Concentrated solar power Market Research Report - Global Forecast till 2030

Concentrated Solar Power Market Research Report: Information, by Technology (Parabolic Trough, Power Tower, Linear Fresnel, and Dish/Engine System), and Components (Solar Field, Power Block, and Thermal Storage)), End User (Utilities, Enhanced Oil Recovery (EOR), and Others), and Region (North America, Europe, Asia-Pacific, the Middle East & Africa, and South America)—Forecast till 2030

ID: MRFR/E&P/1572-HCR | August 2022 | Region: Global | 110 Pages         

Table of Contents

1 Executive Summary

2 Market Introduction

2.1 Market Definition

2.2 Scope of the Study

2.3 Market Structure

3 Research Methodology

3.1 Primary Research

3.2 Secondary Research

3.3 Market Size Estimation

3.4 Forecast Model

3.5 List of Assumptions

3.6 Limitations of the Study

4 Market Insights

5 Market Dynamics

5.1 Introduction

5.2 Market Drivers

5.3 Market Restraints

5.4 Market Opportunities

5.5 Porter’s Five Forces Analysis

5.5.1 Threat of New Entrants

5.5.2 Bargaining Power of Buyers

5.5.3 Bargaining Power of Suppliers

5.5.4 Threat of Substitutes

5.5.5 Intensity of Rivalry

5.6 Value Chain/Supply Chain Analysis

6 Global Concentrating Solar Power Market, by Technology

6.1 Introduction

6.2 Parabolic Trough

6.2.1 Market Estimates & Forecast, 2020–2027

6.2.2 Market Estimates & Forecast, by Region, 2020–2027

6.3 Power Tower

6.3.1 Market Estimates & Forecast, 2020–2027

6.3.2 Market Estimates & Forecast, by Region, 2020–2027

6.4 Linear Fresnel

6.4.1 Market Estimates & Forecast, 2020–2027

6.4.2 Market Estimates & Forecast, by Region, 2020–2027

6.5 Dish/Engine System

6.5.1 Market Estimates & Forecast, 2020–2027

6.5.2 Market Estimates & Forecast, by Region, 2020–2027

7 Global Concentrating Solar Power Market, by Components

7.1 Introduction

7.2 Solar Field

7.2.1 Market Estimates & Forecast, 2020–2027

7.2.2 Market Estimates & Forecast, by Region, 2020–2027

7.3 Power Block

7.3.1 Market Estimates & Forecast, 2020–2027

7.3.2 Market Estimates & Forecast, by Region, 2020–2027

7.4 Thermal Storage

7.4.1 Market Estimates & Forecast, 2020–2027

7.4.2 Market Estimates & Forecast, by Region, 2020–2027

8 Global Concentrating Solar Power Market, by End-User

8.1 Introduction

8.2 Utilities

8.2.1 Market Estimates & Forecast, 2020–2027

8.2.2 Market Estimates & Forecast, by Region, 2020–2027

8.3 Enhanced Oil Recovery (EOR)

8.3.1 Market Estimates & Forecast, 2020–2027

8.3.2 Market Estimates & Forecast, by Region, 2020–2027

8.4 Others

8.4.1 Market Estimates & Forecast, 2020–2027

8.4.2 Market Estimates & Forecast, by Region, 2020–2027

9 Global Concentrating Solar Power Market, by Region

9.1 Introduction

9.2 North America

9.2.1 Market Estimates & Forecast, by Technology, 2020–2027

9.2.2 Market Estimates & Forecast, by Components, 2020–2027

9.2.3 Market Estimates & Forecast, by End-User, 2020–2027

9.2.4 Market Estimates & Forecast, by Country, 2020–2027

9.2.5 US

9.2.5.1 Market Estimates & Forecast, by Technology, 2020–2027

9.2.5.2 Market Estimates & Forecast, by Components, 2020–2027

9.2.5.3 Market Estimates & Forecast, by End-User, 2020–2027

9.2.6 Canada

9.2.6.1 Market Estimates & Forecast, by Technology, 2020–2027

9.2.6.2 Market Estimates & Forecast, by Components, 2020–2027

9.2.6.3 Market Estimates & Forecast, by End-User, 2020–2027

9.2.7 Mexico

9.2.7.1 Market Estimates & Forecast, by Technology, 2020–2027

9.2.7.2 Market Estimates & Forecast, by Components, 2020–2027

9.2.7.3 Market Estimates & Forecast, by End-User, 2020–2027

9.3 Europe

9.3.1 Market Estimates & Forecast, by Technology, 2020–2027

9.3.2 Market Estimates & Forecast, by Components, 2020–2027

9.3.3 Market Estimates & Forecast, by End-User, 2020–2027

9.3.4 Market Estimates & Forecast, by Country, 2020–2027

9.3.5 Germany

9.3.5.1 Market Estimates & Forecast, by Technology, 2020–2027

9.3.5.2 Market Estimates & Forecast, by Components, 2020–2027

9.3.5.3 Market Estimates & Forecast, by End-User, 2020–2027

9.3.6 UK

9.3.6.1 Market Estimates & Forecast, by Technology, 2020–2027

9.3.6.2 Market Estimates & Forecast, by Components, 2020–2027

9.3.6.3 Market Estimates & Forecast, by End-User, 2020–2027

9.3.7 Spain

9.3.7.1 Market Estimates & Forecast, by Technology, 2020–2027

9.3.7.2 Market Estimates & Forecast, by Components, 2020–2027

9.3.7.3 Market Estimates & Forecast, by End-User, 2020–2027

9.3.8 Italy

9.3.8.1 Market Estimates & Forecast, by Technology, 2020–2027

9.3.8.2 Market Estimates & Forecast, by Components, 2020–2027

9.3.8.3 Market Estimates & Forecast, by End-User, 2020–2027

9.3.9 Rest of Europe

9.3.9.1 Market Estimates & Forecast, by Technology, 2020–2027

9.3.9.2 Market Estimates & Forecast, by Components, 2020–2027

9.3.9.3 Market Estimates & Forecast, by End-User, 2020–2027

9.4 Asia-Pacific

9.4.1 Market Estimates & Forecast, by Technology, 2020–2027

9.4.2 Market Estimates & Forecast, by Components, 2020–2027

9.4.3 Market Estimates & Forecast, by End-User, 2020–2027

9.4.4 Market Estimates & Forecast, by Country, 2020–2027

9.4.5 China

9.4.5.1 Market Estimates & Forecast, by Technology, 2020–2027

9.4.5.2 Market Estimates & Forecast, by Components, 2020–2027

9.4.5.3 Market Estimates & Forecast, by End-User, 2020–2027

9.4.6 Japan

9.4.6.1 Market Estimates & Forecast, by Technology, 2020–2027

9.4.6.2 Market Estimates & Forecast, by Components, 2020–2027

9.4.6.3 Market Estimates & Forecast, by End-User, 2020–2027

9.4.7 India

9.4.7.1 Market Estimates & Forecast, by Technology, 2020–2027

9.4.7.2 Market Estimates & Forecast, by Components, 2020–2027

9.4.7.3 Market Estimates & Forecast, by End-User, 2020–2027

9.4.8 Australia

9.4.8.1 Market Estimates & Forecast, by Technology, 2020–2027

9.4.8.2 Market Estimates & Forecast, by Components, 2020–2027

9.4.8.3 Market Estimates & Forecast, by End-User, 2020–2027

9.4.9 Rest of Asia-Pacific

9.4.9.1 Market Estimates & Forecast, by Technology, 2020–2027

9.4.9.2 Market Estimates & Forecast, by Components, 2020–2027

9.4.9.3 Market Estimates & Forecast, by End-User, 2020–2027

9.5 Middle East & Africa

9.5.1 Market Estimates & Forecast, by Technology, 2020–2027

9.5.2 Market Estimates & Forecast, by Components, 2020–2027

9.5.3 Market Estimates & Forecast, by End-User, 2020–2027

9.5.4 Market Estimates & Forecast, by Country, 2020–2027

9.5.5 Saudi Arabia

9.5.5.1 Market Estimates & Forecast, by Technology, 2020–2027

9.5.5.2 Market Estimates & Forecast, by Components, 2020–2027

9.5.5.3 Market Estimates & Forecast, by End-User, 2020–2027

9.5.6 UAE

9.5.6.1 Market Estimates & Forecast, by Technology, 2020–2027

9.5.6.2 Market Estimates & Forecast, by Components, 2020–2027

9.5.6.3 Market Estimates & Forecast, by End-User, 2020–2027

9.5.7 Qatar

9.5.7.1 Market Estimates & Forecast, by Technology, 2020–2027

9.5.7.2 Market Estimates & Forecast, by Components, 2020–2027

9.5.7.3 Market Estimates & Forecast, by End-User, 2020–2027

9.5.8 South Africa

9.5.8.1 Market Estimates & Forecast, by Technology, 2020–2027

9.5.8.2 Market Estimates & Forecast, by Components, 2020–2027

9.5.8.3 Market Estimates & Forecast, by End-User, 2020–2027

9.5.9 Rest of the Middle East & Africa

9.5.9.1 Market Estimates & Forecast, by Technology, 2020–2027

9.5.9.2 Market Estimates & Forecast, by Components, 2020–2027

9.5.9.3 Market Estimates & Forecast, by End-User, 2020–2027

9.6 South America

9.6.1 Market Estimates & Forecast, by Technology, 2020–2027

9.6.2 Market Estimates & Forecast, by Components, 2020–2027

9.6.3 Market Estimates & Forecast, by End-User, 2020–2027

9.6.4 Market Estimates & Forecast, by Country, 2020–2027

9.6.5 Brazil

9.6.5.1 Market Estimates & Forecast, by Technology, 2020–2027

9.6.5.2 Market Estimates & Forecast, by Components, 2020–2027

9.6.5.3 Market Estimates & Forecast, by End-User, 2020–2027

9.6.6 Argentina

9.6.6.1 Market Estimates & Forecast, by Technology, 2020–2027

9.6.6.2 Market Estimates & Forecast, by Components, 2020–2027

9.6.6.3 Market Estimates & Forecast, by End-User, 2020–2027

9.6.7 Rest of South America

9.6.7.1 Market Estimates & Forecast, by Technology, 2020–2027

9.6.7.2 Market Estimates & Forecast, by Components, 2020–2027

9.6.7.3 Market Estimates & Forecast, by End-User, 2020–2027

10 Competitive Landscape

10.1 Competitive Scenario

10.2 Competitive Benchmarking of the Global Concentrating Solar Power Market

10.3 Major Growth Key Strategies in the Global Concentrating Solar Power Market

10.4 Market Share Analysis: Global Concentrating Solar Power Market

10.5 The Leading Player in Terms of Number of Developments in the Global Concentrating Solar Power Market

10.6 Product Development in the Global Concentrating Solar Power Market

10.7 Mergers and Acquisitions in the Global Concentrating Solar Power Market

10.8 Contracts and Agreements in the Global Concentrating Solar Power Market

10.9 Expansions & Investments in the Global Concentrating Solar Power Market

11 Company Profile

11.1 Abengoa Solar, SA (Spain)

11.1.1 Company Overview

11.1.2 Products/Services Offered

11.1.3 Financial Overview

11.1.4 Key Developments

11.1.5 Key Strategies

11.1.6 SWOT Analysis

11.2 Acciona Energy (Spain)

11.2.1 Company Overview

11.2.2 Products/Services Offered

11.2.3 Financial Overview

11.2.4 Key Developments

11.2.5 Key Strategies

11.2.6 SWOT Analysis

11.3 GE Renewable Energy (France)

11.3.1 Company Overview

11.3.2 Products/Services Offered

11.3.3 Financial Overview

11.3.4 Key Developments

11.3.5 Key Strategies

11.3.6 SWOT Analysis

11.4 TSK Flagsol Engineering GmbH (Germany)

11.4.1 Company Overview

11.4.2 Products/Services Offered

11.4.3 Financial Overview

11.4.4 Key Developments

11.4.5 Key Strategies

11.4.6 SWOT Analysis

11.5 Enel Green Power (Italy)

11.5.1 Company Overview

11.5.2 Products/Services Offered

11.5.3 Financial Overview

11.5.4 Key Developments

11.5.5 Key Strategies

11.5.6 SWOT Analysis

11.6 BrightSource Energy (US)

11.6.1 Company Overview

11.6.2 Products/Services Offered

11.6.3 Financial Overview

11.6.4 Key Developments

11.6.5 Key Strategies

11.6.6 SWOT Analysis

11.7 Atlantica Yield PLC (UK)

11.7.1 Company Overview

11.7.2 Products/Services Offered

11.7.3 Financial Overview

11.7.4 Key Developments

11.7.5 Key Strategies

11.7.6 SWOT Analysis

11.8 eSolar Inc. (US)

11.8.1 Company Overview

11.8.2 Products/Services Offered

11.8.3 Financial Overview

11.8.4 Key Developments

11.8.5 Key Strategies

11.8.6 SWOT Analysis

11.9 SolarReserve (US)

11.9.1 Company Overview

11.9.2 Products/Services Offered

11.9.3 Financial Overview

11.9.4 Key Developments

11.9.5 Key Strategies

11.9.6 SWOT Analysis

11.10 ACWA Power (Saudi Arabia)

11.10.1 Company Overview

11.10.2 Products/Services Offered

11.10.3 Financial Overview

11.10.4 Key Developments

11.10.5 Key Strategies

11.10.6 SWOT Analysis

11.11 Chiyoda Corporation (Japan)

11.11.1 Company Overview

11.11.2 Products/Services Offered

11.11.3 Financial Overview

11.11.4 Key Developments

11.11.5 Key Strategies

11.11.6 SWOT Analysis

11.12 Alsolen (Morocco)

11.12.1 Company Overview

11.12.2 Products/Services Offered

11.12.3 Financial Overview

11.12.4 Key Developments

11.12.5 Key Strategies

11.12.6 SWOT Analysis

11.13 Soltigua (Italy)

11.13.1 Company Overview

11.13.2 Products/Services Offered

11.13.3 Financial Overview

11.13.4 Key Developments

11.13.5 Key Strategies

11.13.6 SWOT Analysis

 

List of Tables

Table 1 Global Concentrating Solar Power Market, by Region, 2020–2027 (USD Million)

Table 2 North America: Concentrating Solar Power Market, by Country, 2020–2027 (USD Million)

Table 3 Europe: Concentrating Solar Power Market, by Country, 2020–2027 (USD Million)

Table 4 Asia-Pacific: Concentrating Solar Power Market, by Country, 2020–2027 (USD Million)

Table 5 Middle East & Africa: Concentrating Solar Power Market, by Country, 2020–2027 (USD Million)

Table 6 South America: Concentrating Solar Power Market, by Country, 2020–2027 (USD Million)

Table 7 Global Concentrating Solar Power Market, by Technology, 2020–2027 (USD Million)

Table 8 North America: Concentrating Solar Power Market, by Technology, 2020–2027 (USD Million)

Table 9 Europe: Concentrating Solar Power Market, by Technology, 2020–2027 (USD Million)

Table 10 Asia-Pacific: Concentrating Solar Power Market, by Technology, 2020–2027 (USD Million)

Table 11 Middle East & Africa: Concentrating Solar Power Market, by Technology, 2020–2027 (USD Million)

Table 12 South America: Concentrating Solar Power Market, by Technology, 2020–2027 (USD Million)

Table 13 Global Concentrating Solar Power Market, by Components, 2020–2027 (USD Million)

Table 14 North America: Concentrating Solar Power Market, by Components, 2020–2027 (USD Million)

Table 15 Europe: Concentrating Solar Power Market, by Components, 2020–2027 (USD Million)

Table 16 Asia-Pacific: Concentrating Solar Power Market, by Components, 2020–2027 (USD Million)

Table 17 Middle East & Africa: Concentrating Solar Power Market, by Components, 2020–2027 (USD Million)

Table 18 South America: Concentrating Solar Power Market, by Components, 2020–2027 (USD Million)

Table 19 Global Concentrating Solar Power Market, by End-User, 2020–2027 (USD Million)

Table 20 North America: Concentrating Solar Power Market, by End-User, 2020–2027 (USD Million)

Table 21 Europe: Concentrating Solar Power Market, by End-User, 2020–2027 (USD Million)

Table 22 Asia-Pacific: Concentrating Solar Power Market, by End-User, 2020–2027 (USD Million)

Table 23 Middle East & Africa: Concentrating Solar Power Market, by End-User, 2020–2027 (USD Million)

Table 24 South America: Concentrating Solar Power Market, by End-User, 2020–2027 (USD Million)

Table 25 Global Concentrating Solar Power Market, by Region, 2020–2027 (USD Million)

Table 26 North America: Concentrating Solar Power Market, by Country, 2020–2027 (USD Million)

Table 27 North America: Concentrating Solar Power Market, by Technology, 2020–2027 (USD Million)

Table 28 North America: Concentrating Solar Power Market, by Components, 2020–2027 (USD Million)

Table 29 North America: Concentrating Solar Power Market, by End-User, 2020–2027 (USD Million)

Table 30 US: Concentrating Solar Power Market, by Technology, 2020–2027 (USD Million)

Table 31 US: Concentrating Solar Power Market, by Components, 2020–2027 (USD Million)

Table 33 US: Concentrating Solar Power Market, by End-User, 2020–2027 (USD Million)

Table 34 Canada: Concentrating Solar Power Market, by Technology, 2020–2027 (USD Million)

Table 35 Canada: Concentrating Solar Power Market, by Components, 2020–2027 (USD Million)

Table 36 Canada: Concentrating Solar Power Market, by End-User, 2020–2027 (USD Million)

Table 37 Mexico: Concentrating Solar Power Market, by Technology, 2020–2027 (USD Million)

Table 38 Mexico: Concentrating Solar Power Market, by Components, 2020–2027 (USD Million)

Table 39 Mexico: Concentrating Solar Power Market, by End-User, 2020–2027 (USD Million)

Table 40 Europe: Concentrating Solar Power Market, by Country, 2020–2027 (USD Million)

Table 41 Europe: Concentrating Solar Power Market, by Technology, 2020–2027 (USD Million)

Table 42 Europe: Concentrating Solar Power Market, by Components, 2020–2027 (USD Million)

Table 43 Europe: Concentrating Solar Power Market, by End-User, 2020–2027 (USD Million)

Table 44 Germany: Concentrating Solar Power Market, by Technology, 2020–2027 (USD Million)

Table 45 Germany: Concentrating Solar Power Market, by Components, 2020–2027 (USD Million)

Table 46 Germany: Concentrating Solar Power Market, by End-User, 2020–2027 (USD Million)

Table 47 UK: Concentrating Solar Power Market, by Technology, 2020–2027 (USD Million)

Table 48 UK: Concentrating Solar Power Market, by Components, 2020–2027 (USD Million)

Table 50 UK: Concentrating Solar Power Market, by End-User, 2020–2027 (USD Million)

Table 51 Spain: Concentrating Solar Power Market, by Technology, 2020–2027 (USD Million)

Table 52 Spain: Concentrating Solar Power Market, by Components, 2020–2027 (USD Million)

Table 53 Spain: Concentrating Solar Power Market, by End-User, 2020–2027 (USD Million)

Table 54 Italy: Concentrating Solar Power Market, by Technology, 2020–2027 (USD Million)

Table 55 Italy: Concentrating Solar Power Market, by Components, 2020–2027 (USD Million)

Table 56 Italy: Concentrating Solar Power Market, by End-User, 2020–2027 (USD Million)

Table 57 Rest of Europe: Concentrating Solar Power Market, by Technology, 2020–2027 (USD Million)

Table 58 Rest of Europe: Concentrating Solar Power Market, by Components, 2020–2027 (USD Million)

Table 59 Rest of Europe: Concentrating Solar Power Market, by End-User, 2020–2027 (USD Million)

Table 60 Asia-Pacific: Concentrating Solar Power Market, by Country, 2020–2027 (USD Million)

Table 61 Asia-Pacific: Concentrating Solar Power Market, by Technology, 2020–2027 (USD Million)

Table 62 Asia-Pacific: Concentrating Solar Power Market, by Components, 2020–2027 (USD Million)

Table 63 Asia-Pacific Concentrating Solar Power Market, by End-User, 2020–2027 (USD Million)

Table 64 China: Concentrating Solar Power Market, by Technology, 2020–2027 (USD Million)

Table 65 China: Concentrating Solar Power Market, by Components, 2020–2027 (USD Million)

Table 66 China: Concentrating Solar Power Market, by End-User, 2020–2027 (USD Million)

Table 67 Japan: Concentrating Solar Power Market, by Technology, 2020–2027 (USD Million)

Table 68 Japan: Concentrating Solar Power Market, by Components, 2020–2027 (USD Million)

Table 69 Japan: Concentrating Solar Power Market, by End-User, 2020–2027 (USD Million)

Table 70 India: Concentrating Solar Power Market, by Technology, 2020–2027 (USD Million)

Table 71 India: Concentrating Solar Power Market, by Components, 2020–2027 (USD Million)

Table 72 India: Concentrating Solar Power Market, by End-User, 2020–2027 (USD Million)

Table 73 Australia: Concentrating Solar Power Market, by Technology, 2020–2027 (USD Million)

Table 74 Australia: Concentrating Solar Power Market, by Components, 2020–2027 (USD Million)

Table 75 Australia: Concentrating Solar Power Market, by End-User, 2020–2027 (USD Million)

Table 76 Rest of Asia-Pacific: Concentrating Solar Power Market, by Technology, 2020–2027 (USD Million)

Table 77 Rest of Asia-Pacific: Concentrating Solar Power Market, by Components, 2020–2027 (USD Million)

Table 78 Rest of Asia-Pacific: Concentrating Solar Power Market, by End-User, 2020–2027 (USD Million)

Table 79 Middle East & Africa: Concentrating Solar Power Market, by Country, 2020–2027 (USD Million)

Table 80 Middle East & Africa: Concentrating Solar Power Market, by Technology, 2020–2027 (USD Million)

Table 81 Middle East & Africa: Concentrating Solar Power Market, by Components, 2020–2027 (USD Million)

Table 82 Middle East: Concentrating Solar Power Market, by End-User, 2020–2027 (USD Million)

Table 83 Saudi Arabia: Concentrating Solar Power Market, by Technology, 2020–2027 (USD Million)

Table 84 Saudi Arabia: Concentrating Solar Power Market, by Components, 2020–2027 (USD Million)

Table 85 Saudi Arabia: Concentrating Solar Power Market, by End-User, 2020–2027 (USD Million)

Table 86 UAE: Concentrating Solar Power Market, by Technology, 2020–2027 (USD Million)

Table 87 UAE: Concentrating Solar Power Market, by Components, 2020–2027 (USD Million)

Table 88 UAE: Concentrating Solar Power Market, by End-User, 2020–2027 (USD Million)

Table 89 Qatar: Concentrating Solar Power Market, by Technology, 2020–2027 (USD Million)

Table 90 Qatar: Concentrating Solar Power Market, by Components, 2020–2027 (USD Million)

Table 91 Qatar: Concentrating Solar Power Market, by End-User, 2020–2027 (USD Million)

Table 92 South Africa: Concentrating Solar Power Market, by Technology, 2020–2027 (USD Million)

Table 93 South Africa: Concentrating Solar Power Market, by Components, 2020–2027 (USD Million)

Table 94 South Africa: Concentrating Solar Power Market, by End-User, 2020–2027 (USD Million)

Table 95 Rest of the Middle East & Africa: Concentrating Solar Power Market, by Technology, 2020–2027 (USD Million)

Table 96 Rest of the Middle East & Africa: Concentrating Solar Power Market, by Components, 2020–2027 (USD Million)

Table 97 Rest of the Middle East & Africa: Concentrating Solar Power Market, by End-User, 2020–2027 (USD Million)

Table 98 South America: Concentrating Solar Power Market, by Country, 2020–2027 (USD Million)

Table 99 South America: Concentrating Solar Power Market, by Technology, 2020–2027 (USD Million)

Table 100 South America: Concentrating Solar Power Market, by Components, 2020–2027 (USD Million)

Table 101 South America: Concentrating Solar Power Market, by End-User, 2020–2027 (USD Million)

Table 102 Brazil: Concentrating Solar Power Market, by Technology, 2020–2027 (USD Million)

Table 103 Brazil: Concentrating Solar Power Market, by Components, 2020–2027 (USD Million)

Table 104 Brazil: Concentrating Solar Power Market, by End-User, 2020–2027 (USD Million)

Table 105 Argentina: Concentrating Solar Power Market, by Technology, 2020–2027 (USD Million)

Table 106 Argentina: Concentrating Solar Power Market, by Components, 2020–2027 (USD Million)

Table 107 Argentina: Concentrating Solar Power Market, by End-User, 2020–2027 (USD Million)

Table 108 Rest of South America: Concentrating Solar Power Market, by Technology, 2020–2027 (USD Million)

Table 109 Rest of South America: Concentrating Solar Power Market, by Components, 2020–2027 (USD Million)

Table 110 Rest of South America: Concentrating Solar Power Market, by End-User, 2020–2027 (USD Million)

 

List of Figures

Figure 1 Research Process of MRFR

Figure 2 Top-Down and Bottom-Up Approach

Figure 3 Market Dynamics

Figure 4 Impact Analysis: Market Drivers

Figure 5 Impact Analysis: Market Restraints

Figure 6 Porter’s Five Forces Analysis

Figure 7 Value Chain Analysis

Figure 8 Global Concentrating Solar Power Market Share, by Technology, 2020 (%)

Figure 9 Global Concentrating Solar Power Market, by Technology, 2020–2027 (USD Million)

Figure 10 Global Concentrating Solar Power Market Share, by Components, 2020 (%)

Figure 11 Global Concentrating Solar Power Market, by Components, 2020–2027 (USD Million)

Figure 12 Global Concentrating Solar Power Market Share, by End-User, 2020 (%)

Figure 13 Global Concentrating Solar Power Market, by End-User, 2020–2027 (USD MILLION)

Figure 14 Global Concentrating Solar Power Market Share (%), by Region, 2020

Figure 15 Global Concentrating Solar Power Market, by Region, 2020–2027 (USD million)

Figure 16 North America: Concentrating Solar Power Market Share (%), 2020

Figure 17 North America: Concentrating Solar Power Market, by Country, 2020–2027 (USD Million)

Figure 18 Europe: Concentrating Solar Power Market Share (%), 2020

Figure 19 Europe: Concentrating Solar Power Market, by Country, 2020–2027 (USD Million)

Figure 20 Asia-Pacific: Concentrating Solar Power Market Share (%), 2020

Figure 21 Asia-Pacific: Concentrating Solar Power Market, by Country, 2020–2027 (USD Million)

Figure 22 Middle East & Africa: Concentrating Solar Power Market Share (%), 2020

Figure 23 Middle East & Africa: Concentrating Solar Power Market, by Region, 2020–2027 (USD Million)

Figure 24 South America: Concentrating Solar Power Market Share (%), 2020

Figure 25 South America: Concentrating Solar Power Market, by Country, 2020–2027 (USD Million)

Concentrating Solar Power Market

Concentrating Solar Power Market is expected to be valued at USD 16.41 Billion, with a CAGR of 17.1% Forecast by 2027

Segmentation

By Technology Parabolic Trough Power Tower Linear Fresnel Dish/Engine System
By Components Solar Field Power Block Thermal Storage
By End-Use Utilities Enhanced Oil Recovery (Eor) Others

Key Players

  • Abengoa Solar SA (Spain)
  • Acciona Energy (Spain)
  • GE Renewable Energy (France)
  • TSK Flagsol Engineering GmbH (Germany)
  • Enel Green Power (Italy)
  • BrightSource Energy (US)
  • Atlantica Yield PLC (UK)
  • eSolar Inc. (US)
  • SolarReserve (US)
  • ACWA Power (Saudi Arabia)
  • Chiyoda Corporation (Japan)
  • Alsolen (Morocco)

Drivers

  • Growing environmental concerns over carbon emissions
  • Government initiatives to enable renewable technologies
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Concentrating Solar Power Market Overview:


The Concentrating Solar Power energy is obtained by concentrating the sun rays with the help of mirrors, the temperature of the Concentrating Solar Power ranges between 400 and 1000°C. The Concentrating sunlight is sent onto the receiver where the intense thermal energy is carried to the power block to generate electricity with the help of a heat transfer medium. The basic principle of Concentrating Solar Power systems is driving a heat engine to generate electricity that can then be fed into the grid. The major drivers of the market are due to the advantages of Concentrating Solar Power systems over other Solar energy systems. CSP systems can store solar energy for later usage, when there is higher energy demand or during cloudy days. 


Concentrating Solar Power Market outlook appears to be promising due to the capability of Concentrating Solar Power systems to supply power with zero CO2 emission drive the growth of the market due to increasing awareness in reducing the carbon emissions. Several developing countries and higher economies are looking out for systems that are highly effective in generating power with minimal carbon emissions. They are also encouraging householders to incorporate solar systems to minimize carbon emissions. This prevalence of attitude has been attributed to the growth of Concentrating Solar Power Market.


COVID 19 Analysis:


The Concentrating Solar Power industry was not much affected by the novel COVID-19, however, the increasing demand for the uninterrupted power supply at hospitals and health facilities and the energy demand from the industrial sectors has attributed to the renewable energy market growth throughout the year 2020. This factor reassured a robust rise in the Concentrating Solar Power Market.


The installation operations of the Concentrating Solar Power plant require huge human force, which has become impossible due to the lockdowns. Several ongoing projects have been held for unspecified timelines across the globe due to a shortage of laborers, delays in logistics. As China is immensely affected by COVID 19, the exporting operations of solar trackers and other essential pieces of equipment employed in Concentrating Solar Power systems have been affected severely. The country accounts for about 40% of the overall export of Solar equipment. Since the production of solar modules and concerning equipment was being halted, impacted the global Concentrating Solar Power market growth.


But on the brighter side, we can expect the solar energy industry to bounce back on track soon as compared to oil or gas industries. This factor will propel the market players to invest in concentrating solar power technologies across the globe and thereby driving the market at a healthy rate.


Market dynamics:


Market drivers:


The growing concerns over carbon emissions to the environment have propelled governments across the globe to impose strategies and regulations upon the industrial and commercial sectors. The Global Concentrating Solar Power market is expected to grow at a higher rate as it aids in cutting down the electricity bills and the technology is based on a renewable source- solar energy. Conventional electricity generation imposes a significant amount of Greenhouse gases emissions when the coal or natural gas is burnt. 


The Concentrating Solar Power systems possess a dispatchable feature that the generated power can be dispatched to the power grid at their request. Also, the storage capacity of the systems is considered a key factor that drives the market. The current technology in Concentrating solar power systems enables them to store thermal energy over 16 hours. 


The Concentrating Solar Power industries utilize the heat transferring fluids to transfer the heat from the absorbers to the engine, these fluids are also known as thermo-fluids. Synthetic hydrocarbon oils are preferred for their excellent heat transferring capability and lower viscosities. They are capable of operating at higher temperatures of up to 400°C. In other cases, hydrocarbons like Phenylnapthalene are utilized in CSP applications as they can withstand higher temperatures of above 500°C and are liquid at room temperatures. Owing to the varied availability of the heat transfer fluids and their favorable features aids in increasing the Concentrating Solar Power market.


Market opportunities:


Compared to the other solar systems, Concentrating Solar Power systems are efficient because of the storage capacity which is crucial in countries that suffer higher power demand and lower energy productivity, Countries that receive moderate to low solar energy are also benefitted from the Concentrating Solar Power systems due to their storage capacities. Thermal energy storage tanks are utilized by the Concentrating Solar Power systems to store the thermal energy to use when the energy demand is higher. This factor has caused the advent of newer technologies to the market and thereby increased the overall Concentrating Solar Power market growth. 


The hybridization of the two or more solar systems also assures the Concentrating Solar Power market growth. Integrating various technologies with the Concentrating Solar Power Systems and utilizing different energy sources is possible, this flexibility of the Concentrating Solar Power systems is considered as a key market opportunity.


The U.S Department of Solar Energy Technologies Office continues to support the Concentrating Solar Power Systems and helps in improving the performance, lifetime, components, reliability of the materials utilized and thereby reducing the cost of electricity. The research shows that the novel innovations have helped in cutting electricity costs by 50%. The SETO continues to work in its goal of reaching $0.05 per Kilowatt per hour. 


Market restraints:


Concentrating Solar Power Systems are highly capital-intensive owing to the intricate technologies and installations. This is considered as the key market restraint.


The components used are also highly specific for an effective operation. Molten Salts have been utilized by major Concentrating Solar Power Systems, as they are capable of operating in higher temperatures up to 800°C. But the downside of using the Molten salt for heat transfer suffers freezing problems. Liquid metals like Sodium, lead or their alloys are employed in some Concentrating Solar Power Systems, they also possess serious safety hazards and they possess lower heat capacities. Alkali metals possess the risk of reacting to air and water and might lead to accidental fires.


Market challenges:


The cost reduction of PV systems has seriously impacted the Concentrating Solar Power market share. Also, the Concentrating Solar Power Systems require a flat land or land with a very low slope, the inclination of 1%- 3% is suited for the installation of Concentrating Solar Power Systems. However, the lands with a 3% inclination will increase the cost of the plant. Finding suitable, non-agricultural lands is considered a key challenge by the market players.


Concentrating Solar Power Plants require substantial amounts of water for cooling and cleaning purposes. The majority of the Concentrating Solar Power Plants are installed in the arid and semi-arid regions for direct sunlight and suitable land. However, these lands face a huge water scarcity crisis. 


Cumulative growth analysis:


Concentrating Solar Power Market size was valued at USD 6.08 Billion in the year 2020 and is expected to surpass USD 12.9 Billion by 2028, with a CAGR of 9.96% from the year 2021 to 2028. The growing concern regarding the carbon footprint from the industrial and commercial sectors and the rising demand for power from the countries that are struggling without access to electricity has propelled the Concentrating Solar Power Market growth. Owing to the increasing advent of novel technologies concerning heat transfer fluids, materials, technologies, the Concentrating Solar Power market share is expected to witness steady growth in the forecast period.


Electrical energy is seen as one of the most essential requirements in human life. Growing industrial and commercial activities, population, and shift in lifestyles have increased the electricity demand and are expected to grow for the years to come. The Concentrating Solar Power systems are considered the most promising in generating electricity, as the previous solar systems are fairly inefficient and costly. The utilization of mirrors to concentrate the solar power and the dispatching capacity are the primary reasons for their efficiency.


Value chain analysis:


The solar power tower segment is heightened in recent years as they consume lesser water compared to other types. Water is the major constraint for the growth of the Concentrating Solar Power Market Growth. The higher storage capacity and lower operational costs make it lead the market segment.


According to EIA, thermal energy surpasses biomass to become the third most prevalent renewable electricity source. As the electricity demand continues to grow, the Concentrating Solar Power Market is expected to grow at a faster pace. This factor has propelled the countries like India, China, the US, Italy, and others globally to install solar panels to generate electricity and has bolstered the Concentrating Solar Power Market growth. The attractive features of the thermo-fluids and the thermal energy storage tanks have enabled the Concentrating Solar Power Systems to store the thermal energy easier than storing electricity. China has reported that it has operated about 12 Concentrating Solar Power plants by the end of the year 2020. Such reports have propelled other countries also to invest in their solar-based projects.


Segment overview:


Based on the technology :



  • Solar Power Tower

  • Linear Concentrating Systems

  • Stirling Dish technology

  • Parabolic trough


Based on the operation type:



  • Stand-alone Systems

  • With Storage


Based on the capacity:



  • Less than 50 MW

  • 50 MW to 99 MW

  • 100 MW and above


Based on the end-user:



  • Utilities

  • Desalination

  • Others


Regional analysis:


 A study conducted by Greenpeace international states that the Concentrating Solar Power Systems could account for about 25% of the worlds energy needs by end of the year 2050. The investment for these systems is also expected to reach between 2 billion euros to 92.5 billion euros. China is considered as the leading country in the market concerning the increasing investment in the Concentrating Solar Power industry as the country is already focusing on generating continuous renewable electricity to support their industrial and economic activities. 


Due to the increasing population and shift in lifestyle, the Asia-pacific region is expected to invest more in Concentrating Solar Power systems and solar projects for the upcoming years. Increased foreign investments, growing industries' universal shift in the production line have created a huge impact on the market. 


Competitive landscape:


The growing demand for cost-effective, energy-generating solutions tends to increase the number of market players in the forecast period. 



  • Abengoa Solar

  • SA (Spain)

  • Acciona Energy (Spain)

  • GE Renewable Energy (France)

  • TSK Flagsol Engineering GmbH (Germany)

  • Enel Green Power (Italy)

  • BrightSource Energy (US)

  • Atlantica Yield PLC (UK)

  • eSolar Inc. (US)

  • SolarReserve (US)

  • ACWA Power (Saudi Arabia)


Recent developments:


Solar Cured coating:


In December 2019, a California-based company has developed a solar-cured coating that provides higher efficiency when utilized in tower CSP. The coating offers a longer lifetime and higher absorption of sunlight which in turn helps in reducing the O&M costs.


Salt at high temperatures:


The major restraint of using molten salts is their corrosive nature when it is heated. To counteract the issue, researchers have developed a salt mixture that reduces the corrosion to a significant amount while reaching a temperature over 800°C. 


To continue the utilization of the molten salts in the Concentrating Solar Power Systems, a laboratory in the USA had attempted to develop CSP systems by using Magnesium and Zirconium which keeps the molten salts in the play.


Segmentation Table:


Based on the technology :



  • Solar Power Tower

  • Linear Concentrating Systems

  • Stirling Dish technology

  • Parabolic trough


Based on the operation type:



  • Stand-alone Systems

  • With Storage


Based on the capacity:



  • Less than 50 MW

  • 50 MW to 99 MW

  • 100 MW and above 


Based on the end-user:



  • Utilities

  • Desalination

  • Others



Report Scope:
Report Attribute/Metric Details
  Market Size

  • 2027: USD 16.41 billion
  • 2030 : Significant value
  •   CAGR   17.1%% CAGR (2022-2030)
      Base Year   2021
      Forecast Period   2022Β toΒ 2030
      Historical Data   2019Β &Β 2020
      Forecast Units   Value (USD Billion)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   Technology, Components, End User
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   Abengoa Solar, SA (Spain), Acciona Energy (Spain), GE Renewable Energy (France), TSK Flagsol Engineering GmbH (Germany), Enel Green Power (Italy), BrightSource Energy (US), Atlantica Yield PLC (UK), eSolar Inc. (US), SolarReserve (US), ACWA Power (Saudi Arabia), Chiyoda Corporation (Japan), Alsolen (Morocco), and Soligua (Italy)
      Key Market Opportunities   New product launches and R&D Amongst major key Players
      Key Market Drivers

  • Growing environmental concerns over carbon emissions
  • Government initiatives to enable renewable technologies


  • Speak to Analyst Ask for Customization

    Frequently Asked Questions (FAQ) :

    1. Maximum load, 2. Operational strategy, 3. Nominal temperature, 4. Integration into the power plan

    The PV system also utilizes sunlight to generate electricity. But it has no moving parts in it which has the risk of wearing out.

    The excessive usage of water and requirement of land and usage of hazardous materials are considered as major environmental effects caused due to the installation of CSP.

    The technology used, operating temperature, thermal losses are the major factors that affect the efficiency of the Concentrating Solar Power Systems.