Concentrated Solar Thermal Market Size, Share, Trends, Growth Outlook

The global Concentrated Solar Thermal Market Size is estimated to increase at a CAGR of 20.5% during the forecast period from 2024 to 2030.

 

The Concentrated Solar Thermal Market research report provides a detailed analysis of diverse segments across 6 regions and 25 countries including Storage (With Storage, Without Storage), Technology (Parabolic Troughs, Fresnel Systems, Tower/Heliostat Systems, Parabolic Dishes), Capacity (≤50 MW, >50≤100 MW, >100 MW), Component (Power Block, Solar Field, Thermal Energy Storage System).

An Introduction to Concentrated Solar Thermal Markets in 2024

Productivity, technology enablement, and sustainability remain the key market-driving forces in the global Concentrated Solar Thermal industry landscape. Companies that invest in that supply chain and operational resiliency are poised to gain a competitive edge over other market players. The global energy investments are set to increase from around $1,652 Billion in 2024 to $2845 Billion in 2040. As the world is making steady progress towards net zero, energy security, affordability, and industrial competitiveness remain key focus areas of most Concentrated Solar Thermal companies. The Concentrated Solar Thermal demand trajectory varies based on multiple scenarios, from macroeconomic conditions, regulatory support, investment scenarios, and the global landscape. Decision makers across the Concentrated Solar Thermal industry value chain formulating long-term transition strategies with a diverse range of future scenarios are likely to stay ahead of the competition curve.

Concentrated Solar Thermal Market Trends:

In the concentrated solar thermal market, there's a trend towards harnessing concentrated sunlight for thermal energy applications. Innovations in concentrating solar power (CSP) technologies, molten salt storage, and advanced receiver designs are prevalent trends. Additionally, the adoption of concentrated solar thermal for electricity generation, industrial process heat, and solar desalination is gaining traction. Moreover, advancements in thermal storage capacity, solar collector efficiency, and hybridization with fossil fuels are shaping the market.

Concentrated Solar Thermal Market Drivers:

Key drivers stimulating the concentrated solar thermal market include the need for dispatchable renewable energy, the drive towards decarbonization, and grid stability. Concentrated solar thermal offers advantages such as thermal energy storage, continuous power generation, and potential for hybridization with existing power plants, driving its adoption in regions with abundant sunlight. Moreover, technological advancements in CSP systems, thermal storage mediums, and solar receiver efficiency contribute significantly to market growth.

Concentrated Solar Thermal Market Opportunities:

Opportunities in the concentrated solar thermal market lie in expanding solar thermal capacity and promoting hybrid solar-fossil fuel power generation. Collaboration among solar thermal developers, utilities, and industrial sectors offers significant growth prospects. Moreover, investing in research and development for advanced solar collector designs, cost-effective thermal storage solutions, and innovative CSP applications can unlock new avenues for market expansion. Exploring emerging markets with ample solar resources and promoting the benefits of concentrated solar thermal for reliable and sustainable energy production can further drive market growth and facilitate widespread adoption.

Concentrated Solar Thermal Market Segmentation

Concentrated Solar Thermal systems use mirrors or lenses to concentrate sunlight onto receivers to generate high-temperature heat. This collected heat is then used to produce steam, powering turbines and generating electricity in large-scale solar power plants.

By Storage
• With Storage
• Without Storage

By Technology
• Parabolic Troughs
• Fresnel Systems
• Tower/Heliostat Systems
• Parabolic Dishes

By Capacity
• ≤50 MW
• >50≤100 MW
• >100 MW

By Component
• Power Block
• Solar Field
• Thermal Energy Storage System

Concentrated Solar Thermal Market Companies

• Abengoa S.A.
• Acciona, S.A.
• BrightSource Energy, Inc.
• Directed Vapor Technologies, Inc.
• General Electric Company
• Hitachi, Ltd.
• NextEra Energy Resources, LLC
• Orano Group (formerly Areva
• SCHOTT AG
• Siemens AG
• Solar Energy Industries Association (SEIA)
• Solar Millennium
• SolarReserve, LLC
• TSK Flagsol Engineering GmbH

Reasons to Buy the Concentrated Solar Thermal Market Study

• Deepen your industry insights and navigate uncertainties for strategy formulation, CAPEX, and Operational decisions
• Gain access to detailed insights on the Concentrated Solar Thermal market, encompassing current market size, growth trends, and forecasts till 2030.
• Access detailed competitor analysis, enabling competitive advantage through a thorough understanding of market players, strategies, and potential differentiation opportunities
• Stay ahead of the curve with insights on technological advancements, innovations, and upcoming trends
• Identify lucrative investment avenues and expansion opportunities within the Concentrated Solar Thermal industry, guided by robust, data-backed analysis.
• Understand regional and global markets through country-wise analysis, regional market potential, regulatory nuances, and dynamics
• Execute strategies with confidence and speed through information, analytics, and insights on the industry value chain
• Corporate leaders, strategists, financial experts, shareholders, asset managers, and governmental representatives can make long-term planning scenarios and build an integrated and timely understanding of market dynamics
• Benefit from tailored solutions and expert consultation based on report insights, providing personalized strategies aligned with specific business needs.

TABLE OF CONTENTS

1 INTRODUCTION TO 2024 Concentrated Solar Thermal MARKETS
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Analyzed
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain

2 RESEARCH METHODOLOGY
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations

3 EXECUTIVE SUMMARY
3.1 Global Concentrated Solar Thermal Market Size Outlook, $ Million, 2021 to 2030
3.2 Concentrated Solar Thermal Market Outlook by Type, $ Million, 2021 to 2030
3.3 Concentrated Solar Thermal Market Outlook by Product, $ Million, 2021 to 2030
3.4 Concentrated Solar Thermal Market Outlook by Application, $ Million, 2021 to 2030
3.5 Concentrated Solar Thermal Market Outlook by Key Countries, $ Million, 2021 to 2030

4 MARKET DYNAMICS
4.1 Key Driving Forces of Concentrated Solar Thermal Industry
4.2 Key Market Trends in Concentrated Solar Thermal Industry
4.3 Potential Opportunities in Concentrated Solar Thermal Industry
4.4 Key Challenges in Concentrated Solar Thermal Industry
5 MARKET FACTOR ANALYSIS
5.1 Competitive Landscape
5.1.1 Global Concentrated Solar Thermal Market Share by Company
5.1.2 Product Offerings by Company
5.2 Porter’s Five Forces Analysis

6 GROWTH OUTLOOK ACROSS SCENARIOS
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts

7 GLOBAL Concentrated Solar Thermal MARKET OUTLOOK BY SEGMENTS
7.1 Concentrated Solar Thermal Market Outlook by Segments
Storage
- With Storage
- Without Storage

Technology
- Parabolic Troughs
- Fresnel Systems
- Tower/Heliostat Systems
- Parabolic Dishes

Capacity
- ?50 MW
- >50?100 MW
- >100 MW

Component
- Power Block
- Solar Field
- Thermal Energy Storage System


8 NORTH AMERICA Concentrated Solar Thermal MARKET ANALYSIS AND OUTLOOK TO 2030
8.1 Introduction to North America Concentrated Solar Thermal Markets in 2024
8.2 North America Concentrated Solar Thermal Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Concentrated Solar Thermal Market size Outlook by Segments, 2021-2030
Storage
- With Storage
- Without Storage

Technology
- Parabolic Troughs
- Fresnel Systems
- Tower/Heliostat Systems
- Parabolic Dishes

Capacity
- ?50 MW
- >50?100 MW
- >100 MW

Component
- Power Block
- Solar Field
- Thermal Energy Storage System


9 EUROPE Concentrated Solar Thermal MARKET ANALYSIS AND OUTLOOK TO 2030
9.1 Introduction to Europe Concentrated Solar Thermal Markets in 2024
9.2 Europe Concentrated Solar Thermal Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Concentrated Solar Thermal Market size Outlook by Segments, 2021-2030
Storage
- With Storage
- Without Storage

Technology
- Parabolic Troughs
- Fresnel Systems
- Tower/Heliostat Systems
- Parabolic Dishes

Capacity
- ?50 MW
- >50?100 MW
- >100 MW

Component
- Power Block
- Solar Field
- Thermal Energy Storage System


10 ASIA PACIFIC Concentrated Solar Thermal MARKET ANALYSIS AND OUTLOOK TO 2030
10.1 Introduction to Asia Pacific Concentrated Solar Thermal Markets in 2024
10.2 Asia Pacific Concentrated Solar Thermal Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Concentrated Solar Thermal Market size Outlook by Segments, 2021-2030
Storage
- With Storage
- Without Storage

Technology
- Parabolic Troughs
- Fresnel Systems
- Tower/Heliostat Systems
- Parabolic Dishes

Capacity
- ?50 MW
- >50?100 MW
- >100 MW

Component
- Power Block
- Solar Field
- Thermal Energy Storage System


11 SOUTH AMERICA Concentrated Solar Thermal MARKET ANALYSIS AND OUTLOOK TO 2030
11.1 Introduction to South America Concentrated Solar Thermal Markets in 2024
11.2 South America Concentrated Solar Thermal Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Concentrated Solar Thermal Market size Outlook by Segments, 2021-2030
Storage
- With Storage
- Without Storage

Technology
- Parabolic Troughs
- Fresnel Systems
- Tower/Heliostat Systems
- Parabolic Dishes

Capacity
- ?50 MW
- >50?100 MW
- >100 MW

Component
- Power Block
- Solar Field
- Thermal Energy Storage System


12 MIDDLE EAST AND AFRICA Concentrated Solar Thermal MARKET ANALYSIS AND OUTLOOK TO 2030
12.1 Introduction to Middle East and Africa Concentrated Solar Thermal Markets in 2024
12.2 Middle East and Africa Concentrated Solar Thermal Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Concentrated Solar Thermal Market size Outlook by Segments, 2021-2030
Storage
- With Storage
- Without Storage

Technology
- Parabolic Troughs
- Fresnel Systems
- Tower/Heliostat Systems
- Parabolic Dishes

Capacity
- ?50 MW
- >50?100 MW
- >100 MW

Component
- Power Block
- Solar Field
- Thermal Energy Storage System


13 COMPANY PROFILES
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
List of Companies
- Abengoa S.A.
- Acciona, S.A.
- BrightSource Energy, Inc.
- Directed Vapor Technologies, Inc.
- General Electric Company
- Hitachi, Ltd.
- NextEra Energy Resources, LLC
- Orano Group (formerly Areva
- SCHOTT AG
- Siemens AG
- Solar Energy Industries Association (SEIA)
- Solar Millennium
- SolarReserve, LLC
- TSK Flagsol Engineering GmbH


14 APPENDIX
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise

By Storage
• With Storage
• Without Storage

By Technology
• Parabolic Troughs
• Fresnel Systems
• Tower/Heliostat Systems
• Parabolic Dishes

By Capacity
• ≤50 MW
• >50≤100 MW
• >100 MW

By Component
• Power Block
• Solar Field
• Thermal Energy Storage System