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

Request Brochure Request Discount

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

Liquefied Petroleum Gas (LPG) Market by Source (Refinery, Associated Gas, and Non-Associated Gas), by End-User (Residential/Commercial, Petrochemical and Refinery, Industrial, and Transportation): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017- 2024

Aug-2018 | Price : $ 4899.00 | Pages: 110 | Report Code: ZMR-3272 | Report Format:

The report covers forecast and analysis for the liquefied petroleum gas market on a global and regional level. The study provides historical data from 2016 to 2017 along with a forecast from 2018 to 2024 based on revenue (USD Billion). The study includes drivers and restraints for the liquefied pe...Read More

Generator Market by Fuel Type (Gasoline, Diesel, LPG, Natural Gas, and Others); by Power Rating (Up to 5 KVA, 5 to 10 KVA, 10 to 15 KVA, and 15 to 20 KVA); by Generator Type (Portable and Stationary); and by End-user (Industrial, Telecom, Residential, and Commercial): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2024

Aug-2018 | Price : $ 4899.00 | Pages: 130 | Report Code: ZMR-3264 | Report Format:

The report covers forecast and analysis for the generator market on a global and regional level and country level. The study provides historical data from 2015 to 2017 along with a forecast from 2018 to 2024 based on both volume (Units) and revenue (USD billion). The study includes drivers and res...Read More

Petroleum Coke Market by Product (Calcined Coke and Fuel Grade Coke), and by End-User (Calcining, Power Plants, Cement Kilns, and Blast Furnace): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2024

Aug-2018 | Price : $ 4899.00 | Pages: 110 | Report Code: ZMR-3258 | Report Format:

The report covers forecast and analysis for the petroleum coke market on a global and regional level. The study provides historical data from 2015 to 2017 along with a forecast from 2018 to 2024 based on revenue (USD Billion). The study includes drivers and restraints for the petroleum coke market...Read More

Thermal Energy Storage Market by Technology (Sensible Heat Storage, Latent Heat Storage, and Thermo-chemical Storage), by Storage Material (Water, Molten Salt, Phase Change Material (PCM), and Others), and by End-Users (Commercial and Industrial, Utilities, and Residential): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2024

Aug-2018 | Price : $ 4899.00 | Pages: 110 | Report Code: ZMR-3254 | Report Format:

The report covers forecast and analysis for the thermal energy storage (TES) market on a global and regional level. The study provides historical data from 2015 to 2017 along with a forecast from 2018 to 2024 based on revenue (USD Billion). The study includes drivers and restraints for the thermal...Read More

LNG Bunkering Market by Vessel (Tankers, Container Ships, Bulk & General Cargo Vessels, and Ferries & Offshore Support Vessels), by Product Type (Portable Tanks, Ship-to-Ship, Port-to-Ship, and Truck-to-Ship): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2024

Aug-2018 | Price : $ 4899.00 | Pages: 110 | Report Code: ZMR-3253 | Report Format:

The report covers forecast and analysis for the LNG bunkering market on a global and regional level. The study provides historical data from 2015 to 2017 along with a forecast from 2018 to 2024 based on revenue (USD Million). The study includes drivers and restraints for the LNG bunkering market a...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.