Asia Pacific concentrated solar power market size to grow substantially during 2021-2027

The ‘Asia Pacific concentrated solar power market’ report provides a complete dissection of this business sphere, while emphasizing on the drivers that will stimulate market growth during 2021 to 2027.

Selbyville, Delaware, May 18, 2021 (GLOBE NEWSWIRE) — According to seasoned analysts, Asia Pacific concentrated solar power market size is estimated to grow at a healthy rate during the forecast period 2021-2027. Research findings state that large scale grid integration of renewable sources coupled with growing emphasis on sustainable development are stimulating the industry growth.

The report splits the market into various segments on the basis of capacity, storage type, and technology gamut. Furthermore, it also comprises of an in-depth study along with revenue and growth rate forecasts of the business vertical across the key geographies, namely, China, India, and Australia. Additionally, the impact of the Covid-19 pandemic and the maneuvers applied by leading players to cope with the sudden shifts in market trends are also included in the report.

Furthermore, increased interest of energy generation companies in solar power generation, growing investments aimed at carbon emission reduction, and government initiatives promoting the use of green energy plants are enhancing the industry outlook.

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Elaborating on the latest developments, the inevitable impact of the COVID-19 pandemic has been mainly observed in the supply chain, as well as production schedules. However, the growth of the construction industry is projected to sway stakeholder opinions in favor of the Asia Pacific concentrated solar power market.

Apart from the aforementioned factors, adoption of advanced technologies such as two-axis tracking that is capable of amplifying operational efficiency and reducing longer production time is expected to enhance the industry growth.

Market fragmentation overview:

Based on technology gamut, the market is classified into parabolic trough, power tower and linear fresnel reflector. Power technology based concentrated solar power is anticipated to record demand owing to its sophisticated attributes such as its innate ability to secure high thermal energy storage and greater operating temperatures.

By capacity, the industry is categorized into <50 MW, 50-100MW, and >100 MW capacity variants. Concentrated solar power plants with greater than100 MW capacity are anticipated to see significant demand during the forecast period, creditable to increased investments by industry players who prefer large capacity power plants for the production of high temperature steam, electricity as well as heat storage technology.

Moving on to storage type, Asia Pacific concentrated solar power market is split into with storage and without storage segments. Concentrated solar power plants with storage are anticipated to witness a remarkable demand, due to lower levelized cost of electricity and high capacity utilization factor.

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Geographical Scope:

China is anticipated to account for a substantial portion of Asia Pacific concentrated solar power market share during the forecast period. The growth can largely be credited to rising investments in sustainable development by major players as well as new entrants.

Asia Pacific Concentrated Solar Power Market, by Technology Gamut (Revenue, USD, 2017-2027)

  • Parabolic Trough

  • Power Tower

  • Linear Fresnel Reflector

Asia Pacific Concentrated Solar Power Market, by Capacity (Revenue, USD, 2017-2027)

  • Less than 50 MW

  • 50 to 100 MW

  • Greater than 100 MW

Asia Pacific Concentrated Solar Power Market, by Storage Type (Revenue, USD, 2017-2027)

  • With Storage

  • Without Storage

Asia Pacific Concentrated Solar Power Market, by Geographical Terrain (Revenue, USD, 2017-2027)

Asia Pacific Concentrated Solar Power Market, By Competitive Scope (Revenue, USD, 2017-2027)

  • Abengoa Solar

  • TSK Flagsol Engineering GmbH

  • Acciona, S.A.

  • GE Renewable Energy

  • Enel Green Power S.p.A.

  • Suntrace GmbH

  • Shams Power Systems Pvt. Ltd.

  • BrightSource Energy, Inc.

  • Eastman Chemical Company

  • Chiyoda Corp.

Table of Content:

Chapter 1 Methodology & Scope

1.1 Research methodology

1.2 List of data sources

1.2.1 Primary

1.2.2 Secondary

Chapter 2 Market Snapshot

2.1 Asia Pacific concentrated solar power market snapshot

Chapter 3 Asia Pacific Concentrated Solar Power Market Trends

3.1 Industry coverage

3.2 Industry size & forecast, 2017 – 2027

3.3 Value chain analysis

3.3.1 Company product snapshot

3.4 Innovation landscape

3.5 COVID-19 impact on the industry outlook

3.6 Regulatory norms & directives

3.7 Drivers & restraints

3.7.1 Market drivers

3.7.2 Market restraints

3.8 Industry analysis – Porter’s

Chapter 4 Asia Pacific Concentrated Solar Power Market, By Technology (MW) (USD)

4.1 Asia Pacific concentrated solar power market share by technology, 2020 – 2027

4.2 Parabolic trough

4.2.1 Market estimates and forecast, 2017 – 2027

4.2.2 Market estimates and forecast, by country, 2017 – 2027

4.3 Linear fresnel reflector

4.3.1 Market estimates and forecast, 2017 – 2027

4.3.2 Market estimates and forecast, by country, 2017 – 2027

4.4 Power tower

4.4.1 Market estimates and forecast, 2017 – 2027

4.4.2 Market estimates and forecast, by country, 2017 – 2027

Chapter 5 Asia Pacific Concentrated Solar Power Market, By Capacity (MW) (USD)

5.1 Asia Pacific concentrated solar power market share by capacity, 2020 – 2027

5.2 ??? 50 MW

5.2.1 Market estimates and forecast, 2017 – 2027

5.2.2 Market estimates and forecast, by country, 2017 – 2027

5.3 > 50 MW to ??? 100 MW

5.3.1 Market estimates and forecast, 2017 – 2027

5.3.2 Market estimates and forecast, by country, 2017 – 2027

5.4 > 100 MW

5.4.1 Market estimates and forecast, 2017 – 2027

5.4.2 Market estimates and forecast, by country, 2017 – 2027

Chapter 6 Asia Pacific Concentrated Solar Power Market, By Storage (MW) (USD)

6.1 Asia Pacific concentrated solar power market share by storage, 2020 – 2027

6.2 With storage

6.2.1 Market estimates and forecast, 2017 – 2027

6.2.2 Market estimates and forecast, by country, 2017 – 2027

6.3 Without storage

6.3.1 Market estimates and forecast, 2017 – 2027

6.3.2 Market estimates and forecast, by country, 2017 – 2027

Chapter 7 Asia Pacific Concentrated Solar Power Market, By Country (MW) (USD)

7.1 Asia Pacific concentrated solar power market share by country, 2020 – 2027

7.2 China

7.3 India

7.4 Australia

Chapter 8 Competitive Landscape

Related Report:

Concentrated Solar Power Market Size, Industry Analysis Report, Country Outlook, Price Trends, Competitive Market Share & Forecast, 2021 – 2027

The concentrated solar power market size is set to witness promising growth over the forthcoming time period due to increasing demand for energy, large scale solar integration, and for generating electricity. CSP or concentrated solar power technologies generally utilizes mirrors to focus more on the sun’s light energy, converting it into heat to make steam. This steam is then used to drive a turbine generating electrical power. This technology mainly used focused or concentrated sunlight.

The plants comprise of two parts, one that gathers solar energy and converts it into heat and the other which converts the heat energy into essential electricity. Concentrated solar power technology is specifically used to store solar power so that it could be efficiently used during the times of need such as on cloudy days or in the hours before sunrise or after sunset.

The Department of Energy Solar Energy Technologies Office, U.S. supports concentrated solar power R&D projects that work to enhance the performance, cut cost, as well as enhance the lifetime and reliability of components, materials, subsystems, and integrated solutions for CSP technologies.

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