Concentrating Solar Power Market: Industry Analysis, Global Trends, and Forecast to 2025

Concentrating Solar Power Market: Industry Analysis, Global Trends, and Forecast to 2025

ReportsnReports adds “Concentrating Solar Power Market” to its store. The Report provides in-depth analysis of the Concentrating Solar Power Market at global and key country level.

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The Concentrating Solar Power Market is projected to grow from an estimated USD 3.5 Billion in 2020 to USD 7.6 billion by 2025, at a CAGR of 16.4% from 2020 to 2025.

Top Companies Profiled in the Concentrating Solar Power Market:

  • Abengoa (Spain)
  • BrightSource Energy (US)
  • ACWA Power (Saudi Arabia)
  • Aalborg CSP (Denmark)
  • and SolarReserve (US)
  • TSK Flagsol Engineering GmbH (Germany)
  • Alsolen (Morocco)
  • Cobra Energia (Spain)
  • Torresol Energy (Spain)
  • Acciona Energy (Spain)
  • eSolar (US)
  • Enel Green Power (Italy)

The solar power towers segment is estimated to be the fastest-growing segment of the concentrating solar power market, by technology, from 2020 to 2025. The solar power tower segment is getting a boost due to the higher temperatures that can allow higher efficiency of the steam cycle and decrease water consumption for cooling the condenser.

The Asia Pacific region is projected to grow at the fastest rate, from 2020 to 2025, followed by Middle East & Africa and North America. The region consists of major CSP installations in countries such as China, Australia and India. China is projected to grow at the highest CAGR from 2020 to 2025. This is mainly due to the increasing investment in CSP for stabilizing power grid is driving this country.

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Breakdown of primary participants’ profile:

  • By Company Type: Tier 1- 55.0%, Tier 2- 26.1%, Tier 3- 18.9%
  • By Designation: C-Level Executives- 43.1%, Managers- 37.9%, Others- 19.0%
  • By Region: Asia Pacific- 26.2%, Middle East & Africa- 41.5%, Europe- 18.4%, North America- 7% and South America- 0.5%

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