March 28, 2024

Concentrated Solar Power Market Size to Reach US$ 133.43 Billion By 2030

The concentrated solar power market was valued approximately at US$ 41.73 Bn in 2021 and is projected to hit US$ 133.43 Bn by 2030, registering a CAGR of 13.8% every year.

Concentrated Solar Power Market Size, Statistics 2022 to 2030

The base year for the study has been considered 2021, the historic year 2017 and 2020, the forecast period considered is from 2022 to 2030. The concentrated solar power market is analyzed on the basis of value (US$ Million), volume (Unit), and price (US$/Unit).

The global concentrated solar power market is primarily driven by the rising adoption of the renewable energy sources owing to the rising government initiatives and curbing the carbon emissions. The increased pollution levels have forced the governments across the globe to frame favorable regulation that can boost the adoption of the renewable and green energy sources. Moreover, the availability of advanced technologies such as Fresnel reflectors, parabolic troughs, and power towers are positively contributing towards the growth of the market.

Technological advancements such as proppants, high temperature salts, and sCO2 facilitate heat transfer with minimum losses. Furthermore, the increasing investments for the development of innovative glass coatings that can reduce the light reflection away from the glass is expected to foster the concentrated solar power market in the forthcoming future. Further, the cheap cost and enhanced efficiencies of the concentrated solar power systems over the solar PV has significantly driven the global concentrated solar power market.

Download a FREE Sample Copy (Including TOC, List of Tables & Figures, and Chart) @ https://www.precedenceresearch.com/sample/1606

Concentrated Solar Power Market Scope
Report CoverageDetails
Market Size by 2030USD 133.43 Billion
Growth Rate from 2022 to 2030CAGR of 13.8%
Asia Pacific Market Share in 202042%
Parabolic Trough Segment Market Share in 202085%
Base Year2021
Forecast Period2022 to 2030
Concentrated Solar Power Market: Report Highlights
  • Based on the application, the utility segment dominated the global market in 2020. This is attributed to the rising number of concentrated solar projects in the developing markets such as Asia Pacific and Middle East. The rapid industrialization and urbanization is a significant factor that is expected to propel the growth of this segment.
  • Based on the technology, the power tower is estimated to be the most opportunistic segment. Cheap cost, improved design, and easy installation are some of the features that are expected to drive the growth of this segment during the forecast period.
Concentrated Solar Power Market : Regional Snapshot

Asia Pacific garnered a market share of around 42% and led the global concentrated solar power market in 2020. This is attributed to the surging installation of the concentrated solar power plants in the countries like China. Asia pacific is witnessing rapid industrialization and rapid urbanization, which is boosting the need for efficient power supply. Moreover, the rising air pollution levels in the region is encouraging the government and corporate sector to opt for the renewable energy sources. The development of favorable government policies that encourages the adoption of the renewable energy sources is playing a prominent role in the growth of the Asia Pacific concentrated solar power market.

North America was the second leading market in 2020. North America is characterized by the increased awareness regarding the carbon emissions, strict laws regarding the environment protection, and government subsidies for encouraging the adoption of the renewable sources of energy. Furthermore, the higher adoption of latest technologies and increased investments in the deployment of the renewable power sources is a significant driver of the North America concentrated solar power market.

Developing regions like Middle East is expected to witness a significant growth rate during the forecast period, owing to the rising infrastructural developments coupled with the increased demand for the energy plants. Moreover, the government initiatives and the key strategies adopted by the key market players are contributing towards the market growth. For instance, in 2018, United Arab Emirates increased its sustainable energy capacity and reached 2 GW out of 30 GW due to the commissioning of at Bin Rashid Al Maktoum Solar Park in Abu Dhabi.

Read Also: Endoscopes Market Size to Touch US$ 25.25 Billion By 2030

Concentrated Solar Power Market Dynamics
Driver

Rising efforts to control carbon emission and curb air pollution

The increased pollution levels due to the emissions from various sources has resulted in the climate change and harmful impact on the environment. Burning of fossil fuels like coal, oil, and gas is a major factor behind the increased levels of carbon emissions. This has forced the government to take necessary steps to curb the carbon footprint and invest in the development of renewable power technologies. This is a major factor that is expected to drive the market growth.

Restraint

High initial investments associated with the concentrated solar power technology

The components used in the concentrated solar power technology is very costly. The initial investment accounts for 80% of the total cost of installing concentrated solar power technology. Furthermore, additional costs are involved in the maintenance and operation of the systems. Therefore, the high capital investments is the major factor that may hinder the market growth during the forecast period.

Opportunity

Integration of the concentrated solar power to the hybrid plants

The hybrid power plants are capable of using two or more sources fuel to generate power. The solar power is gaining rapid traction across the globe. The availability of the hybrid power plants is capable of utilizing the solar energy for generating power. The rising adoption of the hybrid power plants is expected to have a positive impact on the market growth in the forthcoming future.

Challenge

Complexities of the concentrated solar power systems

There are certain complexities associated with the designing and installation of the concentrated solar power systems. These complexities may reduce the demand for the concentrated solar power and opt for alternatives like solar PV. This is a major threat faced by the market players.

Some of the prominent players in the global concentrated solar power market include:
  • Abengoa Solar
  • TSK Flagsol Engineering
  • Acciona Energy
  • GE Renewable Energy
  • Enel Green Power
  • Suntrace
  • Shams Power
  • BrightSource Energy, Inc.
  • CSP Services
  • ACWA Power
  • Atlantica Yield PLC
  • Therminol
  • SolarReserve
  • Chiyoda Corporation
Segments Covered in the Report
By Application
  • Enhanced Oil Recovery
  • Desalination
  • Utility
  • Others
By Technology
  • Linear Fresnel
  • Dish
  • Parabolic Trough
  • Power Tower
By Capacity
  • Less than 50 MW
  • 50 MW to 99 MW
  • 100 MW and above
By Operation Type
  • Stand-alone Systems
  • With Storage
By Geography
  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Malaysia
    • Philippines
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & Africa (MEA)
    • GCC
    • North Africa
    • South Africa
    • Rest of the Middle East & Africa 

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Concentrated Solar Power Market 

5.1. COVID-19 Landscape: Concentrated Solar Power Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Concentrated Solar Power Market, By Application

8.1. Concentrated Solar Power Market, by Application Type, 2022-2030

8.1.1. Enhanced Oil Recovery

8.1.1.1. Market Revenue and Forecast (2017-2030)

8.1.2. Desalination

8.1.2.1. Market Revenue and Forecast (2017-2030)

8.1.3. Utility

8.1.3.1. Market Revenue and Forecast (2017-2030)

8.1.4. Others

8.1.4.1. Market Revenue and Forecast (2017-2030)

Chapter 9. Global Concentrated Solar Power Market, By Technology

9.1. Concentrated Solar Power Market, by Technology, 2022-2030

9.1.1. Linear Fresnel

9.1.1.1. Market Revenue and Forecast (2017-2030)

9.1.2. Dish

9.1.2.1. Market Revenue and Forecast (2017-2030)

9.1.3. Parabolic Trough

9.1.3.1. Market Revenue and Forecast (2017-2030)

9.1.4. Power Tower

9.1.4.1. Market Revenue and Forecast (2017-2030)

Chapter 10. Global Concentrated Solar Power Market, By Capacity Type 

10.1. Concentrated Solar Power Market, by Capacity Type, 2022-2030

10.1.1. Less than 50 MW

10.1.1.1. Market Revenue and Forecast (2017-2030)

10.1.2. 50 MW to 99 MW

10.1.2.1. Market Revenue and Forecast (2017-2030)

10.1.3. 100 MW and above

10.1.3.1. Market Revenue and Forecast (2017-2030)

Chapter 11. Global Concentrated Solar Power Market, By Operation Type 

11.1. Concentrated Solar Power Market, by Operation Type, 2022-2030

11.1.1. Stand-alone Systems

11.1.1.1. Market Revenue and Forecast (2017-2030)

11.1.2. With Storage

11.1.2.1. Market Revenue and Forecast (2017-2030)

Chapter 12. Global Concentrated Solar Power Market, Regional Estimates and Trend Forecast

12.1. North America

12.1.1. Market Revenue and Forecast, by Application (2017-2030)

12.1.2. Market Revenue and Forecast, by Technology (2017-2030)

12.1.3. Market Revenue and Forecast, by Capacity Type (2017-2030)

12.1.4. Market Revenue and Forecast, by Operation Type (2017-2030)

12.1.5. U.S.

12.1.5.1. Market Revenue and Forecast, by Application (2017-2030)

12.1.5.2. Market Revenue and Forecast, by Technology (2017-2030)

12.1.5.3. Market Revenue and Forecast, by Capacity Type (2017-2030)

12.1.5.4. Market Revenue and Forecast, by Operation Type (2017-2030)

12.1.6. Rest of North America

12.1.6.1. Market Revenue and Forecast, by Application (2017-2030)

12.1.6.2. Market Revenue and Forecast, by Technology (2017-2030)

12.1.6.3. Market Revenue and Forecast, by Capacity Type (2017-2030)

12.1.6.4. Market Revenue and Forecast, by Operation Type (2017-2030)

12.2. Europe

12.2.1. Market Revenue and Forecast, by Application (2017-2030)

12.2.2. Market Revenue and Forecast, by Technology (2017-2030)

12.2.3. Market Revenue and Forecast, by Capacity Type (2017-2030)

12.2.4. Market Revenue and Forecast, by Operation Type (2017-2030)

12.2.5. UK

12.2.5.1. Market Revenue and Forecast, by Application (2017-2030)

12.2.5.2. Market Revenue and Forecast, by Technology (2017-2030)

12.2.5.3. Market Revenue and Forecast, by Capacity Type (2017-2030)

12.2.5.4. Market Revenue and Forecast, by Operation Type (2017-2030)

12.2.6. Germany

12.2.6.1. Market Revenue and Forecast, by Application (2017-2030)

12.2.6.2. Market Revenue and Forecast, by Technology (2017-2030)

12.2.6.3. Market Revenue and Forecast, by Capacity Type (2017-2030)

12.2.6.4. Market Revenue and Forecast, by Operation Type (2017-2030)

12.2.7. France

12.2.7.1. Market Revenue and Forecast, by Application (2017-2030)

12.2.7.2. Market Revenue and Forecast, by Technology (2017-2030)

12.2.7.3. Market Revenue and Forecast, by Capacity Type (2017-2030)

12.2.7.4. Market Revenue and Forecast, by Operation Type (2017-2030)

12.2.8. Rest of Europe

12.2.8.1. Market Revenue and Forecast, by Application (2017-2030)

12.2.8.2. Market Revenue and Forecast, by Technology (2017-2030)

12.2.8.3. Market Revenue and Forecast, by Capacity Type (2017-2030)

12.2.8.4. Market Revenue and Forecast, by Operation Type (2017-2030)

12.3. APAC

12.3.1. Market Revenue and Forecast, by Application (2017-2030)

12.3.2. Market Revenue and Forecast, by Technology (2017-2030)

12.3.3. Market Revenue and Forecast, by Capacity Type (2017-2030)

12.3.4. Market Revenue and Forecast, by Operation Type (2017-2030)

12.3.5. India

12.3.5.1. Market Revenue and Forecast, by Application (2017-2030)

12.3.5.2. Market Revenue and Forecast, by Technology (2017-2030)

12.3.5.3. Market Revenue and Forecast, by Capacity Type (2017-2030)

12.3.5.4. Market Revenue and Forecast, by Operation Type (2017-2030)

12.3.6. China

12.3.6.1. Market Revenue and Forecast, by Application (2017-2030)

12.3.6.2. Market Revenue and Forecast, by Technology (2017-2030)

12.3.6.3. Market Revenue and Forecast, by Capacity Type (2017-2030)

12.3.6.4. Market Revenue and Forecast, by Operation Type (2017-2030)

12.3.7. Japan

12.3.7.1. Market Revenue and Forecast, by Application (2017-2030)

12.3.7.2. Market Revenue and Forecast, by Technology (2017-2030)

12.3.7.3. Market Revenue and Forecast, by Capacity Type (2017-2030)

12.3.7.4. Market Revenue and Forecast, by Operation Type (2017-2030)

12.3.8. Rest of APAC

12.3.8.1. Market Revenue and Forecast, by Application (2017-2030)

12.3.8.2. Market Revenue and Forecast, by Technology (2017-2030)

12.3.8.3. Market Revenue and Forecast, by Capacity Type (2017-2030)

12.3.8.4. Market Revenue and Forecast, by Operation Type (2017-2030)

12.4. MEA

12.4.1. Market Revenue and Forecast, by Application (2017-2030)

12.4.2. Market Revenue and Forecast, by Technology (2017-2030)

12.4.3. Market Revenue and Forecast, by Capacity Type (2017-2030)

12.4.4. Market Revenue and Forecast, by Operation Type (2017-2030)

12.4.5. GCC

12.4.5.1. Market Revenue and Forecast, by Application (2017-2030)

12.4.5.2. Market Revenue and Forecast, by Technology (2017-2030)

12.4.5.3. Market Revenue and Forecast, by Capacity Type (2017-2030)

12.4.5.4. Market Revenue and Forecast, by Operation Type (2017-2030)

12.4.6. North Africa

12.4.6.1. Market Revenue and Forecast, by Application (2017-2030)

12.4.6.2. Market Revenue and Forecast, by Technology (2017-2030)

12.4.6.3. Market Revenue and Forecast, by Capacity Type (2017-2030)

12.4.6.4. Market Revenue and Forecast, by Operation Type (2017-2030)

12.4.7. South Africa

12.4.7.1. Market Revenue and Forecast, by Application (2017-2030)

12.4.7.2. Market Revenue and Forecast, by Technology (2017-2030)

12.4.7.3. Market Revenue and Forecast, by Capacity Type (2017-2030)

12.4.7.4. Market Revenue and Forecast, by Operation Type (2017-2030)

12.4.8. Rest of MEA

12.4.8.1. Market Revenue and Forecast, by Application (2017-2030)

12.4.8.2. Market Revenue and Forecast, by Technology (2017-2030)

12.4.8.3. Market Revenue and Forecast, by Capacity Type (2017-2030)

12.4.8.4. Market Revenue and Forecast, by Operation Type (2017-2030)

12.5. Latin America

12.5.1. Market Revenue and Forecast, by Application (2017-2030)

12.5.2. Market Revenue and Forecast, by Technology (2017-2030)

12.5.3. Market Revenue and Forecast, by Capacity Type (2017-2030)

12.5.4. Market Revenue and Forecast, by Operation Type (2017-2030)

12.5.5. Brazil

12.5.5.1. Market Revenue and Forecast, by Application (2017-2030)

12.5.5.2. Market Revenue and Forecast, by Technology (2017-2030)

12.5.5.3. Market Revenue and Forecast, by Capacity Type (2017-2030)

12.5.5.4. Market Revenue and Forecast, by Operation Type (2017-2030)

12.5.6. Rest of LATAM

12.5.6.1. Market Revenue and Forecast, by Application (2017-2030)

12.5.6.2. Market Revenue and Forecast, by Technology (2017-2030)

12.5.6.3. Market Revenue and Forecast, by Capacity Type (2017-2030)

12.5.6.4. Market Revenue and Forecast, by Operation Type (2017-2030)

Chapter 13. Company Profiles

13.1. Abengoa Solar

13.1.1. Company Overview

13.1.2. Product Offerings

13.1.3. Financial Performance

13.1.4. Recent Initiatives

13.2. TSK Flagsol Engineering

13.2.1. Company Overview

13.2.2. Product Offerings

13.2.3. Financial Performance

13.2.4. Recent Initiatives

13.3. Acciona Energy

13.3.1. Company Overview

13.3.2. Product Offerings

13.3.3. Financial Performance

13.3.4. Recent Initiatives

13.4. GE Renewable Energy

13.4.1. Company Overview

13.4.2. Product Offerings

13.4.3. Financial Performance

13.4.4. Recent Initiatives

13.5. Enel Green Power

13.5.1. Company Overview

13.5.2. Product Offerings

13.5.3. Financial Performance

13.5.4. Recent Initiatives

13.6. Suntrace

13.6.1. Company Overview

13.6.2. Product Offerings

13.6.3. Financial Performance

13.6.4. Recent Initiatives

13.7. Shams Power

13.7.1. Company Overview

13.7.2. Product Offerings

13.7.3. Financial Performance

13.7.4. Recent Initiatives

13.8. BrightSource Energy, Inc.

13.8.1. Company Overview

13.8.2. Product Offerings

13.8.3. Financial Performance

13.8.4. Recent Initiatives

13.9. CSP Services

13.9.1. Company Overview

13.9.2. Product Offerings

13.9.3. Financial Performance

13.9.4. Recent Initiatives

13.10. ACWA Power

13.10.1. Company Overview

13.10.2. Product Offerings

13.10.3. Financial Performance

13.10.4. Recent Initiatives

13.11. Atlantica Yield PLC

13.11.1. Company Overview

13.11.2. Product Offerings

13.11.3. Financial Performance

13.11.4. Recent Initiatives

Chapter 14. Research Methodology

14.1. Primary Research

14.2. Secondary Research

14.3. Assumptions

Chapter 15. Appendix

15.1. About Us

15.2. Glossary of Terms

Why Buy this Report?

The purpose of Precedence Research’s concentrated solar power market study is to provide stakeholders with a detailed picture of potential barriers and untapped opportunities. The report contains exclusive information to assist businesses in making informed decisions about how to maintain growth throughout the assessment period.

Buy Full Research Report (Single User License US$ 4500) @ https://www.precedenceresearch.com/checkout/1606

Contact Us:

Mr. Alex

Sales Manager

Call: +1 9197 992 333

Email: sales@precedenceresearch.com

Web: https://www.precedenceresearch.com

Blog: https://precedenceresearchnews.wordpress.com

Frequently Asked Questions:

[sc_fs_multi_faq headline-0=”h6″ question-0=”What is the current size of concentrated solar power market?” answer-0=”According to Precedence Research, the global concentrated solar power market size was reached at US$ 41.73 billion in 2021 and is anticipated to grow at US$ 133.43 billion by 2030. ” image-0=”” headline-1=”h6″ question-1=”What will be the CAGR of global concentrated solar power market?” answer-1=”The global concentrated solar power market is growing at a CAGR of 13.8% obver the forecast period 2022 to 2030. ” image-1=”” headline-2=”h6″ question-2=”Who are the major players operating in the concentrated solar power market?” answer-2=”The major players operating in the concentrated solar power market are Abengoa Solar, TSK Flagsol Engineering, Acciona Energy, GE Renewable Energy, Enel Green Power, Suntrace, Shams Power, BrightSource Energy, Inc., CSP Services, ACWA Power, Atlantica Yield PLC, Therminol, SolarReserve, Chiyoda Corporation. ” image-2=”” headline-3=”h6″ question-3=”Which are the driving factors of the concentrated solar power market?” answer-3=”The global concentrated solar power market is primarily driven by the rising adoption of the renewable energy sources owing to the rising government initiatives and curbing the carbon emissions. ” image-3=”” headline-4=”h6″ question-4=”Which region will lead the global concentrated solar power market?” answer-4=”Asia Pacific region will lead the global concentrated solar power market in near future.” image-4=”” headline-5=”h6″ question-5=”” answer-5=”” image-5=”” count=”6″ html=”true” css_class=””]

Precedence Research

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

View all posts by Precedence Research →