Product Code: 29693
The Global Concentrating Solar Collectors Market was valued at USD 3.46 Billion in 2024 and is projected to reach USD 6.47 Billion by 2030, growing at a CAGR of 10.84% during the forecast period. Concentrating solar collectors are advanced systems that utilize mirrors or lenses to focus sunlight onto a targeted area, generating high-temperature heat for electricity production or industrial processes. Widely used in utility-scale solar thermal power plants, these technologies are also gaining ground in applications like enhanced oil recovery, large-scale heating, and water desalination. Key collector types include parabolic troughs, Fresnel reflectors, dish Stirling systems, and solar towers-each tailored to specific operating conditions and geographic requirements.
Market Overview |
Forecast Period | 2026-2030 |
Market Size 2024 | USD 3.46 Billion |
Market Size 2030 | USD 6.47 Billion |
CAGR 2025-2030 | 10.84% |
Fastest Growing Segment | Concentrating Photovoltaics (CPV) |
Largest Market | Middle East and Africa |
The market is set to grow rapidly due to the escalating global demand for clean energy and the push for carbon neutrality. Government incentives, renewable energy targets, and declining component costs are creating a favorable environment for investment in concentrating solar technologies. Advances in system design, thermal storage integration, and cost optimization are further enhancing the viability and scalability of these systems across both developed and emerging economies.
Key Market Drivers
Growing Global Demand for Renewable Energy
The accelerating global shift toward renewable energy is a major force driving growth in the Concentrating Solar Collectors Market. Countries are actively pursuing carbon reduction goals under international frameworks such as the Paris Agreement, and concentrating solar power (CSP) systems offer a dependable renewable option capable of providing utility-scale electricity and thermal energy. These systems are especially effective in sun-rich regions, where they can deliver consistent energy output.
Unlike photovoltaic systems that depend solely on sunlight availability, CSP systems equipped with thermal storage can generate electricity even after sunset. This makes them valuable assets for grid stabilization and managing peak demand. As urbanization and industrialization continue to fuel global energy consumption, CSP systems are emerging as critical tools for diversifying energy portfolios while meeting decarbonization targets.
Key Market Challenges
High Capital Investment and Long Payback Period
A significant obstacle to the broader adoption of concentrating solar collectors is the high upfront cost associated with their development and installation. Compared to photovoltaic installations, CSP technologies require more complex infrastructure-including precision tracking systems, thermal storage components, and large land areas-resulting in higher capital expenditures.
In addition to elevated costs, CSP systems often demand specialized engineering solutions and materials capable of withstanding high temperatures. Although these systems offer long-term benefits such as dispatchable energy and reduced fossil fuel reliance, the long payback period can deter investors, particularly in regions with limited access to financing or government support. This financial barrier limits market penetration in emerging markets and raises concerns over return on investment.
Key Market Trends
Integration of Thermal Energy Storage for Dispatchable Power Supply
An emerging trend within the concentrating solar collectors market is the increasing use of thermal energy storage to enable dispatchable, round-the-clock power supply. Technologies such as molten salt storage allow CSP systems to store heat collected during the day and release it as needed, offering a solution to the intermittency issues commonly associated with renewables.
This capability is gaining traction among utilities and grid operators seeking to replace peaker plants and enhance grid reliability. By allowing CSP plants to deliver electricity on demand, these storage solutions are positioning concentrating solar collectors as a crucial part of future energy systems. This trend supports the broader transition to sustainable energy, especially in regions with high solar irradiance and ambitious clean energy targets.
Key Market Players
- Abengoa Solar
- BrightSource Energy
- Aalborg CSP
- ACWA Power
- SENER Group
- GlassPoint Solar
- TSK Flagsol Engineering GmbH
- SolarReserve
- SCHOTT Solar AG
- Rackam
Report Scope:
In this report, the Global Concentrating Solar Collectors Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Concentrating Solar Collectors Market, By Type:
- Parabolic Trough
- Fresnel Reflector
- Dish Stirling
- Solar Tower
Concentrating Solar Collectors Market, By Technology:
- Concentrating Solar Power (CSP)
- Concentrating Photovoltaics (CPV)
Concentrating Solar Collectors Market, By End-Use Industry:
- Residential
- Commercial
- Industrial
Concentrating Solar Collectors Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- South America
- Brazil
- Argentina
- Colombia
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Concentrating Solar Collectors Market.
Available Customizations:
Global Concentrating Solar Collectors Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
Table of Contents
1. Product Overview
- 1.1. Market Definition
- 1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations
2. Research Methodology
- 2.1. Objective of the Study
- 2.2. Baseline Methodology
- 2.3. Key Industry Partners
- 2.4. Major Association and Secondary Sources
- 2.5. Forecasting Methodology
- 2.6. Data Triangulation & Validation
- 2.7. Assumptions and Limitations
3. Executive Summary
- 3.1. Overview of the Market
- 3.2. Overview of Key Market Segmentations
- 3.3. Overview of Key Market Players
- 3.4. Overview of Key Regions/Countries
- 3.5. Overview of Market Drivers, Challenges, and Trends
4. Voice of Customer
5. Global Concentrating Solar Collectors Market Outlook
- 5.1. Market Size & Forecast
- 5.2. Market Share & Forecast
- 5.2.1. By Type (Parabolic Trough, Fresnel Reflector, Dish Stirling, Solar Tower)
- 5.2.2. By Technology (Concentrating Solar Power (CSP), Concentrating Photovoltaics (CPV))
- 5.2.3. By End-Use Industry (Residential, Commercial, Industrial)
- 5.2.4. By Region (North America, Europe, South America, Middle East & Africa, Asia Pacific)
- 5.3. By Company (2024)
- 5.4. Market Map
6. North America Concentrating Solar Collectors Market Outlook
- 6.1. Market Size & Forecast
- 6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By Technology
- 6.2.3. By End-Use Industry
- 6.2.4. By Country
- 6.3. North America: Country Analysis
- 6.3.1. United States Concentrating Solar Collectors Market Outlook
- 6.3.1.1. Market Size & Forecast
- 6.3.1.2. Market Share & Forecast
- 6.3.1.2.1. By Type
- 6.3.1.2.2. By Technology
- 6.3.1.2.3. By End-Use Industry
- 6.3.2. Canada Concentrating Solar Collectors Market Outlook
- 6.3.2.1. Market Size & Forecast
- 6.3.2.2. Market Share & Forecast
- 6.3.2.2.1. By Type
- 6.3.2.2.2. By Technology
- 6.3.2.2.3. By End-Use Industry
- 6.3.3. Mexico Concentrating Solar Collectors Market Outlook
- 6.3.3.1. Market Size & Forecast
- 6.3.3.2. Market Share & Forecast
- 6.3.3.2.1. By Type
- 6.3.3.2.2. By Technology
- 6.3.3.2.3. By End-Use Industry
7. Europe Concentrating Solar Collectors Market Outlook
- 7.1. Market Size & Forecast
- 7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Technology
- 7.2.3. By End-Use Industry
- 7.2.4. By Country
- 7.3. Europe: Country Analysis
- 7.3.1. Germany Concentrating Solar Collectors Market Outlook
- 7.3.1.1. Market Size & Forecast
- 7.3.1.2. Market Share & Forecast
- 7.3.1.2.1. By Type
- 7.3.1.2.2. By Technology
- 7.3.1.2.3. By End-Use Industry
- 7.3.2. France Concentrating Solar Collectors Market Outlook
- 7.3.2.1. Market Size & Forecast
- 7.3.2.2. Market Share & Forecast
- 7.3.2.2.1. By Type
- 7.3.2.2.2. By Technology
- 7.3.2.2.3. By End-Use Industry
- 7.3.3. United Kingdom Concentrating Solar Collectors Market Outlook
- 7.3.3.1. Market Size & Forecast
- 7.3.3.2. Market Share & Forecast
- 7.3.3.2.1. By Type
- 7.3.3.2.2. By Technology
- 7.3.3.2.3. By End-Use Industry
- 7.3.4. Italy Concentrating Solar Collectors Market Outlook
- 7.3.4.1. Market Size & Forecast
- 7.3.4.2. Market Share & Forecast
- 7.3.4.2.1. By Type
- 7.3.4.2.2. By Technology
- 7.3.4.2.3. By End-Use Industry
- 7.3.5. Spain Concentrating Solar Collectors Market Outlook
- 7.3.5.1. Market Size & Forecast
- 7.3.5.2. Market Share & Forecast
- 7.3.5.2.1. By Type
- 7.3.5.2.2. By Technology
- 7.3.5.2.3. By End-Use Industry
8. Asia Pacific Concentrating Solar Collectors Market Outlook
- 8.1. Market Size & Forecast
- 8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Technology
- 8.2.3. By End-Use Industry
- 8.2.4. By Country
- 8.3. Asia Pacific: Country Analysis
- 8.3.1. China Concentrating Solar Collectors Market Outlook
- 8.3.1.1. Market Size & Forecast
- 8.3.1.2. Market Share & Forecast
- 8.3.1.2.1. By Type
- 8.3.1.2.2. By Technology
- 8.3.1.2.3. By End-Use Industry
- 8.3.2. India Concentrating Solar Collectors Market Outlook
- 8.3.2.1. Market Size & Forecast
- 8.3.2.2. Market Share & Forecast
- 8.3.2.2.1. By Type
- 8.3.2.2.2. By Technology
- 8.3.2.2.3. By End-Use Industry
- 8.3.3. Japan Concentrating Solar Collectors Market Outlook
- 8.3.3.1. Market Size & Forecast
- 8.3.3.2. Market Share & Forecast
- 8.3.3.2.1. By Type
- 8.3.3.2.2. By Technology
- 8.3.3.2.3. By End-Use Industry
- 8.3.4. South Korea Concentrating Solar Collectors Market Outlook
- 8.3.4.1. Market Size & Forecast
- 8.3.4.2. Market Share & Forecast
- 8.3.4.2.1. By Type
- 8.3.4.2.2. By Technology
- 8.3.4.2.3. By End-Use Industry
- 8.3.5. Australia Concentrating Solar Collectors Market Outlook
- 8.3.5.1. Market Size & Forecast
- 8.3.5.2. Market Share & Forecast
- 8.3.5.2.1. By Type
- 8.3.5.2.2. By Technology
- 8.3.5.2.3. By End-Use Industry
9. Middle East & Africa Concentrating Solar Collectors Market Outlook
- 9.1. Market Size & Forecast
- 9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By Technology
- 9.2.3. By End-Use Industry
- 9.2.4. By Country
- 9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia Concentrating Solar Collectors Market Outlook
- 9.3.1.1. Market Size & Forecast
- 9.3.1.2. Market Share & Forecast
- 9.3.1.2.1. By Type
- 9.3.1.2.2. By Technology
- 9.3.1.2.3. By End-Use Industry
- 9.3.2. UAE Concentrating Solar Collectors Market Outlook
- 9.3.2.1. Market Size & Forecast
- 9.3.2.2. Market Share & Forecast
- 9.3.2.2.1. By Type
- 9.3.2.2.2. By Technology
- 9.3.2.2.3. By End-Use Industry
- 9.3.3. South Africa Concentrating Solar Collectors Market Outlook
- 9.3.3.1. Market Size & Forecast
- 9.3.3.2. Market Share & Forecast
- 9.3.3.2.1. By Type
- 9.3.3.2.2. By Technology
- 9.3.3.2.3. By End-Use Industry
10. South America Concentrating Solar Collectors Market Outlook
- 10.1. Market Size & Forecast
- 10.2. Market Share & Forecast
- 10.2.1. By Type
- 10.2.2. By Technology
- 10.2.3. By End-Use Industry
- 10.2.4. By Country
- 10.3. South America: Country Analysis
- 10.3.1. Brazil Concentrating Solar Collectors Market Outlook
- 10.3.1.1. Market Size & Forecast
- 10.3.1.2. Market Share & Forecast
- 10.3.1.2.1. By Type
- 10.3.1.2.2. By Technology
- 10.3.1.2.3. By End-Use Industry
- 10.3.2. Colombia Concentrating Solar Collectors Market Outlook
- 10.3.2.1. Market Size & Forecast
- 10.3.2.2. Market Share & Forecast
- 10.3.2.2.1. By Type
- 10.3.2.2.2. By Technology
- 10.3.2.2.3. By End-Use Industry
- 10.3.3. Argentina Concentrating Solar Collectors Market Outlook
- 10.3.3.1. Market Size & Forecast
- 10.3.3.2. Market Share & Forecast
- 10.3.3.2.1. By Type
- 10.3.3.2.2. By Technology
- 10.3.3.2.3. By End-Use Industry
11. Market Dynamics
- 11.1. Drivers
- 11.2. Challenges
12. Market Trends and Developments
- 12.1. Merger & Acquisition (If Any)
- 12.2. Product Launches (If Any)
- 12.3. Recent Developments
13. Company Profiles
- 13.1. Abengoa Solar
- 13.1.1. Business Overview
- 13.1.2. Key Revenue and Financials
- 13.1.3. Recent Developments
- 13.1.4. Key Personnel
- 13.1.5. Key Product/Services Offered
- 13.2. BrightSource Energy
- 13.3. Aalborg CSP
- 13.4. ACWA Power
- 13.5. SENER Group
- 13.6. GlassPoint Solar
- 13.7. TSK Flagsol Engineering GmbH
- 13.8. SolarReserve
- 13.9. SCHOTT Solar AG
- 13.10. Rackam
14. Strategic Recommendations
15. About Us & Disclaimer