Global Space-Based Solar Power Market Size, Trends and Growth Opportunity, By Solar Satellite Type (Microwave Transmitting Solar Satellite, Laser Transmitting Solar Satellite), Application (Electricity Generation, Space Applications), By Region and Forecast Till 2027.
Global Space-Based Solar Power Market
The Global Space-Based Solar Power Market was valued at US$455 million in 2021 and it is expected to reach at US$821 million in 2027 at a CAGR of 8.05% during forecast period 2022-2027.
Solar power systems that use solar panels in space to produce solar energy can also be used to transmit that energy to the earth using satellite systems that transmit microwave and laser signals. Space-based solar power has been linked to a number of advantages. For instance, it does not release radioactive radiation, aids in the production of clean baseload power, or cools equipment.
Market Drivers
The space-based solar power market is anticipated to grow as awareness of solar energy usage and the advantages of using solar power from space rather than solar power from the earth increases. Additionally, the use of renewable energy sources will promote the development of industry. Rapid urbanization and growing public knowledge of the advantages of solar energy use are further factors that will support the market's expansion.
Market Restraints
The hefty initial investment required for space-based solar generation has hampered its growth rate. In addition, space-based solar energy presents some additional logistical difficulties. The high cost of solar power generated in space, as well as installation and maintenance costs and transit costs. As a result, the cost restrictions will pose a serious obstacle to the growth of the market for space-based solar power.
Market Segmentation
The global space-based solar power market is segmented into solar satellite type and application. By solar satellite type it segmented into microwave transmitting solar satellite, laser transmitting solar satellite. By application it segmented into electricity generation, space applications.
Regional Analysis
The global space-based solar power market segmented into five regions North America, Europe, Latin America, Asia Pacific, Middle East and Africa. Due to increased awareness of solar energy use and its benefits in extracting solar power from space rather than earth-based solar power in this region, Asia-Pacific currently holds a dominant market share and revenue position in the space-based solar power industry.
Key Players
Various key players are listed in this report such as AIRBORNE (U.S.), ZUR SPACE Solar Power GmbH (Germany), Fralock Holdings, (U.S.), JAPAN AEROSPACE EXPLORATION AGENCY (Japan), NORTHROP GRUMMAN (U.S.), Borrego Energy, LLC (U.S.), SOLAREN CORPORATION (U.S.), SPACETECH GmbH (Germany), Space Canada (Canada), DHV Technology (Spain)
Market Taxonomy
By Solar Satellite Type
Microwave Transmitting Solar Satellite
Laser Transmitting Solar Satellite
By Application
Electricity Generation
Space Applications
Key Question Addressed by the Report
What are the Key Opportunities in Global Space-Based Solar Power Market?
What will be the growth rate from 2022 to 2027.
Which segment/region will have highest growth?
What are the factors that will impact/drive the Market?
What is the role of key players in the value chain?
- 1 Introduction
- 1.1 Objective of the Study
- 1.2 Market definition
- 1.3 Market Scope
- 2 Research Methodology
- 2.1 Data Mining
- 2.2 Validation
- 2.3 Primary Interviews
- 2.4 List of Data Sources
- 3 Executive Summary
- 4 Global Space-Based Solar Power Market Outlook
- 4.1 Overview
- 4.2 Market Dynamics
- 4.2.1 Drivers
- 4.2.2 Restraints
- 4.2.3 Opportunities
- 4.3 Porters Five Force Model
- 4.4 Value Chain Analysis
- 5 Global Space-Based Solar Power Market, By Solar Satellite Type
- 5.1 Y-o-Y Growth Comparison, By Solar Satellite Type
- 5.2 Global Space-Based Solar Power Market Share Analysis, By Solar Satellite Type
- 5.3 Global Space-Based Solar Power Market Size and Forecast, By Solar Satellite Type
- 5.3.1 Microwave Transmitting Solar Satellite
- 5.3.2 Laser Transmitting Solar Satellite
- 6 Global Space-Based Solar Power Market, By Application
- 6.1 Y-o-Y Growth Comparison, By Application
- 6.2 Global Space-Based Solar Power Market Share Analysis, By Application
- 6.3 Global Space-Based Solar Power Market Share Analysis, By Application
- 6.3.1 Electricity Generation
- 6.3.2 Space Applications
- 7 Global Space-Based Solar Power Market, By Region
- 7.1 Global Space-Based Solar Power Market Share Analysis, By Region
- 7.2 Global Space-Based Solar Power Market Share Analysis, By Region
- 8 North America Space-Based Solar Power Analysis and Forecast (2022-2027)
- 8.1 Introduction
- 8.2 North America Space-Based Solar Power Market Share Analysis, By Solar Satellite Type
- 8.3 North America Space-Based Solar Power Size and Forecast, By Application
- 8.4 North America Space-Based Solar Power Market Size and Forecast, By Country
- 8.4.1 U.S
- 8.4.2 Canada
- 8.4.3 Mexico
- 9 Europe Space-Based Solar Power Market Analysis and Forecast (2022-2027)
- 9.1 Introduction
- 9.2 Europe Space-Based Solar Power Market Share Analysis, By Solar Satellite Type
- 9.3 Europe Space-Based Solar Power Market Size and Forecast, By Application
- 9.4 Europe Space-Based Solar Power Market Size and Forecast, By Country
- 9.4.1 Germany
- 9.4.2 France
- 9.4.3 UK
- 9.4.4 Rest of Europe
- 10 Asia Pacific Space-Based Solar Power Market Analysis and Forecast (2022-2027)
- 10.1 Introduction
- 10.2 Asia-Pacific Space-Based Solar Power Market Size and Forecast, By Solar Satellite Type
- 10.3 Asia-Pacific Space-Based Solar Power Market Size and Forecast, By Application
- 10.4 Asia-Pacific Space-Based Solar Power Market Size and Forecast, By Country
- 10.4.1 China
- 10.4.2 Japan
- 10.4.3 India
- 10.4.4. Rest of Asia Pacific
- 11 Latin America Space-Based Solar Power Market Analysis and Forecast (2022-2027)
- 11.1 Introduction
- 11.2 Latin America Space-Based Solar Power Market Size and Forecast, By Solar Satellite Type
- 11.3 Latin America Space-Based Solar Power Market Size and Forecast, By Application
- 11.4 Latin America Space-Based Solar Power Market Size and Forecast, By Country
- 11.4.1 Brazil
- 11.4.2. Rest of Latin America
- 12 Middle East Space-Based Solar Power Market Analysis and Forecast (2022-2027)
- 12.1 Introduction
- 12.2 Middle East Space-Based Solar Power Market Share Analysis, By Solar Satellite Type
- 12.3 Middle East Space-Based Solar Power Market Size and Forecast, By Application
- 12.4 Middle East Space-Based Solar Power Market Size and Forecast, By Country
- 12.4.1. Saudi Arabia
- 12.4.2. UAE
- 12.4.2. Egypt
- 12.4.4. Kuwait
- 12.4.5. South Africa
- 13 Competitive Analysis
- 13.1 Competition Dashboard
- 13.2 Market share Analysis of Top Vendors
- 13.3 Key Development Strategies
- 14 Company Profiles
- 14.1. AIRBORNE (U.S.)
- 14.1.1 Overview
- 14.1.2 Offerings
- 14.1.3 Key Financials
- 14.1.4 Business Segment & Geographic Overview
- 14.1.5 Key Market Developments
- 14.1.6 Key Strategies
- 14.2. ZUR SPACE Solar Power GmbH (Germany)
- 14.2.1 Overview
- 14.2.2 Offerings
- 14.2.3 Key Financials
- 14.2.4 Business Segment & Geographic Overview
- 14.2.5 Key Market Developments
- 14.2.6 Key Strategies
- 14.3. Fralock Holdings, (U.S.)
- 14.3.1 Overview
- 14.3.2 Offerings
- 14.3.3 Key Financials
- 14.3.4 Business Segment & Geographic Overview
- 14.3.5 Key Market Developments
- 14.3.6 Key Strategies
- 14.4. JAPAN AEROSPACE EXPLORATION AGENCY (Japan)
- 14.4.1 Overview
- 14.4.2 Offerings
- 14.4.3 Key Financials
- 14.4.4 Business Segment & Geographic Overview
- 14.4.5 Key Market Developments
- 14.4.6 Key Strategies
- 14.5. NORTHROP GRUMMAN (U.S.)
- 14.5.1 Overview
- 14.5.2 Offerings
- 14.5.3 Key Financials
- 14.5.4 Business Segment & Geographic Overview
- 14.5.5 Key Market Developments
- 14.5.6 Key Strategies
- 14.6. Borrego Energy, LLC (U.S.)
- 14.6.1 Overview
- 14.6.2 Offerings
- 14.6.3 Key Financials
- 14.6.4 Business Segment & Geographic Overview
- 14.6.5 Key Market Developments
- 14.6.6 Key Strategies
- 14.7. SOLAREN CORPORATION (U.S.)
- 14.7.1 Overview
- 14.7.2 Offerings
- 14.7.3 Key Financials
- 14.7.4 Business Segment & Geographic Overview
- 14.7.5 Key Market Developments
- 14.7.6 Key Strategies
- 14.8. SPACETECH GmbH (Germany)
- 14.8.1 Overview
- 14.8.2 Offerings
- 14.8.3 Key Financials
- 14.8.4 Business Segment & Geographic Overview
- 14.8.5 Key Market Developments
- 14.8.6 Key Strategies
- 14.9. Space Canada (Canada)
- 14.9.1 Overview
- 14.9.2 Offerings
- 14.9.3 Key Financials
- 14.9.4 Business Segment & Geographic Overview
- 14.9.5 Key Market Developments
- 14.9.6 Key Strategies
- 14.10. DHV Technology (Spain)
- 14.10.1 Overview
- 14.10.2 Offerings
- 14.10.3 Key Financials
- 14.10.4 Business Segment & Geographic Overview
- 14.10.5 Key Market Developments
- 14.10.6 Key Strategies
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