Singapore markets closed
  • Straits Times Index

    3,061.35
    -15.09 (-0.49%)
     
  • Nikkei

    30,248.81
    +609.41 (+2.06%)
     
  • Hang Seng

    24,192.16
    -318.82 (-1.30%)
     
  • FTSE 100

    7,051.48
    -26.87 (-0.38%)
     
  • BTC-USD

    41,606.80
    -1,069.29 (-2.51%)
     
  • CMC Crypto 200

    1,067.20
    -35.86 (-3.25%)
     
  • S&P 500

    4,455.48
    +6.50 (+0.15%)
     
  • Dow

    34,798.00
    +33.18 (+0.10%)
     
  • Nasdaq

    15,047.70
    -4.54 (-0.03%)
     
  • Gold

    1,750.60
    +0.80 (+0.05%)
     
  • Crude Oil

    73.95
    +0.65 (+0.89%)
     
  • 10-Yr Bond

    1.4600
    +0.0500 (+3.55%)
     
  • FTSE Bursa Malaysia

    1,532.06
    -7.28 (-0.47%)
     
  • Jakarta Composite Index

    6,144.81
    +2.10 (+0.03%)
     
  • PSE Index

    6,951.53
    +36.25 (+0.52%)
     

Concentrated Solar Power Market to Reach $90.02 Billion by 2027; Increasing Investments in Product R&D will Provide Impetus to Market Growth, says Fortune Business Insights™

·8-min read

List of the Companies Profiled in the Market: BrightSource Energy (United States), Abengoa Solar (Spain), Siemens (Germany), Acciona (Spain), Solar Reserve (United States), Torresol Energy (Spain), Trivelli Energia (Italy), Abors Green GmbH (Germany), Parvolen CSP Technologies (Greece), Sener (Spain), Rioglass (Belgium)

Pune, India, July 27, 2021 (GLOBE NEWSWIRE) -- The global concentrated solar power market size is projected to reach USD 90.02 billion by the end of 2027. The presence of several large scale companies in this sector will have a huge impact on the growth of the overall market in the coming years. The rising awareness regarding the use of natural energy sources over traditional power sources will emerge in favor of market growth. According to a report published by Fortune Business Insights, titled “Concentrated Solar Power Market Size, Share & COVID-19 Impact Analysis, By Technology (Parabolic Trough, Power Tower, Linear Fresnel), By Application (Residential, Non-Residential, Utility) and Regional Forecasts, 2020-2027,” the market was worth USD 34.12 billion in 2019 and will exhibit a CAGR of 14.1% during the forecast period, 2020-2027.

Request to Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/concentrated-solar-power-market-100751

Concentrated solar power allows the concentration of solar energy with the help of mirrors that are placed in a particular manner. The ability of this concept to maximize the use of solar energy and avoid wastage, as well as improved efficacy, will fuel the demand for the product across the world. The rising awareness regarding the adverse effects of excessive carbon emission has created a subsequent demand for maximizing the use of solar energy. The increasing environmental pollution and the efforts taken to curb the emission of harmful gases will lead to wider adoption of concentrated solar power in several countries across the world. The presence of several large scale companies in this sector, driven by the massive potential held by the product across the world, will have a massive impact on the growth of the overall CSP market in the foreseeable future.

Although Covid-19 Pandemic May Bring Production to a Standstill, Market to Recover Rapidly

The recent coronavirus outbreak has created a sense of panic among several business sectors across the world. With the rapid spread of the disease, governments across the world have been compelled to implement strict measures to curb the spread of the disease. Although these measures have been essentially implemented for a better cause, some factors have had a blazing impact on world economy. The strict lockdowns and social distancing practises have halted production units across several industry verticals. As a result, manufacturers have witnessed huge losses in recent months. Although the pandemic will have an initial impact on CSP market, the widespread applications of the concept will help the market recover quickly from the coronavirus traits, unlike a few other industries in this sector.

To get to know more about the short-term and long-term impact of COVID-19 on this market,

Please visit: https://www.fortunebusinessinsights.com/industry-reports/concentrated-solar-power-market-100751

List of companies profiled in the report:

• BrightSource Energy (United States)

• Abengoa Solar (Spain)

• Siemens (Germany)

• Acciona (Spain)

• Solar Reserve (United States)

• Torresol Energy (Spain)

• Trivelli Energia (Italy)

• Abors Green GmbH (Germany)

• Parvolen CSP Technologies (Greece)

• Sener (Spain)

• Rioglass (Belgium)

Report Scope & Segmentation

Report Coverage

Details

Forecast Period

2020 to 2027

Forecast Period 2020 to 2027 CAGR

14.1%

2027 Value Projection

USD 90.02 Billion

Base Year

2019

Market Size in 2019

USD 34.12 Billion

Historical Data for

2016 to 2018

No. of Pages

140

Segments covered

By Technology, Application, and By Geography

Growth Drivers

Push Towards Advance Solar Energy Technologies Will Attract Investment in Market

Steps to Decrease the Cost of Various Equipment in CSP System Will Fuel CSP Capacity Additions

Growing Adoption of Renewable Sources for Power Generation Will Boost the Market

Higher Efficiency and Low Operating Cost as Compared to Solar PV to Aid Growth

Pitfalls & Challenges

Heavy Capital Investment and Higher Cost of Electricity Per Unit Poses Threat to Market Growth

Ask for Customization:

https://www.fortunebusinessinsights.com/enquiry/customization/concentrated-solar-power-market-100751

Increasing Number of Company Mergers and Collaborations will Provide Impetus to Market Growth

The report encompasses several factors that have contributed to the growth of the overall market in recent years. Among all factors, the increasing number of company collaborations taken to implement CSP across the world, has made the highest impact on the growth of the market in recent years. Due to the efforts taken to curb the carbon emissions across the world, companies are engaging in collaborations, which gives them a platform to combine their resources. In March 2019, Rioglass Solar announced that it has bagged a contract from Abengoa Energia and Shanghai Electric. The contract is aimed at the supply of Parabolic Trough Receiver Tubes and Mirrors. The collaboration will help the company develop the largest parabolic trough project in the world. Such large scale initiatives taken to maximize the use of solar energy will have a massive impact on the growth of the overall concentrated solar power market in the foreseeable future.

Europe to Account for the Maximum Market Share; Increasing Number of Solar Power Projects to Aid Growth

The report analyses the ongoing market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in Europe is projected to emerge dominant in the coming years. The presence of several large scale companies in several countries across this region will emerge in favor of the growth of the market. The presence of several large scale manufacturers in this region is consequential to the rising awareness regarding the use of solar energy over traditional fuel combustion engines. The rising environmental pollution in countries such as UK, Germany, and France has encouraged the use of CSP harnessing methods in this region.

As of 2019, the market in Europe was worth USD 10.85 billion and this value is projected to increase further in the coming years.

Quick Buy - Concentrated Solar Power Market: https://www.fortunebusinessinsights.com/checkout-page/100751

Table of Content:

  • Introduction

    • Research Scope

    • Market Segmentation

    • Research Methodology

    • Definitions and Assumptions

  • Executive Summary

  • Market Dynamics

    • Market Drivers

    • Market Restraints

    • Market Opportunities

  • Key Insights

    • Key Emerging Trends – For Major Countries

    • Key Developments: Merger & Acquisition, Partnership, etc.

    • Latest Technological Advancement

    • Regulatory Landscape

    • Porters Five Forces Analysis

  • Qualitative Analysis – Impact of COVID-19

    • Impact of COVID-19 on the Concentrated Solar Power Market

    • Steps Taken by the Government to Overcome the Impact

    • Key Developments by the Industry Players in Response to COVID-19

    • Potential Opportunities and Challenges due to COVID-19 Outbreak

  • Global Concentrated Solar Power Market Analysis (GW, USD Billion), Insights and Forecast, 2016-2027

    • Key Findings / Summary

    • Market Analysis, Insights and Forecast – By Technology

      • Parabolic Trough

      • Power Tower

      • Linear Fresnel

    • Market Analysis, Insights and Forecast – By Application

      • Residential

      • Non-Residential

      • Utility

    • Market Analysis, Insights and Forecast – By Region

      • North America

      • Europe

      • Asia Pacific

      • Latin America

      • Middle East & Africa

  • North America Concentrated Solar Power Market Analysis (GW, USD Billion), Insights and Forecast, 2016-2027

    • Key Findings / Summary

    • Market Analysis, Insights and Forecast – By Technology

      • Parabolic Trough

      • Power Tower

      • Linear Fresnel

    • Market Analysis, Insights and Forecast – By Application

      • Residential

      • Non-Residential

      • Utility

    • Market Analysis, Insights and Forecast – By Country

      • U.S.

      • Canada

TOC Continued.

Industry Developments:

January 2020 – Abengoa Solar announced that it has bagged a contract from ENCE Energia for operation and maintenance of the 50MW Termollano parabolic trough solar thermal plant. Through this contract, the company would be responsible for the provision of materials, resources, and means necessary for the operation of the solar thermal plant located in Puertollano, Spain.

Speak to Our Analyst-

https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/concentrated-solar-power-market-100751

Have a Look at Related Research Insights:

Solar Tracker Market Size, Share & COVID-19 Impact Analysis, By Type (Photovoltaic (PV), Concentrated Solar Power (CSP)), By Movement (Single-Axis, Dual Axis), By Application (Utility, Non-Utility), and Regional Forecast, 2021-2028

Industrial Gases Market Size, Share and COVID-19 impact Analysis, By Gas Type (Oxygen, Nitrogen, Carbon Dioxide, Hydrogen, Argon, and Others), By Application (Packaging, Coolant, Carbonation, Cryogenic, Cutting & Welding, Laboratory, Air Separation, and Others), By End User (Metallurgy, Healthcare, Chemical, Food and Beverages, Oil & Gas, Power, Pulp and Paper, Electronics, Water Treatment, Mining, and Others), and Regional Forecast, 2021-2028

District Cooling Market Size, Share, and COVID-19 Impact Analysis, By Technology (Electric Chillers, Absorption Chillers, and Others), By End User (Residential, Industrial, and Commercial), and Regional Forecast, 2021-2028

Solar Power Market Size, Share and COVID-19 Impact Analysis, By Technology (Solar Photovoltaic {Mono-Si, Thin Film, Multi-Si, and Others}, and Concentrated Solar Power {Parabolic Trough, Power Tower, and Linear Fresnel}), By Application (Residential, Non-Residential and Utility) and Regional Forecast, 2021-2028

Alkaline Battery Market Size, Share and COVID-19 Impact Analysis, By Product (Primary and Secondary), By Size (AA, AAA, 9 Volt, and Others), By Application (Remote Control, Consumer Electronics, Toys & Radios, and Others), and Regional Forecast, 2021-2028

About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

308, Supreme Headquarters,

Survey No. 36, Baner,

Pune-Bangalore Highway,

Pune - 411045, Maharashtra, India.

Phone:

US :+1 424 253 0390

UK : +44 2071 939123

APAC : +91 744 740 1245

Email: sales@fortunebusinessinsights.com

LinkedIn: https://www.linkedin.com/company/fortune-business-insights

Facebook: https://www.facebook.com/FortuneBusinessInsightsPvtLtd

Read Press Release: https://www.fortunebusinessinsights.com/press-release/concentrated-solar-power-market-9437


Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting