Global Concentrated Photovoltaic Systems Market 2022-2026

Global Concentrated Photovoltaic Systems Market 2022-2026

Technavio has been monitoring the concentrated photovoltaic systems market and it is poised to grow by $ 1.79 bn during 2022-2026 progressing at a CAGR of 10.4% during the forecast period. Our report on the concentrated photovoltaic systems market provides a holistic analysis, of market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the advantages of CPV systems, the rise in investments in renewable energy, and government support and incentives.

The concentrated photovoltaic systems market analysis includes technology segment and geographic landscape.

Technavio's concentrated photovoltaic systems market is segmented as below:

By Technology

• HPCV
• LPCV

By Geographical Landscape

• APAC
• North America
• Europe
• South America
• The Middle East and Africa

This study identifies the hybrid CPV systems as one of the prime reasons driving the concentrated photovoltaic systems market growth during the next few years. Also, increasing investments in renewable energy in APAC, and the development of solar cities and zero-energy buildings (ZEBs) will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the concentrated photovoltaic systems market covers the following areas:

• Concentrated photovoltaic systems market sizing
• Concentrated photovoltaic systems market forecast
• Concentrated photovoltaic systems market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading concentrated photovoltaic systems market vendors that include ARIMA Group, Arzon Solar LLC, BSQ Solar, Chiyoda Corp., Cool Earth Solar, Green Rhino Energy Ltd., Macsun Solar Energy Technology Co. Ltd., Ravano Green Powers, SAINT AUGUSTIN CANADA ELECTRIC INC., Sanan Optoelectronics Technology Co. Ltd., Siemens Energy AG, SOLARTRON ENERGY, Sumitomo Electric Industries Ltd., Valldoreix Greenpower S L U, WHITEFIELD SOLAR, and Zytech Solar. Also, the concentrated photovoltaic systems market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Companies Mentioned

Amazon.com Inc., Hachette Livre, Alphabet Inc., Apple Inc., Barnes and Noble Inc., Bertelsmann SE & Co. KGaA, Ebooks.com Pty Ltd., EBSCO Information Services, Informa Plc, McGraw Hill, News Corp., Pearson Plc, Rakuten Group Inc., UCL