Press release
Solar Concentrator Market is Expected to Grow at a CAGR of 15.81 % within the forecast period of 2023-2030: Cognitive Market Research
Solar Concentrator Market is Expected to Grow at a CAGR of 15.81 % within the forecast period of 2023-2030: Cognitive Market Resea
Solar concentrators are devices, which collect solar radiation and concentrate at a single focal point. The devices are included a series of lens or mirror assemblies, heat receivers, and a tracking system. Solar thermal energy is a form of energy, which is harvested from solar concentrators to generate thermal energy using several technologies for industrial use, and in residential and commercial sectors
Summary:
• The Solar Concentrator Market Size Was Valued at USD 5.31 Billion In 2022 And Is Expected to Grow at A CAGR Of 15.81 % During the Forecast Period, Reaching USD 23.61 Billion By 2030.
• Based on application, the electricity generation segment has the largest revenue share in the solar concentrator market.
• Based on type, the paraboloid revolution (3D Hubs) segment has the largest revenue share in the solar concentrator market.
• Based on technology, the solar power towers segment has the largest revenue share in the solar concentrator market.
• Based on end use, the industrial segment has the largest revenue share in the solar concentrator market.
• Asia-Pacific accounted for the largest share of the solar concentrator market.
"To know more The Solar Concentrator Market statistics click here:
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Market Dynamics
Increasing integration of low-carbon power generation technologies is the major factor expected to drive the growth of the solar concentrator market. Furthermore, increasing demand and need for power all over the world create growth opportunities for the solar concentrator market. However, the presence of alternatives such as solar & wind power hampers the growth of the solar concentrator market.
Market Segmentation
By Application:
• Electricity Generation
• Heating Fluids
• Others
Based on application, the electricity generation segment has the largest revenue share in the solar concentrator market. This is due to the increasing use of electricity generation applications for industries such as desalination and distillation of water anticipated to drive the growth of this segment.
By Type:
• Cylindrical Parabolic (2D Hubs)
• Paraboloid Revolution (3D Hubs)
• Others
Based on type, the paraboloid revolution (3D Hubs) segment has the largest revenue share in the solar concentrator market. This is due to parabolic concentrators with square and hexagonal top shapes that can be arranged in an array which improves the efficiency of power generation in the solar industry.
By Technology:
• Solar Power Towers
• Linear Concentrating Systems
• Dish Sterling Technology
Based on technology, the solar power towers segment has the largest revenue share in the solar concentrator market. This is due to the increasing use of solar power towers for various industries such as power generation, desalination, distillation, and other application.
By End Use:
• Residential
• Commercial
• Industrial
Based on end use, the industrial segment has the largest revenue share in the solar concentrator market. This is due to the increasing demand for heating fluids in industrial applications expected to drive the growth of the industrial segment.
The Major Players in The Solar Concentrator Market Are:
Solixi, Absolicon, Dacheng, Greenetica, Solartron Energy Systems, Spectrolab, Sharp, Prime Laser Tech, Nobel Xilinakis, BDR Thermea, Modulo Solar, Hewalex, Ariston, Supreme Solar, Ritter Energie, Kuzeymak, Kingspan
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Regional Analysis:
Asia-Pacific accounted for the largest share of the solar concentrator market
Asia-Pacific has the largest revenue share in the solar concentrator market. This is due to increasing investment to develop solar thermal power plants in developing countries such as India, China, and Japan. In addition, increasing electricity demand and the presence of a huge population in the region are anticipated to drive the growth of the solar concentrator market in the region.
News:
Shouhang Hightech Energy Technology Co., Ltd has signed the cooperation agreement
In March 2020, Shouhang Hightech Energy Technology Co., Ltd has signed a cooperation agreement on investment with the government of Gansu province for the Jinta 100MW molten salt tower concentrating solar power project.
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Solar Concentrators Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Solar Concentrators Market Segmentation
1.5.1 Solar Concentrators Market Regional Fragmentation
1.5.1 Solar Concentrators Market Players
• 1.6 Report Duration
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Solar Concentrators Market
• 3.1 Global Solar Concentrators Market Size 2018 - 2030, (USD Million)
• 3.2 Global Solar Concentrators Market Statistics 2022: Snapshot
Chapter 4 Global Solar Concentrators Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Solar Concentrators Market by Type Segmentation Analysis (2018-2030)
Chapter 9 Global Solar Concentrators Market by Application Segmentation Analysis (2018-2030)
Chapter 10 Global Solar Concentrators Market Regional Analysis
Chapter 11 North America Solar Concentrators Market Outlook (2018 - 2030)
Chapter 12 Europe Solar Concentrators Market Outlook (2018 - 2030)
Chapter 13 Asia Pacific Solar Concentrators Market Outlook (2018 - 2030)
Chapter 14 Latin America Solar Concentrators Market Outlook (2018 - 2030)
Chapter 15 Middle East and Africa Solar Concentrators Market Outlook (2018 - 2030)
Chapter 16 Research Findings
Browse here for Full TOC:
https://www.cognitivemarketresearch.com/solar-concentrators-market-report#table_of_contents
Related Report:
Smart Solar Power Market:
https://www.cognitivemarketresearch.com/smart-solar-power-market-report
Solar Roofing Market:
https://www.cognitivemarketresearch.com/solar-roofing-market-report
Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power - CSP Market:
https://www.cognitivemarketresearch.com/molten-salt-solar-energy-thermal-storage-and-concentrated-solar-power-%28csp%29-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Illinois, 60602
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Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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