The new edge Concentrated Tech.

A Concentrator Photovoltaic Market (CPV) system transforms light energy into electrical energy in the similar way the conventional photovoltaic technology does.

This phenomenon vitalizes the intensity of the incident sunlight reaching the PV cells, which in turn, increase the amount of the power the cells can generate.

In 2015, a new world record was set for global investment in renewable energy with a total investment of USD 285.9 billion, Soitec demonstrated a CPV module efficiency of 38.9 % at Concentrator Standard Test Conditions (CSTC), and efficiencies of commercially available CPV modules exceed 30%.

Key Players –

·        Radical Sun Systems, Inc. (U.S.)

·        SolAero Technologies Corp. (U.S.)

·        Arzon Solar LLC. (U.S.)

·        Cool Earth Solar (U.S.)

·        Morgan Solar Inc. (Canada)

·        ARIMA Group (Taiwan)

·        Suncore Photovoltaic Technology Company Limited (China)

·        Guangdong Redsolar Photovoltaic Technology Co. Ltd (China)

Target Audience -

- Manufactures
- Raw materials suppliers
- Aftermarket suppliers
- Research Institute & education institute
- Potential investors
- Key executive (CEO and COO) and strategy growth manager

Key Findings

• Global concentrator photovoltaic (CPV) market is expected to reach USD 2,710.6 million by 2023

• By type, high concentrated photovoltaic (HCPV) segment dominated CPV market with 93.14% of share in 2016, in terms of value. It is expected to show the highest growth at a CAGR of 11.63% during the forecast period

• By application, utility segment accounted for the market value of USD 868.8 million in 2016 and is projected to grow at a CAGR of 11.70% during the forecast period

• Geographically, Asia Pacific is projected to hold the largest share of the global concentrator photovoltaic (CPV) market with a share of 52.55%.

The reports also cover country-level analysis:

• Americas
U.S.
Mexico
Rest of Americas

• Europe
Spain
Italy
France
Portugal
Rest of Europe
Asia Pacific

• Middle East & Africa
Middle East
Africa

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