Concentrating Solar Power Market by Technology (Power Towers, Concentrating Systems, Stirling Dish), Operation (Stand-alone, Storage), Capacity (Less than 50MW, 50-99MW, 100MW&Above), End-User (Utilities, EOR & Others) and Region – Global Forecast to 2025

2020-07-27
Price :
Published : Jul-2020
No. of Pages : 192

 “The global concentrating solar power market size is projected to grow at a CAGR of 16.4%, from 2020 to 2025.”

The concentrating solar power market is projected to grow from an estimated USD 3.5 billion in 2020 to USD 7.6 billion by 2025, at a CAGR of 16.4% from 2020 to 2025. The environmental concerns over carbon emissions and efforts to reduce air pollution, policy support from governments to enable adoption of renewable technologies, and the integrability of CSP systems with thermal storage systems are the key factors driving the concentrating solar power market. Middle East & Africa and Asia Pacific are expected to be the largest markets for concentrating solar power during the forecasted year. The higher cost of generation compared to other renewable technologies are key pain points for concentrating solar power that can restrain the growth of the market during the forecast period.

“The solar power towers segment is expected to hold the largest share of the concentrating solar power market, by technology, during the forecast period.

The solar power towers segment is estimated to be the fastest-growing segment of the concentrating solar power market, by technology, from 2020 to 2025. The solar power tower segment is getting a boost due to the higher temperatures that can allow higher efficiency of the steam cycle and decrease water consumption for cooling the condenser. The higher temperature uses thermal energy storage for achieving schedulable power generation. Thus, increasing adoption of solar power towers due to reduction in cost or allowing greater storage for the same price is expected to drive the solar power tower segment at the highest pace during the forecast period.

“Asia Pacific: The fastest growing market for concentrating solar power.”

The Asia Pacific region is projected to grow at the fastest rate, from 2020 to 2025, followed by Middle East & Africa and North America. The region consists of major CSP installations in countries such as China, Australia and India. China is projected to grow at the highest CAGR from 2020 to 2025. This is mainly due to the increasing investment in CSP for stabilizing power grid is driving this country. In addition, the region focuses on the need to generate continuous renewable electricity to support growing economic activities will drive the concentrating solar power market in Asia Pacific region..

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:

  • By Company Type: Tier 1- 55.0%, Tier 2- 26.1%, Tier 3- 18.9%
  • By Designation: C-Level Executives- 43.1%, Managers- 37.9%, Others- 19.0%
  • By Region: Asia Pacific- 26.2%, Middle East & Africa- 41.5%, Europe- 18.4%, North America-  0.7% and South America- 0.5%

Note: The tier of the companies has been defined based on their total revenue; as of 2017: Tier 1 = >USD 5 billion, Tier 2 = USD 1 billion to USD 5 billion, and Tier 3 = < USD 1 billion.

The key players in the concentrating solar power market include Abengoa (Spain), BrightSource Energy (US), ACWA Power (Saudi Arabia), Aalborg CSP (Denmark), and SolarReserve (US) and other players such as TSK Flagsol Engineering GmbH (Germany), Alsolen (Morocco), Cobra Energia (Spain), Torresol Energy (Spain), Acciona Energy (Spain), eSolar (US), and Enel Green Power (Italy).

Study Coverage:

The report provides a complete view of the concentrating solar power market across the power industry and regions. It aims at estimating the market size and future growth potential of the market across different segments such as technology, operation type, capacity, end user, and region. Furthermore, the report includes an in-depth competitive analysis of the key players in the market, along with their company profiles, recent developments, and key market strategies.

The market has been segmented based on technology, operation type, capacity, end user, and region, with a focus on industry analysis (industry trends). The market ranking analysis of the top players, supply chain analysis, and company profiles, which together comprise and evaluate the basic views on the competitive landscape, emerging and high-growth segments of the concentrating solar power market.

Key Benefits of Buying the Report

  • The report identifies and addresses key markets for the implementation of a concentrating solar power in various industries, which would help manufacturers review the growth in demand.
  • The report helps solution providers understand the pulse of the market and provide insights into drivers, opportunities, restraints, and challenges.
  • The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.
Filed in: Energy & Power
Publisher : marketsandmarkets
More Reports
Title Price Buy Now

Renewable Drones Market by Drone Type (Multirotor and Fixed Wing), Solution (End-to-End Solution and Point Solution), End user (Solar (Photovoltaics and Concentrated Solar Power) and Wind), and Region – Global Forecast to 2025

“The renewable drones market is projected to grow at a CAGR of 27.1% from 2020 to 2025.” The renewable drones market is projected to reach USD 148 million by 2025 from an estimated USD 45 million in 2020, at a CAGR of 27.1% during the forecast period. Increasing adoption of drones for reducing cost of inspection operation, focus on asset optimization and growing construction of solar and wind farm are expected to be the key factors driving the renewable drones market. However, legal regulations for drone operations and scarcity of skilled personnel is likely to hamper the growth of the renewable drones market. “The solar, by end user, is expected to be  the fastest-growing market from 2020 to 2025.” The solar segment is categorized as solar PV and solar CSP.To meet the gr......
$5650

Switchgear Monitoring System Market by Type (GIS, AIS), Voltage (High, Medium), Component (Hardware, Software & Services), Monitoring (Temperature, PD, Gas, Others), End User (Utilities, Industries, Commercial), & Region – Global Forecast to 2025

“The global switchgear monitoring system market size is projected to grow at a CAGR of 9.7%, from 2020 to 2025.” The global switchgear monitoring system market size is projected to grow from an estimated USD 1.3 billion in 2020 to USD 2.1 billion by 2025, at a CAGR of 9.7% from 2020 to 2025. The growth of this market is driven by the increasing focus toward maximizing reliability of electrical assets through early detection of failure and renewable energy integration. Furthermore, the growth of switchgear monitoring system is fueled by rise in investments in T&D networks for upgrading the aging infrastructure. “The GIS segment is expected to hold the largest share of the switchgear monitoring system market, by type, during the forecast period.” Gas-insulated switchgear......
$4950

Commercial Water Heaters Market by Type (Electric, Gas, Oil, Heat Pump, Solar, Hybrid & Others), Liter(Below 500, 500-1,000, 1,000-3,000, 3,000-4,000 & more), Rated Capacity (Up to 10kW, 10-50kW, 50-150kW & more),and Region – Global Forecast to 2026

“The global commercial water heaters market size is projected to grow at a CAGR of 6.1%, from 2020 to 2026.” The global commercial water heaters market size is projected to reach USD 7.7 billion by 2026 from an estimated value of USD 5.4 billion in 2020, at a CAGR of 6.1%. Factors driving the growth of the commercial water heaters market include increasing investments for the development and expansion of commercial sector operations across different regions. In addition, supportive regulations and grants for using renewable sources of energy in different applications are also expected to play a key role in the growth of this market during the forecast period. “The electric segment is expected to hold the largest share of the commercial water heaters market, by technology, durin......
$5650

Power Sector Mergers and Acquisitions and Investment Trends Monthly Deal Analysis – July 2020

Power Sector Mergers and Acquisitions and Investment Trends Monthly Deal Analysis - July 2020 Summary GlobalData's "Power Sector Mergers and Acquisitions and Investment Trends Monthly Deal Analysis - July 2020" report is an essential source of data and trend analysis on the mergers and acquisitions (M&As) and financings in the power industry. The report provides detailed information on M&As, equity/debt offerings, private equity, venture financing and partnership transactions registered in the power industry in July 2020. The report portrays detailed comparative data on the number of deals and their value in the last six months, subdivided by deal types, segments and geographies. Additionally, the report provides information on the top financial advisory firms in the power industry. Dat......
$1000

Global Planned LNG Industry Outlook to 2024 – Capacity and Capital Expenditure Outlook with Details of All Planned Terminals

Global Planned LNG Industry Outlook to 2024 - Capacity and Capital Expenditure Outlook with Details of All Planned Terminals Summary Globally, 90 new-build (planned and announced) liquefaction and regasification terminals are expected to start operations between 2020 and 2024. Of these, 25 are liquefaction terminals and 65 are regasification terminals. While most of the liquefaction terminals are planned in North America, the majority of regasification terminals are planned in Asia. By 2024, the Plaquemines liquefaction terminal (20.0 mtpa) in the US leads among the planned and announced LNG liquefaction terminals globally in terms of capacity, while Al-Zour (1,155.4 bcf) in Kuwait leads among the regasification terminals. Scope - Updated information on all planned and announced LNG te......
$5000

Indonesia Power Market Outlook to 2030, Update 2020 – Market Trends, Regulations and Competitive Landscape

Indonesia Power Market Outlook to 2030, Update 2020 - Market Trends, Regulations and Competitive Landscape Summary This report elaborates the power market structure of Indonesia and provides historical and forecast numbers for capacity, generation, and consumption up to 2030. Detailed analysis of the country's power market regulatory structure, import and export trends, competitive landscape, and power projects at various stages of the supply chain are provided. The report also gives a snapshot of the power sector in of the country on broad parameters of macroeconomics, supply security, generation infrastructure, transmission and distribution infrastructure, degree of competition, regulatory scenario, and future potential. An analysis of the deals in the country's power sector is also in......
$2500

Mining Industry Quarterly Review, Q2 2020 – Tracking Commodity Prices, Production and Projects

Mining Industry Quarterly Review, Q2 2020 - Tracking Commodity Prices, Production and Projects Summary GlobalData's "Mining Industry Quarterly Review, Q2 2020 - Tracking Commodity Prices, Production and Projects" report provides a quarterly mining industry update, assessing the latest commodity trends by tracking commodity prices and global and company production for coal, iron ore, gold and copper. Analysis is provided on project momentum, based on projects that commenced operations and advanced in Q2 2020. In addition, the report also provides detailed analysis of development projects in the mining industry, segregated by country, commodity, and company and 2020 development capital expenditure for leading miners. The report also analyses impact of coronavirus on the global mining indus......
$995

Indonesia Renewable Energy Policy Handbook 2020

Indonesia Renewable Energy Policy Handbook 2020 Summary Indonesia Renewable Energy Policy Handbook 2020" is among the latest country specific policy report from GlobalData, the industry analysis specialist that offers comprehensive information on major policies governing renewable energy market in the country. The report provides the current and future renewable energy targets and plans along with the present policy framework, giving a fair idea of overall growth potential of the renewable energy industry. The report also provides major technology specific policies and incentives provided in the country. The report is built using data and information sourced from industry associations, government websites and statutory bodies. The information is also sourced through other secondary resea......
$500

Brazil Renewable Energy Policy Handbook 2020

Brazil Renewable Energy Policy Handbook 2020 Summary Brazil Renewable Energy Policy Handbook 2020" is among the latest country specific policy report from GlobalData, the industry analysis specialist that offers comprehensive information on major policies governing renewable energy market in the country. The report provides the current and future renewable energy targets and plans along with the present policy framework, giving a fair idea of overall growth potential of the renewable energy industry. The report also provides major technology specific policies and incentives provided in the country. The report is built using data and information sourced from industry associations, government websites and statutory bodies. The information is also sourced through other secondary research so......
$500

Power Transmission and Distribution Conductors, 2020 – Global Market Size, Competitive Landscape and Key Country Analysis to 2024

Power Transmission and Distribution Conductors, 2020 - Global Market Size, Competitive Landscape and Key Country Analysis to 2024 Summary GlobalData's latest report "Power Transmission and Distribution Conductors, 2020 - Global Market Size, Competitive Landscape and Key Country Analysis to 2024" offers comprehensive information and understanding of the global transmission and distribution conductors market. The report offers in-depth market analysis at the global and key country (the US, Canada, Brazil, the UK, Germany, South Africa, Russia, China, India, and Japan) levels. The report analyses the power transmission and distribution conductors market for the historical (2015-2019) and forecast (2020-2024) periods. The report includes market drivers and restraints, country-transmission a......
$3995
We use cookies to deliver the best possible experience on our website.
By continuing to use this site, or closing this box, you consent to our use of cookies. To learn more, visit our Privacy Policy