Global
concentrated photovoltaic systems market is estimated to grow at a significant CAGR
of 11.63% over the forecast period as the scope and its applications are rising
enormously across the globe. Concentrated photovoltaic (CPV) systems, also
termed as “concentration photovoltaics”, imply technology that generates
electricity using optical light collectors. It is composed of a tracker, solar
cell and optics.
The
factors that are playing a major role in the growth of the market are the low
system cost with higher efficiency, a growing number of R&D activities, the
rising product innovation, and the rising demand from the end-users. However,
issues related to the acceptance of technology may restrain overall market
growth in the years to come. Concentrated photovoltaic systems market is segmented
based on technology, concentrated level, application, and region.
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Refractor
and reflector are the enhanced technology used that could be explored in
concentrated photovoltaic systems in the forecast period. Refractor sector
comprises luminescent concentrators and Fresnel lens. Whereas, reflector sector
comprises a parabolic mirror. The refractor sector accounted for the
significant market share of concentrated photovoltaic systems and is estimated
to continue its dominance in the years to come. The reason could be the growing
preference for Fresnel lens.
Based
on concentrated level, low concentrated photovoltaic (LCPV) and high
concentrated photovoltaic (HCPV) could classify concentrated photovoltaic
systems in the forecast period. The high concentrated photovoltaic (HCPV)
sector accounted for the substantial market share of concentrated photovoltaic
systems and is estimated to lead the overall market in the years to come. The
reason could be the rising concentration the part of the industry for better efficiency
output.
The
market could be categorized based on applications like commercial,
utility-scale, and others that could be explored in the forecast period. The
utility-scale application accounted for the substantial market share of
concentrated photovoltaic systems and is estimated to lead the overall market
in the years to come.
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Market Segment:
This report focuses on the global top
players, covered
•
Arzon Solar
•
BSQ Solar
•
Guangdong Redsolar Photovoltaic Technology
•
Magpower
•
Saint-Augustin Canada Electric
•
San'an Optoelectronics
Market segment by Regions/Countries,
this report covers
•
United States
•
Europe
•
China
•
Japan
•
Southeast Asia
•
India
Table of Contents
1
Report Overview
2
Product Type Market
3
Product Application Market
4
Manufacturers Profiles/Analysis
5
Market Performance for Manufacturers
6
Regions Market Performance for Manufacturers
7
World Market Performance Point
8
Development Trend for Regions and Countries (Sales Point)
9
Upstream Source, Technology and Cost
10
Channel Analysis
11
Consumer Analysis
12
Market Forecast
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