Analysts forecast global concentrated photovoltaic systems market to grow at a CAGR of 11.63% during the period 2018-2022. Concentrated photovoltaic (CPV) is a solar photovoltaic technology that uses lenses or mirrors to focus and concentrate sunlight onto a relatively small area of a photovoltaic cell to generate electricity from sunlight.
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The CPV technology is best suited for very sunny, desert-like locations with high solar irradiation. These are similar to solar PV as both employ solar cells that convert sunlight into electricity.
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Key players in the global concentrated photovoltaic systems market: Arzon Solar, BSQ Solar, Guangdong Redsolar Photovoltaic Technology, Magpower, Saint-Augustin Canada Electric, and San’an Optoelectronics.
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One trend in the concentrated photovoltaic systems market is rising patent filings. The global concentrated photovoltaic systems market has witnessed increased expenditure by vendors on R&D activities, leading to product innovation and rise in conversion efficiency.
The increased investment in renewables worldwide, especially solar and wind, is expected drive the global concentrated photovoltaic systems market. The market is expected to witness the development of products during the forecast period.
Further, the report states that one challenge in the concentrated photovoltaic systems market is declining cost of solar PV modules. Though CPV systems offer many advantages over flat panel solar PV systems, one of the major challenges for the CPV technology is the decline in solar PV module prices.
This has caused many CPV manufacturing companies to enter bankruptcy, or be acquired by larger firms, or shift to manufacturing of solar PV modules. This has made the solar PV market regain focus.
Table of Contents
PART 01: Executive Summary
PART 02: Scope of The Report
PART 03: Research Methodology
PART 04: Market Landscape
Market Segmentation Analysis
PART 05: Market Sizing
Market Sizing 2017
Market Size and Forecast 2017-2022
PART 06: Five Forces Analysis
Bargaining Power of Buyers
Bargaining Power of Suppliers
Threat of New Entrants
Threat of Substitutes
Threat of Rivalry
PART 07: Market Segmentation by Technology
Segmentation by Technology
Comparison by Technology
Hcpv Market Size and Forecast 2017-2022
Lcpv Market Size and Forecast 2017-2022
Market Opportunity by Technology
PART 08: Customer Landscape
PART 09: Regional Landscape
Apac Market Size and Forecast 2017-2022
Emea Market Size and Forecast 2017-2022
Americas Market Size and Forecast 2017-2022
Key Leading Countries
PART 10: Decision Framework
PART 11: Drivers and Challenges
PART 12: Market Trends
Rising Patent Filings
Hybrid Cpv Systems
PART 13: Vendor Landscape
PART 14: Vendor Analysis
Market Positioning of Vendors
Guangdong Redsolar Photovoltaic Technology
Saint-Augustin Canada Electric
PART 15: Appendix
List of Abbreviations