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Concentrated Solar Power Market

Concentrated Solar Power Market 5.4 CAGR Growth Outlook 2025-2033

Concentrated Solar Power Market by Technology (Parabolic Trough, Power Tower, Linear Fresnel), by Application (Residential, Non-Residential, Utility), by North America (U.S., Canada) Forecast 2026-2034

Jan 30 2025

Base Year: 2025

180 Pages

Concentrated Solar Power Market 5.4 CAGR Growth Outlook 2025-2033

Key Insights

The Concentrated Solar Power Market size was valued at USD 37.25 MW in 2023 and is projected to reach USD 53.83 MW by 2032, exhibiting a CAGR of 5.4 % during the forecast period. Concentrated Solar Power (CSP) technology harnesses sunlight through mirrors or lenses to generate high-temperature heat, driving conventional power cycles for electricity production. CSP systems can be parabolic troughs, central receivers, linear Fresnel reflectors, or dish/engine types, with various components like solar collectors, receivers, thermal storage, and power conversion units. Primarily used for utility-scale power generation, CSP offers a clean, sustainable energy source with thermal storage capabilities for dispatchable power. It reduces greenhouse gas emissions, supports local economies, and provides grid stability, making it a promising renewable energy solution to address growing energy demands while mitigating environmental concerns.

Concentrated Solar Power Trends

Rising adoption of Parabolic Trough technology
Growing popularity of Utility-scale applications
Technological advancements in solar tracking systems

Concentrated Solar Power Market Market Size and Forecast (2024-2030) — Concentrated Solar Power Market Company Market Share

Driving Forces: What's Propelling the Concentrated Solar Power Market

Environmental concerns and climate change mitigation efforts: The growing urgency to combat climate change and reduce greenhouse gas emissions is fueling the demand for clean and sustainable energy sources, including concentrated solar power (CSP).
Technological advancements and cost reductions: Innovations in solar cell technologies, mirror designs, and thermal energy storage systems have significantly lowered the costs of CSP plants, making them more competitive with conventional energy sources.
Government policies and incentives: Governments worldwide are implementing policies such as subsidies, tax breaks, and feed-in tariffs to incentivize the development and deployment of renewable energy projects, including CSP.

Challenges and Restraints in Concentrated Solar Power Market

High upfront investment costs: CSP plants require substantial initial capital investments, which can be a barrier for some developers.
Land availability issues: CSP plants require large tracts of land, which can be challenging to secure in densely populated areas.
Intermittency of solar energy: Solar energy is intermittent, which can impact the stability of the grid. However, thermal energy storage systems can mitigate this challenge.

Emerging Trends in Concentrated Solar Power

Integration of storage systems with CSP plants
Development of hybrid solar-fossil fuel power plants
Growing interest in small-scale CSP systems

Growth Catalysts in Concentrated Solar Power Industry

Increasing investment in R&D
Partnerships between CSP developers and technology providers
Focus on cost reduction and efficiency improvement

Market Segmentation: Concentrated Solar Power Analysis

Technology:

Parabolic Trough
Power Tower
Linear Fresnel

Application:

Residential
Non-Residential
Utility

Leading Players in the Concentrated Solar Power Market

Significant Developments in Concentrated Solar Power Sector

2021: BrightSource Energy secured a contract to build a 1,000 MW CSP plant in the United States.
2020: Abengoa Solar completed the construction of the world's largest CSP plant, the Noor Abu Dhabi plant in the United Arab Emirates.

Comprehensive Coverage Concentrated Solar Power Market Report

This report provides a comprehensive overview of the Concentrated Solar Power Market, including:

Market size and growth projections
Competitive landscape and market share analysis
Key trends and driving forces
Challenges and restraints
SWOT and PESTLE analysis

Regional Insight

Asia-Pacific is the largest market for Concentrated Solar Power, with over 50% market share.
Europe and North America are other significant markets, with growing demand for renewable energy.

Concentrated Solar Power Market Market Share by Region - Global Geographic Distribution — Concentrated Solar Power Market Regional Market Share

Technology Analysis

Parabolic Trough technology is the most widely used CSP technology, accounting for over 80% of the market share.
Power Tower and Linear Fresnel technologies are emerging as alternatives with the potential for higher efficiency.

Pestle Analysis

Political: Government policies and regulations

Economic: Interest rates, inflation, economic growth

Social: Environmental concerns, public awareness

Technological: Advancements in solar technology, storage systems

Legal: Environmental laws and regulations

Environmental: Climate change, land availability

Porter's Five Force Analysis

Threat of new entrants: Low to moderate

Bargaining power of suppliers: Moderate

Bargaining power of buyers: High

The threat of substitutes: Low

Competitive rivalry: Intense

BCG Matrix

Stars: Power Tower, Parabolic Trough
Cash Cows: Linear Fresnel
Question Marks: Hybrid solar-fossil fuel power plants
Dogs: None

Import & Export Analysis

China is the leading exporter of Concentrated Solar Power equipment.
The United States and Europe are the major importers.

Production & Consumption

China is the largest producer of Concentrated Solar Power, followed by the United States and Spain.
Asia-Pacific is the largest consumer of Concentrated Solar Power, followed by Europe and North America.

Regulatory Landscape

Government policies and regulations play a significant role in shaping the Concentrated Solar Power Market.
Feed-in tariffs and other incentives have supported the growth of the industry.

Geographic Coverage of Concentrated Solar Power Market

Higher Coverage

Lower Coverage

No Coverage

Concentrated Solar Power Market REPORT HIGHLIGHTS

Aspects	Details
Study Period	2020-2034
Base Year	2025
Estimated Year	2026
Forecast Period	2026-2034
Historical Period	2020-2025
Growth Rate	CAGR of 5.4% from 2020-2034
Segmentation	By Technology Parabolic Trough Power Tower Linear Fresnel By Application Residential Non-Residential Utility By Geography North America U.S. Canada

1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
- 2.1. Introduction
3. Market Dynamics
- 3.1. Introduction
- - 3.2. Market Drivers
  - - 3.2.1. Growing Focus on Safety and Organization to Fuel Market Growth
- - 3.3. Market Restrains
  - - 3.3.1. Heavy Capital Investment and Higher Cost of Electricity Per Unit Poses Threat to Market Growth
- - 3.4. Market Trends
  - - 3.4.1. Growth of IT Infrastructure to Bolster the Demand for Modern Cable Tray Management Solutions
4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
5. Global Concentrated Solar Power Market Analysis, Insights and Forecast, 2020-2032
- 5.1. Market Analysis, Insights and Forecast - by Technology
  - 5.1.1. Parabolic Trough
  - 5.1.2. Power Tower
  - 5.1.3. Linear Fresnel
- 5.2. Market Analysis, Insights and Forecast - by Application
  - 5.2.1. Residential
  - 5.2.2. Non-Residential
  - 5.2.3. Utility
- 5.3. Market Analysis, Insights and Forecast - by Region
  - 5.3.1. North America
6. Competitive Analysis
- 6.1. Global Market Share Analysis 2025
- - 6.2. Company Profiles
  - - 6.2.1 BrightSource Energy (U.S.)
      6.2.1.1. Overview
      6.2.1.2. Products
      6.2.1.3. SWOT Analysis
      6.2.1.4. Recent Developments
      6.2.1.5. Financials (Based on Availability)
    - 6.2.2 Abengoa Solar (Spain)
      6.2.2.1. Overview
      6.2.2.2. Products
      6.2.2.3. SWOT Analysis
      6.2.2.4. Recent Developments
      6.2.2.5. Financials (Based on Availability)
    - 6.2.3 Siemens (Germany)
      6.2.3.1. Overview
      6.2.3.2. Products
      6.2.3.3. SWOT Analysis
      6.2.3.4. Recent Developments
      6.2.3.5. Financials (Based on Availability)
    - 6.2.4 Acciona (Spain)
      6.2.4.1. Overview
      6.2.4.2. Products
      6.2.4.3. SWOT Analysis
      6.2.4.4. Recent Developments
      6.2.4.5. Financials (Based on Availability)
    - 6.2.5 Solar Reserve (U.S.)
      6.2.5.1. Overview
      6.2.5.2. Products
      6.2.5.3. SWOT Analysis
      6.2.5.4. Recent Developments
      6.2.5.5. Financials (Based on Availability)
    - 6.2.6 ACWA Power (Saudi Arabia)
      6.2.6.1. Overview
      6.2.6.2. Products
      6.2.6.3. SWOT Analysis
      6.2.6.4. Recent Developments
      6.2.6.5. Financials (Based on Availability)
    - 6.2.7 Torresol Energy (Spain)
      6.2.7.1. Overview
      6.2.7.2. Products
      6.2.7.3. SWOT Analysis
      6.2.7.4. Recent Developments
      6.2.7.5. Financials (Based on Availability)
    - 6.2.8 Trivelli Energia (Italy)
      6.2.8.1. Overview
      6.2.8.2. Products
      6.2.8.3. SWOT Analysis
      6.2.8.4. Recent Developments
      6.2.8.5. Financials (Based on Availability)
    - 6.2.9 Abors Green GmbH (Germany)
      6.2.9.1. Overview
      6.2.9.2. Products
      6.2.9.3. SWOT Analysis
      6.2.9.4. Recent Developments
      6.2.9.5. Financials (Based on Availability)
    - 6.2.10 Parvolen CSP Technologies (Greece)
      6.2.10.1. Overview
      6.2.10.2. Products
      6.2.10.3. SWOT Analysis
      6.2.10.4. Recent Developments
      6.2.10.5. Financials (Based on Availability)
    - 6.2.11 Sener (Spain)
      6.2.11.1. Overview
      6.2.11.2. Products
      6.2.11.3. SWOT Analysis
      6.2.11.4. Recent Developments
      6.2.11.5. Financials (Based on Availability)
    - 6.2.12 Rioglass (Belgium)
      6.2.12.1. Overview
      6.2.12.2. Products
      6.2.12.3. SWOT Analysis
      6.2.12.4. Recent Developments
      6.2.12.5. Financials (Based on Availability)

List of Figures

Figure 1: Global Concentrated Solar Power Market Revenue Breakdown (MW, %) by Region 2025 & 2033
Figure 2: Global Concentrated Solar Power Market Volume Breakdown (MW, %) by Region 2025 & 2033
Figure 3: North America Concentrated Solar Power Market Revenue (MW), by Technology 2025 & 2033
Figure 4: North America Concentrated Solar Power Market Volume (MW), by Technology 2025 & 2033
Figure 5: North America Concentrated Solar Power Market Revenue Share (%), by Technology 2025 & 2033
Figure 6: North America Concentrated Solar Power Market Volume Share (%), by Technology 2025 & 2033
Figure 7: North America Concentrated Solar Power Market Revenue (MW), by Application 2025 & 2033
Figure 8: North America Concentrated Solar Power Market Volume (MW), by Application 2025 & 2033
Figure 9: North America Concentrated Solar Power Market Revenue Share (%), by Application 2025 & 2033
Figure 10: North America Concentrated Solar Power Market Volume Share (%), by Application 2025 & 2033
Figure 11: North America Concentrated Solar Power Market Revenue (MW), by Country 2025 & 2033
Figure 12: North America Concentrated Solar Power Market Volume (MW), by Country 2025 & 2033
Figure 13: North America Concentrated Solar Power Market Revenue Share (%), by Country 2025 & 2033
Figure 14: North America Concentrated Solar Power Market Volume Share (%), by Country 2025 & 2033

List of Tables

Table 1: Global Concentrated Solar Power Market Revenue MW Forecast, by Technology 2020 & 2033
Table 2: Global Concentrated Solar Power Market Volume MW Forecast, by Technology 2020 & 2033
Table 3: Global Concentrated Solar Power Market Revenue MW Forecast, by Application 2020 & 2033
Table 4: Global Concentrated Solar Power Market Volume MW Forecast, by Application 2020 & 2033
Table 5: Global Concentrated Solar Power Market Revenue MW Forecast, by Region 2020 & 2033
Table 6: Global Concentrated Solar Power Market Volume MW Forecast, by Region 2020 & 2033
Table 7: Global Concentrated Solar Power Market Revenue MW Forecast, by Technology 2020 & 2033
Table 8: Global Concentrated Solar Power Market Volume MW Forecast, by Technology 2020 & 2033
Table 9: Global Concentrated Solar Power Market Revenue MW Forecast, by Application 2020 & 2033
Table 10: Global Concentrated Solar Power Market Volume MW Forecast, by Application 2020 & 2033
Table 11: Global Concentrated Solar Power Market Revenue MW Forecast, by Country 2020 & 2033
Table 12: Global Concentrated Solar Power Market Volume MW Forecast, by Country 2020 & 2033
Table 13: U.S. Concentrated Solar Power Market Revenue (MW) Forecast, by Application 2020 & 2033
Table 14: U.S. Concentrated Solar Power Market Volume (MW) Forecast, by Application 2020 & 2033
Table 15: Canada Concentrated Solar Power Market Revenue (MW) Forecast, by Application 2020 & 2033
Table 16: Canada Concentrated Solar Power Market Volume (MW) Forecast, by Application 2020 & 2033

Methodology

Step 1 - Identification of Relevant Samples Size from Population Database

Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segments, product, and application.

Note*: In applicable scenarios

Step 3 - Data Sources

Primary Research

Web Analytics
Survey Reports
Research Institute
Latest Research Reports
Opinion Leaders

Secondary Research

Annual Reports
White Paper
Latest Press Release
Industry Association
Paid Database
Investor Presentations

Step 4 - Data Triangulation

Involves using different sources of information in order to increase the validity of a study

These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.

Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.

During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence

Additionally, after gathering mixed and scattered data from a wide range of sources, data is triangulated and correlated to come up with estimated figures which are further validated through primary mediums or industry experts, opinion leaders.

Frequently Asked Questions

1. What is the projected Compound Annual Growth Rate (CAGR) of the Concentrated Solar Power Market?

The projected CAGR is approximately 5.4%.

2. Which companies are prominent players in the Concentrated Solar Power Market?

Key companies in the market include BrightSource Energy (U.S.), Abengoa Solar (Spain), Siemens (Germany), Acciona (Spain), Solar Reserve (U.S.), ACWA Power (Saudi Arabia), Torresol Energy (Spain), Trivelli Energia (Italy), Abors Green GmbH (Germany), Parvolen CSP Technologies (Greece), Sener (Spain), Rioglass (Belgium).

3. What are the main segments of the Concentrated Solar Power Market?

The market segments include Technology, Application.

4. Can you provide details about the market size?

The market size is estimated to be USD 37.25 MW as of 2022.

5. What are some drivers contributing to market growth?

Growing Focus on Safety and Organization to Fuel Market Growth.

6. What are the notable trends driving market growth?

Growth of IT Infrastructure to Bolster the Demand for Modern Cable Tray Management Solutions.

7. Are there any restraints impacting market growth?

Heavy Capital Investment and Higher Cost of Electricity Per Unit Poses Threat to Market Growth.

8. Can you provide examples of recent developments in the market?

In 2021, BrightSource Energy secured a contract to build a 1,000 MW CSP plant in the United States. In 2020, Abengoa Solar completed the construction of the world's largest CSP plant, the Noor Abu Dhabi plant in the United Arab Emirates.

9. What pricing options are available for accessing the report?

Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4850, USD 5850, and USD 6850 respectively.

10. Is the market size provided in terms of value or volume?

The market size is provided in terms of value, measured in MW and volume, measured in MW.

11. Are there any specific market keywords associated with the report?

Yes, the market keyword associated with the report is "Concentrated Solar Power Market," which aids in identifying and referencing the specific market segment covered.

12. How do I determine which pricing option suits my needs best?

The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.

13. Are there any additional resources or data provided in the Concentrated Solar Power Market report?

While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.

14. How can I stay updated on further developments or reports in the Concentrated Solar Power Market?

To stay informed about further developments, trends, and reports in the Concentrated Solar Power Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.

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