Product Code: ENE0602
The global Concentrated Solar Power (CSP) market is projected to grow at a CAGR of 19.7% by 2034.
“The Concentrated Solar Power (CSP) Market Report 2024-2034”: This report will prove invaluable to leading firms striving for new revenue pockets if they wish to better understand the industry and its underlying dynamics. It will be useful for companies that would like to expand into different industries or to expand their existing operations in a new region.
The Concentrated Solar Power (CSP) Market Is Poised for Significant Growth as the Global Shift Toward Sustainable and Renewable Energy Intensifies
The CSP technology harnesses the power of sunlight through concentrated mirrors or lenses to generate heat, subsequently converted into electricity. One of the key drivers propelling the CSP market forward is the increasing demand for clean energy solutions, driven by environmental concerns and the need to reduce carbon emissions. Governments around the world are implementing favourable policies, including feed-in tariffs and incentives, to encourage the adoption of CSP technology as part of their renewable energy portfolios.
Opportunities within the CSP market are abundant, particularly with the ongoing advancements in technology. The adoption of innovative materials, improved control systems, and enhanced storage solutions contributes to the efficiency and cost-effectiveness of CSP systems. Additionally, the rising demand for utility-scale CSP plants, industrial heating and desalination applications, and even residential and commercial heating presents diverse avenues for market expansion. The versatility of CSP technology positions it not only as a major player in large-scale electricity generation but also as a solution for various industrial and domestic energy needs.
However, the CSP market is not without its challenges. High initial capital costs and complex project financing remain significant hurdles for widespread adoption. Technological risks, intermittency issues related to sunlight availability, and competition from other renewable energy sources also pose challenges. Overcoming these barriers requires continued research and development, collaborative efforts, and supportive government policies to drive innovation and improve the overall economic viability of CSP projects.
What Questions Should You Ask before Buying a Market Research Report?
- How is the concentrated solar power (CSP) market evolving?
- What is driving and restraining the concentrated solar power (CSP) market?
- How will each concentrated solar power (CSP) submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2034?
- How will the market shares for each concentrated solar power (CSP) submarket develop from 2024 to 2034?
- What will be the main driver for the overall market from 2024 to 2034?
- Will leading concentrated solar power (CSP) markets broadly follow the macroeconomic dynamics, or will individual national markets outperform others?
- How will the market shares of the national markets change by 2034 and which geographical region will lead the market in 2034?
- Who are the leading players and what are their prospects over the forecast period?
- What are the concentrated solar power (CSP) projects for these leading companies?
- How will the industry evolve during the period between 2024 and 2034? What are the implications of concentrated solar power (CSP) projects taking place now and over the next 10 years?
- Is there a greater need for product commercialisation to further scale the concentrated solar power (CSP) market?
- Where is the concentrated solar power (CSP) market heading and how can you ensure you are at the forefront of the market?
- What are the best investment options for new product and service lines?
- What are the key prospects for moving companies into a new growth path and C-suite?
You need to discover how this will impact the concentrated solar power (CSP) market today, and over the next 10 years:
- Our 333-page report provides 112 tables and 153 charts/graphs exclusively to you
- The report highlights key lucrative areas in the industry so you can target them - NOW
- It contains in-depth analysis of global, regional and national sales and growth
- It highlights for you the key successful trends, changes and revenue projections made by your competitors.
This report tells you TODAY how the concentrated solar power (CSP) market will develop in the next 10 years, and in line with the variations in COVID-19 economic recession and bounce. This market is more critical now than at any point over the last 10 years.
Forecasts to 2034 and other analyses reveal commercial prospects
- In addition to revenue forecasting to 2034, our new study provides you with recent results, growth rates, and market shares
- You will find original analyses, with business outlooks and developments
- Discover qualitative analyses (including market dynamics, drivers, opportunities, restraints and challenges), cost structure, impact of rising concentrated solar power (CSP) prices and recent developments.
This report includes data analysis and invaluable insight into how COVID-19 will affect the industry and your company. Four COVID-19 recovery patterns and their impact, namely, ""V" ", "L", "W" and "U" are discussed in this report.
Segments Covered in the Report:
Market Segment by Storage Type
- Thermal Energy Storage
- Molten Salt Storage
- Steam Accumulators
Market Segment by Application
- Utility-scale CSP Plants
- Industrial Heating and Desalination
- Residential and Commercial Heating
- Other Applications
Market Segment by Component
- Solar Collectors
- Solar Thermal Storage
- Power Block
- Heat Transfer Fluid
- Other Components
Market Segment by Technology
- Parabolic Trough
- Solar Tower
- Fresnel Reflectors
- Dish Stirling
- Heliostat
- Other Technologies
In addition to the revenue predictions for the overall world market and segments, you will also find revenue forecasts for four regional and 20 leading national markets:
North America
Europe
- Germany
- Spain
- Greece
- France
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
The report also includes profiles and for some of the leading companies in the Concentrated Solar Power (CSP) Market, 2024 to 2034, with a focus on this segment of these companies' operations.
Leading companies profiled in the report:
- Aalborg CSP
- ACWA Power
- BrightSource Energy, Inc
- Cobra Instalaciones y Servicios
- Enel Green Power S.p.A
- Flabeg Fe GmbH
- FRENELL GmbH
- GlassPoint Solar
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- Innova Global Limited
- Sener
- Shams Power Company
- Siemens Gamesa Renewable Energy S.A
- Solar Inc
- Supcon Solar
- TSK Flagsol Engineering GmbH
|
Overall world revenue for Concentrated Solar Power (CSP) Market, 2024 to 2034 in terms of value the market will surpass US$7.2 billion in 2024, our work calculates. We predict strong revenue growth through to 2034. Our work identifies which organizations hold the greatest potential. Discover their capabilities, progress, and commercial prospects, helping you stay ahead.
How will the “Concentrated Solar Power (CSP) Market, 2024 to 2034” report help you?
In summary, our 330+ page report provides you with the following knowledge:
- Revenue forecasts to 2034 for Concentrated Solar Power (CSP) Market, 2024 to 2034 Market, with forecasts for storage type, application, component, and technology, each forecast at a global and regional level - discover the industry's prospects, finding the most lucrative places for investments and revenues.
- Revenue forecasts to 2034 for four regional and 20 key national markets - See forecasts for the Concentrated Solar Power (CSP) Market, 2024 to 2034 market in North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. Also forecasted is the market in the US, Canada, Brazil, Germany, France, Greece, Italy, China, India, Japan, and Australia among other prominent economies.
- Prospects for established firms and those seeking to enter the market - including company profiles for 15 of the major companies involved in the Concentrated Solar Power (CSP) Market, 2024 to 2034.
Find quantitative and qualitative analyses with independent predictions. Receive information that only our report contains, staying informed with invaluable business intelligence.
Information found nowhere else
With our new report, you are less likely to fall behind in knowledge or miss out on opportunities. See how our work could benefit your research, analyses, and decisions. Visiongain's study is for everybody needing commercial analyses for the Concentrated Solar Power (CSP) Market, 2024 to 2034, market-leading companies. You will find data, trends and predictions.
Table of Contents
1 Report Overview
- 1.1 Objectives of the Study
- 1.2 Introduction to Concentrated Solar Power (CSP) Market
- 1.3 What This Report Delivers
- 1.4 Why You Should Read This Report
- 1.5 Key Questions Answered by This Analytical Report
- 1.6 Who Is This Report for?
- 1.7 Methodology
- 1.7.1 Market Definitions
- 1.7.2 Market Evaluation & Forecasting Methodology
- 1.7.3 Data Validation
- 1.7.3.1 Primary Research
- 1.7.3.2 Secondary Research
- 1.8 Frequently Asked Questions (FAQs)
- 1.9 Associated Visiongain Reports
- 1.10 About Visiongain
2 Executive Summary
3 Market Overview
- 3.1 Key Findings
- 3.2 Market Dynamics
- 3.2.1 Market Driving Factors
- 3.2.1.1 Growing Environmental Concern Over Carbon Emission and Efforts to Reduce Air Pollution
- 3.2.1.2 Increasing Popularity and Rising Demand for Solar Energy Driving the Market Growth
- 3.2.1.3 Support from Government Compared with Other Renewable Technologies
- 3.2.2 Market Restraining Factors
- 3.2.2.1 Higher Cost of Generation Compared with Others Renewable Technologies.
- 3.2.2.2 Technical Complexities of CSP Plants Hinder the Market Growth
- 3.2.2.3 Solar PV is Cheaper Than CSP Hinder the Market Growth
- 3.2.3 Market Opportunities
- 3.2.3.1 Integration of CSP in Hybrid Power Plants Opportunities for the Market
- 3.2.3.2 Use of CSP in Desalination and Enhanced Oil Recovery Processes
- 3.2.3.3 Adoption of Technologies to Boost Renewable Energy Production
- 3.3 Porter's Five Forces Analysis
- 3.3.1 Bargaining Power of Suppliers (Medium)
- 3.3.2 Bargaining Power of Buyers (Medium)
- 3.3.3 Competitive Rivalry (Medium to High)
- 3.3.4 Threat from Substitutes (Medium)
- 3.3.5 Threat of New Entrants (High)
- 3.4 COVID-19 Impact Analysis
- 3.4.1 "V-Shaped Recovery"
- 3.4.2 "U-Shaped Recovery"
- 3.4.3 "W-Shaped Recovery"
- 3.4.4 "L-Shaped Recovery"
- 3.5 PEST Analysis
4 Concentrated Solar Power (CSP) Market Analysis by Storage Type
- 4.1 Key Findings
- 4.2 Storage Type Segment: Market Attractiveness Index
- 4.3 Concentrated Solar Power (CSP) Market Size Estimation and Forecast by Storage Type
- 4.4 Thermal Energy Storage
- 4.4.1 Market Size by Region, 2024-2034 (US$ Billion)
- 4.4.2 Market Share by Region, 2024 & 2034 (%)
- 4.5 Molten Salt Storage
- 4.5.1 Market Size by Region, 2024-2034 (US$ Billion)
- 4.5.2 Market Share by Region, 2024 & 2034 (%)
- 4.6 Steam Accumulators
- 4.6.1 Market Size by Region, 2024-2034 (US$ Billion)
- 4.6.2 Market Share by Region, 2024 & 2034 (%)
5 Concentrated Solar Power (CSP) Market Analysis by Application
- 5.1 Key Findings
- 5.2 Application Segment: Market Attractiveness Index
- 5.3 Concentrated Solar Power (CSP) Market Size Estimation and Forecast by Application
- 5.4 Utility-scale CSP Plants
- 5.4.1 Market Size by Region, 2024-2034 (US$ Billion)
- 5.4.2 Market Share by Region, 2024 & 2034 (%)
- 5.5 Industrial Heating and Desalination
- 5.5.1 Market Size by Region, 2024-2034 (US$ Billion)
- 5.5.2 Market Share by Region, 2024 & 2034 (%)
- 5.6 Residential and Commercial Heating
- 5.6.1 Market Size by Region, 2024-2034 (US$ Billion)
- 5.6.2 Market Share by Region, 2024 & 2034 (%)
- 5.7 Other Applications
- 5.7.1 Market Size by Region, 2024-2034 (US$ Billion)
- 5.7.2 Market Share by Region, 2024 & 2034 (%)
6 Concentrated Solar Power (CSP) Market Analysis by Components
- 6.1 Key Findings
- 6.2 Components Segment: Market Attractiveness Index
- 6.3 Concentrated Solar Power (CSP) Market Size Estimation and Forecast by Components
- 6.4 Solar Collectors
- 6.4.1 Market Size by Region, 2024-2034 (US$ Billion)
- 6.4.2 Market Share by Region, 2024 & 2034 (%)
- 6.5 Solar Thermal Storage
- 6.5.1 Market Size by Region, 2024-2034 (US$ Billion)
- 6.5.2 Market Share by Region, 2024 & 2034 (%)
- 6.6 Power Block
- 6.6.1 Market Size by Region, 2024-2034 (US$ Billion)
- 6.6.2 Market Share by Region, 2024 & 2034 (%)
- 6.7 Heat Transfer Fluid
- 6.7.1 Market Size by Region, 2024-2034 (US$ Billion)
- 6.7.2 Market Share by Region, 2024 & 2034 (%)
- 6.8 Other Components
- 6.8.1 Market Size by Region, 2024-2034 (US$ Billion)
- 6.8.2 Market Share by Region, 2024 & 2034 (%)
7 Concentrated Solar Power (CSP) Market Analysis by Technology Type
- 7.1 Key Findings
- 7.2 Technology Type Segment: Market Attractiveness Index
- 7.3 Concentrated Solar Power (CSP) Market Size Estimation and Forecast by Technology Type
- 7.4 Parabolic Trough
- 7.4.1 Market Size by Region, 2024-2034 (US$ Billion)
- 7.4.2 Market Share by Region, 2024 & 2034 (%)
- 7.5 Solar Tower
- 7.5.1 Market Size by Region, 2024-2034 (US$ Billion)
- 7.5.2 Market Share by Region, 2024 & 2034 (%)
- 7.6 Fresnel Reflectors
- 7.6.1 Market Size by Region, 2024-2034 (US$ Billion)
- 7.6.2 Market Share by Region, 2024 & 2034 (%)
- 7.7 Dish Stirling
- 7.7.1 Market Size by Region, 2024-2034 (US$ Billion)
- 7.7.2 Market Share by Region, 2024 & 2034 (%)
- 7.8 Heliostat
- 7.8.1 Market Size by Region, 2024-2034 (US$ Billion)
- 7.8.2 Market Share by Region, 2024 & 2034 (%)
- 7.9 Other Technology
- 7.9.1 Market Size by Region, 2024-2034 (US$ Billion)
- 7.9.2 Market Share by Region, 2024 & 2034 (%)
8 Concentrated Solar Power (CSP) Market Analysis by Region
- 8.1 Key Findings
- 8.2 Regional Market Size Estimation and Forecast
9 North America Concentrated Solar Power (CSP) Market Analysis
- 9.1 Key Findings
- 9.2 North America Concentrated Solar Power (CSP) Market Attractiveness Index
- 9.3 North America Concentrated Solar Power (CSP) Market by Country, 2024, 2029 & 2034 (US$ Billion)
- 9.4 North America Concentrated Solar Power (CSP) Market Size Estimation and Forecast
- 9.5 North America Concentrated Solar Power (CSP) Market Size Estimation and Forecast by Country
- 9.6 North America Concentrated Solar Power (CSP) Market Size Estimation and Forecast by Storage Type
- 9.7 North America Concentrated Solar Power (CSP) Market Size Estimation and Forecast by Application
- 9.8 North America Concentrated Solar Power (CSP) Market Size Estimation and Forecast by Components
- 9.9 North America Concentrated Solar Power (CSP) Market Size Estimation and Forecast by Technology Type
- 9.10 U.S. Concentrated Solar Power (CSP) Market Analysis
- 9.11 Canada Concentrated Solar Power (CSP) Market Analysis
10 Europe Concentrated Solar Power (CSP) Market Analysis
- 10.1 Key Findings
- 10.2 Europe Concentrated Solar Power (CSP) Market Attractiveness Index
- 10.3 Europe Concentrated Solar Power (CSP) Market by Country, 2024, 2029 & 2034 (US$ Billion)
- 10.4 Europe Concentrated Solar Power (CSP) Market Size Estimation and Forecast
- 10.5 Europe Concentrated Solar Power (CSP) Market Size Estimation and Forecast by Country
- 10.6 Europe Concentrated Solar Power (CSP) Market Size Estimation and Forecast by Storage Type
- 10.7 Europe Concentrated Solar Power (CSP) Market Size Estimation and Forecast by Application
- 10.8 Europe Concentrated Solar Power (CSP) Market Size Estimation and Forecast by Components
- 10.9 Europe Concentrated Solar Power (CSP) Market Size Estimation and Forecast by Technology Type
- 10.10 Germany Concentrated Solar Power (CSP) Market Analysis
- 10.11 Greece Concentrated Solar Power (CSP) Market Analysis
- 10.12 France Concentrated Solar Power (CSP) Market Analysis
- 10.13 Italy Concentrated Solar Power (CSP) Market Analysis
- 10.14 Spain Concentrated Solar Power (CSP) Market Analysis
- 10.15 Rest of Europe Concentrated Solar Power (CSP) Market Analysis
11 Asia-Pacific Concentrated Solar Power (CSP) Market Analysis
- 11.1 Key Findings
- 11.2 Asia-Pacific Concentrated Solar Power (CSP) Market Attractiveness Index
- 11.3 Asia-Pacific Concentrated Solar Power (CSP) Market by Country, 2024, 2029 & 2034 (US$ Billion)
- 11.4 Asia-Pacific Concentrated Solar Power (CSP) Market Size Estimation and Forecast
- 11.5 Asia-Pacific Concentrated Solar Power (CSP) Market Size Estimation and Forecast by Country
- 11.6 Asia-Pacific Concentrated Solar Power (CSP) Market Size Estimation and Forecast by Storage Type
- 11.7 Asia-Pacific Concentrated Solar Power (CSP) Market Size Estimation and Forecast by Application
- 11.8 Asia-Pacific Concentrated Solar Power (CSP) Market Size Estimation and Forecast by Components
- 11.9 Asia-Pacific Concentrated Solar Power (CSP) Market Size Estimation and Forecast by Technology Type
- 11.10 China Concentrated Solar Power (CSP) Market Analysis
- 11.11 India Concentrated Solar Power (CSP) Market Analysis
- 11.12 Japan Concentrated Solar Power (CSP) Market Analysis
- 11.13 South Korea Concentrated Solar Power (CSP) Market Analysis
- 11.14 Australia Concentrated Solar Power (CSP) Market Analysis
- 11.15 Rest of Asia-Pacific Concentrated Solar Power (CSP) Market Analysis
12 Middle East and Africa Concentrated Solar Power (CSP) Market Analysis
- 12.1 Key Findings
- 12.2 Middle East and Africa Concentrated Solar Power (CSP) Market Attractiveness Index
- 12.3 Middle East and Africa Concentrated Solar Power (CSP) Market by Country, 2024, 2029 & 2034 (US$ Billion)
- 12.4 Middle East and Africa Concentrated Solar Power (CSP) Market Size Estimation and Forecast
- 12.5 Middle East and Africa Concentrated Solar Power (CSP) Market Size Estimation and Forecast by Country
- 12.6 Middle East and Africa Concentrated Solar Power (CSP) Market Size Estimation and Forecast by Storage Type
- 12.7 Middle East and Africa Concentrated Solar Power (CSP) Market Size Estimation and Forecast by Application
- 12.8 Middle East and Africa Concentrated Solar Power (CSP) Market Size Estimation and Forecast by Components
- 12.9 Middle East and Africa Concentrated Solar Power (CSP) Market Size Estimation and Forecast by Technology Type
- 12.10 GCC Concentrated Solar Power (CSP) Market Analysis
- 12.11 South Africa Concentrated Solar Power (CSP) Market Analysis
- 12.12 Rest of Middle East & Africa Concentrated Solar Power (CSP) Market Analysis
13 Latin America Concentrated Solar Power (CSP) Market Analysis
- 13.1 Key Findings
- 13.2 Latin America Concentrated Solar Power (CSP) Market Attractiveness Index
- 13.3 Latin America Concentrated Solar Power (CSP) Market by Country, 2024, 2029 & 2034 (US$ Billion)
- 13.4 Latin America Concentrated Solar Power (CSP) Market Size Estimation and Forecast
- 13.5 Latin America Concentrated Solar Power (CSP) Market Size Estimation and Forecast by Country
- 13.6 Latin America Concentrated Solar Power (CSP) Market Size Estimation and Forecast by Storage Type
- 13.7 Latin America Concentrated Solar Power (CSP) Market Size Estimation and Forecast by Application
- 13.8 Latin America Concentrated Solar Power (CSP) Market Size Estimation and Forecast by Components
- 13.9 Latin America Concentrated Solar Power (CSP) Market Size Estimation and Forecast by Technology Type
- 13.10 Brazil Concentrated Solar Power (CSP) Market Analysis
- 13.11 Mexico Concentrated Solar Power (CSP) Market Analysis
- 13.12 Rest of Latin America Concentrated Solar Power (CSP) Market Analysis
14 Company Profiles
- 14.1 Strategic Outlook
- 14.2 BrightSource Energy, Inc.
- 14.2.1 Company Snapshot
- 14.2.2 Company Overview
- 14.2.3 Product Benchmarking
- 14.3 ACWA Power
- 14.3.1 Company Snapshot
- 14.3.2 Company Overview
- 14.3.3 Product Benchmarking
- 14.3.4 Strategic Outlook
- 14.4 Sener
- 14.4.1 Company Snapshot
- 14.4.2 Company Overview
- 14.4.3 Product Benchmarking
- 14.5 TSK Flagsol Engineering GmbH
- 14.5.1 Company Snapshot
- 14.5.2 Company Overview
- 14.5.3 Product Benchmarking
- 14.6 Solar Inc.
- 14.6.1 Company Snapshot
- 14.6.2 Company Overview
- 14.6.3 Product Benchmarking
- 14.7 Siemens Gamesa Renewable Energy S.A.
- 14.7.1 Company Snapshot
- 14.7.2 Company Overview
- 14.7.3 Product Benchmarking
- 14.8 FRENELL GmbH
- 14.8.1 Company Snapshot
- 14.8.2 Company Overview
- 14.8.3 Product Benchmarking
- 14.9 Aalborg CSP
- 14.9.1 Company Snapshot
- 14.9.2 Company Overview
- 14.9.3 Product Benchmarking
- 14.9.4 Strategic Outlook
- 14.10 Enel Green Power S.p.A.
- 14.10.1 Company Snapshot
- 14.10.2 Company Overview
- 14.10.3 Financial Analysis
- 14.10.3.1 Net Revenue, 2018-2022
- 14.10.3.2 Regional Revenue Share, 2022 (%)
- 14.10.3.3 Business Segment Revenue Share, 2022 (%)
- 14.10.4 Product Benchmarking
- 14.11 Supcon Solar
- 14.11.1 Company Snapshot
- 14.11.2 Company Overview
- 14.11.3 Product Benchmarking
- 14.12 Shams Power Company
- 14.12.1 Company Snapshot
- 14.12.2 Company Overview
- 14.12.3 Product Benchmarking
- 14.13 Cobra Instalaciones y Servicios
- 14.13.1 Company Snapshot
- 14.13.2 Company Overview
- 14.13.3 Product Benchmarking
- 14.14 Flabeg Fe GmbH
- 14.14.1 Company Snapshot
- 14.14.2 Company Overview
- 14.14.3 Product Benchmarking
- 14.15 GlassPoint Solar
- 14.15.1 Company Snapshot
- 14.15.2 Company Overview
- 14.15.3 Product Benchmarking
- 14.15.4 Strategic Outlook
- 14.16 Innova Global Limited
- 14.16.1 Company Snapshot
- 14.16.2 Company Overview
- 14.16.3 Product Benchmarking
15 Conclusion and Recommendations
- 15.1 Concluding Remarks from Visiongain
- 15.2 Recommendations for Market Players