Product Code: 1164
Concentrated Solar Power (CSP) Market will grow notably during 2023-2032 owing to the strict regulations and policies imposed by various governments to meet the climate change and renewable energy targets. Increasing efforts to lessen the global warming impact and a rising focus on sustainable technologies will most likely drive technology penetration in the coming years.
The declining Levelized Cost of Energy (LCOE) for solar thermal projects will be a key factor driving technology adoption during the estimated timeframe. Furthermore, constant technological innovations will result in declining technology prices over the coming years, thereby positively influencing the growth scenario for CSP market.
Overall, the concentrated solar power (CSP) industry is segmented in terms of technology, capacity, storage, and country.
By technology, the linear Fresnel reflector segment depicted an installed capacity of over 4 MW in 2022. The product will gain prominence in the coming years owing to the low material cost associated with using elastically curved or flat reflectors made of plastic. Moreover, compared to other technologies, linear Fresnel reflectors boast of a simpler structure, which reduces the maintenance cost of the unit, thus driving unit deployment in the coming years.
Based on capacity, the ≤ 50 MW capacity segment will witness huge demand due to the rising efforts toward emission reduction and stringent environmental regulations. The ability to complement industrial process heat systems, such as coal and oil-powered systems, to comply with initiatives to reduce the dependency on fossil fuels would further propel the CSP industry to deploy such units.
In terms of storage, the without-storage segment will grow considerably by 2032. Key factors such as lower material and installation costs and reduced complexity will drive the adoption of CSP projects without storage. Besides, low maintenance and space requirements will further spur technology deployment over the coming years.
Country-wise, the UAE CSP industry is anticipated to be valued at over USD 2.5 billion by 2032 end. Strict regulations and policies to reduce carbon emissions across the country will spur the adoption of CHP projects. The business outlook would further be influenced by increasing investments made by private and public entities to create effective CSP projects nationwide. In addition, a significant trend towards using renewable energy sources, which will accelerate the uptake of solar, wind, and hydropower-related technologies would stimulate the market dynamics for concentrated solar power nationwide.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market definitions
- 1.2 Base estimates & calculations
- 1.3 Forecast calculations
- 1.4 Data Sources
- 1.4.1 Primary
- 1.4.2 Data mining sources
- 1.4.2.1 Paid
- 1.4.2.2 Public
Chapter 2 Executive Summary
- 2.1 Concentrated solar power industry 360 degree synopsis, 2019-2032
- 2.1.1 Business trends
- 2.1.2 Technology trends
- 2.1.3 Capacity trends
- 2.1.4 Storage trends
- 2.1.5 Country trends
Chapter 3 Concentrated Solar Power Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Regulatory landscape
- 3.2.1 Europe
- 3.2.1.1 General standards
- 3.2.1.1.1 European Standards EN 12975-1 (2011)
- 3.2.1.2 EN ISO 9806 (2013)
- 3.2.1.3 ISO 9806:2017
- 3.2.1.4 France
- 3.2.2 Asia Pacific
- 3.2.2.1 China
- 3.2.2.1.1 Feed-In Tariff (FIT)
- 3.2.2.2 India
- 3.2.2.2.1 Jawaharlal Nehru National Solar Mission
- 3.2.2.2.2 RE Tariff Regulations
- 3.2.2.2.3 RE Tariff Regulations, 2017 (Regulation 57)
- 3.2.2.2.4 CERC Regulation, 2012
- 3.2.3 Middle East & Africa
- 3.2.3.1 South Africa
- 3.2.3.1.1 Renewable Energy Independent Power Producer Programme (REIPPP)
- 3.2.3.1.2 Income Tax Act 1962
- 3.2.3.2 Morocco
- 3.2.3.2.1 Intended Nationally Determined Contribution (INDC)
- 3.2.3.2.2 Moroccan Agency for Solar Energy (Masen)
- 3.2.4 Latin America
- 3.2.4.1 Brazil
- 3.2.4.2 Chile
- 3.3 Comparison of CSP technologies
- 3.4 COVID-19 impact on the industry outlook
- 3.5 Industry impact forces
- 3.5.1 Growth drivers
- 3.5.1.1 Favorable government initiatives
- 3.5.1.2 Rising electricity consumption
- 3.5.1.3 Growing demand for clean energy
- 3.5.1.4 Declining Levelized Cost of Electricity (LCOE)
- 3.5.2 Industry pitfalls & challenges
- 3.5.2.1 High capital expenditure
- 3.5.2.2 Availability of other renewable alternatives
- 3.6 Porter's analysis
- 3.6.1 Bargaining power of suppliers
- 3.6.2 Bargaining power of buyers
- 3.6.3 Threat of new entrants
- 3.6.4 Threat of substitutes
- 3.7 PESTEL Analysis
Chapter 4 Competitive Benchmarking
- 4.1 Competitive analysis of major market players
- 4.2 Innovation & sustainability landscape
- 4.2.1 Dornier Suntrace GmbH
- 4.2.2 Acciona
- 4.2.3 New BrightSource, Ltd
- 4.2.4 Other Innovations
- 4.3 Competitive landscape, 2022
- 4.3.1 Strategy dashboard
- 4.3.1.1 Abengoa S.A.
- 4.3.1.1.1 Award & recognition
- 4.3.1.1.2 Installation
- 4.3.1.1.3 Divestment
- 4.3.1.2 ACCIONA
- 4.3.1.2.1 Project
- 4.3.1.2.2 Partnership
- 4.3.1.3 GE Renewable Energy
- 4.3.1.4 Dornier Suntrace GmbH
- 4.3.1.5 ACWA Power
- 4.3.1.6 Engie
- 4.3.1.7 New BrightSource, Ltd.
- 4.3.1.8 TSK
- 4.3.1.9 SENER
- 4.3.1.10 FRENELL GmbH
Chapter 5 Concentrated Solar Power Market, By Technology
- 5.1 Key technology trends
- 5.2 Parabolic trough
- 5.2.1 Global market from parabolic trough, 2019 - 2032
- 5.2.2 Global market from parabolic trough, by country, 2019 - 2032
- 5.3 Linear fresnel reflector
- 5.3.1 Global market from linear fresnel reflector, 2019 - 2032
- 5.3.2 Global market from linear fresnel reflector, by country, 2019 - 2032
- 5.4 Power tower
- 5.4.1 Global market from power tower, 2019 - 2032
- 5.4.2 Global market from power tower, by country, 2019 - 2032
Chapter 6 Concentrated Solar Power Market, By Capacity
- 6.1 Key capacity trends
- 6.2 ≤ 50 MW
- 6.2.1 Global market from ≤ 50 MW, 2019 - 2032
- 6.2.2 Global market from ≤ 50 MW, by country, 2019 - 2032
- 6.3 > 50 MW to ≤ 100 MW
- 6.3.1 Global market from > 50 MW to ≤ 100 MW, 2019 - 2032
- 6.3.2 Global market from > 50 MW to ≤ 100 MW, by country, 2019 - 2032
- 6.4 > 100 MW
- 6.4.1 Global market from > 100 MW, 2019 - 2032
- 6.4.2 Global market from > 100 MW, by country, 2019 - 2032
Chapter 7 Concentrated Solar Power Market, By Storage
- 7.1 Key storage trends
- 7.2 With storage
- 7.2.1 Global market from with storage, 2019 - 2032
- 7.2.2 Global market from with storage, by country, 2019 - 2032
- 7.2.3 Molten salt
- 7.2.3.1 Global market from molten salt, 2019 - 2032
- 7.2.3.2 Global market from molten salt, by country, 2019 - 2032
- 7.2.4 Others
- 7.2.4.1 Global market from others, 2019 - 2032
- 7.2.5 Global market from others, by country, 2019 - 2032
- 7.3 Without storage
- 7.3.1 Global market from without storage, 2019 - 2032
- 7.3.2 Global market from without storage, by country, 2019 - 2032
Chapter 8 Concentrated Solar Power Market, By Country
- 8.1 Key country trends
- 8.2 Greece
- 8.2.1 Greece market size, 2019 - 2032
- 8.2.2 Greece market by technology, 2019 - 2032
- 8.2.3 Greece market by capacity, 2019 - 2032
- 8.2.4 Greece market by storage, 2019 - 2032
- 8.2.4.1 Greece market by with storage, 2019 - 2032
- 8.3 France
- 8.3.1 France market size, 2019 - 2032
- 8.3.2 France market by technology, 2019 - 2032
- 8.3.3 France market by capacity, 2019 - 2032
- 8.3.4 France market by storage, 2019 - 2032
- 8.3.4.1 France market by with storage, 2019 - 2032
- 8.4 China
- 8.4.1 China market size, 2019 - 2032
- 8.4.2 China market by technology, 2019 - 2032
- 8.4.3 China market by capacity, 2019 - 2032
- 8.4.4 China market by storage, 2019 - 2032
- 8.4.4.1 China market by with storage, 2019 - 2032
- 8.5 India
- 8.5.1 India market size, 2019 - 2032
- 8.5.2 India market by technology, 2019 - 2032
- 8.5.3 India market by capacity, 2019 - 2032
- 8.5.4 India market by storage, 2019 - 2032
- 8.5.4.1 India market by with storage, 2019 - 2032
- 8.6 Israel
- 8.6.1 Israel market size, 2019 - 2032
- 8.6.2 Israel market by technology, 2019 - 2032
- 8.6.3 Israel market by capacity, 2019 - 2032
- 8.6.4 Israel market by storage, 2019 - 2032
- 8.6.4.1 Israel market by with storage, 2019 - 2032
- 8.7 UAE
- 8.7.1 UAE market size, 2019 - 2032
- 8.7.2 UAE market by technology, 2019 - 2032
- 8.7.3 UAE market by capacity, 2019 - 2032
- 8.7.4 UAE market by storage, 2019 - 2032
- 8.7.4.1 UAE market by with storage, 2019 - 2032
- 8.8 Kuwait
- 8.8.1 Kuwait market size, 2019 - 2032
- 8.8.2 Kuwait market by technology, 2019 - 2032
- 8.8.3 Kuwait market by capacity, 2019 - 2032
- 8.8.4 Kuwait market by storage, 2019 - 2032
- 8.8.4.1 Kuwait market by with storage, 2019 - 2032
- 8.9 Morocco
- 8.9.1 Morocco market size, 2019 - 2032
- 8.9.2 Morocco market by technology, 2019 - 2032
- 8.9.3 Morocco market by capacity, 2019 - 2032
- 8.9.4 Morocco market by storage, 2019 - 2032
- 8.9.4.1 Morocco market by with storage, 2019 - 2032
- 8.10 South Africa
- 8.10.1 South Africa market size, 2019 - 2032
- 8.10.2 South Africa market by technology, 2019 - 2032
- 8.10.3 South Africa market by capacity, 2019 - 2032
- 8.10.4 South Africa market by storage, 2019 - 2032
- 8.10.4.1 South Africa market by with storage, 2019 - 2032
- 8.11 Saudi Arabia
- 8.11.1 Saudi Arabia market size, 2019 - 2032
- 8.11.2 Saudi Arabia market by technology, 2019 - 2032
- 8.11.3 Saudi Arabia market by capacity, 2019 - 2032
- 8.11.4 Saudi Arabia market by storage, 2019 - 2032
- 8.11.4.1 Saudi Arabia market by with storage, 2019 - 2032
- 8.12 Chile
- 8.12.1 Chile market size, 2019 - 2032
- 8.12.2 Chile market by technology, 2019 - 2032
- 8.12.3 Chile market by capacity, 2019 - 2032
- 8.12.4 Chile market by storage, 2019 - 2032
- 8.12.4.1 Chile market by with storage, 2019 - 2032
- 8.13 Brazil
- 8.13.1 Brazil market size, 2019 - 2032
- 8.13.2 Brazil market by technology, 2019 - 2032
- 8.13.3 Brazil market by capacity, 2019 - 2032
- 8.13.4 Brazil market by storage, 2019 - 2032
- 8.13.4.1 Brazil market by with storage, 2019 - 2032
Chapter 9 Company Profiles
- 9.1 Abengoa S.A.
- 9.1.1 Business Overview
- 9.1.2 Financial Data
- 9.1.3 Product Landscape
- 9.1.4 Strategic Outlook
- 9.1.5 SWOT Analysis
- 9.2 ACCIONA
- 9.2.1 Business Overview
- 9.2.2 Financial Data
- 9.2.3 Product Landscape
- 9.2.4 Strategic Outlook
- 9.2.5 SWOT Analysis
- 9.3 GE Renewable Energy
- 9.3.1 Business Overview
- 9.3.2 Financial Data
- 9.3.3 Product Landscape
- 9.3.4 Strategic Outlook
- 9.3.5 SWOT Analysis
- 9.4 Enel Green Power S.p.A.
- 9.4.1 Business Overview
- 9.4.2 Financial Data
- 9.4.3 Product Landscape
- 9.4.4 SWOT Analysis
- 9.5 New BrightSource, Ltd
- 9.5.1 Business Overview
- 9.5.2 Financial Data
- 9.5.3 Product Landscape
- 9.5.4 Strategic Outlook
- 9.5.5 SWOT Analysis
- 9.6 Atlantica Sustainable Infrastructure plc
- 9.6.1 Business Overview
- 9.6.2 Financial Data
- 9.6.3 Product Landscape
- 9.6.4 SWOT Analysis
- 9.7 ACWA Power
- 9.7.1 Business Overview
- 9.7.2 Financial Data
- 9.7.3 Product Landscape
- 9.7.4 Strategic Outlook
- 9.7.5 SWOT Analysis
- 9.8 Chiyoda Corporation
- 9.8.1 Business Overview
- 9.8.2 Financial Data
- 9.8.3 Product Landscape
- 9.8.4 SWOT Analysis
- 9.9 Dornier Suntrace GmbH
- 9.9.1 Business Overview
- 9.9.2 Financial Data
- 9.9.3 Product Landscape
- 9.9.4 Strategic Outlook
- 9.9.5 SWOT Analysis
- 9.10 Eastman Chemical Company
- 9.10.1 Business Overview
- 9.10.2 Financial Data
- 9.10.3 Product Landscape
- 9.10.4 SWOT Analysis
- 9.11 FRENELL GmbH
- 9.11.1 Business Overview
- 9.11.2 Financial Data
- 9.11.3 Product Landscape
- 9.11.4 Strategic Outlook
- 9.11.5 SWOT Analysis
- 9.12 Engie
- 9.12.1 Business Overview
- 9.12.2 Financial Data
- 9.12.3 Product Landscape
- 9.12.4 Strategic Outlook
- 9.12.5 SWOT Analysis
- 9.13 TSK
- 9.13.1 Business Overview
- 9.13.2 Financial Data
- 9.13.3 Product Landscape
- 9.13.4 SWOT Analysis
- 9.14 Grupo Sener
- 9.14.1 Business Overview
- 9.14.2 Financial Data
- 9.14.3 Product Landscape
- 9.14.4 Strategic Outlook
- 9.14.5 SWOT Analysis