Global Concentrated Photovoltaic Market - CPV Industry Analysis 2023

1. Global Concentrated Photovoltaic Market CPV Industry Analysis 2023

2. Summary A Concentrator Photovoltaic (CPV) system In 2015, a new world record was set for transforms light energy into electrical global investment in renewable energy energy in the similar way the conventional with a total investment of USD 285.9 photovoltaic technology does. billion. (UN Environmental Programme). The optical components, which are also In 2015, Soitec demonstrated a CPV known as optical concentrators, are module efficiency of 38.9 % at manufactured to harvest sunlight from a Concentrator Standard Test Conditions broad area of incidence and concentrate it (CSTC), and efficiencies of commercially directly onto a small area covered by the available CPV modules exceed 30%. photovoltaic (PV) cells.

3. Key Players Global Concentrator Photovoltaic Radical Sun Systems, Inc. (U.S.), SolAero Technologies Corp. (U.S.), Arzon Solar LLC. (U.S.), Cool Earth Solar (U.S.), Morgan Solar Inc. (Canada), ARIMA Group (Taiwan), Suncore Photovoltaic Technology Company Limited (China), Guangdong Redsolar Photovoltaic Technology Co. Ltd (China), Sumitomo Electric Industries, Ltd. (Japan), Saint-Augustin Canada Electric Inc. (STACE) (Canada), Sanan Optoelectronics Technology Co., Ltd (China), Suntrix Company Ltd (China), Macsun Solar Energy Technology Co., Ltd. (China), and others.

4. Target Audience • Manufactures • Raw materials suppliers • Aftermarket suppliers • Research Institute & education institute • Potential investors • Key executive (CEO and COO) and strategy growth manager

5. Global Concentrated Photovoltaic Market - CPV Industry Analysis 2023

6. Key Findings • Global concentrator photovoltaic (CPV) • By application, utility segment market is expected to reach USD accounted for the market value of 2,710.6 million by 2023 USD 868.8 million in 2016 and is projected to grow at a CAGR of • By type, high concentrated photovoltaic 11.70% during the forecast period (HCPV) segment dominated the global concentrator photovoltaic (CPV) market • Geographically, Asia Pacific is with 93.14% of share in 2016, in terms of projected to hold the largest share value. It is expected to show the highest of the global concentrator growth at a CAGR of 11.63% during the photovoltaic (CPV) market with a forecast period share of 52.55%.

7. C o v e r s Country-level A n a l y s i s • Americas • Asia Pacific o U.S. o China o Mexico o Taiwan o Rest of Americas o Australia • Europe o Rest of Asia Pacific o Spain • Middle East & Africa o Italy o Middle East o France o Africa o Portugal o Rest of Europe

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