Dublin, Dec. 07, 2020 (GLOBE NEWSWIRE) -- The "Concentrating Solar Power Market by Technology - Global Opportunity Analysis and Industry Forecast, 2020-2030" report has been added to ResearchAndMarkets.com's offering.
The Global Concentrating Solar Power Market was valued at USD 37.40 billion in 2019 and is expected to garner USD 114.42 billion by 2030, expanding at a CAGR of 10.7%, during the forecast period, from 2020 and 2030.
Concentrating solar power is carbon free and renewable source of energy. The energy generated from concentrating solar power has wide range of applications in chemical production, food processing, water desalination, enhanced oil recovery, and mineral processing.
Concentrated solar power converts energy from the sunlight to power turbines that generate electricity. Mirrors or lenses concentrate the sunrays to a temperature ranging between 400C and 1,000C on the focal point of a receiver. The receiver produces steam or hot air that drives the turbine and the generator. The generator produces electricity, which is stored in grids and used for various applications.
The expansion of the global concentrating solar power market is attributed to the rising demand for energy, increase in government support for the adoption of renewable technologies. Moreover, growing awareness regarding environmental pollution by conventional power plants and rising concerns regarding global warming are fuelling the market growth.
However, high capital costs required for the deployment of concentrating solar power generation plants is hindering the market. Lack of availability of large spaces in high solar radiation zones, limited access to water, and less accessibility to transmission grid hamper market growth. On the other hand, high adoption and acceptance of concentrating solar power projects by market players and collaborations among players are expected to create opportunities for the market.
The concentrating solar power market is segmented based on technology, and geography. In terms of technology, the market is divided into parabolic trough, solar power tower, Fresnel reflectors, and dish stirling. Based on geography, the market is segmented into North America, Europe, Asia-Pacific, and Rest of World (RoW).
North America is expected to dominate the concentrating solar power market owing to the increase in the adoption of renewable energy. Moreover, presence of developed infrastructure in the region propels the market.
The market in Asia-Pacific is anticipated to grow owing to the presence of a number of developing countries in the region due to the presence of developing countries, rapid industrialization, growing awareness among people and governments, and increasing pollution resulting in global warming.
Competitive Landscape
Key players in the global concentrating solar power market include Abengoa, Acciona, SolarReserve, BrightSource Energy, ACWA Power, GE Energy, Suntrace, SCHOTT, Frenell GMBH, and Siemens.
Key Topics Covered:
1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1 Secondary Research
1.2.2 Data Analysis Framework
1.2.3 Market Size Estimation
1.2.4 Forecasting
1.2.5 Primary Research and Data Validation
2. Market Snapshot, 2019-2030 Million Usd
2.1. Market Snapshot
3. Porter's Five Force Model Analysis
4. Market Dynamics
4.1. Growth Drivers
4.1.1 Driver 1
4.1.2 Driver 2
4.1.3 Driver 3
4.1.4 Driver 4
4.2. Challenges
4.2.1 Challenge 1
4.2.2 Challenge 2
4.3. Opportunities
4.3.1 Opportunity 1
4.3.2 Opportunity 2
5. Global Concentrating Solar Power Market, by Technology
5.1. Overview
5.2. Parabolic Trough
5.2.1 Parabolic Trough Market, by Region
5.2.1.1 North America Parabolic Trough Market, by Country
5.2.1.2 Europe Parabolic Trough Market, by Country
5.2.1.3 Asia-Pacific Parabolic Trough Market, by Country
5.2.1.4 Rest of World Parabolic Trough Market, by Country
5.3. Solar Power Tower
5.3.1 Solar Power Tower Market, by Region
5.3.1.1 North America Solar Power Tower Market, by Country
5.3.1.2 Europe Solar Power Tower Market, by Country
5.3.1.3 Asia-Pacific Solar Power Tower Market, by Country
5.3.1.4 Rest of World Solar Power Tower Market, by Country
5.4. Fresnel Reflectors
5.4.1 Fresnel Reflectors Market, by Region
5.4.1.1 North America Fresnel Reflectors Market, by Country
5.4.1.2 Europe Fresnel Reflectors Market, by Country
5.4.1.3 Asia-Pacific Fresnel Reflectors Market, by Country
5.4.1.4 Rest of World Fresnel Reflectors Market, by Country
5.5. Dish Stirling
5.5.1 Dish Stirling Market, by Region
5.5.1.1 North America Dish Stirling Market, by Country
5.5.1.2 Europe Dish Stirling Market, by Country
5.5.1.3 Asia-Pacific Dish Stirling Market, by Country
5.5.1.4 Rest of World Dish Stirling Market, by Country
6. Global Concentrating Solar Power Market, by Region
6.1. Overview
6.2. North America
6.2.1 North America Concentrating Solar Power Market, by Technology
6.2.2 North America Concentrating Solar Power, Market by Country
6.2.2.1 U.S
6.2.2.1.1 U.S Concentrating Solar Power Market, by Technology
6.2.2.2 Canada
6.2.2.2.1 Canada Concentrating Solar Power Market, by Technology
6.3. Europe
6.3.1 Europe Concentrating Solar Power Market, by Technology
6.3.2 Europe Concentrating Solar Power, Market by Country
6.3.2.1 Germany
6.3.2.1.1 Germany Concentrating Solar Power Market, by Technology
6.3.2.2 Spain
6.3.2.2.1 Spain Concentrating Solar Power Market, by Technology
6.3.2.3 Italy
6.3.2.3.1 Italy Concentrating Solar Power Market, by Technology
6.3.2.4 Rest of Europe
6.3.2.4.1 Rest of Europe Concentrating Solar Power Market, by Technology
6.4. Asia-Pacific
6.4.1 Asia-Pacific Concentrating Solar Power Market, by Technology
6.4.2 Asia-Pacific Concentrating Solar Power, Market by Country
6.4.2.1 China
6.4.2.1.1 China Concentrating Solar Power Market, by Technology
6.4.2.2 India
6.4.2.2.1 India Concentrating Solar Power Market, by Technology
6.4.2.3 Australia
6.4.2.3.1 Australia Concentrating Solar Power Market, by Technology
6.4.2.4 Thailand
6.4.2.4.1 Thailand Concentrating Solar Power Market, by Technology
6.4.2.5 Rest of Asia-Pacific
6.4.2.5.1 Rest of Asia-Pacific Concentrating Solar Power Market, by Technology
6.5. Rest of World
6.5.1 Rest of World Concentrating Solar Power Market, by Technology
6.5.2 Rest of World Concentrating Solar Power, Market by Country
6.5.2.1 South Afria
6.5.2.1.1 South Afria Concentrating Solar Power Market, by Technology
6.5.2.2 Morocco
6.5.2.2.1 Morocco Concentrating Solar Power Market, by Technology
6.5.2.3 Uae
6.5.2.3.1 Uae Concentrating Solar Power Market, by Technology
6.5.2.4 Algeria
6.5.2.4.1 Algeria Concentrating Solar Power Market, by Technology
6.5.2.5 Egypt
6.5.2.5.1 Egypt Concentrating Solar Power Market, by Technology
6.5.2.6 Iran
6.5.2.6.1 Iran Concentrating Solar Power Market, by Technology
6.5.2.7 Oman
6.5.2.7.1 Oman Concentrating Solar Power Market, by Technology
6.5.2.8 Israel
6.5.2.8.1 Israel Concentrating Solar Power Market, by Technology
6.5.2.9 Remaining Countries
6.5.2.9.1 Remaining Countries Concentrating Solar Power Market, by Technology
7. Company Profiles
7.1. Abengoa
7.1.1 Company Overview
7.1.2 Company Snapshot
7.1.3 Operating Business Segments
7.1.4 Product Portfolio
7.1.5 Business Performance
7.1.6 Key Strategic Moves and Development
7.2. Acciona Sa
7.2.1 Company Overview
7.2.2 Company Snapshot
7.2.3 Operating Business Segments
7.2.4 Product Portfolio
7.2.5 Business Performance
7.2.6 Key Strategic Moves and Development
7.3. Acwa Power
7.3.1 Company Overview
7.3.2 Company Snapshot
7.3.3 Operating Business Segments
7.3.4 Product Portfolio
7.3.5 Business Performance
7.3.6 Key Strategic Moves and Development
7.4. Atlantica Yield plc
7.4.1 Company Overview
7.4.2 Company Snapshot
7.4.3 Operating Business Segments
7.4.4 Product Portfolio
7.4.5 Business Performance
7.4.6 Key Strategic Moves and Development
7.5. Brightsource Energy Inc.
7.5.1 Company Overview
7.5.2 Company Snapshot
7.5.3 Operating Business Segments
7.5.4 Product Portfolio
7.5.5 Business Performance
7.5.6 Key Strategic Moves and Development
7.6. Frenell GmbH
7.6.1 Company Overview
7.6.2 Company Snapshot
7.6.3 Operating Business Segments
7.6.4 Product Portfolio
7.6.5 Business Performance
7.6.6 Key Strategic Moves and Development
7.7. General Electric
7.7.1 Company Overview
7.7.2 Company Snapshot
7.7.3 Operating Business Segments
7.7.4 Product Portfolio
7.7.5 Business Performance
7.7.6 Key Strategic Moves and Development
7.8. Siemens AG
7.8.1 Company Overview
7.8.2 Company Snapshot
7.8.3 Operating Business Segments
7.8.4 Product Portfolio
7.8.5 Business Performance
7.8.6 Key Strategic Moves and Development
7.9. Suntrace GmbH
7.9.1 Company Overview
7.9.2 Company Snapshot
7.9.3 Operating Business Segments
7.9.4 Product Portfolio
7.9.5 Business Performance
7.9.6 Key Strategic Moves and Development
7.10. Solarreserve LLC
7.10.1 Company Overview
7.10.2 Company Snapshot
7.10.3 Operating Business Segments
7.10.4 Product Portfolio
7.10.5 Business Performance
7.10.6 Key Strategic Moves and Development
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