The Concentrated Solar Power Market is expected to register a CAGR of 15.5% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Technology (Linear Concentrator, Dish/Engine, and Power Tower Systems). The report further presents analysis based on the End User (Residential, Commercial & Industrial, Utility). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Concentrated Solar Power Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Concentrated Solar Power Market Segmentation
Technology- Linear Concentrator
- Dish/Engine
- Power Tower Systems
- Residential
- Commercial & Industrial
- Utility
Strategic Insights
Concentrated Solar Power Market Growth Drivers- Increasing Demand for Energy: With the growing population and industrialization, the demand for energy is also increasing globally. In 2022, energy consumption increased by 3% in China, the world's largest energy consumer (25% in 2022), while it grew by 1.8% in the US (an increase of 4.9% in 2021). Due to strong economic growth, energy consumption grew rapidly in India, Indonesia, Saudi Arabia, and Canada. The rise in energy consumption also boosted the need for alternative energy generation sources, as conventional energy resources such as fossil fuels are leading to environmental pollution. Hence, the rise in demand for energy is expected to drive the CSP market in the coming years.
- Rising Government Initiatives for Solar Power: The application of solar energy has rapidly increased in recent years due to its capability to reduce the adverse environmental effects of conventional energy resources such as coal, natural gas, and oil. Hence, governments of various countries across the globe-imposed tax incentives and favorable policies to support the remarkable growth of solar energy which in turn is expected to drive the concentrated solar power market growth.
- Rising Demand for Renewable Energy: Concentrating solar power market is backed by one of the paramount global drivers: the increasing need for renewable sources of energy worldwide. To generate clean, sustainable electricity, this technology has to be pursued so that countries diversify their portfolios and reduce the reliance on fossil fuels.
- Moving toward an integrated energy system: There is also a trend where CSP moves towards an integrated energy system that includes other technologies, such as storage of energy, smart grids, and other renewable energy sources. This makes CSP a better option for those seeking efficiency and reliability from the providers.
- Focus on Sustainable Development Goals: It is important that the alignment of CSP projects with global SDGs be more pronounced going forward. Developers now opt for projects that generate clean energy while also supporting the social and economic development, especially in less privileged communities.
- Increasing Focus on Deploying Concentrated Solar Power Technology: Governments and organizations of major countries such as the US, China, and South Africa focus on investing in advanced technologies to enhance the operational efficiency of solar plants. Concentrated solar power (CSP) technologies leverage mirrors to reflect and concentrate daylight onto receivers that accumulate light energy and transform it into thermal energy or heat. The deployment of CSP systems is increasing globally due to the growing need for energy in different sectors and government concerns about environmental pollution. Further, the rise in the development of the renewable energy sector and favorable government initiatives toward using a sustainable approach to reduce carbon emissions are fueling the investment in CSP plants.
- Development of Off-Grid Solutions: New market opportunities for CSP exist in off-grid applications. With reliable electricity, CSP technology can be used to supply power to remote communities or industrial sites, where energy access cannot be supported by traditional power infrastructure.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Concentrated Solar Power Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Concentrated Solar Power Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Some of the customization options available based on the request are an additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
The leading players operating in the Concentrated Solar Power Market include Abengoa Solar, Siemens, Acciona, ACWA Power, Torresol Energy, Sener, BrightSource Energy, Frenell GmbH, Rioglass Solar Inc, and Aalborg CSP
The Concentrated Solar Power Market is estimated to witness a CAGR of 15.5% from 2023 to 2031
Increasing focus on deploying concentrated solar power technology is the key future trend of the Concentrated Solar Power Market
The major factors driving the Concentrated Solar Power Market are: Increasing Demand for Energy and Rising Government Initiatives for Solar Power
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Concentrated Solar Power Market - By Technology
1.3.2 Concentrated Solar Power Market - By Capacity
1.3.3 Concentrated Solar Power Market - By Storage
1.3.4 Concentrated Solar Power Market - By End User
1.3.5 Concentrated Solar Power Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CONCENTRATED SOLAR POWER MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. CONCENTRATED SOLAR POWER MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. CONCENTRATED SOLAR POWER MARKET - GLOBAL MARKET ANALYSIS
6.1. CONCENTRATED SOLAR POWER - GLOBAL MARKET OVERVIEW
6.2. CONCENTRATED SOLAR POWER - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. CONCENTRATED SOLAR POWER MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
7.1. OVERVIEW
7.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
7.3. PARABOLIC TROUGHS
7.3.1. Overview
7.3.2. Parabolic Troughs Market Forecast and Analysis
7.4. LINEAR FRESNEL
7.4.1. Overview
7.4.2. Linear Fresnel Market Forecast and Analysis
7.5. DISH-STIRLING
7.5.1. Overview
7.5.2. Dish-Stirling Market Forecast and Analysis
7.6. TOWER
7.6.1. Overview
7.6.2. Tower Market Forecast and Analysis
7.7. CONCENTRATOR PHOTOVOLTAICS
7.7.1. Overview
7.7.2. Concentrator photovoltaics Market Forecast and Analysis
8. CONCENTRATED SOLAR POWER MARKET - REVENUE AND FORECASTS TO 2028 - CAPACITY
8.1. OVERVIEW
8.2. CAPACITY MARKET FORECASTS AND ANALYSIS
8.3. LESS THAN 50 MW
8.3.1. Overview
8.3.2. Less than 50 MW Market Forecast and Analysis
8.4. 50 TO 100 MW
8.4.1. Overview
8.4.2. 50 to 100 MW Market Forecast and Analysis
8.5. MORE THAN 100 MW
8.5.1. Overview
8.5.2. More than 100 MW Market Forecast and Analysis
9. CONCENTRATED SOLAR POWER MARKET - REVENUE AND FORECASTS TO 2028 - STORAGE
9.1. OVERVIEW
9.2. STORAGE MARKET FORECASTS AND ANALYSIS
9.3. WITH STORAGE
9.3.1. Overview
9.3.2. With Storage Market Forecast and Analysis
9.3.3. Molten Salt Market
9.3.3.1. Overview
9.3.3.2. Molten Salt Market Forecast and Analysis
9.3.4. Others Market
9.3.4.1. Overview
9.3.4.2. Others Market Forecast and Analysis
9.4. WITHOUT STORAGE
9.4.1. Overview
9.4.2. Without Storage Market Forecast and Analysis
10. CONCENTRATED SOLAR POWER MARKET - REVENUE AND FORECASTS TO 2028 - END USER
10.1. OVERVIEW
10.2. END USER MARKET FORECASTS AND ANALYSIS
10.3. RESIDENTIAL
10.3.1. Overview
10.3.2. Residential Market Forecast and Analysis
10.4. COMMERCIAL
10.4.1. Overview
10.4.2. Commercial Market Forecast and Analysis
10.5. INDUSTRIAL
10.5.1. Overview
10.5.2. Industrial Market Forecast and Analysis
11. CONCENTRATED SOLAR POWER MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Concentrated Solar Power Market Overview
11.1.2 North America Concentrated Solar Power Market Forecasts and Analysis
11.1.3 North America Concentrated Solar Power Market Forecasts and Analysis - By Technology
11.1.4 North America Concentrated Solar Power Market Forecasts and Analysis - By Capacity
11.1.5 North America Concentrated Solar Power Market Forecasts and Analysis - By Storage
11.1.6 North America Concentrated Solar Power Market Forecasts and Analysis - By End User
11.1.7 North America Concentrated Solar Power Market Forecasts and Analysis - By Countries
11.1.7.1 United States Concentrated Solar Power Market
11.1.7.1.1 United States Concentrated Solar Power Market by Technology
11.1.7.1.2 United States Concentrated Solar Power Market by Capacity
11.1.7.1.3 United States Concentrated Solar Power Market by Storage
11.1.7.1.4 United States Concentrated Solar Power Market by End User
11.1.7.2 Canada Concentrated Solar Power Market
11.1.7.2.1 Canada Concentrated Solar Power Market by Technology
11.1.7.2.2 Canada Concentrated Solar Power Market by Capacity
11.1.7.2.3 Canada Concentrated Solar Power Market by Storage
11.1.7.2.4 Canada Concentrated Solar Power Market by End User
11.1.7.3 Mexico Concentrated Solar Power Market
11.1.7.3.1 Mexico Concentrated Solar Power Market by Technology
11.1.7.3.2 Mexico Concentrated Solar Power Market by Capacity
11.1.7.3.3 Mexico Concentrated Solar Power Market by Storage
11.1.7.3.4 Mexico Concentrated Solar Power Market by End User
11.2. EUROPE
11.2.1 Europe Concentrated Solar Power Market Overview
11.2.2 Europe Concentrated Solar Power Market Forecasts and Analysis
11.2.3 Europe Concentrated Solar Power Market Forecasts and Analysis - By Technology
11.2.4 Europe Concentrated Solar Power Market Forecasts and Analysis - By Capacity
11.2.5 Europe Concentrated Solar Power Market Forecasts and Analysis - By Storage
11.2.6 Europe Concentrated Solar Power Market Forecasts and Analysis - By End User
11.2.7 Europe Concentrated Solar Power Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Concentrated Solar Power Market
11.2.7.1.1 Germany Concentrated Solar Power Market by Technology
11.2.7.1.2 Germany Concentrated Solar Power Market by Capacity
11.2.7.1.3 Germany Concentrated Solar Power Market by Storage
11.2.7.1.4 Germany Concentrated Solar Power Market by End User
11.2.7.2 France Concentrated Solar Power Market
11.2.7.2.1 France Concentrated Solar Power Market by Technology
11.2.7.2.2 France Concentrated Solar Power Market by Capacity
11.2.7.2.3 France Concentrated Solar Power Market by Storage
11.2.7.2.4 France Concentrated Solar Power Market by End User
11.2.7.3 Italy Concentrated Solar Power Market
11.2.7.3.1 Italy Concentrated Solar Power Market by Technology
11.2.7.3.2 Italy Concentrated Solar Power Market by Capacity
11.2.7.3.3 Italy Concentrated Solar Power Market by Storage
11.2.7.3.4 Italy Concentrated Solar Power Market by End User
11.2.7.4 United Kingdom Concentrated Solar Power Market
11.2.7.4.1 United Kingdom Concentrated Solar Power Market by Technology
11.2.7.4.2 United Kingdom Concentrated Solar Power Market by Capacity
11.2.7.4.3 United Kingdom Concentrated Solar Power Market by Storage
11.2.7.4.4 United Kingdom Concentrated Solar Power Market by End User
11.2.7.5 Russia Concentrated Solar Power Market
11.2.7.5.1 Russia Concentrated Solar Power Market by Technology
11.2.7.5.2 Russia Concentrated Solar Power Market by Capacity
11.2.7.5.3 Russia Concentrated Solar Power Market by Storage
11.2.7.5.4 Russia Concentrated Solar Power Market by End User
11.2.7.6 Rest of Europe Concentrated Solar Power Market
11.2.7.6.1 Rest of Europe Concentrated Solar Power Market by Technology
11.2.7.6.2 Rest of Europe Concentrated Solar Power Market by Capacity
11.2.7.6.3 Rest of Europe Concentrated Solar Power Market by Storage
11.2.7.6.4 Rest of Europe Concentrated Solar Power Market by End User
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Concentrated Solar Power Market Overview
11.3.2 Asia-Pacific Concentrated Solar Power Market Forecasts and Analysis
11.3.3 Asia-Pacific Concentrated Solar Power Market Forecasts and Analysis - By Technology
11.3.4 Asia-Pacific Concentrated Solar Power Market Forecasts and Analysis - By Capacity
11.3.5 Asia-Pacific Concentrated Solar Power Market Forecasts and Analysis - By Storage
11.3.6 Asia-Pacific Concentrated Solar Power Market Forecasts and Analysis - By End User
11.3.7 Asia-Pacific Concentrated Solar Power Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Concentrated Solar Power Market
11.3.7.1.1 Australia Concentrated Solar Power Market by Technology
11.3.7.1.2 Australia Concentrated Solar Power Market by Capacity
11.3.7.1.3 Australia Concentrated Solar Power Market by Storage
11.3.7.1.4 Australia Concentrated Solar Power Market by End User
11.3.7.2 China Concentrated Solar Power Market
11.3.7.2.1 China Concentrated Solar Power Market by Technology
11.3.7.2.2 China Concentrated Solar Power Market by Capacity
11.3.7.2.3 China Concentrated Solar Power Market by Storage
11.3.7.2.4 China Concentrated Solar Power Market by End User
11.3.7.3 India Concentrated Solar Power Market
11.3.7.3.1 India Concentrated Solar Power Market by Technology
11.3.7.3.2 India Concentrated Solar Power Market by Capacity
11.3.7.3.3 India Concentrated Solar Power Market by Storage
11.3.7.3.4 India Concentrated Solar Power Market by End User
11.3.7.4 Japan Concentrated Solar Power Market
11.3.7.4.1 Japan Concentrated Solar Power Market by Technology
11.3.7.4.2 Japan Concentrated Solar Power Market by Capacity
11.3.7.4.3 Japan Concentrated Solar Power Market by Storage
11.3.7.4.4 Japan Concentrated Solar Power Market by End User
11.3.7.5 South Korea Concentrated Solar Power Market
11.3.7.5.1 South Korea Concentrated Solar Power Market by Technology
11.3.7.5.2 South Korea Concentrated Solar Power Market by Capacity
11.3.7.5.3 South Korea Concentrated Solar Power Market by Storage
11.3.7.5.4 South Korea Concentrated Solar Power Market by End User
11.3.7.6 Rest of Asia-Pacific Concentrated Solar Power Market
11.3.7.6.1 Rest of Asia-Pacific Concentrated Solar Power Market by Technology
11.3.7.6.2 Rest of Asia-Pacific Concentrated Solar Power Market by Capacity
11.3.7.6.3 Rest of Asia-Pacific Concentrated Solar Power Market by Storage
11.3.7.6.4 Rest of Asia-Pacific Concentrated Solar Power Market by End User
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Concentrated Solar Power Market Overview
11.4.2 Middle East and Africa Concentrated Solar Power Market Forecasts and Analysis
11.4.3 Middle East and Africa Concentrated Solar Power Market Forecasts and Analysis - By Technology
11.4.4 Middle East and Africa Concentrated Solar Power Market Forecasts and Analysis - By Capacity
11.4.5 Middle East and Africa Concentrated Solar Power Market Forecasts and Analysis - By Storage
11.4.6 Middle East and Africa Concentrated Solar Power Market Forecasts and Analysis - By End User
11.4.7 Middle East and Africa Concentrated Solar Power Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Concentrated Solar Power Market
11.4.7.1.1 South Africa Concentrated Solar Power Market by Technology
11.4.7.1.2 South Africa Concentrated Solar Power Market by Capacity
11.4.7.1.3 South Africa Concentrated Solar Power Market by Storage
11.4.7.1.4 South Africa Concentrated Solar Power Market by End User
11.4.7.2 Saudi Arabia Concentrated Solar Power Market
11.4.7.2.1 Saudi Arabia Concentrated Solar Power Market by Technology
11.4.7.2.2 Saudi Arabia Concentrated Solar Power Market by Capacity
11.4.7.2.3 Saudi Arabia Concentrated Solar Power Market by Storage
11.4.7.2.4 Saudi Arabia Concentrated Solar Power Market by End User
11.4.7.3 U.A.E Concentrated Solar Power Market
11.4.7.3.1 U.A.E Concentrated Solar Power Market by Technology
11.4.7.3.2 U.A.E Concentrated Solar Power Market by Capacity
11.4.7.3.3 U.A.E Concentrated Solar Power Market by Storage
11.4.7.3.4 U.A.E Concentrated Solar Power Market by End User
11.4.7.4 Rest of Middle East and Africa Concentrated Solar Power Market
11.4.7.4.1 Rest of Middle East and Africa Concentrated Solar Power Market by Technology
11.4.7.4.2 Rest of Middle East and Africa Concentrated Solar Power Market by Capacity
11.4.7.4.3 Rest of Middle East and Africa Concentrated Solar Power Market by Storage
11.4.7.4.4 Rest of Middle East and Africa Concentrated Solar Power Market by End User
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Concentrated Solar Power Market Overview
11.5.2 South and Central America Concentrated Solar Power Market Forecasts and Analysis
11.5.3 South and Central America Concentrated Solar Power Market Forecasts and Analysis - By Technology
11.5.4 South and Central America Concentrated Solar Power Market Forecasts and Analysis - By Capacity
11.5.5 South and Central America Concentrated Solar Power Market Forecasts and Analysis - By Storage
11.5.6 South and Central America Concentrated Solar Power Market Forecasts and Analysis - By End User
11.5.7 South and Central America Concentrated Solar Power Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Concentrated Solar Power Market
11.5.7.1.1 Brazil Concentrated Solar Power Market by Technology
11.5.7.1.2 Brazil Concentrated Solar Power Market by Capacity
11.5.7.1.3 Brazil Concentrated Solar Power Market by Storage
11.5.7.1.4 Brazil Concentrated Solar Power Market by End User
11.5.7.2 Argentina Concentrated Solar Power Market
11.5.7.2.1 Argentina Concentrated Solar Power Market by Technology
11.5.7.2.2 Argentina Concentrated Solar Power Market by Capacity
11.5.7.2.3 Argentina Concentrated Solar Power Market by Storage
11.5.7.2.4 Argentina Concentrated Solar Power Market by End User
11.5.7.3 Rest of South and Central America Concentrated Solar Power Market
11.5.7.3.1 Rest of South and Central America Concentrated Solar Power Market by Technology
11.5.7.3.2 Rest of South and Central America Concentrated Solar Power Market by Capacity
11.5.7.3.3 Rest of South and Central America Concentrated Solar Power Market by Storage
11.5.7.3.4 Rest of South and Central America Concentrated Solar Power Market by End User
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. CONCENTRATED SOLAR POWER MARKET, KEY COMPANY PROFILES
13.1. AALBORG CSP
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. ABENGOA S.A.
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. ACCIONA ENERGíA, S.A.
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. ACWA POWER
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. ALCEN
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. BRIGHTSOURCE ENERGY, INC.
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. CHIYODA CORPORATION
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. SHAMS POWER COMPANY PJSC
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. SOLARRESERVE, LLC
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. SUNTRACE GMBH
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1.Aalborg CSP2.Abengoa S.A.3.Acciona Energía, S.A.4.ACWA Power5.ALCEN6.BrightSource Energy, Inc.7.Chiyoda Corporation8.Shams Power Company PJSC9.SolarReserve, LLC10.Suntrace GmbH
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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