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Tuesday, October 26, 2021

Global Concentrated Solar Power Market to be Driven at a CAGR of 9% in the Forecast Period of 2021-2026

The new report by Expert Market Research titled, ‘Global Concentrated Solar Power Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global concentrated solar power market, assessing the market based on its segments like technology, components, end use, and major regions like Asia Pacific, Europe, North America, Middle East and Africa and Latin America. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.

Request a free sample copy in PDF or view the report summary@

The key highlights of the report include:

Market Overview (2016-2026)

  • Historical Market Size (2020): USD 4.12 Billion
  • Forecast CAGR (2021-2026): 9%
  • Forecast Market Size (2026): USD 6.90 Billion

The growth of global concentrated solar power market is driven by the increasing demand for carbon free energy sources. The rising awareness for the adverse impact of greenhouse gases on environment due to fossil fuel burning such as coal, oil and natural gas is expected to drive the market growth. Additionally, the increasing global energy demand along with adoption of renewable sources of energy is anticipated to propel the market forward. However, the factors such as high initial capital investment, regular maintenance and intermittent nature of sunlight may constrain the market growth over the forecast period.

Explore the full report with the table of contents@

Industry Definition and Major Segments

Concentrated solar power energy refers to the process of electricity generation using concentrated solar energy. This is achieved using mirrors for focusing sun rays to achieve temperatures ranging from 400 to 1000 ° C for producing steam to run turbines. It is a carbon free source of electricity generation.

Based on technology, the market can be categorised into:

The market on the basis of components is categorised into:

  • Solar Field
  • Power Block
  • Thermal Energy Storage System

On the basis of end use, the market is segmented into:

The regional markets for concentrated solar power include:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Market Trends

Regionally, the Asia Pacific is anticipated to dominate the global market for concentrated solar power. The region is also expected to witness the fastest growth rate over the forecast period owing to the rapid increase in the concentrated solar power plants installation in emerging economies such as China. Meanwhile, Europe is projected to follow Asia Pacific due to increasing regulation and policies for shifting towards renewable sources of energy. North America and Middle East and Africa is further expected to show a significant share in the global market over the forecast period. This can be attributed to increasing investment and changing focus towards greener energy sources.

Key Market Players

The major players in the market are Abengoa Solar, S.A., Brightsource Energy, Inc., ACWA Power, Esolar Inc., Solarreserve, LLC, Aalborg CSP A/S., TSK Flagsol Engineering GmbH, and a few others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

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Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.


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