용융염 태양에너지 열저장 및 집광형 태양열발전 시장 보고서 : 동향, 예측, 경쟁 분석(-2031년)
Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power Market Report: Trends, Forecast and Competitive Analysis to 2031
상품코드:1748971
리서치사:Lucintel
발행일:2025년 06월
페이지 정보:영문 150 Pages
라이선스 & 가격 (부가세 별도)
ㅁ Add-on 가능: 고객의 요청에 따라 일정한 범위 내에서 Customization이 가능합니다. 자세한 사항은 문의해 주시기 바랍니다.
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한글목차
세계 용융염 태양에너지 열저장 및 집광형 태양열발전 시장의 미래는 발전 및 산업용 난방 시장의 기회로 인해 유망합니다. 세계 용융염 태양에너지 열 저장 및 집광형 태양열발전 시장은 2025-2031년 연평균 복합 성장률(CAGR) 19.9%를 보일 것으로 예측됩니다. 이 시장의 주요 촉진요인은 재생에너지 수요 증가, 에너지 저장 솔루션에 대한 수요 증가, 정부 지원 및 투자 증가입니다.
Lucintel의 예측에 따르면, 유형별로는 파워타워 시스템이 예측 기간 동안 가장 높은 성장세를 보일 것으로 예측됩니다.
용도별로는 발전이 높은 성장을 이룰 것으로 예측됩니다.
지역별로는 아시아태평양이 예측 기간 동안 가장 높은 성장을 보일 것으로 예측됩니다.
용융염 태양에너지 열저장 및 집광형 태양열발전 시장의 새로운 트렌드
용융염 태양에너지 열저장 및 집광형 태양열발전(CSP) 산업은 기술 발전, 정책적 인센티브, 더 깨끗하고 지속 가능한 에너지에 대한 수요 증가에 힘입어 빠른 속도로 변화하고 있습니다. 여러 가지 새로운 트렌드가 CSP 산업을 재구성하고, 새로운 확장 가능성을 제시하며, CSP 기술의 실현 가능성을 전 세계적으로 높이고 있습니다.
CSP와 에너지 저장 솔루션의 조합: CSP 플랜트와 용융염 저장의 조합이 점점 더 많아지고 있습니다. 이 조합을 통해 CSP 플랜트는 태양이 없을 때에도 전력을 생산할 수 있어 안정적인 에너지 공급을 실현할 수 있습니다. 이는 특히 일조 시간이 일정하지 않은 지역에서 특히 중요합니다. 몇 시간 또는 며칠 동안 에너지를 저장할 수 있는 능력은 CSP의 신뢰성을 크게 향상시켜 석탄이나 천연가스와 같은 다른 에너지원과 어깨를 나란히 할 수 있습니다. 또한, 피크 수요에 대응하기 위해 저장 기간과 용량을 극대화하는 데에도 관심이 집중되고 있습니다.
비용 절감 및 효율성 향상: 용융염 저장 및 CSP 산업에서 가장 중요한 트렌드 중 하나는 기술 발전을 활용하여 비용을 낮추려는 움직임입니다. 더 나은 재료, 열전도율 향상, 열전달 시스템 개선으로 CSP 시설은 더 저렴해졌습니다. 제조 비용의 감소와 규모의 경제를 달성하여 용융염 저장 제품의 비용 경쟁력을 높이고 있습니다. 효율성의 향상은 운영 비용의 절감으로 이어져 CSP 기술은 대규모 상업적 사용에서 경쟁력을 높이고 있습니다.
CSP와 다른 재생에너지와의 하이브리드화: CSP와 태양광 발전(PV), 풍력 등 다른 재생에너지와의 하이브리드화가 진행되고 있으며, CSP와 PV 하이브리드 발전소가 개발되어 태양열과 PV를 결합하여 저장비용을 낮추면서 최대의 에너지 생산을 가능하게 합니다. 최대한의 에너지 생성을 가능하게 하고 있습니다. 하이브리드 시스템은 안정적인 에너지 공급을 보장할 뿐만 아니라, 특히 태양광 자원이 변동이 심한 지역에서 CSP 프로젝트의 경제성을 향상시킬 수 있습니다.
정교한 제어 및 모니터링 시스템: 제어 및 모니터링 기술의 발전으로 CSP 플랜트의 효율성이 최적화되고 있습니다. 인공지능(AI), 머신러닝, 데이터 분석은 이러한 플랜트 관리를 혁신적으로 변화시켰습니다. 예를 들어, 예측 분석은 에너지 출력의 변화를 예측하고 저장 관리를 최적화하기 위해 적용될 수 있습니다. 실시간 모니터링은 유지 보수 비용과 가동 중지 시간을 줄이고 전체 시스템의 신뢰성과 효율성을 향상시킵니다.
CSP 기술에 대한 정책 및 규제 지원: 정부의 정책 및 규제 제도는 CSP와 용융염 저장의 개발을 촉진하는 방향으로 변화하고 있습니다. 여러 국가에서 CSP 투자에 유리한 보조금, 세액공제, 재생에너지 목표를 시행하고 있습니다. 각국이 탈탄소화 목표를 달성하기 위해 노력하는 가운데 CSP 프로젝트와 에너지 저장에 대한 인센티브가 증가할 것으로 보입니다. 정부의 확고한 지원은 시장의 신뢰를 높이고 더 많은 투자를 유치하는 데 도움이 되고 있으며, CSP 기술의 세계 확산을 가속화하고 있습니다.
이러한 용융염 축열 및 CSP 기술의 새로운 트렌드는 효율을 높이고, 비용을 낮추며, 보다 안정적인 재생에너지원을 제공함으로써 에너지 환경을 변화시키고 있습니다. 기술이 더욱 발전하고 각국 정부가 재생에너지에 대한 지원을 강화함에 따라, 이러한 추세는 CSP 시장을 크게 성장시키고 기후 변화 완화를 위한 전 세계의 노력을 지원할 것으로 예측됩니다.
용융염 태양에너지 열저장 및 집광형 태양열발전 시장의 최근 동향
용융염 태양에너지 열 저장 및 집광형 태양열발전 산업은 보다 실행 가능하고 확장 가능한 중요한 기술 발전을 목격했습니다. 이러한 발전으로 인해 세계는 보다 지속 가능하고 효율적인 에너지 공급이 가능해졌으며, 일부 국가는 CSP와 용융염 축열을 자국 에너지 믹스에 도입하는 데 앞장서고 있습니다.
대규모 CSP 플랜트 건설: 용융염 저장을 이용한 대규모 CSP 플랜트는 시장의 주요 혁신입니다. 이 플랜트는 분산형 전력을 통해 에너지 관리를 개선할 수 있습니다. 미국, 중국 등의 주요 프로젝트는 용융염을 장기간 열을 저장하여 안정적인 발전을 가능하게 하는 방법을 보여주고 있습니다. 이 혁신은 전력망을 안정화하고 재생에너지의 간헐성 문제를 극복하는 데 매우 중요합니다.
용융염 조성의 발전: 최근 용융염 배합의 발전으로 저장 시스템을 보다 효율적이고 저렴하게 만들 수 있게 되었습니다. 과학자들은 열적 특성이 우수한 소금을 개발하여 열화 없이 장기간 열을 저장할 수 있는 능력을 향상시키고자 노력하고 있습니다. 이러한 개선은 또한 저장 및 회수 시 열 손실을 최소화하여 CSP 플랜트의 에너지 수율을 향상시키고, 용융염을 대량 에너지 저장에 더 적합한 선택으로 만들고 있습니다.
하이브리드 CSP 시스템의 상용화: 태양열 에너지와 PV와 같은 다른 재생 가능 기술을 통합한 하이브리드 CSP 시스템의 상용화는 주목할 만한 진전입니다. 하이브리드 시스템은 용융염 저장에 대한 의존도를 낮추고, 효율을 높이면서 비용을 낮춥니다. 이 접근 방식은 특히 태양의 강도가 변화하는 지역에서 에너지 생산 및 저장 효율을 극대화하기 위해 다양한 국가의 프로젝트에서 활용되고 있습니다.
CSP 플랜트 관리에 AI 도입: CSP 플랜트 관리에 인공지능(AI)을 도입하면 운영 효율을 향상시킬 수 있으며, AI 시스템은 에너지 수요를 예측하고, 저장을 최적화하며, 더 나은 전력망에 통합할 수 있습니다. 성능의 실시간 모니터링뿐만 아니라 예지보전은 운영 비용을 낮추고 장기적으로 플랜트 신뢰성을 유지하며 용융염 및 CSP 시스템의 최적화에 중요한 개선이 될 수 있습니다.
더 강력한 국제 파트너십: 정부와 민간 기업의 국제 파트너십은 용융염 및 CSP 기술 연구 및 개발에 박차를 가하고 있습니다. 이러한 파트너십은 비용 절감, 에너지 효율성 향상, 프로젝트의 세계 스케일업을 목표로 하고 있습니다. 기술 이전과 지식 공유를 통해 CSP와 용융염 시스템은 특히 개발도상국에서 더욱 현실화되는 동시에 태양광 발전 인프라에 대한 대규모 투자를 촉진하고 있습니다.
이러한 획기적인 발전은 용융염 저장 및 CSP의 비용 효율성, 경제성 및 확장성이 점점 더 높아지는 시장으로 가는 길을 열어주고 있습니다. 이러한 발전은 기술 발전과 세계 협력을 통해 보다 친환경적이고 깨끗한 에너지의 미래를 위해 CSP와 용융염 저장의 상업적 활용이 확대될 수 있도록 돕고 있습니다.
목차
제1장 주요 요약
제2장 세계의 용융염 태양열 축열 및 집광형 태양열발전 시장 : 시장 역학
서론, 배경, 분류
공급망
업계 촉진요인과 과제
제3장 시장 동향과 예측 분석(2019-2031년)
거시경제 동향(2019-2024년)과 예측(2025-2031년)
세계의 용융염 태양에너지 열저장 및 집광형 태양열발전 시장 동향(2019-2024년)과 예측(2025-2031년)
유형별
Parabolic Trough Systems
Power Tower Systems
Dish/Engine Systems
기타
용도별
발전
산업용 난방
기타
제4장 지역별 시장 동향과 예측 분석(2019-2031년)
지역별 세계의 용융염 태양에너지 열저장 및 집광형 태양열발전 시장
북미의 용융염 태양에너지 열저장 및 집광형 태양열발전 시장
유럽의 용융염 태양에너지 열저장 및 집광형 태양열발전 시장
아시아태평양의 용융염 태양에너지 열저장 및 집광형 태양열발전 시장
기타 지역의 용융염 태양에너지 열저장 및 집광형 태양열발전 시장
제5장 경쟁 분석
제품 포트폴리오 분석
운영 통합
Porter의 Five Forces 분석
제6장 성장 기회와 전략 분석
성장 기회 분석
유형별
용도별
지역별
세계의 용융염 태양에너지 열저장 및 집광형 태양열발전 시장의 새로운 동향
전략 분석
신제품 개발
세계의 용융염 태양에너지 열저장 및 집광형 태양열발전 시장 용량 확대
세계의 용융염 태양에너지 열저장 및 집광형 태양열발전 시장에서의 인수합병(M&A) 및 합작투자(JV)
인증 및 라이선싱
제7장 주요 기업 개요
BrightSource Energy
Abengoa
Areva
Acciona
ESolar
SolarReserve
Wilson Solarpower
Novatec
Shams Power
ACWA
LSH
영문 목차
영문목차
The future of the global molten salt solar energy thermal storage and concentrated solar power market looks promising with opportunities in the generate electricity and industrial heating markets. The global molten salt solar energy thermal storage and concentrated solar power market is expected to grow with a CAGR of 19.9% from 2025 to 2031. The major drivers for this market are the rising demand for renewable energy, the growing need for energy storage solutions, and the increasing government support &investment.
Lucintel forecasts that, within the type category, power tower system is expected to witness the highest growth over the forecast period.
Within the application category, generate electricity is expected to witness higher growth.
In terms of region, APAC is expected to witness the highest growth over the forecast period.
Emerging Trends in the Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power Market
The molten salt solar energy thermal storage and concentrated solar power (CSP) industry is transforming at a breakneck pace, fueled by technological progress, policy incentives, and increasing demand for cleaner, more sustainable energy. An array of emerging trends is reshaping the industry, presenting new prospects for expansion and enhancing the viability of CSP technologies globally.
Combination of CSP with Energy Storage Solutions: CSP plants combined with molten salt storage are increasingly being used. In this combination, CSP plants are able to produce power even when the sun is not shining, providing a reliable energy supply. This is especially significant in areas of varied sunshine. The capability to store energy for hours or even days is greatly enhancing the reliability of CSP, placing it on par with other energy sources such as coal or natural gas. The attention is also being drawn towards maximizing storage duration and capacity to meet peak demand.
Cost Reduction and Efficiency Improvements: One of the most important trends in the molten salt storage and CSP industry is the movement towards lowering costs by leveraging technology advancements. Better materials, improved thermal conductivity, and improved heat transfer systems are making CSP facilities cheaper. With decreasing manufacturing costs and economies of scale being achieved, molten salt storage products are gaining competitiveness in terms of cost. Efficiency improvements also translate to reduced operational costs, making CSP technologies more competitive for large-scale commercial uses.
Hybridization of CSP with Other Renewable Energy Sources: Hybridization of CSP with other renewables such as photovoltaics (PV) and wind is in the upward swing. Hybrid CSP-PV power plants are being developed where solar thermal and PV are combined to ensure maximum energy generation with reduced storage cost. Hybrid systems not only ensure a steady supply of energy but also improve the economic viability of CSP projects, particularly in regions having variable solar resources.
Sophisticated Control and Monitoring Systems: Technological advancements in control and monitoring are optimizing the efficiency of CSP plants. Artificial Intelligence (AI), machine learning, and data analytics have transformed the management of these plants. Predictive analytics, for instance, can be applied to predict shifts in energy output and optimize the management of storage. Real-time monitoring ensures less maintenance cost and downtime, improving the overall system reliability and efficiency.
Policy and Regulatory Support for CSP Technologies: Government policies and regulatory systems are changing to facilitate the development of CSP and molten salt storage. Various nations are implementing subsidies, tax credits, and renewable energy goals that favor CSP investments. As nations attempt to achieve their decarbonization targets, incentives for CSP projects and energy storage will increase. Firm government support is assisting in enhancing market confidence and drawing more investments, which is speeding up the global deployment of CSP technologies.
These new trends in molten salt thermal storage and CSP technologies are transforming the energy landscape by enhancing efficiency, lowering costs, and providing more stable, renewable energy sources. As technology advances further, and governments enhance support for renewable energy, these trends are expected to propel significant growth in the CSP market, supporting global efforts to mitigate climate change.
Recent Developments in the Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power Market
The molten salt solar energy thermal storage and concentrated solar power industry has witnessed important technological advancements that are making it more viable and scalable. The developments are making the world a more sustainable and efficient place in terms of energy, with some nations taking the initiative of incorporating CSP and molten salt storage into their energy mix.
Construction of Large-Scale CSP Plants: Mass-scale CSP plants that use molten salt storage have been a major innovation in the market. The plants enable improved energy management through dispatchable power. Major projects in nations such as the U.S. and China are showing how molten salt can be used to store heat for extended periods, allowing for constant electricity production. This innovation has been crucial in stabilizing power grids and overcoming the intermittency issues of renewable energy.
Progress in Molten Salt Composition: Recent developments in molten salt formulations have also rendered storage systems more efficient and affordable. Scientists are looking to develop salts that have superior thermal characteristics, which enhance their heat storage capacity for longer periods without degrading. These improvements also enhance the energy yield from CSP plants by minimizing the heat loss in storage and recovery, making molten salt a more suitable option for mass energy storage.
Commercialization of Hybrid CSP Systems: Commercialization of hybrid CSP systems integrating solar thermal energy with other renewable technologies like PV is a notable advancement. Hybrid systems mitigate the dependence on molten salt storage, keeping costs low while efficiency remains high. This approach is being utilized in projects in various countries, particularly in areas where the intensity of the sun varies, ensuring maximum energy production and storage efficiency.
AI Implementation in CSP Plant Management: Incorporating Artificial Intelligence (AI) in CSP plant management is leading to an improvement in efficiency in operation. AI systems are able to forecast energy demand, optimize storage, and integrate on the grid better. Predictive maintenance as well as real-time monitoring of performance is lowering operational costs and maintaining the reliability of the plants in the long term, which is a critical improvement in the optimization of molten salt and CSP systems.
More Powerful International Partnerships: International partnerships between governments and private firms have spurred research and development of molten salt and CSP technologies. These partnerships are aimed at cost reduction, increased energy efficiency, and project scale-up globally. Technology transfers and shared knowledge have made CSP and molten salt systems more viable, particularly in developing countries, while stimulating big-ticket investments in solar power infrastructure.
These seminal advances are paving the way for an increasingly cost-efficient, economical, and scalable market for molten salt storage and CSP. Through increasing technological advances and worldwide collaboration, these advancements are aiding the expansion of the commercial use of CSP and molten salt storage towards a greener, cleaner energy future.
Strategic Growth Opportunities in the Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power Market
Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power market is on the cusp of huge growth, accelerated by new applications and developing technology. Such growth offers strategic value across industries, ranging from large utility projects to small decentralized uses. Through the analysis of key applications, we can see exactly which growth opportunities will redefine the renewable energy sector.
Utility-Scale CSP Projects: Utility-scale CSP projects remain a major growth prospect in high-solar-irradiance regions. Molten salt storage with large-scale CSP plants offers a consistent energy source, stabilizing grids and lowering the demand on fossil fuels. With CSP becoming more competitive due to technological improvements, the utility-scale market will grow on, especially in areas such as the U.S., China, and India, which enjoy rich solar energy resources.
Hybrid Renewable Energy Solutions: Hybridization of CSP with other renewable technologies, including wind and solar photovoltaics (PV), presents a compelling growth opportunity. Hybrid solutions optimize energy production with reduced storage needs. Hybrid CSP-PV power plants will increase in popularity, particularly in markets with variable solar intensity. This will not only lower costs but also expand the availability of dispatchable energy, making hybrid solutions a strategic option for energy developers.
Industrial Applications: Industrial processes' high-temperature energy requirements can be satisfied using molten salt storage and CSP technologies. With their ability to offer a renewable option for heating systems that are otherwise based on fossil fuels, CSP and molten salt storage can greatly minimize the carbon footprint of industries. Industrial applications offer a virgin growth market, with the uptake expected to rise as firms look for cleaner alternatives to conventional energy sources.
Remote and Off-Grid Solutions: Off-grid solutions, especially in rural and remote areas, offer another expanding market for CSP and molten salt technologies. These locations usually have issues with energy access, and CSP can provide a sustainable and consistent solution. Through the integration of molten salt storage, CSP plants can deliver power for days or hours, allowing off-grid communities to use electricity without the need for diesel generators or other dirty alternatives.
Residential and Commercial Solar Power: Molten salt storage and CSP technologies are starting to be used in residential and commercial solar power systems. Although historically the domain of large-scale projects, developments in CSP and molten salt storage are making these systems increasingly viable for smaller-scale applications. The residential CSP and storage market is growing as energy independence demand increases, especially in regions with high electricity prices or unstable grids.
The molten salt solar energy thermal storage and CSP market provides varied opportunities for growth across various applications. From utility-level projects, to hybrid systems, industrial applications, to off-grid applications, the technologies are integrating more and more into energy planning around the globe. With continuous development, such opportunities will significantly redefine the generation and storage of renewable energy on a global level.
Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power Market Driver and Challenges
The market for molten salt solar energy thermal storage and concentrated solar power (CSP) is influenced by several drivers and challenges. Policy frameworks, economic factors, and technological development have important contributions to the market's growth. Yet, some challenges of cost, efficiency, and market maturity remain to be overcome for continuous growth.
The factors responsible for driving the molten salt solar energy thermal storage and concentrated solar power market include:
1. Technological Advancements: Ongoing technological developments in molten salt mixtures, heat transfer equipment, and energy storage capacity are key drivers of CSP market growth. These technologies improve efficiency, lower costs, and enhance the long-term sustainability of CSP plants. With ongoing technology development, the global market for CSP will continue to grow, offering cleaner, more secure energy solutions.
2. Renewable Energy Policies: Government policies encouraging renewable energy are a major impetus in the expansion of the CSP and molten salt market. Incentives, tax credits, and renewable energy targets offer fiscal incentives for private entities to invest in CSP technology. As nations seek to achieve carbon neutrality targets, CSP and molten salt systems are viewed as critical to realizing energy transition targets, with policy support assured.
3. Increasing Demand for Clean Energy: Growing international demand for renewable energy sources is promoting the adoption of CSP and molten salt storage technologies. In the fight against climate change, the move away from fossil fuels to the use of renewable energy is not an option, but a must. CSP is a feasible large-scale renewable energy source, especially in regions of high sunlight concentration, and assists the industry to grow.
4. Energy Storage Needs: With increased renewable energy generation comes an increased requirement for energy storage facilities. Thermal energy storage in molten salt is an effective way of storing thermal energy and using it off-peak hours. Increased demand for stable energy storage solutions, coupled with growing solar power penetration in world energy markets, makes CSP with molten salt storage a suitable option.
5. Cost Reductions in CSP Technologies: Declining costs in CSP technology, especially in solar concentrators and storage systems, are a major driver. Improvements in material science and economies of scale have greatly lowered the cost of installing CSP plants, which has made them competitive with traditional energy sources. As CSP gets cheaper, its use in developed and developing countries will gain momentum.
Challenges in the molten salt solar energy thermal storage and concentrated solar power market are:
1. High Initial Investment Costs: One of the most prominent issues in the molten salt and CSP market is the large initial capital expenditure to construct CSP plants. Even with long-term cost savings, the initial cost of investment can prove a stumbling block for most developers. Offsetting these costs by technological innovation and funding assistance is critical to increased adoption.
2. Intermittency of Solar Power: Although CSP with molten salt storage provides a remedy for solar intermittency, generation still depends on sunlight, posing a challenge. CSP plants function best in places with high and uniform sunlight, which constrains their use in areas with poorer solar conditions. Overcoming the challenge calls for extensive technological breakthrough and infrastructure building.
3. Complexity of Scale-Up: Large-scale implementation of CSP and molten salt technologies to serve global energy needs is challenging. The large amounts of land, water, and infrastructure required for these projects limit their large-scale implementation. There is also the challenge of building adequate storage and distribution systems to effectively integrate CSP into national grids.
The market for CSP and molten salt is fueled by clean energy demand, favorable policy, and technology progress. There are still issues such as initial high investment requirements, intermittency, and scaling that need to be addressed. Balancing the driving forces against these issues will be essential for ensuring the viability and continued growth of CSP technologies worldwide.
List of Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies molten salt solar energy thermal storage and concentrated solar power companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the molten salt solar energy thermal storage and concentrated solar power companies profiled in this report include-
BrightSource Energy
Abengoa
Areva
Acciona
ESolar
SolarReserve
Wilson Solarpower
Novatec
Shams Power
ACWA
Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power Market by Segment
The study includes a forecast for the global molten salt solar energy thermal storage and concentrated solar power market by type, application, and region.
Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power Market by Type [Value from 2019 to 2031]:
Parabolic Trough Systems
Power Tower Systems
Dish/Engine Systems
Others
Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power Market by Application [Value from 2019 to 2031]:
Generate Electricity
Industrial Heating
Others
Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power Market by Region [Value from 2019 to 2031]:
North America
Europe
Asia Pacific
The Rest of the World
Country Wise Outlook for the Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power Market
The molten salt solar energy thermal storage and concentrated solar power market technologies are becoming increasingly prominent as major solutions in the global transition to renewable energy. The technologies, which involve storing thermal energy with the help of molten salts, can generate electricity even when the sun is not available. This positions them well as a viable solution for generating consistent, reliable power from the sun. In recent years, nations such as the United States, China, Germany, India, and Japan have significantly progressed in developing CSP and MSTS, with increased investments and technological advancements.
United States: The United States has been at the forefront of Molten Salt Solar Energy and CSP technologies, with key projects such as the Crescent Dunes Solar Energy Project in Nevada. There has been increasing private and public investment in the development of more efficient thermal storage technologies, which has resulted in cost savings. Also, new federal policies favoring renewable energy have caused an explosion of CSP plants throughout the Southwest. Also, utility-scale projects are adding longer-duration energy storage, which can improve grid stability and minimize intermittency problems usually experienced with solar power.
China: China continues to ramp up investments in CSP and molten salt storage technologies. In recent years, China has been developing giant CSP plants, like the Dillingham CSP plant, that have molten salt thermal storage to ensure a stable energy supply. China's government has actively been promoting renewable energy with subsidies and supportive policies. With ambitious renewable energy goals, China will dominate CSP capacity, and efforts are being made toward cost-effective molten salt technology to increase efficiency and storage, bringing the technology within reach.
Germany: Germany has emerged as a hotbed for molten salt storage and CSP technology research and development due to its focus on decarbonizing its energy industry. Initiatives such as the Julich Solar Tower are proving molten salts to be viable for storing thermal energy. The government of Germany is investing generously in the establishment of integrated energy systems that integrate renewable energy with storage. Efficiency is being optimized and minimized cost of CSP technologies, with long-term storage for grid balance a major focus.
India: India is quickly embracing CSP and molten salt storage technology as part of its plan for increasing renewable energy capacity. India has initiated various projects in states with high sunshine rates, such as Rajasthan and Gujarat. India has entered into agreements with international entities to increase its CSP capacity and develop molten salt storage technologies. With large energy requirements and ambitious renewable energy targets, India is especially interested in lowering the cost of these technologies in order to make them commercially feasible and replicable.
Japan: Japan wants to become innovative in thermal energy storage technology with an emphasis on molten salt and CSP technology as part of its strategy towards curbing carbon emissions. The nation has been investing in R&D initiatives for enhancing the efficiency of molten salt thermal storage systems. Japan's government is aligning its energy policies to promote renewable energy, while the private sector is investigating CSP for grid energy balancing. Japanese initiatives are concentrating on modular designs and lower-cost molten salt alternatives to address utility-scale and smaller-scale applications.
Features of the Global Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power Market
Market Size Estimates: Molten salt solar energy thermal storage and concentrated solar power market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2019 to 2024) and forecast (2025 to 2031) by various segments and regions.
Segmentation Analysis: Molten salt solar energy thermal storage and concentrated solar power market size by type, application, and region in terms of value ($B).
Regional Analysis: Molten salt solar energy thermal storage and concentrated solar power market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, application, and regions for the molten salt solar energy thermal storage and concentrated solar power market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the molten salt solar energy thermal storage and concentrated solar power market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the molten salt solar energy thermal storage and concentrated solar power market by type (parabolic trough systems, power tower systems, dish/engine systems, and others), application (generate electricity, industrial heating, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
Table of Contents
1. Executive Summary
2. Global Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2019 to 2031
3.1. Macroeconomic Trends (2019-2024) and Forecast (2025-2031)
3.2. Global Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power Market Trends (2019-2024) and Forecast (2025-2031)
3.3: Global Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power Market by Type
3.3.1: Parabolic Trough Systems
3.3.2: Power Tower Systems
3.3.3: Dish/Engine Systems
3.3.4: Others
3.4: Global Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power Market by Application
3.4.1: Generate Electricity
3.4.2: Industrial Heating
3.4.3: Others
4. Market Trends and Forecast Analysis by Region from 2019 to 2031
4.1: Global Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power Market by Region
4.2: North American Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power Market
4.2.1: North American Market by Type: Parabolic Trough Systems, Power Tower Systems, Dish/Engine Systems, and Others
4.2.2: North American Market by Application: Generate Electricity, Industrial Heating, and Others
4.3: European Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power Market
4.3.1: European Market by Type: Parabolic Trough Systems, Power Tower Systems, Dish/Engine Systems, and Others
4.3.2: European Market by Application: Generate Electricity, Industrial Heating, and Others
4.4: APAC Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power Market
4.4.1: APAC Market by Type: Parabolic Trough Systems, Power Tower Systems, Dish/Engine Systems, and Others
4.4.2: APAC Market by Application: Generate Electricity, Industrial Heating, and Others
4.5: ROW Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power Market
4.5.1: ROW Market by Type: Parabolic Trough Systems, Power Tower Systems, Dish/Engine Systems, and Others
4.5.2: ROW Market by Application: Generate Electricity, Industrial Heating, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter's Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power Market by Type
6.1.2: Growth Opportunities for the Global Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power Market by Application
6.1.3: Growth Opportunities for the Global Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power Market by Region
6.2: Emerging Trends in the Global Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Molten Salt Solar Energy Thermal Storage and Concentrated Solar Power Market