Global Concentrated Photovoltaic (CPV) Market Growth 2025-2031

The global Concentrated Photovoltaic (CPV) market size is predicted to grow from US$ 966 million in 2025 to US$ 1429 million in 2031; it is expected to grow at a CAGR of 6.7% from 2025 to 2031.

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.

LP Information, Inc. (LPI) ' newest research report, the “Concentrated Photovoltaic (CPV) Industry Forecast” looks at past sales and reviews total world Concentrated Photovoltaic (CPV) sales in 2024, providing a comprehensive analysis by region and market sector of projected Concentrated Photovoltaic (CPV) sales for 2025 through 2031. 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).

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.

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 analysing 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 by Type, by Application?

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