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Concentrating Solar Power Market: Global Forecast until 2021

  • February 2017
  • 154 pages
  • ID: 4698520
In this report:
Italy had the largest market volume of ##.## MW in 2016 and is expected to continue its dominance throughout the forecast period, reaching annual addition of ## MW in 2021 with a CAGR of ##.##% during the forecast period of 2016-2021.
The concentrating solar power market in the Rest of Europe is projected to reach ##.## MW by 2021, and is expected to grow with a CAGR of ##.##% during the forecast period.

Summary

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"The concentrating solar power market is estimated to rise at a compound annual growth rate of 10.30 percent from 2016 to 2021"

The concentrating solar power market is estimated to grow ~$11.0B by 2021, increasing at a compound annual growth rate (CAGR) of 10.30 percent from 2016 to 2021. Concentrating solar power are used in residential, commercial, and industrial. Increasing environmental concerns over carbon emissions and efforts to minimize air pollution, policy support from governments to enable adoption of renewable technologies and dispatchability of power. On the other hand, higher initial investment and higher payback time period are the main restraints of the overall concentrating solar power market.

"The power tower segment is anticipated to grow at the quickest Compound annual growth rate from 2016 to 2021"

A power tower utilizes many big, sun-tracking mirrors to focus sunlight on a receiver at the top of a tower, a heat transfer fluid in the receiver aids in steam generation generate steam to produce electricity. Parabolic trough segment has maximum market share in total CSP market. The main reason behind maximum share is falling price of solar CSP and at par solar irradiance in Middle East area & African continent and Asia-Pac region.

"Middle East (ME) & African continent: The biggest market for concentrating solar power"

The Middle East area & African market is forecasted to be the biggest increasing for concentrating solar power installations from 2016 to 2021. The Middle East (ME) & African market's increase is influenced by power generation, enhanced oil recovery and desalination industry operations. Morocco, Saudi Arabia (SA), United Arab Emirates, and Oman are forecasted to witness significant rise during the outlook period. Morocco is one of the most attractive market for CSP installations and has many CSP projects under development and in the pipeline.

Key players' distribution profiles:

Comprehensive interviews have been managed with several key industry participants, subject matter experts, C-suite executives of key industry players, and industry consultants, among other experts, to verify and obtain critical qualitative and quantitative info as well as to evaluate future industry prospects. The classification of primaries interviews is like:

By Company Type: Tier 1 25.0 percent, Tier 2 45.0 percent, Tier 3 30.0 percent

By Designation: C-Level- 45.0 percent, D-Level- 35.0 percent, Others- 20.0 percent

By area: Americas- 25.0 percent, Europe- 10.0 percent, Asia-pac- 35%, Middle East & Africa- 30.0 percent

Note: The 1/3 of the companies, the tiers of the corporations has been defined on the basis of their final revenue, as of 2015: Tier 1 = >USD 501 million, Tier 2 = From $251.0M to $500.0M, and Tier 3 =

The key players in the concentrating solar power market contain Abengoa Solar, Aalborg CSP, ACWA Power, BrightSource Energy, Incorporated and eSolar Inc, among others.

Segment Research

The study offers a picture on the concentrating solar power market across various industry verticals and localities. It aims at evaluating the market value and upcoming growth potential of this market across several segments, including system technology, end-user, components, and area. Moreover, the analysis also comprises a detailed competitive analysis of the top players in the sector together with their company descriptions, SWOT study, recent evolutions, and key industries strategies.

Main highlights

The market research will facilitate the market top players/new sector entrants in this sector by providing them the closest approximations of the revenue numbers for the global concentrating solar power market and the sub-segments. This business report will facilitate partners to better apprehend the competitor overview and obtain additional insights to better option their businesses and make suitable go-to-market approaches. The industry report also benefits the partners to apprehend the pulse of the industry and offers them information on main market drivers, industry restraints, opportunities, and alternatives.

Why acquire this industry report?

1. The study determines and addresses main markets for concentrating solar power market, which is useful for suppliers to examine the rise in demand for the product.

2. The analysis benefits solution providers to comprehend the pulse of the sector and offers business insights on drivers, market restraints, and opportunities.

3. The market research will facilitate top players to better find out the competition's strategies and will benefit in making tactical conclusions.

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