PUBLISHER: Value Market Research | PRODUCT CODE: 1288879
PUBLISHER: Value Market Research | PRODUCT CODE: 1288879
The global demand for Space-based Solar Power Market is presumed to reach the market size of nearly USD 4204.09 MN by 2030 from USD 518.56 MN in 2022 with a CAGR of 29.9% under the study period of 2023 - 2030. Regarding volume, the market was calculated XX Mega Watt in 2022 and forecast to touch XX Mega Watt by 2028 with a CAGR of XX% during 2023-2030.
Space-based solar power, or SBSP, is a concept for collecting solar power in outer space using an array of solar panels and transmitting the energy to Earth via microwave or laser beams. The idea behind SBSP is that solar panels in space would receive continuous sunlight without any atmospheric interference, resulting in a more efficient collection of solar energy compared to solar panels on Earth. The basic concept of SBSP involves launching a large satellite into geostationary orbit, where it would remain stationary relative to Earth's rotation. This satellite would be equipped with solar panels that would capture solar energy and convert it into electricity which can be sent back to Earth using microwaves or laser beams.
As economies expand and the population increases, there is an increasing demand for energy. SBSP has the potential to provide a constant and renewable source of energy, reducing dependence on fossil fuels and meeting the growing demand for energy. Technological advancements in solar cell technology, space transportation, and wireless power transmission are making SBSP more feasible and cost-effective. These advancements are driving the development of new SBSP projects and increasing interest in the technology. SBSP has the potential to provide a secure and resilient source of energy, as it is not affected by natural disasters, extreme weather events, or geopolitical conflicts, which makes it an attractive option for governments and organizations looking to enhance their energy security and resilience. Concerns about climate change and the impact of fossil fuels on the environment are driving interest in renewable energy sources like SBSP. SBSP has the potential to provide a low-carbon source of energy, reducing greenhouse gas emissions and assisting in mitigating the impacts of climate change. While the initial costs of building SBSP infrastructure are high, the long-term cost savings could be significant. SBSP could provide a constant and reliable source of energy with low maintenance costs and no fuel costs, making it an attractive long-term investment. SBSP technology could also have potential applications for space exploration, as it could provide a reliable source of power for space missions and habitats. This potential application could drive further investment and development in the technology.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of space-based solar power. The growth and trends of Space-based Solar Power Industry provide a holistic approach to this study.
This section of the space-based solar power market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Space-based Solar Power market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the space-based solar power market include Airborne, AZUR SPACE Solar Power GmbH, CESI SpA, Fealock Innovative Materials Manufacturing & Automation, Japan Aerospace Exploration Agency, Northrop Grumman Corporation, SolAren Technologies Corporation, Solaren Corporation, SpaceTech GmbH, The Boeing Company Others. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.