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    Concentrating Solar Power Market

    ID: 1572
    110 Pages
    Research Team
    07/2025

    Concentrated Solar Power Market Research Report By Technology (Parabolic Trough, Solar Power Tower, Linear Fresnel, Dish Stirling, Hybrid System), By Component (Solar Collector, Receiver, Heat Transfer Fluid, Thermal Storage System, Power Block), By Application (Electricity Generation, Industrial Process Heat, Desalination, Heating, Cooling), By End Use (Utility Scale, Commercial, Residential) ...

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    Market Summary

    Global Concentrated Solar Power Market Overview:

    As per MRFR analysis, the Concentrated Solar Power Market Size was estimated at 5.04 (USD Billion) in 2023. The Concentrated Solar Power Market Industry is expected to grow from 5.51(USD Billion) in 2024 to 15 (USD Billion) by 2035. The Concentrated Solar Power Market CAGR (growth rate) is expected to be around 9.52% during the forecast period (2025 - 2035).

    Key Concentrated Solar Power Market Trends Highlighted

    Driven by the rising demand for renewable energy solutions and worldwide initiatives to cut dependence on fossil fuels, the Global Concentrated Solar Power (CSP) industry is seeing notable expansion. Governments all over the globe are enacting encouraging policies and incentives meant to increase the use of renewable energy, which has strengthened CSP technology investments. The focus on lowering greenhouse gas emissions and hastening transitions toward clean energy systems drives this trend mostly. The need for sustainable electricity production options like CSP grows as countries promise aggressive climate targets. The CSP industry offers several possibilities to be investigated.

    Emerging markets, especially in areas with strong solar irradiation, provide notable possibilities for CSP growth. Middle Eastern and North African nations have shown a desire to use solar energy and create major CSP initiatives. Moreover, developments in hybrid systems combining CSP with other renewable sources are gaining popularity as they provide improved efficiency and reliability of electricity supply. These changes may open doors for knowledge exchange, investment, and collaboration among nations eager to grow their renewable energy portfolios. Of late, there has been a clear movement toward creative CSP technologies, including thermal energy storage systems that allow energy dispatch during non-sunny hours.

    This feature solves typical solar power intermittency problems as well as improves the feasibility of CSP as a baseload power source. CSP is slowly becoming more competitive in comparison to other energy sources with continuous research and development. Driven by technology developments, encouraging legislation, and an always-growing awareness of sustainable energy demands, the Concentrated Solar Power Market overall offers the possibility of significant growth.

    Global Concentrated Solar Power Market Overview:

    Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

    Concentrated Solar Power Market Drivers

    Increasing Demand for Renewable Energy

    Rising demand for renewable energy sources is driving notable movement in the Concentrated Solar Power Market Industry. Governments worldwide are establishing lofty goals to cut greenhouse gas emissions. The European Union, for example, aims to cut emissions by 55% by 2030 compared to 1990 levels, hence supporting the move toward renewable sources like concentrated solar power. According to the International Renewable Energy Agency, around 82% of new power capacity added worldwide in the last five years was from renewable sources.

    This increase in demand is significant as it shows a worldwide dedication to sustainable energy solutions, hence supporting market expansion for concentrated solar power technology.

     

    Technological Advancements in Solar Technology

    Technological developments are helping to improve the efficiency and cost-effectiveness of concentrated solar power systems. Innovations like heat transfer fluids and improved tracking systems enhance energy capture. According to the National Renewable Energy Laboratory, technological developments may increase solar thermal efficiency by as much as 10-20% by 2030. Not only does this increase in efficiency make concentrated solar power more feasible, but it also encourages more widespread use, hence supporting the Concentrated Solar Power Market Industry in attaining its expansion potential.

    Government Incentives and Policies

    The expansion of the Concentrated Solar Power Market Industry depends on encouraging government policies and incentives. Many countries are providing subsidies, tax refunds, and monetary incentives to promote solar project growth. The Investment Tax Credit, for instance, has been important in encouraging investment in renewable energy technology in the United States; since its beginning, solar projects have been implemented more than 70% more. These regulations not only promote investment but also raise public knowledge about the possibilities of concentrated solar power, hence hastening market expansion.

    Increasing Energy Consumption Globally

    Another major factor influencing the Concentrated Solar Power Market Industry is the growing worldwide energy consumption. The International Energy Agency estimates that by 2040, world energy needs will rise by 30%. Countries are being driven by this always-rising need for energy to consider renewable sources like concentrated solar power to diversify their energy mix and guarantee energy security. High energy-consuming nations are especially looking to this technology as it provides a sustainable and resource-abundant answer to satisfy future energy requirements.

    Concentrated Solar Power Market Segment Insights:

    Concentrated Solar Power Market Technology Insights

    The Concentrated Solar Power Market focuses heavily on various technologies that drive its growth and sustainability. Among these technologies, the Parabolic Trough system stands out significantly, projected to achieve a valuation of 2.05 USD Billion in 2024, increasing to 5.5 USD Billion by 2035. This segment dominates due to its reliability and efficiency in converting solar energy into thermal energy, making it a preferred choice for large-scale power plants. Another noteworthy technology is the Solar Power Tower, with expected valuations of 1.5 USD Billion in 2024 and growing to 4.0 USD Billion in 2035; this technology is vital for its ability to store energy, enabling power generation even when sunlight is not available.

    Additionally, the Linear Fresnel technology, which is anticipated to be valued at 0.75 USD Billion in 2024 and rise to 2.0 USD Billion by 2035, offers a cost-effective solution with a simpler design and lower land requirements, thus supporting localized power generation projects. The Dish Stirling technology, while comparatively smaller in valuation at 0.5 USD Billion in 2024, is expected to increase to 1.5 USD Billion by 2035; it highlights a niche area of the market, focused on small-scale power production for remote locations, further diversifying the market's offerings.The Hybrid System segment, valued at 1.71 USD Billion in 2024 with a projection of 2.0 USD Billion in 2035, integrates conventional energy sources, providing a balanced approach for energy generation and enhancing grid stability. Each of these technologies plays a significant role in the collective growth of the Concentrated Solar Power, Solar Power UAV driven by rising demands for renewable energy and government support for solar initiatives globally. The insight into the Technology segment reveals an evolving landscape where advancements in efficiency, scaling capabilities, and cost-effectiveness align with global energy goals.

    As these technologies mature, they are poised to meet rising energy demands while contributing to environmental sustainability, a critical factor in the current energy transition. The trends in technological innovation are reflected in the market data, showcasing a robust opportunity for investors and stakeholders in promoting clean energy solutions on a global scale.

    Concentrated Solar Power Market Technology Insights

    Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

    Concentrated Solar Power Market Component Insights

    The Concentrated Solar Power Market, particularly in the Component segment, is positioned for substantial growth and innovation as it addresses the evolving energy landscape. By 2024, the overall market is expected to be valued at USD 5.51 billion, reflecting a significant interest in renewable energy technologies. The segmentation within this market includes critical components such as Solar Collectors, Receivers, Heat Transfer Fluids, Thermal Storage Systems, and Power Blocks, each playing a vital role in the efficiency and effectiveness of concentrated solar power systems.

    Solar Collectors are essential for harnessing solar energy, while Receivers are crucial for converting it into usable heat. Heat Transfer Fluids aid in transporting thermal energy to where it is needed, and Thermal Storage Systems are increasingly important for storing energy for later use, maximizing energy dispatchability. Meanwhile, Power Blocks convert thermal energy into electrical power, representing a key area of technological advancement in the industry. With a global push for sustainable energy transitioning, the emphasis on these components is expected to drive market dynamics, enhancing performance and efficiency across the board while catering to growing energy demands.

    Concentrated Solar Power Market Application Insights

    The Concentrated Solar Power Market is projected to reach a valuation of 5.51 billion USD by 2024, showcasing the market's robust growth driven by increasing demand for renewable energy applications. Within this market, the application segment plays a crucial role in various sectors, significantly bolstering the overall market growth. Electricity generation stands out as a prominent application, serving both residential and industrial needs by providing a sustainable alternative to fossil fuels. Industrial process heat is another important application, offering industries an efficient way to meet thermal energy requirements while reducing greenhouse gas emissions.

    Desalination is gaining traction due to its ability to provide fresh water in arid regions, leveraging solar energy for sustainable water supply solutions. Furthermore, heating and cooling applications continue to evolve, enhancing energy efficiency in HVAC systems. Overall, the Concentrated Solar Power Market segmentation reflects a diverse range of applications that address energy needs while promoting environmental sustainability, aligning with global energy policies aiming for greater reliance on renewable energy sources.

    Concentrated Solar Power Market End Use Insights

    The Concentrated Solar Power Market is experiencing significant growth, driven by its diverse applications across various end-use sectors. In 2024, the market is valued at 5.51 USD Billion, highlighting the increasing demand for renewable energy solutions worldwide. The segmentation within the market comprises Utility Scale, Commercial, and Residential applications, each playing a critical role in the overall energy landscape. The Utility Scale segment is particularly impactful, providing large-scale energy production and contributing to national grid stability, while the Commercial sector focuses on business properties adopting solar technology to reduce energy costs and enhance sustainability.

    The Residential segment also holds importance as more homeowners invest in solar solutions for energy independence and environmental benefits. A key driver for growth in the Concentrated Solar Power Market is the rising awareness and incentives for clean energy, although challenges such as initial investment costs and infrastructure development remain present. Overall, the market statistics show a robust trajectory, and the growth potential across these end-use applications reflects the ongoing global transition towards sustainable energy sources.

    Concentrated Solar Power Market Regional Insights

    The Concentrated Solar Power Market is set to exhibit significant growth across various regions. In 2024, North America holds a market value of 1.25 USD Billion, making it a key player, with a projected growth to 3.3 USD Billion by 2035, reflecting a strong interest in renewable energy initiatives. Europe follows closely with a valuation of 1.75 USD Billion in 2024, advancing to 4.5 USD Billion in 2035, driven by robust government policies promoting sustainable energy solutions. The APAC region has a market value of 1.5 USD Billion in 2024, with expectations to reach 4.0 USD Billion by 2035, indicating an increasing focus on clean energy technologies to combat pollution.

    South America, while smaller at 0.6 USD Billion in 2024, is anticipated to grow to 1.7 USD Billion by 2035, showcasing emerging opportunities in solar energy projects. Meanwhile, the MEA region starts at 0.41 USD Billion in 2024, escalating to 1.5 USD Billion by 2035, as countries prioritize diversification of energy sources. The dynamic growth across these regions underscores the expanding demand and significant potential of the Concentrated Solar Power Market, driven by factors such as technological advancements and favorable regulatory frameworks facilitating market growth.

    Concentrated Solar Power Market Regional Insights

     Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

    Concentrated Solar Power Market Key Players and Competitive Insights:

    The Concentrated Solar Power Market, including solar thermal power, showcases a dynamic landscape driven by advancements in technology and increasing demand for renewable energy sources. As nations strive to transition to sustainable energy solutions, concentrated solar power (CSP) has emerged as a viable alternative due to its ability to generate electricity through solar radiation, thus offering significant potential for large-scale energy production. The competitive landscape is characterized by both established players and emerging companies investing in innovation, research, and development to enhance the efficiency and cost-effectiveness of CSP technologies.

    This sector is influenced by governmental policies and incentives aimed at fostering the growth of renewable energy, making it a focal point for stakeholders looking to capitalize on eco-friendly energy solutions.ENGIE is a prominent player in the Concentrated Solar Power Market, boasting a robust market presence across various regions. The company's strengths lie in its experience in developing, operating, and maintaining renewable energy projects, which positions it as a leader in CSP technology. ENGIE has focused on optimizing its operations to maximize efficiency and reliability while reducing costs. Furthermore, the company has successfully formed strategic partnerships and collaborations to enhance its technical capabilities and expand its project portfolio. This strategic emphasis on innovation and sustainability has enabled ENGIE to capture a significant market share and respond effectively to the growing global demand for cleaner energy options.

    Abengoa has established itself as a formidable entity in the Concentrated Solar Power Market, recognized for its innovative approaches and comprehensive service offerings. The company specializes in developing and constructing CSP plants, providing key products and services that include innovative solar thermal technologies. Abengoa's market presence spans multiple continents, allowing it to leverage diverse geographic opportunities while addressing local energy demands. The company's strengths are reflected in its commitment to research and development, leading to breakthroughs in energy generation efficiency. Additionally, Abengoa has pursued strategic mergers and acquisitions to enhance its operational capabilities and expand its footprint in the renewable energy sector, solidifying its position as a dependable provider of concentrated solar power solutions on a global scale.

    Key Companies in the Concentrated Solar Power Market Include:

      • ENGIE
      • Abengoa
      • Crescent Dunes Solar Energy
      • Alsolen
      • Acciona
      • BrightSource Energy
      • Areva
      • BHEL
      • China National Power
      • Aalco
      • SENER
      • First Solar
      • SolarReserve
      • Siemens
      • L and T

    Concentrated Solar Power Market Industry Developments

    Recent developments in the Concentrated Solar Power Market have revealed a significant push towards renewable energy solutions as countries seek to reduce carbon emissions. Companies like ENGIE and Abengoa are at the forefront with ongoing projects aimed at expanding their solar energy footprints. In September 2023, a strategic partnership was formed between BrightSource Energy and Alsolen to enhance technology sharing in concentrated solar thermal systems. Meanwhile, market valuations have exhibited growth due to increased investments, particularly in solar farms, contributing to an optimistic outlook for firms such as First Solar and SolarReserve.

    In October 2022, China's China National Power announced a substantial investment in solar projects in North Africa, further emphasizing the global nature of the market. Mergers and acquisitions have also taken place; in August 2023, Acciona acquired a stake in a solar facility previously owned by SENER, indicating consolidation trends in the sector. Overall, the market is witnessing heightened activity as companies adapt to evolving energy policies and embrace sustainable practices to fulfill global energy demands.

    CSP Thermal Storage Segmentation Insights

    Concentrated Solar Power Market Technology Outlook

      • Parabolic Trough
      • Solar Power Tower
      • Linear Fresnel
      • Dish Stirling
      • Hybrid System

    Concentrated Solar Power Market Component Outlook

      • Solar Collector
      • Receiver
      • Heat Transfer Fluid
      • Thermal Storage System
      • Power Block

    Concentrated Solar Power Market Application Outlook

      • Electricity Generation
      • Industrial Process Heat
      • Desalination
      • Heating
      • Cooling

    Concentrated Solar Power Market End Use Outlook

      • Utility Scale
      • Commercial
      • Residential

    Concentrated Solar Power Market Regional Outlook

      • North America
      • Europe
      • South America
      • Asia Pacific
      • Middle East and Africa

    Market Size & Forecast

    Report Attribute/Metric

    Details

    Market Size 2023

    5.04 (USD Billion)

    Market Size 2024

    5.51 (USD Billion)

    Market Size 2035

    15.0 (USD Billion)

    Compound Annual Growth Rate (CAGR)

    9.52% (2025 - 2035)

    Report Coverage

    Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

    Base Year

    2024

    Market Forecast Period

    2025 - 2035

    Historical Data

    2019 - 2024

    Market Forecast Units

    USD Billion

    Key Companies Profiled

    ENGIE, Abengoa, Crescent Dunes Solar Energy, Alsolen, Acciona, BrightSource Energy, Areva, BHEL, China National Power, Aalco, SENER, First Solar, SolarReserve, Siemens, L and T

    Segments Covered

    Technology, Component, Application, End Use, Regional

    Key Market Opportunities

    Technological advancements in CSP systems, Growing demand for renewable energy, Government incentives for solar adoption, Increasing investment in clean energy projects, Expansion in emerging markets

    Key Market Dynamics

    Government incentives and policies, Technological advancements, and innovations, Increasing energy demand, Environmental sustainability initiatives, High initial investment costs

    Countries Covered

    North America, Europe, APAC, South America, MEA

    Major Players

    Concentrated Solar Power Market Segmentation

    • Concentrated Solar Power Market By Technology (USD Billion, 2019-2035)

      • Parabolic Trough

      • Solar Power Tower

      • Linear Fresnel

      • Dish Stirling

      • Hybrid System

    • Concentrated Solar Power Market By Component (USD Billion, 2019-2035)

      • Solar Collector

      • Receiver

      • Heat Transfer Fluid

      • Thermal Storage System

      • Power Block

    • Concentrated Solar Power Market By Application (USD Billion, 2019-2035)

      • Electricity Generation

      • Industrial Process Heat

      • Desalination

      • Heating

      • Cooling

    • Concentrated Solar Power Market By End Use (USD Billion, 2019-2035)

      • Utility Scale

      • Commercial

      • Residential

    • Concentrated Solar Power Market By Regional (USD Billion, 2019-2035)

      • North America

      • Europe

      • South America

      • Asia Pacific

      • Middle East and Africa

    Concentrated Solar Power Market Regional Outlook (USD Billion, 2019-2035)

    • North America Outlook (USD Billion, 2019-2035)

      • North America Concentrated Solar Power Market by Technology Type

        • Parabolic Trough

        • Solar Power Tower

        • Linear Fresnel

        • Dish Stirling

        • Hybrid System

      • North America Concentrated Solar Power Market by Component Type

        • Solar Collector

        • Receiver

        • Heat Transfer Fluid

        • Thermal Storage System

        • Power Block

      • North America Concentrated Solar Power Market by Application Type

        • Electricity Generation

        • Industrial Process Heat

        • Desalination

        • Heating

        • Cooling

      • North America Concentrated Solar Power Market by End Use Type

        • Utility Scale

        • Commercial

        • Residential

      • North America Concentrated Solar Power Market by Regional Type

        • US

        • Canada

      • US Outlook (USD Billion, 2019-2035)

      • US Concentrated Solar Power Market by Technology Type

        • Parabolic Trough

        • Solar Power Tower

        • Linear Fresnel

        • Dish Stirling

        • Hybrid System

      • US Concentrated Solar Power Market by Component Type

        • Solar Collector

        • Receiver

        • Heat Transfer Fluid

        • Thermal Storage System

        • Power Block

      • US Concentrated Solar Power Market by Application Type

        • Electricity Generation

        • Industrial Process Heat

        • Desalination

        • Heating

        • Cooling

      • US Concentrated Solar Power Market by End Use Type

        • Utility Scale

        • Commercial

        • Residential

      • CANADA Outlook (USD Billion, 2019-2035)

      • CANADA Concentrated Solar Power Market by Technology Type

        • Parabolic Trough

        • Solar Power Tower

        • Linear Fresnel

        • Dish Stirling

        • Hybrid System

      • CANADA Concentrated Solar Power Market by Component Type

        • Solar Collector

        • Receiver

        • Heat Transfer Fluid

        • Thermal Storage System

        • Power Block

      • CANADA Concentrated Solar Power Market by Application Type

        • Electricity Generation

        • Industrial Process Heat

        • Desalination

        • Heating

        • Cooling

      • CANADA Concentrated Solar Power Market by End Use Type

        • Utility Scale

        • Commercial

        • Residential

    • Europe Outlook (USD Billion, 2019-2035)

      • Europe Concentrated Solar Power Market by Technology Type

        • Parabolic Trough

        • Solar Power Tower

        • Linear Fresnel

        • Dish Stirling

        • Hybrid System

      • Europe Concentrated Solar Power Market by Component Type

        • Solar Collector

        • Receiver

        • Heat Transfer Fluid

        • Thermal Storage System

        • Power Block

      • Europe Concentrated Solar Power Market by Application Type

        • Electricity Generation

        • Industrial Process Heat

        • Desalination

        • Heating

        • Cooling

      • Europe Concentrated Solar Power Market by End Use Type

        • Utility Scale

        • Commercial

        • Residential

      • Europe Concentrated Solar Power Market by Regional Type

        • Germany

        • UK

        • France

        • Russia

        • Italy

        • Spain

        • Rest of Europe

      • GERMANY Outlook (USD Billion, 2019-2035)

      • GERMANY Concentrated Solar Power Market by Technology Type

        • Parabolic Trough

        • Solar Power Tower

        • Linear Fresnel

        • Dish Stirling

        • Hybrid System

      • GERMANY Concentrated Solar Power Market by Component Type

        • Solar Collector

        • Receiver

        • Heat Transfer Fluid

        • Thermal Storage System

        • Power Block

      • GERMANY Concentrated Solar Power Market by Application Type

        • Electricity Generation

        • Industrial Process Heat

        • Desalination

        • Heating

        • Cooling

      • GERMANY Concentrated Solar Power Market by End Use Type

        • Utility Scale

        • Commercial

        • Residential

      • UK Outlook (USD Billion, 2019-2035)

      • UK Concentrated Solar Power Market by Technology Type

        • Parabolic Trough

        • Solar Power Tower

        • Linear Fresnel

        • Dish Stirling

        • Hybrid System

      • UK Concentrated Solar Power Market by Component Type

        • Solar Collector

        • Receiver

        • Heat Transfer Fluid

        • Thermal Storage System

        • Power Block

      • UK Concentrated Solar Power Market by Application Type

        • Electricity Generation

        • Industrial Process Heat

        • Desalination

        • Heating

        • Cooling

      • UK Concentrated Solar Power Market by End Use Type

        • Utility Scale

        • Commercial

        • Residential

      • FRANCE Outlook (USD Billion, 2019-2035)

      • FRANCE Concentrated Solar Power Market by Technology Type

        • Parabolic Trough

        • Solar Power Tower

        • Linear Fresnel

        • Dish Stirling

        • Hybrid System

      • FRANCE Concentrated Solar Power Market by Component Type

        • Solar Collector

        • Receiver

        • Heat Transfer Fluid

        • Thermal Storage System

        • Power Block

      • FRANCE Concentrated Solar Power Market by Application Type

        • Electricity Generation

        • Industrial Process Heat

        • Desalination

        • Heating

        • Cooling

      • FRANCE Concentrated Solar Power Market by End Use Type

        • Utility Scale

        • Commercial

        • Residential

      • RUSSIA Outlook (USD Billion, 2019-2035)

      • RUSSIA Concentrated Solar Power Market by Technology Type

        • Parabolic Trough

        • Solar Power Tower

        • Linear Fresnel

        • Dish Stirling

        • Hybrid System

      • RUSSIA Concentrated Solar Power Market by Component Type

        • Solar Collector

        • Receiver

        • Heat Transfer Fluid

        • Thermal Storage System

        • Power Block

      • RUSSIA Concentrated Solar Power Market by Application Type

        • Electricity Generation

        • Industrial Process Heat

        • Desalination

        • Heating

        • Cooling

      • RUSSIA Concentrated Solar Power Market by End Use Type

        • Utility Scale

        • Commercial

        • Residential

      • ITALY Outlook (USD Billion, 2019-2035)

      • ITALY Concentrated Solar Power Market by Technology Type

        • Parabolic Trough

        • Solar Power Tower

        • Linear Fresnel

        • Dish Stirling

        • Hybrid System

      • ITALY Concentrated Solar Power Market by Component Type

        • Solar Collector

        • Receiver

        • Heat Transfer Fluid

        • Thermal Storage System

        • Power Block

      • ITALY Concentrated Solar Power Market by Application Type

        • Electricity Generation

        • Industrial Process Heat

        • Desalination

        • Heating

        • Cooling

      • ITALY Concentrated Solar Power Market by End Use Type

        • Utility Scale

        • Commercial

        • Residential

      • SPAIN Outlook (USD Billion, 2019-2035)

      • SPAIN Concentrated Solar Power Market by Technology Type

        • Parabolic Trough

        • Solar Power Tower

        • Linear Fresnel

        • Dish Stirling

        • Hybrid System

      • SPAIN Concentrated Solar Power Market by Component Type

        • Solar Collector

        • Receiver

        • Heat Transfer Fluid

        • Thermal Storage System

        • Power Block

      • SPAIN Concentrated Solar Power Market by Application Type

        • Electricity Generation

        • Industrial Process Heat

        • Desalination

        • Heating

        • Cooling

      • SPAIN Concentrated Solar Power Market by End Use Type

        • Utility Scale

        • Commercial

        • Residential

      • REST OF EUROPE Outlook (USD Billion, 2019-2035)

      • REST OF EUROPE Concentrated Solar Power Market by Technology Type

        • Parabolic Trough

        • Solar Power Tower

        • Linear Fresnel

        • Dish Stirling

        • Hybrid System

      • REST OF EUROPE Concentrated Solar Power Market by Component Type

        • Solar Collector

        • Receiver

        • Heat Transfer Fluid

        • Thermal Storage System

        • Power Block

      • REST OF EUROPE Concentrated Solar Power Market by Application Type

        • Electricity Generation

        • Industrial Process Heat

        • Desalination

        • Heating

        • Cooling

      • REST OF EUROPE Concentrated Solar Power Market by End Use Type

        • Utility Scale

        • Commercial

        • Residential

    • APAC Outlook (USD Billion, 2019-2035)

      • APAC Concentrated Solar Power Market by Technology Type

        • Parabolic Trough

        • Solar Power Tower

        • Linear Fresnel

        • Dish Stirling

        • Hybrid System

      • APAC Concentrated Solar Power Market by Component Type

        • Solar Collector

        • Receiver

        • Heat Transfer Fluid

        • Thermal Storage System

        • Power Block

      • APAC Concentrated Solar Power Market by Application Type

        • Electricity Generation

        • Industrial Process Heat

        • Desalination

        • Heating

        • Cooling

      • APAC Concentrated Solar Power Market by End Use Type

        • Utility Scale

        • Commercial

        • Residential

      • APAC Concentrated Solar Power Market by Regional Type

        • China

        • India

        • Japan

        • South Korea

        • Malaysia

        • Thailand

        • Indonesia

        • Rest of APAC

      • CHINA Outlook (USD Billion, 2019-2035)

      • CHINA Concentrated Solar Power Market by Technology Type

        • Parabolic Trough

        • Solar Power Tower

        • Linear Fresnel

        • Dish Stirling

        • Hybrid System

      • CHINA Concentrated Solar Power Market by Component Type

        • Solar Collector

        • Receiver

        • Heat Transfer Fluid

        • Thermal Storage System

        • Power Block

      • CHINA Concentrated Solar Power Market by Application Type

        • Electricity Generation

        • Industrial Process Heat

        • Desalination

        • Heating

        • Cooling

      • CHINA Concentrated Solar Power Market by End Use Type

        • Utility Scale

        • Commercial

        • Residential

      • INDIA Outlook (USD Billion, 2019-2035)

      • INDIA Concentrated Solar Power Market by Technology Type

        • Parabolic Trough

        • Solar Power Tower

        • Linear Fresnel

        • Dish Stirling

        • Hybrid System

      • INDIA Concentrated Solar Power Market by Component Type

        • Solar Collector

        • Receiver

        • Heat Transfer Fluid

        • Thermal Storage System

        • Power Block

      • INDIA Concentrated Solar Power Market by Application Type

        • Electricity Generation

        • Industrial Process Heat

        • Desalination

        • Heating

        • Cooling

      • INDIA Concentrated Solar Power Market by End Use Type

        • Utility Scale

        • Commercial

        • Residential

      • JAPAN Outlook (USD Billion, 2019-2035)

      • JAPAN Concentrated Solar Power Market by Technology Type

        • Parabolic Trough

        • Solar Power Tower

        • Linear Fresnel

        • Dish Stirling

        • Hybrid System

      • JAPAN Concentrated Solar Power Market by Component Type

        • Solar Collector

        • Receiver

        • Heat Transfer Fluid

        • Thermal Storage System

        • Power Block

      • JAPAN Concentrated Solar Power Market by Application Type

        • Electricity Generation

        • Industrial Process Heat

        • Desalination

        • Heating

        • Cooling

      • JAPAN Concentrated Solar Power Market by End Use Type

        • Utility Scale

        • Commercial

        • Residential

      • SOUTH KOREA Outlook (USD Billion, 2019-2035)

      • SOUTH KOREA Concentrated Solar Power Market by Technology Type

        • Parabolic Trough

        • Solar Power Tower

        • Linear Fresnel

        • Dish Stirling

        • Hybrid System

      • SOUTH KOREA Concentrated Solar Power Market by Component Type

        • Solar Collector

        • Receiver

        • Heat Transfer Fluid

        • Thermal Storage System

        • Power Block

      • SOUTH KOREA Concentrated Solar Power Market by Application Type

        • Electricity Generation

        • Industrial Process Heat

        • Desalination

        • Heating

        • Cooling

      • SOUTH KOREA Concentrated Solar Power Market by End Use Type

        • Utility Scale

        • Commercial

        • Residential

      • MALAYSIA Outlook (USD Billion, 2019-2035)

      • MALAYSIA Concentrated Solar Power Market by Technology Type

        • Parabolic Trough

        • Solar Power Tower

        • Linear Fresnel

        • Dish Stirling

        • Hybrid System

      • MALAYSIA Concentrated Solar Power Market by Component Type

        • Solar Collector

        • Receiver

        • Heat Transfer Fluid

        • Thermal Storage System

        • Power Block

      • MALAYSIA Concentrated Solar Power Market by Application Type

        • Electricity Generation

        • Industrial Process Heat

        • Desalination

        • Heating

        • Cooling

      • MALAYSIA Concentrated Solar Power Market by End Use Type

        • Utility Scale

        • Commercial

        • Residential

      • THAILAND Outlook (USD Billion, 2019-2035)

      • THAILAND Concentrated Solar Power Market by Technology Type

        • Parabolic Trough

        • Solar Power Tower

        • Linear Fresnel

        • Dish Stirling

        • Hybrid System

      • THAILAND Concentrated Solar Power Market by Component Type

        • Solar Collector

        • Receiver

        • Heat Transfer Fluid

        • Thermal Storage System

        • Power Block

      • THAILAND Concentrated Solar Power Market by Application Type

        • Electricity Generation

        • Industrial Process Heat

        • Desalination

        • Heating

        • Cooling

      • THAILAND Concentrated Solar Power Market by End Use Type

        • Utility Scale

        • Commercial

        • Residential

      • INDONESIA Outlook (USD Billion, 2019-2035)

      • INDONESIA Concentrated Solar Power Market by Technology Type

        • Parabolic Trough

        • Solar Power Tower

        • Linear Fresnel

        • Dish Stirling

        • Hybrid System

      • INDONESIA Concentrated Solar Power Market by Component Type

        • Solar Collector

        • Receiver

        • Heat Transfer Fluid

        • Thermal Storage System

        • Power Block

      • INDONESIA Concentrated Solar Power Market by Application Type

        • Electricity Generation

        • Industrial Process Heat

        • Desalination

        • Heating

        • Cooling

      • INDONESIA Concentrated Solar Power Market by End Use Type

        • Utility Scale

        • Commercial

        • Residential

      • REST OF APAC Outlook (USD Billion, 2019-2035)

      • REST OF APAC Concentrated Solar Power Market by Technology Type

        • Parabolic Trough

        • Solar Power Tower

        • Linear Fresnel

        • Dish Stirling

        • Hybrid System

      • REST OF APAC Concentrated Solar Power Market by Component Type

        • Solar Collector

        • Receiver

        • Heat Transfer Fluid

        • Thermal Storage System

        • Power Block

      • REST OF APAC Concentrated Solar Power Market by Application Type

        • Electricity Generation

        • Industrial Process Heat

        • Desalination

        • Heating

        • Cooling

      • REST OF APAC Concentrated Solar Power Market by End Use Type

        • Utility Scale

        • Commercial

        • Residential

    • South America Outlook (USD Billion, 2019-2035)

      • South America Concentrated Solar Power Market by Technology Type

        • Parabolic Trough

        • Solar Power Tower

        • Linear Fresnel

        • Dish Stirling

        • Hybrid System

      • South America Concentrated Solar Power Market by Component Type

        • Solar Collector

        • Receiver

        • Heat Transfer Fluid

        • Thermal Storage System

        • Power Block

      • South America Concentrated Solar Power Market by Application Type

        • Electricity Generation

        • Industrial Process Heat

        • Desalination

        • Heating

        • Cooling

      • South America Concentrated Solar Power Market by End Use Type

        • Utility Scale

        • Commercial

        • Residential

      • South America Concentrated Solar Power Market by Regional Type

        • Brazil

        • Mexico

        • Argentina

        • Rest of South America

      • BRAZIL Outlook (USD Billion, 2019-2035)

      • BRAZIL Concentrated Solar Power Market by Technology Type

        • Parabolic Trough

        • Solar Power Tower

        • Linear Fresnel

        • Dish Stirling

        • Hybrid System

      • BRAZIL Concentrated Solar Power Market by Component Type

        • Solar Collector

        • Receiver

        • Heat Transfer Fluid

        • Thermal Storage System

        • Power Block

      • BRAZIL Concentrated Solar Power Market by Application Type

        • Electricity Generation

        • Industrial Process Heat

        • Desalination

        • Heating

        • Cooling

      • BRAZIL Concentrated Solar Power Market by End Use Type

        • Utility Scale

        • Commercial

        • Residential

      • MEXICO Outlook (USD Billion, 2019-2035)

      • MEXICO Concentrated Solar Power Market by Technology Type

        • Parabolic Trough

        • Solar Power Tower

        • Linear Fresnel

        • Dish Stirling

        • Hybrid System

      • MEXICO Concentrated Solar Power Market by Component Type

        • Solar Collector

        • Receiver

        • Heat Transfer Fluid

        • Thermal Storage System

        • Power Block

      • MEXICO Concentrated Solar Power Market by Application Type

        • Electricity Generation

        • Industrial Process Heat

        • Desalination

        • Heating

        • Cooling

      • MEXICO Concentrated Solar Power Market by End Use Type

        • Utility Scale

        • Commercial

        • Residential

      • ARGENTINA Outlook (USD Billion, 2019-2035)

      • ARGENTINA Concentrated Solar Power Market by Technology Type

        • Parabolic Trough

        • Solar Power Tower

        • Linear Fresnel

        • Dish Stirling

        • Hybrid System

      • ARGENTINA Concentrated Solar Power Market by Component Type

        • Solar Collector

        • Receiver

        • Heat Transfer Fluid

        • Thermal Storage System

        • Power Block

      • ARGENTINA Concentrated Solar Power Market by Application Type

        • Electricity Generation

        • Industrial Process Heat

        • Desalination

        • Heating

        • Cooling

      • ARGENTINA Concentrated Solar Power Market by End Use Type

        • Utility Scale

        • Commercial

        • Residential

      • REST OF SOUTH AMERICA Outlook (USD Billion, 2019-2035)

      • REST OF SOUTH AMERICA Concentrated Solar Power Market by Technology Type

        • Parabolic Trough

        • Solar Power Tower

        • Linear Fresnel

        • Dish Stirling

        • Hybrid System

      • REST OF SOUTH AMERICA Concentrated Solar Power Market by Component Type

        • Solar Collector

        • Receiver

        • Heat Transfer Fluid

        • Thermal Storage System

        • Power Block

      • REST OF SOUTH AMERICA Concentrated Solar Power Market by Application Type

        • Electricity Generation

        • Industrial Process Heat

        • Desalination

        • Heating

        • Cooling

      • REST OF SOUTH AMERICA Concentrated Solar Power Market by End Use Type

        • Utility Scale

        • Commercial

        • Residential

    • MEA Outlook (USD Billion, 2019-2035)

      • MEA Concentrated Solar Power Market by Technology Type

        • Parabolic Trough

        • Solar Power Tower

        • Linear Fresnel

        • Dish Stirling

        • Hybrid System

      • MEA Concentrated Solar Power Market by Component Type

        • Solar Collector

        • Receiver

        • Heat Transfer Fluid

        • Thermal Storage System

        • Power Block

      • MEA Concentrated Solar Power Market by Application Type

        • Electricity Generation

        • Industrial Process Heat

        • Desalination

        • Heating

        • Cooling

      • MEA Concentrated Solar Power Market by End Use Type

        • Utility Scale

        • Commercial

        • Residential

      • MEA Concentrated Solar Power Market by Regional Type

        • GCC Countries

        • South Africa

        • Rest of MEA

      • GCC COUNTRIES Outlook (USD Billion, 2019-2035)

      • GCC COUNTRIES Concentrated Solar Power Market by Technology Type

        • Parabolic Trough

        • Solar Power Tower

        • Linear Fresnel

        • Dish Stirling

        • Hybrid System

      • GCC COUNTRIES Concentrated Solar Power Market by Component Type

        • Solar Collector

        • Receiver

        • Heat Transfer Fluid

        • Thermal Storage System

        • Power Block

      • GCC COUNTRIES Concentrated Solar Power Market by Application Type

        • Electricity Generation

        • Industrial Process Heat

        • Desalination

        • Heating

        • Cooling

      • GCC COUNTRIES Concentrated Solar Power Market by End Use Type

        • Utility Scale

        • Commercial

        • Residential

      • SOUTH AFRICA Outlook (USD Billion, 2019-2035)

      • SOUTH AFRICA Concentrated Solar Power Market by Technology Type

        • Parabolic Trough

        • Solar Power Tower

        • Linear Fresnel

        • Dish Stirling

        • Hybrid System

      • SOUTH AFRICA Concentrated Solar Power Market by Component Type

        • Solar Collector

        • Receiver

        • Heat Transfer Fluid

        • Thermal Storage System

        • Power Block

      • SOUTH AFRICA Concentrated Solar Power Market by Application Type

        • Electricity Generation

        • Industrial Process Heat

        • Desalination

        • Heating

        • Cooling

      • SOUTH AFRICA Concentrated Solar Power Market by End Use Type

        • Utility Scale

        • Commercial

        • Residential

      • REST OF MEA Outlook (USD Billion, 2019-2035)

      • REST OF MEA Concentrated Solar Power Market by Technology Type

        • Parabolic Trough

        • Solar Power Tower

        • Linear Fresnel

        • Dish Stirling

        • Hybrid System

      • REST OF MEA Concentrated Solar Power Market by Component Type

        • Solar Collector

        • Receiver

        • Heat Transfer Fluid

        • Thermal Storage System

        • Power Block

      • REST OF MEA Concentrated Solar Power Market by Application Type

        • Electricity Generation

        • Industrial Process Heat

        • Desalination

        • Heating

        • Cooling

      • REST OF MEA Concentrated Solar Power Market by End Use Type

        • Utility Scale

        • Commercial

        • Residential

     

     

    Market Trends

    Global Concentrated Solar Power Market Overview:

    As per MRFR analysis, the Concentrated Solar Power Market Size was estimated at 5.04 (USD Billion) in 2023. The Concentrated Solar Power Market Industry is expected to grow from 5.51(USD Billion) in 2024 to 15 (USD Billion) by 2035. The Concentrated Solar Power Market CAGR (growth rate) is expected to be around 9.52% during the forecast period (2025 - 2035).

    Key Concentrated Solar Power Market Trends Highlighted

    Driven by the rising demand for renewable energy solutions and worldwide initiatives to cut dependence on fossil fuels, the Global Concentrated Solar Power (CSP) industry is seeing notable expansion. Governments all over the globe are enacting encouraging policies and incentives meant to increase the use of renewable energy, which has strengthened CSP technology investments. The focus on lowering greenhouse gas emissions and hastening transitions toward clean energy systems drives this trend mostly. The need for sustainable electricity production options like CSP grows as countries promise aggressive climate targets. The CSP industry offers several possibilities to be investigated.

    Emerging markets, especially in areas with strong solar irradiation, provide notable possibilities for CSP growth. Middle Eastern and North African nations have shown a desire to use solar energy and create major CSP initiatives. Moreover, developments in hybrid syste...

    Market Segment Insights

    Smartphone Sensors Smartphone Type Insights

    The Smartphone Sensors market segmentation, based on smartphone type, includes standard smartphone, rugged smartphone, smartwatches, and other wearable. The standard smartphone segment dominated the market, accounting for the maximum market revenue. A smartphone is a mobile phone with a built-in computer and advanced features, such as web browsing and operating system, which are not associated with its counterpart. The rising mobile internet use, rising disposable income in developing countries, and high ownership of premium design smartphones are a few factors that are anticipated to grow smartphone sales. Smartphones are helped by a mobile operating system that offers advanced computing facilities. A smartphone can also work as a digital media player for uploading photos, videos, and music through a single interface.

    Smartphone Sensors Market, By Device Type Outlook, 2024 & 2035

    Smartphone Sensors Manufacturer Insights

    The Smartphone Sensors market segmentation, based on the manufacturer, includes Apple Inc., Samsung Electronics, Huawei Technology, Xiaomi Inc., Oppo, Sony Corporation, HMD Global, and others. The Apple Inc. segment generated the most revenue due to its superior quality. Apple’s iPhone stands out over all other smartphones in the market. Apple Inc. is the market leader because they use more sensors in their devices to provide unique features. For Instance: Apple’s iPhone 12 uses a lidar for depth sensing, proximity for 3D touch, a gyroscope for compass, GPS, face ID for biometrics, auto-off, a barometer, a magnetometer for compass & GPS, and an ambient light sensor for auto-dimming displays. The better user experience, increased accessibility, and more security these sensors offer consumers to boost the segment‘s growth.

    Smartphone Sensors Application Insights

    The Smartphone Sensors market segmentation, based on the manufacturer, includes Apple Inc., Samsung Electronics, Huawei Technology, Xiaomi Inc., Oppo, Sony Corporation, HMD Global, and others. The Apple Inc. segment generated the most revenue due to its superior quality. Apple’s iPhone stands out over all other smartphones in the market. Apple Inc. is the market leader because they use more sensors in their devices to provide unique features. For Instance: Apple’s iPhone 12 uses a lidar for depth sensing, proximity for 3D touch, a gyroscope for compass, GPS, face ID for biometrics, auto-off, a barometer, a magnetometer for compass & GPS, and an ambient light sensor for auto-dimming displays. The better user experience, increased accessibility, and more security these sensors offer consumers to boost the segment‘s growth.

    Smartphone Sensors Regional Insights

    The Smartphone Sensors market segmentation, based on the manufacturer, includes Apple Inc., Samsung Electronics, Huawei Technology, Xiaomi Inc., Oppo, Sony Corporation, HMD Global, and others. The Apple Inc. segment generated the most revenue due to its superior quality. Apple’s iPhone stands out over all other smartphones in the market. Apple Inc. is the market leader because they use more sensors in their devices to provide unique features. For Instance: Apple’s iPhone 12 uses a lidar for depth sensing, proximity for 3D touch, a gyroscope for compass, GPS, face ID for biometrics, auto-off, a barometer, a magnetometer for compass & GPS, and an ambient light sensor for auto-dimming displays. The better user experience, increased accessibility, and more security these sensors offer consumers to boost the segment‘s growth.

    Smartphone Sensors Market, By Device Type Outlook, 2024 & 2035

    Smartphone Sensors Price Insights

    The Smartphone Sensors market segmentation, based on price, includes USD 300 to USD 500, USD 100 to USD 300, above USD 500, and under USD 100. The USD 300 to USD 500 segment dominated the market revenue in the projected period. Most smartphones sold in medium-end devices have a sensor within this range. For instance: Nubia launched a new flagship Android device powered by the latest Snapdragon 8Gen 2CPU. The OEM has also specified that this gadget, which peculiarly seems to go by the name Z50 even though its processor was the z40 Pro, will compete with the Xiaomi 13 and iQOO11 series with cutting-edge LPDDR5X RAM and storage with the most recent UFS 4.0 spec.

    Get more detailed insights about Concentrating Solar Power Market

    Key Players and Competitive Insights

    Leading market players are investing heavily in research and development to expand their product lines, which will help the Smartphone Sensors market, grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and growing market climate, the Smartphone Sensors industry must offer cost-effective items.

    Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Smartphone Sensors industry to benefit clients and increase the market sector. In recent years, the Smartphone Sensors industry has offered manufacturers some of the most significant advantages. Major players in the Smartphone Sensors market, including MS AG (Austria), Broadcom Inc. (US), DYNA IMAGE Corporation (China), Murata Electronics Oy (Finland), NEXT Biometrics Group ASA (Norway), Omron Corporation (Japan), Samsung Electronics Co. Ltd. (South Korea), Sony Corporation (Japan)., and others, are attempting to increase market demand by investing in research and development operations.

    Samsung is dedicated to abiding by local laws and regulations and enforcing a strict code of conduct for all employees. Samsung adheres to a straightforward business tent: to usage its technology and expertise to develop top-notch goods and services that make a more cultured world. Samsung provides a high importance on its people and technologies to do this. For Instance: In January 2023, Samsung Electronics launched its new MICRO LED, Neo QLED, and Samsung OLED product lines, along with lifestyle products and accessories, before CES® 2023.

    Apple Inc. is a multinational American technology business with its main office in Cupertino, California. According to revenue, Apple will be the top technological business in the world in 2022, with US $ 394.3 billion in sales. According to market capitalization, Apple is the largest corporation in the world as of March 2023. For Instance: In September 2022, the iPhone 14 and iPhone 14 Plus, which come in two sizes, 6.1 and 6.7 inches and include a smart design, camera upgrades, and game-changing new safety measures, were introduced by Apple. The iPhone 14 and iPhone 14 Plus have a powerful camera system that incorporates the primary and front TrueDepth cameras, the Ultra Wide camera for uncommon perspectives, and the photonic engine, an enhanced picture pipeline.

    Key Companies in the Smartphone Sensors market include

    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)

    Industry Developments

    • September 2022: Comcast and Samsung Electronics announced their partnership to create 5G Radio Access Network (RAN) technologies to enhance 5G connection for Xfinity Mobile and Comcast Business Mobile users in Comcast service zones. Samsung will provide 5G RAN technology, and Comcast will deploy Citizens Broadband Radio Service (CBRS) and 600 MHz spectrum to provide 5G access to consumer and business users in the US.
    • October 2022: Huawei announced the release of the newest antenna solutions, including the Maxwell platform and the X2 antenna series, for the subsequent 5G antenna innovation stage. The new technologies speed up 5G deployment by improving antenna and setup capabilities.

    Market Segmentation

    Smartphone Type Outlook

    • Standard Smartphone
    • Rugged Smartphone
    • Smartwatches
    • Other Wearable

    Price Outlook

    • USD 300 to USD 500
    • USD 100 to USD 300
    • Above USD 500
    • Under USD 100

    Manufacturer Outlook

    • Apple Inc.
    • Samsung Electronics
    • Huawei Technology
    • Xiaomi Inc.
    • Oppo
    • Sony Corporation
    • HMD Global

    Application Outlook

    • High-Level
    • Mid-Level
    • Low-Level

    Manufacturer Outlook

    North America
    • US
    • Canada
    Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
    Asia-Pacific
    • China
    • Japan
    • India
    • Italy
    • Australia
    • South Korea
    • Rest of Asia-Pacific
    Rest of the World
    • Middle East
    • Africa
    • Latin America

    Report Scope

    Report Attribute/Metric

    Details

    Market Size 2023

    5.04 (USD Billion)

    Market Size 2024

    5.51 (USD Billion)

    Market Size 2035

    15.0 (USD Billion)

    Compound Annual Growth Rate (CAGR)

    9.52% (2025 - 2035)

    Report Coverage

    Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

    Base Year

    2024

    Market Forecast Period

    2025 - 2035

    Historical Data

    2019 - 2024

    Market Forecast Units

    USD Billion

    Key Companies Profiled

    ENGIE, Abengoa, Crescent Dunes Solar Energy, Alsolen, Acciona, BrightSource Energy, Areva, BHEL, China National Power, Aalco, SENER, First Solar, SolarReserve, Siemens, L and T

    Segments Covered

    Technology, Component, Application, End Use, Regional

    Key Market Opportunities

    Technological advancements in CSP systems, Growing demand for renewable energy, Government incentives for solar adoption, Increasing investment in clean energy projects, Expansion in emerging markets

    Key Market Dynamics

    Government incentives and policies, Technological advancements, and innovations, Increasing energy demand, Environmental sustainability initiatives, High initial investment costs

    Countries Covered

    North America, Europe, APAC, South America, MEA

    Market Highlights

    Author

    Aarti Dhapte
    Team Lead - Research

    She holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.

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    Posted on July 23, 2025, 10:15 AM
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    Posted on July 22, 2025, 7:45 PM

    FAQs

    What are the types of concentrated solar power systems identified in the MRFR report?

    The various types of concentrated solar power systems include linear concentrator system, power tower system, dish/engine system, and thermal storage system.

    What can be the market value by 2025, as estimated by MRFR analysts?

    MRFR analysts estimate that the concentrating solar power market value by 2025 can be USD 18.41 billion.

    Which technology-based segment is anticipated to lead the market in the forthcoming years?

    Among all the technology-based segments, the parabolic trough segment can lead the global market in the forthcoming years.

    What are the major factors that are expected to push the market growth over the review period?

    The major factors driving the growth of the global concentrating solar power market include growing environmental concerns over carbon emissions and government initiatives to enable renewable technologies.

    What are the benefits of concentrated solar power, which help boost its demand in the market?

    The benefits of concentrated solar power include higher efficiencies, better hybrid operational capability and lower investment costs, among others.

    Concentrated Solar Power Market Segmentation

    • Concentrated Solar Power Market By Technology (USD Billion, 2019-2035)

      • Parabolic Trough
      • Solar Power Tower
      • Linear Fresnel
      • Dish Stirling
      • Hybrid System
    • Concentrated Solar Power Market By Component (USD Billion, 2019-2035)

      • Solar Collector
      • Receiver
      • Heat Transfer Fluid
      • Thermal Storage System
      • Power Block
    • Concentrated Solar Power Market By Application (USD Billion, 2019-2035)

      • Electricity Generation
      • Industrial Process Heat
      • Desalination
      • Heating
      • Cooling
    • Concentrated Solar Power Market By End Use (USD Billion, 2019-2035)

      • Utility Scale
      • Commercial
      • Residential
    • Concentrated Solar Power Market By Regional (USD Billion, 2019-2035)

      • North America
      • Europe
      • South America
      • Asia Pacific
      • Middle East and Africa

    Concentrated Solar Power Market Regional Outlook (USD Billion, 2019-2035)

    • North America Outlook (USD Billion, 2019-2035)

      • North America Concentrated Solar Power Market by Technology Type

        • Parabolic Trough
        • Solar Power Tower
        • Linear Fresnel
        • Dish Stirling
        • Hybrid System
      • North America Concentrated Solar Power Market by Component Type

        • Solar Collector
        • Receiver
        • Heat Transfer Fluid
        • Thermal Storage System
        • Power Block
      • North America Concentrated Solar Power Market by Application Type

        • Electricity Generation
        • Industrial Process Heat
        • Desalination
        • Heating
        • Cooling
      • North America Concentrated Solar Power Market by End Use Type

        • Utility Scale
        • Commercial
        • Residential
      • North America Concentrated Solar Power Market by Regional Type

        • US
        • Canada
      • US Outlook (USD Billion, 2019-2035)
      • US Concentrated Solar Power Market by Technology Type

        • Parabolic Trough
        • Solar Power Tower
        • Linear Fresnel
        • Dish Stirling
        • Hybrid System
      • US Concentrated Solar Power Market by Component Type

        • Solar Collector
        • Receiver
        • Heat Transfer Fluid
        • Thermal Storage System
        • Power Block
      • US Concentrated Solar Power Market by Application Type

        • Electricity Generation
        • Industrial Process Heat
        • Desalination
        • Heating
        • Cooling
      • US Concentrated Solar Power Market by End Use Type

        • Utility Scale
        • Commercial
        • Residential
      • CANADA Outlook (USD Billion, 2019-2035)
      • CANADA Concentrated Solar Power Market by Technology Type

        • Parabolic Trough
        • Solar Power Tower
        • Linear Fresnel
        • Dish Stirling
        • Hybrid System
      • CANADA Concentrated Solar Power Market by Component Type

        • Solar Collector
        • Receiver
        • Heat Transfer Fluid
        • Thermal Storage System
        • Power Block
      • CANADA Concentrated Solar Power Market by Application Type

        • Electricity Generation
        • Industrial Process Heat
        • Desalination
        • Heating
        • Cooling
      • CANADA Concentrated Solar Power Market by End Use Type

        • Utility Scale
        • Commercial
        • Residential
    • Europe Outlook (USD Billion, 2019-2035)

      • Europe Concentrated Solar Power Market by Technology Type

        • Parabolic Trough
        • Solar Power Tower
        • Linear Fresnel
        • Dish Stirling
        • Hybrid System
      • Europe Concentrated Solar Power Market by Component Type

        • Solar Collector
        • Receiver
        • Heat Transfer Fluid
        • Thermal Storage System
        • Power Block
      • Europe Concentrated Solar Power Market by Application Type

        • Electricity Generation
        • Industrial Process Heat
        • Desalination
        • Heating
        • Cooling
      • Europe Concentrated Solar Power Market by End Use Type

        • Utility Scale
        • Commercial
        • Residential
      • Europe Concentrated Solar Power Market by Regional Type

        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Spain
        • Rest of Europe
      • GERMANY Outlook (USD Billion, 2019-2035)
      • GERMANY Concentrated Solar Power Market by Technology Type

        • Parabolic Trough
        • Solar Power Tower
        • Linear Fresnel
        • Dish Stirling
        • Hybrid System
      • GERMANY Concentrated Solar Power Market by Component Type

        • Solar Collector
        • Receiver
        • Heat Transfer Fluid
        • Thermal Storage System
        • Power Block
      • GERMANY Concentrated Solar Power Market by Application Type

        • Electricity Generation
        • Industrial Process Heat
        • Desalination
        • Heating
        • Cooling
      • GERMANY Concentrated Solar Power Market by End Use Type

        • Utility Scale
        • Commercial
        • Residential
      • UK Outlook (USD Billion, 2019-2035)
      • UK Concentrated Solar Power Market by Technology Type

        • Parabolic Trough
        • Solar Power Tower
        • Linear Fresnel
        • Dish Stirling
        • Hybrid System
      • UK Concentrated Solar Power Market by Component Type

        • Solar Collector
        • Receiver
        • Heat Transfer Fluid
        • Thermal Storage System
        • Power Block
      • UK Concentrated Solar Power Market by Application Type

        • Electricity Generation
        • Industrial Process Heat
        • Desalination
        • Heating
        • Cooling
      • UK Concentrated Solar Power Market by End Use Type

        • Utility Scale
        • Commercial
        • Residential
      • FRANCE Outlook (USD Billion, 2019-2035)
      • FRANCE Concentrated Solar Power Market by Technology Type

        • Parabolic Trough
        • Solar Power Tower
        • Linear Fresnel
        • Dish Stirling
        • Hybrid System
      • FRANCE Concentrated Solar Power Market by Component Type

        • Solar Collector
        • Receiver
        • Heat Transfer Fluid
        • Thermal Storage System
        • Power Block
      • FRANCE Concentrated Solar Power Market by Application Type

        • Electricity Generation
        • Industrial Process Heat
        • Desalination
        • Heating
        • Cooling
      • FRANCE Concentrated Solar Power Market by End Use Type

        • Utility Scale
        • Commercial
        • Residential
      • RUSSIA Outlook (USD Billion, 2019-2035)
      • RUSSIA Concentrated Solar Power Market by Technology Type

        • Parabolic Trough
        • Solar Power Tower
        • Linear Fresnel
        • Dish Stirling
        • Hybrid System
      • RUSSIA Concentrated Solar Power Market by Component Type

        • Solar Collector
        • Receiver
        • Heat Transfer Fluid
        • Thermal Storage System
        • Power Block
      • RUSSIA Concentrated Solar Power Market by Application Type

        • Electricity Generation
        • Industrial Process Heat
        • Desalination
        • Heating
        • Cooling
      • RUSSIA Concentrated Solar Power Market by End Use Type

        • Utility Scale
        • Commercial
        • Residential
      • ITALY Outlook (USD Billion, 2019-2035)
      • ITALY Concentrated Solar Power Market by Technology Type

        • Parabolic Trough
        • Solar Power Tower
        • Linear Fresnel
        • Dish Stirling
        • Hybrid System
      • ITALY Concentrated Solar Power Market by Component Type

        • Solar Collector
        • Receiver
        • Heat Transfer Fluid
        • Thermal Storage System
        • Power Block
      • ITALY Concentrated Solar Power Market by Application Type

        • Electricity Generation
        • Industrial Process Heat
        • Desalination
        • Heating
        • Cooling
      • ITALY Concentrated Solar Power Market by End Use Type

        • Utility Scale
        • Commercial
        • Residential
      • SPAIN Outlook (USD Billion, 2019-2035)
      • SPAIN Concentrated Solar Power Market by Technology Type

        • Parabolic Trough
        • Solar Power Tower
        • Linear Fresnel
        • Dish Stirling
        • Hybrid System
      • SPAIN Concentrated Solar Power Market by Component Type

        • Solar Collector
        • Receiver
        • Heat Transfer Fluid
        • Thermal Storage System
        • Power Block
      • SPAIN Concentrated Solar Power Market by Application Type

        • Electricity Generation
        • Industrial Process Heat
        • Desalination
        • Heating
        • Cooling
      • SPAIN Concentrated Solar Power Market by End Use Type

        • Utility Scale
        • Commercial
        • Residential
      • REST OF EUROPE Outlook (USD Billion, 2019-2035)
      • REST OF EUROPE Concentrated Solar Power Market by Technology Type

        • Parabolic Trough
        • Solar Power Tower
        • Linear Fresnel
        • Dish Stirling
        • Hybrid System
      • REST OF EUROPE Concentrated Solar Power Market by Component Type

        • Solar Collector
        • Receiver
        • Heat Transfer Fluid
        • Thermal Storage System
        • Power Block
      • REST OF EUROPE Concentrated Solar Power Market by Application Type

        • Electricity Generation
        • Industrial Process Heat
        • Desalination
        • Heating
        • Cooling
      • REST OF EUROPE Concentrated Solar Power Market by End Use Type

        • Utility Scale
        • Commercial
        • Residential
    • APAC Outlook (USD Billion, 2019-2035)

      • APAC Concentrated Solar Power Market by Technology Type

        • Parabolic Trough
        • Solar Power Tower
        • Linear Fresnel
        • Dish Stirling
        • Hybrid System
      • APAC Concentrated Solar Power Market by Component Type

        • Solar Collector
        • Receiver
        • Heat Transfer Fluid
        • Thermal Storage System
        • Power Block
      • APAC Concentrated Solar Power Market by Application Type

        • Electricity Generation
        • Industrial Process Heat
        • Desalination
        • Heating
        • Cooling
      • APAC Concentrated Solar Power Market by End Use Type

        • Utility Scale
        • Commercial
        • Residential
      • APAC Concentrated Solar Power Market by Regional Type

        • China
        • India
        • Japan
        • South Korea
        • Malaysia
        • Thailand
        • Indonesia
        • Rest of APAC
      • CHINA Outlook (USD Billion, 2019-2035)
      • CHINA Concentrated Solar Power Market by Technology Type

        • Parabolic Trough
        • Solar Power Tower
        • Linear Fresnel
        • Dish Stirling
        • Hybrid System
      • CHINA Concentrated Solar Power Market by Component Type

        • Solar Collector
        • Receiver
        • Heat Transfer Fluid
        • Thermal Storage System
        • Power Block
      • CHINA Concentrated Solar Power Market by Application Type

        • Electricity Generation
        • Industrial Process Heat
        • Desalination
        • Heating
        • Cooling
      • CHINA Concentrated Solar Power Market by End Use Type

        • Utility Scale
        • Commercial
        • Residential
      • INDIA Outlook (USD Billion, 2019-2035)
      • INDIA Concentrated Solar Power Market by Technology Type

        • Parabolic Trough
        • Solar Power Tower
        • Linear Fresnel
        • Dish Stirling
        • Hybrid System
      • INDIA Concentrated Solar Power Market by Component Type

        • Solar Collector
        • Receiver
        • Heat Transfer Fluid
        • Thermal Storage System
        • Power Block
      • INDIA Concentrated Solar Power Market by Application Type

        • Electricity Generation
        • Industrial Process Heat
        • Desalination
        • Heating
        • Cooling
      • INDIA Concentrated Solar Power Market by End Use Type

        • Utility Scale
        • Commercial
        • Residential
      • JAPAN Outlook (USD Billion, 2019-2035)
      • JAPAN Concentrated Solar Power Market by Technology Type

        • Parabolic Trough
        • Solar Power Tower
        • Linear Fresnel
        • Dish Stirling
        • Hybrid System
      • JAPAN Concentrated Solar Power Market by Component Type

        • Solar Collector
        • Receiver
        • Heat Transfer Fluid
        • Thermal Storage System
        • Power Block
      • JAPAN Concentrated Solar Power Market by Application Type

        • Electricity Generation
        • Industrial Process Heat
        • Desalination
        • Heating
        • Cooling
      • JAPAN Concentrated Solar Power Market by End Use Type

        • Utility Scale
        • Commercial
        • Residential
      • SOUTH KOREA Outlook (USD Billion, 2019-2035)
      • SOUTH KOREA Concentrated Solar Power Market by Technology Type

        • Parabolic Trough
        • Solar Power Tower
        • Linear Fresnel
        • Dish Stirling
        • Hybrid System
      • SOUTH KOREA Concentrated Solar Power Market by Component Type

        • Solar Collector
        • Receiver
        • Heat Transfer Fluid
        • Thermal Storage System
        • Power Block
      • SOUTH KOREA Concentrated Solar Power Market by Application Type

        • Electricity Generation
        • Industrial Process Heat
        • Desalination
        • Heating
        • Cooling
      • SOUTH KOREA Concentrated Solar Power Market by End Use Type

        • Utility Scale
        • Commercial
        • Residential
      • MALAYSIA Outlook (USD Billion, 2019-2035)
      • MALAYSIA Concentrated Solar Power Market by Technology Type

        • Parabolic Trough
        • Solar Power Tower
        • Linear Fresnel
        • Dish Stirling
        • Hybrid System
      • MALAYSIA Concentrated Solar Power Market by Component Type

        • Solar Collector
        • Receiver
        • Heat Transfer Fluid
        • Thermal Storage System
        • Power Block
      • MALAYSIA Concentrated Solar Power Market by Application Type

        • Electricity Generation
        • Industrial Process Heat
        • Desalination
        • Heating
        • Cooling
      • MALAYSIA Concentrated Solar Power Market by End Use Type

        • Utility Scale
        • Commercial
        • Residential
      • THAILAND Outlook (USD Billion, 2019-2035)
      • THAILAND Concentrated Solar Power Market by Technology Type

        • Parabolic Trough
        • Solar Power Tower
        • Linear Fresnel
        • Dish Stirling
        • Hybrid System
      • THAILAND Concentrated Solar Power Market by Component Type

        • Solar Collector
        • Receiver
        • Heat Transfer Fluid
        • Thermal Storage System
        • Power Block
      • THAILAND Concentrated Solar Power Market by Application Type

        • Electricity Generation
        • Industrial Process Heat
        • Desalination
        • Heating
        • Cooling
      • THAILAND Concentrated Solar Power Market by End Use Type

        • Utility Scale
        • Commercial
        • Residential
      • INDONESIA Outlook (USD Billion, 2019-2035)
      • INDONESIA Concentrated Solar Power Market by Technology Type

        • Parabolic Trough
        • Solar Power Tower
        • Linear Fresnel
        • Dish Stirling
        • Hybrid System
      • INDONESIA Concentrated Solar Power Market by Component Type

        • Solar Collector
        • Receiver
        • Heat Transfer Fluid
        • Thermal Storage System
        • Power Block
      • INDONESIA Concentrated Solar Power Market by Application Type

        • Electricity Generation
        • Industrial Process Heat
        • Desalination
        • Heating
        • Cooling
      • INDONESIA Concentrated Solar Power Market by End Use Type

        • Utility Scale
        • Commercial
        • Residential
      • REST OF APAC Outlook (USD Billion, 2019-2035)
      • REST OF APAC Concentrated Solar Power Market by Technology Type

        • Parabolic Trough
        • Solar Power Tower
        • Linear Fresnel
        • Dish Stirling
        • Hybrid System
      • REST OF APAC Concentrated Solar Power Market by Component Type

        • Solar Collector
        • Receiver
        • Heat Transfer Fluid
        • Thermal Storage System
        • Power Block
      • REST OF APAC Concentrated Solar Power Market by Application Type

        • Electricity Generation
        • Industrial Process Heat
        • Desalination
        • Heating
        • Cooling
      • REST OF APAC Concentrated Solar Power Market by End Use Type

        • Utility Scale
        • Commercial
        • Residential
    • South America Outlook (USD Billion, 2019-2035)

      • South America Concentrated Solar Power Market by Technology Type

        • Parabolic Trough
        • Solar Power Tower
        • Linear Fresnel
        • Dish Stirling
        • Hybrid System
      • South America Concentrated Solar Power Market by Component Type

        • Solar Collector
        • Receiver
        • Heat Transfer Fluid
        • Thermal Storage System
        • Power Block
      • South America Concentrated Solar Power Market by Application Type

        • Electricity Generation
        • Industrial Process Heat
        • Desalination
        • Heating
        • Cooling
      • South America Concentrated Solar Power Market by End Use Type

        • Utility Scale
        • Commercial
        • Residential
      • South America Concentrated Solar Power Market by Regional Type

        • Brazil
        • Mexico
        • Argentina
        • Rest of South America
      • BRAZIL Outlook (USD Billion, 2019-2035)
      • BRAZIL Concentrated Solar Power Market by Technology Type

        • Parabolic Trough
        • Solar Power Tower
        • Linear Fresnel
        • Dish Stirling
        • Hybrid System
      • BRAZIL Concentrated Solar Power Market by Component Type

        • Solar Collector
        • Receiver
        • Heat Transfer Fluid
        • Thermal Storage System
        • Power Block
      • BRAZIL Concentrated Solar Power Market by Application Type

        • Electricity Generation
        • Industrial Process Heat
        • Desalination
        • Heating
        • Cooling
      • BRAZIL Concentrated Solar Power Market by End Use Type

        • Utility Scale
        • Commercial
        • Residential
      • MEXICO Outlook (USD Billion, 2019-2035)
      • MEXICO Concentrated Solar Power Market by Technology Type

        • Parabolic Trough
        • Solar Power Tower
        • Linear Fresnel
        • Dish Stirling
        • Hybrid System
      • MEXICO Concentrated Solar Power Market by Component Type

        • Solar Collector
        • Receiver
        • Heat Transfer Fluid
        • Thermal Storage System
        • Power Block
      • MEXICO Concentrated Solar Power Market by Application Type

        • Electricity Generation
        • Industrial Process Heat
        • Desalination
        • Heating
        • Cooling
      • MEXICO Concentrated Solar Power Market by End Use Type

        • Utility Scale
        • Commercial
        • Residential
      • ARGENTINA Outlook (USD Billion, 2019-2035)
      • ARGENTINA Concentrated Solar Power Market by Technology Type

        • Parabolic Trough
        • Solar Power Tower
        • Linear Fresnel
        • Dish Stirling
        • Hybrid System
      • ARGENTINA Concentrated Solar Power Market by Component Type

        • Solar Collector
        • Receiver
        • Heat Transfer Fluid
        • Thermal Storage System
        • Power Block
      • ARGENTINA Concentrated Solar Power Market by Application Type

        • Electricity Generation
        • Industrial Process Heat
        • Desalination
        • Heating
        • Cooling
      • ARGENTINA Concentrated Solar Power Market by End Use Type

        • Utility Scale
        • Commercial
        • Residential
      • REST OF SOUTH AMERICA Outlook (USD Billion, 2019-2035)
      • REST OF SOUTH AMERICA Concentrated Solar Power Market by Technology Type

        • Parabolic Trough
        • Solar Power Tower
        • Linear Fresnel
        • Dish Stirling
        • Hybrid System
      • REST OF SOUTH AMERICA Concentrated Solar Power Market by Component Type

        • Solar Collector
        • Receiver
        • Heat Transfer Fluid
        • Thermal Storage System
        • Power Block
      • REST OF SOUTH AMERICA Concentrated Solar Power Market by Application Type

        • Electricity Generation
        • Industrial Process Heat
        • Desalination
        • Heating
        • Cooling
      • REST OF SOUTH AMERICA Concentrated Solar Power Market by End Use Type

        • Utility Scale
        • Commercial
        • Residential
    • MEA Outlook (USD Billion, 2019-2035)

      • MEA Concentrated Solar Power Market by Technology Type

        • Parabolic Trough
        • Solar Power Tower
        • Linear Fresnel
        • Dish Stirling
        • Hybrid System
      • MEA Concentrated Solar Power Market by Component Type

        • Solar Collector
        • Receiver
        • Heat Transfer Fluid
        • Thermal Storage System
        • Power Block
      • MEA Concentrated Solar Power Market by Application Type

        • Electricity Generation
        • Industrial Process Heat
        • Desalination
        • Heating
        • Cooling
      • MEA Concentrated Solar Power Market by End Use Type

        • Utility Scale
        • Commercial
        • Residential
      • MEA Concentrated Solar Power Market by Regional Type

        • GCC Countries
        • South Africa
        • Rest of MEA
      • GCC COUNTRIES Outlook (USD Billion, 2019-2035)
      • GCC COUNTRIES Concentrated Solar Power Market by Technology Type

        • Parabolic Trough
        • Solar Power Tower
        • Linear Fresnel
        • Dish Stirling
        • Hybrid System
      • GCC COUNTRIES Concentrated Solar Power Market by Component Type

        • Solar Collector
        • Receiver
        • Heat Transfer Fluid
        • Thermal Storage System
        • Power Block
      • GCC COUNTRIES Concentrated Solar Power Market by Application Type

        • Electricity Generation
        • Industrial Process Heat
        • Desalination
        • Heating
        • Cooling
      • GCC COUNTRIES Concentrated Solar Power Market by End Use Type

        • Utility Scale
        • Commercial
        • Residential
      • SOUTH AFRICA Outlook (USD Billion, 2019-2035)
      • SOUTH AFRICA Concentrated Solar Power Market by Technology Type

        • Parabolic Trough
        • Solar Power Tower
        • Linear Fresnel
        • Dish Stirling
        • Hybrid System
      • SOUTH AFRICA Concentrated Solar Power Market by Component Type

        • Solar Collector
        • Receiver
        • Heat Transfer Fluid
        • Thermal Storage System
        • Power Block
      • SOUTH AFRICA Concentrated Solar Power Market by Application Type

        • Electricity Generation
        • Industrial Process Heat
        • Desalination
        • Heating
        • Cooling
      • SOUTH AFRICA Concentrated Solar Power Market by End Use Type

        • Utility Scale
        • Commercial
        • Residential
      • REST OF MEA Outlook (USD Billion, 2019-2035)
      • REST OF MEA Concentrated Solar Power Market by Technology Type

        • Parabolic Trough
        • Solar Power Tower
        • Linear Fresnel
        • Dish Stirling
        • Hybrid System
      • REST OF MEA Concentrated Solar Power Market by Component Type

        • Solar Collector
        • Receiver
        • Heat Transfer Fluid
        • Thermal Storage System
        • Power Block
      • REST OF MEA Concentrated Solar Power Market by Application Type

        • Electricity Generation
        • Industrial Process Heat
        • Desalination
        • Heating
        • Cooling
      • REST OF MEA Concentrated Solar Power Market by End Use Type

        • Utility Scale
        • Commercial
        • Residential

     

     

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    Case Study

    Smartphone Motherboard Parts Manufacturing Research