Global Concentrating Solar Power Market: Industry Analysis, Global Trends, and Forecast to 2021

The Middle East & African market is projected to be the largest growing for concentrating solar power installations from 2016 to 2021. The Middle East & African market’s growth is driven by power generation, enhanced oil recovery and desalination industry operations. Morocco, Saudi Arabia, UAE, and Oman are expected to witness significant growth during the forecast period.

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The concentrating solar power market is projected to reach USD 10.96 billion by 2021, growing at a CAGR of 10.3% from 2016 to 2021. Concentrating solar power are used in residential, commercial, and industrial. Growing environmental concerns over carbon emissions and efforts to reduce air pollution, policy support from governments to enable adoption of renewable technologies and dispatch ability of power.

Concentrating Solar Power Market, By Technology
1 Introduction
2 Parabolic Trough
3 Power Tower
4 Linear Fresnel
5 Dish/Engine

Concentrating Solar Power Market, By Component
1 Introduction
2 Solar Field
3 Power Block
4 Thermal Storage

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The ecosystem of the global concentrating solar power market starts with suppliers of basic components/equipment such as reflectors/mirrors, receivers/engines, power block, and miscellaneous parts. The manufactured parts or sub-assemblies are then assembled by the EPC contractors authorized by the project developers to form a complete CSP plant.

Some of the major players in the concentrating solar power market are Abengoa Solar (Spain), Aalborg CSP (Denmark), ACWA Power (Saudi Arabia), BrightSource Energy, Inc. (U.S) and eSolar Inc (U.S), among others.

Target Audience
• Concentrating solar power solution providers
• CSP component manufacturers
• Thermal Energy storage manufacturers
• Regional renewable energy associations
• Government organizations and research institutions
• Consulting companies in the energy & solar sector
• Solar and wind energy associations
• Environmental associations
• Investment banks

The concentrating solar power market has been analyzed with respect to five regions, namely, the North America, Europe, Asia-Pacific, South America and the Middle East & Africa. The Middle East & Africa is expected to dominate the global concentrating solar power market during the forecast period, owing to government initiatives towards grid scale renewable power generation. The region is expected to remain largest market among other regions, during the forecast period.

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The distribution of primary interviews is as follows:
• By Company Type: Tier 1- 25%, Tier 2- 45%, Tier 3- 30%
• By Designation: C-Level- 45%, D-Level- 35%, Others- 20%
• By Region: Americas- 25%, Europe-10%, Asia-Pacific- 35%,Middle East & Africa- 30%

The report provides a picture on the concentrating solar power market across different industry verticals and regions. It aims at estimating the market size and future growth potential of this market across different segments, such as system technology, end-user, components, and region.

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