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Concentrating Solar Power Trends and Forecast
The future of the global concentrating solar power market looks promising with opportunities in the utility and enhanced oil recovery (EOR) markets. The global concentrating solar power market is expected to reach an estimated $14.3 billion by 2030 with a CAGR of 12.4% from 2024 to 2030. The major drivers for this market are growing environmental concerns towards carbon emissions and air pollution and supportive governments initiative to enable the adoption of renewable technologies.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Concentrating Solar Power by Segment
The study includes a forecast for the global concentrating solar power by operation type, basis of capacity, end use, and region.
Concentrating Solar Power Market by Operation Type [Shipment Analysis by Value from 2018 to 2030]:
• Stand-Alone
• Storage
Concentrating Solar Power Market by Basis of Capacity [Shipment Analysis by Value from 2018 to 2030]:
• Less than 50 Mw
• 50 Mw to 100 Mw
• 100 Mw and Above
Concentrating Solar Power Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Utilities
• Enhanced Oil Recovery (EOR)
• Others
Concentrating Solar Power Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Concentrating Solar Power Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies concentrating solar power companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the concentrating solar power companies profiled in this report include-
• Abengoa
• BrightSource Energy
• ACWA Power
• SolarReserve
• Aalborg CSP
• General Electric
• Heliogen
• Torresol Energy
• Solastor
• Enel Green Power
Concentrating Solar Power Market Insights
Lucintel forecasts that storage segment is expected to witness higher growth over the forecast period due to its growing requirement for continuous power generation through night and capacity to run the plant for an extended period of time.
APAC is expected to witness highest growth over the forecast period.
Features of the Global Concentrating Solar Power Market
Market Size Estimates: Concentrating solar power market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Concentrating solar power market size by operation type, basis of capacity, end use, and region in terms of value ($B).
Regional Analysis: Concentrating solar power market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different operation types, basis of capacities, end uses, and regions for the concentrating solar power market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the concentrating solar power market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the concentrating solar power market size?
Answer: The global concentrating solar power market is expected to reach an estimated $14.3 billion by 2030.
Q.2 What is the growth forecast for concentrating solar power market?
Answer: The global concentrating solar power market is expected to grow with a CAGR of 12.4% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the concentrating solar power market?
Answer: The major drivers for this market are growing environmental concerns towards carbon emissions and air pollution and supportive governments initiative to enable the adoption of renewable technologies.
Q4. What are the major segments for concentrating solar power market?
Answer: The future of the concentrating solar power market looks promising with opportunities in the utility and enhanced oil recovery (EOR) markets.
Q5. Who are the key concentrating solar power market companies?
Answer: Some of the key concentrating solar power companies are as follows:
• Abengoa
• BrightSource Energy
• ACWA Power
• SolarReserve
• Aalborg CSP
• General Electric
• Heliogen
• Torresol Energy
• Solastor
• Enel Green Power
Q6. Which concentrating solar power market segment will be the largest in future?
Answer: Lucintel forecasts that storage segment is expected to witness higher growth over the forecast period due to its growing requirement for continuous power generation through night and capacity to run the plant for an extended period of time.
Q7. In concentrating solar power market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the concentrating solar power market by operation type (stand-alone and storage), basis of capacity (less than 50 mw, 50 mw to 100 mw, and 100 mw and above), end use (utilities, enhanced oil recovery (EOR), and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Concentrating Solar Power Market, Concentrating Solar Power Market Size, Concentrating Solar Power Market Growth, Concentrating Solar Power Market Analysis, Concentrating Solar Power Market Report, Concentrating Solar Power Market Share, Concentrating Solar Power Market Trends, Concentrating Solar Power Market Forecast, Concentrating Solar Power Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Concentrating Solar Power Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Concentrating Solar Power Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Concentrating Solar Power Market by Operation Type
3.3.1: Stand-Alone
3.3.2: Storage
3.4: Global Concentrating Solar Power Market by Basis of Capacity
3.4.1: Less than 50 MW
3.4.2: 50 MW to 100 MW
3.4.3: 100 MW and Above
3.5: Global Concentrating Solar Power Market by End Use
3.5.1: Utilities
3.5.2: Enhanced Oil Recovery (EOR)
3.5.3: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Concentrating Solar Power Market by Region
4.2: North American Concentrating Solar Power Market
4.2.2: North American Concentrating Solar Power Market by End Use: Utilities, Enhanced Oil Recovery (EOR), and Others
4.3: European Concentrating Solar Power Market
4.3.1: European Concentrating Solar Power Market by Operation Type: Stand-Alone and Storage
4.3.2: European Concentrating Solar Power Market by End Use: Utilities, Enhanced Oil Recovery (EOR), and Others
4.4: APAC Concentrating Solar Power Market
4.4.1: APAC Concentrating Solar Power Market by Operation Type: Stand-Alone and Storage
4.4.2: APAC Concentrating Solar Power Market by End Use: Utilities, Enhanced Oil Recovery (EOR), and Others
4.5: ROW Concentrating Solar Power Market
4.5.1: ROW Concentrating Solar Power Market by Operation Type: Stand-Alone and Storage
4.5.2: ROW Concentrating Solar Power Market by End Use: Utilities, Enhanced Oil Recovery (EOR), and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Concentrating Solar Power Market by Operation Type
6.1.2: Growth Opportunities for the Global Concentrating Solar Power Market by Basis of Capacity
6.1.3: Growth Opportunities for the Global Concentrating Solar Power Market by End Use
6.1.4: Growth Opportunities for the Global Concentrating Solar Power Market by Region
6.2: Emerging Trends in the Global Concentrating Solar Power Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Concentrating Solar Power Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Concentrating Solar Power Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Abengoa
7.2: BrightSource Energy
7.3: ACWA Power
7.4: SolarReserve
7.5: Aalborg CSP
7.6: General Electric
7.7: Heliogen
7.8: Torresol Energy
7.9: Solastor
7.10: Enel Green Power
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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