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Solar Concentrator Market by Type, Technology, Application, End-use: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 272 Pages
  • December 2022
  • Region: Global
  • Allied Market Research
  • ID: 5743652
The global solar concentrator market was valued at $5.2 billion in 2021 and is projected to reach $24.6 billion by 2031, registering a CAGR of 16.8% from 2022 to 2031.

Solar concentrators are devices that collect solar radiation and concentrate at a single focal point. The devices are mainly comprised of a series of lens or mirror assemblies, heat receivers, and a tracking system.

The economic progress around the world has led to various changes, such as improvements in life support and health, access to goods and a wide variety of foods, hundreds of millions of jobs created, and others which are particularly noticeable in emerging economies. The backbone of all these developments in industrialization, globalization, and market expansion is the energy sector. Being the power source metric of civilization, world energy consumption has profound repercussions for the socioeconomic development of society as energy, population, and urbanization are dependent on each other. The increase in awareness among the people regarding the negative impact on the environment due to conventional power generation and thermal heating sources and the increase in innovation and development of commercial technologies which are sustainable have a great impact on solar thermal products. The above-mentioned positive factors are the major reason for the growth of the solar concentrator market.

Steam produced from the burning of coal, oil, and natural gas is cheaper than steam produced from solar thermal energy. The start-up costs of solar thermal energy devices are usually higher because of the greater expense per unit of energy generated. However, solar thermal energy lacks a feedstock demand, which led to increased investment to optimize solar thermal technology. Solar thermal devices cannot generate energy with consistency as most fossil fuels and cannot produce solar energy during cloudy days, or after dark. Hence making it an unreliable source of energy; furthermore, unlike fossil fuels, the energy produced from solar thermal cannot be easily stored. The above-mentioned factors will hamper the development of the market.

The solar concentrator market is segmented on the basis of type, technology, application, end use, and region. By type, the market is divided into cylindrical parabolic, paraboloid revolution, and others, By technology, the market is divided into solar power towers, linear concentrating systems, and dish sterling technology. By application, it is divided into electricity generation, heating fluids, and others. By end use, it is divided into residential, commercial, and industrial. By region, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA.

IMPACT OF COVID-19 ON THE GLOBAL SOLAR CONCENTRATOR MARKET

The COVID-19 pandemic led to a decline in the demand for the solar concentrator market due to a decline in the demand for power generation across the globe. In addition, the shutdown of manufacturing industries and the demand for power from various industries have a significant impact on the market.

Furthermore, the outbreak of the pandemic has created awareness among the people regarding the advantages of the utilization of solar concentrators for power generation and as a power source for the desalination in LAMEA region which has driven the growth of the global solar concentrator market.

Competitive Landscape

Key players in the solar concentrator industry Acciona SA, Abors Green GmbH, Siemens AG, Abengoa Solar GmbH, Trivelli Energia, Bright Source, Solar Reserve, Torresol Energy, Clique Solar, and ACWA Power. These players have adopted various strategies to gain a higher share or retain leading positions in the market.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the solar concentrator market analysis from 2021 to 2031 to identify the prevailing solar concentrator 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 solar concentrator market 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 solar concentrator market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Application

  • Electricity Generation
  • Heating Fluids
  • Others

By Type

  • Cylindrical Parabolic (2D Hubs)
  • Paraboloid Revolution (3D Hubs)
  • Others

By Technology

  • Solar Power Towers
  • Linear Concentrating Systems
  • Dish Sterling Technology

By End Use

  • 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

  • Brightsource
  • Siemens AG
  • Solar Reserve
  • Abors Green GmbH
  • Trivelli Energia
  • Acciona SA
  • Torresol Energy
  • Clique Solar
  • Abengoa Solar GmbH
  • ACWA Power

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 bargaining power of buyers
3.3.3. Moderate threat of substitutes
3.3.4. Moderate threat of new entrants
3.3.5. Moderate intensity of rivalry
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Increase in clean energy demand
3.4.1.2. Rapid expansion of the infrastructure industry
3.4.2. Restraints
3.4.2.1. High cost, presence of inconsistency, and problems related to storage technology
3.4.3. Opportunities
3.4.3.1. Increasing government initiatives to shift towards sustainable energy sources
3.5. COVID-19 Impact Analysis on the market
3.6. Key Regulation Analysis
3.7. Value Chain Analysis

CHAPTER 4: SOLAR CONCENTRATOR MARKET, BY TYPE
4.1. Overview
4.1.1. Market size and forecast
4.2. Cylindrical Parabolic (2D Hubs)
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. Paraboloid Revolution (3D Hubs)
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. Others
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

CHAPTER 5: SOLAR CONCENTRATOR MARKET, BY TECHNOLOGY
5.1. Overview
5.1.1. Market size and forecast
5.2. Solar Power Towers
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. Linear Concentrating Systems
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. Dish Sterling Technology
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: SOLAR CONCENTRATOR MARKET, BY APPLICATION
6.1. Overview
6.1.1. Market size and forecast
6.2. Electricity Generation
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market share analysis by country
6.3. Heating Fluids
6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market share analysis by country
6.4. Others
6.4.1. Key market trends, growth factors and opportunities
6.4.2. Market size and forecast, by region
6.4.3. Market share analysis by country

CHAPTER 7: SOLAR CONCENTRATOR MARKET, BY END USE
7.1. Overview
7.1.1. Market size and forecast
7.2. Residential
7.2.1. Key market trends, growth factors and opportunities
7.2.2. Market size and forecast, by region
7.2.3. Market share analysis by country
7.3. Commercial
7.3.1. Key market trends, growth factors and opportunities
7.3.2. Market size and forecast, by region
7.3.3. Market share analysis by country
7.4. Industrial
7.4.1. Key market trends, growth factors and opportunities
7.4.2. Market size and forecast, by region
7.4.3. Market share analysis by country

CHAPTER 8: SOLAR CONCENTRATOR MARKET, BY REGION
8.1. Overview
8.1.1. Market size and forecast By Region
8.2. North America
8.2.1. Key trends and opportunities
8.2.2. Market size and forecast, by Type
8.2.3. Market size and forecast, by Technology
8.2.4. Market size and forecast, by Application
8.2.5. Market size and forecast, by End Use
8.2.6. Market size and forecast, by country
8.2.6.1. U.S.
8.2.6.1.1. Key market trends, growth factors and opportunities
8.2.6.1.2. Market size and forecast, by Type
8.2.6.1.3. Market size and forecast, by Technology
8.2.6.1.4. Market size and forecast, by Application
8.2.6.1.5. Market size and forecast, by End Use
8.2.6.2. Canada
8.2.6.2.1. Key market trends, growth factors and opportunities
8.2.6.2.2. Market size and forecast, by Type
8.2.6.2.3. Market size and forecast, by Technology
8.2.6.2.4. Market size and forecast, by Application
8.2.6.2.5. Market size and forecast, by End Use
8.2.6.3. Mexico
8.2.6.3.1. Key market trends, growth factors and opportunities
8.2.6.3.2. Market size and forecast, by Type
8.2.6.3.3. Market size and forecast, by Technology
8.2.6.3.4. Market size and forecast, by Application
8.2.6.3.5. Market size and forecast, by End Use
8.3. Europe
8.3.1. Key trends and opportunities
8.3.2. Market size and forecast, by Type
8.3.3. Market size and forecast, by Technology
8.3.4. Market size and forecast, by Application
8.3.5. Market size and forecast, by End Use
8.3.6. Market size and forecast, by country
8.3.6.1. Germany
8.3.6.1.1. Key market trends, growth factors and opportunities
8.3.6.1.2. Market size and forecast, by Type
8.3.6.1.3. Market size and forecast, by Technology
8.3.6.1.4. Market size and forecast, by Application
8.3.6.1.5. Market size and forecast, by End Use
8.3.6.2. Italy
8.3.6.2.1. Key market trends, growth factors and opportunities
8.3.6.2.2. Market size and forecast, by Type
8.3.6.2.3. Market size and forecast, by Technology
8.3.6.2.4. Market size and forecast, by Application
8.3.6.2.5. Market size and forecast, by End Use
8.3.6.3. Spain
8.3.6.3.1. Key market trends, growth factors and opportunities
8.3.6.3.2. Market size and forecast, by Type
8.3.6.3.3. Market size and forecast, by Technology
8.3.6.3.4. Market size and forecast, by Application
8.3.6.3.5. Market size and forecast, by End Use
8.3.6.4. UK
8.3.6.4.1. Key market trends, growth factors and opportunities
8.3.6.4.2. Market size and forecast, by Type
8.3.6.4.3. Market size and forecast, by Technology
8.3.6.4.4. Market size and forecast, by Application
8.3.6.4.5. Market size and forecast, by End Use
8.3.6.5. France
8.3.6.5.1. Key market trends, growth factors and opportunities
8.3.6.5.2. Market size and forecast, by Type
8.3.6.5.3. Market size and forecast, by Technology
8.3.6.5.4. Market size and forecast, by Application
8.3.6.5.5. Market size and forecast, by End Use
8.3.6.6. Rest of Europe
8.3.6.6.1. Key market trends, growth factors and opportunities
8.3.6.6.2. Market size and forecast, by Type
8.3.6.6.3. Market size and forecast, by Technology
8.3.6.6.4. Market size and forecast, by Application
8.3.6.6.5. Market size and forecast, by End Use
8.4. Asia-Pacific
8.4.1. Key trends and opportunities
8.4.2. Market size and forecast, by Type
8.4.3. Market size and forecast, by Technology
8.4.4. Market size and forecast, by Application
8.4.5. Market size and forecast, by End Use
8.4.6. Market size and forecast, by country
8.4.6.1. China
8.4.6.1.1. Key market trends, growth factors and opportunities
8.4.6.1.2. Market size and forecast, by Type
8.4.6.1.3. Market size and forecast, by Technology
8.4.6.1.4. Market size and forecast, by Application
8.4.6.1.5. Market size and forecast, by End Use
8.4.6.2. Japan
8.4.6.2.1. Key market trends, growth factors and opportunities
8.4.6.2.2. Market size and forecast, by Type
8.4.6.2.3. Market size and forecast, by Technology
8.4.6.2.4. Market size and forecast, by Application
8.4.6.2.5. Market size and forecast, by End Use
8.4.6.3. India
8.4.6.3.1. Key market trends, growth factors and opportunities
8.4.6.3.2. Market size and forecast, by Type
8.4.6.3.3. Market size and forecast, by Technology
8.4.6.3.4. Market size and forecast, by Application
8.4.6.3.5. Market size and forecast, by End Use
8.4.6.4. South Korea
8.4.6.4.1. Key market trends, growth factors and opportunities
8.4.6.4.2. Market size and forecast, by Type
8.4.6.4.3. Market size and forecast, by Technology
8.4.6.4.4. Market size and forecast, by Application
8.4.6.4.5. Market size and forecast, by End Use
8.4.6.5. Rest of Asia-Pacific
8.4.6.5.1. Key market trends, growth factors and opportunities
8.4.6.5.2. Market size and forecast, by Type
8.4.6.5.3. Market size and forecast, by Technology
8.4.6.5.4. Market size and forecast, by Application
8.4.6.5.5. Market size and forecast, by End Use
8.5. LAMEA
8.5.1. Key trends and opportunities
8.5.2. Market size and forecast, by Type
8.5.3. Market size and forecast, by Technology
8.5.4. Market size and forecast, by Application
8.5.5. Market size and forecast, by End Use
8.5.6. Market size and forecast, by country
8.5.6.1. Brazil
8.5.6.1.1. Key market trends, growth factors and opportunities
8.5.6.1.2. Market size and forecast, by Type
8.5.6.1.3. Market size and forecast, by Technology
8.5.6.1.4. Market size and forecast, by Application
8.5.6.1.5. Market size and forecast, by End Use
8.5.6.2. Saudi Arabia
8.5.6.2.1. Key market trends, growth factors and opportunities
8.5.6.2.2. Market size and forecast, by Type
8.5.6.2.3. Market size and forecast, by Technology
8.5.6.2.4. Market size and forecast, by Application
8.5.6.2.5. Market size and forecast, by End Use
8.5.6.3. South Africa
8.5.6.3.1. Key market trends, growth factors and opportunities
8.5.6.3.2. Market size and forecast, by Type
8.5.6.3.3. Market size and forecast, by Technology
8.5.6.3.4. Market size and forecast, by Application
8.5.6.3.5. Market size and forecast, by End Use
8.5.6.4. Rest of LAMEA
8.5.6.4.1. Key market trends, growth factors and opportunities
8.5.6.4.2. Market size and forecast, by Type
8.5.6.4.3. Market size and forecast, by Technology
8.5.6.4.4. Market size and forecast, by Application
8.5.6.4.5. Market size and forecast, by End Use

CHAPTER 9: COMPETITIVE LANDSCAPE
9.1. Introduction
9.2. Top winning strategies
9.3. Product Mapping of Top 10 Player
9.4. Competitive Dashboard
9.5. Competitive Heatmap
9.6. Top player positioning, 2021

CHAPTER 10: COMPANY PROFILES
10.1. Brightsource
10.1.1. Company overview
10.1.2. Key Executives
10.1.3. Company snapshot
10.1.4. Operating business segments
10.1.5. Product portfolio
10.2. Solar Reserve
10.2.1. Company overview
10.2.2. Key Executives
10.2.3. Company snapshot
10.2.4. Operating business segments
10.2.5. Product portfolio
10.3. Siemens AG
10.3.1. Company overview
10.3.2. Key Executives
10.3.3. Company snapshot
10.3.4. Operating business segments
10.3.5. Product portfolio
10.3.6. Business performance
10.4. Abors Green GmbH
10.4.1. Company overview
10.4.2. Key Executives
10.4.3. Company snapshot
10.4.4. Operating business segments
10.4.5. Product portfolio
10.5. Trivelli Energia
10.5.1. Company overview
10.5.2. Key Executives
10.5.3. Company snapshot
10.5.4. Operating business segments
10.5.5. Product portfolio
10.5.6. Key strategic moves and developments
10.6. Acciona SA
10.6.1. Company overview
10.6.2. Key Executives
10.6.3. Company snapshot
10.6.4. Operating business segments
10.6.5. Product portfolio
10.6.6. Business performance
10.7. Abengoa Solar GmbH
10.7.1. Company overview
10.7.2. Key Executives
10.7.3. Company snapshot
10.7.4. Operating business segments
10.7.5. Product portfolio
10.7.6. Business performance
10.8. Torresol Energy
10.8.1. Company overview
10.8.2. Key Executives
10.8.3. Company snapshot
10.8.4. Operating business segments
10.8.5. Product portfolio
10.9. Clique Solar
10.9.1. Company overview
10.9.2. Key Executives
10.9.3. Company snapshot
10.9.4. Operating business segments
10.9.5. Product portfolio
10.10. ACWA Power
10.10.1. Company overview
10.10.2. Key Executives
10.10.3. Company snapshot
10.10.4. Operating business segments
10.10.5. Product portfolio
10.10.6. Business performance

List of Tables
Table 01. Global Solar Concentrator Market, by Type, 2021-2031 (Revenue, $Million)
Table 02. Solar Concentrator Market for Cylindrical Parabolic (2D Hubs), by Region, 2021-2031 (Revenue, $Million)
Table 03. Solar Concentrator Market for Paraboloid Revolution (3D Hubs), by Region, 2021-2031 (Revenue, $Million)
Table 04. Solar Concentrator Market for Others, by Region, 2021-2031 (Revenue, $Million)
Table 05. Global Solar Concentrator Market, by Technology, 2021-2031 (Revenue, $Million)
Table 06. Solar Concentrator Market for Solar Power Towers, by Region, 2021-2031 (Revenue, $Million)
Table 07. Solar Concentrator Market for Linear Concentrating Systems, by Region, 2021-2031 (Revenue, $Million)
Table 08. Solar Concentrator Market for Dish Sterling Technology, by Region, 2021-2031 (Revenue, $Million)
Table 09. Global Solar Concentrator Market, by Application, 2021-2031 (Revenue, $Million)
Table 10. Solar Concentrator Market for Electricity Generation, by Region, 2021-2031 (Revenue, $Million)
Table 11. Solar Concentrator Market for Heating Fluids, by Region, 2021-2031 (Revenue, $Million)
Table 12. Solar Concentrator Market for Others, by Region, 2021-2031 (Revenue, $Million)
Table 13. Global Solar Concentrator Market, by End Use, 2021-2031 (Revenue, $Million)
Table 14. Solar Concentrator Market for Residential, by Region, 2021-2031 (Revenue, $Million)
Table 15. Solar Concentrator Market for Commercial, by Region, 2021-2031 (Revenue, $Million)
Table 16. Solar Concentrator Market for Industrial, by Region, 2021-2031 (Revenue, $Million)
Table 17. Solar Concentrator Market, by Region, 2021-2031 (Revenue, $Million)
Table 18. North America Solar Concentrator Market, by Type, 2021-2031 (Revenue, $Million)
Table 19. North America Solar Concentrator Market, by Technology, 2021-2031 (Revenue, $Million)
Table 20. North America Solar Concentrator Market, by Application, 2021-2031 (Revenue, $Million)
Table 21. North America Solar Concentrator Market, by End Use, 2021-2031 (Revenue, $Million)
Table 22. North America Solar Concentrator Market, by Country, 2021-2031 (Revenue, $Million)
Table 23. U.S. Solar Concentrator Market, by Type, 2021-2031 (Revenue, $Million)
Table 24. U.S. Solar Concentrator Market, by Technology, 2021-2031 (Revenue, $Million)
Table 25. U.S. Solar Concentrator Market, by Application, 2021-2031 (Revenue, $Million)
Table 26. U.S. Solar Concentrator Market, by End Use, 2021-2031 (Revenue, $Million)
Table 27. Canada Solar Concentrator Market, by Type, 2021-2031 (Revenue, $Million)
Table 28. Canada Solar Concentrator Market, by Technology, 2021-2031 (Revenue, $Million)
Table 29. Canada Solar Concentrator Market, by Application, 2021-2031 (Revenue, $Million)
Table 30. Canada Solar Concentrator Market, by End Use, 2021-2031 (Revenue, $Million)
Table 31. Mexico Solar Concentrator Market, by Type, 2021-2031 (Revenue, $Million)
Table 32. Mexico Solar Concentrator Market, by Technology, 2021-2031 (Revenue, $Million)
Table 33. Mexico Solar Concentrator Market, by Application, 2021-2031 (Revenue, $Million)
Table 34. Mexico Solar Concentrator Market, by End Use, 2021-2031 (Revenue, $Million)
Table 35. Europe Solar Concentrator Market, by Type, 2021-2031 (Revenue, $Million)
Table 36. Europe Solar Concentrator Market, by Technology, 2021-2031 (Revenue, $Million)
Table 37. Europe Solar Concentrator Market, by Application, 2021-2031 (Revenue, $Million)
Table 38. Europe Solar Concentrator Market, by End Use, 2021-2031 (Revenue, $Million)
Table 39. Europe Solar Concentrator Market, by Country, 2021-2031 (Revenue, $Million)
Table 40. Germany Solar Concentrator Market, by Type, 2021-2031 (Revenue, $Million)
Table 41. Germany Solar Concentrator Market, by Technology, 2021-2031 (Revenue, $Million)
Table 42. Germany Solar Concentrator Market, by Application, 2021-2031 (Revenue, $Million)
Table 43. Germany Solar Concentrator Market, by End Use, 2021-2031 (Revenue, $Million)
Table 44. Italy Solar Concentrator Market, by Type, 2021-2031 (Revenue, $Million)
Table 45. Italy Solar Concentrator Market, by Technology, 2021-2031 (Revenue, $Million)
Table 46. Italy Solar Concentrator Market, by Application, 2021-2031 (Revenue, $Million)
Table 47. Italy Solar Concentrator Market, by End Use, 2021-2031 (Revenue, $Million)
Table 48. Spain Solar Concentrator Market, by Type, 2021-2031 (Revenue, $Million)
Table 49. Spain Solar Concentrator Market, by Technology, 2021-2031 (Revenue, $Million)
Table 50. Spain Solar Concentrator Market, by Application, 2021-2031 (Revenue, $Million)
Table 51. Spain Solar Concentrator Market, by End Use, 2021-2031 (Revenue, $Million)
Table 52. UK Solar Concentrator Market, by Type, 2021-2031 (Revenue, $Million)
Table 53. UK Solar Concentrator Market, by Technology, 2021-2031 (Revenue, $Million)
Table 54. UK Solar Concentrator Market, by Application, 2021-2031 (Revenue, $Million)
Table 55. UK Solar Concentrator Market, by End Use, 2021-2031 (Revenue, $Million)
Table 56. France Solar Concentrator Market, by Type, 2021-2031 (Revenue, $Million)
Table 57. France Solar Concentrator Market, by Technology, 2021-2031 (Revenue, $Million)
Table 58. France Solar Concentrator Market, by Application, 2021-2031 (Revenue, $Million)
Table 59. France Solar Concentrator Market, by End Use, 2021-2031 (Revenue, $Million)
Table 60. Rest of Europe Solar Concentrator Market, by Type, 2021-2031 (Revenue, $Million)
Table 61. Rest of Europe Solar Concentrator Market, by Technology, 2021-2031 (Revenue, $Million)
Table 62. Rest of Europe Solar Concentrator Market, by Application, 2021-2031 (Revenue, $Million)
Table 63. Rest of Europe Solar Concentrator Market, by End Use, 2021-2031 (Revenue, $Million)
Table 64. Asia-Pacific Solar Concentrator Market, by Type, 2021-2031 (Revenue, $Million)
Table 65. Asia-Pacific Solar Concentrator Market, by Technology, 2021-2031 (Revenue, $Million)
Table 66. Asia-Pacific Solar Concentrator Market, by Application, 2021-2031 (Revenue, $Million)
Table 67. Asia-Pacific Solar Concentrator Market, by End Use, 2021-2031 (Revenue, $Million)
Table 68. Asia-Pacific Solar Concentrator Market, by Country, 2021-2031 (Revenue, $Million)
Table 69. China Solar Concentrator Market, by Type, 2021-2031 (Revenue, $Million)
Table 70. China Solar Concentrator Market, by Technology, 2021-2031 (Revenue, $Million)
Table 71. China Solar Concentrator Market, by Application, 2021-2031 (Revenue, $Million)
Table 72. China Solar Concentrator Market, by End Use, 2021-2031 (Revenue, $Million)
Table 73. Japan Solar Concentrator Market, by Type, 2021-2031 (Revenue, $Million)
Table 74. Japan Solar Concentrator Market, by Technology, 2021-2031 (Revenue, $Million)
Table 75. Japan Solar Concentrator Market, by Application, 2021-2031 (Revenue, $Million)
Table 76. Japan Solar Concentrator Market, by End Use, 2021-2031 (Revenue, $Million)
Table 77. India Solar Concentrator Market, by Type, 2021-2031 (Revenue, $Million)
Table 78. India Solar Concentrator Market, by Technology, 2021-2031 (Revenue, $Million)
Table 79. India Solar Concentrator Market, by Application, 2021-2031 (Revenue, $Million)
Table 80. India Solar Concentrator Market, by End Use, 2021-2031 (Revenue, $Million)
Table 81. South Korea Solar Concentrator Market, by Type, 2021-2031 (Revenue, $Million)
Table 82. South Korea Solar Concentrator Market, by Technology, 2021-2031 (Revenue, $Million)
Table 83. South Korea Solar Concentrator Market, by Application, 2021-2031 (Revenue, $Million)
Table 84. South Korea Solar Concentrator Market, by End Use, 2021-2031 (Revenue, $Million)
Table 85. Rest of Asia-Pacific Solar Concentrator Market, by Type, 2021-2031 (Revenue, $Million)
Table 86. Rest of Asia-Pacific Solar Concentrator Market, by Technology, 2021-2031 (Revenue, $Million)
Table 87. Rest of Asia-Pacific Solar Concentrator Market, by Application, 2021-2031 (Revenue, $Million)
Table 88. Rest of Asia-Pacific Solar Concentrator Market, by End Use, 2021-2031 (Revenue, $Million)
Table 89. LAMEA Solar Concentrator Market, by Type, 2021-2031 (Revenue, $Million)
Table 90. LAMEA Solar Concentrator Market, by Technology, 2021-2031 (Revenue, $Million)
Table 91. LAMEA Solar Concentrator Market, by Application, 2021-2031 (Revenue, $Million)
Table 92. LAMEA Solar Concentrator Market, by End Use, 2021-2031 (Revenue, $Million)
Table 93. LAMEA Solar Concentrator Market, by Country, 2021-2031 (Revenue, $Million)
Table 94. Brazil Solar Concentrator Market, by Type, 2021-2031 (Revenue, $Million)
Table 95. Brazil Solar Concentrator Market, by Technology, 2021-2031 (Revenue, $Million)
Table 96. Brazil Solar Concentrator Market, by Application, 2021-2031 (Revenue, $Million)
Table 97. Brazil Solar Concentrator Market, by End Use, 2021-2031 (Revenue, $Million)
Table 98. Saudi Arabia Solar Concentrator Market, by Type, 2021-2031 (Revenue, $Million)
Table 99. Saudi Arabia Solar Concentrator Market, by Technology, 2021-2031 (Revenue, $Million)
Table 100. Saudi Arabia Solar Concentrator Market, by Application, 2021-2031 (Revenue, $Million)
Table 101. Saudi Arabia Solar Concentrator Market, by End Use, 2021-2031 (Revenue, $Million)
Table 102. South Africa Solar Concentrator Market, by Type, 2021-2031 (Revenue, $Million)
Table 103. South Africa Solar Concentrator Market, by Technology, 2021-2031 (Revenue, $Million)
Table 104. South Africa Solar Concentrator Market, by Application, 2021-2031 (Revenue, $Million)
Table 105. South Africa Solar Concentrator Market, by End Use, 2021-2031 (Revenue, $Million)
Table 106. Rest of LAMEA Solar Concentrator Market, by Type, 2021-2031 (Revenue, $Million)
Table 107. Rest of LAMEA Solar Concentrator Market, by Technology, 2021-2031 (Revenue, $Million)
Table 108. Rest of LAMEA Solar Concentrator Market, by Application, 2021-2031 (Revenue, $Million)
Table 109. Rest of LAMEA Solar Concentrator Market, by End Use, 2021-2031 (Revenue, $Million)
Table 110. Brightsource: Key Executives
Table 111. Brightsource: Company Snapshot
Table 112. Brightsource: Product Segments
Table 113. Brightsource: Product Portfolio
Table 114. Solar Reserve: Key Executives
Table 115. Solar Reserve: Company Snapshot
Table 116. Solar Reserve: Product Segments
Table 117. Solar Reserve: Product Portfolio
Table 118. Siemens Ag: Key Executives
Table 119. Siemens Ag: Company Snapshot
Table 120. Siemens Ag: Service Segments
Table 121. Siemens Ag: Product Portfolio
Table 122. Abors Green Gmbh: Key Executives
Table 123. Abors Green Gmbh: Company Snapshot
Table 124. Abors Green Gmbh: Product Segments
Table 125. Abors Green Gmbh: Product Portfolio
Table 126. Trivelli Energia: Key Executives
Table 127. Trivelli Energia: Company Snapshot
Table 128. Trivelli Energia: Product Segments
Table 129. Trivelli Energia: Product Portfolio
Table 130. Trivelli Energia: Key Stratergies
Table 131. Acciona Sa: Key Executives
Table 132. Acciona Sa: Company Snapshot
Table 133. Acciona Sa: Product Segments
Table 134. Acciona Sa: Product Portfolio
Table 135. Abengoa Solar Gmbh: Key Executives
Table 136. Abengoa Solar Gmbh: Company Snapshot
Table 137. Abengoa Solar Gmbh: Product Segments
Table 138. Abengoa Solar Gmbh: Product Portfolio
Table 139. Torresol Energy: Key Executives
Table 140. Torresol Energy: Company Snapshot
Table 141. Torresol Energy: Product Segments
Table 142. Torresol Energy: Product Portfolio
Table 143. Clique Solar: Key Executives
Table 144. Clique Solar: Company Snapshot
Table 145. Clique Solar: Product Segments
Table 146. Clique Solar: Product Portfolio
Table 147. Acwa Power: Key Executives
Table 148. Acwa Power: Company Snapshot
Table 149. Acwa Power: Product Segments
Table 150. Acwa Power: Product Portfolio

List of Figures
Figure 01. Solar Concentrator Market, 2021-2031
Figure 02. Segmentation of Solar Concentrator Market, 2021-2031
Figure 03. Top Investment Pockets in Solar Concentrator Market (2022-2031)
Figure 04. Moderate Bargaining Power of Suppliers
Figure 05. Moderate Bargaining Power of Buyers
Figure 06. Moderate Threat of Substitutes
Figure 07. Moderate Threat of New Entrants
Figure 08. Moderate Intensity of Rivalry
Figure 09. Drivers, Restraints and Opportunities: Globalsolar Concentrator Market
Figure 10. Impact of Key Regulation: Solar Concentrator Market
Figure 11. Value Chain Analysis: Solar Concentrator Market
Figure 12. Solar Concentrator Market, by Type, 2021 (%)
Figure 13. Comparative Share Analysis of Solar Concentrator Market for Cylindrical Parabolic (2D Hubs), by Country 2021-2031 (%)
Figure 14. Comparative Share Analysis of Solar Concentrator Market for Paraboloid Revolution (3D Hubs), by Country 2021-2031 (%)
Figure 15. Comparative Share Analysis of Solar Concentrator Market for Others, by Country 2021-2031 (%)
Figure 16. Solar Concentrator Market, by Technology, 2021 (%)
Figure 17. Comparative Share Analysis of Solar Concentrator Market for Solar Power Towers, by Country 2021-2031 (%)
Figure 18. Comparative Share Analysis of Solar Concentrator Market for Linear Concentrating Systems, by Country 2021-2031 (%)
Figure 19. Comparative Share Analysis of Solar Concentrator Market for Dish Sterling Technology, by Country 2021-2031 (%)
Figure 20. Solar Concentrator Market, by Application, 2021 (%)
Figure 21. Comparative Share Analysis of Solar Concentrator Market for Electricity Generation, by Country 2021-2031 (%)
Figure 22. Comparative Share Analysis of Solar Concentrator Market for Heating Fluids, by Country 2021-2031 (%)
Figure 23. Comparative Share Analysis of Solar Concentrator Market for Others, by Country 2021-2031 (%)
Figure 24. Solar Concentrator Market, by End Use, 2021 (%)
Figure 25. Comparative Share Analysis of Solar Concentrator Market for Residential, by Country 2021-2031 (%)
Figure 26. Comparative Share Analysis of Solar Concentrator Market for Commercial, by Country 2021-2031 (%)
Figure 27. Comparative Share Analysis of Solar Concentrator Market for Industrial, by Country 2021-2031 (%)
Figure 28. Solar Concentrator Market by Region, 2021
Figure 29. U.S. Solar Concentrator Market, 2021-2031 ($Million)
Figure 30. Canada Solar Concentrator Market, 2021-2031 ($Million)
Figure 31. Mexico Solar Concentrator Market, 2021-2031 ($Million)
Figure 32. Germany Solar Concentrator Market, 2021-2031 ($Million)
Figure 33. Italy Solar Concentrator Market, 2021-2031 ($Million)
Figure 34. Spain Solar Concentrator Market, 2021-2031 ($Million)
Figure 35. UK Solar Concentrator Market, 2021-2031 ($Million)
Figure 36. France Solar Concentrator Market, 2021-2031 ($Million)
Figure 37. Rest of Europe Solar Concentrator Market, 2021-2031 ($Million)
Figure 38. China Solar Concentrator Market, 2021-2031 ($Million)
Figure 39. Japan Solar Concentrator Market, 2021-2031 ($Million)
Figure 40. India Solar Concentrator Market, 2021-2031 ($Million)
Figure 41. South Korea Solar Concentrator Market, 2021-2031 ($Million)
Figure 42. Rest of Asia-Pacific Solar Concentrator Market, 2021-2031 ($Million)
Figure 43. Brazil Solar Concentrator Market, 2021-2031 ($Million)
Figure 44. Saudi Arabia Solar Concentrator Market, 2021-2031 ($Million)
Figure 45. South Africa Solar Concentrator Market, 2021-2031 ($Million)
Figure 46. Rest of LAMEA Solar Concentrator Market, 2021-2031 ($Million)
Figure 47. Top Winning Strategies, by Year
Figure 48. Top Winning Strategies, by Development
Figure 49. Top Winning Strategies, by Company
Figure 50. Product Mapping of Top 10 Players
Figure 51. Competitive Dashboard
Figure 52. Competitive Heatmap: Solar Concentrator Market
Figure 53. Top Player Positioning, 2021
Figure 54. Siemens Ag: Net Revenue, 2019-2021 ($Million)
Figure 55. Siemens Ag: Research & Development Expenditure, 2019-2021
Figure 56. Siemens Ag: Revenue Share by Segment, 2021 (%)
Figure 57. Siemens Ag: Revenue Share by Region, 2021 (%)
Figure 58. Acciona Sa: Net Revenue, 2019-2021 ($Million)
Figure 59. Acciona Sa: Revenue Share by Segment, 2021 (%)
Figure 60. Acciona Sa: Revenue Share by Region, 2021 (%)
Figure 61. Abengoa Solar Gmbh: Net Revenue, 2018-2020 ($Million)
Figure 62. Abengoa Solar Gmbh: Revenue Share by Region, 2020 (%)
Figure 63. Abengoa Solar Gmbh: Revenue Share by Region, 2020 (%)
Figure 64. Acwa Power: Net Revenue, 2019-2021 ($Million)
Figure 65. Acwa Power: Revenue Share by Segment, 2021 (%)
Figure 66. Acwa Power: Revenue Share by Region, 2021 (%)

Executive Summary

According to the report titled, “Solar Concentrator Market," The solar concentrator market was valued at $5.2 billion in 2021, and is estimated to reach $24.6 billion by 2031, growing at a CAGR of 16.8% from 2022 to 2031.

Solar concentrators are devices that collect solar radiation and concentrate at a single focal point. The devices are mainly comprised of a series of lens or mirror assemblies, heat receivers, and a tracking system. One of the key drivers of the solar concentrator market is that governments across the globe are promoting sustainable energy sources, which can reduce carbon emissions, unlike conventional power sources. Furthermore, the increase in population and the gradual shift from fossil fuel resources to renewable energy resources have a positive impact on the solar concentrator market. The presence of rapid growth in population and gradual change in lifestyle among the people due to an increase in income has influenced the demand for solar thermal products. The increase in awareness among the people regarding the advantages of utilization of solar thermal products compared to other products in residential and commercial heating is a major factor driving the market growth. The increase in the investment of the government in developing countries such as India, and China towards renewable energy will boost the demand for the solar concentrator market during the forecast period.

Solar concentrators are utilized for power generation and provide heat to residential and commercial buildings. However, the presence of low efficiency in comparison to conventional solar power generation has led to a decline in the utilization of solar concentrators. In addition, the rapid development of renewable power generation resources such as solar, and wind which are augmented with highly efficient water heaters have a significant negative impact on the solar concentrator market. The abovementioned factor is expected to hamper solar concentrator market expansion during the forecast period.

The Paris Agreement signed by the governments of various countries aimed to increase the ability of the parties to adapt to climate change effects, mobilize sufficient finance, and push each country to determine, plan, and regularly report on its contribution to climate-friendly initiatives to contain global warming. This is prompting developing and developed countries to mobilize funds and support domestic and international environmental initiatives to minimize global emissions, which are expected to increase demand for alternative and clean energy sources. The above trends and growing demand for clean energy sources provide ample opportunities to drive the growth of the solar concentrator market during this forecast period.

The global solar concentrator market analysis is segmented on the basis of type, technology, application, end use, and region. By type, the market is divided into cylindrical parabolic, paraboloid revolution, and others, By technology, the market is divided into solar power towers, linear concentrating systems, and dish sterling technology. By application, it is divided into electricity generation, heating fluids, and others. By end use, it is divided into residential, commercial, and industrial. By region, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA.

Key players in the solar concentrator industry Acciona SA, Abors Green GmbH, Siemens AG, Abengoa Solar GmbH, Trivelli Energia, Bright Source, Solar Reserve, Torresol Energy, Clique Solar, and ACWA Power. These players have adopted various strategies to gain a higher share or retain leading positions in the market.

COVID-19 Impact Analysis

Despite the setbacks caused by the pandemic, the renewable energy sector observed commendable growth in 2020. Over 760-GW of solar power generating capacities were installed globally as of 2020, out of which, 6.2-GW were being generated through the concentration of solar thermal power stations. Furthermore, government around the world has initiated various tax incentives, and policies to support the development of solar thermal-related technologies which will lead to the development of the market.

In major economies including the U.S., Canada, Germany, China, and India, the COVID-19 epidemic caused the temporary and long-term suspension of production and building activity. Various other nations have experienced a similar economic downturn. The worldwide solar concentrator market was severely impacted by this drop in industrial production and the postponement of building projects. The COVID-19 pandemic affected key end users of solar concentrator such power generation due to increase in the awareness among the players regarding the eco-friendly power generation.

Key findings of the study

  • On the basis of type, the paraboloid revolution segment is projected to grow at the highest CAGR of approximately 16.5%, in terms of revenue, during the forecast period.
  • On the basis of technology, the solar power towers segment is projected to grow at the highest CAGR of approximately 16.6%, in terms of revenue, during the forecast period.
  • On the basis of application, the electricity generation segment is projected to grow at the highest CAGR of approximately 16.6%, in terms of revenue, during the forecast period.
  • On the basis of end use, the residential segment is projected to grow at the highest CAGR of approximately 17.3%, in terms of revenue, during the forecast period.
  • Region-wise, Asia-Pacific is projected to grow at the highest CAGR of 17.2%, in terms of revenue, during the forecast period.

Companies Mentioned

  • Brightsource
  • Siemens AG
  • Solar Reserve
  • Abors Green GmbH
  • Trivelli Energia
  • Acciona SA
  • Torresol Energy
  • Clique Solar
  • Abengoa Solar GmbH
  • ACWA Power

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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