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Global Concentrated Solar Power Market: By Technology: Parabolic Trough, Power Tower, Linear Fresnel, Dish/Engine System; By Component: Solar Field, Power Block, Thermal Energy Storage System; By End Use; Regional Analysis; Historical Market and Forecast (2017-2027); Competitive Landscape; Industry Events and Developments
Global Concentrated Solar Power Market Outlook
The global concentrated solar power market reached a value of around USD 4120.20 million in 2020 and is expected to grow at a CAGR of 9% during the forecast period of 2022-2027.
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Concentrated solar energy is used in different applications such as heating fluid, primarily water or oil, which in turn generates steam or warm air. The steam generated is used to produce electricity by driving turbines linked to a generator. The increased technological advances are aiding the global concentrated solar power industry. Concentrated solar energy is a carbon-free source of electricity. It is best suited for areas with powerful radiation such as Southern Europe, Northern Africa, the Middle East, South Africa, parts of India, China, Southern America, and Australia.
Market Segmentation
Concentrated solar energy is electricity generation through mirrors to concentrate the sunrays at temperatures ranging from 400 to 1,000 ° C. Based on its technology, the market can be categorised as parabolic trough, power tower, linear Fresnel, and dish/engine system. Based on its end-use, the industry can be segmented into:
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- Utilities
- Enhanced Oil Recovery
- Others
By components, the industry can be divided into solar field, power block, and thermal energy storage system.
The EMR report looks into the regional concentrated solar power markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
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Market Analysis
Increased government support for the implementation of renewable technologies combined with increased energy demand and power supply capacity without carbon dioxide gas emissions are driving the growth of the concentrated solar power industry. In addition, the rise in carbon-based environmental issues has led to an increased focus on reducing air pollution and an increase in the awareness regarding global warming. It is also anticipated that this factor will boost the industry growth during the forecast period. However, heavy costs incurred during the production of concentrated solar energy may hamper the market growth in the future.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global concentrated solar power market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Abengoa Solar, S.A.
- Brightsource Energy, Inc.
- ACWA Power Reinsurance Co Limited.
- Esolar, Inc.
- Solarreserve, LLC
- Aalborg CSP A/S.
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s five forces.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Technology, Component, End Use, Region |
| Breakup by Technology | Parabolic Trough, Power Tower, Linear Fresnel, Dish/Engine System |
| Breakup by Component | Solar Field, Power Block, Thermal Energy Storage System |
| Breakup by End Use | Utilities, Enhanced Oil Recovery, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Abengoa Solar, S.A., Brightsource Energy, Inc.,ACWA Power Reinsurance Co Limited., Esolar, Inc., Solarreserve, LLC, Aalborg CSP A/S., TSK Flagsol Engineering GmbH, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Concentrated Solar Power Market Analysis
8.1 Key Industry Highlights
8.2 Global Concentrated Solar Power Historical Market (2017-2021)
8.3 Global Concentrated Solar Power Market Forecast (2022-2027)
8.4 Global Concentrated Solar Power Market by Technology
8.4.1 Parabolic Trough
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Power Tower
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.3 Linear Fresnel
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2017-2021)
8.4.3.3 Forecast Trend (2022-2027)
8.4.4 Dish/Engine System
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2017-2021)
8.4.4.3 Forecast Trend (2022-2027)
8.5 Global Concentrated Solar Power Market by Component
8.5.1 Solar Field
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Power Block
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.5.3 Thermal Energy Storage System
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2017-2021)
8.5.3.3 Forecast Trend (2022-2027)
8.6 Global Concentrated Solar Power Market by End Use
8.6.1 Utilities
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2017-2021)
8.6.1.3 Forecast Trend (2022-2027)
8.6.2 Enhanced Oil Recovery
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2017-2021)
8.6.2.3 Forecast Trend (2022-2027)
8.6.3 Others
8.7 Global Concentrated Solar Power Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Abengoa Solar, S.A.
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 BrightSource Energy, Inc.
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 ACWA Power Reinsurance Co Limited.
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 eSolar, Inc.
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Solarreserve, LLC
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Aalborg CSP A/S
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Others
13 Industry Events and Developments
List of Key Figures and Tables
1. Global Concentrated Solar Power Market: Key Industry Highlights, 2017 and 2027
2. Global Concentrated Solar Power Historical Market: Breakup by Technology (USD Million), 2017-2021
3. Global Concentrated Solar Power Market Forecast: Breakup by Technology (USD Million), 2022-2027
4. Global Concentrated Solar Power Historical Market: Breakup by Component (USD Million), 2017-2021
5. Global Concentrated Solar Power Market Forecast: Breakup by Component (USD Million), 2022-2027
6. Global Concentrated Solar Power Historical Market: Breakup by End Use (USD Million), 2017-2021
7. Global Concentrated Solar Power Market Forecast: Breakup by End Use (USD Million), 2022-2027
8. Global Concentrated Solar Power Historical Market: Breakup by Region (USD Million), 2017-2021
9. Global Concentrated Solar Power Market Forecast: Breakup by Region (USD Million), 2022-2027
10. North America Concentrated Solar Power Historical Market: Breakup by Country (USD Million), 2017-2021
11. North America Concentrated Solar Power Market Forecast: Breakup by Country (USD Million), 2022-2027
12. Europe Concentrated Solar Power Historical Market: Breakup by Country (USD Million), 2017-2021
13. Europe Concentrated Solar Power Market Forecast: Breakup by Country (USD Million), 2022-2027
14. Asia Pacific Concentrated Solar Power Historical Market: Breakup by Country (USD Million), 2017-2021
15. Asia Pacific Concentrated Solar Power Market Forecast: Breakup by Country (USD Million), 2022-2027
16. Latin America Concentrated Solar Power Historical Market: Breakup by Country (USD Million), 2017-2021
17. Latin America Concentrated Solar Power Market Forecast: Breakup by Country (USD Million), 2022-2027
18. Middle East and Africa Concentrated Solar Power Historical Market: Breakup by Country (USD Million), 2017-2021
19. Middle East and Africa Concentrated Solar Power Market Forecast: Breakup by Country (USD Million), 2022-2027
20. Global Concentrated Solar Power Market Structure
Key Questions Answered in the Report
In 2020, the global concentrated solar power market attained a value of nearly USD 4120.20 million.
The market is projected to grow at a CAGR of 9% between 2022 and 2027.
The major drivers of the industry, such as the increasing environmental concern, adoption of renewable energy sources, favourable government policies and increased expenditure to promote green energy technologies, and the rising global demand for energy, are expected to aid the market growth.
The key market trends guiding the growth of the industry include the growing research and development activities and the rapid technological advancements.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Parabolic trough, power tower, linear Fresnel, and dish/engine system are the leading concentrated solar power technologies in the industry.
The significant end use segments of concentrated solar power in the market include utilities and enhanced oil recovery, among others.
The major components of the product in the industry are solar field, power block, and thermal energy storage system.
The major players in the industry are Abengoa Solar, S.A., Brightsource Energy, Inc., ACWA Power Reinsurance Co Limited, Esolar, Inc., Solarreserve, LLC, Aalborg CSP A/S., and TSK Flagsol Engineering GmbH, among others.
Analyst Review
The global concentrated solar power market attained a value of USD 4120.20 million in 2020, driven by the rising awareness regarding various environment issues including climate change. Aided by the technological advancements, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 9%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its technology, the concentrated solar power industry can be segmented into parabolic trough, power tower, linear Fresnel, and dish/engine system. On the basis of end uses, the industry is categorised into utilities and enhanced oil recovery segments, among others. By components, the industry is divided into solar field, power block, and thermal energy storage system. The major regional markets for concentrated solar power are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Abengoa Solar, S.A., Brightsource Energy, Inc., ACWA Power Reinsurance Co Limited., Esolar, Inc., Solarreserve, LLC, Aalborg CSP A/S., TSK Flagsol Engineering GmbH, and others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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