Top Concentrated Solar Power Companies

Concentrated Solar Power Market size was valued at USD 9.65 Billion in 2024 and is poised to grow from USD 11.08 Billion in 2025 to USD 33.44 Billion by 2033, growing at a CAGR of 14.8% during the forecast period (2026–2033).

Leading market players are investing heavily in research and development to expand their product lines, which will help the Concentrating Solar Power 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. The concentrated solar power industry must offer cost-effective items to expand and survive in a more competitive and rising market climate. Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Concentrating Solar Power industry to benefit clients and increase the market sector. 'BrightSource Energy, Inc. (USA)', 'ACWA Power (Saudi Arabia) ', 'Atlantica Yield plc (UK) ', 'SolarReserve, LLC (USA) ', 'TSK Flagsol Engineering GmbH (Germany) ', 'Acciona, S.A. (Spain) ', 'Aalborg CSP A/S (Denmark) ', 'Siemens AG (Germany) ', 'Schott AG (Germany) ', 'Enel Green Power S.p.A. (Italy) ', 'SENER Grupo de Ingeniería, S.A. (Spain) ', 'eSolar, Inc. (USA) ', 'NextEra Energy Resources, LLC (USA) ', 'Cobra Energia (Spain) ', 'Shams Power Company (UAE) ', 'Solar Millennium AG (Germany) ', 'Areva Solar (France) ', 'Lointek (Spain) ', 'Alsolen (France)'

Many governments set ambitious renewable energy targets as part of their climate action plans. These targets often include a specific share of solar energy, which can create a demand for concentrated solar power projects and incentivize investments in technology. Governments are offering attractive feed-in tariffs or provide long-term power purchase agreements with guaranteed electricity prices for concentrated solar power projects developers.  

Increasing Focus on Implementing Sustainable Goals: Formed by the United Nations, Sustainable Development Goals (SDGs) emphasize the need to transition to clean and sustainable energy sources to combat climate change and reduce environmental impacts. Concentrated solar power, as a renewable energy technology, offers a viable solution for producing electricity without greenhouse gas emissions, making it an attractive option for countries seeking to meet their clean energy targets.

North America is dominating with the largest concentrated solar power market share. North America is dominating in the concentrated solar power market because of the significant investments in renewable energy infrastructure and supportive government policies. The region's emphasis on reducing greenhouse gas emissions and transitioning to sustainable energy sources has facilitated the expansion of CSP projects. Technological advancements and the presence of major industry players further strengthen the market is also witnessing competitive edge, enabling it to capture a substantial share of the global industry. The U.S. concentrated solar power market held a leading position in 2024, fueled by federal and state-level incentives to promote renewable energy. Key initiatives, such as tax credits and grants, have encouraged investment in CSP technologies, leading to the development of large-scale solar plants.