DUBLIN, October 21, 2022 /PRNewswire/ — The “Concentrating Solar Power Market by Technology (Solar Power Tower, Linear Concentrating System, Dish Stirling), Type of Operation (Standalone, Storage), Capacity (<50MW, 50-99MW, 100MW and more), End User (Utilities, EOR), Region - Global Forecast to 2027" report has been added to from ResearchAndMarkets.com offer.
The global concentrated solar power market size is estimated at $6.0 billion in 2022 and should reach $19.9 billion by 2027; it is expected to grow at a CAGR of 26.9% during the forecast period.
Key drivers of the concentrated solar power market include the efficient integration of CSP systems with thermal storage systems and the use of CSP in desalination and enhanced oil recovery processes.
Linear Concentrating Systems: The Second Largest Segment of the Concentrating Solar Power Market, by Technology
Based on the technology, the concentrated solar power market has been divided into solar power towers, linear concentrating systems, and parabolic Stirling technology. Linear concentrating systems are estimated to account for the second largest share of the concentrated solar power market in 2021. Reduction in CAPEX and widespread implementation of parabolic troughs and linear Fresnel technologies are the major factors driving motivate the implementation of linear concentration systems.
The 100MW+ segment is expected to emerge as the largest capacity-based segment
The concentrated solar power market has been segmented into under 50 MW, 50 MW to 99 MW and 100 MW and above based on capacity. 100MW and above are expected to hold the largest market share. The 100MW and above segment is driven by the need to install concentrated solar power systems for utility power generation applications in regions such as Asia Pacific and the Middle East & Africa
Middle East & Africa is expected to be the second largest market during the forecast period.
Middle East & Africa is expected to be the second fastest growing market owing to the need for water desalination and development of renewable energy sectors in countries such as UAE, Saudi Arabiaand South Africa are driving the concentrated solar power market in this region.
Main topics covered:
1. Introduction
2 Research methodology
3 Executive summary
4 premium previews
4.1 Attractive Opportunities for Market Players in Concentrating Solar Power Market
4.2 Concentrated Solar Power Market, by Region
4.3 Concentrating Solar Power Market, By Technology
4.4 Concentrating Solar Power Market, by Operation Type
4.5 Concentrated Solar Power Market, by Capacity
4.6 Concentrating Solar Power Market, by End User
5 Market Overview
5.1 Presentation
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing environmental concerns over carbon emissions and efforts to reduce air pollution
5.2.1.2 Government support to enable adoption of renewable technologies
5.2.1.3 Efficient integration of Csp systems with thermal storage systems
5.2.2 Constraints
5.2.2.1 Higher cost production compared to other renewable technologies
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 plants
5.2.4.2 Solar Pv is cheaper than Csp
5.3 Value chain analysis
5.3.1 Project research and development
5.3.2 Supply of raw materials
5.3.3 Supply of components
5.3.4 Plant engineering
5.3.5 Operation
5.3.6 Distribution
5.4 Technology Analysis
5.4.1 Temperature and efficiency limits
5.4.2 Nrel Sunshot Initiative
5.4.3 Micro Csp
5.5 Analysis of case studies
5.5.1 Crescent Dunes Uses Solar Power Tower CSP for Utilities
5.5.2 Supcon Delingha 50Mw Molten Salt Tower Csp Uses Solar Power Tower Csp for Utilities
5.6 Price Analysis
5.6.1 Indicative Price Analysis Trend
5.6.1.1 Csp Installed Cost Breakdown
6 Concentrating Solar Power Market, By Technology
6.1 Presentation
6.2 Solar Power Towers
6.2.1 Potential to reach high temperatures compared to other technologies
6.3 Linear concentration systems
6.3.1 Less capital expenditure than other technologies
6.3.2 Parabolic trough
6.3.2.1 Ability to generate very high temperatures at low cost
6.3.3 Linear Fresnel reflectors
6.3.3.1 Larger area per receiver allows greater mobility to track the sun
6.4 Dish Stirling technology
6.4.1 Reducing heat loss during power generation
7 Concentrating Solar Power Market, by Operation Type
7.1 Presentation
7.2 Autonomous
7.2.1 Low capital expenditure to stimulate the market
7.3 Storage
7.3.1 The need for overnight power generation is driving the market
8 Concentrating Solar Power Market, By Capacity
8.1 Presentation
8.2 Less than 50MW
8.2.1 Necessary for small-scale renewable energy production
8.3 50Mw to 99Mw
8.3.1 Increased utility-scale power generation with thermal storage
8.4 100MW and above
8.4.1 Need to install Csp technology to meet demand for renewable energy generation
9 Concentrating Solar Power Market, By End User
9.1 Presentation
9.2 Utilities
9.2.1 Increase in energy demand and ability to store energy for future use
9.3 Enhanced Oil Recovery (Eor)
9.3.1 Need to Increase Oil Production and Extend Oilfield Life
9.4 Others
9.4.1 Growing need for off-grid power supply using renewable energy sources
10 Concentrated Solar Power Market, by Region
11 Competitive Landscape
11.1 Strategies of Key Players
11.2 Top Five Players Market Share Analysis
11.3 Top 5 Market Players Revenue Analysis
11.4 Business Rating Quadrant
11.4.1 Stars
11.4.2 Ubiquitous Players
11.4.3 Emerging Leaders
11.4.4 Participants
11.5 Concentrated Solar Power Market: Company Footprint
11.6 Competitive Scenario
12 company profiles
12.1 Key Players
12.1.1 General Electrical
12.1.2 Abengoa
12.1.3 Light energy source
12.1.4 Acwa power supply
12.1.5 Solar glass point
12.1.6 Enel green energy
12.1.7 Solar reserve
12.1.8 Aalborg Csp
12.1.9 Tsk Flagsol Engineering Gmbh
12.1.10 Aussilen
12.1.11 Archimedes solar energy
12.1.12 Acciona Energy
12.1.13 Cobra Energy
12.1.14 Frenell Gmbh
12.2 Other Players
12.2.1 Soltigua
12.2.2 Atlantica Yield
12.2.3 Chiyoda Society
12.2.4 Solastor
12.2.5 Torresol Energy
12.2.6 Heliogen
13 Appendix
For more information on this report, visit https://www.researchandmarkets.com/r/v9ts76
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