Global Space-based Solar Power Market – Industry Trends and Forecast to 2032

Space-Based Solar Power involves collecting solar energy using satellites equipped with photovoltaic arrays in orbit and transmitting that energy to Earth using microwaves or laser beams. By capturing sunlight above the atmosphere and without interference from night or weather, SBSP has the potential to deliver continuous, clean electricity around the clock. This energy can be beamed to Earth via ground-based receivers where it’s converted back into usable power. SBSP holds promise for powering remote regions, enhancing grid resilience, and providing peak-load support or emergency energy for disaster-stricken areas, all while bypassing limitations of terrestrial solar.