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Space-Based Solar Power Market Size, Trends & Forecasts | Valuates Reports
Space-Based Solar Power Market SizeThe global market for Space-Based Solar Power was valued at US$ 115 million in the year 2024 and is projected to reach a revised size of US$ 330 million by 2031, growing at a CAGR of 16.5% during the forecast period.
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Space-based solar power (SBSP, SSP) is the concept of collecting solar power in outer space by solar power satellites (SPS) and distributing it to Earth.
Global key players of Space-Based Solar Power include China Aerospace Science and Technology, Naval Research Laboratory, etc. China is one of the largest markets of Space-Based Solar Power. In terms of product, the Energy Harvesting Facility hold share of 50%.
By Type
• Energy Harvesting Facility
• Energy Conversion Facility
• Energy Transmission Facility
By Application
• Aerospace
• Clean Energy
Key Companies
Northrop Grumman, China Aerospace Science and Technology, Airbus, Naval Research Laboratory, Mitsubishi Electric
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