Development of dedicated infrastructure for efficient satellite deployment and power transmission in space operations.
Wilmington, Delaware, USA, January. 09, 2024 (GLOBE NEWSWIRE) – Transparency Market Research Inc. - The global space-based solar energy market is expected to grow at a CAGR of 26.4% between 2023 and 2031. A market transparency study predicts that the space-based solar energy market will reach $3.4 billion by the end of 2031.
The government provides tax incentives, subsidies or policy support for the development of SBSPs to stimulate private investment, promote market growth and technological innovation. Collaboration between SBSP efforts and space mining initiatives benefits from shared infrastructure such as B. Orbital platforms that reduce costs and speed up SBSP deployment.
Get a sample of this research report in PDF format at https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=85459.
Increasing global efforts to mitigate climate change are generating growing interest in SBSP as a reliable energy source, especially in disaster-prone regions where sustainable energy solutions are required. Exploring SBSP for military applications such as powering remote bases adds a new dimension and contributes to technological progress and commercial viability. The growth of space tourism is increasing the need for sustainable energy sources in space and driving investment and innovation in SBSP technologies for such enterprises.
Space solar energy market: competitive environment
The space solar energy market has a competitive landscape led by key players such as Solaren Corporation, Northrop Grumman, and Mitsubishi Electric. These industry leaders have pioneered satellite-based solar power transmission technology, prioritizing energy efficiency and sustainability. New competitors such as SpaceTech GmbH and SPS Global are also introducing innovative concepts, thereby driving market growth.
Cooperation between government space agencies and private companies increases competition. Continuous research and development efforts, deployment of low-cost satellites and advances in space technology are propelling the sector forward and creating a vibrant market that offers innovative clean and renewable energy solutions on a global scale. Some of the largest manufacturers are as follows:
In the air
AZUR SPACE Solar Power GmbH
CESI SPA
Production and automation of innovative materials Fralock
Japan Aerospace Exploration Agency
Northrop Grumman Company
Technology company SolAero
Solaren Company
SpaceTech GmbH
Boeing Company
Key Findings from the Market Report
These types of microwave solar satellites are leading the space solar power market for efficient transmission of solar energy to Earth.
Power generation is becoming an important application segment in the space-based solar energy market, with a focus on using solar energy from space to generate electricity on Earth.
Technological innovation and strong investments have positioned North America as the leading region in the space-based solar energy market.
Growth drivers and trends of the space solar energy market
Further developments in satellite technology and launch capabilities will increase the feasibility and efficiency of space-based solar power systems.
Growing global attention to clean energy sources is leading to increased interest in space-based solar energy for sustainable electricity generation.
Reducing satellite launch costs improves the commercial viability and sustainability of space-based solar energy initiatives.
Growing partnerships between governments, space agencies and private organizations are driving research and development and driving innovation in SBSP technology.
Innovations in wireless power transmission techniques make it possible to efficiently collect and transmit solar energy from space to Earth.
Request PDF Brochure Industry Analytics and Business Intelligence: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=85459 .
Global Space Solar Energy Market: Regional Profile
North America is a leader in space-based solar energy innovation , especially in the United States, thanks to private space companies such as Solaren Corporation and Northrop Grumman. Major investments in space technology and renewable energy support the development of satellite transmission of solar energy.
Europe has significant potential for solar energy production in space, especially in countries such as Germany and France. Initiatives by the European Space Agency (ESA) and collaborations with private institutions such as SpaceTech GmbH are driving research and development into renewable energy in space.
The Asia-Pacific region has a growing interest in space-based solar power , led by Japan and China. Japan's space-based solar power system and China's ambitious space initiatives are driving technological progress and highlighting SBSP's potential for sustainable energy production.
Product portfolio
Solaren Corporation specializes in advanced solar energy solutions. Its product portfolio includes advanced solar modules, energy storage systems and satellite solar power transmission technologies, pioneering innovative renewable energy solutions to meet global energy needs sustainably and efficiently.
SpaceTech GmbH offers a diverse portfolio of solutions in the field of space technology. From satellite design and manufacturing to propulsion systems and ground equipment, they provide innovative space technology services, contributing to space exploration and satellite launches around the world.
The Boeing Company is a leading aerospace manufacturer with a broad product portfolio that includes commercial aircraft, defense, space and security systems. Its offerings include aircraft, satellites, defense systems and space exploration solutions that meet the diverse needs of the global aerospace industry.
Space-based solar energy market: key segments
Depending on the type of solar satellite
In the application
Power plants
Space applications
By region
North America
Latin America
Europe
Asian Pacific
Middle East and Africa
Order a copy of the report at: https://www.transparencymarketresearch.com/checkout.php?rep_id=85459<ype=S .
Check out other TMR reports:
Market of geophysical services . The global geophysical services market was valued at US$19.4 billion in 2021 . It is expected to grow at a CAGR of 4.5% between 2022 and 2031 . The global geophysical services market is expected to reach US$30.0 billion by the end of 2031.
Waste Management Market . The global waste management industry is valued at US$726.6 billion in 2021. It is estimated that between 2022 and 2031 its average annual growth will be 4.1% . The global market is expected to exceed $1.1 trillion by the end of 2031.
About transparency of marketing research
Transparency Market Research , a global research firm based in Wilmington, Delaware, USA, provides specialized research and advisory services. Our exclusive combination of quantitative forecasts and trend analysis provides insight into the future for thousands of decision makers. Our experienced team of analysts, researchers and consultants use proprietary data sources and a variety of tools and techniques to collect and analyze information.
Our data warehouses are constantly updated and reviewed by a team of expert researchers, so they always reflect the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research uses rigorous primary and secondary research methods to develop customized data sets and research materials for business reports.
Contact :
Nikhil Sawlani
Transparency Research Market Inc.
COMPANY CITY,
1000 N. West St.
Suite 1200, Wilmington, DE 19801 USA
Phone: +1-518-618-1030
Toll free from USA to Canada : 866-552-3453.
Website: https://www.transparencymarketresearch.com.
Email: sales@transparencymarketresearch.com
Follow us: LinkedIn | Twitter | Blog | on YouTube
A dire warning from a wise parent about what will happen next...
