Top Companies in Concentrated Solar Power Market | Top Players In-depth Analysis, Research Report by Vantage Market Research | Market Size & Share, Supply-Demand Gap, Market Outlook
CSP stands for Concentrated Solar Power, which is a sustainable energy source that uses sunlight to generate electricity. It is also known as solar thermal power since it uses sunlight to generate steam and drive a turbine.
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The Global Concentrated Solar Power Market is valued at USD 4.71 Billion in the year 2021 and is expected to reach a value of USD 8.04 Billion by the year 2028. The Global Market is anticipated to grow to exhibit a Compound Annual Growth Rate (CAGR) of 9.3% over the forecast period. Concentrated Solar energy is also known as Concentrated Solar thermal. The process of generating energy through a mirror or lens to focus a large area of sunlight on the receiver is called solar energy. The energy produced by this process is usually applied to various materials such as heating liquid, water, or oil, which in turn produce steam or hot air. In addition, solar power is used to drive wind turbines connected to generators to generate electricity. Thus, Concentrated Solar energy is a carbon-free source and is best suited to high-energy regions such as southern Europe, North Africa, the Middle East, South Africa, parts of India, China, the Southern U.S., and Australia. Increased government support for the adoption of renewable energy technologies coupled with increased demand for energy and energy supply without CO2 emissions is driving the market growth. In addition, an increase in carbon emissions based on carbon emissions leads to a reduction in air pollution and an increase in global warming awareness.
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Some of the key players operating in the Concentrated Solar Power Market are listed below:
|
Company Name |
Revenue in the US |
|
$1 Billion |
|
$8 Billion |
|
$1 Billion |
|
$1 Billion |
|
$82 Million |
|
<$5 Million |
|
$74 Billion |
|
$70 Billion |
|
$8 Million |
|
$50 Million |
Abengoa, S.A. is a Spanish multinational company in the green infrastructure, energy, and water sectors. The company was founded in 1941 by Javier Benjumea Puigcerver and José Manuel Abaurre Fernández-Pasalagua and is based in Seville, Spain. Its current chairman is Gonzalo Urquijo Fernández de Araoz. Abengoa has 20,250 employees and an annual revenue of $1.8B.
The company was founded in 1997 through the merger of Entrecanales, Tavora, and Cubiertas, MZOV. The company's headquarters is in Alcobendas, Community of Marid, Spain. The company's U.S. operations are headquartered in Chicago, Illinois. The Company employs 30,000 professionals, and it is to be found in 30 countries on five continents. The company is IBEX35- listed and an industry benchmark.
ACWA Power was incorporated in 2004 and is located in Riyadh, Saudi Arabia. The company specializes in Power, and Water with an estimated revenue of $1 to $5 million and employee in the range of 1001-5000 respectively. Acwa Power headquarters is located at Exit 8, near SABIC, KKI، Airport Road, Qurtubah, Riyadh.
Atlantica Sustainable Infrastructure Plc is a public company that has been in the industry for 84 years. The company currently specializes in the Renewables & Environment area. Its headquarters is located at Westhampton Beach, New York, USA. The number of employees ranges from 1 to 25. The annual revenue of Atlantica Sustainable Infrastructure Plc varies between 1.0B and 5.0B.
BrightSource Energy, Inc. is an Oakland, California-based, corporation that designs, builds, finances, and operates utility-scale solar power plants. BrightSource Energy is an alternative energy company that designs, develops, and deploys concentrating solar thermal technology to produce high-value steam for electric power, petroleum, and industrial-process markets worldwide.
Established in 1940 and headquartered in Yorkshire, United Kingdom, Premier Farnell distributes technology products and solutions for electronic system design, production, maintenance, and repair. FRENELL delivers proven, cost-efficient Concentrated Solar Power (CSP) with integrated energy storage based on linear Fresnel Collectors. The extensive range of products and services is delivered by 3,300 employees in 60 countries as Farnell in EMEA, Newark in North America, and elements in the Asia Pacific.
The General Electric Company, or GEC, was a major British industrial conglomerate involved in consumer and defense electronics, communications, and engineering. The company was founded in 1886, was Britain's one of the largest private employers with over 250,000 employees in the 1980s, and at its peak in the 1990s, made profits of over £1 billion a year.
Siemens & Halske was founded by Werner von Siemens and Johann Georg Halske on 1 October 1847. Siemens AG is a German multinational conglomerate corporation and one of the largest industrial manufacturing companies in Europe, headquartered in Munich with branch offices abroad. Siemens and its subsidiaries employ approximately 303,000 people worldwide and reported global revenue of around €62 billion in 2021 according to its earnings release.
Sun trace GmbH was founded in Hamburg in 2009, and headquartered in Berlin, DE. Suntrace is an energy consulting firm that designs renewable energy projects. It provides project engineering, solar resource assessment, operation, maintenance, implementation management, business case development, financial modeling, structuring & arranging finance, and investment services.
SolarReserve, LLC is a privately held, venture capital-backed renewable energy company that builds solar plants out of concentrating solar thermal power technology. Founded in 2008, SolarReserve is headquartered in Santa Monica, California. It holds the exclusive worldwide license to the molten salt solar power tower technology developed by Pratt & Whitney Rocketdyne, a subsidiary of United Technologies Corporation.
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