Spain Solar Power Market

Spain Solar Power Market by Types (Solar Photovoltaic (PV) and Concentrated Solar Power (CSP)), and Applications (Residential, Industrial, and Commercial) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: EP-901
  • Author: Growth Market Reports
  • Rating: 4.9
  • Total Reviews: 1
  • No. Of Pages: 163
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The Spain solar power market is anticipated to expand at a CAGR of 10.1% during the forecast period, 2021 – 2028. The growth of the market is attributed to rising energy demand for and increasing implementation of regulations to ensure efficiency and utilization of energy.

Spain Solar Power Market Key Takeaways

Spain is one of the first countries to deploy large-scale solar photovoltaics. In 2018, Spain was the first country that installed concentrated solar power (CSP) in the world. By the end of the year, the cumulative total solar power installed was 7,011 MW, out of which, 4,707 MW were solar PV installations and 2,300 MW were concentrated solar power. In 2016, nearly 8 TWh of electrical power was produced from photovoltaics, and 5 TWh from CSP plants. In the same year, photovoltaics accounted for 3% of total electricity generation, while solar-thermal an additional 1.9%.

 Spain was the leader in concentrated solar power industry in 2017. The country’s concentrated solar power segment accounted for almost a third of solar power installed capacity. Many large concentrated solar power stations remain active in Spain and may have provided some of the impetus for large CSP developments in neighbouring countries such as Morocco. In 2017, Spain held large auctions for renewable energy capacity to be constructed by 2020.

Market Trends, Drivers, Restraints, and Opportunities:

  • Increasing demand for renewable energy is expected to drive the market growth.
  • Growing environmental concerns owing to rising carbon emission and efforts to reduce air pollution is anticipated to boost the growth of market during the forecast period.
  • Government policies with different incentives and strategies is speculated to positively influence the market growth.
  • Increasing government investments on renewable energy projects and rising foreign investments are expected to foster the growth of the market.
  • The COVID-19 pandemic halted the production of solar PVs owing to close down of the manufacturing facilities to mitigate the spread of the virus. However, the market is anticipated to reach the pre-COVID level by end of 2021.
  • High cost of renewable energy generation can hinder the Spain Solar Power market.
  • Lack of awareness regarding solar power systems among the population can impede the market growth.
  • Integration of concentrated solar power systems in hybrid power plants creates the growth opportunities.

Scope of the Report

The report on the Spain Solar Power Market research report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Solar Power Market - Spain Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Types (Solar Photovoltaic (PV) and Concentrated Solar Power (CSP)), and Applications (Residential, Industrial , and Commercial)

Country

Spain

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

 Solaria Energia y Medio Ambiente SA, Acciona SA, Iberdrola SA, Cobra Instalaciones y Servicios SA, and Red Electrica Corporacion SA.


Spain Solar Power Market Segment Insights

Solar Photovoltaic (PV) to account a major market share
Based on types, Spain solar power market is divided into solar photovoltaic (PV) and concentrated solar power (CSP). The solar photovoltaic (PV) segment is anticipated to account for a major market share during the forecast period. According to the data published, more than 30 GW of photovoltaic solar panels are expected to be installed by 2030. Moreover, increasing investment in the solar PV production and declining cost of semiconductors is driving the segment growth.

Spain Solar Power Market By Types

Residential segment to account a major market share
Based on applications, the Spain solar power market is segmented into residential, industrial, and commercial. The residential segment is expected to account for a major market share in the projected timeline. The Government of Spain scrapped the ‘Sun Tax,’ which was charging the Spain-based homes fitted with solar panels with an additional tax of 7% to stay connected with the grid. With the abolishment of this tax, the domestic scale installation of solar panels is expected to propel the market growth during the forecast period.

 Spain Solar Power Market By Applications

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Solar Power Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Solar Power Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Solar Power Market - Supply Chain
  4.5. Global Solar Power Market Forecast
     4.5.1. Solar Power Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Solar Power Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Solar Power Market Absolute $ Opportunity
5. Global Solar Power Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Solar Power Market Size and Volume Forecast by Types
     5.3.1. Solar Photovoltaic (PV)
     5.3.2. Concentrated Solar Power (CSP)
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Solar Power Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Solar Power Market Size and Volume Forecast by Applications
     6.3.1. Residential
     6.3.2. Industrial
     6.3.3. Commercial
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Solar Power Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Solar Power Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Solar Power Demand Share Forecast, 2019-2026
8. North America Solar Power Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Solar Power Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Solar Power Market Size and Volume Forecast by Types
     8.4.1. Solar Photovoltaic (PV)
     8.4.2. Concentrated Solar Power (CSP)
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Solar Power Market Size and Volume Forecast by Applications
     8.7.1. Residential
     8.7.2. Industrial
     8.7.3. Commercial
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Solar Power Demand Share Forecast, 2019-2026
9. Latin America Solar Power Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Solar Power Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Solar Power Market Size and Volume Forecast by Types
     9.4.1. Solar Photovoltaic (PV)
     9.4.2. Concentrated Solar Power (CSP)
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Solar Power Market Size and Volume Forecast by Applications
     9.7.1. Residential
     9.7.2. Industrial
     9.7.3. Commercial
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Solar Power Demand Share Forecast, 2019-2026
10. Europe Solar Power Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Solar Power Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Solar Power Market Size and Volume Forecast by Types
     10.4.1. Solar Photovoltaic (PV)
     10.4.2. Concentrated Solar Power (CSP)
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Solar Power Market Size and Volume Forecast by Applications
     10.7.1. Residential
     10.7.2. Industrial
     10.7.3. Commercial
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Solar Power Demand Share Forecast, 2019-2026
11. Asia Pacific Solar Power Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Solar Power Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Solar Power Market Size and Volume Forecast by Types
     11.4.1. Solar Photovoltaic (PV)
     11.4.2. Concentrated Solar Power (CSP)
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Solar Power Market Size and Volume Forecast by Applications
     11.7.1. Residential
     11.7.2. Industrial
     11.7.3. Commercial
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Solar Power Demand Share Forecast, 2019-2026
12. Middle East & Africa Solar Power Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Solar Power Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Solar Power Market Size and Volume Forecast by Types
     12.4.1. Solar Photovoltaic (PV)
     12.4.2. Concentrated Solar Power (CSP)
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Solar Power Market Size and Volume Forecast by Applications
     12.7.1. Residential
     12.7.2. Industrial
     12.7.3. Commercial
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Solar Power Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Solar Power Market: Market Share Analysis
  13.2. Solar Power Distributors and Customers
  13.3. Solar Power Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Solaria Energia y Medio Ambiente SA
     13.4.2. Acciona SA
     13.4.3. Iberdrola SA
     13.4.4. Cobra Instalaciones y Servicios SA
     13.4.5. Red Electrica Corporacion SA.
Segments Covered in the Report
The Spain Solar Power Market has been segmented on the basis of

Types                     
  • Solar Photovoltaic (PV)
  • Concentrated Solar Power (CSP)
Applications
  • Residential
  • Industrial
  • Commercial
Key Players
  • Solaria Energia y Medio Ambiente SA
  • Acciona SA
  • Iberdrola SA
  • Cobra Instalaciones y Servicios SA
  • Red Electrica Corporacion SA.

Key players operating in the Spain solar power market includes Solaria Energia y Medio Ambiente SA, Acciona SA, Iberdrola SA, Cobra Instalaciones y Servicios SA, and Red Electrica Corporacion SA.

Companies are focusing on engaging in partnerships, expanding the production capacity, deployment of large-scale projects, and acquisitions to expand their market share.

 Spain Solar Power Market By Key Players

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