Concentrator Photovoltaic (CPV) Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 –2024

Report Code: ZMR-3099 | Report Format : | Status : Upcoming |

Abstract

Global Concentrator Photovoltaic Market: Overview

Concentrator photovoltaic is a technology that produces electricity from the sun by absorbing sunlight. It uses lenses and curved mirror to focus the sunlight on to small highly efficient multi-junction (MJ) solar cell. Ongoing research and development are rapidly improving their competitiveness in utility scale. This sort of technology can be used in smaller areas. There are two types of CPV available in the market, High Concentrator Photovoltaic (HCPV) and Low Concentrator Photovoltaic (LCPV). Systems using HCPV have the potential to become competitive in the near future. HCPV is majorly preferred in hot climates.

HCPV system consists of dish reflectors or Fresnel lenses that concentrate sunlight to intensities of sun or more while LCPV systems have the lower solar concentration of 2-100 suns. LCPV is mostly used in smaller areas.

Global Concentrator Photovoltaic Market: Growth Factors

Increasing demand for this technology is anticipated to boost the demand over the coming few years. Installation of High Concentrator Photovoltaic and Low Concentrator Photovoltaic’s anticipated to expand at significant growth rates over the forecast period. China and Southeast Asia are the largest regions with CPV installed capacity. Potential consumers are expected to prefer CPV systems in the overall Solar PV market as they exhibit higher return on investment. CPV market price competitiveness and efficiency improvements are estimated to drive the global industry demand over the next few years, there are some incentives and subsidies provided by the government to accomplish the renewable energy targets. Furthermore, these subsidies are likely to prove too expensive to hold the scheme over the next two decades.

Global Concentrator Photovoltaic Market: Segmentation

Growing demand for the High Concentrator Photovoltaic (HCPV) and Low Concentrator Photovoltaic (LCPV) is high in the market. Growing demand for high efficiency and low-cost modules among manufacturers is expected to have a positive impact on the market. Governments across nations are undertaking efforts to increase the amount of electricity generated by solar energy. HCPV has higher demand as it has the intensity to absorb the sunlight at high efficiency and can generate electricity at a higher rate. Market price competitiveness and efficiency improvement are estimated to drive the global industry demand over the upcoming years. However, CPV technology is yet to gain worldwide acceptance and manufacturers are constantly engaged in developing new models with improved efficiency. The advantage of low labor cost and small rooftops are expected to boost the market growth.

Global Concentrator Photovoltaic Market: Regional Analysis

Currently, China has the largest CPV Power Plants in operation making and the Asia Pacific is the leading market globally. The Middle East and Africa region are expected to be the second fastest growing region. Furthermore, this region will also be producing a lot of profit opportunities in the forecast period. U.S and Europe also account a major share in the installed CPV capacity. CPV market in North America is expected to have highest CAGR by 2017-2025 in terms of volume. U.S and Canada are primarily driving demand for this technology.

Global Concentrator Photovoltaic Market: Competitive Players

Some of the most important companies in Global Concentrator Photovoltaic Market are Sunpower Corporation, Sunrose Photovoltaic technology Co. Ltd, Zytech Solar, Solarsystem, Solar Junction, Soitec, Semprius Inc, Ravano queen powers, Manpower, Amonix, Isofoton S.A.

Global Concentrator Photovoltaic Market: Regional Segment analysis

  • North America
    • The U.S.
  • Europe
    • The UK
    • France
    • Germany
  • The Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

Related Reports

Electric Motors Market By Type (Alternate Current Motor, Direct Current Motor, and Hermetic Motor), By Power Output (Integral HP and Fractional HP), and By Application (Industrial Machinery, Automobile, HVAC Equipment, Aerospace, Household Appliances, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2027

Apr-2019 | Price : $ 4899.00 | Pages: 338 | Report Code: ZMR-4054 | Report Format:

The report analyzes and forecasts the electric motors market on a global and regional level. The study offers historical data from 2013 to 2018 and forecast from 2019 to 2027 based on revenue (USD Million). The assessment of electric motors market dynamics gives a brief insight into the drivers an...Read More

Water Control Monitoring Market by Product Type (Dissolved Oxygen Analyzers, pH Meters, Turbidity Meters, TOC Analyzers, and Others) and by Application (Laboratories, Industrial, Residential/Commercial Buildings, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025

Apr-2019 | Price : $ 4899.00 | Pages: 110 | Report Code: ZMR-4053 | Report Format:

The report covers a forecast and an analysis of the water control monitoring market on a global and regional level. The study provides historical data from 2016 to 2018 along with a forecast from 2019 to 2025 based on revenue (USD Million). The study includes drivers and restraints of the water co...Read More

Offshore Pipeline Market by Product (Oil, Gas, and Refined Product) and by Diameter (Below 24” and Greater Than 24”): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025

Apr-2019 | Price : $ 4899.00 | Pages: 110 | Report Code: ZMR-4041 | Report Format:

The report covers a forecast and an analysis of the offshore pipeline market on a global and regional level. The study provides historical data for 2016, 2017, and 2018 along with a forecast from 2019 to 2025 based on revenue (USD Billion). The study includes drivers and restraints of the offshore...Read More

Heat Pumps Market by Type (Air-to-Air and Air-to-Water) and by Application (Residential, Commercial, and Industrial): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025

Apr-2019 | Price : $ 4899.00 | Pages: 110 | Report Code: ZMR-4034 | Report Format:

The report covers a forecast and an analysis of the heat pumps market on a global and regional level. The study provides historical data from 2016 to 2018 with a forecast from 2019 to 2025 based on both volume (Units) and revenue (USD Billion). The study covers the key drivers and restraints of th...Read More

Edible Oil Cans Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026

Price : $ 3999.00 | Report Code: ZMR-4027 | Report Format:

Global Edible Oil CansMarket: Overview Edible oil cans are usually used for household applications. Edible oil cans also provide protection against light, moisture, oxygen, and various other contaminants. Materials for edible oil cans are chosen such that it does not react with the oil filled an...Read More

Download Brochure
Why Choose Us ?

24/5 Research support

Resolved your research queries from industry expert. Request for a free research sample before report purchase.

Custom research service

Ask the Analyst to customize an exclusive study to serve your research needs.

Quality & Accuracy

Zion Market Research reports offers best quality reports based on various authentic and accurate data findings.

Customer Satisfaction

We ensure that our client's all research needs are met with customized, in-depth analysis solutions.

Information security

We never share your personal and confidential information. Your personal information is safe and secure with us.