Global Concentrated Solar Power Market 2022-2028

Description

List of Tables

Global Concentrated Solar Power Market Size, Share & Trends Analysis Report By Technology (Dish Stirling, Enclosed Trough, Parabolic Trough, and Fresnel Reflector), by Component (Solar Field, Tower/Concentrator Structure, Reflectors, Heat Collection Element (HCE), Pump And Heat Transfer Fluid, Thermal Energy Storage, and Power Generation System) and by Application (Industrial, Residential and Commercial) Forecast Period (2022-2028)

The global concentrated solar power market is anticipated to grow at a substantial CAGR of 9.5% during the forecast period. Increasing scope for renewable energy and depletion of fossil fuels is anticipated to propel this market. Furthermore, government authorities across the globe are promoting and creating various awareness programs for the adoption of clean energy attributed to its market is further growing. For instance, in February 2022, Hyperlight Energy working in Hylux solar steam technology received approval from California Energy Commission to develop CSP solutions of $5.4m.

The concentrated solar power market is segmented on the basis of technology, components, and application. Based on technology, the market is sub-classified into dish Stirling, enclosed trough, parabolic trough, and fresnel reflector. On the basis of components, the market is sub-divided into the solar field, tower/concentrator structure, reflectors, heat collection element (HCE), pump and heat transfer fluid, thermal energy storage, and power generation system. Furthermore, based on application, the market is sub-organized into industrial, residential, and commercial. Among the component segment, the tower/concentrator structure is dominating attributed to economically assessed products and improved designs in the products attract the customer towards it. Moreover, it is also witnessing high adoption, especially in countries with vast and huge land availability, as large areas are recommended and are better for the installation of high power towers.

Geographically market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. Europe is holding a prominent share in the market owing to the presence of leading key global market players that are developing and launching new technology-based solutions in the region. For instance, in November 2021, SENER Renewable Investments launched the first hybrid solar project in Spain that merges CSP technology with molten salt storage and photovoltaic technology. The newly launched plant is located in the municipal district of Fuentes de Andalucia, in the province of Seville and it has 6 hours units of storage capacity. Moreover, the region is also dominating owing to various government and subsidies launched are the factors.

The competitive landscape includes key strategies of leading players, recent developments, and key company analysis. The major players that contribute to the growth of the market include Abengoa Solar, Acciona Energy, Areva Solar, Bright Source Energy Inc., Cobra Energia, Esolar Inc., Glasspoint Solar, Novatec Solar, and many others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in July 2021, Heliogen Inc. is been acquired by SPAC Athena Technology, to go public for $2 Billion, and to scale operations to bring down costs and emissions in energy-intensive industries.

Research Methodology

The market study of the global concentrated solar power market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

Financial reports of companies involved in the market.
Whitepapers, research papers, and news blogs.
Company websites and their product catalog.

The report provides an in-depth analysis of the market size, and intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Global Concentrated Solar Power Market Research And Analysis By Technology

2. Global Concentrated Solar Power Market Research And Analysis By Component

3. Global Concentrated Solar Power Market Research and Analysis by Application

The Report Covers

Comprehensive research methodology of the global concentrated solar power market.
This report also includes a detailed and extensive market overview with key analyst insights.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the global concentrated solar power market.
Insights about market determinants that are stimulating the global concentrated solar power market.
Detailed and extensive market segments with the regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.

Product Code: OMR2018247

Category- Renewable Energy

1. Report Summary

Current TECHNOLOGY Analysis and Growth Potential Outlook
Impact of COVID-19 on the Global Concentrated Solar Power Market
Recovery Scenario of Global Concentrated Solar Power Market
1.1. Research Methods and Tools
1.2. Market Breakdown
- 1.2.1. By Segments
- 1.2.2. BY Region

2. Market Overview and Insights

2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key Findings
- 2.2.2. Recommendations
- 2.2.3. Conclusion

3. Competitive Landscape

3.1. Key Company Analysis
- 3.1.1. Overview
- 3.1.2. Financial Analysis
- 3.1.3. SWOT Analysis
- 3.1.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of Covid-19 on Key Players

4. Market Segmentation

4.1. Global Concentrated Solar Power Market by Technology
- 4.1.1. Dish Stirling
- 4.1.2. Enclosed Trough
- 4.1.3. Parabolic Trough
- 4.1.4. Fresnel Reflectors
4.2. Global Concentrated Solar Power Market by Component
- 4.2.1. Solar Field
  - 4.2.1.1. Tower/Concentrator Structure
  - 4.2.1.2. Reflectors
  - 4.2.1.3. Heat Collection Element (Hce)
  - 4.2.1.4. Pump And Heat Transfer Fluid
- 4.2.2. Thermal Energy Storage
- 4.2.3. Power Generation System
4.3. Global Concentrated Solar Power Market by Application
- 4.3.1. Industrial
- 4.3.2. Residential
- 4.3.3. Commercial

5. Regional Analysis

5.1. North America
- 5.1.1. US
- 5.1.2. Canada
5.2. Europe
- 5.2.1. UK
- 5.2.2. Germany
- 5.2.3. Italy
- 5.2.4. Spain
- 5.2.5. France
- 5.2.6. Rest of Europe
5.3. Asia-Pacific
- 5.3.1. China
- 5.3.2. India
- 5.3.3. Japan
- 5.3.4. South Korea
- 5.3.5. Rest of Asia-Pacific
5.4. Rest of the World

6. Company Profiles

6.1. Aalborg CSP A/S
6.2. Abengoa
6.3. ACWA Power International
6.4. Acciona, SA
6.5. Atlantica Sustainable Infrastructure PLC.
6.6. BrightSource Energy
6.7. Corporacion Acciona Energias Renovables, S.A.
6.8. DEUTSCHES INDUSTRIENETZWERK CONCENTRATED SOLAR POWER
6.9. FRENELL GmbH
6.10. E SOLAR
6.11. Enel S.p.A.,
6.12. GlassPoint
6.13. Green Living GmbH
6.14. GRUPO COBRA
6.15. INITEC Energia
6.16. RIOGLASS SOLAR HOLDING, S.A.
6.17. SCHOTT AG
6.18. SENER GRUPO DE INGENIERIA S.A.
6.19. Siemens Energy
6.20. SR ENERGY
6.21. Suntrace GmbH
6.22. Trivelli Energia srl