Global Solar Concentrated Photovoltaic Market 2014-2018

2014-06-20
Price :
Published : Jun-2014
No. of Pages : 84

A solar CPV system concentrates sunlight on solar cells with the help of an optical device, increasing the efficiency of photovoltaic cells that convert energy from sunlight directly into electricity. The optics used concentrates the sunlight by a factor of 500 to 1,000 and focuses it on the solar cells, which are reduced to a small fraction of the CPV module. This helps in the cost-efficient use of highly efficient multi-junction solar cells. Solar CPV requires a high level of radiation concentration to increase its output and solar trackers help to monitor the sun’s rays during the day so as to focus the sunlight falling over a huge area onto a small set of PV cells. Solar CPV is gaining competitiveness in areas with high direct normal irradiation (DNI). The solar CPV installations are increasing in countries such as Spain, the US, Australia, China, and India, which receive high solar radiation. Solar CPV is a relatively immature technology compared to other PV technologies and an increase in concentration and efficiency will lead to its LCOE (Levelized Cost of Electricity) reduction. It is expected to gain lower LCOE than PV technologies in the forecast period. Moreover, lower land requirements for solar CPV provide an advantage compared to PV.

TechNavio’s analysts forecast the Global Solar CPV market will grow at a CAGR of 34.1 percent over the period 2013-2018.

Covered in this Report

The Global Solar CPV market can be segmented into three divisions: High Concentrated Photovoltaic, Medium Concentrated Photovoltaic and Low Concentrated Photovoltaic. This division is based upon the degree of concentration of CPV systems.

TechNavio’s report, the Global Solar Concentrated Photovoltaic Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Solar CPV market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Key Regions

  • Americas
  • EMEA
  • APAC

Key Vendors

  • Abegoa Solar
  • Amonix Inc.
  • Arima EcoEnergy
  • Emcore Corp.
  • Soitec SA

Other Prominent Vendors

  • C Power SRL
  • Circadian Solar
  • Cool Earth Solar
  • ES System
  • Everphoton Energy Corporation, Inc.
  • Green and Gold Energy Pty., Ltd.
  • Guascor Foton
  • Heliotrop
  • JX Crystals
  • Opel International Inc.
  • Pacific Solar Tech Inc.
  • Prism Solar Technologies, Inc.
  • Pyron Solar
  • Semprius
  • Silicon CPV Plc
  • Sol 3G
  • Solar System Pty
  • Solar Tec International AG
  • Sunrgi
  • Suncore Photovoltaic Technology Company Limited
  • Whitfield Solar
  • Zytech Solar

Key Market Driver

  • Falling Average Installation Prices
  • For a full, detailed list, view our report

Key Market Challenge

  • Lack of Standardization
  • For a full, detailed list, view our report

Key Market Trend

  • Increasing Efficiency of CPV Systems
  • For a full, detailed list, view our report

Key Questions Answered in this Report

  • What will the market size be in 2018 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?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?
Filed in: Energy & Power
Publisher : Technavio
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