Market Overview:
The global concentrated photovoltaic systems market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for clean and renewable energy sources across the globe. In addition, government initiatives and regulations supporting the deployment of solar energy are also contributing to the growth of this market. The global concentrated photovoltaic systems market is segmented on the basis of type, application, and region. On the basis of type, it is divided into high concentration photovoltaic (HCPV) and low concentration photovoltaic (LCPV). HCPV systems are more efficient than LCPV systems; however, LCPV systems are cheaper in terms of installation cost. On the basis of application, it is classified into residential sector, industrial sector, and others. The residential sector held a major share in 2017 owing to rising awareness about solar energy among consumers coupled with government incentives for installing rooftop solar PV panels in residential buildings.
Product Definition:
Concentrated photovoltaic systems (CPV) are a type of solar power system that uses optics to concentrate sunlight onto small, high-efficiency solar cells. The concentrated sunlight can be up to 500 times more intense than the sun’s normal intensity. CPV systems have the potential to achieve significantly higher efficiencies than traditional PV systems.
The importance of concentrated photovoltaic systems is that they have the potential to achieve significantly higher efficiencies than traditional PV systems, making them a viable option for large-scale electricity generation.
High Concentrated Photovoltaic (HCPV):
High Concentrated Photovoltaic (HCPV) is a new technology that aims at producing electricity by using the sun's energy in an efficient manner. HCPV uses lenses to concentrate sunlight on a small area which is then converted into electricity. The process requires less land, labor and raw materials as compared to other PV technologies and has higher efficiency levels.
Low Concentrated Photovoltaic (LCPV):
Low concentrated photovoltaic (LCPV) is a new technology that uses lenses to concentrate sunlight on the solar cell. The main advantage of LCPV over other technologies is that it can provide high power in a small space with less land and lower installation costs.
The U.S Department of Energy estimates that more than 40% of the installed capacity in 2012 was located on or near the coast, which indicates potential for offshore installations in future as well.
Application Insights:
The residential sector accounted for the largest share of more than 50.0% in 2017 and is expected to continue its dominance over the forecast period. The growing need for electricity in countries, such as India and China on account of rapid industrialization and urbanization is expected to drive demand over the forecast period.
The other applications segment includes non-residential sectors, such as utility scale generation, small scale commercial production units or large scale commercial production units with multiple sites. Utility-scale concentrated photovoltaic power plants are designed to generate power for tens of thousands or even hundreds of thousands of consumers across several states or nations.
Regional Analysis:
Europe dominated the global market in 2017, with a revenue share of over 30%. This is attributed to large-scale adoption of solar energy in countries, such as Germany and Italy. The presence of favorable government policies and incentives has contributed to the growth. For instance, under the Renewable Energy Directive (RED), member states are bound to achieve 20% renewable energy consumption by 2020. In addition, according to IEA Solarlex 2018; Photovoltaic & concentrated solar power: Emerging technologies for a low carbon economy; Concentrated photovoltaics (CPV) have witnessed significant growth since 2010 and accounted for around 2% of Europe’s installed electricity capacity in 2016.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization in developing countries
- Government policies and regulations supporting the use of renewable energy sources
- Reduction in the cost of concentrated photovoltaic systems due to technological advancements
- Growing awareness about the benefits of concentrated photovoltaic systems among consumers and businesses
- Increased investment in research and development for concentrated photovoltaic systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Concentrated Photovoltaic Systems Market Research Report
By Type
High Concentrated Photovoltaic (HCPV), Low Concentrated Photovoltaic (LCPV)
By Application
Residential Sector, Industrial Sector, Others
By Companies
Arzon Solar, BSQ Solar, Guangdong Redsolar Photovoltaic Technology, Magpower, Saint-Augustin Canada Electric, San'an Optoelectronics Co., Ltd, Arzon Solar
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Concentrated Photovoltaic Systems Market Report Segments:
The global Concentrated Photovoltaic Systems market is segmented on the basis of:
Types
High Concentrated Photovoltaic (HCPV), Low Concentrated Photovoltaic (LCPV)
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential Sector, Industrial Sector, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Arzon Solar
- BSQ Solar
- Guangdong Redsolar Photovoltaic Technology
- Magpower
- Saint-Augustin Canada Electric
- San'an Optoelectronics Co., Ltd
- Arzon Solar
Highlights of The Concentrated Photovoltaic Systems Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- High Concentrated Photovoltaic (HCPV)
- Low Concentrated Photovoltaic (LCPV)
- By Application:
- Residential Sector
- Industrial Sector
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Concentrated Photovoltaic Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Concentrated photovoltaic systems (CPV) are a type of solar energy system that uses large arrays of solar cells to convert sunlight into electricity. CPV systems can be mounted on roofs or other large surfaces to generate power directly, or they can be integrated into larger power plants that produce electricity for distribution.
Some of the major companies in the concentrated photovoltaic systems market are Arzon Solar, BSQ Solar, Guangdong Redsolar Photovoltaic Technology, Magpower, Saint-Augustin Canada Electric, San'an Optoelectronics Co., Ltd, Arzon Solar.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Concentrated Photovoltaic Systems Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Concentrated Photovoltaic Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Concentrated Photovoltaic Systems Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Concentrated Photovoltaic Systems Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Concentrated Photovoltaic Systems Market Size & Forecast, 2020-2028
4.5.1 Concentrated Photovoltaic Systems Market Size and Y-o-Y Growth
4.5.2 Concentrated Photovoltaic Systems Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 High Concentrated Photovoltaic (HCPV)
5.2.2 Low Concentrated Photovoltaic (LCPV)
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Residential Sector
6.2.2 Industrial Sector
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Concentrated Photovoltaic Systems Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Concentrated Photovoltaic Systems Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 High Concentrated Photovoltaic (HCPV)
9.6.2 Low Concentrated Photovoltaic (LCPV)
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Residential Sector
9.10.2 Industrial Sector
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 High Concentrated Photovoltaic (HCPV)
10.6.2 Low Concentrated Photovoltaic (LCPV)
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Residential Sector
10.10.2 Industrial Sector
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 High Concentrated Photovoltaic (HCPV)
11.6.2 Low Concentrated Photovoltaic (LCPV)
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Residential Sector
11.10.2 Industrial Sector
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 High Concentrated Photovoltaic (HCPV)
12.6.2 Low Concentrated Photovoltaic (LCPV)
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Residential Sector
12.10.2 Industrial Sector
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 High Concentrated Photovoltaic (HCPV)
13.6.2 Low Concentrated Photovoltaic (LCPV)
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Residential Sector
13.10.2 Industrial Sector
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Concentrated Photovoltaic Systems Market: Competitive Dashboard
14.2 Global Concentrated Photovoltaic Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Arzon Solar
14.3.2 BSQ Solar
14.3.3 Guangdong Redsolar Photovoltaic Technology
14.3.4 Magpower
14.3.5 Saint-Augustin Canada Electric
14.3.6 San'an Optoelectronics Co., Ltd
14.3.7 Arzon Solar
