Concentrated Solar Power (CSP) Market, By Technology (Linear Fresnel, Parabolic Trough, Dish, and Power Tower), By Application and Geography (North America, Europe, Asia Pacific and Rest of the World) Analysis, Share, Trends, Size, & Forecast from 2014 2025
Report Code: AV383
Industry: Semiconductor and Electronics
Publiced On: 2020-09-01
Pages: 159
Format:
REPORT HIGHLIGHT
The Concentrated Solar Power (CSP) market was valued at USD 3.69 million by 2017, growing with 14.8% CAGR during the forecast period, 2019-2025
Concentrated Solar Power (CSP) is referred to as concentrated solar thermal. The solar energy is utilized to generate electricity in two different ways. One is Photovoltaic (PV) systems and the other one is solar concentrators. Concentrated solar power is a technology that is used to generate electricity by concentrating the solar energy on the main point. It is used to focus sunlight. The concentrated solar power plant produce electricity using mirrors to concentrate the sunlight to focus the sun’s energy. CSP provides combined power and heat, in desalinization plants.
Market Dynamics
The concentrated solar power market is expected to grow owing to the increasing greenhouse gas emissions coupled with the rising awareness about global warming. The rising awareness about solar energy, increasing prices of conventional energy, and growing concerns regarding the future energy supply augment the growth of the worldwide market further. The high dependence on fossil fuels is expected to exhaust the fossil fuel reserves very soon. Incentives and government support are anticipated to further boost the growth of the market during the forecast period.
Another driver of the global market is the growing concern of majority nations regarding the depleting reserves of conventional energy sources and the rising global temperatures. Durability and cost-effectiveness are the major advantages of the concentrated solar market. Technologies related to CSP are widely being used around the world, thus propelling the global CSP market. However, the high cost of electricity generation is expected to curtail the growth of the market. The generation of power through solar energy is still at its early stage due to the lack of developed technology. The overall market has a huge opportunity to grow due to the hybridization of concentrated solar power plants with conventional thermal plants and adoption of heat storage systems.
Product Type Takeaway
On the basis of product types, the global CSP market is segmented into parabolic trough, linear Fresnel, dish stirling, and solar tower. The demand for the parabolic trough technology is the highest across commercial power plants as it is the most mature. This segment is also expected to register the fastest growth in the market during the forecast period, followed by the solar tower technologies and linear Fresnel. A number of commercial and industrial power plants are increasingly adopting the dish stirling technology to initiate new projects for future benefits. The solar field accounts for the maximum share of the cost of a solar plant. Based on the technologies, the field cost could be anywhere in the range of 60% for dish stirling and parabolic trough to about 43% for linear Fresnel and solar tower. The most significant cost reduction is going to come about by new innovations in the field of solar design, which could bring down the cost of energy by 15 to 28% depending on the technology.
The concentrated solar power industry must continue to focus on decreasing the cost by improving efficiency, technology, and deployment. These cost reductions must also be clearly shown to the key stakeholders. Major cost reductions will be achieved through the early deployment. The concentrated solar power industry should work pro-actively to learn from the lessons of publically funded early deployment to ensure they flow to the widest possible base within the constraints of competitive markets.
In the short term, decreasing the PV prices and uncertain national energy policies will put pressure on the installation rates of CSP. Concentrated solar power plants have already proven their ability when it comes to the dispatchable generation. The concentrated solar power with heat energy storage is the only renewable energy technology which is capable of delivering electricity consistently even during peak times.
However, the prices of wind power and PV have fallen drastically during the past years and technology maturity alone cannot determine the future demand for the concentrated solar power. Many other factors like localized influences such as national energy demand, government incentives, and conventional power costs play a big role.
Regional Takeaway
Europe is anticipated to lead the overall market in terms of usage, new projects, and number of installations. However, the economic downturn in the region has had a negative impact on the global concentrated solar power market as it did on most other modern markets. During the forecast period, the markets in Asia Pacific and North America are expected to witness a rapid growth owing to the growing concerns over the scarcity of the conventional resources.
Key Vendors Takeaway
Some of the key players in the global concentrated solar power market are SCHOTT Solar, Acciona S.A., SkyFuel Inc., TSK Flagsol, eSolar Incorporation, Abengoa Solar, NextEra Energy Resources LLC, GDF SUEZ, BrightSource Energy Inc., Areva Solar, SolarReserve, Ibereolica Group, and Solar Millennium.
The market size and forecast for each segment and sub-segments has been considered as below:
- Historical Year – 2014 & 2017
- Base Year – 2018
- Estimated Year – 2019
- Projected Year – 2025
TARGET AUDIENCE
- Traders, Distributors, and Suppliers
- Manufacturers
- Government and Regional Agencies
- Research Organizations
- Consultants
- Distributors
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
MAREKT, BY TECHNOLOGY
- Linear Fresnel
- Parabolic Trough
- Dish
- Power Tower
MARKET, BY APPLICATION
- Enhanced Oil Recovery
- Utilities
- Desalination
- Others
MARKET, BY REGION
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- Rest of Europe
- Asia Pacific
- India
- China
- Rest of APAC
- Rest of the World
- Middle East and Africa
- Latin America
TABLE OF CONTENT
1. CONCENTRATED SOLAR POWER (CSP) MARKET OVERVIEW
1.1. Study Scope
1.2. Assumption and Methodology
2. EXECUTIVE SUMMARY
2.1. Market Snippet
2.1.1. Market Snippet by Technology
2.1.2. Market Snippet by Application
2.1.3. Market Snippet by Region
2.2. Competitive Insights
3. CONCENTRATED SOLAR POWER (CSP) KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. CONCENTRATED SOLAR POWER (CSP) INDUSTRY STUDY
4.1. Porter’s Five Forces Analysis
4.2. Marketing Strategy Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. CONCENTRATED SOLAR POWER (CSP) MARKET LANDSCAPE
5.1. Market Share Analysis
5.2. Key Innovators
5.3. Breakdown Data, by Key manufacturer
5.3.1. Established Player Analysis
5.3.2. Emerging Player Analysis
6. CONCENTRATED SOLAR POWER (CSP) MARKET – BY TECHNOLOGY
6.1. Overview
6.1.1. Segment Share Analysis, By Technology, 2017 & 2025 (%)
6.2. Linear Fresnel
6.2.1. Overview
6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.3. Parabolic Trough
6.3.1. Overview
6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.4. Dish
6.4.1. Overview
6.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.5. Power Tower
6.5.1. Overview
6.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7. CONCENTRATED SOLAR POWER (CSP) MARKET – BY APPLICATION
7.1. Overview
7.1.1. Segment Share Analysis, By Application, 2017 & 2025 (%)
7.2. Enhanced Oil Recovery
7.2.1. Overview
7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.3. Utilities
7.3.1. Overview
7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.4. Desalination
7.4.1. Overview
7.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.5. Others
7.5.1. Overview
7.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8. CONCENTRATED SOLAR POWER (CSP) MARKET– BY GEOGRAPHY
8.1. Introduction
8.1.1. Segment Share Analysis, By Region, 2017 & 2025 (%)
8.2. North America
8.2.1. Overview
8.2.2. Key Manufacturers in North America
8.2.3. North America Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
8.2.4. North America Market Size and Forecast, By Technology, 2014 – 2025 (US$ Million)
8.2.5. North America Market Size and Forecast, By Application, 2014 – 2025 (US$ Million)
8.2.6. U.S.
8.2.6.1. Overview
8.2.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.2.7. Canada
8.2.7.1. Overview
8.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.3. Europe
8.3.1. Overview
8.3.2. Key Manufacturers in Europe
8.3.3. Europe Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
8.3.4. Europe Market Size and Forecast, By Technology, 2014 – 2025 (US$ Million)
8.3.5. Europe Market Size and Forecast, By Application, 2014 – 2025 (US$ Million)
8.3.6. France
8.3.6.1. Overview
8.3.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.3.7. Germany
8.3.7.1. Overview
8.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.3.8. Rest of Europe
8.3.8.1. Overview
8.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.4. Asia Pacific (APAC)
8.4.1. Overview
8.4.2. Key Manufacturers in Asia Pacific
8.4.3. Asia Pacific Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
8.4.4. Asia Pacific Market Size and Forecast, By Technology, 2014 – 2025 (US$ Million)
8.4.5. Asia Pacific Market Size and Forecast, By Application, 2014 – 2025 (US$ Million)
8.4.6. China
8.4.6.1. Overview
8.4.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.4.7. India
8.4.7.1. Overview
8.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.4.8. Rest of APAC
8.4.8.1. Overview
8.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.5. Rest of the World
8.5.1. Overview
8.5.2. Key Manufacturers in Rest of the World
8.5.3. Rest of the World Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
8.5.4. Rest of the World Market Size and Forecast, By Technology, 2014 – 2025 (US$ Million)
8.5.5. Rest of the World Market Size and Forecast, By Application, 2014 – 2025 (US$ Million)
8.5.6. Latin America
8.5.6.1. Overview
8.5.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.5.7. Middle East and Africa
8.5.7.1. Overview
8.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9. KEY VENDOR ANALYSIS
9.1. SCHOTT Solar
9.1.1. Company Snapshot
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Strategic Initiatives
9.2. Acciona S.A.
9.3. SkyFuel Inc.
9.4. TSK Flagsol
9.5. eSolar Incorporation
9.6. Abengoa Solar
9.7. NextEra Energy Resources LLC
9.8. GDF SUEZ
9.9. BrightSource Energy Inc.
9.10. Areva Solar
9.11. SolarReserve
9.12. Ibereolica Group
9.13. Solar Millennium
10. 360 DEGREE ANALYSTVIEW
11. APPENDIX
11.1. Research Methodology
11.2. References
11.3. Abbreviations
11.4. Disclaimer
11.5. Contact Us
List of Tables
TABLE List of data sources
TABLE Market drivers; Impact Analysis
TABLE Market restraints; Impact Analysis
TABLE Concentrated Solar Power (CSP) market: Technology snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by Technology
TABLE Global Concentrated Solar Power (CSP) market, by Technology 2014-2025 (USD Million)
TABLE Concentrated Solar Power (CSP) market: Application snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by Application
TABLE Global Concentrated Solar Power (CSP) market, by Application 2014-2025 (USD Million)
TABLE Concentrated Solar Power (CSP) market: regional snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by region
TABLE Global Concentrated Solar Power (CSP) market, by region 2014-2025 (USD Million)
TABLE North America Concentrated Solar Power (CSP) market, by country, 2014-2025 (USD Million)
TABLE North America Concentrated Solar Power (CSP) market, by Technology, 2014-2025 (USD Million)
TABLE North America Concentrated Solar Power (CSP) market, by Application, 2014-2025 (USD Million)
TABLE Europe Concentrated Solar Power (CSP) market, by country, 2014-2025 (USD Million)
TABLE Europe Concentrated Solar Power (CSP) market, by Technology, 2014-2025 (USD Million)
TABLE Europe Concentrated Solar Power (CSP) market, by Application, 2014-2025 (USD Million)
TABLE Asia Pacific Concentrated Solar Power (CSP) market, by country, 2014-2025 (USD Million)
TABLE Asia Pacific Concentrated Solar Power (CSP) market, by Technology, 2014-2025 (USD Million)
TABLE Rest of the World Concentrated Solar Power (CSP) market, by country, 2014-2025 (USD Million)
TABLE Rest of the World Concentrated Solar Power (CSP) market, by Technology, 2014-2025 (USD Million)
TABLE Rest of the World Concentrated Solar Power (CSP) market, by Application, 2014-2025 (USD Million)
List of Figures
FIGURE Concentrated Solar Power (CSP) market segmentation
FIGURE Market research methodology
FIGURE Value chain analysis
FIGURE Porter’s Five Forces Analysis
FIGURE Market Attractiveness Analysis
FIGURE Competitive Landscape; Key company market share analysis, 2018
FIGURE Technology segment market share analysis, 2017 & 2025
FIGURE Technology segment market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Linear Fresnel market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Parabolic Trough market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Dish market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Power Tower market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Application segment market share analysis, 2017 & 2025
FIGURE Application segment market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Enhanced Oil Recovery market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Utilities market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Desalination market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Others market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Regional segment market share analysis, 2017 & 2025
FIGURE Regional segment market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE North America Concentrated Solar Power (CSP) market share and leading players, 2018
FIGURE Europe Concentrated Solar Power (CSP) market share and leading players, 2018
FIGURE Asia Pacific Concentrated Solar Power (CSP) market share and leading players, 2018
FIGURE Latin America Concentrated Solar Power (CSP) market share and leading players, 2018
FIGURE Middle East and Africa Concentrated Solar Power (CSP) market share and leading players, 2018
FIGURE North America market share analysis by country, 2018
FIGURE U.S. market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Canada market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Europe market share analysis by country, 2018
FIGURE U.K. market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Germany market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Rest of the Europe market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Asia Pacific market share analysis by country, 2018
FIGURE India market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE China market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Rest of Asia Pacific market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Rest of the World market share analysis by country, 2018
FIGURE Latin America market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Middle East and Africa market size, forecast and trend analysis, 2014 to 2025 (USD Million)
