Global Concentrated Solar Power Market Size & Outlook
Global concentrated solar power market, 2016-2027 (US$M)
Related Markets
Global concentrated solar power market highlights
- The global concentrated solar power market generated a revenue of USD 4,527.3 million in 2019 and is expected to reach USD 9,490.4 million by 2027.
- The market is expected to grow at a CAGR (2020 - 2027) of 9.7% by 2027.
- In terms of segment, parabolic trough accounted for a revenue of USD 3,839.7 million in 2019.
- Dish is the most lucrative technology segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2019.
- Country-wise, U.S. is expected to register the highest CAGR from 2020 to 2027.
Global data book summary
| Market revenue in 2019 | USD 4,527.3 million |
| Market revenue in 2027 | USD 9,490.4 million |
| Growth rate | 9.7% (CAGR from 2019 to 2027) |
| Largest segment | Parabolic trough |
| Fastest growing segment | Dish |
| Historical data covered | 2016 - 2018 |
| Base year for estimation | 2019 |
| Forecast period covered | 2020 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Parabolic Trough, Linear Fresnel, Dish, Power Tower |
Other key industry trends
- In terms of revenue, the North America accounted for 20.1% of the global concentrated solar power market in 2019.
- By country, the China is projected to lead the global market in terms of revenue in 2027.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 1,052.2 million by 2027.
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Concentrated Solar Power Market Scope
Concentrated Solar Power Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global concentrated solar power market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to concentrated solar power market will help companies and investors design strategic landscapes.
Parabolic trough was the largest segment with a revenue share of 84.81% in 2019. Horizon Databook has segmented the Global concentrated solar power market based on parabolic trough, linear fresnel, dish, power tower covering the revenue growth of each sub-segment from 2016 to 2027.
- Global Concentrated Solar Power Technology Outlook (Revenue, USD Million, 2016-2027)
- Parabolic Trough
- Linear Fresnel
- Dish
- Power Tower
- Global Concentrated Solar Power Application Outlook (Revenue, USD Million, 2016-2027)
- Utilities
- EOR
- Desalination
- Others
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Our clientele includes a mix of concentrated solar power market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global concentrated solar power market , including forecasts for subscribers. This global databook contains high-level insights into Global concentrated solar power market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Global concentrated solar power market size, by region, 2016-2027 (US$M)
Top 10 countries: Concentrated solar power market size, 2019 (US$M)
Global concentrated solar power market share, by technology, 2019 & 2027 (%, US$M)
Concentrated solar power market: Opportunity assessment by country
Global concentrated solar power market, by region, 2019 (US$M)
| Technology | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 452.7 | 773.7 | 827.1 | 910.4 | 1,414.7 | 1,523.9 | 1,522.9 | 1,504.1 | 2,346.2 | 2,433.9 | 1,697.9 | 1,052.2 | 1.8% |
| Europe | 135.7 | 265.6 | 325.6 | 404.7 | 697.2 | 812.2 | 906.6 | 965.1 | 1,630.1 | 1,833.8 | 1,993.3 | 1,359.7 | 16.4% |
| Asia Pacific | 608.9 | 1,748.0 | 1,882.7 | 1,937.0 | 1,227.0 | 1,081.4 | 1,086.2 | 1,084.5 | 1,721.4 | 1,826.3 | 2,056.2 | 3,209.5 | 6.5% |
| Latin America | 453.1 | 519.2 | 644.3 | 817.8 | 1,476.3 | 1,847.5 | 2,157.2 | 2,491.0 | 1,414.0 | 1,810.4 | 2,160.9 | 2,619.2 | 15.7% |
| MEA | 1,388.3 | 419.4 | 430.8 | 457.5 | 687.8 | 717.7 | 696.1 | 668.4 | 1,018.8 | 1,030.0 | 1,128.8 | 1,249.8 | 13.4% |
| Overall | 3,038.7 | 3,725.8 | 4,110.4 | 4,527.3 | 5,503.0 | 5,982.5 | 6,368.9 | 6,713.1 | 8,130.4 | 8,934.4 | 9,037.1 | 9,490.4 | 9.7% |
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