Global Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) Market Growth 2019-2024
Molten Salt Solar Energy Thermal Storage refers to a kind of thermal energy storage method, which is widely used in the CSP system.
Concentrated Solar Power (CSP) (also called concentrating solar power, concentrated solar thermal, and CSP) systems generate solar power by using mirrors or lenses to concentrate a large area of sunlight, or solar thermal energy, onto a small area. Electricity is generated when the concentrated light is converted to heat, which drives a heat engine (usually a steam turbine) connected to an electrical power generator or powers a thermochemical reaction.
Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) is in its infancy in terms of deployment compared to the other renewable power generation technologies, with 995 MW of CSP installed worldwide in 2016
The current CSP market is dominated by parabolic trough around 82.61% of installed capacity in 2016, and will increase to 2505 MW in 2022.
The cost of the CSP systems construction will decrease from 3.50 USD/W in 2016 to 2.53 USD/W in 2022, which will depend on the rate of growth in CSP deployment.
According to this study, over the next five years the Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) market will register a 24.4% CAGR in terms of revenue, the global market size will reach US$ 11900 million by 2024, from US$ 3220 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) market by product type, application, key manufacturers and key regions and countries.
This study considers the Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Parabolic Trough Systems
Power Tower Systems
Dish/Engine Systems
Others
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Generate Electricity
Industrial Heating
Other
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
BrightSource Energy
Abengoa
Areva
Acciona
ESolar
SolarReserve
Wilson Solarpower
Novatec
Shams Power
ACWA
SUPCON
Thai Solar Energy
Sunhome
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) market by identifying its various subsegments.
Focuses on the key global Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Concentrated Solar Power (CSP) (also called concentrating solar power, concentrated solar thermal, and CSP) systems generate solar power by using mirrors or lenses to concentrate a large area of sunlight, or solar thermal energy, onto a small area. Electricity is generated when the concentrated light is converted to heat, which drives a heat engine (usually a steam turbine) connected to an electrical power generator or powers a thermochemical reaction.
Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) is in its infancy in terms of deployment compared to the other renewable power generation technologies, with 995 MW of CSP installed worldwide in 2016
The current CSP market is dominated by parabolic trough around 82.61% of installed capacity in 2016, and will increase to 2505 MW in 2022.
The cost of the CSP systems construction will decrease from 3.50 USD/W in 2016 to 2.53 USD/W in 2022, which will depend on the rate of growth in CSP deployment.
According to this study, over the next five years the Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) market will register a 24.4% CAGR in terms of revenue, the global market size will reach US$ 11900 million by 2024, from US$ 3220 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) market by product type, application, key manufacturers and key regions and countries.
This study considers the Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Parabolic Trough Systems
Power Tower Systems
Dish/Engine Systems
Others
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Generate Electricity
Industrial Heating
Other
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
BrightSource Energy
Abengoa
Areva
Acciona
ESolar
SolarReserve
Wilson Solarpower
Novatec
Shams Power
ACWA
SUPCON
Thai Solar Energy
Sunhome
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) market by identifying its various subsegments.
Focuses on the key global Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power (CSP) submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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