| Product Code: ETC4520424 | Publication Date: Jul 2023 | Updated Date: Aug 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 26 |
Concentrating solar power technologies generate renewable electricity using solar thermal energy in South Korea. Market developments focus on CSP plant installations, energy storage integration, and solar power incentives.
The growth of the South Korea Concentrating Solar Power Market is driven by increasing government incentives and policies supporting renewable energy. Additionally, technological advancements in solar power generation and a rising need for sustainable energy sources contribute to the market expansion.
Optimizing CSP plant efficiency and energy storage integration, ensuring solar resource availability and grid stability, and addressing land use and environmental impacts pose challenges in South Korea. CSP developers must innovate in thermal energy storage technologies, support hybrid solar-fossil fuel systems, and collaborate with utilities to promote renewable energy adoption and decarbonization strategies.
Government regulations in South Korea for the concentrating solar power market emphasize renewable energy development, solar technology innovation, and electricity generation standards. Policies support solar power plant construction, solar thermal energy storage, and grid integration. Incentives are provided for solar energy projects, technology deployment, and compliance with renewable energy targets.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 South Korea Concentrating Solar Power Market Overview |
3.1 South Korea Country Macro Economic Indicators |
3.2 South Korea Concentrating Solar Power Market Revenues & Volume, 2021 & 2031F |
3.3 South Korea Concentrating Solar Power Market - Industry Life Cycle |
3.4 South Korea Concentrating Solar Power Market - Porter's Five Forces |
3.5 South Korea Concentrating Solar Power Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.6 South Korea Concentrating Solar Power Market Revenues & Volume Share, By Operation Type, 2021 & 2031F |
3.7 South Korea Concentrating Solar Power Market Revenues & Volume Share, By Capacity, 2021 & 2031F |
3.8 South Korea Concentrating Solar Power Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 South Korea Concentrating Solar Power Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Government support and incentives for renewable energy projects in South Korea |
4.2.2 Increasing focus on sustainability and reduction of carbon footprint |
4.2.3 Growing demand for clean energy sources to meet environmental targets |
4.3 Market Restraints |
4.3.1 High initial investment and installation costs of concentrating solar power systems |
4.3.2 Availability and intermittency of sunlight affecting energy production |
4.3.3 Competition from other renewable energy sources like wind and solar photovoltaic |
5 South Korea Concentrating Solar Power Market Trends |
6 South Korea Concentrating Solar Power Market, By Types |
6.1 South Korea Concentrating Solar Power Market, By Technology |
6.1.1 Overview and Analysis |
6.1.2 South Korea Concentrating Solar Power Market Revenues & Volume, By Technology, 2021-2031F |
6.1.3 South Korea Concentrating Solar Power Market Revenues & Volume, By Solar Power Towers, 2021-2031F |
6.1.4 South Korea Concentrating Solar Power Market Revenues & Volume, By Linear Concentrating Systems, 2021-2031F |
6.1.5 South Korea Concentrating Solar Power Market Revenues & Volume, By Dish Stirling Technology, 2021-2031F |
6.2 South Korea Concentrating Solar Power Market, By Operation Type |
6.2.1 Overview and Analysis |
6.2.2 South Korea Concentrating Solar Power Market Revenues & Volume, By Stand-alone, 2021-2031F |
6.2.3 South Korea Concentrating Solar Power Market Revenues & Volume, By Storage, 2021-2031F |
6.3 South Korea Concentrating Solar Power Market, By Capacity |
6.3.1 Overview and Analysis |
6.3.2 South Korea Concentrating Solar Power Market Revenues & Volume, By Less than 50 MW, 2021-2031F |
6.3.3 South Korea Concentrating Solar Power Market Revenues & Volume, By 50 MW to 100 MW, 2021-2031F |
6.3.4 South Korea Concentrating Solar Power Market Revenues & Volume, By 100 MW and Above, 2021-2031F |
6.4 South Korea Concentrating Solar Power Market, By End User |
6.4.1 Overview and Analysis |
6.4.2 South Korea Concentrating Solar Power Market Revenues & Volume, By Utilities, 2021-2031F |
6.4.3 South Korea Concentrating Solar Power Market Revenues & Volume, By Enhanced Oil Recovery (EOR), 2021-2031F |
6.4.4 South Korea Concentrating Solar Power Market Revenues & Volume, By Others, 2021-2031F |
7 South Korea Concentrating Solar Power Market Import-Export Trade Statistics |
7.1 South Korea Concentrating Solar Power Market Export to Major Countries |
7.2 South Korea Concentrating Solar Power Market Imports from Major Countries |
8 South Korea Concentrating Solar Power Market Key Performance Indicators |
8.1 Capacity utilization rate of concentrating solar power plants |
8.2 Levelized cost of electricity (LCOE) for concentrating solar power projects |
8.3 Number of new concentrating solar power projects commissioned in South Korea |
9 South Korea Concentrating Solar Power Market - Opportunity Assessment |
9.1 South Korea Concentrating Solar Power Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.2 South Korea Concentrating Solar Power Market Opportunity Assessment, By Operation Type, 2021 & 2031F |
9.3 South Korea Concentrating Solar Power Market Opportunity Assessment, By Capacity, 2021 & 2031F |
9.4 South Korea Concentrating Solar Power Market Opportunity Assessment, By End User, 2021 & 2031F |
10 South Korea Concentrating Solar Power Market - Competitive Landscape |
10.1 South Korea Concentrating Solar Power Market Revenue Share, By Companies, 2024 |
10.2 South Korea Concentrating Solar Power Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |