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PUBLISHER: Polaris Market Research | PRODUCT CODE: 1388093
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1388093
Space Based Solar Power Market Share, Size, Trends, Industry Analysis Report, By Satellite Type (Microwave Transmitting Solar Satellite, Laser Transmitting Solar Satellite), By Application, By Region, And Segment Forecasts, 2023 - 2032
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PAGES: 118 Pages
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The global space based solar power market size is expected to reach USD 1,108.90 Million by 2032, according to a new study by Polaris market research. The report "Space based Solar Power Market Share, Size, Trends, Industry Analysis Report, By Satellite Type (Microwave Transmitting Solar Satellite, Laser Transmitting Solar Satellite), By Application, By Region, And Segment Forecasts, 2019 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Market for sustainable power generation is experiencing significant expansion, driven by increased investments and the implementation of strict government regulations to combat pollution. In contrast, research and development efforts aimed at reducing the cost of solar space missions through advancements in technology present promising growth opportunities. The global energy demand is steadily increasing as economies grow, industries expand, and populations rise. This surge in demand has led to a heightened awareness of the need for reliable and sustainable energy sources to meet the world's growing energy needs without compromising environmental health.
Space-based solar power offers a compelling solution in this regard. By harnessing solar energy directly from space and beaming it back to Earth, space-based solar power systems can provide a continuous and abundant source of clean electricity. This technology has the potential to significantly reduce greenhouse gas emissions from traditional power sources, such as fossil fuels, which are major contributors to climate change. The environmental benefits of space-based solar power, coupled with its potential to address the pressing issue of climate change, create a strong impetus for market growth. Governments, businesses, and individuals worldwide are increasingly recognizing the importance of transitioning to sustainable energy solutions, and space-based solar power aligns well with this objective.
One of the key benefits of the SBSP is its ability to generate electricity on a continuous basis. Unlike solar panels, which are subject to weather conditions & daylight limitations, these SBSP systems orbiting in space can capture solar energy around the clock, ensuring a steady and reliable power supply. This consistent energy generation makes them a highly reliable and resilient source of electricity.
Another significant advantage is their potential to reduce greenhouse gas (GHG) emissions and decrease dependence on fossil fuels for energy generation. Traditional fossil fuel-based power plants emit large amounts of carbon dioxide and other harmful pollutants, contributing to climate change and air pollution. By shifting to space-based solar power, which generates clean energy without any direct emissions, we can substantially reduce our carbon footprint and combat climate change.
Space Based Solar Power Market Report Highlights
Microwave segment held the largest share, owing to its high efficiency, with minimum disturbance
Electricity generation segment dominated the market, owing to rise in energy demand and cleaner generation of electricity
North America garnered largest share, primarily due to rise in government investments NASA, ISRO, and other space agencies
Key players include Airborne, AZUR SPACE Solar Power, Fralock, Japan Aerospace Exploration Agency, & Northrop Grumman
Polaris market research has segmented the space based solar power market report based on satellite type, application, and region:
Space Based Solar Power, Satellite Type Outlook (Revenue - USD Million, 2019 - 2032)
- Microwave Transmitting Solar Satellite
- Laser Transmitting Solar Satellite
Space Based Solar Power, Application Outlook (Revenue - USD Million, 2019 - 2032)
- Electricity Generation
- Space Applications
Space Based Solar Power, Regional Outlook (Revenue - USD Million, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Product Code: PM3787
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
- 2.1. Market Highlights
3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Space Based Solar Power Market Insights
- 4.1. Space Based Solar Power Market - Industry Snapshot
- 4.2. Space Based Solar Power Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Utilization of robotics and automation in space missions
- 4.2.1.2. Increased investments and research and development (R&D) initiatives in space-based solar power technology
- 4.2.2. Restraints and Challenges
- 4.2.2.1. High-cost investment
- 4.2.1. Drivers and Opportunities
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Space Based Solar Power Industry trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Space Based Solar Power Market, by Satellite Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Space Based Solar Power, by Satellite Type, 2019-2032 (USD Million)
- 5.3. Microwave Transmitting Solar Satellite
- 5.3.1. Global Space Based Solar Power Market, by Microwave Transmitting Solar Satellite, by Region, 2019-2032 (USD Million)
- 5.4. Laser Transmitting Solar Satellite
- 5.4.1. Global Space Based Solar Power Market, by Laser Transmitting Solar Satellite, by Region, 2019-2032 (USD Million)
6. Global Space Based Solar Power Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Space Based Solar Power Market, by Application, 2019-2032 (USD Million)
- 6.3. Electricity Generation
- 6.3.1. Global Space Based Solar Power Market, by Electricity Generation, by Region, 2019-2032 (USD Million)
- 6.4. Space Applications
- 6.4.1. Global Space Based Solar Power Market, by Space Applications, by Region, 2019-2032 (USD Million)
7. Global Space Based Solar Power Market, by Geography
- 7.1. Key findings
- 7.2. Introduction
- 7.2.1. Space Based Solar Power Market Assessment, By Geography, 2019-2032 (USD Million)
- 7.3. Space Based Solar Power Market - North America
- 7.3.1. North America: Space Based Solar Power Market, by Application, 2019-2032 (USD Million)
- 7.3.2. North America: Space Based Solar Power Market, by Satellite Type, 2019-2032 (USD Million)
- 7.3.3. Space Based Solar Power Market - U.S.
- 7.3.3.1. U.S.: Space Based Solar Power Market, by Application, 2019-2032 (USD Million)
- 7.3.3.2. U.S.: Space Based Solar Power Market, by Satellite Type, 2019-2032 (USD Million)
- 7.3.4. Space Based Solar Power Market - Canada
- 7.3.4.1. Canada: Space Based Solar Power Market, by Application, 2019-2032 (USD Million)
- 7.3.4.2. Canada: Space Based Solar Power Market, by Satellite Type, 2019-2032 (USD Million)
- 7.4. Space Based Solar Power Market - Europe
- 7.4.1. Europe: Space Based Solar Power Market, by Application, 2019-2032 (USD Million)
- 7.4.2. Europe: Space Based Solar Power Market, by Satellite Type, 2019-2032 (USD Million)
- 7.4.3. Space Based Solar Power Market - UK
- 7.4.3.1. UK: Space Based Solar Power Market, by Application, 2019-2032 (USD Million)
- 7.4.3.2. UK: Space Based Solar Power Market, by Satellite Type, 2019-2032 (USD Million)
- 7.4.4. Space Based Solar Power Market - France
- 7.4.4.1. France: Space Based Solar Power Market, by Application, 2019-2032 (USD Million)
- 7.4.4.2. France: Space Based Solar Power Market, by Satellite Type, 2019-2032 (USD Million)
- 7.4.5. Space Based Solar Power Market - Germany
- 7.4.5.1. Germany: Space Based Solar Power Market, by Application, 2019-2032 (USD Million)
- 7.4.5.2. Germany: Space Based Solar Power Market, by Satellite Type, 2019-2032 (USD Million)
- 7.4.6. Space Based Solar Power Market - Italy
- 7.4.6.1. Italy: Space Based Solar Power Market, by Application, 2019-2032 (USD Million)
- 7.4.6.2. Italy: Space Based Solar Power Market, by Satellite Type, 2019-2032 (USD Million)
- 7.4.7. Space Based Solar Power Market - Spain
- 7.4.7.1. Spain: Space Based Solar Power Market, by Application, 2019-2032 (USD Million)
- 7.4.7.2. Spain: Space Based Solar Power Market, by Satellite Type, 2019-2032 (USD Million)
- 7.4.8. Space Based Solar Power Market - Netherlands
- 7.4.8.1. Netherlands: Space Based Solar Power Market, by Application, 2019-2032 (USD Million)
- 7.4.8.2. Netherlands: Space Based Solar Power Market, by Satellite Type, 2019-2032 (USD Million)
- 7.4.9. Space Based Solar Power Market - Russia
- 7.4.9.1. Russia: Space Based Solar Power Market, by Application, 2019-2032 (USD Million)
- 7.4.9.2. Russia: Space Based Solar Power Market, by Satellite Type, 2019-2032 (USD Million)
- 7.5. Space Based Solar Power Market - Asia Pacific
- 7.5.1. Asia Pacific: Space Based Solar Power Market, by Application, 2019-2032 (USD Million)
- 7.5.2. Asia Pacific: Space Based Solar Power Market, by Satellite Type, 2019-2032 (USD Million)
- 7.5.3. Space Based Solar Power Market - China
- 7.5.3.1. China: Space Based Solar Power Market, by Application, 2019-2032 (USD Million)
- 7.5.3.2. China: Space Based Solar Power Market, by Satellite Type, 2019-2032 (USD Million)
- 7.5.4. Space Based Solar Power Market - India
- 7.5.4.1. India: Space Based Solar Power Market, by Application, 2019-2032 (USD Million)
- 7.5.4.2. India: Space Based Solar Power Market, by Satellite Type, 2019-2032 (USD Million)
- 7.5.5. Space Based Solar Power Market - Malaysia
- 7.5.5.1. Malaysia: Space Based Solar Power Market, by Application, 2019-2032 (USD Million)
- 7.5.5.2. Malaysia: Space Based Solar Power Market, by Satellite Type, 2019-2032 (USD Million)
- 7.5.6. Space Based Solar Power Market - Japan
- 7.5.6.1. Japan: Space Based Solar Power Market, by Application, 2019-2032 (USD Million)
- 7.5.6.2. Japan: Space Based Solar Power Market, by Satellite Type, 2019-2032 (USD Million)
- 7.5.7. Space Based Solar Power Market - Indonesia
- 7.5.7.1. Indonesia: Space Based Solar Power Market, by Application, 2019-2032 (USD Million)
- 7.5.7.2. Indonesia: Space Based Solar Power Market, by Satellite Type, 2019-2032 (USD Million)
- 7.5.8. Space Based Solar Power Market - South Korea
- 7.5.8.1. South Korea: Space Based Solar Power Market, by Application, 2019-2032 (USD Million)
- 7.5.8.2. South Korea: Space Based Solar Power Market, by Satellite Type, 2019-2032 (USD Million)
- 7.6. Space Based Solar Power Market - Middle East & Africa
- 7.6.1. Middle East & Africa: Space Based Solar Power Market, by Application, 2019-2032 (USD Million)
- 7.6.2. Middle East & Africa: Space Based Solar Power Market, by Satellite Type, 2019-2032 (USD Million)
- 7.6.3. Space Based Solar Power Market - Saudi Arabia
- 7.6.3.1. Saudi Arabia: Space Based Solar Power Market, by Application, 2019-2032 (USD Million)
- 7.6.3.2. Saudi Arabia: Space Based Solar Power Market, by Satellite Type, 2019-2032 (USD Million)
- 7.6.4. Space Based Solar Power Market - UAE
- 7.6.4.1. UAE: Space Based Solar Power Market, by Application, 2019-2032 (USD Million)
- 7.6.4.2. UAE: Space Based Solar Power Market, by Satellite Type, 2019-2032 (USD Million)
- 7.6.5. Space Based Solar Power Market - Israel
- 7.6.5.1. Israel: Space Based Solar Power Market, by Application, 2019-2032 (USD Million)
- 7.6.5.2. Israel: Space Based Solar Power Market, by Satellite Type, 2019-2032 (USD Million)
- 7.6.6. Space Based Solar Power Market - South Africa
- 7.6.6.1. South Africa: Space Based Solar Power Market, by Application, 2019-2032 (USD Million)
- 7.6.6.2. South Africa: Space Based Solar Power Market, by Satellite Type, 2019-2032 (USD Million)
- 7.7. Space Based Solar Power Market - Latin America
- 7.7.1. Latin America: Space Based Solar Power Market, by Application, 2019-2032 (USD Million)
- 7.7.2. Latin America: Space Based Solar Power Market, by Satellite Type, 2019-2032 (USD Million)
- 7.7.3. Space Based Solar Power Market - Mexico
- 7.7.3.1. Mexico: Space Based Solar Power Market, by Application, 2019-2032 (USD Million)
- 7.7.3.2. Mexico: Space Based Solar Power Market, by Satellite Type, 2019-2032 (USD Million)
- 7.7.4. Space Based Solar Power Market - Brazil
- 7.7.4.1. Brazil: Space Based Solar Power Market, by Application, 2019-2032 (USD Million)
- 7.7.4.2. Brazil: Space Based Solar Power Market, by Satellite Type, 2019-2032 (USD Million)
- 7.7.5. Space Based Solar Power Market - Argentina
- 7.7.5.1. Argentina: Space Based Solar Power Market, by Application, 2019-2032 (USD Million)
- 7.7.5.2. Argentina: Space Based Solar Power Market, by Satellite Type, 2019-2032 (USD Million)
8. Competitive Landscape
- 8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
- 9.1. Airborne
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
- 9.2. AZUR SPACE Solar Power
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
- 9.3. Borrego Energy
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
- 9.4. DHV Technology
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
- 9.5. Fralock
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
- 9.6. Japan Aerospace Exploration Agency
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
- 9.7. Northrop Grumman
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
- 9.8. Solaren Corporation
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
- 9.9. SpaceTech
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
- 9.10. Space Canada
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development
Product Code: PM3787
List of Tables
- Table 1 Global Space Based Solar Power Market, by Application, 2019-2032 (USD Million)
- Table 2 Global Space Based Solar Power Market, by Satellite Type, 2019-2032 (USD Million)
- Table 3 Space Based Solar Power Market Assessment, By Geography, 2019-2032 (USD Million)
- Table 4 North America: Space Based Solar Power Market, by Application, 2019-2032 (USD Million)
- Table 5 North America: Space Based Solar Power Market, by Satellite Type, 2019-2032 (USD Million)
- Table 6 U.S.: Space Based Solar Power Market, by Application, 2019-2032 (USD Million)
- Table 7 U.S.: Space Based Solar Power Market, by Satellite Type, 2019-2032 (USD Million)
- Table 8 Canada: Space Based Solar Power Market, by Application, 2019-2032 (USD Million)
- Table 9 Canada: Space Based Solar Power Market, by Satellite Type, 2019-2032 (USD Million)
- Table 10 Europe: Space Based Solar Power Market, by Application, 2019-2032 (USD Million)
- Table 11 Europe: Space Based Solar Power Market, by Satellite Type, 2019-2032 (USD Million)
- Table 12 UK: Space Based Solar Power Market, by Application, 2019-2032 (USD Million)
- Table 13 UK: Space Based Solar Power Market, by Satellite Type, 2019-2032 (USD Million)
- Table 14 France: Space Based Solar Power Market, by Application, 2019-2032 (USD Million)
- Table 15 France: Space Based Solar Power Market, by Satellite Type, 2019-2032 (USD Million)
- Table 16 Germany: Space Based Solar Power Market, by Application, 2019-2032 (USD Million)
- Table 17 Germany: Space Based Solar Power Market, by Satellite Type, 2019-2032 (USD Million)
- Table 18 Italy: Space Based Solar Power Market, by Application, 2019-2032 (USD Million)
- Table 19 Italy: Space Based Solar Power Market, by Satellite Type, 2019-2032 (USD Million)
- Table 20 Spain: Space Based Solar Power Market, by Application, 2019-2032 (USD Million)
- Table 21 Spain: Space Based Solar Power Market, by Satellite Type, 2019-2032 (USD Million)
- Table 22 Netherlands: Space Based Solar Power Market, by Application, 2019-2032 (USD Million)
- Table 23 Netherlands: Space Based Solar Power Market, by Satellite Type, 2019-2032 (USD Million)
- Table 24 Russia: Space Based Solar Power Market, by Application, 2019-2032 (USD Million)
- Table 25 Russia: Space Based Solar Power Market, by Satellite Type, 2019-2032 (USD Million)
- Table 26 Asia Pacific: Space Based Solar Power Market, by Application, 2019-2032 (USD Million)
- Table 27 Asia Pacific: Space Based Solar Power Market, by Satellite Type, 2019-2032 (USD Million)
- Table 28 China: Space Based Solar Power Market, by Application, 2019-2032 (USD Million)
- Table 29 China: Space Based Solar Power Market, by Satellite Type, 2019-2032 (USD Million)
- Table 30 India: Space Based Solar Power Market, by Application, 2019-2032 (USD Million)
- Table 31 India: Space Based Solar Power Market, by Satellite Type, 2019-2032 (USD Million)
- Table 32 Malaysia: Space Based Solar Power Market, by Application, 2019-2032 (USD Million)
- Table 33 Malaysia: Space Based Solar Power Market, by Satellite Type, 2019-2032 (USD Million)
- Table 34 Japan: Space Based Solar Power Market, by Application, 2019-2032 (USD Million)
- Table 35 Japan: Space Based Solar Power Market, by Satellite Type, 2019-2032 (USD Million)
- Table 36 Indonesia: Space Based Solar Power Market, by Application, 2019-2032 (USD Million)
- Table 37 Indonesia: Space Based Solar Power Market, by Satellite Type, 2019-2032 (USD Million)
- Table 38 South Korea: Space Based Solar Power Market, by Application, 2019-2032 (USD Million)
- Table 39 South Korea: Space Based Solar Power Market, by Satellite Type, 2019-2032 (USD Million)
- Table 40 Middle East & Africa: Space Based Solar Power Market, by Application, 2019-2032 (USD Million)
- Table 41 Middle East & Africa: Space Based Solar Power Market, by Satellite Type, 2019-2032 (USD Million)
- Table 42 Saudi Arabia: Space Based Solar Power Market, by Application, 2019-2032 (USD Million)
- Table 43 Saudi Arabia: Space Based Solar Power Market, by Satellite Type, 2019-2032 (USD Million)
- Table 44 UAE: Space Based Solar Power Market, by Application, 2019-2032 (USD Million)
- Table 45 UAE: Space Based Solar Power Market, by Satellite Type, 2019-2032 (USD Million)
- Table 46 Israel: Space Based Solar Power Market, by Application, 2019-2032 (USD Million)
- Table 47 Israel: Space Based Solar Power Market, by Satellite Type, 2019-2032 (USD Million)
- Table 48 South Africa: Space Based Solar Power Market, by Application, 2019-2032 (USD Million)
- Table 49 South Africa: Space Based Solar Power Market, by Satellite Type, 2019-2032 (USD Million)
- Table 50 Latin America: Space Based Solar Power Market, by Application, 2019-2032 (USD Million)
- Table 51 Latin America: Space Based Solar Power Market, by Satellite Type, 2019-2032 (USD Million)
- Table 52 Mexico: Space Based Solar Power Market, by Application, 2019-2032 (USD Million)
- Table 53 Mexico: Space Based Solar Power Market, by Satellite Type, 2019-2032 (USD Million)
- Table 54 Brazil: Space Based Solar Power Market, by Application, 2019-2032 (USD Million)
- Table 55 Brazil: Space Based Solar Power Market, by Satellite Type, 2019-2032 (USD Million)
- Table 56 Argentina: Space Based Solar Power Market, by Application, 2019-2032 (USD Million)
- Table 57 Argentina: Space Based Solar Power Market, by Satellite Type, 2019-2032 (USD Million)
List of Figures
- Figure 1 Global Space Based Solar Power Market, 2019-2032 (USD Million)
- Figure 2 Integrated Ecosystem
- Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
- Figure 4 Market by Geography
- Figure 5 Porter's Five Forces
- Figure 6 Market by Application
- Figure 7 Global Space Based Solar Power Market, by Application, 2022 & 2032 (USD Million)
- Figure 8 Market by Satellite Type
- Figure 9 Global Space Based Solar Power Market, by Satellite Type, 2022 & 2032 (USD Million)
- Figure 10 Space Based Solar Power Market Assessment, By Geography, 2019-2032 (USD Million)
- Figure 11 Strategic Analysis - Space Based Solar Power Market
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