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Global Concentrated Photovoltaic Systems Market 2018-2022

Global Concentrated Photovoltaic Systems Market 2018-2022

About Concentrated Photovoltaic Systems

Concentrated photovoltaic (CPV) is a solar photovoltaic technology that uses lenses or mirrors to focus and concentrate sunlight onto a relatively small area of a photovoltaic cell to generate electricity from sunlight.

Technavio’s analysts forecast the global concentrated photovoltaic systems market to grow at a CAGR of 11.63% during the period 2018-2022.

Covered in this report

The report covers the present scenario and the growth prospects of the global concentrated photovoltaic systems market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA


Technavio's report, Global Concentrated Photovoltaic Systems Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Arzon Solar
  • BSQ Solar
  • Guangdong Redsolar Photovoltaic Technology
  • Magpower
  • Saint-Augustin Canada Electric
  • San’an Optoelectronics
Market driver
  • Advantages of CPV systems
  • For a full, detailed list, view our report
Market challenge
  • Declining cost of solar PV modules
  • For a full, detailed list, view our report
Market trend
  • Rising patent filings
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2022 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?


Press Release

Technavio Announces the Publication of its Research Report – Global Concentrated Photovoltaic Systems Market 2018-2022

Technavio recognizes the following companies as the key players in the global concentrated photovoltaic systems market: Arzon Solar, BSQ Solar, Guangdong Redsolar Photovoltaic Technology, Magpower, Saint-Augustin Canada Electric, and San’an Optoelectronics.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is rising patent filings. The global concentrated photovoltaic systems market has witnessed increased expenditure by vendors on R&D activities, leading to product innovation and rise in conversion efficiency. The increased investment in renewables worldwide, especially solar and wind, is expected drive the global concentrated photovoltaic systems market. The market is expected to witness the development of products during the forecast period.”

According to the report, one driver in the market is advantages of CPV systems. CPV systems generate approximately two to three times more energy per module area than solar PV systems. The CPV technology is best suited for very sunny, desert-like locations with high solar irradiation. These are similar to solar PV as both employ solar cells that convert sunlight into electricity.

Further, the report states that one challenge in the market is declining cost of solar PV modules. Though CPV systems offer many advantages over flat panel solar PV systems, one of the major challenges for the CPV technology is the decline in solar PV module prices. This has caused many CPV manufacturing companies to enter bankruptcy, or be acquired by larger firms, or shift to manufacturing of solar PV modules. This has made the solar PV market regain focus.

Companies Mentioned

Arzon Solar, BSQ Solar, Guangdong Redsolar Photovoltaic Technology, Magpower, Saint-Augustin Canada Electric, and San’an Optoelectronics.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Market landscape
    • Market ecosystem
      • Table Global solar energy
      • Table Segmentation of global solar energy market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2017
      • Table Market size 2017
      • Table Validation techniques employed for market sizing 2017
    • Market size and forecast 2017-2022
      • Table Global concentrated photovoltaic systems market - Market size and forecast 2017-2022 ($ millions)
      • Table Global concentrated photovoltaic systems market - Year-over-year growth 2018-2022 (%)
  • Five forces analysis
    • Table Five forces analysis 2017
    • Table Five forces analysis 2022
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2017
  • Market segmentation by technology
    • Segmentation by technology
      • Table Technology - Market share 2017-2022 (%)
    • Comparison by technology
      • Table Comparison by technology
    • HCPV - Market size and forecast 2017-2022
      • Table HCPV - Market size and forecast 2017-2022 ($ millions)
      • Table HCPV - Year-over-year growth 2018-2022 (%)
    • LCPV - Market size and forecast 2017-2022
      • Table LCPV - Market size and forecast 2017-2022 ($ millions)
      • Table LCPV - Year-over-year growth 2018-2022 (%)
    • Market opportunity by technology
      • Table Market opportunity by technology
  • Customer landscape
    • Table Customer landscape
  • Regional landscape
    • Geographical segmentation
      • Table Regional - Market share by geography 2017-2022 (%)
    • Regional comparison
      • Table Regional comparison
    • APAC - Market size and forecast 2017-2022
      • Table APAC - Market size and forecast 2017-2022 ($ millions)
      • Table APAC - Year-over-year growth 2018-2022 (%)
    • EMEA - Market size and forecast 2017-2022
      • Table EMEA - Market size and forecast 2017-2022 ($ millions)
      • Table EMEA - Year-over-year growth 2018-2022 (%)
    • Americas - Market size and forecast 2017-2022
      • Table Americas - Market size and forecast 2017-2022 ($ millions)
      • Table Americas - Year-over-year growth 2018-2022 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global investment in renewable energy 2000-2016 ($ billions)
      • Table State incentives for the adoption of CPV systems in the US 2014
    • Market challenges
      • Table Indexed cost of solar PV system 2010-2017 (%)
      • Table Energy consumption from renewable sources in US 2010-2016 (trillion Btu)
      • Table Global crude oil price 2011-2016 ($/bbl.)
  • Market trends
    • Rising patent filings
      • Table Patent filing in global concentrated photovoltaic systems market 2012-2017
    • Hybrid CPV systems
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Arzon Solar
      • Table Arzon Solar overview
      • Table Arzon Solar - Business segments
      • Table Arzon Solar - Organizational developments
      • Table Arzon Solar - Geographic focus
      • Table Arzon Solar - Segment focus
      • Table Arzon Solar - Key offerings
    • BSQ Solar
      • Table BSQ Solar overview
      • Table BSQ Solar - Business segments
      • Table BSQ Solar - Organizational developments
      • Table BSQ Solar - Geographic focus
      • Table BSQ Solar - Segment focus
      • Table BSQ Solar - Key offerings
    • Guangdong Redsolar Photovoltaic Technology
      • Table Guangdong Redsolar Photovoltaic Technology overview
      • Table Guangdong Redsolar Photovoltaic Technology - Business segments
      • Table Guangdong Redsolar Photovoltaic Technology - Organizational developments
      • Table Guangdong Redsolar Photovoltaic Technology - Geographic focus
      • Table Guangdong Redsolar Photovoltaic Technology - Segment focus
      • Table Guangdong Redsolar Photovoltaic Technology - Key offerings
    • Magpower
      • Table Magpower overview
      • Table Magpower- Business segments
      • Table Magpower- Organizational developments
      • Table Magpower- Geographic focus
      • Table Magpower- Segment focus
      • Table Magpower- Key offerings
    • Saint-Augustin Canada Electric
      • Table Saint-Augustin Canada Electric overview
      • Table Saint-Augustin Canada Electric - Business segments
      • Table Saint-Augustin Canada Electric - Organizational developments
      • Table Saint-Augustin Canada Electric - Geographic focus
      • Table Saint-Augustin Canada Electric - Segment focus
      • Table Saint-Augustin Canada Electric - Key offerings
    • San'an Optoelectronics
      • Table San'an Optoelectronics overview
      • Table San'an Optoelectronics - Business segments
      • Table San'an Optoelectronics - Organizational developments
      • Table San'an Optoelectronics - Geographic focus
      • Table San'an Optoelectronics - Segment focus
      • Table San'an Optoelectronics - Key offerings
  • Appendix
    • List of abbreviations
  • Explore Technavio

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