Press release
Global Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) Market Is Expecting Revolutionary Growth in 2019 and Coming Years
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Molten Salt Solar Energy Thermal Storage refers to a kind of thermal energy storage method, which is widely used in the CSP system.
Concentrated Solar Power (CSP) (also called concentrating solar power, concentrated solar thermal, and CSP) systems generate solar power by using mirrors or lenses to concentrate a large area of sunlight, or solar thermal energy, onto a small area. Electricity is generated when the concentrated light is converted to heat, which drives a heat engine (usually a steam turbine) connected to an electrical power generator or powers a thermochemical reaction.
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Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) is in its infancy in terms of deployment compared to the other renewable power generation technologies, with 995 MW of CSP installed worldwide in 2016
The current CSP market is dominated by parabolic trough around 82.61% of installed capacity in 2016, and will increase to 2505 MW in 2022.
The cost of the CSP systems construction will decrease from 3.50 USD/W in 2016 to 2.53 USD/W in 2022, which will depend on the rate of growth in CSP deployment.
The Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) market was valued at 3220 Million US$ in 2017 and is projected to reach 18600 Million US$ by 2025, at a CAGR of 24.5% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP).
The following manufacturers are covered in this report:
• BrightSource Energy
• Abengoa
• Areva
• Acciona
• ESolar
• SolarReserve
• Wilson Solarpower
• Novatec
• Shams Power
• ACWA
• SUPCON
• Thai Solar Energy
• Sunhome
Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) Breakdown Data by Type
• Parabolic Trough Systems
• Power Tower Systems
• Dish/Engine Systems
• Others
Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) Breakdown Data by Application
• Generate Electricity
• Industrial Heating
• Other
Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) Production by Region
• United States
• Europe
• China
• Japan
• Other Regions
Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) Consumption by Region
• North America
• United States
• Canada
• Mexico
• Asia-Pacific
• China
• India
• Japan
• South Korea
• Australia
• Indonesia
• Malaysia
• Philippines
• Thailand
• Vietnam
• Europe
• Germany
• France
• UK
• Italy
• Russia
• Rest of Europe
• Central & South America
• Brazil
• Rest of South America
• Middle East & Africa
• GCC Countries
• Turkey
• Egypt
• South Africa
• Rest of Middle East & Africa
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The study objectives are:
• To analyze and research the global Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) status and future forecast,involving, production, revenue, consumption, historical and forecast.
• To present the key Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) manufacturers, production, revenue, market share, and recent development.
• To split the breakdown data by regions, type, manufacturers and applications.
• To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
• To identify significant trends, drivers, influence factors in global and regions.
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) :
• History Year: 2013-2017
• Base Year: 2017
• Estimated Year: 2018
• Forecast Year: 2018-2025
This report includes the estimation of market size for value (million USD) and volume (MW). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
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