Global Concentrating Solar Power Market Size Study & Forecast, by Type (Parabolic Trough, Power Tower, Linear Fresnel), by Application (Residential, Non-Residential, Utility) and Regional Forecasts 2025-2035

Description

The Global Concentrating Solar Power Market is valued at approximately USD 77.16 billion in 2024 and is projected to expand at an exceptional compound annual growth rate of 45.53% over the forecast period 2025-2035. Concentrating Solar Power (CSP) technology harnesses sunlight by using mirrors or lenses to concentrate solar radiation onto a receiver, thereby generating high-temperature heat that can be converted into electricity through conventional turbines. Unlike traditional photovoltaic systems, CSP integrates thermal energy storage, enabling power generation even after sunset and positioning itself as a critical pillar in the transition toward dispatchable renewable energy. Anchored by Historical Data from 2023 and 2024 and using 2024 as the Base Year for Estimation, the market narrative reflects a decisive global pivot toward scalable, utility-grade clean energy infrastructure.

The market's rapid expansion is being powered up by intensifying climate commitments, grid decarbonization mandates, and the growing need to balance intermittent renewable sources such as wind and solar PV. Governments and utilities are increasingly turning to CSP plants to firm up renewable portfolios, particularly in regions with high direct normal irradiance. Meanwhile, technological innovations-ranging from advanced molten salt storage systems to next-generation heliostat designs-are driving down costs and scaling up efficiency. As energy security climbs up national agendas and fossil-fuel volatility continues to unsettle markets, CSP is being brought into sharper focus as a long-duration energy solution capable of underpinning stable, low-carbon power systems throughout the forecast period of 2025-2035.

The detailed segments and sub-segments included in the report are:

By Type:

Parabolic Trough
Power Tower
Linear Fresnel

By Application:

Residential
Non-Residential
Utility

By Region:

North America

U.S.
Canada

Europe

UK
Germany
France
Spain
Italy
Rest of Europe

Asia Pacific

China
India
Japan
Australia
South Korea
Rest of Asia Pacific

Latin America

Brazil
Mexico

Middle East & Africa

UAE
Saudi Arabia
South Africa
Rest of Middle East & Africa

Among the various technology types, parabolic trough systems are expected to dominate the Global Concentrating Solar Power Market over the forecast horizon. This dominance can be traced back to their technological maturity, proven operational reliability, and widespread commercial deployment across large-scale solar projects. Parabolic trough systems have been rolled out extensively due to their relatively lower technical risk and established supply chains. However, power tower technology is emerging as a high-growth contender, particularly as developers seek higher operating temperatures and improved thermal storage integration. In essence, parabolic trough systems anchor the market today, while power towers are steadily being lined up as the next wave of innovation-driven expansion.

From an application standpoint, utility-scale projects currently command the largest share of market revenue, making them the primary growth engine of the CSP industry. Large utilities and independent power producers are increasingly locking in CSP projects to meet renewable portfolio standards while ensuring grid stability. Utility applications benefit from economies of scale, long-term power purchase agreements, and government-backed financing mechanisms. Non-residential installations-such as industrial campuses and institutional facilities-are also gaining traction, although residential adoption remains limited due to high upfront capital requirements. Nevertheless, it is the utility segment that continues to pull in the bulk of investments, shaping revenue leadership across the global landscape.

Across regions, North America and Europe have historically led CSP deployment, supported by early policy incentives, research funding, and favorable regulatory frameworks. Spain and the United States, in particular, have acted as early adopters, setting benchmarks for large-scale CSP deployment. Looking ahead, the Asia Pacific region is expected to emerge as the fastest-growing market, as countries such as China and India ramp up investments to meet surging electricity demand while curbing emissions. Meanwhile, the Middle East & Africa is carving out a strategic position, leveraging abundant solar resources and large tracts of available land to develop mega-scale CSP projects. Latin America is also stepping into the spotlight, supported by renewable auctions and growing cross-border energy trade initiatives.

Major market players included in this report are:

Abengoa Solar
BrightSource Energy, Inc.
Acciona S.A.
Siemens Energy AG
ACWA Power
Engie SA
Orano Group
Shouhang High-Tech Energy Co., Ltd.
China Energy Engineering Corporation
General Electric Company
Torresol Energy
SolarReserve LLC
Aalborg CSP A/S
NTPC Limited
TSK Electronica y Electricidad

Global Concentrating Solar Power Market Report Scope:

Historical Data - 2023, 2024
Base Year for Estimation - 2024
Forecast period - 2025-2035
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent to up to 8 analysts' working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define the market sizes of different segments and countries in recent years and to forecast the values for the coming years. The report is carefully structured to blend qualitative insights with quantitative rigor across all regions included in the study. It sheds light on critical growth drivers, structural challenges, and evolving policy environments that will shape the future of the Global Concentrating Solar Power Market. Additionally, it identifies micro-market investment opportunities for stakeholders and delivers an in-depth analysis of the competitive landscape, strategic initiatives, and technology portfolios of leading market participants.

Key Takeaways:

Market Estimates & Forecast for 10 years from 2025 to 2035.
Annualized revenues and regional-level analysis for each market segment.
Detailed analysis of the geographical landscape with country-level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of the competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Concentrating Solar Power Market Report Scope & Methodology

1.1. Research Objective
1.2. Research Methodology
- 1.2.1. Forecast Model
- 1.2.2. Desk Research
- 1.2.3. Top Down and Bottom-Up Approach
1.3. Research Attributes
1.4. Scope of the Study
- 1.4.1. Market Definition
- 1.4.2. Market Segmentation
1.5. Research Assumption
- 1.5.1. Inclusion & Exclusion
- 1.5.2. Limitations
- 1.5.3. Years Considered for the Study

Chapter 2. Executive Summary

2.1. CEO/CXO Standpoint
2.2. Strategic Insights
2.3. ESG Analysis
2.4. key Findings

Chapter 3. Global Concentrating Solar Power Market Forces Analysis

3.1. Market Forces Shaping The Global Concentrating Solar Power Market (2024-2035)
3.2. Drivers
- 3.2.1. intensifying climate commitments
- 3.2.2. Increasing grid decarbonization mandates
3.3. Restraints
- 3.3.1. Availability of alternatives
3.4. Opportunities
- 3.4.1. growing need to balance intermittent renewable sources

Chapter 4. Global Concentrating Solar Power Industry Analysis

4.1. Porter's 5 Forces Model
- 4.1.1. Bargaining Power of Buyer
- 4.1.2. Bargaining Power of Supplier
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Forecast Model (2024-2035)
4.3. PESTEL Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top Investment Opportunities
4.5. Top Winning Strategies (2025)
4.6. Market Share Analysis (2024-2025)
4.7. Global Pricing Analysis And Trends 2025
4.8. Analyst Recommendation & Conclusion

Chapter 5. Global Concentrating Solar Power Market Size & Forecasts by Type 2025-2035

5.1. Market Overview
5.2. Global Concentrating Solar Power Market Performance - Potential Analysis (2025)
5.3. Parabolic Trough
- 5.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.3.2. Market size analysis, by region, 2025-2035
5.4. Power Tower
- 5.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.4.2. Market size analysis, by region, 2025-2035
5.5. Linear Fresnel
- 5.5.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.5.2. Market size analysis, by region, 2025-2035

Chapter 6. Global Concentrating Solar Power Market Size & Forecasts by Application 2025-2035

6.1. Market Overview
6.2. Global Concentrating Solar Power Market Performance - Potential Analysis (2025)
6.3. Residential
- 6.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.3.2. Market size analysis, by region, 2025-2035
6.4. Non-Residential
- 6.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.4.2. Market size analysis, by region, 2025-2035
6.5. Utility
- 6.5.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.5.2. Market size analysis, by region, 2025-2035

Chapter 7. Global Concentrating Solar Power Market Size & Forecasts by Region 2025-2035

7.1. Growth Concentrating Solar Power Market, Regional Market Snapshot
7.2. Top Leading & Emerging Countries
7.3. North America Concentrating Solar Power Market
- 7.3.1. U.S. Concentrating Solar Power Market
  - 7.3.1.1. Type breakdown size & forecasts, 2025-2035
  - 7.3.1.2. Application breakdown size & forecasts, 2025-2035
- 7.3.2. Canada Concentrating Solar Power Market
  - 7.3.2.1. Type breakdown size & forecasts, 2025-2035
  - 7.3.2.2. Application breakdown size & forecasts, 2025-2035
7.4. Europe Concentrating Solar Power Market
- 7.4.1. UK Concentrating Solar Power Market
  - 7.4.1.1. Type breakdown size & forecasts, 2025-2035
  - 7.4.1.2. Application breakdown size & forecasts, 2025-2035
- 7.4.2. Germany Concentrating Solar Power Market
  - 7.4.2.1. Type breakdown size & forecasts, 2025-2035
  - 7.4.2.2. Application breakdown size & forecasts, 2025-2035
- 7.4.3. France Concentrating Solar Power Market
  - 7.4.3.1. Type breakdown size & forecasts, 2025-2035
  - 7.4.3.2. Application breakdown size & forecasts, 2025-2035
- 7.4.4. Spain Concentrating Solar Power Market
  - 7.4.4.1. Type breakdown size & forecasts, 2025-2035
  - 7.4.4.2. Application breakdown size & forecasts, 2025-2035
- 7.4.5. Italy Concentrating Solar Power Market
  - 7.4.5.1. Type breakdown size & forecasts, 2025-2035
  - 7.4.5.2. Application breakdown size & forecasts, 2025-2035
- 7.4.6. Rest of Europe Concentrating Solar Power Market
  - 7.4.6.1. Type breakdown size & forecasts, 2025-2035
  - 7.4.6.2. Application breakdown size & forecasts, 2025-2035
7.5. Asia Pacific Concentrating Solar Power Market
- 7.5.1. China Concentrating Solar Power Market
  - 7.5.1.1. Type breakdown size & forecasts, 2025-2035
  - 7.5.1.2. Application breakdown size & forecasts, 2025-2035
- 7.5.2. India Concentrating Solar Power Market
  - 7.5.2.1. Type breakdown size & forecasts, 2025-2035
  - 7.5.2.2. Application breakdown size & forecasts, 2025-2035
- 7.5.3. Japan Concentrating Solar Power Market
  - 7.5.3.1. Type breakdown size & forecasts, 2025-2035
  - 7.5.3.2. Application breakdown size & forecasts, 2025-2035
- 7.5.4. Australia Concentrating Solar Power Market
  - 7.5.4.1. Type breakdown size & forecasts, 2025-2035
  - 7.5.4.2. Application breakdown size & forecasts, 2025-2035
- 7.5.5. South Korea Concentrating Solar Power Market
  - 7.5.5.1. Type breakdown size & forecasts, 2025-2035
  - 7.5.5.2. Application breakdown size & forecasts, 2025-2035
- 7.5.6. Rest of APAC Concentrating Solar Power Market
  - 7.5.6.1. Type breakdown size & forecasts, 2025-2035
  - 7.5.6.2. Application breakdown size & forecasts, 2025-2035
7.6. Latin America Concentrating Solar Power Market
- 7.6.1. Brazil Concentrating Solar Power Market
  - 7.6.1.1. Type breakdown size & forecasts, 2025-2035
  - 7.6.1.2. Application breakdown size & forecasts, 2025-2035
- 7.6.2. Mexico Concentrating Solar Power Market
  - 7.6.2.1. Type breakdown size & forecasts, 2025-2035
  - 7.6.2.2. Application breakdown size & forecasts, 2025-2035
7.7. Middle East and Africa Concentrating Solar Power Market
- 7.7.1. UAE Concentrating Solar Power Market
  - 7.7.1.1. Type breakdown size & forecasts, 2025-2035
  - 7.7.1.2. Application breakdown size & forecasts, 2025-2035
- 7.7.2. Saudi Arabia (KSA) Concentrating Solar Power Market
  - 7.7.2.1. Type breakdown size & forecasts, 2025-2035
  - 7.7.2.2. Application breakdown size & forecasts, 2025-2035
- 7.7.3. South Africa Concentrating Solar Power Market
  - 7.7.3.1. Type breakdown size & forecasts, 2025-2035
  - 7.7.3.2. Application breakdown size & forecasts, 2025-2035

Chapter 8. Competitive Intelligence

8.1. Top Market Strategies
8.2. Abengoa Solar
- 8.2.1. Company Overview
- 8.2.2. Key Executives
- 8.2.3. Company Snapshot
- 8.2.4. Financial Performance (Subject to Data Availability)
- 8.2.5. Product/Services Port
- 8.2.6. Recent Development
- 8.2.7. Market Strategies
- 8.2.8. SWOT Analysis
8.3. BrightSource Energy, Inc.
8.4. Acciona S.A.
8.5. Siemens Energy AG
8.6. ACWA Power
8.7. Engie SA
8.8. Orano Group
8.9. Shouhang High-Tech Energy Co., Ltd.
8.10. China Energy Engineering Corporation
8.11. General Electric Company
8.12. Torresol Energy
8.13. SolarReserve LLC
8.14. Aalborg CSP A/S
8.15. NTPC Limited
8.16. TSK Electronica y Electricidad