The global concentrated photovoltaic systems market is expected to display higher growth rate over the next five years. The market is subject to witness a substantial growth due to the growing demand for sustainable energy resources, coupled with numerous local government initiatives and schemes to fulfill growing demand of electricity. Numerous benefits are associated with the use of concentrated photovoltaic systems that includes sustainability, reduction in greenhouse gas emission, and low operational cost are further spurring the growth of the market over the forecast period. Globally, the market is predicted to generate massive revenue over next seven years, providing numerous opportunities for market players to invest for research and development in the market. Increasing demand for grid-connected technology along with rising awareness level associated with the use of renewable resources for power generation is predicted to fuel the growth of market over the coming years. Furthermore, it needs a relatively smaller area for installation, thus driving market demand from commercial as well as utility sector. Use of solar technology is predominant in areas where direct sunlight is in abundant amount. Increasing demand from Asia pacific region owing to the constant energy demands is expected to favor market growth over the forecast period. Lower cost and large-scale applications are key contributing factor for sustained market growth in the recent years. In addition, swift decline in the cost of silicon PV and continuous improvements in design are positively affecting industry developments as well. The reduction in the cost of photovoltaic module is a key reason for growing demand of the concentrated photovoltaic systems. In recent years, the cost of concentrated photovoltaic systems is reduced by more than fifty percent, becoming major factor for growth of the concentrated photovoltaic systems market. Reduction in the cost is credited to the enhancement in material efficiency, manufacturing process, and financial prudence. Concentrated photovoltaic systems market is utilized in industrial, commercial and domestic purposes due to its flexibility during the installation processes. Rising prices of crude oil, numerous environmental concerns with the installation of hydro power station, and large amount of initial cost to set up nuclear power plants and health hazards due to nuclear radiation are crucial factors for adoption of solar power. Alongside, numerous government initiatives, schemes and subsidies to promote use of solar powered devices and generation of solar energy are propelling the growth of concentrated photovoltaic systems market. The concentrated photovoltaic systems market is broadly categorized into two major segments based on the application type such as utility and commercial concentrated photovoltaic systems. The utility concentrated photovoltaic systems are considered as one of the fastest growing segment in the market with substantial revenue generation in the last few years. Growing popularity of the utility concentrated photovoltaic systems segment is attributed to the increasing investments to build massive project pipelines. The commercial concentrated photovoltaic systems segment has also witnessed substantial growth owing to the increasing demand from Asia Pacific region. The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies, numerous incentives provided by regional governments in the form of subsidies and tax benefits to limit the green gas emissions, increase in the number of research & development activities in the region and existence of well-established infrastructure. Asia-Pacific region is predicted to hold major market share in the concentrated photovoltaic systems market with massive growth in forecast period. Countries such as India, China and Japan are leading the Asia-Pacific market with growing adoption of solar thermal PV plants and power stations, and significant investment by leading industry players considering potential growth opportunities in the region. The key players in the concentrated photovoltaic systems market are Ravano Green Powers Pvt., Ltd., Sunpower Co., Zytech Solar Pvt., Ltd., and Soitec S.A. About Concentrated Photovoltaic Systems Concentrated photovoltaic (CPV) is a solar photovoltaic technology that uses lenses or mirrors to focus and concentrate sunlight onto a relatively small area of a photovoltaic cell to generate electricity from sunlight. Technavio's analysts forecast the global concentrated photovoltaic systems market to grow at a CAGR of 11.63% during the period 2018-2022. Covered in this report The report covers the present scenario and the growth prospects of the global concentrated photovoltaic systems market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The market is divided into the following segments based on geography: • Americas • APAC • EMEA Technavio's report, Global Concentrated Photovoltaic Systems Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. Key vendors • Arzon Solar • BSQ Solar • Guangdong Redsolar Photovoltaic Technology • Magpower • Saint-Augustin Canada Electric • San'an Optoelectronics Market driver • Advantages of CPV systems • For a full, detailed list, view our report Market challenge • Declining cost of solar PV modules • For a full, detailed list, view our report Market trend • Rising patent filings • For a full, detailed list, view our report Key questions answered in this report • What will the market size be in 2022 and what will the growth rate be? • What are the key market trends? • What is driving this market? • What are the challenges to market growth? • Who are the key vendors in this market space? You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.
Table of Contents PART 01: EXECUTIVE SUMMARY PART 02: SCOPE OF THE REPORT PART 03: RESEARCH METHODOLOGY PART 04: MARKET LANDSCAPE • Market ecosystem • Market characteristics • Market segmentation analysis PART 05: MARKET SIZING • Market definition • Market sizing 2017 • Market size and forecast 2017-2022 PART 06: FIVE FORCES ANALYSIS • Bargaining power of buyers • Bargaining power of suppliers • Threat of new entrants • Threat of substitutes • Threat of rivalry • Market condition PART 07: MARKET SEGMENTATION BY TECHNOLOGY • Segmentation by technology • Comparison by technology • HCPV - Market size and forecast 2017-2022 • LCPV - Market size and forecast 2017-2022 • Market opportunity by technology PART 08: CUSTOMER LANDSCAPE PART 09: REGIONAL LANDSCAPE • Geographical segmentation • Regional comparison • APAC - Market size and forecast 2017-2022 • EMEA - Market size and forecast 2017-2022 • Americas - Market size and forecast 2017-2022 • Key leading countries • Market opportunity PART 10: DECISION FRAMEWORK PART 11: DRIVERS AND CHALLENGES • Market drivers • Market challenges PART 12: MARKET TRENDS • Rising patent filings • Hybrid CPV systems PART 13: VENDOR LANDSCAPE • Overview • Landscape disruption • Competitive scenario PART 14: VENDOR ANALYSIS • Vendors covered • Vendor classification • Market positioning of vendors • Arzon Solar • BSQ Solar • Guangdong Redsolar Photovoltaic Technology • Magpower • Saint-Augustin Canada Electric • San'an Optoelectronics PART 15: APPENDIX • List of abbreviations List of Exhibits Exhibit 01: Global solar energy market Exhibit 02: Segmentation of global solar energy market Exhibit 03: Market characteristics Exhibit 04: Market segments Exhibit 05: Market definition - Inclusions and exclusions checklist Exhibit 06: Market size 2017 Exhibit 07: Validation techniques employed for market sizing 2017 Exhibit 08: Global concentrated photovoltaic systems market - Market size and forecast 2017-2022 ($ millions) Exhibit 09: Global concentrated photovoltaic systems market - Year-over-year growth 2018-2022 (%) Exhibit 10: Five forces analysis 2017 Exhibit 11: Five forces analysis 2022 Exhibit 12: Bargaining power of buyers Exhibit 13: Bargaining power of suppliers Exhibit 14: Threat of new entrants Exhibit 15: Threat of substitutes Exhibit 16: Threat of rivalry Exhibit 17: Market condition - Five forces 2017 Exhibit 18: Technology - Market share 2017-2022 (%) Exhibit 19: Comparison by technology Exhibit 20: HCPV - Market size and forecast 2017-2022 ($ millions) Exhibit 21: HCPV - Year-over-year growth 2018-2022 (%) Exhibit 22: LCPV - Market size and forecast 2017-2022 ($ millions) Exhibit 23: LCPV - Year-over-year growth 2018-2022 (%) Exhibit 24: Market opportunity by technology Exhibit 25: Customer landscape Exhibit 26: Regional - Market share by geography 2017-2022 (%) Exhibit 27: Regional comparison Exhibit 28: APAC - Market size and forecast 2017-2022 ($ millions) Exhibit 29: APAC - Year-over-year growth 2018-2022 (%) Exhibit 30: EMEA - Market size and forecast 2017-2022 ($ millions) Exhibit 31: EMEA - Year-over-year growth 2018-2022 (%) Exhibit 32: Americas - Market size and forecast 2017-2022 ($ millions) Exhibit 33: Americas - Year-over-year growth 2018-2022 (%) Exhibit 34: Key leading countries Exhibit 35: Global investment in renewable energy 2000-2016 ($ billions) Exhibit 36: State incentives for the adoption of CPV systems in the US 2014 Exhibit 37: Indexed cost of solar PV system 2010-2017 (%) Exhibit 38: Energy consumption from renewable sources in US 2010-2016 (trillion Btu) Exhibit 39: Global crude oil price 2011-2016 ($/bbl.) Exhibit 40: Patent filing in global concentrated photovoltaic systems market 2012-2017 Exhibit 41: Vendor landscape Exhibit 42: Vendors covered Exhibit 43: Vendor classification Exhibit 44: Market positioning of vendors Exhibit 45: Arzon Solar overview Exhibit 46: Arzon Solar - Business segments Exhibit 47: Arzon Solar - Organizational developments Exhibit 48: Arzon Solar - Geographic focus Exhibit 49: Arzon Solar - Segment focus Exhibit 50: Arzon Solar - Key offerings Exhibit 51: BSQ Solar overview Exhibit 52: BSQ Solar - Business segments Exhibit 53: BSQ Solar - Organizational developments Exhibit 54: BSQ Solar - Geographic focus Exhibit 55: BSQ Solar - Segment focus Exhibit 56: BSQ Solar - Key offerings Exhibit 57: Guangdong Redsolar Photovoltaic Technology overview Exhibit 58: Guangdong Redsolar Photovoltaic Technology - Business segments Exhibit 59: Guangdong Redsolar Photovoltaic Technology - Organizational developments Exhibit 60: Guangdong Redsolar Photovoltaic Technology - Geographic focus Exhibit 61: Guangdong Redsolar Photovoltaic Technology - Segment focus Exhibit 62: Guangdong Redsolar Photovoltaic Technology - Key offerings Exhibit 63: Magpower overview Exhibit 64: Magpower- Business segments Exhibit 65: Magpower- Organizational developments Exhibit 66: Magpower- Geographic focus Exhibit 67: Magpower- Segment focus Exhibit 68: Magpower- Key offerings Exhibit 69: Saint-Augustin Canada Electric overview Exhibit 70: Saint-Augustin Canada Electric - Business segments Exhibit 71: Saint-Augustin Canada Electric - Organizational developments Exhibit 72: Saint-Augustin Canada Electric - Geographic focus Exhibit 73: Saint-Augustin Canada Electric - Segment focus Exhibit 74: Saint-Augustin Canada Electric - Key offerings Exhibit 75: San'an Optoelectronics overview Exhibit 76: San'an Optoelectronics - Business segments Exhibit 77: San'an Optoelectronics - Organizational developments Exhibit 78: San'an Optoelectronics - Geographic focus Exhibit 79: San'an Optoelectronics - Segment focus Exhibit 80: San'an Optoelectronics - Key offerings
Our library has over 100000 reports on 1000s of topics
Over 100+ Fortune 500 companies rely on us
90,000+ people come to us for insights every month
Toll Free: 1-888-928-9744
Email: [email protected]
Speak to the report author to design an exclusive study to serve your research needs.
A testimonial for service excellence represented in the form of BBB "A" Accreditation.
Your personal and confidential information is safe and secure.