Solar Updraft Tower Market - Global Industry Analysis, Market Size, Share, Growth, Trends & Forecasts 2017 - 2025

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Solar Updraft Tower Market - Global Industry Analysis, Market Size, Share, Growth, Trends & Forecasts 2017 - 2025

Status : November, 2020 | Energy & Mining | PPT format

Report Digest


Global Solar Updraft Tower Market: Snapshot

Although the capital investments are being discouraged due to the large area required and the high initial cost incurred in constructing a very large new structure, the solar updraft tower market is witnessing a renewed interest, especially in sunny remote areas. Since solar updraft towers technology is the only renewable energy technology that can produce electricity from low temperature heat, its demand is likely to rise significantly in the near future.  Recently, a few novel projects have been proposed in several countries, such as Africa, the U.S., and Australia; however, capitalization is becoming a severe issue for market players.

A conventional solar updraft tower has a considerably lower power conversion rate in comparison with the other technologies used for solar thermal collection in the high temperature group. The low cost per sq. mtr of solar collection, however, balanced the low conversion rate to some extent. A 100 MW unit generally requires a 1,000 m tower and a 20 square kilometers greenhouse. A 200 MW unit with the same tower needs a collector of 7 kilometers in diameter.

The efficiency of a transpired solar collector is almost double than a glazed collector. The additional improvement in efficiency can be gained through modifying the design of the turbine and chimney to increase the speed of the air by using a venturi configuration. However, the atmospheric winds, the reflection of the greenhouse canopy, and the drags induced by the bracings utilized for supporting the chimney may degrade the performance of the tower.

Global Solar Updraft Tower Market: Overview

Conventional power generation from oil, natural gas, and other non-renewable other sources is adversely affecting the environment. All of these sources are non-sustainable when it comes to preserving natural integrity over the long run and many nations are already finding it difficult to keep up with affording to run all energy demands solely off non-renewable sources. The solar updraft tower technology is one of the prime renewable sources that is expected to fulfill the ever-increasing demand for clean and sustainable energy. Solar updraft towers are based on the principle of convection, where air can be heated through solar energy and used to drive turbines and eventually generating power. Air is heated using solar radiation beneath a transparent roof/covering. In the center of the plant lies an upright tower with large air inlets at the base.

Global Solar Updraft Tower Market: Top Drivers

Of the several factors propelling the global solar updraft tower market today, one of the leading factors has to be the very high need for clean, sustainable, and reliable sources of energy. On the other hand, the global solar updraft tower market is being restrained by the time and capital required for setting up the plant. However, environmental concerns are constantly growing in terms of fuel conservation and the global solar updraft tower market provides a long term solution for energy deficiency, which is expected to bring up new opportunities in the market for both, players and the investors.

Global Solar Updraft Tower Market: Segmentation and Analysis

The solar updraft market can be segmented on the basis of the types of components, into collectors, storage, towers, and turbines. The air collector is a plastic film or glass glazing, which is used to collect the air produced from the greenhouse effect. The glazing is stretched a few meters above the ground and the radius of the tower increases towards the base of the tower. The air is diverted from horizontal movement into vertical with minimal frictional loss. The ground under the roof heats up, and through solar radiation, the heat is transferred to the air flowing towards the tower. Storage devices are used to store the generated thermal energy.

Towers are usually the thermal engines of solar updraft plants. These are pressure tubes with minimal friction loss because of the surface to volume ratio. In a huge solar updraft tower, the collector elevates the temperature by about 30 to 35 Kelvin. This generates an upward velocity in the tower of close to 15 m/sec. Turbines are used to convert heat energy into rotational energy derived from the tower. The turbines in the solar updraft tower work a shrouded pressure stage or a wind turbo generator, in which static power is converted into rotational energy, using a cased turbine. The output is proportional to the volume flown and pressure differential over the turbine.

Global Solar Updraft Tower Market: Regional Assessment

In the European region, a small scale demonstration plant is currently operational in Manzanares, Spain. In the North America, multiple projects are expected to be approved and built in the coming years. In the Asia Pacific region, tropical locations and such as India and parts of Australia can be great options from an investor’s point of view. Currently, in China, a 200 kilowatt updraft tower is operational in Jinshawan in Inner Mongolia.

Global Solar Updraft Tower Market: Top Names in the Market

The key players in the solar updraft tower market so far were EnviroMission and Hyperion Energy.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?