Global Concentrating Solar Power Market Size, Forecasts, And Opportunities – Includes Concentrating Solar Power Market Trends
Learn about the global concentrating solar power market through The Business Research Company, which provides information on concentrating solar power market size, concentrating solar power market drivers and restraints, concentrating solar power market players, the COVID-19 impact on the concentrating solar power market, and more.
The global concentrating solar power market size is expected to grow from $4.74 billion in 2021 to $5.38 billion in 2022 at a compound annual growth rate (CAGR) of 13.6%. The concentrating solar power market is expected to grow to $8.93 billion in 2026 at a CAGR of 13.5%.
Growing demand for renewable energy is driving the growth of the concentrating solar power market.
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The concentrating solar power market consists of sales of the concentrating solar power (CSP) technologies by entities (organizations, sole traders, partnerships) that employ mirrors to focus the sun’s energy, which is then used to power traditional steam turbines or engines to generate electricity. Thermal energy concentrated in a CSP plant collects solar radiation using reflecting or transmissive optical elements that focus the radiation to a focal point where it is directly transformed into thermal or electrical energy and is used to deliver heat for industries like water desalination, enhanced oil recovery, food processing, among others.
Global Concentrating Solar Power Market Segments Include:
By Technology: Parabolic Trough, Solar Power Tower, Fresnel Reflectors, Dish Stirling
By Capacity: = 50 MW, >50 MW to = 100 MW, >100 MW
By Heat Transfer Fluid: Molten Salt, Water-Based, Oil-Based, Others
By Storage: With Storage, Without Storage
By Application: Utility, EOR, Desalination, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the concentrating solar power market in 2021.
Technological advancement is a key trend in the concentrated solar power market. Companies are investing in developing new technologies to increase the energy generation capacity.
Major Market Players: Abengoa S.A., BrightSource Energy Inc., ACWA Power, Aalborg CSP A/S, SolarReserve, Atlantica Sustainable Infrastructure plc, GE Renewable Energy, TSK Flagsol Engineering GmbH, Enel Green Power Corporation, Acciona S.A., Frenell GmbH, Suntrace GmbH, Torresol Energy, Trivelli Energia SRL, Grün Leben GmbH, and Soltigua S.r.l.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Concentrating Solar Power Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides concentrating solar power market overviews, analyzes and forecasts market size, share, concentrating solar power market players, concentrating solar power market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s concentrating solar power market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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