Concentrating Solar Power Market by Technology (Parabolic Trough, Power Tower, Linear Fresnel & Dish/Engine system), Components (Solar field, Power Block, and Thermal Storage), End-User (Utilities, EOR & Others ), and Region - Global Forecast to 2021

The concentrating solar power market was valued at USD 4.02 Billion in 2015, and is expected to grow at a CAGR of 10.3% from 2016 to 2021. Growing environmental concerns over carbon emissions and efforts to reduce air pollution, policy support from governments to enable adoption of renewable technologies and dispatchability of power are the major factors driving the concentrating solar power market.

The years considered for the study are as follows:

• Base Year – 2015
• Estimated Year – 2016
• Projected Year – 2021
• Forecast Period – 2016–2021

2015 has been considered as the base year for company profiles. Whenever information was unavailable for the base year, the prior year has been considered.

Objectives of the Study

• To define, describe, and forecast the global concentrating solar power market on the basis of system technology, components, end-user, and region
• To provide detailed information regarding the major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
• To strategically analyze the concentrating solar power market with respect to individual growth trends of manufacturers and service providers, their future expansions, and contribution to the market
• To forecast the growth of the concentrating solar power market with respect to the main regions (Asia-Pacific, Europe, North America, South America and the Middle East & Africa)
• To strategically profile key market players and comprehensively analyze their market shares and core competencies
• To analyze market opportunities for stakeholders and provide details of competitive developments, such as contracts & agreements, mergers & acquisitions, expansions, and new product development/launches, partnerships, joint ventures, and collaborations, in the global concentrating solar power market

Research Methodology

This research study involved the use of extensive secondary sources, directories, and databases such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource to identify and collect information useful for a technical, market-oriented, and commercial study of the global concentrating solar power market. Primary sources are mainly industry experts from core and related industries, preferred suppliers, manufacturers, distributors, service providers, technology developers, standard and certification organizations of companies, and organizations related to all the segments of this industry’s value chain. The points given below explain the research methodology.

• Study of annual revenue and market developments of major players providing concentrating solar power solutions
• Assessment of future trends and installation trends of concentrating solar power by different industrial end-users such as utilities, enhanced oil recovery, and mining, desalination among others
• Assessment of the concentrating solar power market with respect to the system technology, and system components
• Study of market trends in various regions/countries supported by application of concentrating solar power
• Study of contracts and developments related to concentrating solar power, for key players, across different regions
• Finalization of the overall market sizes by triangulating the supply-side data, which includes product developments, supply chain, and annual revenues of companies manufacturing concentrating solar power across the globe

After arriving at the overall market size, the total market has been split into several segments and subsegments. The figure given below shows the breakdown of primaries on the basis of company type, designation, and region, conducted during the research study.

To know about the assumptions considered for the study, download the pdf brochure

Market Ecosystem:

The ecosystem of the global concentrating solar power market starts with suppliers of basic components/equipment such as reflectors/mirrors, receivers/engines, power block, and miscellaneous parts. The manufactured parts or sub-assemblies are then assembled by the EPC contractors authorized by the project developers to form a complete CSP plant. The top players in the industry market their products through self-operated sales offices located near target markets, while regional players rely on distribution partnerships to access diverse markets. Some of the major players in the concentrating solar power market are Abengoa Solar (Spain), Aalborg CSP (Denmark), ACWA Power (Saudi Arabia), BrightSource Energy, Inc. (U.S) and eSolar Inc (U.S), among others.

Target Audience:

The report’s target audience includes:

• Concentrating solar power solution providers
• CSP component manufacturers
• Thermal Energy storage manufacturers
• Regional renewable energy associations
• Government organizations and research institutions
• Consulting companies in the energy & solar sector
• Solar and wind energy associations
• Environmental associations
• Investment banks

Scope of the Report:

• By Technology
  • Parabolic Trough
  • Solar Tower
  • Linear Fresnel
  • Dish/Engine Systems
• By End-User
  • Residential
  • Commercial
  • Industrial
• By Component
  • Solar Field
  • Power Block
  • Thermal Energy Storage System
• By Region
  • North America
  • South America
  • Europe
  • Asia-Pacific
  • Middle East & Africa

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for this report:

Regional Analysis

Further breakdown of region-/country-specific analysis

Company Information

Detailed analysis and profiling of additional market players (Up to five)

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Breakdown of Primaries
    2.2 Market Size Estimation
    2.3 Market Breakdown & Data Triangulation
    2.4 Research Assumptions
           2.4.1 Assumptions

3 Executive Summary (Page No. - 26)
    3.1 Introduction
    3.2 Historical Backdrop and Evolution
    3.3 Current Scenario
    3.4 Future Outlook
    3.5 Conclusion

4 Premium Insights (Page No. - 31)
    4.1 Concentrating Solar Power Market, By Technology
    4.2 Concentrating Solar Power Market, By Component
    4.3 Concentrating Solar Power Market, By End-User
    4.4 Concentrating Solar Power Market: End-User vs Component
    4.5 The Middle East & Africa: the Largest Market During the Forecast Period

5 Market Overview (Page No. - 36)
    5.1 Introduction
    5.2 CSP Costs Overview
    5.3 Overview of Important CSP Projects
    5.4 Concentrating Solar Power: Market Segmentation
           5.4.1 By Technology
           5.4.2 By Component
           5.4.3 By End-User
           5.4.4 By Region
    5.5 Market Dynamics
           5.5.1 Drivers
                    5.5.1.1 Growing Environmental Concerns Over Carbon Emissions and Efforts to Reduce Air Pollution
                    5.5.1.2 Policy Support From Governments to Enable Adoption of Renewable Technologies
                    5.5.1.3 The Ability to Supply Dispatchable Power
           5.5.2 Restraints
                    5.5.2.1 Higher Cost of Generation Compared to Other Renewable Technologies
           5.5.3 Opportunities
                    5.5.3.1 Application in Hybrid Power Plants
                    5.5.3.2 Mining Industry Investing in Renewables
                    5.5.3.3 Applications in Desalination and Enhanced Oil Recovery
           5.5.4 Challenges
                    5.5.4.1 Land and Water Requirements
                    5.5.4.2 Technical Challenges

6 Concentrating Solar Power Market, By Technology (Page No. - 46)
    6.1 Introduction
    6.2 Parabolic Trough
    6.3 Power Tower
    6.4 Linear Fresnel
    6.5 Dish/Engine System

7 Concentrating Solar Power Market, By Component (Page No. - 52)
    7.1 Introduction
    7.3 Solar Field
    7.4 Power Block
    7.3 Thermal Energy Storage System

8 Concentrating Solar Power Market, By End-User (Page No. - 56)
    8.1 Introduction
    8.2 Utilities
    8.3 Enhanced Oil Recovery
    8.4 Others

9 Concentrating Solar Power Market, By Region (Page No. - 61)
    9.1 Introduction
    9.2 The Middle East & Africa
           9.2.1 Morocco
           9.2.2 South Africa
           9.2.3 Saudi Arabia
           9.2.4 U.A.E.
           9.2.5 Oman
           9.2.6 Algeria
           9.2.7 Israel
           9.2.8 Rest of Middle East & Africa
    9.3 Asia-Pacific
           9.3.1 China
           9.3.2 India
           9.3.3 Australia
           9.3.4 Rest of Asia-Pacific
    9.4 Europe
           9.4.1 Italy
           9.4.2 Cyprus
           9.4.3 Rest of Europe
    9.5 North America
           9.5.1 U.S.
    9.6 Latin America
           9.6.1 Chile

10 Competitive Landscape (Page No. - 96)
     10.1 Overview
     10.2 Competitive Situation & Trends
             10.2.1 Contracts & Agreements
             10.2.2 Joint Ventures & Collaborations
             10.2.3 New Product Launches
             10.2.4 Expansions & Investments
             10.2.5 Mergers & Acquisitions

11 Company Profiles (Page No. - 104)
(Overview, Products & Services, Strategies & Insights, Developments and MnM View)*
     11.1 Introduction
     11.2 Abengoa Solar, S.A.
     11.3 Brightsource Energy, Inc.
     11.4 ACWA Power
     11.5 Esolar, Inc.
     11.6 Solarreserve, LLC
     11.7 Aalborg CSP A/S.
     11.8 TSK Flagsol Engineering GmbH
     11.9 Alsolen
     11.10 Archimede Solar Energy
     11.11 Acciona Energy
     11.12 Cobra Energia
     11.13 Frenell GmbH
     11.14 Nexans
     11.15 Soltigua
     11.16 Baysolar CSP
     11.17 Siemens AG
     11.18 Solastor

*Details on Overview, Products & Services, Strategies & Insights, Developments and MnM View Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 144)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Introducing RT: Real Time Market Intelligence
     12.5 Available Customizations
     12.6 Related Reports
     12.7 Author Details

List of Tables (81 Tables)

Table 1 Capital Cost Overview of Concentrating Solar Power Plants
Table 2 Hybrid Concentrating Solar Power-Pv Projects in the Pipeline (June 2016)
Table 3 Global Concentrating Solar Power Market, By Technology, 2014–2021 (USD Million)
Table 4 Parabolic Trough: By Market Size, By Region, 2014–2021 (USD Million)
Table 5 Power Tower: By  Market Size, By Region , 2014–2021 (USD Million)
Table 6 Linear Fresnel: By Market Size, By Region , 2014–2021 (USD Million)
Table 7 Dish/Engine System: By Market Size, By Region, 2014–2021 (USD Million)
Table 8 Global Concentrating Solar Power Market Size, By Component, 2014–2021 (USD Million)
Table 9 Solar Field: By Size, By Region, 2014–2021 (USD Million)
Table 10 Power Block: By Market Size, By Region, 2014–2021 (USD Million)
Table 11 Thermal Energy Storage: By Market Size, By Region , 2014–2021 (USD Million)
Table 12 Global Concentrating Solar Power Market Size, By End-User, 2014–2021 (USD Million)
Table 13 Utilities: By Market Size, By Region , 2014–2021 (USD Million)
Table 14 Enhanced Oil Recovery: By Market Size, By Region , 2014–2021 (USD Million)
Table 15 Others: By Market Size, By Region , 2014–2021 (USD Million)
Table 16 Concentrating Solar Power Market Size, By Region, 2014–2021 (MW)
Table 17 Concentrating Solar Power Market Size, By Region, 2014–2021 (USD Million)
Table 18 The Middle East & Africa: By Market Size, By Technology, 2014–2021 (USD Million)
Table 19 The Middle East & Africa: By Market Size, By Component, 2014–2021 (USD Million)
Table 20 The Middle East & Africa: By Market Size, By End-User, 2014–2021 (USD Million)
Table 21 The Middle East & Africa: By Market Size, By Country, 2014–2021 (MW)
Table 22 The Middle East & Africa: By Market Size, By Country, 2014–2021 (USD Million)
Table 23 Morocco: Concentrating Solar Power Market Size, By Technology, 2014–2021 (MW)
Table 24 Morocco: By  Market Size, By Technology, 2014–2021 (USD Million)
Table 25 South Africa: By Market Size, By Technology, 2014–2021 (MW)
Table 26 South Africa: By  Market Size, By Technology, 2014–2021 (USD Million)
Table 27 Saudi Arabia: By Market Size, By Technology, 2014–2021 (MW)
Table 28 Saudi Arabia: By Market Size, By Technology, 2014–2021 (USD Million)
Table 29 U.A.E.: Concentrating Solar Power Market Size, By Technology, 2014–2021 (MW)
Table 30 U.A.E.: By Market Size, By Technology, 2014–2021 (USD Million)
Table 31 Oman: By Market Size, By Technology, 2014–2021 (MW)
Table 32 Oman: By Market Size, By Technology, 2014–2021 (USD Million)
Table 33 Algeria: By Market Size, By Technology, 2014–2021 (MW)
Table 34 Algeria: By Market Size, By Technology, 2014–2021 (USD Million)
Table 35 Israel: By Market Size, By Technology, 2014–2021 (MW)
Table 36 Israel: By Market Size, By Technology, 2014–2021 (USD Million)
Table 37 Rest of Middle East & Africa: By Market Size, By Technology, 2014–2021 (MW)
Table 38 Rest of Middle East & Africa: By Market Size, By Technology, 2014–2021 (USD Million)
Table 39 Asia-Pacific: By Market Size, By Technology, 2014–2021 (USD Million)
Table 40 Asia-Pacific: By Market Size, By Component, 2014–2021 (USD Million)
Table 41 Asia-Pacific: By Market Size, By End-User, 2014–2021 (USD Million)
Table 42 Asia-Pacific: By Market Size, By Country, 2014–2021 (MW)
Table 43 Asia-Pacific: By Market Size, By Country, 2014–2021 (USD Million)
Table 44 China: By Market Size, By Technology, 2014–2021 (MW)
Table 45 China: By Market Size, By Technology, 2014–2021 (USD Million)
Table 46 India: By Market Size, By Technology, 2014–2021 (MW)
Table 47 India: By Market Size, By Technology, 2014–2021 (USD Million)
Table 48 Australia: By Market Size, By Technology, 2014–2021 (MW)
Table 49 Australia: By Market Size, By Technology, 2014–2021 (USD Million)
Table 50 Rest of Asia-Pacific: By Market Size, By Technology, 2014–2021 (MW)
Table 51 Rest of Asia-Pacific: By Market Size, By Technology, 2014–2021 (USD Million)
Table 52 Europe: By Market Size, By Technology, 2014–2021 (USD Million)
Table 53 Europe: By Market Size, By Component, 2014–2021 (USD Million)
Table 54 Europe: By Market Size, By End-User, 2014–2021 (USD Million)
Table 55 Europe: By Market Size, By Country, 2014–2021 (MW)
Table 56 Europe: By Market Size, By Country, 2014–2021 (USD Million)
Table 57 Italy: By Market Size, By Technology, 2014–2021 (MW)
Table 58 Italy: By Market Size, By Technology, 2014–2021 (USD Million)
Table 59 Cyprus: By Market Size, By Technology, 2014–2021 (MW)
Table 60 Cyprus: By Market Size, By Technology, 2014–2021 (USD Million)
Table 61 Rest of Europe: By Market Size, By Technology, 2014–2021 (MW)
Table 62 Rest of Europe: By Market Size, By Technology, 2014–2021 (USD Million)
Table 63 North America: By Market Size, By Technology, 2014–2021 (USD Million)
Table 64 North America: By Market Size, By Component, 2014–2021 (USD Million)
Table 65 North America: By Market Size, By End-User, 2014–2021 (USD Million)
Table 66 North America: By Market Size, By Country, 2014–2021 (MW)
Table 67 North America: By Market Size, By Country, 2014–2021 (USD Million)
Table 68 U.S.: Concentrating Solar Power Market Size, By Technology, 2014–2021 (MW)
Table 69 U.S.: By Market Size, By Technology, 2014–2021 (USD Million)
Table 70 Latin America: By Market Size, By Technology, 2014–2021 (USD Million)
Table 71 Latin America: By Market Size, By Component, 2014–2021 (USD Million)
Table 72 Latin America: By Market Size, By End User, 2014–2021 (USD Million)
Table 73 Latin America: By Market Size, By Country, 2014–2021 (MW)
Table 74 Latin America: By Market Size, By Country, 2014–2021 (USD Million)
Table 75 Chile.: By Market Size, By Technology, 2014–2021 (MW)
Table 76 Chile: By Market Size, By Technology, 2014–2021 (USD Million)
Table 77 Contracts & Agreements6
Table 78 Joint Ventures & Collaborations
Table 79 New Product Launches
Table 80 Expansion & Investments
Table 81 Mergers & Acquisitions, 2013

List of Figures (41 Figures)

Figure 1 Concentrating Solar Power Market : Market Segmentation
Figure 2 Concentrating Solar Power Market : Country-Wise Scope
Figure 3 Concentrating Solar Power Market: Research Design
Figure 4 Break Down of Primary Interviews: By Company Type, Designation, & Region
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Data Triangulation Methodology
Figure 8 Middle East & Africa Accounted for the Largest Market Share in the Concentrating Solar Power Market in 2015
Figure 9 The Middle East & Africa Market is Expected to Dominate the Concentrating Solar Power Market By 2021
Figure 10 Parabolic Trough Technology is Expected to Dominate the Concentrating Solar Power Market, 2016–2021
Figure 11 Concentrating Solar Power Market Size, By End-User, 2016–2021 (USD Million)
Figure 12 Solar Field is Expected to Lead the Concentrating Solar Power Market, 2016–2021
Figure 13 Attractive Market Opportunities in the Concentrating Solar Power Market
Figure 14 Concentrating Solar Power Market Share, By Technology, 2016–2021
Figure 15 The Solar Field Segment is Expected to Dominate the Concentrating Solar Power Market, 2021
Figure 16 The Utilities Segment is the Largest End-User Segment in the Concentrating Solar Power Market, 2016–2021
Figure 17 The Utilities Concentrating Solar Power Segment Holds the Largest Market Share in 2016
Figure 18 Concentrating Solar Power Market Share (Value), By Region, 2021
Figure 19 Concentrating Solar Power Market Segmentation, By Technology, Component, and Region
Figure 20 Growing Environmental Concerns, Carbon Emissions, and Efforts to Reduce Air Pollution Will Drive the Concentrating Solar Power Market During the Forecast Period
Figure 21 Trend of CO2 Emissions
Figure 22 Parabolic Trough Technology is Projected to Dominate the Market Through to 2021
Figure 23 Solar Field Component is Expected to Dominate the Concentrating Solar Power Market By 2021
Figure 24 Utilities End-User Segment is Expected to Dominate the Concentrating Solar Power Market By 2021
Figure 25 Regional Snapshot of Concentrating Solar Power Market (2015): China and Morocco Will Lead Market Growth During the Forecast Period
Figure 26 Global Concentrating Solar Power Market Share (Value), By Region, 2015
Figure 27 Middle East & Africa Concentrating Solar Power Market Snapshot
Figure 28 Companies Adopted Contracts & Agreements and Joint Ventures & Collaborations to Capture the Market, 2011–2016
Figure 29 Battle for Market Share: Contracts & Agreements Was the Key Strategy, 2011–2016
Figure 30 ACWA Power Accounted for the Maximum Share in the Concentrating Solar Power Market, By Capacity Additions, 2015
Figure 31 Market Evaluation Framework: 2011–2016
Figure 32 Geographical Presence of the Top 5 Market Players
Figure 33 Abengoa Solar, S.A : Company Snapshot
Figure 34 SWOT Analysis: Abengoa Solar, SA
Figure 35 SWOT Analysis: Brightsource Energy Inc
Figure 36 SWOT Analysis: ACWA Power
Figure 37 SWOT Analysis: Esolar Inc
Figure 38 SWOT Analysis: Solarreserve
Figure 39 Grupo Cobra: Company Snapshot
Figure 40 Nexans : Company Snapshot
Figure 41 Siemens AG.: Company Snapshot

The global concentrating solar power market is projected to grow at a CAGR of 10.3% from 2016 to 2021, to reach a market size of USD 10.96 Billion by 2021. The growth is attributed to growing environmental concerns over carbon emissions and efforts to reduce air pollution, policy support from governments to enable adoption of renewable technologies and dispatchability of power.

The report segments the concentrating solar power market based on end-users into utilities, enhanced oil recovery and others (mining & desalination). Utilities segment is the largest end-user of concentrating solar power owing to the growing number of medium to large scale projects under development and in pipeline across the globe. Based on technology, the parabolic trough segment is expected to dominate the concentrating solar power market during the forecast period. The market has also been segmented based on the components into three sub-segments: solar field, power block and thermal storage. The solar field segment is the largest market; due to large number of complex and costly subcomponents within the segment.

In this report, the concentrating solar power market has been analyzed with respect to five regions, namely, the North America, Europe, Asia-Pacific, South America and the Middle East & Africa. The Middle East & Africa is expected to dominate the global concentrating solar power market during the forecast period, owing to government initiatives towards grid scale renewable power generation. The region is expected to remain largest market among other regions, during the forecast period.

Higher initial investment and higher payback time period are expected to slow down the demand for concentrating solar power during the forecast period. However, government and private fund availability may offer huge opportunities.

Some of the leading players in the concentrating solar power market include Abengoa Solar (Spain), Aalborg CSP (Denmark), ACWA Power (Saudi Arabia), BrightSource Energy, Inc. (U.S) and eSolar Inc (U.S), among others. Contracts & agreements was the strategy most commonly adopted by the top players in the market, constituting 54% of the total developments from 2012 to 2016. It was followed by joint ventures & collaborations, new product developments/launches, expansions, partnerships, and mergers & acquisitions.

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