세계의 파라볼라 트로프 집광형 태양열 발전(CSP) 시장은 2024년 45억 8,000만 달러로 평가되었고, 예측 기간 중 CAGR 10.28%로 확대되어, 2030년에는 83억 1,000만 달러에 이를 것으로 예측되고 있습니다.
| 시장 개요 | |
|---|---|
| 예측 기간 | 2026-2030년 |
| 시장 규모 : 2024년 | 45억 8,000만 달러 |
| 시장 규모 : 2030년 | 83억 1,000만 달러 |
| CAGR : 2025-2030년 | 10.28% |
| 급성장 부문 | 2축 추적 |
| 최대 시장 | 중동 및 아프리카 |
파라볼라 트로프 집광형 태양열 발전 시장이란, 파라볼라 트로프 태양 집열기를 사용한 발전에 초점을 맞춘 산업으로, 곡면 거울의 초점선을 따라 배치된 수광관에 태양광을 집광하는 기술입니다. 이 집광된 태양 에너지는, 열전달 유체(일반적으로 합성유 또는 용융염)를 사용하여 증기를 발생시켜 발전기에 연결된 터빈을 구동합니다.
온실가스 배출감축과 지속가능한 에너지원으로의 전환이 세계적으로 중시되고 있으며, 시장은 크게 성장하고 있습니다. 파라볼라 트로프 CSP 기술의 독특한 장점은 열에너지 저장 시스템을 통합할 수 있는 점에 있으며, 흐린 날씨나 일몰 후에도 발전이 가능합니다.
탈탄소화 목표 달성을 위한 신재생에너지에 대한 세계 수요 증가
높은 설비 투자와 긴 투자 회수 기간
디스패치 능력 강화를 위한 열 에너지 저장 통합
Global Parabolic Trough Concentrated Solar Power(CSP) Market was valued at USD 4.58 billion in 2024 and is expected to reach USD 8.31 billion by 2030 with a CAGR of 10.28% during the forecast period.
| Market Overview | |
|---|---|
| Forecast Period | 2026-2030 |
| Market Size 2024 | USD 4.58 Billion |
| Market Size 2030 | USD 8.31 Billion |
| CAGR 2025-2030 | 10.28% |
| Fastest Growing Segment | Dual-Axis Tracking |
| Largest Market | Middle East and Africa |
The Parabolic Trough Concentrated Solar Power (CSP) Market refers to the industry focused on generating electricity using parabolic trough solar collectors, a technology that concentrates sunlight onto a receiver tube positioned along the focal line of a curved mirror. This concentrated solar energy heats a heat transfer fluid, typically synthetic oil or molten salt, which is then used to produce steam that drives a turbine connected to a generator. Parabolic trough systems are the most mature and widely deployed form of concentrated solar power technology, offering proven performance and scalability for utility-scale solar thermal power generation.
The market is witnessing significant growth due to the rising global emphasis on reducing greenhouse gas emissions and transitioning to sustainable energy sources. Governments across various regions are implementing supportive regulatory frameworks, including tax incentives, feed-in tariffs, and renewable energy targets, which are encouraging investments in large-scale CSP projects. The unique advantage of parabolic trough CSP technology lies in its ability to integrate thermal energy storage systems, allowing for electricity generation even during cloudy periods or after sunset. This feature addresses one of the key challenges of renewable energy-intermittency-making CSP a reliable source of dispatchable power.
Key Market Drivers
Growing Global Demand for Renewable Energy to Achieve Decarbonization Targets
The Parabolic Trough Concentrated Solar Power Market is experiencing significant growth due to the escalating global demand for renewable energy sources to meet ambitious decarbonization targets set by governments and international agreements, such as the Paris Agreement's goal to limit global warming to 1.5°C. Parabolic trough concentrated solar power systems, which use curved mirrors to focus sunlight onto a receiver tube to generate high-temperature heat for electricity production, offer a reliable and dispatchable renewable energy solution, particularly in regions with high direct normal irradiance (DNI).
The International Renewable Energy Agency (IRENA) projects that renewable energy must account for 90% of global electricity by 2050 to achieve net-zero emissions, with solar technologies, including concentrated solar power, playing a critical role. Unlike photovoltaic systems, parabolic trough concentrated solar power systems can integrate thermal energy storage (TES), typically using molten salts, to provide electricity during non-sunlight hours, enhancing grid stability and meeting peak demand.
This dispatchability makes parabolic trough systems attractive for countries like Spain, the United States, and emerging markets in the Middle East and North Africa (MENA), where solar resources are abundant. Governments are incentivizing concentrated solar power deployment through feed-in tariffs, tax credits, and renewable portfolio standards, driving market expansion. For instance, Morocco's Noor Complex, one of the world's largest concentrated solar power facilities, leverages parabolic trough technology to supply 580 MW, supporting national renewable energy goals. The push for energy security, particularly in the wake of fossil fuel price volatility and geopolitical supply chain disruptions, further accelerates the adoption of indigenous renewable technologies.
The Parabolic Trough Concentrated Solar Power Market benefits from this trend, as utilities and independent power producers invest in large-scale projects to diversify energy portfolios and reduce carbon footprints. Additionally, the technology's ability to provide hybrid solutions, integrating with fossil fuel or biomass systems, enhances its appeal in transitional energy markets. Developing nations, such as India and Chile, are emerging as key markets due to favorable solar conditions and supportive policies, creating opportunities for technology providers and project developers.
The market is further bolstered by international financing from institutions like the World Bank and the African Development Bank, which fund concentrated solar power projects to promote sustainable development. As global energy systems transition toward low-carbon solutions, the Parabolic Trough Concentrated Solar Power Market is poised for sustained growth, driven by its alignment with environmental imperatives and its unique ability to deliver reliable, dispatchable renewable energy.
By 2023, global concentrated solar power (CSP) capacity reached 6.5 gigawatts, with parabolic trough systems comprising approximately 70% of total installations. This growth has been largely driven by the rising demand for renewable energy solutions to support global decarbonization goals. Parabolic trough technology remains the dominant CSP configuration due to its proven reliability and compatibility with thermal energy storage. As countries aim to reduce carbon emissions, CSP continues to gain traction as a dispatchable and sustainable energy source.
Key Market Challenges
High Capital Expenditure and Lengthy Payback Periods
One of the most significant challenges facing the Parabolic Trough Concentrated Solar Power Market is the high capital expenditure required for project development, construction, and commissioning. Parabolic trough systems demand substantial upfront investments due to the extensive infrastructure, complex engineering, and specialized materials involved. These include solar collector assemblies, precision tracking systems, heat transfer fluids, thermal energy storage systems, and steam turbine generators. Moreover, the cost of land acquisition in high solar irradiance regions, site preparation, and interconnection with existing grid infrastructure further elevates initial expenses.
The financial viability of parabolic trough projects is often hindered by long payback periods, which can exceed 15 to 20 years depending on the scale of the project and local energy tariffs. Unlike photovoltaic solar power plants, which benefit from rapidly declining costs and modular installation, concentrated solar power projects have not experienced the same rate of cost reduction. This disparity makes them less attractive to investors, particularly in emerging markets where access to long-term financing at competitive rates remains limited.
Additionally, the complexity and duration of project execution increase the risk profile for investors. Delays due to permitting, environmental assessments, or supply chain disruptions can significantly impact project timelines and financial projections. This is particularly challenging in countries where regulatory frameworks for renewable energy are still evolving or inconsistent. Furthermore, the lack of standardized financing models and limited availability of insurance products tailored to concentrated solar power technologies compound the challenge.
While multilateral development banks and government-backed energy programs offer some financial support, private sector participation remains cautious. To overcome this obstacle, the market requires targeted policy interventions such as investment guarantees, production-based incentives, and concessional financing mechanisms. Without such support, the parabolic trough segment may continue to face challenges in achieving the scale necessary to compete with other renewable energy technologies on cost and bankability.
Key Market Trends
Integration of Thermal Energy Storage for Enhanced Dispatchability
One of the most influential trends in the Parabolic Trough Concentrated Solar Power Market is the integration of advanced thermal energy storage systems to enable reliable, dispatchable power supply. Parabolic trough systems are increasingly being paired with molten salt or synthetic oil-based thermal storage units that allow heat collected during peak sunlight hours to be stored and used to generate electricity even after sunset or during cloudy conditions. This development addresses one of the fundamental limitations of solar power-intermittency-and positions parabolic trough technology as a valuable contributor to baseload renewable electricity supply.
Thermal storage integration not only improves grid reliability but also enhances the overall economic viability of concentrated solar power projects by increasing the capacity factor and enabling operators to participate in peak-hour electricity markets where pricing is more favorable. As governments and utilities prioritize renewable energy sources that can ensure stability in the grid, dispatchable solar power has become increasingly attractive. This trend is further fueled by technological improvements in storage tank design, heat exchanger efficiency, and fluid stability, which reduce energy loss and maintenance costs.
Countries such as the United Arab Emirates, Morocco, and Spain have already deployed large-scale parabolic trough plants with storage capabilities, and several others in regions like South America, India, and North Africa are following suit. The long-duration storage capability also offers synergies with industrial process heating and hybrid systems. Moving forward, this trend will shape investment decisions and design standards in the parabolic trough segment, solidifying its role in next-generation clean energy strategies.
In this report, the Global Parabolic Trough Concentrated Solar Power(CSP) Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies present in the Global Parabolic Trough Concentrated Solar Power(CSP) Market.
Global Parabolic Trough Concentrated Solar Power(CSP) 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: