Global Space Based Solar Market Report Size, Trends & Growth Opportunity, By Solar Satellite Type (Microwave Transmitting Solar Satellite, Laser Transmitting Solar Satellite), By Application (Electricity Generation, Space Applications) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East & South Africa) And Forecast Till 2027.
Global Space-Based Solar Market
The Global Space Based Solar Market has a value of USD 473.7 Million in 2021 and is anticipated to increase at a 6.48 % CAGR from 2022 to 2027 to reach USD 759.9 Million.SBSP is the concept of collecting solar power in space and wirelessly transmitting it to Earth for use as a source of clean energy. The basic concept is to place solar panels in orbit around the Earth to collect sunlight without interference from the atmosphere and then beam the energy down to Earth using microwaves or lasers.
Market Drivers
The market for space-based solar power is expected to expand as people become more aware of the benefits of using solar energy from space rather than solar energy from Earth. Furthermore, the use of renewable energy sources will promote industrial development. Rapid urbanization and growing public awareness of the benefits of solar energy use are two other factors that will help the market grow.
Market Restraints
The slow rate of growth of space-based solar generation has been caused by the significant initial investment needed. However, there are certain extra logistical challenges associated with solar energy located in space. the high cost of solar energy produced in space, as well as transportation and installation charges. As a result, the cost constraints will be a significant barrier to the market expansion for space-based solar generation.
Market Segmentation
The Global Space Based Solar Market is segmented into Solar Satellite Type (Microwave Transmitting Solar Satellite, Laser Transmitting Solar Satellite), Application (Electricity Generation, Space Applications), and Region (North America, Europe, Asia Pacific, Latin America, Middle East & South Africa).
Regional Analysis
One of the key markets for solar energy from space is Europe. The European market will be driven by the increase in projects for installing clean energy. European nations, particularly those in Scandinavia, have greatly increased their capacity for renewable energy. Also, the market in Europe is anticipated to expand over the course of the forecasted period as more people become aware of solar energy and its advantages over obtaining solar electricity from the sun's surface rather than from space.
The market for space-based solar power has shown substantial expansion in the Asia Pacific area and is anticipated to do so throughout the duration of the projection period. The substantial customer base in the region as well as increased research and development in space-based solar power are to blame for this. Moreover, China, Japan, and India have solidified their positions as major hubs for solar energy production and space missions, propelling the Asia Pacific space-based solar power market to new heights throughout the anticipated time.
Key Players
The Key Players in the Global Lithium Air Battery Market are Borrego Energy, LLC, Solaren Corporation, Spacetech Gmbh, Space Canada, Dhv Technologies, Airborne, Zur Space Solar Power Gmbh, Fralock Holdings, Japan Aerospace Exploration Agency.
Market Taxonomy
Solar Satellite Type
• Microwave Transmitting Solar Satellite
• Laser Transmitting Solar Satellite
Application
• Electricity Generation
• Space Applications
Regional Outlook
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and South Africa
Space Based Solar Market
1 Introduction
1.1 Objective 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 Space Based Solar Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn
4.2.6 Post covid-19 world Supply& Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Space Based Solar Market, By Solar Satellite Type
5.1 Y-o-Y Growth Comparison, By Solar Satellite Type
5.3 Global Space Based Solar Market Share Analysis, By Solar Satellite Type
5.3 Global Space Based Solar 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 Market, By Type
6.1 Y-o-Y Growth Comparison, By Type
6.2 Space Based Solar Market Share Analysis, By Type
6.3 Space Based Solar Market Size and Forecast, By Type
6.3.1 Electricity Generation
6.3.2 Space Applications
7 Global Space Based Solar Market, By Region
7.1 Global Space Based Solar Market Share Analysis, By Region
7.2 Global Space Based Solar Market Size and Forecast, By Region
8 North America Space Based Solar Market Analysis and Forecast (2022-2027)
8.1 Introduction
8.2 North America Space Based Solar Market Size and Forecast, By Solar Satellite Type
8.3 North America Space Based Solar Market Size and Forecast, By Type
8.4 North America Space Based Solar Market Size and Forecast, By Country
8.4.1 U.S.
8.4.2 Canada
8.4.3 Mexico
9 Europe Space Based Solar Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 Europe Space Based Solar Market Share Analysis, By Solar Satellite Type
9.3 Europe Space Based Solar Market Size and Forecast, By Type
9.4 Europe Space Based Solar 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 Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Asia Pacific Space Based Solar Market Share Analysis, By Solar Satellite Type
10.3 Asia Pacific Space Based Solar Market Size and Forecast, By Type
10.4 Asia Pacific Space Based Solar 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 Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Latin America Space Based Solar Market Share Analysis, By Solar Satellite Type
11.3 Latin America Space Based Solar Market Size and Forecast, By Type
11.4 Latin America Space Based Solar Market Size and Forecast, By Country
11.4.1. Brazil
11.4.2. Rest of Latin America
12 Middle East Space Based Solar Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Middle East Space Based Solar Market Share Analysis, By Solar Satellite Type
12.3 Middle East Space Based Solar Market Size and Forecast, Type
12.4 Middle East Space Based Solar Market Size and Forecast, By Country
12.4.1. Saudi Arabia
12.4.2. UAE
12.4.3. 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 Borrego Energy
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. LLC
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. Solaren Corporation
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 Spacetech Gmbh
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 Space Canada
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 Dhv Technologies
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 Airborne
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 Zur Space Solar Power Gmbh
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 Fralock Holdings
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 Japan Aerospace Exploration Agency.
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
