Market Overview

According to fortune business insights, the global concentrated solar power (CSP) market size was valued at USD 79.59 billion in 2025. The market is projected to grow from USD 90.37 billion in 2026 to USD 191.44 billion by 2034, exhibiting a CAGR of 9.84% during the forecast period. Middle East & Africa dominated the concentrated solar power market with a market share of 46.28% in 2025.

These insights have been deep-dived into in a recent research report, titled “Concentrated Solar Power Market, 2026-2034.”

The analysis shows that top companies are investing more in CSP because of the growing demand for renewable energy and the technology's ability to provide dispatchable power through thermal storage. For example, countries are setting ambitious green energy targets, and CSP's higher efficiency compared to other solar technologies in certain applications makes it a key solution. This trend indicates strong demand for concentrated solar power worldwide.

Major Players Profiled in the Market Report:

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

Segments

High Preference for Parabolic Trough Systems to Propel Segment Growth

Based on technology, the market is divided into parabolic trough, power tower, and linear Fresnel. The parabolic trough segment holds the largest market share and dominates the market owing to it being the most mature technology and requiring less capital investment compared to its counterparts.