The global concentrated solar power market is anticipated to grow at a significant CAGR of 9.5% during the forecast period. Concentrated Solar Power Market (CSP Market) is a technology that generates electricity by using mirrors/lenses to capture a large amount of sunlight energy and concentrate on a small area. Increasing electricity demand is a major problem due to the rise in population. To meet the demand for electricity government has taken some initiative toward generating power using renewable energy sources such as Concentrated Solar power. There was a lack of energy storage system in solar panel electricity generation technology whereas CSP is consist of thermal storage and a steam turbine that can supply uninterrupted electricity. Some of the factors that propel the growth of this market are the rise in demand for electricity, backup and storage ability, renewable source of electricity, and government initiatives toward pollution reduction.
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High capital cost is the major concern for this market. Concentrated Solar Power involves some expensive components such as solar mirrors, turbines, and thermal storage which need a high initial cost for setup. One of the restraining factors is the intensive land and water requirement for the project.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Concentrated Solar Power Market by Technology
- Dish Stirling
- Enclosed Trough
- Parabolic Trough
- Fresnel Reflectors
Global Concentrated Solar Power Market by Component
- Solar Field
- Tower/Concentrator Structure
- Reflectors
- Heat Collection Element (Hce)
- Pump And Heat Transfer Fluid
- Thermal Energy Storage
- Power Generation System
Global Concentrated Solar Power Market by Application
- Industrial
- Residential
- Commercial
Regional Analysis
- North America
- US
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Aalborg CSP A/S
- Abengoa
- ACWA Power International
- Acciona, SA
- Atlantica Sustainable Infrastructure PLC.
- BrightSource Energy
- Corporación Acciona Energías Renovables, S.A.
- DEUTSCHES INDUSTRIENETZWERK CONCENTRATED SOLAR POWER
- FRENELL GmbH
- E SOLAR
- Enel S.p.A.,
- GlassPoint
- Green Living GmbH
- GRUPO COBRA
- INITEC Energía
- RIOGLASS SOLAR HOLDING, S.A.
- SCHOTT AG
- SENER GRUPO DE INGENIERÍA S.A.
- Siemens Energy
- SR ENERGY
- Suntrace GmbH
- Trivelli Energia srl
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global concentrated solar power market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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