About Concentrating Solar Collectors
Concentrating Solar Collectors are used to collect the electricity and energy. It is basically used to generate electricity from Sunlight for various purposes .the obtained energy also used for heating fluid, mainly water or oil, which in turn produces steam or hot air that is conditioning purpose. Concentrated solar power energy is a carbon-free source of electricity but the manufacturing process may cause extra pollution. The investment cost is low but the installation cost is high.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 12.3% |
The renewable resources are on a hike in the market as it is one of the alternatives for electricity. The leading manufacturers increasing competition due to new products, many new entrants in manufacturing are rising due to need in the market for solar cell /panels. There is perfect competition between top firms and local firms. There is also an option of merging and acquisitions to increase production and earn more profit. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
GE Energy (United States), Abengoa Solar (Spain), Aalborg CSP (Denmark), ACWA Power (Saudi Arabia), BrightSource Energy, Inc. (United States), eSolar Inc (United States), Acciona (Spain), SolarReserve (United States), Suntrace (Germany), SCHOTT (Germany), Frenell GMBH (Germany) and Siemens (Germany) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Concentrating Solar Collectors market by Type (Flat Plate Collector, Evacuated Tube Collector, Solar Air Collector and Other), Application (Heating and cooling and Generation of Electricity) and Region.
On the basis of geography, the market of Concentrating Solar Collectors has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. Parabolic Trough will boost the Concentrating Solar Collectors market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Solar Field will boost the Concentrating Solar Collectors market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Residential will boost the Concentrating Solar Collectors market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Use As It Enable Power Generation Even After Sunset And During Cloud Cover Atmosphere
Market Growth Drivers:
Growing Use As It Facilitates Higher Efficiencies With Lower Investment Costs
Challenges:
Installation Costs Are High and Disadvantages Like Manufacturing Processes Often Create Pollution
Restraints:
Requirement Of Large Space
Opportunities:
Highly Recommended As It Provides Thermal Storage Capacity
Market Leaders and their expansionary development strategies
In January 2022, Soitec, a French solar energy company, announced a partnership with Heliogen, a developer of concentrated solar power (CSP) technology, to develop and commercialize CSP systems for industrial applications.
In October 2022, Shanghai Electric, a Chinese power equipment manufacturer, unveiled its Heliostor 150 CSP system, which is designed for smaller-scale applications.
Key Target Audience
Manufacturers, Concentrating solar power solution providers, Thermal Energy storage manufacturers, Regional renewable energy associations, Government organizations and research institutions, Consulting companies in the energy & solar sector, Solar and wind energy associations and Environmental associations
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.