The global space-based solar power market size reached roughly 524 million U.S. dollars in 2023 and is expected to surpass one billion U.S. dollars by 2031. Electricity generation is expected to account for the largest share of the market, with roughly 80 percent of the market value in that last year. Space-based solar explores the possibility of collecting solar power through solar panels installed on space satellites.
More information about the global space-based solar market can be found here.
Market size of the space-based solar power market worldwide from 2021 to 2023, with a forecast until 2031, by application
(in million U.S. dollars)
Characteristic
Microwave transmitting solar satelite
Laser transmitting solar satelite
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Extrapolate. (March 6, 2024). Market size of the space-based solar power market worldwide from 2021 to 2023, with a forecast until 2031, by application (in million U.S. dollars) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1455975/global-space-based-solar-power-market-size-by-application-forecast/
Extrapolate. "Market size of the space-based solar power market worldwide from 2021 to 2023, with a forecast until 2031, by application (in million U.S. dollars)." Chart. March 6, 2024. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1455975/global-space-based-solar-power-market-size-by-application-forecast/
Extrapolate. (2024). Market size of the space-based solar power market worldwide from 2021 to 2023, with a forecast until 2031, by application (in million U.S. dollars). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1455975/global-space-based-solar-power-market-size-by-application-forecast/
Extrapolate. "Market Size of The Space-based Solar Power Market Worldwide from 2021 to 2023, with a Forecast until 2031, by Application (in Million U.S. Dollars)." Statista, Statista Inc., 6 Mar 2024, https://www.statista.com/statistics/1455975/global-space-based-solar-power-market-size-by-application-forecast/
Extrapolate, Market size of the space-based solar power market worldwide from 2021 to 2023, with a forecast until 2031, by application (in million U.S. dollars) Statista, https://www.statista.com/statistics/1455975/global-space-based-solar-power-market-size-by-application-forecast/ (last visited July 22, 2024)
Market size of the space-based solar power market worldwide from 2021 to 2023, with a forecast until 2031, by application (in million U.S. dollars) [Graph], Extrapolate, March 6, 2024. [Online]. Available: https://www.statista.com/statistics/1455975/global-space-based-solar-power-market-size-by-application-forecast/