Market Overview:
The global high concentration photovoltaics (HCPV) 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 across the globe. Additionally, government initiatives and regulations supporting the deployment of solar energy are also contributing to the growth of this market. The HCPV market is segmented on the basis of type, application, and region. On the basis of type, it is divided into electric power HCPV, electric power & thermal power HCPV, and thermal power HCPV. Electric power accounted for a major share in 2017 owing to its advantages such as low installation cost and easy maintenance as compared to other types of PV systems.
Product Definition:
High Concentration Photovoltaics (HCPV) is a technology that uses optical lenses to concentrate sunlight onto small solar cells, increasing the amount of energy produced per cell. HCPV has the potential to increase the efficiency of solar energy systems while reducing costs.
Electric Power:
Electric power is the rate at which electricity is generated or consumed. The global electric power market has witnessed significant growth over the past few years and this trend is expected to continue over the forecast period owing to rising demand for electricity in emerging economies such as India, China, Brazil and South Africa. Rapid industrialization coupled with increasing population has resulted in a growing need for energy globally. This factor along with government initiatives towards sustainable development will propel industry growth over the next seven years.
Electric Power and Thermal Power:
Electric power and thermal power are two types of energy sources used in the manufacture of High Concentration Photovoltaics (HC PV). The first type is electrical energy generated through the use of electric devices and it is converted into thermal energy during its usage. The second type is produced by using solar panels, which convert sunlight into electricity.
Application Insights:
The telecom or mobile towers application segment accounted for the largest revenue share of over 30% in 2017. This is attributed to the high efficiency and production cost reduction that are expected to drive its adoption over other conventional sources of energy. The product has also been witnessing increased adoption in industrial applications owing to its ability to provide power across wide range of temperature and voltage requirements, which reduces customized equipment requirement.
The residential and commercial rooftop application segment is anticipated witness a CAGR exceeding 10% from 2018 to 2030 as consumers continue their shift towards renewable energy generation options due largely reducing electricity bills along with environmental benefits offered by HCV system installation on rooftops.
Regional Analysis:
Europe dominated the global market in 2017, with a revenue share of over 30.0%. This is attributed to the supportive government policies and incentives for large-scale adoption of concentrated solar power plants in countries such as Italy, Spain, and Greece. For instance, under the National Renewable Energy Action Plan (NREAP), Morocco aims to generate 14 GW from CSP by 2020 through various initiatives including financial aids and capacity expansions.
The Asia Pacific regional market is expected to grow at a lucrative rate over the forecast period owing to increasing awareness regarding GHG emissions resulting from electricity consumption coupled with growing need for sustainable energy solutions leading towards overall energy security. The Middle East & Africa region also presents significant growth opportunities due to rapidly expanding telecom sector in countries such as Saudi Arabia and UAE that are also focusing on reducing their carbon footprint by shifting towards clean energy technologies such as high concentration photovoltaics systems (HCPV).
Growth Factors:
- Increasing demand for energy 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 solar photovoltaic systems
- Development of new technologies that improve the efficiency of high concentration photovoltaic systems
- Growing awareness about the benefits of using high concentration photovoltaic systems
Scope Of The Report
Report Attributes
Report Details
Report Title
High Concentration Photovoltaics Market Research Report
By Type
Electric Power, Electric Power and Thermal Power
By Application
Industrial, Residential and Commercial Rooftop, Telecom or Mobile Towers, Rural Electrification, Water Pumping Solutions, Street Lighting, Government or Military (Mobile Off Grid), Hospitals, Hotels and Restaurants, Others
By Companies
BSQ Solar, Abengoa Solar, Fullsun Photovoltaics, Arzon Solar, LLC, Fraunhofer ISE, Cool Earth Solar, Pele Green Energy, RayGen
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
213
Number of Tables & Figures
150
Customization Available
Yes, the report can be customized as per your need.
Global High Concentration Photovoltaics Market Report Segments:
The global High Concentration Photovoltaics market is segmented on the basis of:
Types
Electric Power, Electric Power and Thermal Power
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
Industrial, Residential and Commercial Rooftop, Telecom or Mobile Towers, Rural Electrification, Water Pumping Solutions, Street Lighting, Government or Military (Mobile Off Grid), Hospitals, Hotels and Restaurants, 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:
- BSQ Solar
- Abengoa Solar
- Fullsun Photovoltaics
- Arzon Solar, LLC
- Fraunhofer ISE
- Cool Earth Solar
- Pele Green Energy
- RayGen
Highlights of The High Concentration Photovoltaics 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:
- Electric Power
- Electric Power and Thermal Power
- By Application:
- Industrial, Residential and Commercial Rooftop
- Telecom or Mobile Towers
- Rural Electrification
- Water Pumping Solutions
- Street Lighting
- Government or Military (Mobile Off Grid)
- Hospitals, Hotels and Restaurants
- 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 High Concentration Photovoltaics 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
- Identifying Appropriate Advertising Appeals
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?
High concentration photovoltaics (HC PV) is a type of solar energy technology that uses large arrays of thin-film solar cells to convert sunlight into electricity with high efficiency. HC PV systems can be made up of hundreds or even thousands of individual solar cells, which are mounted on a large tracking system so that the panels can follow the sun as it moves across the sky. This allows HC PV systems to generate power even when there is little or no sunlight available.
Some of the key players operating in the high concentration photovoltaics market are BSQ Solar, Abengoa Solar, Fullsun Photovoltaics, Arzon Solar, LLC, Fraunhofer ISE, Cool Earth Solar, Pele Green Energy, RayGen.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 High Concentration Photovoltaics 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 High Concentration Photovoltaics Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 High Concentration Photovoltaics 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 High Concentration Photovoltaics 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 High Concentration Photovoltaics Market Size & Forecast, 2018-2028
4.5.1 High Concentration Photovoltaics Market Size and Y-o-Y Growth
4.5.2 High Concentration Photovoltaics Market Absolute $ Opportunity
Chapter 5 Global High Concentration Photovoltaics 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 High Concentration Photovoltaics Market Size Forecast by Type
5.2.1 Electric Power
5.2.2 Electric Power and Thermal Power
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global High Concentration Photovoltaics 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 High Concentration Photovoltaics Market Size Forecast by Applications
6.2.1 Industrial
6.2.2 Residential and Commercial Rooftop
6.2.3 Telecom or Mobile Towers
6.2.4 Rural Electrification
6.2.5 Water Pumping Solutions
6.2.6 Street Lighting
6.2.7 Government or Military (Mobile Off Grid)
6.2.8 Hospitals
6.2.9 Hotels and Restaurants
6.2.10 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High Concentration Photovoltaics 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 High Concentration Photovoltaics 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 High Concentration Photovoltaics Analysis and Forecast
9.1 Introduction
9.2 North America High Concentration Photovoltaics 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 High Concentration Photovoltaics Market Size Forecast by Type
9.6.1 Electric Power
9.6.2 Electric Power and Thermal Power
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 High Concentration Photovoltaics Market Size Forecast by Applications
9.10.1 Industrial
9.10.2 Residential and Commercial Rooftop
9.10.3 Telecom or Mobile Towers
9.10.4 Rural Electrification
9.10.5 Water Pumping Solutions
9.10.6 Street Lighting
9.10.7 Government or Military (Mobile Off Grid)
9.10.8 Hospitals
9.10.9 Hotels and Restaurants
9.10.10 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 High Concentration Photovoltaics Analysis and Forecast
10.1 Introduction
10.2 Europe High Concentration Photovoltaics 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 High Concentration Photovoltaics Market Size Forecast by Type
10.6.1 Electric Power
10.6.2 Electric Power and Thermal Power
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 High Concentration Photovoltaics Market Size Forecast by Applications
10.10.1 Industrial
10.10.2 Residential and Commercial Rooftop
10.10.3 Telecom or Mobile Towers
10.10.4 Rural Electrification
10.10.5 Water Pumping Solutions
10.10.6 Street Lighting
10.10.7 Government or Military (Mobile Off Grid)
10.10.8 Hospitals
10.10.9 Hotels and Restaurants
10.10.10 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 High Concentration Photovoltaics Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific High Concentration Photovoltaics 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 High Concentration Photovoltaics Market Size Forecast by Type
11.6.1 Electric Power
11.6.2 Electric Power and Thermal Power
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 High Concentration Photovoltaics Market Size Forecast by Applications
11.10.1 Industrial
11.10.2 Residential and Commercial Rooftop
11.10.3 Telecom or Mobile Towers
11.10.4 Rural Electrification
11.10.5 Water Pumping Solutions
11.10.6 Street Lighting
11.10.7 Government or Military (Mobile Off Grid)
11.10.8 Hospitals
11.10.9 Hotels and Restaurants
11.10.10 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 High Concentration Photovoltaics Analysis and Forecast
12.1 Introduction
12.2 Latin America High Concentration Photovoltaics 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 High Concentration Photovoltaics Market Size Forecast by Type
12.6.1 Electric Power
12.6.2 Electric Power and Thermal Power
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 High Concentration Photovoltaics Market Size Forecast by Applications
12.10.1 Industrial
12.10.2 Residential and Commercial Rooftop
12.10.3 Telecom or Mobile Towers
12.10.4 Rural Electrification
12.10.5 Water Pumping Solutions
12.10.6 Street Lighting
12.10.7 Government or Military (Mobile Off Grid)
12.10.8 Hospitals
12.10.9 Hotels and Restaurants
12.10.10 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) High Concentration Photovoltaics Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) High Concentration Photovoltaics 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) High Concentration Photovoltaics Market Size Forecast by Type
13.6.1 Electric Power
13.6.2 Electric Power and Thermal Power
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) High Concentration Photovoltaics Market Size Forecast by Applications
13.10.1 Industrial
13.10.2 Residential and Commercial Rooftop
13.10.3 Telecom or Mobile Towers
13.10.4 Rural Electrification
13.10.5 Water Pumping Solutions
13.10.6 Street Lighting
13.10.7 Government or Military (Mobile Off Grid)
13.10.8 Hospitals
13.10.9 Hotels and Restaurants
13.10.10 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 High Concentration Photovoltaics Market: Competitive Dashboard
14.2 Global High Concentration Photovoltaics Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BSQ Solar
14.3.2 Abengoa Solar
14.3.3 Fullsun Photovoltaics
14.3.4 Arzon Solar, LLC
14.3.5 Fraunhofer ISE
14.3.6 Cool Earth Solar
14.3.7 Pele Green Energy
14.3.8 RayGen
