Concentrating Solar Power Market size is projected to reach a size of USD 7.6 billion by 2027, at a CAGR of 16%, from an estimated USD 3.5 billion in 2020.
Environmental concerns about carbon emissions and efforts to reduce air pollution, government policy support for adoption of renewable technologies, and the integration of CSP systems and heat storage systems are key factors driving the condensed solar power market.
Solar concentration is a capital-intensive technology. Components used in the parabolic trough include solar squares, power blocks, thermal energy storage systems, and heat transfer fluid systems. The main components used in solar towers include heliostat field, receiver field, power block, thermal energy storage and tower.
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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, Alsolen, Cobra Energia, Torresol Energy, Acciona Energy, eSolar, and Enel Green Power.
Based on the technology:
- Solar Power Tower
- Linear Concentrating Systems
- Stirling Dish technology
Based on the operation type:
- Stand-alone Systems
- With Storage
Based on the capacity:
- Less than 50 MW
- 50 MW to 99 MW
- 100 MW and above
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Scope of the Report
The research study analyzes the global Concentrating Solar Power industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Concentrating Solar Power Market Report
1. What was the Concentrating Solar Power Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Concentrating Solar Power Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Concentrating Solar Power Market was the market leader in 2018?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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