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
[192 Pages Report] The global concentrating solar power market size is projected to reach a size of USD 7.6 billion by 2025, at a CAGR of 16.4%, from an estimated USD 3.5 billion in 2020. 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.
COVID-19 Impact on the Global Concentrating Solar Power Market
The ongoing COVID-19 pandemic has impacted the power sector globally. Due to the current scenario, many countries witnessed delays in construction activity due to supply chain disruptions caused mainly by China, lockdown measures across all major economies, social-distancing guidelines for workers, and the subsequent financing challenges. The number of new renewable power installations worldwide is set to fall in 2020 as a result of the unprecedented global COVID-19 crisis.
Concentrating Solar Power Market Dynamics
Driver: Growing environmental concerns over carbon emission and efforts to reduce air pollution
There is an increasing carbon emission in the environment and is one of the prime anthropogenic causes of climate change. This carbon emission is caused mainly due to the burning of fossil fuels such as oil, coal, and gas or cutting down and burning of trees. Various concrete steps, such as conserving energy at home or office, purchasing of portable gasoline containers which are labeled as spill-proof,, use of public transportation, use of renewable source of energy, such as solar energy, wind energy, hydro energy, tidal energy, geothermal energy, and biomass energy, are being undertaken to reduce air pollution. Hence driving the concentrating solar power market.
Restraint: Higher cost of generation compared to other renewable technologies
Concentrating solar power is a highly capital-intensive technology. The components used in parabolic trough include solar fields, power blocks, thermal energy storage systems, heat transfer fluid systems. The key components used in solar towers include heliostat fields, receiver fields, power blocks, thermal energy storage, and tower. The Levelized Cost of Energy (LCOE) of concentrating solar power plants is dominated by the initial investment cost, which accounts for approximately four-fifth of the total cost. The rest is the cost for maintenance and operation of the plant and for plant insurance. Thus, making it the biggest challenge for the concentrating solar power market.
Opportunity: Integration of CSP in hybrid power plants
Hybrid power plants are power plants that use two or more technologies and may include oil, natural gas, biomass, hydropower, geothermal power, storage, solar CSP, solar PV, wind turbines, coal, or nuclear power. Hybrid plants can also be used to generate electricity or any other products, such as hydrogen. Several hybridization options with different energy sources for concentrating solar power are available, ranging from conventional fossil fuels to biomass and other concentrating solar power or other renewable combinations and hence creating opportunities for concentrating solar power market.
Challenge: Technical complexities of CSP plant
Concentrating solar power technology is comparatively complex in nature than solar PV and requires expensive components and precise engineering. CSP can be built in 1 to 3 years, depending on its size and may be operated for more than 30 years. Large volumes of water required for concentrating solar power plants is an additional challenge for concentrating solar power market.
By technology, the solar power towers segment is the largest contributor in the concentrating solar power market during the forecast period.
The solar power towers segment led the concentrating solar power market, by technology, from 2020 to 2025. The solar power tower segment is getting a boost due to the 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.
By end user, the utilities segment is expected to grow at the fastest rate during the forecast period.
The growth of the utilities segment of the market is driven by key CSP project developments in Asia Pacific and the Middle East and Africa regions, mainly in China, Saudi Arabia, the UAE, and Morocco. In addition, the demand for concentrating solar power from the utility sector is driven by the need to generate renewable electricity with storage technology to cater to the increasing power needs of the residential sector.
By capacity, the 100 MW and Above segment is expected to be the largest contributor during the forecast period.
The 100 MW and above segment is estimated to dominate the market from 2020 to 2025. There is an increasing need to concentrating solar power technology in order to meet renewable energy generation targets and for continuous operations, thereby driving the 100 MW and above market during the forecast period.
Asia Pacific is expected to account for the fastest growing market size during the forecast period.
Asia Pacific is expected to dominate the concentrating solar power market during the forecast period as owing to the increase in installations of CSP plants. 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. The figure below shows the projected market sizes of various regions with respective CAGRs for 2025.
Key Market Players
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.
Scope of the Report
|
Report Metric |
Details |
|
Market Size available for years |
20182025 |
|
Base year considered |
2019 |
|
Forecast period |
20202025 |
|
Forecast units |
Value (USD) |
|
Segments covered |
Technology, Operation Type, Capacity, End User, and Region. |
|
Geographies covered |
Asia Pacific, South America, North America, Europe, The Middle East & Africa. |
|
Companies covered |
Abengoa (Spain), BrightSource Energy (US), ACWA Power (Saudi Arabia), Aalborg CSP (Denmark), and SolarReserve (US) (Total 25 Companies) |
This research report categorizes the concentrating solar power market based on Technology, Operation Type, Capacity, End User, and Region.
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
Based on the end user:
- Utilities
- EOR
- Others (Others include process heating, mining industry operations, desalination and district heating)
Based on the region:
- Asia Pacific
- Europe
- North America
- Middle East & Europe
- South America
Recent Developments
- 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..
- In December 2019, BrightSource Energy developed a solar-cured coating for DEWA Tower CSP. The coating was designed for longer service lifetime and higher absorptance than the standard Pyromark coating and to help reduce O&M costs..
- In October 2018, ACWA Power expanded by developing a storage technology that enabled utility-scale renewable energy production in Africa. The integration of CSP with thermal storage helps to solve the issues of electricity as the region suffers from energy problems.
Frequently Asked Questions (FAQ):
What is the current size of the concentrating solar power market?
The size of the global concentrating solar power market is USD 3,480 million in 2019.
What are the major drivers for the concentrating solar power market?
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.
Which region dominates during the forecasted period in the concentrating solar power market?
Asia Pacific is a fastest growing during the forecasted year and countries such as China, India and Australia are the fastest-growing markets in the Asia Pacific region, owing to the increase in installations of CSP plants.
Which is the fastest-growing technology segment during the forecasted period in the concentrating solar power market?
The solar power tower technology segment is the fastest-growing during the forecasted period due to the the higher temperatures that can allow higher efficiency of the steam cycle and decrease water consumption for cooling the condenser.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 27)
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 CONCENTRATING SOLAR POWER MARKET, BY TECHNOLOGY: INCLUSIONS & EXCLUSIONS
1.2.2 CSP MARKET, BY CAPACITY: INCLUSIONS & EXCLUSIONS
1.2.3 CSP MARKET, BY OPERATION TYPE: INCLUSIONS & EXCLUSIONS
1.2.4 CSP MARKET, BY END USER: INCLUSIONS & EXCLUSIONS
1.3 MARKET SCOPE
1.3.1 MARKET SEGMENTATION
1.3.2 REGIONAL SCOPE
1.4 YEARS CONSIDERED
1.5 CURRENCY
1.6 LIMITATIONS
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 32)
2.1 RESEARCH DATA
FIGURE 1 CONCENTRATING SOLAR POWER MARKET: RESEARCH DESIGN
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 Break-up of primaries
2.2 SCOPE
FIGURE 2 MAIN METRICS CONSIDERED WHILE ASSESSING DEMAND FOR CSP MARKET
2.3 MARKET SIZE ESTIMATION
2.3.1 BOTTOM-UP APPROACH
2.3.2 DEMAND-SIDE ANALYSIS
FIGURE 3 ESTIMATING MARKET SIZE THROUGH YEAR-ON-YEAR CAPACITY ADDITION OF CONCENTRATING SOLAR POWER TECHNOLOGY ACROSS COUNTRIES
2.3.2.1 Key assumptions
2.3.2.2 Calculation
2.3.2.3 Capex cost projection
FIGURE 4 GLOBAL AVERAGE CAPEX COST OF CSP TECHNOLOGIES INTEGRATED WITH STORAGE, 20182025 (USD/KW)
FIGURE 5 GLOBAL AVERAGE CAPEX COST OF STAND-ALONE SYSTEMS CSP TECHNOLOGIES, 20182025 (USD/KW)
2.3.3 FORECAST
2.3.4 SUPPLY-SIDE ANALYSIS
FIGURE 6 ESTIMATION OF MARKET SIZE THROUGH REVENUE OF MAJOR TECHNOLOGY PROVIDERS IN CSP MARKET ACROSS REGIONS
2.3.4.1 Supply-side calculation
3 EXECUTIVE SUMMARY (Page No. - 42)
3.1 SCENARIO ANALYSIS
FIGURE 7 SCENARIO ANALYSIS: MARKET, 20182025
3.1.1 OPTIMISTIC SCENARIO
3.1.2 REALISTIC SCENARIO
3.1.3 PESSIMISTIC SCENARIO
TABLE 1 CONCENTRATING SOLAR POWER MARKET SNAPSHOT
FIGURE 8 MIDDLE EAST & AFRICA DOMINATED MARKET IN 2019
FIGURE 9 SOLAR POWER TOWERS SEGMENT IS EXPECTED TO CONTINUE TO HOLD LARGEST SHARE OF MARKET, BY TECHNOLOGY, DURING FORECAST PERIOD
FIGURE 10 UTILITIES IS EXPECTED TO CONTINUE TO LEAD MARKET, BY END USER, DURING FORECAST PERIOD
4 PREMIUM INSIGHTS (Page No. - 48)
4.1 ATTRACTIVE OPPORTUNITIES IN CSP MARKET
FIGURE 11 GROWING EMPHASIS TO INTEGRATE CSP IN HYBRID POWER PLANTS IS EXPECTED TO DRIVE MARKET DURING 20202025
4.2 CSP MARKET, BY REGION
FIGURE 12 ASIA PACIFIC MARKET IS EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
4.3 ASIA PACIFIC CSP MARKET, BY END USER & COUNTRY
FIGURE 13 UTILITIES AND CHINA DOMINATED ASIA PACIFIC MARKET, BY END USER AND COUNTRY, RESPECTIVELY, IN 2019
4.4 CSP MARKET, BY OPERATION TYPE
FIGURE 14 BY OPERATION TYPE, WITH STORAGE SEGMENT HAS DOMINATE MARKET, 2019
4.5 CSP MARKET, BY CAPACITY
FIGURE 15 BY CAPACITY, 100 MW AND ABOVE SEGMENT HAS THE LARGEST MARKET SHARE IN 2019
4.6 CSP MARKET, BY END USER
FIGURE 16 BY END USER, UTILITIES SEGMENT HAS DOMINATE THE MARKET IN 2019
5 MARKET OVERVIEW (Page No. - 52)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 17 CSP MARKET: MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Growing environmental concerns over carbon emissions and efforts to reduce air pollution
FIGURE 18 SOURCES OF CARBON DIOXIDE EMISSIONS IN US, 2018
5.2.1.2 Policy support from government to enable adoption of renewable technologies
5.2.1.3 Effective integration of CSP systems with thermal storage systems
TABLE 2 CSP TOWER PROJECTS WITH STORAGE IN 2017
5.2.2 RESTRAINTS
5.2.2.1 Higher cost of generation compared to other renewable technologies
TABLE 3 GLOBAL LCOE RANGE FOR RENEWABLE TECHNOLOGIES, 2017
FIGURE 19 TOTAL INSTALLED COST BREAKDOWN FOR 100 MW PARABOLIC TROUGH
FIGURE 20 TOTAL INSTALLED COST BREAKDOWN FOR 100 MW SOLAR TOWER
5.2.3 OPPORTUNITIES
5.2.3.1 Integration of CSP in hybrid power plants
5.2.3.2 Use of CSP in desalination and enhanced oil recovery processes
5.2.4 CHALLENGES
5.2.4.1 Technical complexities of CSP plant
5.2.4.2 Solar PV is cheaper than CSP
FIGURE 21 GLOBAL ANNUAL SOLAR PV DEPLOYMENT, IN GW, 2018
5.3 VALUE CHAIN ANALYSIS
FIGURE 22 CONCENTRATING SOLAR POWER: VALUE CHAIN
5.3.1 PROJECT DEVELOPMENT
5.3.2 MATERIAL
5.3.3 COMPONENTS
5.3.4 PLANT ENGINEERING & CONSTRUCTION
5.3.5 OPERATION
5.3.6 DISTRIBUTION
5.4 TECHNOLOGY ANALYSIS
5.4.1 TEMPERATURE AND EFFICIENCY LIMITATION
5.4.2 NREL SUNSHOT INITIATIVE
5.4.3 MICRO-CSP
5.5 CASE STUDY ANALYSIS
5.5.1 CRESCENT DUNES USES SOLAR POWER TOWER CSP FOR UTILITIES
TABLE 4 CRESCENT DUNES PROJECT STATISTICS
5.5.2 SUPCON DELINGHA 50MW MOLTEN SALT TOWER CSP USES SOLAR POWER TOWER CSP FOR UTILITIES
TABLE 5 SUPCON DELINGHA PROJECT STATISTICS
6 IMPACT OF COVID-19 ON CSP MARKET, SCENARIO ANALYSIS, BY REGION (Page No. - 66)
6.1 INTRODUCTION
6.1.1 IMPACT OF COVID-19 ON GDP
TABLE 6 GDP ANALYSIS (IN PERCENTAGE)
6.1.2 SCENARIO ANALYSIS OF GLOBAL POWER SECTOR
FIGURE 23 ANNUAL AVERAGE GROWTH RATE OF ELECTRICITY DEMAND, 20172020
6.1.3 OPTIMISTIC SCENARIO
TABLE 7 OPTIMISTIC SCENARIO: CSP MARKET, BY REGION, 20182025 (USD MILLION)
6.1.4 REALISTIC SCENARIO
TABLE 8 REALISTIC SCENARIO: CSP MARKET, BY REGION, 20182025 (USD MILLION)
6.1.5 PESSIMISTIC SCENARIO
TABLE 9 PESSIMISTIC SCENARIO: CSP MARKET, BY REGION, 20182025 (USD MILLION)
7 CONCENTRATING SOLAR POWER MARKET, BY TECHNOLOGY (Page No. - 70)
7.1 INTRODUCTION
FIGURE 24 CSP MARKET, BY TECHNOLOGY,2019
TABLE 10 CSP MARKET, BY TECHNOLOGY, 20182025 (USD MILLION)
7.2 SOLAR POWER TOWERS
7.2.1 HIGHER EFFICIENCY OF STEAM CYCLE AND POTENTIAL TO REACH HIGH TEMPERATURES ARE DRIVING MARKET
TABLE 11 SOLAR POWER TOWERS: CSP MARKET SIZE, BY REGION, 20182025 (USD MILLION)
7.3 LINEAR CONCENTRATING SYSTEMS
7.3.1 REDUCED CAPEX COST AND ABILITY TO GENERATE HIGHER TEMPERATURE ARE DRIVING MARKET
TABLE 12 LINEAR CONCENTRATING SYSTEMS: CSP MARKET, BY REGION, 20182025 (USD MILLION)
7.4 STIRLING DISH TECHNOLOGY
7.4.1 NEED FOR MODULAR SYSTEMS AND REDUCED HEAT LOSS ARE DRIVING MARKET
TABLE 13 STIRLING DISH TECHNOLOGY: CSP MARKET, BY REGION, 20182025 (USD MILLION)
8 CONCENTRATING SOLAR POWER MARKET, BY OPERATION TYPE (Page No. - 76)
8.1 INTRODUCTION
FIGURE 25 CSP MARKET, BY OPERATION TYPE, 2019
TABLE 14 CSP MARKET, BY OPERATION TYPE, 20182025 (USD MILLION)
8.2 STAND-ALONE SYSTEMS
8.2.1 LOW CAPEX IS DRIVING MARKET FOR STAND-ALONE SYSTEMS
TABLE 15 STAND-ALONE SYSTEMS: CSP MARKET, BY REGION, 20182025 (USD MILLION)
8.3 WITH STORAGE
8.3.1 NEED TO GENERATE POWER DURING NIGHT AND PROVIDE CONTINUOUS ELECTRICITY ARE DRIVING MARKET
TABLE 16 WITH STORAGE: CSP MARKET, BY REGION, 20182025 (USD MILLION)
9 CONCENTRATING SOLAR POWER MARKET, BY CAPACITY (Page No. - 80)
9.1 INTRODUCTION
FIGURE 26 CSP MARKET, BY CAPACITY, 2019
TABLE 17 CSP MARKET, BY CAPACITY, 20182025 (USD MILLION)
9.2 LESS THAN 50 MW
9.2.1 NEED FOR SMALL-SCALE RENEWABLE UTILITY POWER IS DRIVING MARKET
TABLE 18 LESS THAN 50 MW: CSP MARKET, BY REGION, 20182025 (USD MILLION)
9.3 50 MW TO 99 MW
9.3.1 INCREASING UTILITY-SCALE POWER GENERATION WITH THERMAL STORAGE IS DRIVING MARKET
TABLE 19 50 MW TO 99 MW: CSP MARKET, BY REGION, 20182025 (USD MILLION)
9.4 100 MW AND ABOVE
9.4.1 NEED TO INSTALL CSP TECHNOLOGY TO MEET RENEWABLE ENERGY GENERATION TARGETS AND CONTINUOUS OPERATIONS ARE DRIVING MARKET
TABLE 20 100 MW AND ABOVE: CSP MARKET, BY REGION, 20182025 (USD MILLION)
10 CONCENTRATING SOLAR POWER MARKET, BY END USER (Page No. - 85)
10.1 INTRODUCTION
FIGURE 27 CONCENTRATING SOLAR POWER, BY END USER, 2019
TABLE 21 CSP MARKET, BY END USER, 20182025 (USD MILLION)
10.2 UTILITIES
10.2.1 INCREASING ENERGY DEMAND AND ABILITY TO STORE ENERGY FOR FUTURE USE DRIVING MARKET GROWTH
TABLE 22 UTILITIES: CSP MARKET, BY REGION, 20182025 (USD MILLION)
10.3 EOR
10.3.1 NEED TO BOOST OIL PRODUCTION AND EXTEND LIFE OF OIL FIELDS DRIVING MARKET GROWTH
TABLE 23 EOR: CSP MARKET, BY REGION, 20182025 (USD MILLION)
10.4 OTHERS
10.4.1 GROWING NEED FOR OFF GRID POWER SUPPLY USING RENEWABLE POWER SOURCES DRIVING MARKET GROWTH
TABLE 24 OTHERS: CSP MARKET, BY REGION, 20182025 (USD MILLION)
11 CONCENTRATING SOLAR POWER MARKET, BY REGION (Page No. - 90)
11.1 INTRODUCTION
FIGURE 28 REGIONAL SNAPSHOT: MARKET IN ASIA PACIFIC IS EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 29 CSP MARKET SHARE (VALUE), BY REGION, 2019
TABLE 25 GLOBAL CSP MARKET, CAPACITY, BY REGION, 20182025 (IN MW)
TABLE 26 GLOBAL CSP MARKET, BY REGION, 20182025 (USD MILLION)
11.2 NORTH AMERICA
11.2.1 IMPACT OF COVID-19 ON NORTH AMERICA CSP MARKET
11.2.2 NORTH AMERICA: CSP POWER MARKET, COVID-19 SCENARIO ANALYSIS
TABLE 27 NORTH AMERICA: CSP MARKET, SCENARIO ANALYSIS, 20182025 (USD MILLION)
11.2.3 BY TECHNOLOGY
TABLE 28 NORTH AMERICA: CSP MARKET, BY TECHNOLOGY, 20182025 (USD MILLION)
11.2.4 BY OPERATION TYPE
TABLE 29 NORTH AMERICA: CSP MARKET, BY OPERATION TYPE, 20182025 (USD MILLION)
11.2.5 BY CAPACITY
TABLE 30 NORTH AMERICA: CSP MARKET, BY CAPACITY, 20182025 (USD MILLION)
11.2.6 BY END USER
TABLE 31 NORTH AMERICA: CSP MARKET, BY END USER, 20182025 (USD MILLION)
11.2.7 BY COUNTRY
TABLE 32 NORTH AMERICA: CSP MARKET, BY COUNTRY, 20182025 (USD MILLION)
11.2.7.1 US
11.2.7.1.1 Planned CSP power generation targets will drive market in US
11.2.7.1.2 By technology
TABLE 33 US: CSP MARKET, BY TECHNOLOGY, 20182025 (USD MILLION)
11.2.7.1.3 By operation type
TABLE 34 US: MARKET, BY OPERATION TYPE, 20182025 (USD MILLION)
11.2.7.1.4 By capacity
TABLE 35 US: MARKET, BY CAPACITY, 20182025 (USD MILLION)
11.2.7.1.5 By end user
TABLE 36 US: MARKET, BY END USER, 20182025 (USD MILLION)
11.2.7.2 Mexico
11.2.7.2.1 Potential of using CSP for numerous mini-grid applications
11.2.7.2.2 By technology
TABLE 37 MEXICO: CSP MARKET, BY TECHNOLOGY, 20182025 (USD MILLION)
11.2.7.2.3 By operation type
TABLE 38 MEXICO: MARKET, BY OPERATION TYPE, 20182025 (USD MILLION)
11.2.7.2.4 By capacity
TABLE 39 MEXICO: MARKET, BY CAPACITY, 20182025 (USD MILLION)
11.2.7.2.5 By end user
TABLE 40 MEXICO: MARKET, BY END USER, 20182025 (USD MILLION)
11.3 SOUTH AMERICA
11.3.1 IMPACT OF COVID-19 ON SOUTH AMERICA CSP MARKET
11.3.2 SOUTH AMERICA: MARKET, SCENARIO ANALYSIS, 20182025
TABLE 41 SOUTH AMERICA: CSP MARKET, SCENARIO ANALYSIS, 20182025 (USD MILLION)
11.3.3 BY TECHNOLOGY
TABLE 42 SOUTH AMERICA: MARKET, BY TECHNOLOGY, 20182025 (USD MILLION)
11.3.4 BY OPERATION TYPE
TABLE 43 SOUTH AMERICA: MARKET, BY OPERATION TYPE, 20182025 (USD MILLION)
11.3.5 BY CAPACITY
TABLE 44 SOUTH AMERICA: MARKET, BY CAPACITY, 20182025 (USD MILLION)
11.3.6 BY END USER
TABLE 45 SOUTH AMERICA: CSP MARKET, BY END USER, 20182025 (USD MILLION)
11.3.7 BY COUNTRY
TABLE 46 SOUTH AMERICA: MARKET, BY COUNTRY, 20182025 (USD MILLION)
11.3.7.1 Brazil
11.3.7.1.1 Availability of large suitable land area for CSP and supportive renewable energy policies driving market growth
11.3.7.1.2 By technology
TABLE 47 BRAZIL: CONCENTRATING SOLAR POWER MARKET, BY TECHNOLOGY, 20182025 (USD MILLION)
11.3.7.1.3 By operation type
TABLE 48 BRAZIL: MARKET, BY OPERATION TYPE, 20182025 (USD MILLION)
11.3.7.1.4 By capacity
TABLE 49 BRAZIL: MARKET, BY CAPACITY, 20182025 (USD MILLION)
11.3.7.1.5 By end user
TABLE 50 BRAZIL: MARKET, BY END USER, 20182025 (USD MILLION)
11.3.7.2 Chile
11.3.7.2.1 Potential to supply components such as thermal energy storage molten salts fostering market growth
11.3.7.2.2 By technology
TABLE 51 CHILE: MARKET, BY TECHNOLOGY, 20182025 (USD MILLION)
11.3.7.2.3 By operation type
TABLE 52 CHILE: MARKET, BY OPERATION TYPE, 20182025 (USD MILLION)
11.3.7.2.4 By capacity
TABLE 53 CHILE: MARKET, BY CAPACITY, 20182025 (USD MILLION)
11.3.7.2.5 By end user
TABLE 54 CHILE: CONCENTRATING SOLAR POWER MARKET, BY END USER, 20182025 (USD MILLION)
11.3.7.3 Rest of South America
11.3.7.3.1 By technology
TABLE 55 REST OF SOUTH AMERICA: CSP MARKET, BY TECHNOLOGY, 20182025 (USD MILLION)
11.3.7.3.2 By operation type
TABLE 56 REST OF SOUTH AMERICA: MARKET, BY OPERATION TYPE, 20182025 (USD MILLION)
11.3.7.3.3 By capacity
TABLE 57 REST OF SOUTH AMERICA: MARKET, BY CAPACITY, 20182025 (USD MILLION)
11.3.7.3.4 By end user
TABLE 58 REST OF SOUTH AMERICA: MARKET, BY END USER, 20182025 (USD MILLION)
11.4 EUROPE
11.4.1 IMPACT OF COVID-19 ON EUROPE CSP MARKET
11.4.2 EUROPE: CSP MARKET, SCENARIO ANALYSIS, 20182025
TABLE 59 EUROPE: CSP MARKET, SCENARIO ANALYSIS, 20182025 (USD MILLION)
11.4.3 BY TECHNOLOGY
TABLE 60 EUROPE: CSP MARKET, BY TECHNOLOGY, 20182025 (USD MILLION)
11.4.4 BY OPERATION TYPE
TABLE 61 EUROPE: CSP MARKET, BY OPERATION TYPE, 20182025 (USD MILLION)
11.4.5 BY CAPACITY
TABLE 62 EUROPE: CSP MARKET, BY CAPACITY, 20182025 (USD MILLION)
11.4.6 BY END USER
TABLE 63 EUROPE: CSP MARKET, BY END USER, 20182025 (USD MILLION)
11.4.7 BY COUNTRY
TABLE 64 EUROPE: CSP MARKET, BY COUNTRY, 20182025 (USD MILLION)
11.4.7.1 Cyprus
11.4.7.1.1 CSP targets and suitable solar irradiation levels boosting market growth
11.4.7.1.2 By technology
TABLE 65 CYPRUS: CONCENTRATING SOLAR POWER MARKET, BY TECHNOLOGY, 20182025 (USD MILLION)
11.4.7.1.3 By operation type
TABLE 66 CYPRUS: CSP MARKET, BY OPERATION TYPE, 20182025 (USD MILLION)
11.4.7.1.4 By capacity
TABLE 67 CYPRUS: CSP MARKET, BY CAPACITY, 20182025 (USD MILLION)
11.4.7.1.5 By end user
TABLE 68 CYPRUS: CSP MARKET, BY END USER, 20182025 (USD MILLION)
11.4.7.2 Spain
11.4.7.2.1 Multitude of CSP deployments in Spain favoring market growth
11.4.7.2.2 By technology
TABLE 69 SPAIN: CONCENTRATING SOLAR POWER MARKET, BY TECHNOLOGY, 20182025 (USD MILLION)
11.4.7.2.3 By operation type
TABLE 70 SPAIN: CSP MARKET, BY OPERATION TYPE, 20182025 (USD MILLION)
11.4.7.2.4 By capacity
TABLE 71 SPAIN: CSP MARKET, BY CAPACITY, 20182025 (USD MILLION)
11.4.7.2.5 By end user
TABLE 72 SPAIN: CSP MARKET, BY END USER, 20182025 (USD MILLION)
11.4.7.3 Greece
11.4.7.3.1 Need to reduce energy imports and presence of favorable radiation level supporting market growth
11.4.7.3.2 By technology
TABLE 73 GREECE: CONCENTRATING SOLAR POWER MARKET, BY TECHNOLOGY, 20182025 (USD MILLION)
11.4.7.3.3 By operation type
TABLE 74 GREECE: CSP MARKET, BY OPERATION TYPE, 20182025 (USD MILLION)
11.4.7.3.4 By capacity
TABLE 75 GREECE: CSP MARKET, BY CAPACITY, 20182025 (USD MILLION)
11.4.7.3.5 By end user
TABLE 76 GREECE: CSP MARKET, BY END USER, 20182025 (USD MILLION)
11.4.7.4 Rest of Europe
11.4.7.4.1 By technology
TABLE 77 REST OF EUROPE: CONCENTRATING SOLAR POWER MARKET, BY TECHNOLOGY, 20182025 (USD MILLION)
11.4.7.4.2 By operation type
TABLE 78 REST OF EUROPE: CSP MARKET, BY OPERATION TYPE, 20182025 (USD MILLION)
11.4.7.4.3 By capacity
TABLE 79 REST OF EUROPE: CSP MARKET, BY CAPACITY, 20182025 (USD MILLION)
11.4.7.4.4 By end user
TABLE 80 REST OF EUROPE: CSP MARKET, BY END USER, 20182025 (USD MILLION)
11.5 ASIA PACIFIC
11.5.1 IMPACT OF COVID-19 ON ASIA PACIFIC CONCENTRATING SOLAR POWER MARKET
FIGURE 30 ASIA PACIFIC: CSP MARKET SNAPSHOT, 2019
11.5.2 ASIA PACIFIC: CSP MARKET, SCENARIO ANALYSIS,20182025
TABLE 81 ASIA PACIFIC: CONCENTRATING SOLAR POWER MARKET, SCENARIO ANALYSIS, 20182025 (USD MILLION)
11.5.3 BY TECHNOLOGY
TABLE 82 ASIA PACIFIC: CSP MARKET, BY TECHNOLOGY, 20182025 (USD MILLION)
11.5.4 BY OPERATION TYPE
TABLE 83 ASIA PACIFIC: CSP MARKET, BY OPERATION TYPE, 20182025 (USD MILLION)
11.5.5 BY CAPACITY
TABLE 84 ASIA PACIFIC: CSP MARKET, BY CAPACITY, 20182025 (USD MILLION)
11.5.6 BY END USER
TABLE 85 ASIA PACIFIC: CSP MARKET, BY END USER, 20182025 (USD MILLION)
11.5.7 BY COUNTRY
TABLE 86 ASIA PACIFIC: CSP MARKET, BY COUNTRY, 20182025 (USD MILLION)
11.5.7.1 China
11.5.7.1.1 Increasing investment in CSP for power grid stabilization driving market growth
11.5.7.1.2 By technology
TABLE 87 CHINA: CSP MARKET, BY TECHNOLOGY, 20182025 (USD MILLION)
11.5.7.1.3 By operation type
TABLE 88 CHINA: CSP MARKET, BY OPERATION TYPE, 20182025 (USD MILLION)
11.5.7.1.4 By capacity
TABLE 89 CHINA: CSP MARKET, BY CAPACITY, 20182025 (USD MILLION)
11.5.7.1.5 By end-user
TABLE 90 CHINA: CSP MARKET, BY END USER, 20182025 (USD MILLION)
11.5.7.2 India
11.5.7.2.1 Potential to integrate CSP with desalination plants is driving the market
11.5.7.2.2 By technology
TABLE 91 INDIA: CONCENTRATING SOLAR POWER MARKET SIZE, BY TECHNOLOGY, 20182025 (USD MILLION)
11.5.7.2.3 By operation type
TABLE 92 INDIA: CSP MARKET SIZE, BY OPERATION TYPE, 20182025 (USD MILLION)
11.5.7.2.4 By capacity
TABLE 93 INDIA: CSP MARKET SIZE, BY CAPACITY, 20182025 (USD MILLION)
11.5.7.2.5 By end user
TABLE 94 INDIA: CSP MARKET SIZE, BY END USER, 20182025 (USD MILLION)
11.5.7.3 Australia
11.5.7.3.1 Potential of CSP to provide power grid balance and flexibility is driving the market
11.5.7.3.2 By technology
TABLE 95 AUSTRALIA: CONCENTRATING SOLAR POWER MARKET SIZE, BY TECHNOLOGY, 20182025 (USD MILLION)
11.5.7.3.3 By operation type
TABLE 96 AUSTRALIA: CSP MARKET, BY OPERATION TYPE, 20182025 (USD MILLION)
11.5.7.3.4 By capacity
TABLE 97 AUSTRALIA: CSP MARKET SIZE, BY CAPACITY, 20182025 (USD MILLION)
11.5.7.3.5 By end user
TABLE 98 AUSTRALIA: CSP MARKET SIZE, BY END USER, 20182025 (USD MILLION)
11.5.7.4 Rest of Asia Pacific
11.5.7.4.1 By technology
TABLE 99 REST OF ASIA PACIFIC: CONCENTRATING SOLAR POWER MARKET SIZE, BY TECHNOLOGY, 20182025 (USD MILLION)
11.5.7.4.2 By operation type
TABLE 100 REST OF ASIA PACIFIC: CSP MARKET, BY OPERATION TYPE, 20182025 (USD MILLION)
11.5.7.4.3 By capacity
TABLE 101 REST OF ASIA PACIFIC: CSP MARKET, BY CAPACITY, 20182025 (USD MILLION)
11.5.7.4.4 By end user
TABLE 102 REST OF ASIA PACIFIC: CSP MARKET, BY END USER, 20182025 (USD MILLION)
11.6 MIDDLE EAST & AFRICA
11.6.1 IMPACT OF COVID-19 ON MIDDLE EAST & AFRICA CSP MARKET
FIGURE 31 MIDDLE EAST & AFRICA: CSP MARKET SNAPSHOT, 2019
11.6.2 MIDDLE EAST & AFRICA: CSP MARKET SIZE, SCENARIO ANALYSIS, 20182025
TABLE 103 MIDDLE EAST & AFRICA: CSP MARKET SIZE, SCENARIO ANALYSIS, 20182025 (USD MILLION)
11.6.3 BY TECHNOLOGY
TABLE 104 MIDDLE EAST & AFRICA: CSP MARKET SIZE, BY TECHNOLOGY, 20182025 (USD MILLION)
11.6.4 BY OPERATION TYPE
TABLE 105 MIDDLE EAST & AFRICA: CONCENTRATING SOLAR POWER MARKET, BY OPERATION TYPE, 20182025 (USD MILLION)
11.6.5 BY CAPACITY
TABLE 106 MIDDLE EAST & AFRICA: CSP MARKET SIZE, BY CAPACITY, 20182025 (USD MILLION)
11.6.6 BY END USER
TABLE 107 MIDDLE EAST & AFRICA: CSP MARKET SIZE, BY END USER, 20182025 (USD MILLION)
11.6.7 BY COUNTRY
TABLE 108 MIDDLE EAST & AFRICA: CSP MARKET SIZE, BY COUNTRY, 20182025 (USD MILLION)
11.6.7.1 Saudi Arabia
11.6.7.1.1 Potential to transit from oil dependence and use of CSP for renewable power generation are driving the market
11.6.7.1.2 By technology
TABLE 109 SAUDI ARABIA: CONCENTRATING SOLAR POWER MARKET SIZE, BY TECHNOLOGY, 20182025 (USD MILLION)
11.6.7.1.3 By operation type
TABLE 110 SAUDI ARABIA: CSP MARKET SIZE, BY OPERATION TYPE, 20182025 (USD MILLION)
11.6.7.1.4 By capacity
TABLE 111 SAUDI ARABIA: CSP MARKET SIZE, BY CAPACITY, 20182025 (USD MILLION)
11.6.7.1.5 By end user
TABLE 112 SAUDI ARABIA: CSP MARKET SIZE, BY END USER, 20182025 (USD MILLION)
11.6.7.2 UAE
11.6.7.2.1 Potential for CSP in supplying power to district cooling systems is driving the market
11.6.7.2.2 By technology
TABLE 113 UAE: CONCENTRATING SOLAR POWER MARKET SIZE, BY TECHNOLOGY, 20182025 (USD MILLION)
11.6.7.2.3 By operation type
TABLE 114 UAE: CSP MARKET SIZE, BY OPERATION TYPE, 20182025 (USD MILLION)
11.6.7.2.4 By capacity
TABLE 115 UAE: CSP MARKET SIZE, BY CAPACITY, 20182025 (USD MILLION)
11.6.7.2.5 By end user
TABLE 116 UAE: CSP MARKET SIZE, BY END USER, 20182025 (USD MILLION)
11.6.7.3 South Africa
11.6.7.3.1 Potential of CSP and mining hybridization is driving the market
11.6.7.3.2 By technology
TABLE 117 SOUTH AFRICA: CONCENTRATING SOLAR POWER MARKET SIZE, BY TECHNOLOGY, 20182025 (USD MILLION)
11.6.7.3.3 By operation type
TABLE 118 SOUTH AFRICA: CSP MARKET SIZE, BY OPERATION TYPE, 20182025 (USD MILLION)
11.6.7.3.4 By capacity
TABLE 119 SOUTH AFRICA: CSP MARKET SIZE, BY CAPACITY, 20182025 (USD MILLION)
11.6.7.3.5 By end user
TABLE 120 SOUTH AFRICA: CSP MARKET SIZE, BY END USER, 20182025 (USD MILLION)
11.6.7.4 Morocco
11.6.7.4.1 Growing number of CSP projects and supportive legislation are driving the market
11.6.7.4.2 By technology
TABLE 121 MOROCCO: CONCENTRATING SOLAR POWER MARKET SIZE, BY TECHNOLOGY, 20182025 (USD MILLION)
11.6.7.4.3 By operation type
TABLE 122 MOROCCO: CSP MARKET SIZE, BY OPERATION TYPE, 20182025 (USD MILLION)
11.6.7.4.4 By capacity
TABLE 123 MOROCCO: CSP MARKET SIZE, BY CAPACITY, 20182025 (USD MILLION)
11.6.7.4.5 By end user
TABLE 124 MOROCCO: CSP MARKET SIZE, BY END USER, 20182025 (USD MILLION)
11.6.7.5 Rest of Middle East & Africa
11.6.7.5.1 By technology
TABLE 125 REST OF MIDDLE EAST AND AFRICA: CONCENTRATING SOLAR POWER MARKET, BY TECHNOLOGY, 20182025 (USD MILLION)
11.6.7.5.2 By operation type
TABLE 126 REST OF MIDDLE EAST AND AFRICA: CSP MARKET, BY OPERATION TYPE, 20182025 (USD MILLION)
11.6.7.5.3 By capacity
TABLE 127 REST OF MIDDLE EAST AND AFRICA: CSP MARKET, BY CAPACITY, 20182025 (USD MILLION)
11.6.7.5.4 By end user
TABLE 128 REST OF MIDDLE EAST AND AFRICA: CSP MARKET, BY END USER, 20182025 (USD MILLION)
12 COMPETITIVE LANDSCAPE (Page No. - 146)
12.1 OVERVIEW
FIGURE 32 KEY DEVELOPMENTS IN CONCENTRATING SOLAR POWER MARKET, 2016JUNE 2020
12.2 COMPETITIVE LEADERSHIP MAPPING (OVERALL MARKET)
12.2.1 STAR
12.2.2 EMERGING LEADERS
12.2.3 PERVASIVE
12.2.4 OTHER PLAYERS
FIGURE 33 CONCENTRATING SOLAR POWER MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2019
12.3 MARKET SHARE ANALYSIS, 2019
FIGURE 34 ABENGOA LED CSP MARKET IN 2019
12.4 REVENUE ANALYSIS OF TOP 6 PLAYERS
FIGURE 35 ABENGOA LED CSP MARKET IN 2019
12.5 COMPETITIVE SCENARIO
12.5.1 CONTRACTS & AGREEMENTS
12.5.2 PARTNERSHIPS & COLLABORATIONS
12.5.3 INVESTMENTS & EXPANSIONS
12.5.4 PRODUCT LAUNCHES
13 COMPANY PROFILES (Page No. - 154)
(Business overview, Technology Offered, Recent Developments, SWOT Analysis, MNM View)*
13.1 ENEL GREEN POWER
13.2 GENERAL ELECTRIC
FIGURE 36 GENERAL ELECTRIC: COMPANY SNAPSHOT
FIGURE 37 GENERAL ELECTRIC: SWOT ANALYSIS
13.3 ABENGOA
FIGURE 38 ABENGOA: COMPANY SNAPSHOT
FIGURE 39 ABENGOA: SWOT ANALYSIS
13.4 BRIGHTSOURCE ENERGY
13.5 ACWA POWER
13.6 GLASSPOINT SOLAR
13.7 ESOLAR
13.8 SOLARRESERVE
13.9 AALBORG CSP
13.10 TSK FLAGSOL ENGINEERING GMBH
13.11 ALSOLEN
13.12 ARCHIMEDE SOLAR ENERGY
13.13 ACCIONA ENERGY
13.14 COBRA ENERGIA
13.15 FRENELL GMBH
13.16 SOLTIGUA
13.17 ATLANTICA YIELD
13.18 CHIYODA CORPORATION
13.19 SOLASTOR
13.20 TORRESOL ENERGY
*Details on Business overview, Technology Offered, Recent Developments, SWOT Analysis, MNM View might not be captured in case of unlisted companies.
14 APPENDIX (Page No. - 185)
14.1 INSIGHTS OF INDUSTRY EXPERTS
14.2 DISCUSSION GUIDE
14.3 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
14.4 AVAILABLE CUSTOMIZATIONS
14.5 RELATED REPORTS
14.6 AUTHOR DETAILS
This study involved four major activities in estimating the current market size for concentrating solar power. Exhaustive secondary research was done to collect information on the market and the peer market. The next step was to validate these findings, assumptions, and market sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were used to estimate the total market size. After that, the market breakdown and data triangulation were done to estimate the market size of the segments and subsegments.
Secondary Research
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. The other secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.
Primary Research
The concentrating solar power market comprises several stakeholders, such as service providers, contractors, and third-party vendors. The demand side of this market is characterized by the huge demand for digitalization from operators/service providers. Advancements in new technology in concentrating solar power characterize the supply side. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The breakdown of primary respondents is as following
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches have been used to estimate and validate the size of the global concentrating solar power market and its dependent submarkets. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
- The key players in the industry and market have been identified through extensive secondary research, and their market shares in the respective regions have been determined through both primary and secondary research.
- The industrys supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall market sizeusing the market size estimation processes as explained abovethe market was split into segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.
Report Objectives
- To define, describe, and forecast the global concentrating solar power market by technology, by operation type, by capacity, by end user and region
- To provide detailed information on the major factors influencing the growth of the concentrating solar power market (drivers, restraints, opportunities, and industry-specific challenges)
- To strategically analyze the concentrating solar power market with respect to individual growth trends, prospects, and contribution of each segment to the market
- To analyze the impact of COVID-19 on the concentrating solar power market for the estimation of the market size
- To analyze market opportunities for stakeholders and details of a competitive landscape for market leaders
- To forecast the growth of the concentrating solar power market with respect to the major regions (Asia Pacific, Europe, the Americas, and The Middle East and Africa)
- To strategically profile key players and comprehensively analyze their market share and core competencies
- To track and analyze competitive developments such as contracts & agreements, expansions, new product developments, and partnerships in the concentrating solar power market
Available Customizations:
With the given market data, MarketsandMarkets offers customizations as per the clients specific needs. The following customization options are available for this report:
Regional Analysis
- Further breakdown of region or country-specific analysis
Company Information
- Detailed analyses and profiling of additional market players (up to 5)
Get in-depth analysis of the COVID-19 impact on the Concentrating Solar Power Market
Benchmarking the rapid strategy shifts of the Top 100 companies in the Concentrating Solar Power Market
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- Who will be your Top Customer; what will make them switch?
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Growth opportunities and latent adjacency in Concentrating Solar Power Market