Market Overview:
The global high concentrated photovoltaic (HCPV) market is expected to grow at a CAGR of over 16% 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. In addition, government initiatives and regulations supporting the deployment of solar energy are also fueling the growth of this market. Based on type, the HCPV market is segmented into photovoltaic conversion rate 40%.
 Industry Outlook.svg)
Product Definition:
HCPV systems are PV systems that use lenses or mirrors to concentrate sunlight onto small, high-efficiency solar cells. The concentrated sunlight can be up to 500 times the normal intensity of sunlight. HCPV systems have the potential to achieve significantly higher efficiencies than traditional PV systems.
Photovoltaic Conversion Rate
Photovoltaic Conversion Rate 30%-40%:
The global photovoltaic conversion rate (PV) 30%-40% and its usage in high concentrated photovoltaics market is expected to witness significant growth over the forecast period. The PV30%-40% are crystalline silicon modules that have a composition of thin-film solar cells, which are manufactured using amorphous silica and gallium phosphate.
Application Insights:
The utility-scale segment accounted for the largest revenue share of over 70% in 2017. The segment is expected to witness significant growth over the forecast period owing to rising demand from commercial and industrial applications. Increasing electricity costs coupled with a growing need for renewable sources of energy has led to an increased focus on HCPV as an alternative source of power generation.
Commercial application is projected to be the fastest-growing segment at a CAGR of XX% from 2018 to 2030 owing to increasing product adoption in large-scale solar parks and corporate offices across emerging economies such as India, China, Thailand and Malaysia among others which are yetto be covered by HCPV installations.
Regional Analysis:
Europe dominated the global market in 2017, with a revenue share of over 30%. The region is expected to continue its dominance over the forecast period. This growth can be attributed to various factors such as supportive government policies and incentives for HCPV installation, rising awareness about renewable energy generation sources, and increasing focus on reducing carbon footprints.
The Asia Pacific regional market is anticipated to witness significant growth from 2018 to 2030 owing to growing installations of solar panels across countries such as China and Japan. In addition, favorable government initiatives are also expected favorably impact the demand for high concentrated photovoltaics in this region. For instance; India has set an aim of generating 40 GW electricity from solar power by 2020 which would require massive investments in terms of technology development & deployment as well as manufacturing capacity expansion (HCPV).
Growth Factors:
- Increasing demand for clean and renewable energy: The growing concern of global warming and climate change is driving the demand for clean and renewable energy sources such as solar power. HCPV systems offer a higher efficiency than traditional PV systems, making it an attractive option for large-scale solar installations.
- Declining cost of solar energy: The cost of installing a solar photovoltaic system has been declining steadily in recent years, making it more affordable for consumers and businesses to switch to renewable energy. HCPV systems are still more expensive than traditional PV systems, but the cost is dropping quickly as the technology improves.
- Government incentives and subsidies: Governments around the world are offering incentives and subsidies to promote the adoption of solar power technologies. This includes tax breaks, rebates, loans, or outright purchase subsidies that can make HCPV systems more affordable for consumers and businesses alike.
Scope Of The Report
Report Attributes
Report Details
Report Title
High Concentrated Photovoltaic (HCPV) Market Research Report
By Type
Photovoltaic Conversion Rate <30%, Photovoltaic Conversion Rate 30%-40%, Photovoltaic Conversion Rate >40%
By Application
Commercial, Utility-Scale, Other
By Companies
Arzon Solar (Amonix), Isofoton S.A., Magpower, Semprius Inc., Soitec, Solar Junction, Silex, Suncore Photovoltaic, Sunpower Corporation, Zytech Solar, SolFocus
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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global High Concentrated Photovoltaic (HCPV) Market Report Segments:
The global High Concentrated Photovoltaic (HCPV) market is segmented on the basis of:
Types
Photovoltaic Conversion Rate <30%, Photovoltaic Conversion Rate 30%-40%, Photovoltaic Conversion Rate >40%
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
Commercial, Utility-Scale, Other
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 (Amonix)
- Isofoton S.A.
- Magpower
- Semprius Inc.
- Soitec
- Solar Junction
- Silex
- Suncore Photovoltaic
- Sunpower Corporation
- Zytech Solar
- SolFocus
 Market Overview.svg)
Highlights of The High Concentrated Photovoltaic (HCPV) 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:
- Photovoltaic Conversion Rate <30%
- Photovoltaic Conversion Rate 30%-40%
- Photovoltaic Conversion Rate >40%
- By Application:
- Commercial
- Utility-Scale
- Other
- 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 Concentrated Photovoltaic (HCPV) 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
 Market Statistics.svg)
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 Concentrated Photovoltaic (HCPV) is a type of solar energy technology that uses large, expensive solar panels to collect more sunlight than traditional rooftop or ground-mounted solar systems. HCPV systems are typically located on rooftops or other high-traffic areas where they can generate more electricity than smaller systems.
Some of the key players operating in the high concentrated photovoltaic (hcpv) market are Arzon Solar (Amonix), Isofoton S.A., Magpower, Semprius Inc., Soitec, Solar Junction, Silex, Suncore Photovoltaic, Sunpower Corporation, Zytech Solar, SolFocus.
The high concentrated photovoltaic (hcpv) market is expected to register a CAGR of 16%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. High Concentrated Photovoltaic (HCPV) Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. High Concentrated Photovoltaic (HCPV) Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. High Concentrated Photovoltaic (HCPV) Market - Supply Chain
4.5. Global High Concentrated Photovoltaic (HCPV) Market Forecast
4.5.1. High Concentrated Photovoltaic (HCPV) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. High Concentrated Photovoltaic (HCPV) Market Size (000 Units) and Y-o-Y Growth
4.5.3. High Concentrated Photovoltaic (HCPV) Market Absolute $ Opportunity
5. Global High Concentrated Photovoltaic (HCPV) Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. High Concentrated Photovoltaic (HCPV) Market Size and Volume Forecast by Type
5.3.1. Photovoltaic Conversion Rate <30%
5.3.2. Photovoltaic Conversion Rate 30%-40%
5.3.3. Photovoltaic Conversion Rate >40%
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global High Concentrated Photovoltaic (HCPV) Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. High Concentrated Photovoltaic (HCPV) Market Size and Volume Forecast by Application
6.3.1. Commercial
6.3.2. Utility-Scale
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global High Concentrated Photovoltaic (HCPV) Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. High Concentrated Photovoltaic (HCPV) Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global High Concentrated Photovoltaic (HCPV) Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. High Concentrated Photovoltaic (HCPV) Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global High Concentrated Photovoltaic (HCPV) Demand Share Forecast, 2019-2026
9. North America High Concentrated Photovoltaic (HCPV) Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America High Concentrated Photovoltaic (HCPV) Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America High Concentrated Photovoltaic (HCPV) Market Size and Volume Forecast by Application
9.4.1. Commercial
9.4.2. Utility-Scale
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America High Concentrated Photovoltaic (HCPV) Market Size and Volume Forecast by Type
9.7.1. Photovoltaic Conversion Rate <30%
9.7.2. Photovoltaic Conversion Rate 30%-40%
9.7.3. Photovoltaic Conversion Rate >40%
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America High Concentrated Photovoltaic (HCPV) Demand Share Forecast, 2019-2026
10. Latin America High Concentrated Photovoltaic (HCPV) Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America High Concentrated Photovoltaic (HCPV) Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America High Concentrated Photovoltaic (HCPV) Market Size and Volume Forecast by Application
10.4.1. Commercial
10.4.2. Utility-Scale
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America High Concentrated Photovoltaic (HCPV) Market Size and Volume Forecast by Type
10.7.1. Photovoltaic Conversion Rate <30%
10.7.2. Photovoltaic Conversion Rate 30%-40%
10.7.3. Photovoltaic Conversion Rate >40%
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America High Concentrated Photovoltaic (HCPV) Demand Share Forecast, 2019-2026
11. Europe High Concentrated Photovoltaic (HCPV) Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe High Concentrated Photovoltaic (HCPV) Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe High Concentrated Photovoltaic (HCPV) Market Size and Volume Forecast by Application
11.4.1. Commercial
11.4.2. Utility-Scale
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe High Concentrated Photovoltaic (HCPV) Market Size and Volume Forecast by Type
11.7.1. Photovoltaic ConversionRate <30%
11.7.2. Photovoltaic Conversion Rate 30%-40%
11.7.3. Photovoltaic Conversion Rate >40%
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe High Concentrated Photovoltaic (HCPV) Demand Share, 2019-2026
12. Asia Pacific High Concentrated Photovoltaic (HCPV) Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific High Concentrated Photovoltaic (HCPV) Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific High Concentrated Photovoltaic (HCPV) Market Size and Volume Forecast by Application
12.4.1. Commercial
12.4.2. Utility-Scale
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific High Concentrated Photovoltaic (HCPV) Market Size and Volume Forecast by Type
12.7.1. Photovoltaic Conversion Rate <30%
12.7.2. Photovoltaic Conversion Rate 30%-40%
12.7.3. Photovoltaic Conversion Rate >40%
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific High Concentrated Photovoltaic (HCPV) Demand Share, 2019-2026
13. Middle East & Africa High Concentrated Photovoltaic (HCPV) Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa High Concentrated Photovoltaic (HCPV) Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa High Concentrated Photovoltaic (HCPV) Market Size and Volume Forecast by Application
13.4.1. Commercial
13.4.2. Utility-Scale
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa High Concentrated Photovoltaic (HCPV) Market Size and Volume Forecast by Type
13.7.1. Photovoltaic Conversion Rate <30%
13.7.2. Photovoltaic Conversion Rate 30%-40%
13.7.3. Photovoltaic Conversion Rate >40%
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa High Concentrated Photovoltaic (HCPV) Demand Share, 2019-2026
14. Competition Landscape
14.1. Global High Concentrated Photovoltaic (HCPV) Market: Market Share Analysis
14.2. High Concentrated Photovoltaic (HCPV) Distributors and Customers
14.3. High Concentrated Photovoltaic (HCPV) Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Arzon Solar (Amonix)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Isofoton S.A.
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Magpower
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Semprius Inc.
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Soitec
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Solar Junction
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Silex
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Suncore Photovoltaic
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Sunpower Corporation
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Zytech Solar
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. SolFocus
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
