Press release
Concentrated Solar Power Market to reach USD 13.59 Bn by 2029, emerging at a CAGR of 15.93 percent and forecast (2022-2029)
Concentrated Solar Power Market
Concentrated Solar Power Market Report Scope and Research Methodology
CSP plants use mirrors to concentrate the sun's thermal energy, which is then used to generate electricity through a conventional steam turbine. The thermal energy can be stored and used to generate electricity whenever it is needed, making CSP an attractive source of renewable energy.
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The report is based on a research methodology that uses real numbers and outputs of the key players and major players across the globe. Past five years' trends are considered while forecasting the market through 2027.
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Concentrated Solar Power Market Dynamics
The report finds that the growing government support and initiatives for the adoption of renewable technology, along with an increase in energy consumption and the capacity to deliver power without emitting CO2, are driving the CSP market growth across the globe. However, the high capital cost of concentrated solar power energy generation is expected to hamper the CSP market growth during the forecast period.
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Based on the Technology, the CSP market is segmented into Parabolic Trough, Linear Fresnel, Power Tower, and Dish/Engine System. The Parabolic Trough segment held the largest market share, accounting for 81.19 percent in 2020. Based on the Application, the CSP market is segmented into Utilities, Enhanced Oil Recovery, Desalination, and Others. The Utility segment held the largest market share, accounting for 62.13 percent in 2020.
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Concentrated Solar Power Market Regional Insights
The report also provides regional insights, highlighting that countries like China, Morocco, and South Africa, along with the United Arab Emirates, have been responsible for the majority of capacity additions during the last decade and are expected to continue dominating deployment during the forecast period.
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Concentrated Solar Power Market Segmentation
By Technology:
Parabolic Trough
Linear Fresnel
Power Tower
Dish/Engine System
By Component:
Power Block
Solar Field
Thermal Energy Storage System
By Application:
Utilities
Enhanced Oil Recovery
Desalination
Others
Concentrated Solar Power Market Key Competitors include:
Esolar, Inc.
Frenell Gmbh
Nexans
Siemens Ag
Solar Reserve
Ibereolica Group
Solastor
Soltigua
Engie
Aalborg Csp A/S
Abengoa Solar, S.A.
Acwa Power
Alsolen
Archimedes Solar Energy
Baysolar Csp
Brightsource Energy, Inc.
Cobra Energia
SCHOTT Solar AG
Solar Millennium AG
Acciona
BrightSource Energy Inc.
Table of Content for Concentrated Solar Power Market
Global Concentrated Solar Power Market: Research Methodology
Global Concentrated Solar Power Market: Executive Summary
Market Overview and Definitions
Introduction to Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Concentrated Solar Power Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global Concentrated Solar Power Market Segmentation
Global Market, by Technology (2021-2027)
Global Market, by Component (2021-2027)
Global Market, by Application (2021-2027)
Regional Concentrated Solar Power Market (2021-2027)
Regional Market, by Technology (2021-2027)
Regional Market, by Component (2021-2027)
Regional Market, by Application (2021-2027)
Regional Market, by Country (2021-2027)
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Types:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2027
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Technology, Component and Application
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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