The Concentrating Solar Power Market research report provides a detailed analysis of diverse segments across 6 regions and 25 countries including Technology (Parabolic Trough, Power Tower, Linear Fresnel, Others), Component (Solar field, Power Block, Thermal Storage), Application (Residential, Commercial, Industrial), End-User (Utilities, EOR, Others).
Productivity, technology enablement, and sustainability remain the key market-driving forces in the global Concentrating Solar Power industry landscape. Companies that invest in that supply chain and operational resiliency are poised to gain a competitive edge over other market players. The global energy investments are set to increase from around $1,652 Billion in 2024 to $2845 Billion in 2040. As the world is making steady progress towards net zero, energy security, affordability, and industrial competitiveness remain key focus areas of most Concentrating Solar Power companies. The Concentrating Solar Power demand trajectory varies based on multiple scenarios, from macroeconomic conditions, regulatory support, investment scenarios, and the global landscape. Decision makers across the Concentrating Solar Power industry value chain formulating long-term transition strategies with a diverse range of future scenarios are likely to stay ahead of the competition curve.
In the concentrating solar power (CSP) market, there's a trend towards harnessing solar thermal energy through mirrors or lenses to concentrate sunlight onto a small area for heat generation. Innovations in CSP technologies, including parabolic troughs, solar power towers, and dish systems, are prevalent trends. Additionally, the adoption of CSP for electricity generation, industrial process heat, and thermal energy storage is gaining traction. Moreover, advancements in heat transfer fluids, molten salt storage, and hybrid CSP systems are shaping the market.
Key drivers propelling the concentrating solar power market include the high potential for utility-scale solar power, the ability to provide dispatchable energy, and the focus on renewable energy with storage capabilities. CSP offers advantages such as energy storage, grid stability, and potential for large-scale energy production, driving its adoption in solar thermal projects. Moreover, supportive policies promoting CSP deployment, technological advancements in thermal storage, and the quest for clean and reliable energy contribute significantly to market growth.
Opportunities in the concentrating solar power market lie in scaling up CSP installations and optimizing solar thermal technologies for commercial viability. Collaboration among CSP developers, technology providers, and regulatory bodies offers significant growth prospects. Moreover, investing in research and development for advanced CSP systems, cost-effective thermal storage solutions, and hybrid CSP-PV configurations can unlock new avenues for market expansion. Exploring emerging markets with high solar irradiance and promoting the benefits of CSP for dispatchable renewable energy can further drive market growth and facilitate the adoption of concentrated solar power solutions.
By Technology
• Parabolic Trough
• Power Tower
• Linear Fresnel
• Others
By Component
• Solar field
• Power Block
• Thermal Storage
By Application
• Residential
• Commercial
• Industrial
By End-User
• Utilities
• EOR
• Others
• Aalborg CSP A/S
• Abengoa Solar, S.A.
• Acciona, S.A.
• ACWA Power International
• Areva Solar
• BrightSource Energy, Inc
• Engie SA
• ESolar, Inc.
• Ibereolica Group
• NextEra Energy Resources, LLC
• SCHOTT Solar AG
• SkyFuel, Inc.
• Solar Millennium AG
• SolarReserve, LLC
• TSK Flagsol Engineering GmbH
• Deepen your industry insights and navigate uncertainties for strategy formulation, CAPEX, and Operational decisions
• Gain access to detailed insights on the Concentrating Solar Power market, encompassing current market size, growth trends, and forecasts till 2034.
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• Stay ahead of the curve with insights on technological advancements, innovations, and upcoming trends
• Identify lucrative investment avenues and expansion opportunities within the Concentrating Solar Power industry, guided by robust, data-backed analysis.
• Understand regional and global markets through country-wise analysis, regional market potential, regulatory nuances, and dynamics
• Execute strategies with confidence and speed through information, analytics, and insights on the industry value chain
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TABLE OF CONTENTS
1 INTRODUCTION TO 2025 Concentrating Solar Power MARKETS
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Analyzed
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain
2 RESEARCH METHODOLOGY
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations
3 EXECUTIVE SUMMARY
3.1 Global Concentrating Solar Power Market Size Outlook, $ Million, 2021 to 2034
3.2 Concentrating Solar Power Market Outlook by Type, $ Million, 2021 to 2034
3.3 Concentrating Solar Power Market Outlook by Product, $ Million, 2021 to 2034
3.4 Concentrating Solar Power Market Outlook by Application, $ Million, 2021 to 2034
3.5 Concentrating Solar Power Market Outlook by Key Countries, $ Million, 2021 to 2034
4 MARKET DYNAMICS
4.1 Key Driving Forces of Concentrating Solar Power Industry
4.2 Key Market Trends in Concentrating Solar Power Industry
4.3 Potential Opportunities in Concentrating Solar Power Industry
4.4 Key Challenges in Concentrating Solar Power Industry
5 MARKET FACTOR ANALYSIS
5.1 Competitive Landscape
5.1.1 Global Concentrating Solar Power Market Share by Company
5.1.2 Product Offerings by Company
5.2 Porter’s Five Forces Analysis
6 GROWTH OUTLOOK ACROSS SCENARIOS
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts
7 GLOBAL Concentrating Solar Power MARKET OUTLOOK BY SEGMENTS
7.1 Concentrating Solar Power Market Outlook by Segments
Technology
- Parabolic Trough
- Power Tower
- Linear Fresnel
- Others
Component
- Solar field
- Power Block
- Thermal Storage
Application
- Residential
- Commercial
- Industrial
End-User
- Utilities
- EOR
- Others
8 NORTH AMERICA Concentrating Solar Power MARKET ANALYSIS AND OUTLOOK TO 2030
8.1 Introduction to North America Concentrating Solar Power Markets in 2024
8.2 North America Concentrating Solar Power Market Size Outlook by Country, 2021-2034
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Concentrating Solar Power Market size Outlook by Segments, 2021-2034
Technology
- Parabolic Trough
- Power Tower
- Linear Fresnel
- Others
Component
- Solar field
- Power Block
- Thermal Storage
Application
- Residential
- Commercial
- Industrial
End-User
- Utilities
- EOR
- Others
9 EUROPE Concentrating Solar Power MARKET ANALYSIS AND OUTLOOK TO 2030
9.1 Introduction to Europe Concentrating Solar Power Markets in 2024
9.2 Europe Concentrating Solar Power Market Size Outlook by Country, 2021-2034
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Concentrating Solar Power Market size Outlook by Segments, 2021-2034
Technology
- Parabolic Trough
- Power Tower
- Linear Fresnel
- Others
Component
- Solar field
- Power Block
- Thermal Storage
Application
- Residential
- Commercial
- Industrial
End-User
- Utilities
- EOR
- Others
10 ASIA PACIFIC Concentrating Solar Power MARKET ANALYSIS AND OUTLOOK TO 2030
10.1 Introduction to Asia Pacific Concentrating Solar Power Markets in 2024
10.2 Asia Pacific Concentrating Solar Power Market Size Outlook by Country, 2021-2034
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Concentrating Solar Power Market size Outlook by Segments, 2021-2034
Technology
- Parabolic Trough
- Power Tower
- Linear Fresnel
- Others
Component
- Solar field
- Power Block
- Thermal Storage
Application
- Residential
- Commercial
- Industrial
End-User
- Utilities
- EOR
- Others
11 SOUTH AMERICA Concentrating Solar Power MARKET ANALYSIS AND OUTLOOK TO 2030
11.1 Introduction to South America Concentrating Solar Power Markets in 2024
11.2 South America Concentrating Solar Power Market Size Outlook by Country, 2021-2034
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Concentrating Solar Power Market size Outlook by Segments, 2021-2034
Technology
- Parabolic Trough
- Power Tower
- Linear Fresnel
- Others
Component
- Solar field
- Power Block
- Thermal Storage
Application
- Residential
- Commercial
- Industrial
End-User
- Utilities
- EOR
- Others
12 MIDDLE EAST AND AFRICA Concentrating Solar Power MARKET ANALYSIS AND OUTLOOK TO 2030
12.1 Introduction to Middle East and Africa Concentrating Solar Power Markets in 2024
12.2 Middle East and Africa Concentrating Solar Power Market Size Outlook by Country, 2021-2034
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Concentrating Solar Power Market size Outlook by Segments, 2021-2034
Technology
- Parabolic Trough
- Power Tower
- Linear Fresnel
- Others
Component
- Solar field
- Power Block
- Thermal Storage
Application
- Residential
- Commercial
- Industrial
End-User
- Utilities
- EOR
- Others
13 COMPANY PROFILES
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
List of Companies
- Aalborg CSP A/S
- Abengoa Solar, S.A.
- Acciona, S.A.
- ACWA Power International
- Areva Solar
- BrightSource Energy, Inc
- Engie SA
- ESolar, Inc.
- Ibereolica Group
- NextEra Energy Resources, LLC
- SCHOTT Solar AG
- SkyFuel, Inc.
- Solar Millennium AG
- SolarReserve, LLC
- TSK Flagsol Engineering GmbH
14 APPENDIX
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise
By Technology
• Parabolic Trough
• Power Tower
• Linear Fresnel
• Others
By Component
• Solar field
• Power Block
• Thermal Storage
By Application
• Residential
• Commercial
• Industrial
By End-User
• Utilities
• EOR
• Other
The Global Concentrating Solar Power Market size is estimated at $12.2 Billion in 2025 and is forecast to register an annual growth rate (CAGR) of 24.5% to reach $87.7 Billion by 2034
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
Aalborg CSP A/S, Abengoa Solar, S.A., Acciona, S.A., ACWA Power International, Areva Solar, BrightSource Energy, Inc, Engie SA, ESolar, Inc., Ibereolica Group, NextEra Energy Resources, LLC, SCHOTT Solar AG, SkyFuel, Inc., Solar Millennium AG, SolarReserve, LLC, TSK Flagsol Engineering GmbH,
Base Year- 2024; Estimated Year- 2025; Historic Period- 2019-2024; Forecast period- 2025 to 2034; Currency: Revenue (USD); Volume