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Published Date: 2014-07-31Number of Pages: 90

Concentrated Solar Power Market for product segment (Parabolic Trough, Tower, Fresnel and Dish Sterling) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020

Concentrated Solar Power Market: Snapshot

The global concentrated solar power (CSP) market holds a huge opportunity to rise owing to the increasing implementation of heat storage systems as well as hybridization of concentrated solar power plants with traditional thermal plants. CSP technology is said to be immensely capital intensive in nature and it can be deployed at commercial scale without the requirement of support from financial and governmental institutions. The prominent players operating in the global CSP market are continuously flourishing due to the constantly rising energy demand and the growing concerns about clean energy within developing nations.

The global CSP market stood at US$2.51 bn in 2013 and is poised to touch US$8.67 bn by 2020. The market is predicted to rise at a whopping 20.30% CAGR between 2014 and 2020. Factors such as the increasing awareness regarding global warming and the growing greenhouse gas emissions are driving the overall market for CSP. In addition, the increasing prices of traditional energy sources and the growing concerns on future supply of energy will further augment the development of the market for concentrated solar power. Furthermore, the incentives and support provided by government globally will further provide impetus to the development of the market in the coming years. Contrariwise, the soaring cost of electricity generation may come up as a roadblock in the growth of the global concentrated solar power market.

Parabolic Trough to Lead Concentrated Solar Power Market till 2020

In terms of product, the report segments the global CSP market into dish stirling, linear freshnel, solar tower, and parabolic trough. Of these, parabolic trough is the most matured technology in the market and is extensively utilized at commercial level for the generation of power. This technology held a leading position in the market in 2013 and is poised to rise at the swiftest growth rate between 2014 and 2020. The segment of tower and fresnel trailed parabolic trough, respectively. Of these, the tower technology is expanding at an exponential rate owing to the integration of technology with traditional thermal power plants, while the technology of dish sterling is employed for pilot projects and demonstration.

Europe Emerged as the Most Dominant Region in Global Concentrated Solar Power Market

On the basis of geography, the market is categorized into Europe, North America, Asia Pacific, and Rest of the World (RoW). Of these, on the basis of CSP installed capacity, Europe came up as the top producer of power globally within the CSP technology and the production in this region is predicted to expand in the coming years. Although, due to the economic slowdown within Europe, this growth of the market in Europe has experienced a gradual degradation within the installation process, still the growth of the market in this region will rise from 2014 to 2020. North America and Asia Pacific trail Europe in terms of production. On the other hand, the concentrated solar power (CSP) market is also predicted to grow in Asia Pacific in the coming years. The prime players within the market are focusing on investing within Asia Pacific and North America concentrated solar power markets.

The chief players dominant in the market are Concentrated Solar Power market include Abengoa Solar S.A., Ibereolica Group, GDF SUEZ, NextEra Energy Resources, LLC., and BrightSource Energy, Inc.

 

Chapter 1 Preface

1.1 Report Description

1.2 Research Scope

1.3 Market Segmentation

1.4 Research Methodology

 

Chapter 2 Executive Summary

 

Chapter 3 Market Overview

3.1 Introduction

3.2 Market Drivers

      3.2.1 Rising global warming awareness coupled with increasing greenhouse gas emissions

      3.2.2 Rising prices of conventional energy

      3.2.3 Concerns over future energy supply

      3.2.4 Governmental support and incentives

3.3 Market Restraints

      3.3.1 High cost of electricity generation

      3.3.2 Nascent technology

3.4 Market Opportunities

      3.4.1 Adoption of heat storage systems

      3.4.2 Hybridization of CSP plants with conventional thermal plants

3.5 Value Chain Analysis

3.6 Porter’s Five Forces Analysis

      3.6.1 Bargaining power of suppliers

      3.6.2 Bargaining power of buyers

      3.6.3 Threat of substitutes

      3.6.4 Threat of new entrants

      3.6.5 Degree of competition

3.7 Market attractiveness analysis of concentrated solar power market, by product segment, 2014

3.8 Company market share analysis

      3.8.1 Company market share analysis for concentrated solar power, 2012

 

Chapter 4 Concentrated Solar Power Market - Product Segment Analysis

4.1 Concentrated solar power market: Product Segment Overview

      4.1.1 Concentrated solar power market, volume share by product segment, 2013 and 2020

4.2 Parabolic Trough

      4.2.1 Global parabolic trough market estimates and forecast, 2012 – 2020,  (MW),(USD Million)

4.3 Solar Tower

      4.3.1 Global solar tower estimates and forecast, 2012 – 2020 (MW), (USD Million)

4.4 Linear Fresnel

      4.4.1 Global linear fresnel estimates and forecast, 2012 – 2020, (MW), (USD Million)

4.5 Dish Stirling

      4.5.1 Global dish sterling estimates and forecast, 2012 – 2020, (MW), (USD Million)

 

Chapter 5 Concentrated Solar Power Market - Regional Analysis

5.1 Concentrated solar power market: Regional overview

      5.1.1 Global concentrated solar power market volume share by product segment, 2013 and 2020

5.2 North America

      5.2.1 North America concentrated solar power market estimates and forecast, 2012 – 2020 (MW),(USD Million)

      5.2.2 North America concentrated solar power market estimate and forecast, by product, 2012 – 2020, (MW),(USD Million)

5.3 Europe

      5.3.1 Europe concentrated solar power market estimates and forecast, 2012 – 2020 (MW),(USD Million)

      5.3.2 Europe concentrated solar power market estimate and forecast, by product, 2012– 2020, (MW), (USD Million)

5.4 Asia Pacific

      5.4.1 Asia Pacific concentrated solar power market estimates and forecast, 2012 – 2020 (MW),(USD Million)

      5.4.2 Asia Pacific concentrated solar power market estimate and forecast, by product, 2012– 2020, (MW), (USD Million)

5.5 Rest of the World (RoW)

      5.5.1 RoW concentrated solar power market estimates and forecast, 2012 – 2019 (MW), (USD Million)

      5.5.2 RoW concentrated solar power market estimate and forecast, by product, 2012– 2020, (MW), (USD Million)

 

Chapter 6 Company Profiles

6.1 Abengoa Solar, S.A.

      6.1.1 Company overview

      6.1.2 Product Portfolio

      6.1.3 Financial overview

      6.1.4 Business strategy

      6.1.5 SWOT analysis

      6.1.6 Recent developments

6.2 Areva Solar

      6.2.1 Company overview

      6.2.2 Business strategy

      6.2.3 SWOT analysis

      6.2.4 Recent developments

6.3 eSolar, Inc

      6.3.1 Company overview

      6.3.2 Product Portfolio

      6.3.3 Business strategy

      6.3.4 SWOT analysis

      6.3.5 Recent developments

6.4 SkyFuel, Inc.

      6.4.1 Company overview

      6.4.2 Product Portfolio

      6.4.3 Business strategy

      6.4.4 SWOT analysis

      6.4.5 Recent developments

6.5 Acciona S.A.

      6.5.1 Company overview

      6.5.2 Product Portfolio

      6.5.3 Business strategy

      6.5.4 SWOT analysis

      6.5.5 Recent developments

6.6 BrightSource Energy, Inc.

      6.6.1 Company overview

      6.6.2 Product Portfolio

      6.6.3 SWOT analysis

      6.6.4 Business strategy

      6.6.5 Recent developments

6.7 Solar Millennium AG

      6.7.1 Company overview

      6.7.2 Product Portfolio

      6.7.3 SWOT analysis

      6.7.4 Business strategy

6.8 SolarReserve, LLC

      6.8.1 Company overview

      6.8.2 Product Portfolio

      6.8.3 SWOT analysis

      6.8.4 Business strategy

      6.8.5 Recent developments

6.9 TSK Flagsol

      6.9.1 Company overview

      6.9.2 Product Portfolio

      6.9.3 SWOT analysis

      6.9.4 Business strategy

6.10 SCHOTT Solar AG

      6.10.1 Company overview

      6.10.2 Product Portfolio

      6.10.3 Business strategies

      6.10.4 SWOT analysis

      6.10.5 Recent developments

6.11 Ibereolica Group

      6.11.1 Company overview

      6.11.2 Product Portfolio

      6.11.3 Business strategies

      6.11.4 SWOT analysis

6.12 GDF SUEZ

      6.12.1 Company overview

      6.12.2 Product Portfolio

      6.12.3 Business strategies

      6.12.4 SWOT analysis

      6.12.5 Recent developments

6.13 NextEra Energy Resources, LLC.

      6.13.1 Company overview

      6.13.2 Product Portfolio

      6.13.3 Business strategies

      6.13.4 SWOT analysis

      6.13.5 Recent developments

List of Figures 

 

FIG. 1 Global concentrated solar power: Market segmentation

FIG. 2 Global concentrated solar market volume and revenue, 2012 - 2020 (MW) (USD Million)

FIG. 3 Carbon dioxide concentration (Parts per million ppm)

FIG. 4 Crude oil cost USD/Barrel

FIG. 5 Natural gas cost USD/MMBTU

FIG. 6 Global energy gross generation (TWh)

FIG. 7 Cost of electricity generated, USD/MW

FIG. 8 Value Chain Analysis of concentrated solar power 

FIG. 9 Porter’s five forces analysis

FIG. 10 Market attractiveness analysis of concentrated solar power market, by product segment, 2014

FIG. 11 Company market share of concentrated solar power market, 2012

FIG. 12 Global concentrated solar power market, volume share by product segment, 2013 and 2020

FIG. 13 Global parabolic trough market volume, 2012 - 2020 (MW), (USD Million)

FIG. 14 Global Solar Tower market volume, 2012 - 2020 (MW),(USD Million)

FIG. 15 Global linear fresnel market volume, 2012 - 2020 (MW),(USD Million)

FIG. 16 Global dish sterling market volume, 2012 - 2020 (MW),(USD Million)

FIG. 17 Global concentrated solar power market volume share by product segment, 2013 and 2020

FIG. 18 North America concentrated solar power market volume and revenue, 2012 - 2020 (MW), (USD Million)

FIG. 19 Europe concentrated solar power market volume and revenue, 2012 - 2020 (MW), (USD Million)

FIG. 20 Asia Pacific concentrated solar power market volume and revenue, 2012 - 2020 (MW), (USD Million)

FIG. 21 RoW concentrated solar power market, 2012 - 2020 (MW), (USD Million)

List of Tables

 

TABLE 1 Drivers of the global concentrated solar power market: Impact Analysis

TABLE 2 Restraints for concentrated solar power market: Impact Analysis

TABLE 3 Opportunities for the concentrated solar power market: Impact Analysis

TABLE 4 North America concentrated solar power market revenue and forecast, by product segment, 2012 - 2020 (MW) 

TABLE 5 North America concentrated solar power market revenue and forecast, by product segment, 2012 - 2020 (USD Million) 

TABLE 6 Europe concentrated solar power market revenue and forecast, by product segment, 2012 - 2020 (MW) 

TABLE 7 Europe concentrated solar power market revenue and forecast, by product segment, 2012 - 2020 (USD Million) 

TABLE 8 Asia Pacific concentrated solar power market revenue and forecast, by product segment, 2012 - 2020 (MW) 

TABLE 9 Asia Pacific concentrated solar power market revenue and forecast, by product segment, 2012 - 2020 (USD Million) 

TABLE 10 RoW concentrated solar power market revenue and forecast, by product segment, 2012 - 2020 (MW) 

TABLE 11 RoW concentrated solar power market revenue and forecast, by product segment, 2012 - 2020 (USD Million)

 

This research study analyzes the market size of Concentrated Solar Power, in terms of volume (MW installed) and revenue (USD million). CSP market has been segmented on the basis of technology and geography, in order to provide a holistic view of the market. Market data for all segments has been provided on a regional level for the period 2014 to 2020. A comprehensive competitive landscape including company market share analysis has also been provided in this report. In market share analysis, major players of the CSP market are included from the different geographical locations.

 

Key product market segments estimated in this study include Parabolic Trough, Tower, Fresnel and Dish Sterling. Regional data has been provided for North America, Europe, Asia Pacific, and Rest of World (RoW). Parabolic Troughs is the dominating technology among all for power generation at commercial level. This report provides a detailed study of the installed capacity of all the CSP technologies in the North America, Europe, Asia Pacific and Rest of the World. Europe is the leading region in terms of installed capacity followed by North America. The governments in the European region are providing incentives and rebates for attracting investors to invest in the market. The European crisis is expected to negatively affect the growth of CSP market. In the North American region, the U.S is expected to become the leading player in the CSP market. The U.S government is focused on reducing their greenhouse gases emission and is investing in the research and development of alternate sources of energy.  All the major drivers, restraints and opportunities affecting the CSP market growth has also been provided in the report.

 

This research is designed to estimate, analyze and forecast the market volume (MW installed) and revenue (USD Million) for the concentrated solar power market. This report provides in-depth analysis of the overall market size of the concentrated solar power market. The base line for the report has been taken as 2013, while all the forecasts are carried out for period of 2014-2020. The report focuses on the dominating technological segments of the concentrated solar power market. The market for the concentrated solar power is further segmented on the basis of geographical locations as North America, Europe, Asia-Pacific and Rest of World. The report primarily focuses on the CSP project developer and the end utility as they act as an integral part of the value chain. The company market share provided in the report focuses on the market share of concentrated solar power equipment manufacturer as well as the project developer.

 

This report also includes Porter’s five forces model, value chain analysis, and market attractiveness analysis by end-users. Porter’s five forces model has been used to analyze the buyer’s power, supplier’s power, overall attractiveness in market and level of competition within the industry. Value chain analysis includes the entire process of installing a CSP plant from raw material to furnished product. These have been included with respect to the raw material provider, manufacturer, developer and suppliers. Drivers, restraints and opportunities of the CSP market have been mostly identified and are subjected to region wise variation. On the worldwide scale only the major drivers and restraints have been included. The market attractiveness study has been conducted on regional level. The study has been justified using different factor that play a major role in understanding the overall attractiveness of the market.

 

Some of the key market participants that deal in Concentrated Solar Power market include Abengoa Solar S.A., Ibereolica Group, GDF SUEZ, NextEra Energy Resources, LLC. and BrightSource Energy, Inc. The report provides an overview of these companies followed by their business overview, business strategies, SWOT analysis and recent developments.

 

The research provides detailed analysis of companies dealing in concentrated solar power trend analysis and demand forecast by geography. The value chain for concentrated solar power study encompasses all the stages of setting up the systems and its applications. 

The study presents a comprehensive assessment of the stakeholder strategies, winning imperatives for them by segmenting the concentrated solar power market as below:

Global Concentrated Solar Power Market: Product Segment

  • Parabolic Trough
  • Solar Tower
  • Linear Fresnel
  • Dish Stirling

Global Concentrated Solar Power Market: Regional Segment

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World (RoW)


 
 
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