Systems produce solar energy by focusing a lot of sunlight into a receiver using mirrors or lenses. When concentrated light is transformed into heat (solar thermal energy), which powers a heat engine typically a steam turbine connected to an electrical power generator, electricity is produced. or initiates a thermochemical reaction.

Market Overview

CSP is a solar power generation technique that uses mirrors to reflect and concentrate sunlight onto receivers. The technique is gaining traction in the global market for concentrating solar power. CSP technology could capture solar energy, transform it into thermal energy for power generation, and then store it to provide electricity as needed. As a result, CSP systems could be employed as a flexible electricity provider or as a base load source of electricity.

Key features of the study:

• This report provides in-depth analysis of the global concentrated solar power market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global concentrated solar power market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Siemens AG, Genarl Electric, Abengoa, Acciona S.A., Atlantica Yield plc., Suntrace GmbH, BrightSource Energy, Inc., SolarReserve, LLC., ACWA Power, Frenell GmbH
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global concentrated solar power market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global concentrated solar power market

Detailed Segmentation:

• Global Concentrated Solar Power Market, By Technology
  • Parabolic Trough
  • Solar Power Trough
  • Fresnel Reflectors
  • Dish Stirling
• Global Concentrated Solar Power Market, By End User Industry
  • Residential
  • Commercial
  • Industrial
• Global Concentrated Solar Power Market, By Region
  • North America
  • Europe
  • Asia Pacific
  • MEA
• Company Profiles
  • Siemens AG
  • Genarl Electric
  • Abengoa
  • Acciona S.A.
  • Atlantica Yield plc.
  • Suntrace GmbH
  • BrightSource Energy, Inc.
  • SolarReserve, LLC.
  • ACWA Power
  • Frenell GmbH