Global Concentrating Solar Power Market, By Product Type (Parabolic Trough, Solar Tower, Linear Fresnel, Dish Stirling), By End-User Industry (Residential, Commercial, Industrial), and opportunities and forecast 2023-2030
Concentrating Solar Power Market Overview
Concentrating Solar Power (CSP) technologies use mirrors to concentrate the sun's light energy and convert it into heat to create steam to drive a turbine that generates electrical power. The high demand for concentrated solar power technologies is mainly driven by the growing global thrust to increase the share of renewable energy such as solar energy in a sustainable way. The escalating demand for energy in several sectors, and continuous efforts to reduce the dependence on conventional energy sources in many countries, is a key factor boosting the growth of the global Concentrating Solar Power market.
Furthermore, constant developments in solar-to-electric conversion technologies reinforce the popularity of CSP power plants across the world. In addition, the huge funding by governments in developing and developed countries to support the commercial generation of electrical energy using CSP technologies is providing a continued boost to their adoption. Hence, government Support and increasing implementation of heat storage systems are significantly propelling the growth of the global Concentrating Solar Power market.
On the other hand, the high cost of energy generation using concentrated solar power plants in some regions is a key factor that has halted the growth of the market. Besides this, an increasing number of industrial and commercial power plants are leveraging the potential of several CSP systems in developed countries, this key fact creating various profitable ways for market players.
Covid-19 Impact on Concentrating Solar Power Market
As around one-third of the global population is staying indoors owing to nationwide lockdown, stay-at-home orders, and restrictions on movement, the energy demand has sharply dipped. By the end of 2020, approximately, a decline in 5% of the energy demand was been recorded. Also, waning in corresponding gas and oil demands of 4% and 9%, respectively were registered in 2020. Currently, the energy market is at a historic low with surplus supplies. However, the situation is expected to ease up with a lift in lockdown restrictions and end-use industries start operating with great efficiencies.
Concentrating Solar Power Market Segment Overview
According to Product Type, the Solar Tower segment is the major contributor in the Concentrating Solar Power market during the forecast period. The solar tower segment is getting an enhancement owing to the higher temperatures that can allow greater efficiency of the steam cycle and reduce water consumption for cooling the condenser. The higher temperature uses thermal energy storage for achieving schedulable power generation. Therefore, growing adoption of solar power towers due to reduction in cost or allowing greater storage for the same price is anticipated to boost the solar tower segment at the highest pace throughout the forecast period.
Concentrating Solar Power Market, By Product Type
· Parabolic Trough · Solar Tower · Linear Fresnel · Dish Stirling
Concentrating Solar Power Market, By End-User Industry
· Residential · Commercial · Industrial
Concentrating Solar Power Market Regional Overview
The Concentrating Solar Power market in the Asia Pacific is expected to register the fastest growth in the next few years. This is mainly because of the increase in installations of CSP plants in this region. China is expected to grow at the highest CAGR over the stated period. This is primarily due to the growing investment in CSP for stabilizing power grid is driving this country. Furthermore, the region focuses on the need to generate continuous renewable electricity to support growing economic activities. It eventually propelling the growth of the market in this region
Concentrating Solar Power Market, By Geography
· North America (US & Canada) · Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe) · Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific) · LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Concentrating Solar Power Market Competitor overview
Some key developments and strategies adopted by manufacturers in Concentrating Solar Power are highlighted below.
· In May 2020, Abengoa formed a consortium with Acciona to build the Cerro Dominador solar thermal plant owned by EIG Global Energy Partners. The consortium has led the melting process of 46,000 tons of salts from the Chilean Atacama Desert having a capacity of 110 MW.
Concentrating Solar Power Market, Key Players
· NextEra Energy Resources LLC · Ibereolica Group · Engie · TSK Flagsol · SCHOTT Solar AG · Solar Millennium AG · SolarReserve LLC · Acciona, S.A. · BrightSource Energy Inc. · eSolar Inc. · SkyFuel Inc. · Abengoa Solar S.A. · Areva Solar
Concentrating Solar Power Market Study Global Market Analysis, Insights and Forecast, 2020-2027
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Key Emerging Trends – For Major Countries
4.2. Latest Technological Advancement
4.3. Regulatory Landscape
4.4. Industry SWOT Analysis
4.5. Porters Five Forces Analysis
5. Global Concentrating Solar Power Market Analysis (USD Billion), Insights and Forecast, 2020-2027
5.1. Key Findings / Summary
5.2. Market Analysis, Insights and Forecast – By Product Type
5.2.1. Parabolic Trough
5.2.2. Solar Tower
5.2.3. Linear Fresnel
5.2.4. Dish Stirling
5.3. Market Analysis, Insights and Forecast – By End-User Industry
5.3.1. Residential
5.3.2. Commercial
5.3.3. Industrial
5.4. Market Analysis, Insights and Forecast – By Region
5.4.1. North America
5.4.2. Europe
5.4.3. Asia Pacific
5.4.4. Latin America, Middle East and Africa
6. North America Concentrating Solar Power Market Analysis (USD Billion), Insights and Forecast, 2020-2027
6.1. Key Findings / Summary
6.2. Market Analysis, Insights and Forecast – By Product Type
6.2.1. Parabolic Trough
6.2.2. Solar Tower
6.2.3. Linear Fresnel
6.2.4. Dish Stirling
6.3. Market Analysis, Insights and Forecast – By End-User Industry
6.3.1. Residential
6.3.2. Commercial
6.3.3. Industrial
6.4. Market Analysis, Insights and Forecast – By Country
6.4.1. U.S.
6.4.2. Canada
7. Europe Concentrating Solar Power Market Analysis (USD Billion), Insights and Forecast, 2020-2027
7.1. Key Findings / Summary
7.2. Market Analysis, Insights and Forecast – By Product Type
7.2.1. Parabolic Trough
7.2.2. Solar Tower
7.2.3. Linear Fresnel
7.2.4. Dish Stirling
7.3. Market Analysis, Insights and Forecast – By End-User Industry
7.3.1. Residential
7.3.2. Commercial
7.3.3. Industrial
7.4. Market Analysis, Insights and Forecast – By Country
7.4.1. UK
7.4.2. Germany
7.4.3. France
7.4.4. Italy
7.4.5. Spain
7.4.6. Russia
7.4.7. Rest of Europe
8. Asia Pacific Concentrating Solar Power Market Analysis (USD Billion), Insights and Forecast, 2020-2027
8.1. Key Findings / Summary
8.2. Market Analysis, Insights and Forecast – By Product Type
8.2.1. Parabolic Trough
8.2.2. Solar Tower
8.2.3. Linear Fresnel
8.2.4. Dish Stirling
8.3. Market Analysis, Insights and Forecast – By End-User Industry
8.3.1. Residential
8.3.2. Commercial
8.3.3. Industrial
8.4. Market Analysis, Insights and Forecast – By Country
8.4.1. China
8.4.2. India
8.4.3. Japan
8.4.4. Australia
8.4.5. South East Asia
8.4.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Concentrating Solar Power Market Analysis (USD Billion), Insights and Forecast, 2020-2027
9.1. Key Findings / Summary
9.2. Market Analysis, Insights and Forecast – By Product Type
9.2.1. Parabolic Trough
9.2.2. Solar Tower
9.2.3. Linear Fresnel
9.2.4. Dish Stirling
9.3. Market Analysis, Insights and Forecast – By End-User Industry
9.3.1. Residential
9.3.2. Commercial
9.3.3. Industrial
9.4. Market Analysis, Insights and Forecast – By Country
9.4.1. Brazil
9.4.2. Saudi Arabia
9.4.3. UAE
9.4.4. Rest of LAMEA
10. Competitive Analysis
10.1. Company Market Share Analysis, 2018
10.2. Key Industry Developments
10.3. Company Profile
10.4. NextEra Energy Resources LLC
10.4.1. Business Overview
10.4.2. Segment 1 & Service Offering
10.4.3. Overall Revenue
10.4.4. Geographic Presence
10.4.5. Recent Development
*Similar details will be provided for the following companies
10.5. Ibereolica Group
10.6. Engie
10.7. TSK Flagsol
10.8. SCHOTT Solar AG
10.9. Solar Millennium AG
10.10. SolarReserve LLC
10.11. Acciona, S.A.
10.12. BrightSource Energy Inc.
10.13. eSolar Inc.
10.14. SkyFuel Inc.
10.15. Abengoa Solar S.A.
List of Figures
Figure 1: Global Concentrating Solar Power Market Revenue Breakdown (USD Billion, %) by Region, 2019 & 2027
Figure 2: Global Concentrating Solar Power Market Value Share (%), By Segment 1, 2019 & 2027
Figure 3: Global Concentrating Solar Power Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 4: Global Concentrating Solar Power Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 5: Global Concentrating Solar Power Market Value Share (%), By Segment 2, 2019 & 2027
Figure 6: Global Concentrating Solar Power Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 7: Global Concentrating Solar Power Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 8: Global Concentrating Solar Power Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 9: Global Concentrating Solar Power Market Forecast (USD Billion), by Others, 2016-2027
Figure 10: Global Concentrating Solar Power Market Value Share (%), By Segment 3, 2019 & 2027
Figure 11: Global Concentrating Solar Power Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 12: Global Concentrating Solar Power Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 13: Global Concentrating Solar Power Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 14: Global Concentrating Solar Power Market Forecast (USD Billion), by Others, 2016-2027
Figure 15: Global Concentrating Solar Power Market Value (USD Billion), by Region, 2019 & 2027
Figure 16: North America Concentrating Solar Power Market Value Share (%), By Segment 1, 2019 & 2027
Figure 17: North America Concentrating Solar Power Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 18: North America Concentrating Solar Power Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 19: North America Concentrating Solar Power Market Value Share (%), By Segment 2, 2019 & 2027
Figure 20: North America Concentrating Solar Power Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 21: North America Concentrating Solar Power Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 22: North America Concentrating Solar Power Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 23: North America Concentrating Solar Power Market Forecast (USD Billion), by Others, 2016-2027
Figure 24: North America Concentrating Solar Power Market Value Share (%), By Segment 3, 2019 & 2027
Figure 25: North America Concentrating Solar Power Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 26: North America Concentrating Solar Power Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 27: North America Concentrating Solar Power Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 28: North America Concentrating Solar Power Market Forecast (USD Billion), by Others, 2016-2027
Figure 29: North America Concentrating Solar Power Market Forecast (USD Billion), by U.S., 2016-2027
Figure 30: North America Concentrating Solar Power Market Forecast (USD Billion), by Canada, 2016-2027
Figure 31: Latin America Concentrating Solar Power Market Value Share (%), By Segment 1, 2019 & 2027
Figure 32: Latin America Concentrating Solar Power Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 33: Latin America Concentrating Solar Power Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 34: Latin America Concentrating Solar Power Market Value Share (%), By Segment 2, 2019 & 2027
Figure 35: Latin America Concentrating Solar Power Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 36: Latin America Concentrating Solar Power Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 37: Latin America Concentrating Solar Power Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 38: Latin America Concentrating Solar Power Market Forecast (USD Billion), by Others, 2016-2027
Figure 39: Latin America Concentrating Solar Power Market Value Share (%), By Segment 3, 2019 & 2027
Figure 40: Latin America Concentrating Solar Power Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 41: Latin America Concentrating Solar Power Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 42: Latin America Concentrating Solar Power Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 43: Latin America Concentrating Solar Power Market Forecast (USD Billion), by Others, 2016-2027
Figure 44: Latin America Concentrating Solar Power Market Forecast (USD Billion), by Brazil, 2016-2027
Figure 45: Latin America Concentrating Solar Power Market Forecast (USD Billion), by Mexico, 2016-2027
Figure 46: Latin America Concentrating Solar Power Market Forecast (USD Billion), by Rest of Latin America, 2016-2027
Figure 47: Europe Concentrating Solar Power Market Value Share (%), By Segment 1, 2019 & 2027
Figure 48: Europe Concentrating Solar Power Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 49: Europe Concentrating Solar Power Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 50: Europe Concentrating Solar Power Market Value Share (%), By Segment 2, 2019 & 2027
Figure 51: Europe Concentrating Solar Power Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 52: Europe Concentrating Solar Power Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 53: Europe Concentrating Solar Power Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 54: Europe Concentrating Solar Power Market Forecast (USD Billion), by Others, 2016-2027
Figure 55: Europe Concentrating Solar Power Market Value Share (%), By Segment 3, 2019 & 2027
Figure 56: Europe Concentrating Solar Power Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 57: Europe Concentrating Solar Power Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 58: Europe Concentrating Solar Power Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 59: Europe Concentrating Solar Power Market Forecast (USD Billion), by Others, 2016-2027
Figure 60: Europe Concentrating Solar Power Market Forecast (USD Billion), by U.K., 2016-2027
Figure 61: Europe Concentrating Solar Power Market Forecast (USD Billion), by Germany, 2016-2027
Figure 62: Europe Concentrating Solar Power Market Forecast (USD Billion), by France, 2016-2027
Figure 63: Europe Concentrating Solar Power Market Forecast (USD Billion), by Italy, 2016-2027
Figure 64: Europe Concentrating Solar Power Market Forecast (USD Billion), by Spain, 2016-2027
Figure 65: Europe Concentrating Solar Power Market Forecast (USD Billion), by Russia, 2016-2027
Figure 66: Europe Concentrating Solar Power Market Forecast (USD Billion), by Rest of Europe, 2016-2027
Figure 67: Asia Pacific Concentrating Solar Power Market Value Share (%), By Segment 1, 2019 & 2027
Figure 68: Asia Pacific Concentrating Solar Power Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 69: Asia Pacific Concentrating Solar Power Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 70: Asia Pacific Concentrating Solar Power Market Value Share (%), By Segment 2, 2019 & 2027
Figure 71: Asia Pacific Concentrating Solar Power Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 72: Asia Pacific Concentrating Solar Power Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 73: Asia Pacific Concentrating Solar Power Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 74: Asia Pacific Concentrating Solar Power Market Forecast (USD Billion), by Others, 2016-2027
Figure 75: Asia Pacific Concentrating Solar Power Market Value Share (%), By Segment 3, 2019 & 2027
Figure 76: Asia Pacific Concentrating Solar Power Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 77: Asia Pacific Concentrating Solar Power Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 78: Asia Pacific Concentrating Solar Power Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 79: Asia Pacific Concentrating Solar Power Market Forecast (USD Billion), by Others, 2016-2027
Figure 80: Asia Pacific Concentrating Solar Power Market Forecast (USD Billion), by China, 2016-2027
Figure 81: Asia Pacific Concentrating Solar Power Market Forecast (USD Billion), by India, 2016-2027
Figure 82: Asia Pacific Concentrating Solar Power Market Forecast (USD Billion), by Japan, 2016-2027
Figure 83: Asia Pacific Concentrating Solar Power Market Forecast (USD Billion), by Australia, 2016-2027
Figure 84: Asia Pacific Concentrating Solar Power Market Forecast (USD Billion), by Southeast Asia, 2016-2027
Figure 85: Asia Pacific Concentrating Solar Power Market Forecast (USD Billion), by Rest of Asia Pacific, 2016-2027
Figure 86: Middle East & Africa Concentrating Solar Power Market Value Share (%), By Segment 1, 2019 & 2027
Figure 87: Middle East & Africa Concentrating Solar Power Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 88: Middle East & Africa Concentrating Solar Power Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 89: Middle East & Africa Concentrating Solar Power Market Value Share (%), By Segment 2, 2019 & 2027
Figure 90: Middle East & Africa Concentrating Solar Power Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 91: Middle East & Africa Concentrating Solar Power Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 92: Middle East & Africa Concentrating Solar Power Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 93: Middle East & Africa Concentrating Solar Power Market Forecast (USD Billion), by Others, 2016-2027
Figure 94: Middle East & Africa Concentrating Solar Power Market Value Share (%), By Segment 3, 2019 & 2027
Figure 95: Middle East & Africa Concentrating Solar Power Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 96: Middle East & Africa Concentrating Solar Power Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 97: Middle East & Africa Concentrating Solar Power Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 98: Middle East & Africa Concentrating Solar Power Market Forecast (USD Billion), by Others, 2016-2027
Figure 99: Middle East & Africa Concentrating Solar Power Market Forecast (USD Billion), by GCC, 2016-2027
Figure 100: Middle East & Africa Concentrating Solar Power Market Forecast (USD Billion), by South Africa, 2016-2027
Figure 101: Middle East & Africa Concentrating Solar Power Market Forecast (USD Billion), by Rest of Middle East & Africa, 2016-2027
List of Tables
Table 1: Global Concentrating Solar Power Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 2: Global Concentrating Solar Power Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 3: Global Concentrating Solar Power Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 4: Global Concentrating Solar Power Market Revenue (USD Billion) Forecast, by Region, 2016-2027
Table 5: North America Concentrating Solar Power Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 6: North America Concentrating Solar Power Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 7: North America Concentrating Solar Power Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 8: North America Concentrating Solar Power Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 9: Europe Concentrating Solar Power Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 10: Europe Concentrating Solar Power Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 11: Europe Concentrating Solar Power Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 12: Europe Concentrating Solar Power Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 13: Latin America Concentrating Solar Power Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 14: Latin America Concentrating Solar Power Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 15: Latin America Concentrating Solar Power Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 16: Latin America Concentrating Solar Power Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 17: Asia Pacific Concentrating Solar Power Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 18: Asia Pacific Concentrating Solar Power Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 19: Asia Pacific Concentrating Solar Power Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 20: Asia Pacific Concentrating Solar Power Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 21: Middle East & Africa Concentrating Solar Power Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 22: Middle East & Africa Concentrating Solar Power Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 23: Middle East & Africa Concentrating Solar Power Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 24: Middle East & Africa Concentrating Solar Power Market Revenue (USD Billion) Forecast, by Country, 2016-2027