Global Concentrated Photovoltaic (CPV) Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global Concentrated Photovoltaic (CPV) market size was valued at US$ 960 million in 2024 and is forecast to a readjusted size of USD 1470 million by 2031 with a CAGR of 6.3% during review period.

Concentrated Photovoltaic (CPV) is a photovoltaic technology that generates electricity from sunlight. Contrary to conventional photovoltaic systems, it uses lenses and curved mirrors to focus sunlight onto small, but highly efficient, multi-junction (MJ) solar cells. In addition, CPV systems often use solar trackers and sometimes a cooling system to further increase their efficiency. Ongoing research and development is rapidly improving their competitiveness in the utility-scale segment and in areas of high insolation. This sort of solar technology can be thus used in smaller areas.

Arzon Solar (Amonix), Magpower, Semprius Inc., Suncore Photovoltaic, Sunpower Corporation and Zytech Solar are the key manufacturters of Concentrated Photovoltaic (CPV), with about 12% market shares.

This report is a detailed and comprehensive analysis for global Concentrated Photovoltaic (CPV) market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

Key Features:

Global Concentrated Photovoltaic (CPV) market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2020-2031

Global Concentrated Photovoltaic (CPV) market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2020-2031

Global Concentrated Photovoltaic (CPV) market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2020-2031

Global Concentrated Photovoltaic (CPV) market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (USD/Unit), 2020-2025

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Concentrated Photovoltaic (CPV)

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Concentrated Photovoltaic (CPV) market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Arzon Solar (Amonix), Isofoton S.A., Magpower, Semprius Inc., Soitec, Solar Junction, Silex, Suncore Photovoltaic, Sunpower Corporation, Zytech Solar, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Concentrated Photovoltaic (CPV) market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
LCPV
HCPV

Market segment by Application
Commercial
Utility-Scale
Others

Major players covered
Arzon Solar (Amonix)
Isofoton S.A.
Magpower
Semprius Inc.
Soitec
Solar Junction
Silex
Suncore Photovoltaic
Sunpower Corporation
Zytech Solar
SolFocus

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Concentrated Photovoltaic (CPV) product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Concentrated Photovoltaic (CPV), with price, sales quantity, revenue, and global market share of Concentrated Photovoltaic (CPV) from 2020 to 2025.

Chapter 3, the Concentrated Photovoltaic (CPV) competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Concentrated Photovoltaic (CPV) breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Concentrated Photovoltaic (CPV) market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Concentrated Photovoltaic (CPV).

Chapter 14 and 15, to describe Concentrated Photovoltaic (CPV) sales channel, distributors, customers, research findings and conclusion.