PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1497695
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1497695
Space-Based Solar Power Market Report (2030 - 2035) - Size and Share Analysis, Industry Trends, and Growth Forecasts
Key Insights
The space-based solar power market will reach USD 4,151.2 million in 2030, and it will further grow at a 4.5% CAGR to reach USD 5,166.4 million, by 2035.
The industry is largely influenced by the growing need for renewable and clean energy worldwide. Government organizations and companies are continuously searching for alternatives to conventional energy sources.
The rising utilization of electronic devices, industrialization, and surging population are the major factors that are resulting in the rising emphasis on these energy resources.
Space-based solar power can provide a constant supply of renewable energy without interference by the day-night cycle and weather.
This technology has great potential to cater to the rising need for energy while decreasing the effects of climate change and greenhouse gas emissions.
Space-based solar power, in the past, faced several challenges, including expensive satellite launches, the requirement for intricate facilities, and less energy transfer.
However, Technological advancements and improvements in PV materials, along with the idea of multiple satellite launches, have formed a growth opportunity for the industry.
These improvements in technologies are because of the increasing capital, collaboration among space agencies of different nations, and rising research efforts.
These improvements seek to improve the viability and cost of SBSP, which is promoting the further expansion and commercialization of this developing technology.
New ideas like portable solar cells, which are grounded on, laser technology, automation, and microwave technology are now being researched by academic institutions and businesses.
Key Insights
North America will be the largest contributor to the industry. This continent has an advanced space exploration environment, which comprises satellite manufacturing sites, space station associations, and launch facilities.
Regional governments and reputable aerospace firms are also funding in space-based solar power technology development.
The microwave-transmitting solar satellites category will be the largest contributor to the industry in 2030, with an 80% share.
These satellites are a well-known as well as proven vehicles that have been subjected to substantial studies. This has built trust in them among investors and organizations.
Table of Contents
Chapter 1. Research Scope
- 1.1. Research Objectives
- 1.2. Market Definition
- 1.3. Analysis Period
- 1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by satellite type
- 1.4.2. Market size breakdown, by application
- 1.4.3. Market size breakdown, by end user
- 1.4.4. Market size breakdown, by region
- 1.5. Market Data Reporting Unit
Chapter 2. Research Methodology
Chapter 3. Executive Summary
Chapter 4. Voice of Industry Experts/KOLs
Chapter 5. Market Indicators
Chapter 6. Industry Outlook
Chapter 7. Competitive Landscape
Chapter 8. Global Market
Chapter 9. North America Market
Chapter 10. Europe Market
Chapter 11. APAC Market
Chapter 12. LATAM Market
Chapter 13. MEA Market
Chapter 14. Company Profiles
Chapter 15. Appendix
