PUBLISHER: The Business Research Company | PRODUCT CODE: 1966313
PUBLISHER: The Business Research Company | PRODUCT CODE: 1966313
Concentrating solar power employs mirrors to focus the sun's energy, which is then used to power traditional steam turbines or engines to generate electricity. Thermal energy concentrated in a CSP plant collects solar radiation using reflecting or transmissive optical elements that focus the radiation to a focal point where it is directly transformed into thermal or electrical energy and is used to deliver heat for industries.
The main types of concentrating solar power are the parabolic trough, solar power tower, Fresnel reflectors, and dish Stirling. Solar concentrating systems using parabolic collectors composed of reflecting materials are known as parabolic-trough solar concentrating systems. The collectors reflect incident solar radiation onto its focal line, which is directed toward a receiver, which receives the concentrated solar energy and uses it to heat the fluid inside it. The various capacities of concentrating solar power are less than or equal to 50 MW, greater than 50 MW less than or equal to 100 MW, and greater than 100 MW and the different heat transfer fluids used are molten salt, water-based, oil-based, and other heat transfer fluids. The energy can be stored with storage, without storage techniques, and is used for utility, EOR (Enhanced Oil Recovery), desalination, and other applications.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
Tariffs on CSP components such as mirrors, heliostats, and thermal storage systems have affected the concentrating solar power market by increasing equipment costs and impacting supply chains. Regions including Asia-Pacific, Europe, and North America are most affected due to import dependencies. While tariffs create short-term cost pressures, they have encouraged local manufacturing, technology innovation, and investments in efficient and durable CSP plants, ultimately supporting long-term market sustainability and competitiveness.
The concentrating solar power market research report is one of a series of new reports from The Business Research Company that provides concentrating solar power market statistics, including concentrating solar power industry global market size, regional shares, competitors with a concentrating solar power market share, detailed concentrating solar power market segments, market trends and opportunities, and any further data you may need to thrive in the concentrating solar power industry. This concentrating solar power market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The concentrating solar power market size has grown rapidly in recent years. It will grow from $9.31 billion in 2025 to $10.82 billion in 2026 at a compound annual growth rate (CAGR) of 16.2%. The growth in the historic period can be attributed to government incentives for solar power projects, increasing electricity demand in arid regions, technological advancements in reflective mirrors and heliostats, early adoption of parabolic trough and power tower systems, rising focus on renewable energy portfolios.
The concentrating solar power market size is expected to see rapid growth in the next few years. It will grow to $19.1 billion in 2030 at a compound annual growth rate (CAGR) of 15.3%. The growth in the forecast period can be attributed to growth in utility-scale csp installations, adoption of hybrid csp and storage systems, increasing desalination and industrial process applications, advancements in high-temperature heat transfer fluids, rising investments in emerging markets for solar power. Major trends in the forecast period include increasing deployment of parabolic trough systems, rising adoption of solar power tower technology, expansion of fresnel reflector applications, growing implementation of dish stirling systems, integration of thermal energy storage in csp plants.
The increasing demand for renewable energy is fueling the growth of the concentrating solar power market. Renewable energy is harnessed from sources such as wind, rain, sunlight, tides, waves, and geothermal heat, helping to mitigate the impacts of global warming and the challenges associated with fossil fuels. The rising need for electricity, along with stringent regulations on greenhouse gas emissions, is driving the adoption of renewable energy. Concentrating solar power technologies use mirrors to focus sunlight, converting it into heat to power a turbine that generates electricity. For example, in January 2024, the International Energy Agency (IEA), an autonomous intergovernmental organization based in Paris, reported that 2023 saw a 50% increase in renewable capacity compared to 2022. Over the next five years, renewable energy will experience its fastest growth yet. Additionally, Solar PV and wind will account for 95% of this expansion, with renewables surpassing coal as the largest source of global electricity generation by early 2025. As a result, the growing demand for renewable energy is driving the expansion of the concentrating solar power market.
Major companies operating in the concentrating solar power market are increasing their focus on introducing particle-based concentrating solar power (CSP) systems to gain a competitive edge in the market. A particle-based concentrating solar power (CSP) system is a type of solar thermal technology that uses solid particles, often small ceramic spheres or other materials, as the heat transfer and storage medium within the system. For instance, in February 2023, the U. S. Department of Energy (DOE), a US-based agency, opened a pilot facility at Sandia National Laboratories in New Mexico. The Generation 3 Particle Pilot Plant (G3P3) is the result of a $100 million research effort aimed at developing next-generation concentrated solar power (CSP) plants and showcasing storage technology. The G3P3 pilot is expected to be completed in 2024 and will demonstrate how CSP systems can provide long-duration energy storage while reducing costs and complexity for solar thermal technology. Its goal is to provide one gigawatt of storage for one hour at a single plant.
In September 2024, Masdar, a renewable energy company based in the UAE, acquired Saeta Yield for $1.4 billion. This acquisition is part of Masdar's strategy to accelerate the expansion of clean energy capacity across the Iberian Peninsula and Europe, strengthening its renewable energy portfolio to support the EU's goal of achieving net-zero emissions by 2050. Additionally, this move aligns with Masdar's broader objective of reaching a global capacity of 100GW by 2030. Saeta Yield S.A., a Spain-based company, specializes in the development, ownership, and operation of renewable energy assets.
Major companies operating in the concentrating solar power market are Abengoa S. A., BrightSource Energy Inc., ACWA Power, Aalborg CSP A/S, General Electric Company, Atlantica Sustainable Infrastructure plc, TSK Flagsol Engineering GmbH, Enel Green Power Corporation, Acciona S. A., Frenell GmbH, Suntrace GmbH, Torresol Energy, Trivelli Energia srl, Soltigua S. r. l, Engie SA, Nextera Energy Inc., Chiyoda Corporation, Heliogen Inc., Siemens Energy AG, SolarReserve LLC, eSolar Inc., Schott AG, Sener Grupo de Ingenieria group., Lointek Sistemas Solar Termicos, GlassPoint Solar Inc., Rackam Energy, Soliterm Group GmbH
North America was the largest region in the concentrating solar power market in 2025. Asia-Pacific is expected to be the fastest-growing region in the concentrating solar power market share during the forecast period. The regions covered in the concentrating solar power market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the concentrating solar power market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The concentrating solar power market includes revenues earned by entities by providing linear concentrators, dish or engine, and power tower systems. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Concentrating Solar Power Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses concentrating solar power market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for concentrating solar power ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The concentrating solar power market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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