Summary
The global Space-Based Solar Power Market is expected to witness a CAGR of xx% over the forecast period 2020-2026 and is expected to reach US$ xx million in 2026, from US$ xx million in 2020.
Space-based solar power is the next big thing for green technology. It is a process of gathering solar energy from space and then distributing it back to Earth with the use of powerful solar collectors. The ground-based solar energy is limited by area, the size of collectors required, and climate. However, in space-based solar power, the solar panels are deployed in orbit, which eliminates the issue of limited access to the Sun's rays, providing an uninterrupted supply of energy.
Market Dynamics
Increasing adoption of solar energy is expected to propel growth of the global space-based solar power market over the forecast period. For instance, in June 2019, a survey of CITE Research on behalf of Vivint Solar reported that 70% adults in the U.S. support a nationwide mandate requiring solar panels to be installed on all newly built homes.
Government funding for R&D in space-based solar power systems is expected to offer lucrative growth opportunities for players in the space-based solar power market. For instance, in 2020, The British government, through the UK Space Agency and the Department for Business, Energy and Industrial Strategy, commissioned a study into the engineering and economic practicality of space-based solar power systems. Similarly, in May 2021, the U.S Air Force shared a video demonstrating the initial idea to harvest the Sun's energy in space using solar panels and then beam it down for use on Earth. The US Air Force's SSPIDR project aims to find technology that will allow it to beam solar energy directly to its remote military bases.
However, R&D and launch of space-based solar power systems is very expensive, which may limit growth of the space-based solar power market. While the price of associated technology such as rocket launches is falling each year, a significant amount will be needed for R&D, manufacturing and deployment.
Key Takeaways
- Government initiatives to build space-based solar power station is expected to propel growth of the global space-based solar power market over the forecast period. For instance, in 2019, China announced plans to establish a 200-ton megawatt-level space-based solar power station by 2035, according to the China Academy of Space Technology.
- Major players operating in the space-based solar power market include, Auxin Solar, Certainteed Solar, First Solar, Global Solar, GreenBrilliance, Lumos Solar, Prism Solar, Seraphim Solar, Solar Electric America, Solaria, and SolarTech Universal
The Space-Based Solar Power Market report highlights product development and growth strategies such as mergers and acquisitions adopted by market players along with SWOT Analysis, PEST, and Porter’s Five Forces analyses of the Space-Based Solar Power Market, which highlight the strengths, weaknesses, opportunities, and commination of key companies. Moreover, the report offers two distinct market forecasts, one from the perspective of the producer and another from that of the consumer.
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Manufacturers covered in this Report:-
- Auxin Solar
- Certainteed Solar
- First Solar
- Global Solar
- GreenBrilliance
- Lumos Solar
- Prism Solar
- Seraphim Solar
- Solar Electric America
- Solaria
- SolarTech Universal
By Product Type, the market is primarily segmented into:
- Deep Space Microwave Transmitting Satellite
- Nearer Laser Beam Transmitting Satellite
By Applications, the market is segmented into:
- Wireless Power Transmission
- Earth-Based Receivers (Rectennas)
- Other Space Applications
The report covers the following Regions:
- North America
- United States
- Canada
- Mexico
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Central & South America
- Middle East & Africa
- Turkey
- GCC Countries
- Egypt
- South Africa
The objective of the Space-Based Solar Power Market Report:
- To assess the size of the market by value and volume
- Analyze the Space-Based Solar Power Market in terms of regions and major countries
- Highlight recent developments and trends in the market
- Offer perceptive data regarding major market players in terms of key developments, strategies, and product portfolio
- Determine share of the Space-Based Solar Power Market in terms of various segments such as by product type, application, and end-user
- Offer accurate projection of the market for the forecast period using state-of-the-art tools and the current primary and secondary research approaches
- Discuss major factors that impact the growth of the Space-Based Solar Power Market
The Space-Based Solar Power Market engages the readers with all pivotal approaches to understand their position in the industry based on revenue or sales growth. The report efficiently evaluates the Space-Based Solar Power Market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competition in the market. The information in the report is backed by annual company reports, financial reports, press releases, regulatory databases, government documents, and statistical databases.
For the data information by region, company, type, and application, 2020 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders:
- Material suppliers/wholesalers
- Market Distributors/traders
- Regulatory bodies
- Research organizations, and consulting firms
- Commercial research & developments (R&D)
- Trade associations and industry bodies
- Importers and exporters
- End-use industries
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into a specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Space-Based Solar Power Market Revenue
1.4 Market Analysis by Type
1.5 Market by Application
1.5.1 Global Space-Based Solar Power Market Share by Application: 2020 VS 2026
1.6 Coronavirus Disease 2019 (Covid-19) Impact: Space-Based Solar Power Market
1.6.1 How the Covid-19 is Affecting the Space-Based Solar Power Market
1.6.1.1 Space-Based Solar Power Market Business Impact Assessment - Covid-19
1.6.2 Market Trends and Space-Based Solar Power Market Potential Opportunities in the COVID-19 Landscape
1.6.3 Measures / Proposal against Covid-19
1.6.3.1 Government Measures to Combat Covid-19 Impact
1.7 Study Objectives
1.8 Years Considered
2 Global Growth Trends by Regions
2.1 Space-Based Solar Power Market Perspective (2015-2026)
2.2 Space-Based Solar Power Market Growth Trends by Regions
2.2.1 Space-Based Solar Power Market Size by Regions: 2015 VS 2020 VS 2026
2.2.2 Space-Based Solar Power Market Historic Market Share by Regions (2015-2020)
2.2.3 Space-Based Solar Power Market Forecasted Market Size by Regions (2021-2026)
2.3 Industry Trends and Growth Strategy
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Challenges
2.3.4 Porters Five Forces Analysis
2.3.5 Space-Based Solar Power Market Growth Strategy
2.3.6 Primary Interviews with Key Space-Based Solar Power Market Players (Opinion Leaders)
3 Competition Landscape by Key Players
3.1 Global Top Space-Based Solar Power Market Players by Market Size
3.1.1 Global Top Space-Based Solar Power Market Players by Revenue (2015-2020)
3.1.2 Global Space-Based Solar Power Market Revenue Market Share by Players (2015-2020)
3.1.3 Global Space-Based Solar Power Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.2 Global Space-Based Solar Power Market Concentration Ratio
3.2.1 Global Space-Based Solar Power Market Concentration Ratio (CR5 and HHI)
3.2.2 Global Top 10 and Top 5 Companies by Space-Based Solar Power Market Revenue in 2019
3.3 Space-Based Solar Power Market Key Players Head office and Area Served
3.4 Key Players Space-Based Solar Power Market Product Solution and Service
3.5 Date of entering into Space-Based Solar Power Market
3.6 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Type (2015-2026)
4.1 Global Space-Based Solar Power Market Historic Market Size by Type (2015-2020)
4.2 Global Space-Based Solar Power Market Forecasted Market Size by Type (2021-2026)
5 Space-Based Solar Power Market Breakdown Data by Application (2015-2026)
5.1 Global Space-Based Solar Power Market Size by Application (2015-2020)
5.2 Global Space-Based Solar Power Market Forecasted Market Size by Application (2021-2026)
6 North America
6.1 North America Space-Based Solar Power Market Size (2015-2020)
6.2 Space-Based Solar Power Market Key Players in North America (2019-2020)
6.3 North America Space-Based Solar Power Market Size by Type (2015-2020)
6.4 North America Space-Based Solar Power Market Size by Application (2015-2020)
7 Europe
7.1 Europe Space-Based Solar Power Market Size (2015-2020)
7.2 Space-Based Solar Power Market Key Players in Europe (2019-2020)
7.3 Europe Space-Based Solar Power Market Size by Type (2015-2020)
7.4 Europe Space-Based Solar Power Market Size by Application (2015-2020)
8 China
8.1 China Space-Based Solar Power Market Size (2015-2020)
8.2 Space-Based Solar Power Market Key Players in China (2019-2020)
8.3 China Space-Based Solar Power Market Size by Type (2015-2020)
8.4 China Space-Based Solar Power Market Size by Application (2015-2020)
9 Japan
9.1 Japan Space-Based Solar Power Market Size (2015-2020)
9.2 Space-Based Solar Power Market Key Players in Japan (2019-2020)
9.3 Japan Space-Based Solar Power Market Size by Type (2015-2020)
9.4 Japan Space-Based Solar Power Market Size by Application (2015-2020)
10 Southeast Asia
10.1 Southeast Asia Space-Based Solar Power Market Size (2015-2020)
10.2 Space-Based Solar Power Market Key Players in Southeast Asia (2019-2020)
10.3 Southeast Asia Space-Based Solar Power Market Size by Type (2015-2020)
10.4 Southeast Asia Space-Based Solar Power Market Size by Application (2015-2020)
11 India
11.1 India Space-Based Solar Power Market Size (2015-2020)
11.2 Space-Based Solar Power Market Key Players in India (2019-2020)
11.3 India Space-Based Solar Power Market Size by Type (2015-2020)
11.4 India Space-Based Solar Power Market Size by Application (2015-2020)
12 Central & South America
12.1 Central & South America Space-Based Solar Power Market Size (2015-2020)
12.2 Space-Based Solar Power Market Key Players in Central & South America (2019-2020)
12.3 Central & South America Space-Based Solar Power Market Size by Type (2015-2020)
12.4 Central & South America Space-Based Solar Power Market Size by Application (2015-2020)
13 Key Players Profiles
13.1 Company Details
13.2 Business Overview and Its Total Revenue
13.3 Space-Based Solar Power Market Introduction
13.4 Space-Based Solar Power Market Business (2015-2020)
13.5 Recent Development
14 Analyst's Viewpoints/Conclusions
15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.2 Data Source
15.2 Disclaimer
15.3 Author Details
List of Table
Table 1. Space-Based Solar Power Market Key Market Segments
Table 2. Key Players Covered: Ranking by Space-Based Solar Power Market Revenue
Table 3. Ranking of Global Top Space-Based Solar Power Market Manufacturers by Revenue (US$ Million) in 2019
Table 4. Global Space-Based Solar Power Market Size Growth Rate by Type (US$ Million): 2020 VS 2026
Table 5. COVID-19 Impact Global Market
Table 6. Opportunities and Trends for Space-Based Solar Power Market Players in the COVID-19 Landscape
Table 7. Present Opportunities in China & Elsewhere Due to the Coronavirus Crisis
Table 8. Key Regions/Countries Measures against Covid-19 Impact
Table 9. Proposal for Space-Based Solar Power Market Players to Combat Covid-19 Impact
Table 10. Global Space-Based Solar Power Market Size Growth by Application (US$ Million): 2020 VS 2026
Table 11. Global Space-Based Solar Power Market Size by Regions (US$ Million): 2020 VS 2026
Table 12. Global Space-Based Solar Power Market Size by Regions (2015-2020) (US$ Million)
Table 13. Global Space-Based Solar Power Market Share by Regions (2015-2020)
Table 14. Global Space-Based Solar Power Market Forecasted Market Size by Regions (2021-2026) (US$ Million)
Table 15. Global Space-Based Solar Power Market Share by Regions (2021-2026)
Table 16. Market Top Trends
Table 17. Key Drivers: Impact Analysis
Table 18. Key Challenges
Table 19. Space-Based Solar Power Market Growth Strategy
Table 20. Main Points Interviewed from Key Space-Based Solar Power Market Players
Table 21. Global Space-Based Solar Power Market Revenue by Players (2015-2020) (Million US$)
Table 22. Global Space-Based Solar Power Market Share by Players (2015-2020)
Table 23. Global Top Space-Based Solar Power Market Players by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Space-Based Solar Power Market as of 2019)
Table 24. Global Space-Based Solar Power Market by Players Market Concentration Ratio (CR5 and HHI)
Table 25. Key Players Headquarters and Area Served
Table 26. Key Players Space-Based Solar Power Market Product Solution and Service
Table 27. Date of entering into Space-Based Solar Power Market
Table 28. Mergers & Acquisitions, Expansion Plans
Table 29. Global Space-Based Solar Power Market Size by Type (2015-2020) (Million US$)
Table 30. Global Space-Based Solar Power Market Size Share by Type (2015-2020)
Table 31. Global Space-Based Solar Power Market Revenue Market Share by Type (2021-2026)
Table 31. Global Space-Based Solar Power Market Size Share by Application (2015-2020)
Table 33. Global Space-Based Solar Power Market Size by Application (2015-2020) (Million US$)
Table 34. Global Space-Based Solar Power Market Size Share by Application (2021-2026)
Table 35. North America Key Players Space-Based Solar Power Market Revenue (2019-2020) (Million US$)
Table 36. North America Key Players Space-Based Solar Power Market Share (2019-2020)
Table 37. North America Space-Based Solar Power Market Size by Type (2015-2020) (Million US$)
Table 38. North America Space-Based Solar Power Market Share by Type (2015-2020)
Table 39. North America Space-Based Solar Power Market Size by Application (2015-2020) (Million US$)
Table 40. North America Space-Based Solar Power Market Share by Application (2015-2020)
Table 41. Europe Key Players Space-Based Solar Power Market Revenue (2019-2020) (Million US$)
Table 42. Europe Key Players Space-Based Solar Power Market Share (2019-2020)
Table 43. Europe Space-Based Solar Power Market Size by Type (2015-2020) (Million US$)
Table 44. Europe Space-Based Solar Power Market Share by Type (2015-2020)
Table 45. Europe Space-Based Solar Power Market Size by Application (2015-2020) (Million US$)
Table 46. Europe Space-Based Solar Power Market Share by Application (2015-2020)
Table 47. China Key Players Space-Based Solar Power Market Revenue (2019-2020) (Million US$)
Table 48. China Key Players Space-Based Solar Power Market Share (2019-2020)
Table 49. China Space-Based Solar Power Market Size by Type (2015-2020) (Million US$)
Table 50. China Space-Based Solar Power Market Share by Type (2015-2020)
Table 51. China Space-Based Solar Power Market Size by Application (2015-2020) (Million US$)
Table 52. China Space-Based Solar Power Market Share by Application (2015-2020)
Table 53. Japan Key Players Space-Based Solar Power Market Revenue (2019-2020) (Million US$)
Table 54. Japan Key Players Space-Based Solar Power Market Share (2019-2020)
Table 55. Japan Space-Based Solar Power Market Size by Type (2015-2020) (Million US$)
Table 56. Japan Space-Based Solar Power Market Share by Type (2015-2020)
Table 57. Japan Space-Based Solar Power Market Size by Application (2015-2020) (Million US$)
Table 58. Japan Space-Based Solar Power Market Share by Application (2015-2020)
Table 59. Southeast Asia Key Players Space-Based Solar Power Market Revenue (2019-2020) (Million US$)
Table 60. Southeast Asia Key Players Space-Based Solar Power Market Share (2019-2020)
Table 61. Southeast Asia Space-Based Solar Power Market Size by Type (2015-2020) (Million US$)
Table 62. Southeast Asia Space-Based Solar Power Market Share by Type (2015-2020)
Table 63. Southeast Asia Space-Based Solar Power Market Size by Application (2015-2020) (Million US$)
Table 64. Southeast Asia Space-Based Solar Power Market Share by Application (2015-2020)
Table 65. India Key Players Space-Based Solar Power Market Revenue (2019-2020) (Million US$)
Table 66. India Key Players Space-Based Solar Power Market Share (2019-2020)
Table 67. India Space-Based Solar Power Market Size by Type (2015-2020) (Million US$)
Table 68. India Space-Based Solar Power Market Share by Type (2015-2020)
Table 69. India Space-Based Solar Power Market Size by Application (2015-2020) (Million US$)
Table 70. India Space-Based Solar Power Market Share by Application (2015-2020)
Table 71. Central & South America Key Players Space-Based Solar Power Market Revenue (2019-2020) (Million US$)
Table 72. Central & South America Key Players Space-Based Solar Power Market Share (2019-2020)
Table 73. Central & South America Space-Based Solar Power Market Size by Type (2015-2020) (Million US$)
Table 74. Central & South America Space-Based Solar Power Market Share by Type (2015-2020)
Table 75. Central & South America Space-Based Solar Power Market Size by Application (2015-2020) (Million US$)
Table 76. Central & South America Space-Based Solar Power Market Share by Application (2015-2020)
Table 77. Company Details
Table 78. Business Overview
Table 79. Product details
Table 80. Revenue in Space-Based Solar Power Market Business (2015-2020) (Million US$)
Table 81. Recent Development
List of Figures
Figure 1. Global Space-Based Solar Power Market Share by Type: 2020 VS 2026
Figure 2. Global Space-Based Solar Power Market Share by Application: 2020 VS 2026
Figure 3. Emergency Care Case Studies
Figure 4. Outpatient Facilities Case Studies
Figure 5. Hospitals Case Studies
Figure 6. Home Healthcare Facilities Case Studies
Figure 7. Space-Based Solar Power Market Report Years Considered
Figure 8. Global Space-Based Solar Power Market Size YoY Growth 2015-2026 (US$ Million)
Figure 9. Global Space-Based Solar Power Market Share by Regions: 2020 VS 2026
Figure 10. Global Space-Based Solar Power Market Share by Regions (2021-2026)
Figure 11. Porter's Five Forces Analysis
Figure 12. Global Space-Based Solar Power Market Share by Players in 2019
Figure 13. Global Top Space-Based Solar Power Market Players by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Space-Based Solar Power Market as of 2019
Figure 14. The Top 10 and 5 Players Market Share by Space-Based Solar Power Market Revenue in 2019
Figure 15. North America Space-Based Solar Power Market Size YoY Growth (2015-2020) (Million US$)
Figure 16. Europe Space-Based Solar Power Market Size YoY Growth (2015-2020) (Million US$)
Figure 17. China Space-Based Solar Power Market Size YoY Growth (2015-2020) (Million US$)
Figure 18. Japan Space-Based Solar Power Market Size YoY Growth (2015-2020) (Million US$)
Figure 19. Southeast Asia Space-Based Solar Power Market Size YoY Growth (2015-2020) (Million US$)
Figure 20. India Space-Based Solar Power Market Size YoY Growth (2015-2020) (Million US$)
Figure 21. Central & South America Space-Based Solar Power Market Size YoY Growth (2015-2020) (Million US$)
Figure 22. Bottom-up and Top-down Approaches for This Report
Figure 23. Data Triangulation
Figure 24. Key Executives Interviewed
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