Global Concentrated Photovoltaic (CPV) Market Latest Trends and Forecast Analysis Up to 2024
Concentrated Photovoltaic (CPV) is a photovoltaic technology that generates electricity from sunlight. Contrary to conventional photovoltaic systems, it uses lenses and curved mirrors to focus sunlight onto small, but highly efficient, multi-junction (MJ) solar cells. In addition, CPV systems often use solar trackers and sometimes a cooling system to further increase their efficiency. Ongoing research and development is rapidly improving their competitiveness in the utility-scale segment and in areas of high insolation. This sort of solar technology can be thus used in smaller areas.
Scope of the Report:
Owing to the cost of solar cells steadily are declining, Concentrated Photovoltaic (CPV) is facing great crisis. Because the industry is still in the leading stage of technology, a project need to raise a lot of money, what is more, industry gross margin is smaller. So, after 2013, there are large enterprises choose to close, exit, transfer business from Concentrated Photovoltaic (CPV). However, these players still keeps a very positive wait-and-see attitude towards Concentrated Photovoltaic (CPV).
By comparing the IHS statistics CPV installation data, as well as interviews with the industry experts, we think that there will be a phase of outbreak of growth in Central America, Africa, India, Southeast Asia, etc. in the next few years.
The worldwide market for Concentrated Photovoltaic (CPV) is expected to grow at a CAGR of roughly 7.3% over the next five years, will reach 970 million US$ in 2024, from 640 million US$ in 2019, according to a new Big market research study.
This report focuses on the Concentrated Photovoltaic (CPV) in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Market Segment by Manufacturers, this report covers- Arzon Solar (Amonix), Isofoton S.A., Magpower, Semprius Inc., Soitec, Solar Junction, Silex, Suncore Photovoltaic, Sunpower Corporation, Zytech Solar and SolFocus
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Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
Market Segment by Applications, can be divided into
Market Following Details Segment by Table of Contents:
1 Concentrated Photovoltaic (CPV) Market Overview
2 Manufacturers Profiles
3 Global Concentrated Photovoltaic (CPV) Market Competition, by Players
4 Global Concentrated Photovoltaic (CPV) Market Size by Regions
5 North America Concentrated Photovoltaic (CPV) Revenue by Countries
6 Europe Concentrated Photovoltaic (CPV) Revenue by Countries
7 Asia-Pacific Concentrated Photovoltaic (CPV) Revenue by Countries
8 South America Concentrated Photovoltaic (CPV) Revenue by Countries
9 Middle East and Africa Revenue Concentrated Photovoltaic (CPV) by Countries
10 Global Concentrated Photovoltaic (CPV) Market Segment by Type
11 Global Concentrated Photovoltaic (CPV) Market Segment by Application
12 Global Concentrated Photovoltaic (CPV) Market Size Forecast (2019-2024)
13 Sales Channel, Distributors, Traders and Dealers
14 Research Findings and Conclusion
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