Global Concentrated Photovoltaic (CPV) Market Growth 2023-2029

Global Concentrated Photovoltaic (CPV) Market Growth 2023-2029

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.

LPI (LP Information)' newest research report, the “Concentrated Photovoltaic (CPV) Industry Forecast” looks at past sales and reviews total world Concentrated Photovoltaic (CPV) sales in 2022, providing a comprehensive analysis by region and market sector of projected Concentrated Photovoltaic (CPV) sales for 2023 through 2029. With Concentrated Photovoltaic (CPV) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Concentrated Photovoltaic (CPV) industry.

This Insight Report provides a comprehensive analysis of the global Concentrated Photovoltaic (CPV) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Concentrated Photovoltaic (CPV) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Concentrated Photovoltaic (CPV) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Concentrated Photovoltaic (CPV) and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Concentrated Photovoltaic (CPV).

The global Concentrated Photovoltaic (CPV) market size is projected to grow from US$ 852.7 million in 2022 to US$ 1346.4 million in 2029; it is expected to grow at a CAGR of 1346.4 from 2023 to 2029.

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 presents a comprehensive overview, market shares, and growth opportunities of Concentrated Photovoltaic (CPV) market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

LCPV

HCPV

Segmentation by application

Commercial

Utility-Scale

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Arzon Solar (Amonix)

Isofoton S.A.

Magpower

Semprius Inc.

Soitec

Solar Junction

Silex

Suncore Photovoltaic

Sunpower Corporation

Zytech Solar

SolFocus

Key Questions Addressed in this Report

What is the 10-year outlook for the global Concentrated Photovoltaic (CPV) market?

What factors are driving Concentrated Photovoltaic (CPV) market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Concentrated Photovoltaic (CPV) market opportunities vary by end market size?

How does Concentrated Photovoltaic (CPV) break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.