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Concentrated Solar Power Market

Global Concentrated Solar Power Market Share, Forecast: By Technology: Parabolic Trough, Power Tower, Linear Fresnel, Dish/Engine System; By Component: Solar Field, Power Block, Thermal Energy Storage System; By End Use: Utilities, Enhanced Oil Recovery, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032

Global Concentrated Solar Power Market Outlook

The global concentrated solar power market reached a value of around USD 5335.78 million in 2023 and is expected to grow at a CAGR of 9% during the forecast period of 2024-2032.

 

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.

 

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:

 

Global Concentrated Solar Power Market

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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.

 

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.

 

Global Concentrated Solar Power Market

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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.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
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
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
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
  • Others

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Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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    Opportunities and Challenges in the Market
8    Global Concentrated Solar Power Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Concentrated Solar Power Historical Market (2018-2023) 
    8.3    Global Concentrated Solar Power Market Forecast (2024-2032)
    8.4    Global Concentrated Solar Power Market by Technology
        8.4.1    Parabolic Trough
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Power Tower
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Linear Fresnel
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Dish/Engine System
            8.4.4.1    Historical Trend (2018-2023)
            8.4.4.2    Forecast Trend (2024-2032)
    8.5    Global Concentrated Solar Power Market by Component
        8.5.1    Solar Field
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Power Block
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Thermal Energy Storage System
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
    8.6    Global Concentrated Solar Power Market by End Use
        8.6.1    Utilities
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Enhanced Oil Recovery
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Others
    8.7    Global Concentrated Solar Power Market by Region       
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2023) 
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2023) 
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2023) 
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2023) 
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2023) 
            8.7.5.2    Forecast Trend (2024-2032) 
9    North America Concentrated Solar Power Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Concentrated Solar Power Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Concentrated Solar Power Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.2    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Concentrated Solar Power Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Concentrated Solar Power Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape
    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    Abengoa Solar, S.A.
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    BrightSource Energy, Inc.
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    ACWA Power Reinsurance Co Limited.
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    eSolar, Inc.
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Solarreserve, LLC  
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Aalborg CSP A/S
            16.2.6.1    Company Overview
            16.2.6.2    Product Portfolio
            16.2.6.3    Demographic Reach and Achievements
            16.2.6.4    Certifications
        16.2.7    Others
17    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Concentrated Solar Power Market: Key Industry Highlights, 2018 and 2032
2.    Global Concentrated Solar Power Historical Market: Breakup by Technology (USD Million), 2018-2023
3.    Global Concentrated Solar Power Market Forecast: Breakup by Technology (USD Million), 2024-2032
4.    Global Concentrated Solar Power Historical Market: Breakup by Component (USD Million), 2018-2023
5.    Global Concentrated Solar Power Market Forecast: Breakup by Component (USD Million), 2024-2032
6.    Global Concentrated Solar Power Historical Market: Breakup by End Use (USD Million), 2018-2023
7.    Global Concentrated Solar Power Market Forecast: Breakup by End Use (USD Million), 2024-2032
8.    Global Concentrated Solar Power Historical Market: Breakup by Region (USD Million), 2018-2023
9.    Global Concentrated Solar Power Market Forecast: Breakup by Region (USD Million), 2024-2032
10.    North America Concentrated Solar Power Historical Market: Breakup by Country (USD Million), 2018-2023
11.    North America Concentrated Solar Power Market Forecast: Breakup by Country (USD Million), 2024-2032
12.    Europe Concentrated Solar Power Historical Market: Breakup by Country (USD Million), 2018-2023
13.    Europe Concentrated Solar Power Market Forecast: Breakup by Country (USD Million), 2024-2032
14.    Asia Pacific Concentrated Solar Power Historical Market: Breakup by Country (USD Million), 2018-2023
15.    Asia Pacific Concentrated Solar Power Market Forecast: Breakup by Country (USD Million), 2024-2032
16.    Latin America Concentrated Solar Power Historical Market: Breakup by Country (USD Million), 2018-2023
17.    Latin America Concentrated Solar Power Market Forecast: Breakup by Country (USD Million), 2024-2032
18.    Middle East and Africa Concentrated Solar Power Historical Market: Breakup by Country (USD Million), 2018-2023
19.    Middle East and Africa Concentrated Solar Power Market Forecast: Breakup by Country (USD Million), 2024-2032
20.    Global Concentrated Solar Power Market Structure

Key Questions Answered in the Report

What was the global concentrated solar power market size in 2023?

In 2023, the global concentrated solar power market attained a value of nearly USD 5335.78 million.

What is the growth rate of the market?

The market is projected to grow at a CAGR of 9% between 2024 and 2032.

What are the major industry drivers?

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.

What are the key industry trends of the global concentrated solar power market?

The key market trends guiding the growth of the industry include the growing research and development activities and the rapid technological advancements.

What are the major regional markets of concentrated solar power, according to the EMR report?

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the leading technologies of concentrated solar power in the industry?

Parabolic trough, power tower, linear Fresnel, and dish/engine system are the leading concentrated solar power technologies in the industry.

What are the significant end use segments of concentrated solar power in the market?

The significant end use segments of concentrated solar power in the market include utilities and enhanced oil recovery, among others.

What are the major components of the product in the industry?

The major components of the product in the industry are solar field, power block, and thermal energy storage system.

Who are the key industry players, according to the report?

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 5335.78 million in 2023, 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 2024-2032, 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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