Concentrated Solar Power CSP Market Report 2025 (Global Edition)

Global Concentrated Solar Power CSP Market Report 2025 Market Size Split by Technology (Solar Power Towers, Linear Concentrating Systems, Dish Stirling Technology), by Operation type (Stand-alone, Sto...

Concentrated Solar Power CSP Market Report Description

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Concentrated Solar Power CSP Market Insights Video

Competitive Landscape of the Concentrated Solar Power (CSP) Market

The competitive landscape of the Concentrated Solar Power (CSP) marketplace functions a mix of established gamers and rising agencies targeted on innovation and technology development. Major industry participants encompass Abengoa, SolarReserve, and Siemens, each leveraging their expertise to enhance CSP efficiency and reduce costs. Collaborations and partnerships are common, aimed at developing new tasks and expanding marketplace attain. Additionally, authorities' rules and incentives play a critical role in shaping opposition as companies vie for contracts in a developing international push for renewable electricity solutions.

August2023:Siemens stated that it will start producing photovoltaic (PV) inverters in Kenosha, Wisconsin, in conjunction with President Biden's visit to the state. Siemens is a manufacturer of solar energy components intended primarily for the US market.The Kenosha facility, owned and run by Sanmina, the company's longterm manufacturing partner, will assist in meeting the growing demand for locally manufactured essential components of solar projects and assist clients in maximizing the benefits of home content and solar tax advantages. Source: https://www.siemens.com/us/en/company/press/press-releases/smart-infrastructure/siemens-begins-manufacturing-solar-inverters-in-us.html In July 2023: The Israeli, UK, and South African subsidiaries of BrightSource Energy Inc., a leader in concentrated solar thermal (CSP) technology, have announced their spin-off to create a new company called New BrightSource Energy LTD. The new group is led by Izik Kirshenbaum, who has leadership from both Israel and Britain. Source: https://solarquarter.com/2023/07/18/brightsource-energy-spins-off-renewable-energy-in-israel/

Top Companies Market Share in Concentrated Solar Power CSP Industry: (In no particular order of Rank)

• Abengoa Solar
• TSK Flagsol Engineering
• Acciona Energy
• GE Renewable Energy
• Enel Green Power
• Suntrace
• Shams Power
• BrightSource Energy
• Inc.
• CSP Services
• ACWA Power
• Atlantica Yield PLC
• Therminol
• SolarReserve
• Chiyoda Corporation
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Concentrated Solar Power (CSP) Market

Which Region Dominates the Concentrated Solar Power (CSP) Market in 2024?

According to Cognitive Market Research, North America currently dominates the Concentrated Solar Power (CSP)s market, and the region is expected to have significant growth during the projected period. North America is experiencing a boom inside the Concentrated Solar Power (CSP) marketplace, pushed through growing demand for renewable strength and supportive authorities policies. States like California and Nevada lead in CSP installations that specialize in innovative technology and power garage answers. This expansion objectives to enhance power security, lessen greenhouse gas emissions, and meet renewable power objectives, contributing to a sustainable power destiny.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). The Asia-Pacific area is witnessing full-size growth within the Concentrated Solar Power (CSP) market, fueled by rising strength demands and authorities initiatives promoting renewable power. Countries like China and India are making investments in CSP initiatives to diversify their electricity portfolios and reduce carbon emissions. This expansion is supported by way of technological improvements and extended investment, positioning the region as a key player in international CSP improvement.

The current report Scope analyzes Concentrated Solar Power CSP Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Concentrated Solar Power CSP Market

According to Cognitive Market Research, the global Concentrated Solar Power (CSP) market size was estimated at USD 29514.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 11805.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 33.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Concentrated Solar Power (CSP) market with a market size of USD 9314.68 million in 2024 and is projected to grow at a CAGR of 33.0% during the forecast period. The U.S. market's renewable energy goals.
• The Canada Concentrated Solar Power (CSP) market had a market share of USD 1416.68 million in 2024 and is projected to grow at a CAGR of 34.0% during the forecast period. Canada’s government incentives.
• The Mexico Concentrated Solar Power (CSP) market is projected to witness growth at a CAGR of 33.7% during the forecast period, with a market size of USD 1074.32 million in 2024.

Europe Concentrated Solar Power CSP Market

According to Cognitive Market Research, the global Concentrated Solar Power (CSP) market size was estimated at USD 29514.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 8854.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 33.5% from 2024 to 2031.

• The United Kingdom Concentrated Solar Power (CSP) market had a market share of USD 1487.52 million in 2024 and is projected to grow at a CAGR of 34.3% during the forecast period. In the UK, Concentrated Solar Power (CSP) sales witness an upswing due to the climate change policies.
• The France Concentrated Solar Power (CSP) market is projected to witness growth at a CAGR of 32.7% during the forecast period, with a market size of USD 814.59 million in 2024.
• According to Cognitive Market Research, the German Concentrated Solar Power (CSP) market size was valued at USD 1753.14 million in 2024 and is projected to grow at a CAGR of 33.7% during the forecast period. In Germany, Concentrated Solar Power (CSP) surged due to the technological advancements.
• The Italy Concentrated Solar Power (CSP) market is projected to witness growth at a CAGR of 32.9% during the forecast period, with a market size of USD 761.47 million in 2024.
• The Russia Concentrated Solar Power (CSP) market is projected to witness growth at a CAGR of 32.5% during the forecast period, with a market size of USD 1372.41 million in 2024.
• The Spain Concentrated Solar Power (CSP) market is projected to witness growth at a CAGR of 32.6% during the forecast period with a market size of USD 726.05 million in 2024
• The Luxembourg Concentrated Solar Power (CSP) market is projected to witness growth at a CAGR of 33.6% during the forecast period, with a market size of USD 274.48 million in 2024.
• The Portugal Concentrated Solar Power (CSP) market is projected to witness growth at a CAGR of 33.3% during the forecast period, with a market size of USD 185.94 million in 2024.
• The Greece Concentrated Solar Power (CSP) market is projected to witness growth at a CAGR of 33.8% during the forecast period, with a market size of USD 106.25 million in 2024.
• The Rest of Europe's Concentrated Solar Power (CSP) market is projected to witness growth at a CAGR of 32.2% during the forecast period, with a market size of USD 1372.41 million in 2024.

Asia Pacific Concentrated Solar Power CSP Market

According to Cognitive Market Research, the global Concentrated Solar Power (CSP) market size was estimated at USD 29514.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 6788.27 million in 2024 and will grow at a compound annual growth rate (CAGR) of 37.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Concentrated Solar Power (CSP) market size was valued at USD 3054.72 million in 2024 and is projected to grow at a CAGR of 36.5% during the forecast period. Concentrated Solar Power (CSP) surged in China due to energy storage demand rising electricity costs.
• The Japan Concentrated Solar Power (CSP) market is projected to witness growth at a CAGR of 35.5% during the forecast period, with a market size of USD 936.78 million in 2024.
• The India Concentrated Solar Power (CSP) market had a market share of USD 814.59 million in 2024 and is projected to grow at a CAGR of 38.8% during the forecast period. India's energy security.
• The South Korean Concentrated Solar Power (CSP) market is projected to witness growth at a CAGR of 36.1% during the forecast period, with a market size of USD 678.83 million in 2024.
• The Australian Concentrated Solar Power (CSP) market is projected to witness growth at a CAGR of 36.7% during the forecast period, with a market size of USD 352.99 million in 2024.
• The South East Asia Concentrated Solar Power (CSP) market is projected to witness growth at a CAGR of 38.0% during the forecast period, with a market size of USD 468.39 million in 2024.
• The Rest of Asia Pacific Concentrated Solar Power (CSP) market is projected to witness growth at a CAGR of 36.8% during the forecast period, with a market size of USD 481.97 million in 2024.

South America Concentrated Solar Power CSP Market

According to Cognitive Market Research, the global Concentrated Solar Power (CSP) market size was estimated at USD 29514.2 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 1475.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 34.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Concentrated Solar Power (CSP) market size was valued at USD 631.60 million in 2024 and is projected to grow at a CAGR of 35.0% during the forecast period. Concentrated Solar Power (CSP)s flourished in Brazil due to infrastructure development.
• Argentina's Concentrated Solar Power (CSP) market had a market share of USD 247.92 million in 2024 and is projected to grow at a CAGR of 35.3% during the forecast period. Argentina's industrial decarbonization.
• Colombia Concentrated Solar Power (CSP) market is projected to witness growth at a CAGR of 34.2% during the forecast period, with a market size of USD 131.34 million in 2024.
• Peru Concentrated Solar Power (CSP) market is projected to witness growth at a CAGR of 34.6% during the forecast period, with a market size of USD 121.01 million in 2024.
• Chile Concentrated Solar Power (CSP) market is projected to witness growth at a CAGR of 34.7% during the forecast period, with a market size of USD 106.25 million in 2024.
• The Rest of Latin America's Concentrated Solar Power (CSP) market is projected to witness growth at a CAGR of 33.5% during the forecast period, with a market size of USD 237.59 million in 2024.

Middle East Concentrated Solar Power CSP Market

According to Cognitive Market Research, the global Concentrated Solar Power (CSP) market size was estimated at USD 29514.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 590.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 34.7% from 2024 to 2031..

• The GCC Countries Concentrated Solar Power (CSP) market is projected to witness growth at a CAGR of 35.5% during the forecast period, with a market size of USD 252.64 million in 2024. Concentrated Solar Power (CSP) sales flourish due to the investment in R&D.
• The Egypt Concentrated Solar Power (CSP) market is projected to witness growth at a CAGR of 35.0% during the forecast period, with a market size of USD 61.98 million in 2024.
• The South Africa Concentrated Solar Power (CSP) market is projected to witness growth at a CAGR of 35.7% during the forecast period, with a market size of USD 93.26 million in 2024. Concentrated Solar Power (CSP) sales flourished in South Africa due to increasing demand and regulatory support.
• The Turkey Concentrated Solar Power (CSP) market is projected to witness growth at a CAGR of 34.2% during the forecast period, with a market size of USD 50.76 million in 2024.
• The Nigeria Concentrated Solar Power (CSP) market is projected to witness growth at a CAGR of 33.8% during the forecast period, with a market size of USD 61.98 million in 2024.
• The Rest of the MEA Concentrated Solar Power (CSP) market is projected to witness growth at a CAGR of 33.7% during the forecast period, with a market size of USD 69.65 million in 2024.

Concentrated Solar Power CSP Market Analysis

Concentrated Solar Power (CSP) Market Technology Segment Analysis

According to Cognitive Market Research, SOLAR POWER TOWERS are likely to dominate the Concentrated Solar Power (CSP) Market over the forecast period. Solar energy towers are driving an increase inside the Concentrated Solar Power (CSP) marketplace, offering more advantageous performance and energy storage competencies. By using a crucial tower with mirrors that focus daylight, those structures can generate high temperatures for strength production. Their scalability and capacity to provide power even after sunset lead them to become increasingly more attractive, contributing to the worldwide transition in the direction of sustainable strength answers.

The Linear Concentrating Systems is the fastest-growing segment in the Concentrated Solar Power (CSP) Market. Linear concentrating systems, such as parabolic troughs, are advancing the Concentrated Solar Power (CSP) marketplace by presenting efficient and price-effective solar strength solutions. These structures use curved mirrors to recognize sunlight onto a receiver, generating warmness for power manufacturing. Their mounted technology and scalability lead them to appeal for huge-scale solar projects, riding adoption in regions with high solar capacity and favorable guidelines.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Concentrated Solar Power CSP Industry. Request a Free Sample PDF!

Concentrated Solar Power (CSP) Market Operation type Segment Analysis

According to Cognitive Market Research, Stand-alone segment holds the largest share of the market. Stand-on Concentrated Solar Power (CSP) structures are gaining traction as they provide reliable electricity solutions in far-flung or off-grid locations. These structures operate independently, harnessing daylight to generate strength without the want for grid connectivity. Their ability to supply regular power and support local power desires makes them an increasing number of popular, specially in developing regions, improving access to smooth strength and reducing reliance on fossil fuels.

In the Concentrated Solar Power (CSP) Market, Storage has been expanding at a rapid pace. Energy storage is an important factor using boom within the Concentrated Solar Power (CSP) market. By integrating thermal energy garage structures, CSP flowers can store extra warmth for later use, taking into consideration the electricity era even if sunlight is not to be had. This capability enhances grid reliability, supports peak demand, and maximizes the usage of renewable electricity, making CSP an extra competitive and flexible strength solution.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Concentrated Solar Power CSP Capacity Segment Analysis

Concentrated Solar Power (CSP) Market Capacity Segment Analysis

According to Cognitive Market Research, Less than 50 MW segment holds the largest market share. The less than 50 MW phase of the Concentrated Solar Power (CSP) market is experiencing a boom as smaller-scale projects turn out to be greater viable. These structures offer flexibility in deployment, catering to local energy wishes and lowering initial capital necessities. They are particularly attractive for communities and business packages seeking sustainable electricity solutions, facilitating the adoption of CSP technology in numerous settings.

In the Concentrated Solar Power (CSP) market, the rapidly growing sector is the 50 MW to 100 MW. The 50 MW to one hundred MW section of the Concentrated Solar Power (CSP) market is increasing as application-scale projects benefit traction. These mid-sized flowers strike stability among cost and output, making them attractive for grid operators. Their potential to offer extensive, reliable energy even as integrating with thermal garage answers enhances their attraction, assisting regional electricity dreams and contributing to renewable strength goals.

• Less than 50 MW
• 50 MW to 100 MW
• 100 MW and Above

Concentrated Solar Power CSP End-use Segment Analysis

Concentrated Solar Power (CSP) Market End user Segment Analysis

According to Cognitive Market Research, Utilities segment holds the largest market share. Utilities are more and more adopting Concentrated Solar Power (CSP) technology to diversify their strength portfolios and meet renewable strength mandates. CSP offers utilities a dependable source of strength with the delivered gain of thermal electricity storage, allowing for electricity dispatch in the course of height call. This shift complements grid balance and decreases reliance on fossil fuels, positioning CSP as a key participant in the transition to sustainable energy.

In the Concentrated Solar Power (CSP) market, the rapidly growing sector is the Enhanced Oil Recovery (EOR). Enhanced Oil Recovery (EOR) is using boom within the Concentrated Solar Power (CSP) marketplace by way of using sun energy to generate steam for oil extraction. This revolutionary technique reduces the carbon footprint of traditional oil recovery techniques, even enhancing performance. By integrating CSP systems with EOR strategies, operators can leverage renewable strength to beautify production, making oil extraction more sustainable and economically feasible.

• Utilities
• Enhanced Oil Recovery (EOR)
• Others

Author's Detail

Manoj Phagare

Senior Research Analyst at Cognitive Market Research

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• Worked on several market, industry & business research projects, on various models such as Syndicated, Custom, Subscriptions and Consults
• Proficient in secondary research and familiar with all paid research databases
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