Energy and Power

Global Solar Concentrated Photovoltaic Market 2014-2018

  • TEC17977
  • 84 Pages
  • June 2014
  • Energy and Power
About Solar Concentrated Photovoltaics
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?

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