GLOBAL SOLAR POWER TOWER MARKET

INTRODUCTION

Solar power towers are a type of solar energy technology that use the sun's rays to generate electricity. They are composed of a large array of mirrors that reflect and focus the sunlight onto a central tower, where a receiver is located.

The receiver absorbs the heat from the sun and then transfers it to a heat exchange fluid, which is then used to power a turbine generator.The solar power tower is an efficient and cost-effective way to capture the sun’s energy and convert it into electricity.

It is an ideal choice for locations that receive direct sunlight throughout the day. The solar tower technology is also relatively easy to maintain, and can be used to generate power for large or small areas.

The solar power tower is an attractive option for renewable energy because it has a low environmental impact and is capable of producing large amounts of energy. The system is also highly reliable, as it uses renewable sources that are not subject to fluctuations in weather or climate.

The solar power tower is also easy to install and can be set up quickly and inexpensively.The solar power tower is a promising renewable energy source that has the potential to reduce our reliance on fossil fuels.

It is a cost-effective and reliable energy source that can be used to power homes, businesses, and large-scale projects. With the right technology and incentives, solar power towers can be an important part of the transition to a clean energy future.

GLOBAL SOLAR POWER TOWER MARKET SIZE AND FORECAST

 The Global Solar power tower market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

RECENT DEVELOPMENT

A 100 MW concentrated solar power tower was launched in Dubai by ACWA Power. The Sheikh Mohammed bin Rashid solar power complex, which is situated in the Emirate of Dubai in the United Arab Emirates, is in its fourth phase, according to a statement released by ACWA Power of Saudi Arabia.

At 262.44 metres, the central tower of the 950 MW solar Independent Power Project (IPP), Phase 4 of the Mohammed Bin Rashid Solar Park in Dubai, is purported to be the tallest solar power tower in the world. In a statement posted on the Saudi stock exchange, the company stated that the total capacity under commercial operation has reached 517 MW.

Europe's largest solar power tower is formally launched by Turkey. Turkey will become a nation capable of exporting energy rather than one in need of energy resources. The Kalyon Karapınar Solar Power Plant is expected to assist Turkey in reducing its substantial energy imports and support its efforts to increase the production of renewable energy, which have already been fueled by large-scale solar and wind power tenders.

More than half of Turkey's installed electricity capacity, which was 104,488 MW, is currently derived from renewable sources. With 11,490 MW, wind is the second-largest renewable electricity source behind hydropower, which has a capacity of over 31,600 MW. 9,820 MW of solar power were installed during that time.

Saudi Arabia established the biggest solar power tower globally. This solar power project is a component of a larger government renewable energy programme, of which 40 GW is generated primarily by solar electricity. The Saudi government sees renewable energy as a prestigious business opportunity rather than just a means to solve environmental problems.

The country already has some of the lowest solar power tariffs in the world and aims to become the world's lowest-cost producer of renewable energy. Furthermore, Saudi Arabia wants to sell more petrol and oil while the price of energy globally is still high.

The government is paying more attention to clean energy, especially since it has implemented policies that will benefit its reputation, even if the financial necessity is the primary driver behind the rapid expansion of renewables.

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many Solar power tower are manufactured per annum globally? Who are the sub-component suppliers in different regions?
2. Cost breakup of a Global Solar power tower and key vendor selection criteria
3. Where is the Solar power tower manufactured? What is the average margin per unit?
4. Market share of Global Solar power tower market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Global Solar power tower in-house
6. key predictions for next 5 years in Global Solar power tower market
7. Average B-2-B Solar power tower market price in all segments
8. Latest trends in Solar power tower market, by every market segment
9. The market size (both volume and value) of the Solar power tower market in 2023-2030 and every year in between?
10. Production breakup of Solar power tower market, by suppliers and their OEM relationship