The global concentrated photovoltaic market value is expected to surpass of around US$ 5.2 Bn by 2027 and is anticipated to grow at a CAGR of around 11% in terms of revenue during the forecast period 2020 – 2027.
Concentrate photovoltaic is a technology for producing sunlight power. This technique relies on a wide spectrum of photons using optical sensors on a solar cell. Lenses and curved mirrors and are used to focus sunlight on the solar multi-joint layer.
The report provides analysis of global Concentrated Photovoltaic market for the period 2016-2027, wherein 2020 to 2027 is the forecast period and 2019 is considered as the base year.
Market Insights
The need for concentrated photovoltaic systems is projected to increase perceptive of renewable energy used in power generation, along with the rising need for grid-connected electricity. The dramatic decrease in the prices of traditional photovoltaic modules resulted in an increase in demand for photovoltaic concentrations and other silicone-based technologies. High photovoltaic focused rates relative to solar photovoltaic’s constituted a significant constraint. Declining silicone prices and increased modular construction are projected to have a favorable industry effect over the forecast phase.
The photovoltaic market is dominated by the product group refractors. The increased desire for high performance due to increased power consumption is expected to fuel the market for concentrated photovoltaic refractory lenses.
Moreover, due to the increasing demand for high-efficiency modules, concentrated photovoltaics are expected to rise rapidly during this projected period. The demand for low cost and high performance modules is expected to rise over the forecast period for highly oriented photovoltaics.
Regional Stance
Asia Pacific held significant market share in 2019 and anticipated to administer the market during the forecast time span. The rising population and boost in disposable income of people are the key drivers of the growth of the CPV industry in the raise of high demand for electricity. The main markets in Asia-Pacific are China, Taiwan and Australia. China is the world's largest solar energy user and the most populated nation. The Chinese government tries to reduce CO2 pollution. In addition, CPV facilities in the country are welcomed. The installed CPV capacity was recorded as 169.89 MW in 2016, according to NERL.
Middle East and Africa is projected to benefit primarily from raising demand in South Africa. Areas covered with sand dunes are exposed to full surface sunshine, which vastly enhances CPV deployment. Further demand for centered photovoltaics is expected to be supported in Morocco and Jordan over coming years.
Report coverage
The market research study on “Concentrated Photovoltaic Market (Concentrated Photovoltaic Market By Type: Refractor, Reflector; Concentrated Photovoltaic Market By Application: Commercial, Utility; Concentrated Photovoltaic Market By Concentration Level: Low concentration photovoltaic, High concentration photovoltaic) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027” offers a detailed insights on the global Concentrated Photovoltaic market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report also provides competitive landscape to understand the current stance of particular player. The report covers global Concentrated Photovoltaic market size, and segment markets by type, construction, application, and geography along with the information on companies operating in the market. The Concentrated Photovoltaic market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report.
The global Concentrated Photovoltaic market is segmented as below:
Market Segmentation
Concentrated Photovoltaic Market By Product
Concentrated Photovoltaic Market By Application
Concentrated Photovoltaic Market By Concentration Level
- Low concentration photovoltaic
- High concentration photovoltaic
Concentrated Photovoltaic Market By Geography
North America
Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Key Players and Market Situation
Participants include major global players such Sunpower Corporation, Zytech Solar, Solar Junction, Suncore Photovoltaic Technology Co. Ltd., Solarsystem, Semprius Inc, Soitec, and Others.
The leading manufacturers concentrate on the strategy for fusions and acquisitions to gain a strategic advantage and have significant regional presence for the different industries.
The market's leading businesses concentrate on rising acquisitions and contracts with the key aim of representing a wide regional presence of different industries. In order to broaden its scope of activities, leading corporations are aquiringlocal or regional level focused photovoltaic suppliers.
Table Of Content:
CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Concentrated Photovoltaic
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Concentrated Photovoltaic Market By Product
1.2.2.1. Global Concentrated Photovoltaic Market Revenue and Growth Rate Comparison By Product(2016-2027)
1.2.2.2. Global Concentrated Photovoltaic Market Revenue Share By Product in 2019
1.2.2.3. Refractor
1.2.2.4. Reflector
1.2.3. Concentrated Photovoltaic Market By Application
1.2.3.1. Global Concentrated Photovoltaic Market Revenue and Growth Rate Comparison By Application (2016-2027)
1.2.3.2. Global Concentrated Photovoltaic Market Revenue Share By Application in 2019
1.2.3.2.1. Commercial
1.2.3.2.2. Utility
1.2.4. Concentrated Photovoltaic Market By Concentration Level
1.2.4.1. Global Concentrated Photovoltaic Market Revenue and Growth Rate Comparison By Concentration Level(2016-2027)
1.2.4.2. Global Concentrated Photovoltaic Market Revenue Share By Concentration Level in 2019
1.2.4.2.1. Low concentration photovoltaic
1.2.4.2.2. High concentration photovoltaic
1.2.5. Concentrated Photovoltaic Market By Geography
1.2.5.1. Global Concentrated Photovoltaic Market Revenue and Growth Rate Comparison by Geography (2016-2027)
1.2.5.2. North America Concentrated Photovoltaic Market Revenue and Growth Rate(2016-2027)
1.2.5.3. Europe Concentrated Photovoltaic Market Revenue and Growth Rate(2016-2027)
1.2.5.4. Asia-Pacific Concentrated Photovoltaic Market Revenue and Growth Rate(2016-2027)
1.2.5.5. Latin America Concentrated Photovoltaic Market Revenue and Growth Rate(2016-2027)
1.2.5.6. Middle East and Africa (MEA)Concentrated Photovoltaic Market Revenue and Growth Rate(2016-2027)
CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2019
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players
CHAPTER 3. MANUFACTURING Concentrated Photovoltaic ANALYSIS
3.1. Capacity and Commercial Production Date of Global Concentrated Photovoltaic Major Manufacturers in 2019
3.2. Manufacturing Plants Distribution of Global Concentrated Photovoltaic Major Manufacturers in 2019
3.3. R&D Status and Manufacturing End-User of Global Concentrated Photovoltaic Major Manufacturers in 2019
3.4. Raw Materials End-Users Analysis of Global Concentrated Photovoltaic Major Manufacturers in 2019
CHAPTER 4. Concentrated Photovoltaic MARKET By Product
4.1. Global Concentrated Photovoltaic Revenue By Product
4.2. Refractor
4.2.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
4.3. Reflector
4.3.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
CHAPTER 5. Concentrated Photovoltaic MARKET By Application
5.1. Global Concentrated Photovoltaic Revenue By Application
5.2. Commercial
5.2.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
5.3. Utility
5.3.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
CHAPTER 6. Concentrated Photovoltaic MARKET By Concentration Level
6.1. Global Concentrated Photovoltaic Revenue By Concentration Level
6.2. Low concentration photovoltaic
6.2.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
6.2.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
6.3. High concentration photovoltaic
6.3.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
6.3.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
CHAPTER 7. NORTH AMERICA Concentrated Photovoltaic MARKET BY COUNTRY
7.1. North America Concentrated Photovoltaic Market Revenue and Growth Rate, 2016 - 2027 ($Million)
7.2. North America Concentrated Photovoltaic Market Revenue Share Comparison, 2016 & 2027 (%)
7.3. U.S.
7.3.1. U.S. Concentrated Photovoltaic Market Revenue and Forecast By Product, 2016 - 2027 ($Million)
7.3.2. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
7.3.3. Market Revenue and Forecast By Concentration Level, 2016 - 2027 ($Million)
7.4. Canada
7.4.1. Market Revenue and Forecast By Product, 2016 - 2027 ($Million)
7.4.2. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
7.4.3. Market Revenue and Forecast By Concentration Level, 2016 - 2027 ($Million)
CHAPTER 8. EUROPE SMART REFRIGERATOR MARKET BY COUNTRY
8.1. Europe Concentrated Photovoltaic Market Revenue and Growth Rate, 2016 - 2027 ($Million)
8.2. Europe Concentrated Photovoltaic Market Revenue Share Comparison, 2016 & 2027 (%)
8.3. UK
8.3.1. Market Revenue and Forecast By Product, 2016 - 2027 ($Million)
8.3.2. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
8.3.3. Market Revenue and Forecast By Concentration Level, 2016 - 2027 ($Million)
8.4. Germany
8.4.1. Market Revenue and Forecast By Product, 2016 - 2027 ($Million)
8.4.2. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
8.4.3. Market Revenue and Forecast By Concentration Level, 2016 - 2027 ($Million)
8.5. France
8.5.1. Market Revenue and Forecast By Product, 2016 - 2027 ($Million)
8.5.2. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
8.5.3. Market Revenue and Forecast By Concentration Level, 2016 - 2027 ($Million)
8.6. Spain
8.6.1. Market Revenue and Forecast By Product, 2016 - 2027 ($Million)
8.6.2. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
8.6.3. Market Revenue and Forecast By Concentration Level, 2016 - 2027 ($Million)
8.7. Rest of Europe
8.7.1. Market Revenue and Forecast By Product, 2016 - 2027 ($Million)
8.7.2. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
8.7.3. Market Revenue and Forecast By Concentration Level, 2016 - 2027 ($Million)
CHAPTER 9. ASIA-PACIFIC Concentrated Photovoltaic MARKET BY COUNTRY
9.1. Asia-Pacific Concentrated Photovoltaic Market Revenue and Growth Rate, 2016 - 2027 ($Million)
9.2. Asia-Pacific Concentrated Photovoltaic Market Revenue Share Comparison, 2016 & 2027 (%)
9.3. China
9.3.1. Market Revenue and Forecast By Product, 2016 - 2027 ($Million)
9.3.2. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
9.3.3. Market Revenue and Forecast By Concentration Level, 2016 - 2027 ($Million)
9.4. Japan
9.4.1. Market Revenue and Forecast By Product, 2016 - 2027 ($Million)
9.4.2. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
9.4.3. Market Revenue and Forecast By Concentration Level, 2016 - 2027 ($Million)
9.5. India
9.5.1. Market Revenue and Forecast By Product, 2016 - 2027 ($Million)
9.5.2. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
9.5.3. Market Revenue and Forecast By Concentration Level, 2016 - 2027 ($Million)
9.6. Australia
9.6.1. Market Revenue and Forecast By Product, 2016 - 2027 ($Million)
9.6.2. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
9.6.3. Market Revenue and Forecast By Concentration Level, 2016 - 2027 ($Million)
9.7. South Korea
9.7.1. Market Revenue and Forecast By Product, 2016 - 2027 ($Million)
9.7.2. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
9.7.3. Market Revenue and Forecast By Concentration Level, 2016 - 2027 ($Million)
9.8. Rest of Asia-Pacific
9.8.1. Market Revenue and Forecast By Product, 2016 - 2027 ($Million)
9.8.2. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
9.8.3. Market Revenue and Forecast By Concentration Level, 2016 - 2027 ($Million)
CHAPTER 10. LATIN AMERICA Concentrated Photovoltaic MARKET BY COUNTRY
10.1. Latin America Concentrated Photovoltaic Market Revenue and Growth Rate, 2016 - 2027 ($Million)
10.2. Latin America Concentrated Photovoltaic Market Revenue Share Comparison, 2016 & 2027 (%)
10.3. Brazil
10.3.1. Market Revenue and Forecast By Product, 2016 - 2027 ($Million)
10.3.2. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
10.3.3. Market Revenue and Forecast By Concentration Level, 2016 - 2027 ($Million)
10.4. Mexico
10.4.1. Market Revenue and Forecast By Product, 2016 - 2027 ($Million)
10.4.2. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
10.4.3. Market Revenue and Forecast By Concentration Level, 2016 - 2027 ($Million)
10.5. Rest of Latin America
10.5.1. Market Revenue and Forecast By Product, 2016 - 2027 ($Million)
10.5.2. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
10.5.3. Market Revenue and Forecast By Concentration Level, 2016 - 2027 ($Million)
CHAPTER 11. MIDDLE EAST & AFRICA Concentrated Photovoltaic MARKET BY COUNTRY
11.1. Middle East & Africa Concentrated Photovoltaic Market Revenue and Growth Rate, 2016 - 2027 ($Million)
11.2. Middle East & Africa Concentrated Photovoltaic Market Revenue Share Comparison, 2016 & 2027 (%)
11.3. GCC
11.3.1. Market Revenue and Forecast By Product, 2016 - 2027 ($Million)
11.3.2. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
11.3.3. Market Revenue and Forecast By Concentration Level, 2016 - 2027 ($Million)
11.4. South Africa
11.4.1. Market Revenue and Forecast By Product, 2016 - 2027 ($Million)
11.4.2. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
11.4.3. Market Revenue and Forecast By Concentration Level, 2016 - 2027 ($Million)
11.5. Rest of Middle East & Africa
11.5.1. Market Revenue and Forecast By Product, 2016 - 2027 ($Million)
11.5.2. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
11.5.3. Market Revenue and Forecast By Concentration Level, 2016 - 2027 ($Million)
CHAPTER 12. COMPANY PROFILE
12.1. Sunpower Corporation
12.1.1. Company Snapshot
12.1.2. Overview
12.1.3. Financial Overview
12.1.4. Product Portfolio
12.1.5. Key Developments
12.1.6. Strategies
12.2. Zytech Solar
12.2.1. Company Snapshot
12.2.2. Overview
12.2.3. Financial Overview
12.2.4. Product Portfolio
12.2.5. Key Developments
12.2.6. Strategies
12.3. Solar Junction
12.3.1. Company Snapshot
12.3.2. Overview
12.3.3. Financial Overview
12.3.4. Product Portfolio
12.3.5. Key Developments
12.3.6. Strategies
12.4. Suncore Photovoltaic Technology Co. Ltd.
12.4.1. Company Snapshot
12.4.2. Overview
12.4.3. Financial Overview
12.4.4. Product Portfolio
12.4.5. Key Developments
12.4.6. Strategies
12.5. Solarsystem
12.5.1. Company Snapshot
12.5.2. Overview
12.5.3. Financial Overview
12.5.4. Product Portfolio
12.5.5. Key Developments
12.5.6. Strategies
12.6. Semprius Inc
12.6.1. Company Snapshot
12.6.2. Overview
12.6.3. Financial Overview
12.6.4. Product Portfolio
12.6.5. Key Developments
12.6.6. Strategies
12.7. Soitec
12.7.1. Company Snapshot
12.7.2. Overview
12.7.3. Financial Overview
12.7.4. Product Portfolio
12.7.5. Key Developments
12.7.6. Strategies
12.8. Others
12.8.1. Company Snapshot
12.8.2. Overview
12.8.3. Financial Overview
12.8.4. Product Portfolio
12.8.5. Key Developments
12.8.6. Strategies
CHAPTER 13. RESEARCH APPROACH
13.1. Research Methodology
13.1.1. Initial Data Search
13.1.2. Secondary Research
13.1.3. Primary Research
13.2. Assumptions and Scope
