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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 (2016-2026); 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 2021-2026.

 

Global Concentrated Solar Power Market

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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.

 

Properties and Applications

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:

 

Global Concentrated Solar Power Market By Technology

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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.

 

Global Concentrated Solar Power Market By Region

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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 
  • Esolar, Inc. 
  • Solarreserve, LLC  
  • Aalborg CSP A/S. 
  • TSK Flagsol Engineering GmbH  
  • 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 2016-2020
Forecast Period 2021-2026
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, EMR’s 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, 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
    1.1    Objectives of the Study
        1.1.1    Research Objective
        1.1.2    Key Findings of the Report
2    Research Methodology
    2.1    Data Extraction
    2.2    Data Corroboration
    2.3    Market Structure
    2.4    Assumptions
    2.5    Market Models
3    Introduction
    3.1    Market Outlook
    3.2    Market Scope and Segmentation
    3.3    Additional Insights
4    Executive Summary
    4.1    Key Market Developments
    4.2    Market Analysis
    4.3    Key Players
    4.4    Cost Structure
    4.5    Market Revenue and Growth
5    Market Dynamics
    5.1    Market Driver Analysis
    5.2    Market Restraint Analysis
    5.3    Industry Challenges
    5.4    Industry Opportunities
6    Global Concentrated Solar Power Market Analysis
    6.1    Global Concentrated Solar Power Market (2016-2020) & Forecast (2021-2026)
    6.2    Global Concentrated Solar Power Market Breakup by Technology
        6.2.1    Parabolic Trough 
        6.2.2    Power Tower 
        6.2.3    Linear Fresnel 
        6.2.4    Dish/Engine System
    6.3    Global Concentrated Solar Power Market Breakup by Technology: Historical Market (2016-2020) & Forecast (2021-2026)
        6.3.1    Parabolic Trough 
        6.3.2    Power Tower 
        6.3.3    Linear Fresnel 
        6.3.4    Dish/Engine System   
    6.4    Global Concentrated Solar Power Market Breakup by Component
        6.4.1    Solar Field 
        6.4.2    Power Block 
        6.4.3    Thermal Energy Storage System
    6.5    Global Concentrated Solar Power Market Breakup by Component: Historical Market (2016-2020) & Forecast (2021-2026)
        6.5.1    Solar Field 
        6.5.2    Power Block 
        6.5.3    Thermal Energy Storage System  
    6.6    Global Concentrated Solar Power Market by End Use
        6.6.1    Utilities 
        6.6.2    Enhanced Oil Recovery 
        6.6.3    Others
    6.7    Global Concentrated Solar Power Market by End Use: Historical Market (2016-2020) & Forecast (2021-2026)
        6.7.1    Utilities 
        6.7.2    Enhanced Oil Recovery 
        6.7.3    Others 
    6.8    Global Concentrated Solar Power Market by Region
        6.8.1    North America
            6.8.1.1    United States of America
            6.8.1.2    Canada
        6.8.2    Europe
            6.8.2.1    Germany
            6.8.2.2    United Kingdom
            6.8.2.3    France
            6.8.2.4    Italy
            6.8.2.5    Others
        6.8.3    Asia Pacific
            6.8.3.1    China
            6.8.3.2    Japan
            6.8.3.3    India
            6.8.3.4    ASEAN
            6.8.3.5    Others
        6.8.4    Latin America
            6.8.4.1    Brazil
            6.8.4.2    Argentina
            6.8.4.3    Mexico
            6.8.6.8    Others
        6.8.5    Middle East & Africa
            6.8.5.1    Saudi Arabia
            6.8.5.2    United Arab Emirates
            6.8.5.3    Nigeria
            6.8.5.4    South Africa
            6.8.5.5    Others
    6.9    Global Concentrated Solar Power Market by Region: Historical Market (2016-2020) & Forecast (2021-2026)
        6.9.1    North America
            6.9.1.1    United States of America
            6.9.1.2    Canada
        6.9.2    Europe
            6.9.2.1    Germany
            6.9.2.2    United Kingdom
            6.9.2.3    France
            6.9.2.4    Italy
            6.9.2.5    Others
        6.9.3    Asia Pacific
            6.9.3.1    China
            6.9.3.2    Japan
            6.9.3.3    India
            6.9.3.4    ASEAN
            6.9.3.5    Others
        6.9.4    Latin America
            6.9.4.1    Brazil
            6.9.4.2    Argentina
            6.9.4.3    Mexico
            6.9.6.9    Others
        6.9.5    Middle East & Africa
            6.9.5.1    Saudi Arabia
            6.9.5.2    United Arab Emirates
            6.9.5.3    Nigeria
            6.9.5.4    South Africa
            6.9.5.5    Others
7    SWOT Analysis
    7.1    Overview
    7.2    Strengths
    7.3    Weaknesses
    7.4    Opportunities
    7.5    Threats
8    Porter’s Five Forces Analysis
    8.1    Overview
    8.2    Buyer’s Power
    8.3    Supplier’s Power
    8.4    New Entrants
    8.5    Degree of Rivalry
    8.6    Substitutes
9    Competitive Landscape & Supplier Analysis
    9.1    Abengoa Solar, S.A.
        9.1.1    Company Overview
        9.1.2    Financial Analysis
    9.2    Brightsource Energy, Inc.
        9.2.1    Company Overview
        9.2.2    Financial Analysis
    9.3     ACWA Power
        9.3.1    Company Overview
        9.3.2    Financial Analysis
    9.4    Esolar, Inc.
        9.4.1    Company Overview
        9.4.2    Financial Analysis
    9.5    Solarreserve, LLC  
        9.5.1    Company Overview
        9.5.2    Financial Analysis
    9.6    Aalborg CSP A/S.
        9.6.1    Company Overview
        9.6.2    Financial Analysis
    9.7    TSK Flagsol Engineering GmbH   
        9.7.1    Company Overview
        9.7.2    Financial Analysis
    9.8    Others
10    Industry Events and Developments

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 2021 and 2026.

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, 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 2021-2026, 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, 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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