Global ll and comprehensive study of the Concentrated Photovoltaic market with all its aspects influencing the growth of the market.
Concentrated photovoltaic or CPV is a photovoltaic technology which produces electricity from sunlight. As opposed to conventional photovoltaic systems, this uses curved mirrors or lenses for focusing sunlight onto highly efficient, small, multi junction solar cells. Moreover, concentrated photovoltaic systems often utilize solar trackers and at times a cooling system to boost their efficiency further. The concentrated photovoltaic (CPV) market is expected to grow at the CAGR of around 11.56% during the period 2017 to 2023. A detailed analysis report of COVID-19 impact on Concentrated Photovoltaic Market Analysis is provided with the report.
Top Manufacturers analyzed in the Concentrated Photovoltaic (CPV) Market Research Report are:
Leading players profiled in the concentrated photovoltaic market include Macsun Solar Energy Technology Co., Ltd. (China), Suntrix Company Ltd (China), Sanan Optoelectronics Technology Co., Ltd (China), Saint-Augustin Canada Electric Inc. (STACE) (Canada), Sumitomo Electric Industries, Ltd. (Japan), Guangdong Redsolar Photovoltaic Technology Co. Ltd (China), Suncore Photovoltaic Technology Company Limited (China), ARIMA Group (Taiwan), Morgan Solar Inc. (Canada), Cool Earth Solar (U.S.), Arzon Solar LLC. (U.S.), SolAero Technologies Corp. (U.S.), Radical Sun Systems, Inc. (U.S.), and others.
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Market Segmentation
MRFR report offers a wide segmental analysis of the concentrated photovoltaic market on the basis of type and application.
Global Concentrated Photovoltaic (CPV) Market, By Type
High Concentrated Photovoltaic (HCPV)
Low Concentrated Photovoltaic (LCPV)
Global Concentrated Photovoltaic (CPV) Market, By Application
Commercial
Utilities
Global Concentrated Photovoltaic (CPV) Market, By Region
Americas
Europe
Asia Pacific
Middle East & Africa
Regional Analysis
By region, the concentrated photovoltaic market covers growth opportunities and latest trends across Middle East and Africa, Asia Pacific, Europe and Americas.
Of these, Asia Pacific will steer the market over the predicted years. This is owing to the regionCPV in the country.
The concentrated photovoltaic market in the Americas will have the second major share over the predicted years. The US is the fastest growing market followed by Mexico owing to strict regulations laid down by the government related to the utilization of restricted natural resources.
The concentrated photovoltaic market in the Middle East and Africa will have a major share over the predicted years. Growing need for electricity, plenty of sunlight and dropping price of CPV are the key factors that is propelling the market growth. Morocco, Lebanon, South Africa and Saudi Arabia are the key contributors in this region.
Scope of the Report
This study provides an overview of the global concentrated photovoltaic (CPV) market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for Americas, Europe, Asia Pacific (APAC) and Middle East & Africa. The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global concentrated photovoltaic (CPV) market by its grid connectivity, axis and region.
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