Concentrating Solar Power (CSP) technologies use mirrors to concentrate the sun's light energy and convert it into heat to create steam to drive a turbine that generates electrical power. The high demand for concentrated solar power technologies is mainly driven by the growing global thrust to increase the share of renewable energy such as solar energy in a sustainable way. The escalating demand for energy in several sectors, and continuous efforts to reduce the dependence on conventional energy sources in many countries, is a key factor boosting the growth of the global Concentrating Solar Power market.
Furthermore, constant developments in solar-to-electric conversion technologies reinforce the popularity of CSP power plants across the world. In addition, the huge funding by governments in developing and developed countries to support the commercial generation of electrical energy using CSP technologies is providing a continued boost to their adoption. Hence, government Support and increasing implementation of heat storage systems are significantly propelling the growth of the global Concentrating Solar Power market.
On the other hand, the high cost of energy generation using concentrated solar power plants in some regions is a key factor that has halted the growth of the market. Besides this, an increasing number of industrial and commercial power plants are leveraging the potential of several CSP systems in developed countries, this key fact creating various profitable ways for market players.
Covid-19 Impact on Concentrating Solar Power Market
As around one-third of the global population is staying indoors owing to nationwide lockdown, stay-at-home orders, and restrictions on movement, the energy demand has sharply dipped. By the end of 2020, approximately, a decline in 5% of the energy demand was been recorded. Also, waning in corresponding gas and oil demands of 4% and 9%, respectively were registered in 2020. Currently, the energy market is at a historic low with surplus supplies. However, the situation is expected to ease up with a lift in lockdown restrictions and end-use industries start operating with great efficiencies.
Concentrating Solar Power Market Segment Overview
According to Product Type, the Solar Tower segment is the major contributor in the Concentrating Solar Power market during the forecast period. The solar tower segment is getting an enhancement owing to the higher temperatures that can allow greater efficiency of the steam cycle and reduce water consumption for cooling the condenser. The higher temperature uses thermal energy storage for achieving schedulable power generation. Therefore, growing adoption of solar power towers due to reduction in cost or allowing greater storage for the same price is anticipated to boost the solar tower segment at the highest pace throughout the forecast period.
Concentrating Solar Power Market, By Product Type
· Parabolic Trough
· Solar Tower
· Linear Fresnel
· Dish Stirling
Concentrating Solar Power Market, By End-User Industry
· Residential
· Commercial
· Industrial
Concentrating Solar Power Market Regional Overview
The Concentrating Solar Power market in the Asia Pacific is expected to register the fastest growth in the next few years. This is mainly because of the increase in installations of CSP plants in this region. China is expected to grow at the highest CAGR over the stated period. This is primarily due to the growing investment in CSP for stabilizing power grid is driving this country. Furthermore, the region focuses on the need to generate continuous renewable electricity to support growing economic activities. It eventually propelling the growth of the market in this region
Concentrating Solar Power Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Concentrating Solar Power Market Competitor overview
Some key developments and strategies adopted by manufacturers in Concentrating Solar Power are highlighted below.
· 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.
Concentrating Solar Power Market, Key Players
· NextEra Energy Resources LLC
· Ibereolica Group
· Engie
· TSK Flagsol
· SCHOTT Solar AG
· Solar Millennium AG
· SolarReserve LLC
· Acciona, S.A.
· BrightSource Energy Inc.
· eSolar Inc.
· SkyFuel Inc.
· Abengoa Solar S.A.
· Areva Solar
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Concentrating Solar Power Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Product Type
- 5.2.1. Parabolic Trough
- 5.2.2. Solar Tower
- 5.2.3. Linear Fresnel
- 5.2.4. Dish Stirling
- 5.3. Market Analysis, Insights and Forecast – By End-User Industry
- 5.3.1. Residential
- 5.3.2. Commercial
- 5.3.3. Industrial
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America, Middle East and Africa
6. North America Concentrating Solar Power Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Product Type
- 6.2.1. Parabolic Trough
- 6.2.2. Solar Tower
- 6.2.3. Linear Fresnel
- 6.2.4. Dish Stirling
- 6.3. Market Analysis, Insights and Forecast – By End-User Industry
- 6.3.1. Residential
- 6.3.2. Commercial
- 6.3.3. Industrial
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
7. Europe Concentrating Solar Power Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Product Type
- 7.2.1. Parabolic Trough
- 7.2.2. Solar Tower
- 7.2.3. Linear Fresnel
- 7.2.4. Dish Stirling
- 7.3. Market Analysis, Insights and Forecast – By End-User Industry
- 7.3.1. Residential
- 7.3.2. Commercial
- 7.3.3. Industrial
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. UK
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Rest of Europe
8. Asia Pacific Concentrating Solar Power Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Product Type
- 8.2.1. Parabolic Trough
- 8.2.2. Solar Tower
- 8.2.3. Linear Fresnel
- 8.2.4. Dish Stirling
- 8.3. Market Analysis, Insights and Forecast – By End-User Industry
- 8.3.1. Residential
- 8.3.2. Commercial
- 8.3.3. Industrial
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. South East Asia
- 8.4.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Concentrating Solar Power Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Product Type
- 9.2.1. Parabolic Trough
- 9.2.2. Solar Tower
- 9.2.3. Linear Fresnel
- 9.2.4. Dish Stirling
- 9.3. Market Analysis, Insights and Forecast – By End-User Industry
- 9.3.1. Residential
- 9.3.2. Commercial
- 9.3.3. Industrial
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. Brazil
- 9.4.2. Saudi Arabia
- 9.4.3. UAE
- 9.4.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. NextEra Energy Resources LLC
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Ibereolica Group
- 10.6. Engie
- 10.7. TSK Flagsol
- 10.8. SCHOTT Solar AG
- 10.9. Solar Millennium AG
- 10.10. SolarReserve LLC
- 10.11. Acciona, S.A.
- 10.12. BrightSource Energy Inc.
- 10.13. eSolar Inc.
- 10.14. SkyFuel Inc.
- 10.15. Abengoa Solar S.A.
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
