Solar Updraft Tower Market Size

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Report ID: 4979
Published Date: Nov 24, 2025
Report Format: PDF, PPT

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Solar Updraft Tower Market Outlook:

Solar Updraft Tower Market size was over USD 22.64 billion in 2025 and is projected to reach USD 214.25 billion by 2035, growing at around 25.2% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of solar updraft tower is evaluated at USD 27.77 billion.

The rising electricity demand in the world has increased the utilization rate of solar updraft towers. The International Energy Agency (IEA) stated that global electricity demand grew by 6% in 2022 from the previous years.

A Solar Updraft Tower (SUT) is an advanced technology that produces sustainable energy using the natural convection of air heated by solar radiation. Major key players are investing hefty amounts in research and development activities to introduce more efficiency in the technology of solar updraft towers and reduce production costs. This factor is estimated to aid in attracting new opportunities for revenue generation in the upcoming years.

Browse key industry insights with market data tables & charts from the report:

Solar Updraft Tower Market Size | Growth Report 2026-2035

Frequently Asked Questions (FAQ)

In the year 2026, the industry size of solar updraft tower is evaluated at USD 27.77 billion.

The global solar updraft tower market size was worth over USD 22.64 billion in 2025 and is poised to grow at a CAGR of around 25.2%, reaching USD 214.25 billion revenue by 2035.

North America is projected to hold 35% share by 2035 in the solar updraft tower market, fueled by strong research infrastructure, technological advancements, and availability of investment funds for efficient tower development.

Key players in the market include Enviromission LimitedGreen Power EnergyHyperion Solar EnergyPivot Energy Inc.Atlantis SolarSunPower CorporationNew BrightSource, Ltd.Hanwha Q CELLS GmbHFirst Solar, Inc.Jinko Solar.