Summary

Estimating the concentrated solar power market's present size was one of the study's main tasks. To gather data on the parent and peer markets, a thorough investigation was conducted through secondary research. The following stage involved conducting primary research to confirm these conclusions, hypotheses, and sizing with industry experts throughout the value chain. Both top-down and bottom-up approaches were employed to estimate the complete market size. The market size of the segments and subsegments was then estimated using data triangulation and market breakdown.

The concentrating solar power market is made up of a number of players, including supply chain technology providers, manufacturers of concentrating solar power, and suppliers of manufacturing technology. The growing need for concentrated solar power in utilities, increased oil recovery, and other end users characterizes the demand side of this industry. Growing demand from the industrial sector for contracts and large-scale player mergers and acquisitions characterize the supply side. To gather both qualitative and quantitative data, a range of primary sources from the supply and demand sides of the market were questioned.

In order to find and gather data for a technical, market-focused, and commercial study of the concentrating solar power market, this research study on the market involved the use of a wide range of secondary sources, directories, and databases, including Hoovers, Bloomberg, Businessweek, Factiva, International Energy Agency, and BP Statistical Review of World Energy. The other secondary sources included manufacturer organizations, trade directories, databases, white papers, certified publications, investor presentations and annual reports, as well as pieces written by renowned writers and manufacturer associations.


Research Methodology:
After secondary research provided a fundamental understanding of the worldwide concentrating solar power market scenario, extensive primary research was carried out. A number of primary interviews were carried out with industry experts from the supply and demand sides, including C- and D-level executives, product managers, and marketing and sales managers of major manufacturers, distributors, and channel partners from tier 1 and tier 2 companies offering Concentrating Solar Power Market, as well as personnel from academia, research, and CROs. These interviews were conducted across five major regions: North America, Europe, Asia Pacific, and the Rest of the World (Latin America & the Middle East & Africa). Participants from the supply-side and demand-side participated in about 70% and 30% of the primary interviews, respectively. Through the use of questionnaires, emails, online surveys, in-person interviews, and phone interviews, this main data was gathered. The primary participants share is given below:

The segmentation coverage of the study is provided below.
CONCENTRATING SOLAR POWER MARKET based on Technology
• Parabolic Trough
• Power Tower
• Linear Fresnel
CONCENTRATING SOLAR POWER MARKET based on Application
• Residential
• Non-residential
• Utility
CONCENTRATING SOLAR POWER MARKET based on Geography
• North America
o US
o Canada
• Europe
o Germany
o UK
o France
o Italy
o Spain
o Rest of Europe (RoE)
• Asia Pacific (APAC)
o China
o Japan
o India
o Australia
o South Korea
o Rest of Asia Pacific (RoAPAC)
• Latin America (LATAM)
o Brazil
o Argentina
o Rest of South America
• Middle East and Africa (MEA)
o UAE
o Turkey
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa


The technology of concentrating solar electricity requires a lot of capital. Thermal energy storage, power blocks, receiver fields, heliostat fields, and towers are the parts that make up a solar tower. Power blocks, heat transfer fluid systems, solar fields, and thermal energy storage devices are the main parts of parabolic troughs. Approximately four-fifths of the overall cost of concentrating solar power plants is made up of initial investment expenditures, which dominate the Levelized Cost of Energy (LCOE) of these plants. The solar field in parabolic trough technology is the most costly part, costing between 35 and 49 percent of the project's total installed cost, according to the IRENA. In the projects we looked at, the heat transfer fluid makes up 8–11% of the total expenses. This leads to the greatest limitation in terms of focus.

The market for concentrated solar power has been divided into three segments according on technology: dish Stirling technology, linear concentrating systems, and solar power towers. Throughout the projection period, the solar power towers sector is anticipated to grow to be the largest. Because the steam cycle has a better efficiency and can achieve high temperatures for power generating operations, these factors are driving the market for solar power towers.

The market for concentrated solar power has been divided into two segments based on the type of operation: storage and stand-alone. Throughout the projection period, the storage segment is anticipated to grow to be the largest. The requirement to produce power continuously during the night and the capacity to run the plant for extended periods of time are what propel the market for the storage sector.

Utility, enhanced oil recovery (EOR), and other end-user segments make up the market for concentrated solar power. Throughout the projection period, the utilities category is anticipated to be the largest. The ability to store energy for later use and the rising need for energy are what propel the utilities sector.

Between 2022 and 2030, Asia Pacific is anticipated to lead the concentrating solar power market, followed by the Middle East and Africa. The increasing need for constant energy generation and the expanding government support for the adoption of renewable technologies in important nations like China, India, Morocco, the United Arab Emirates, and Saudi Arabia are likely to fuel the expansion of the CSP market in Asia Pacific and the Middle East and Africa.

The market for concentrated solar power is controlled by a small number of powerful companies with extensive geographical reach. Abengoa (Spain), BrightSource Energy (US), ACWA Power (Saudi Arabia), SolarReserve (US), and Aalborg CSP (Denmark) are the leading companies in the CSP market. In order to increase their market share, the corporations used expansion tactics such deals between 2018 and 2022.


• This report illustrates the most vital attributes of the Concentrating Solar Power Market, which are driving and providing opportunities.
• This research gives an in-depth analysis of the Concentrating Solar Power Market growth on the basis of several segments in the market.
• This report presents the predictions of the past and present trends of the Concentrating Solar Power Market.
• This study also presents the competitive analysis, such as key strategies and capabilities of major players of the Concentrating Solar Power Market.

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Table of Contents

Table of Contents
1. Executive Summary
2. Industry Outlook
2.1. Industry Overview
2.2. Industry Trends
3. Market Snapshot
3.1. Market Definition
3.2. Market Outlook
3.2.1. Porter Five Forces
3.3. Related Markets
4. Market characteristics
4.1. Market Overview
4.2. Market Segmentation
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.4. DRO - Impact Analysis
5. Technology: Market Size & Analysis
5.1. Overview
5.2. Parabolic Trough
5.3. Power Tower
5.4. Linear Fresnel
6. Application: Market Size & Analysis
6.1. Overview
6.2. Residential
6.3. Non-residential
6.4. Utility
7. Geography: Market Size & Analysis
7.1. Overview
7.2. North America (U.S., Mexico, Canada)
7.3. Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia, Rest of Europe)
7.4. Asia Pacific (Japan, China, India, Australia, South East Asia, Rest of APAC)
7.5. Latin America (Brazil, Argentina)
7.6. Middle East & Africa (Saudi Arabia, UAE, South Africa, Rest of Middle East and Africa)
8. Competitive Landscape
8.1. Competitor Comparison Analysis
8.2. Market Developments
8.2.1. Mergers and Acquisitions, Legal, Awards, Partnerships
8.2.2. Product Launches and execution
9. Vendor Profiles
9.1. BRIGHTSOURCE ENERGY
9.1.1. Overview
9.1.2. Financial Overview
9.1.3. Product Offerings
9.1.4. Developments
9.1.5. Business Strategy
9.2. ABENGOA SOLAR
9.2.1. Overview
9.2.2. Financial Overview
9.2.3. Product Offerings
9.2.4. Developments
9.2.5. Business Strategy
9.3. SIEMENS
9.3.1. Overview
9.3.2. Financial Overview
9.3.3. Product Offerings
9.3.4. Developments
9.3.5. Business Strategy
9.4. ACCIONA
9.4.1. Overview
9.4.2. Financial Overview
9.4.3. Product Offerings
9.4.4. Developments
9.4.5. Business Strategy
9.5. SOLAR RESERVE
9.5.1. Overview
9.5.2. Financial Overview
9.5.3. Product Offerings
9.5.4. Developments
9.5.5. Business Strategy
9.6. ACWA POWER
9.6.1. Overview
9.6.2. Financial Overview
9.6.3. Product Offerings
9.6.4. Developments
9.6.5. Business Strategy
9.7. TORRESOL ENERGY
9.7.1. Overview
9.7.2. Financial Overview
9.7.3. Product Offerings
9.7.4. Developments
9.7.5. Business Strategy
9.8. TRIVELLI ENERGIA
9.8.1. Overview
9.8.2. Financial Overview
9.8.3. Product Offerings
9.8.4. Developments
9.8.5. Business Strategy
9.9. SENER
9.9.1. Overview
9.9.2. Financial Overview
9.9.3. Product Offerings
9.9.4. Developments
9.9.5. Business Strategy
9.10. RIOGLASS
9.10.1. Overview
9.10.2. Financial Overview
9.10.3. Product Offerings
9.10.4. Developments
9.10.5. Business Strategy

10. Analyst Opinion
11. Annexure
11.1. Report Scope
11.2. Market Definitions
11.3. Research Methodology
11.3.1. Data Collation and In-house Estimation
11.3.2. Market Triangulation
11.3.3. Forecasting
11.4. Report Assumptions
11.5. Declarations
11.6. Stakeholders
11.7. Abbreviations

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List of Tables/Graphs

Tables
TABLE 1. CONCENTRATING SOLAR POWER MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 2. CONCENTRATING SOLAR POWER MARKET VALUE FOR PARABOLIC TROUGH, BY GEOGRAPHY, 2021-2030 (USD BILLION)
TABLE 3. CONCENTRATING SOLAR POWER MARKET VALUE FOR POWER TOWER, BY GEOGRAPHY, 2021-2030 (USD BILLION)
TABLE 4. CONCENTRATING SOLAR POWER MARKET VALUE FOR LINEAR FRESNEL, BY GEOGRAPHY, 2021-2030 (USD BILLION)
TABLE 5. CONCENTRATING SOLAR POWER MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 6. CONCENTRATING SOLAR POWER MARKET VALUE FOR RESIDENTIAL, BY GEOGRAPHY, 2021-2030 (USD BILLION)
TABLE 7. CONCENTRATING SOLAR POWER MARKET VALUE FOR NON-RESIDENTIAL, BY GEOGRAPHY, 2021-2030 (USD BILLION)
TABLE 8. CONCENTRATING SOLAR POWER MARKET VALUE FOR UTILITY, BY GEOGRAPHY, 2021-2030 (USD BILLION)
TABLE 9. NORTH AMERICA CONCENTRATING SOLAR POWER MARKET VALUE, BY COUNTRY, 2021-2030 (USD BILLION)
TABLE 10. NORTH AMERICA CONCENTRATING SOLAR POWER MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 11. NORTH AMERICA CONCENTRATING SOLAR POWER MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 12. U.S CONCENTRATING SOLAR POWER MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 13. U.S CONCENTRATING SOLAR POWER MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 14. CANADA CONCENTRATING SOLAR POWER MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 15. CANADA CONCENTRATING SOLAR POWER MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 16. MEXICO CONCENTRATING SOLAR POWER MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 17. MEXICO CONCENTRATING SOLAR POWER MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 18. EUROPE CONCENTRATING SOLAR POWER MARKET VALUE, BY COUNTRY, 2021-2030 (USD BILLION)
TABLE 19. EUROPE CONCENTRATING SOLAR POWER MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 20. EUROPE CONCENTRATING SOLAR POWER MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 21. GERMANY CONCENTRATING SOLAR POWER MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 22. GERMANY CONCENTRATING SOLAR POWER MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 23. U.K CONCENTRATING SOLAR POWER MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 24. U.K CONCENTRATING SOLAR POWER MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 25. FRANCE CONCENTRATING SOLAR POWER MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 26. FRANCE CONCENTRATING SOLAR POWER MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 27. ITALY CONCENTRATING SOLAR POWER MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 28. ITALY CONCENTRATING SOLAR POWER MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 29. SPAIN CONCENTRATING SOLAR POWER MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 30. SPAIN CONCENTRATING SOLAR POWER MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 31. ROE CONCENTRATING SOLAR POWER MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 32. ROE CONCENTRATING SOLAR POWER MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 33. ASIA PACIFIC CONCENTRATING SOLAR POWER MARKET VALUE, BY COUNTRY, 2021-2030 (USD BILLION)
TABLE 34. ASIA PACIFIC CONCENTRATING SOLAR POWER MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 35. ASIA PACIFIC CONCENTRATING SOLAR POWER MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 36. CHINA CONCENTRATING SOLAR POWER MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 37. CHINA CONCENTRATING SOLAR POWER MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 38. INDIA CONCENTRATING SOLAR POWER MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 39. INDIA CONCENTRATING SOLAR POWER MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 40. JAPAN CONCENTRATING SOLAR POWER MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 41. JAPAN CONCENTRATING SOLAR POWER MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 42. REST OF APAC CONCENTRATING SOLAR POWER MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 43. REST OF APAC CONCENTRATING SOLAR POWER MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 44. LATIN AMERICA CONCENTRATING SOLAR POWER MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 45. LATIN AMERICA CONCENTRATING SOLAR POWER MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 46. BRAZIL CONCENTRATING SOLAR POWER MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 47. BRAZIL CONCENTRATING SOLAR POWER MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 48. ARGENTINA CONCENTRATING SOLAR POWER MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 49. ARGENTINA CONCENTRATING SOLAR POWER MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 50. MIDDLE EAST AND AFRICA CONCENTRATING SOLAR POWER MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 51. MIDDLE EAST AND AFRICA CONCENTRATING SOLAR POWER MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 52. SAUDI ARABIA CONCENTRATING SOLAR POWER MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 53. SAUDI ARABIA CONCENTRATING SOLAR POWER MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 54. UAE CONCENTRATING SOLAR POWER MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 55. UAE CONCENTRATING SOLAR POWER MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 56. REST OF MIDDLE EAST AND AFRICA CONCENTRATING SOLAR POWER MARKET VALUE, BY TECHNOLOGY, 2021-2030 (USD BILLION)
TABLE 57. REST OF MIDDLE EAST AND AFRICA CONCENTRATING SOLAR POWER MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 58. BRIGHTSOURCE ENERGY : FINANCIALS
TABLE 59. BRIGHTSOURCE ENERGY : PRODUCTS & SERVICES
TABLE 60. BRIGHTSOURCE ENERGY : RECENT DEVELOPMENTS
TABLE 61. ABENGOA SOLAR: FINANCIALS
TABLE 62. ABENGOA SOLAR: PRODUCTS & SERVICES
TABLE 63. ABENGOA SOLAR: RECENT DEVELOPMENTS
TABLE 64. SIEMENS: FINANCIALS
TABLE 65. SIEMENS: PRODUCTS & SERVICES
TABLE 66. SIEMENS: RECENT DEVELOPMENTS
TABLE 67. ACCIONA : FINANCIALS
TABLE 68. ACCIONA : PRODUCTS & SERVICES
TABLE 69. ACCIONA : RECENT DEVELOPMENTS
TABLE 70. SOLAR RESERVE: FINANCIALS
TABLE 71. SOLAR RESERVE: PRODUCTS & SERVICES
TABLE 72. SOLAR RESERVE: RECENT DEVELOPMENTS
TABLE 73. ACWA POWER: FINANCIALS
TABLE 74. ACWA POWER: PRODUCTS & SERVICES
TABLE 75. ACWA POWER: RECENT DEVELOPMENTS
TABLE 76. TORRESOL ENERGY: FINANCIALS
TABLE 77. TORRESOL ENERGY: PRODUCTS & SERVICES
TABLE 78. TORRESOL ENERGY: DEVELOPMENTS
TABLE 79. TRIVELLI ENERGIA: FINANCIALS
TABLE 80. TRIVELLI ENERGIA: PRODUCTS & SERVICES
TABLE 81. TRIVELLI ENERGIA: RECENT DEVELOPMENTS
TABLE 82. SENER: FINANCIALS
TABLE 83. SENER: PRODUCTS & SERVICES
TABLE 84. SENER: RECENT DEVELOPMENTS
TABLE 85. RIOGLASS: FINANCIALS
TABLE 86. RIOGLASS: PRODUCTS & SERVICES
TABLE 87. RIOGLASS: RECENT DEVELOPMENTS