solar Power Market
What is the estimated value of the Global Concentrated Solar Power Market?
What is the growth rate of the Global Concentrated Solar Power Market?
What is the forecasted size of the Global Concentrated Solar Power Market?
Who are the key companies in the Global Concentrated Solar Power Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 182 |
| Published | March 2021 |
| Forecast Period | 2021 - 2026 |
| Estimated Market Value ( USD | $ 5600 Million |
| Forecasted Market Value ( USD | $ 9230 Million |
| Compound Annual Growth Rate | 10.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 20 |
Table of Contents
1 Report Description
2 Research Methodology
3 Executive Summary
4 Market Influencers
5 Market Analysis
6 Global Concentrated Solar Power Market, By Technology
7 Global Concentrated Solar Power Market, By Application
8 Global Concentrated Solar Power Market, By Geography
9 Competitive Landscape
10 Company Profiles
11 Appendix
Companies Mentioned
- Abengo. S.A.
- Acciona SA
- ACWA Power
- Areva Solar
- BrightSource Energ. Inc.
- EIG Global Energy Partners
- Engie SA
- eSolar Inc.
- GDF SUEZ
- General Electric
- Ibereolica Group
- Noy Fund
- Royal Tech CSP Limited
- SENER Grupo de Ingenierí. S.A.
- Shanghai Electric
- Shikun & Binui Ltd.
- SkyFuel Inc.
- SolarReserve
- Torresol Energy
- TSK Flagsol Engineering GmbH
