(EMAILWIRE.COM, April 02, 2019 ) 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.
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.
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According to this study, over the next five years the Concentrated Photovoltaic (CPV) market will register a 7.3% CAGR in terms of revenue, the global market size will reach US$ 970 million by 2024, from US$ 640 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Concentrated Photovoltaic (CPV) business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Concentrated Photovoltaic (CPV) market by product type, application, key manufacturers and key regions and countries.
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Arzon Solar (Amonix)
Isofoton S.A.
Magpower
Semprius Inc.
Soitec
Solar Junction
Silex
Suncore Photovoltaic
Sunpower Corporation
Zytech Solar
SolFocus
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This study considers the Concentrated Photovoltaic (CPV) value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
LCPV
HCPV
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Commercial
Utility-Scale
Others
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Table of Contents:
1 Scope of the Report
2 Executive Summary
3 Global Concentrated Photovoltaic (CPV) by Players
4 Concentrated Photovoltaic (CPV) by Regions
5 Americas
6 APAC
7 Europe
8 Middle East & Africa
9 Market Drivers, Challenges and Trends
10 Marketing, Distributors and Customer
Continued
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