openPR Logo
Press release

Concentrated Photovoltaic (CPV) Market Size to Grow at a CAGR of 11.56% till 2023 by analyzing Global Leaders - Radical Sun Systems, SolAero Technologies Corp., Arzon Solar LLC., Morgan Solar Inc., ARIMA Group, Suncore Photovoltaic Technology

02-25-2019 08:23 AM CET | Energy & Environment

Press release from: Market Research Future

Concentrated Photovoltaic (CPV) Market

Concentrated Photovoltaic (CPV) Market

Global Concentrated Photovoltaic (CPV) Market is expected to reach USD 2,710.6 Million by 2023 at a CAGR of 11.56%. A concentrated photovoltaic (CPV) is a technology that transforms the sunlight into electrical energy in the same way the conventional photovoltaic technology does. The optical concentrators, are used to harvest the sunlight from a widespread area and focus it directly onto a small area covered by PV cells. This helps increase the intensity of the light reaching the PV cells, and hence increases the amount of power the cells can produce. Growing investment in renewable energy, across the globe is the major factor driving the growth of the market. Increasing population, flourishing industries in emerging economies, and a rise in infrastructure development activities are all leading to an enormous rise in demand for electricity. This factor, along with the rise in stringent environment protection regulations across the globe, forces the power generation industry to shift to cleaner and environment-friendly energy resources.

Get Sample Copy @ https://www.marketresearchfuture.com/sample_request/5946

Prominent Players:
Radical Sun Systems, Inc. (U.S.), SolAero Technologies Corp. (U.S.), Arzon Solar LLC. (U.S.), Cool Earth Solar (U.S.), Morgan Solar Inc. (Canada), ARIMA Group (Taiwan), Suncore Photovoltaic Technology Company Limited (China), and Guangdong Redsolar Photovoltaic Technology Co. Ltd (China). Sumitomo Electric Industries, Ltd. (Japan), Saint-Augustin Canada Electric Inc. (STACE) (Canada), Sanan Optoelectronics Technology Co., Ltd (China), Suntrix Company Ltd (China), and Macsun Solar Energy Technology Co., Ltd. (China)

Industry News:
Saint-Augustin Canada Electric Inc. (STACE), a major supplier of large electrical equipment in the power generation industry announced the acquisition of Soitec’s Concentrated Photovoltaic (CPV) System technology. This acquisition helped the company increase their presence in the renewable industry and complete their offering in the solar energy market.

EnerTech signed a strategic investment and partnership agreement with Morgan Solar Inc. Under the agreement, EnerTech has planned to invest in MSI, and transferring solar concentrated photovoltaic technology to Kuwait and the Middle East region.

In December 2017 Silfab Solar Inc., has formed a joint venture with Morgan Solar Inc., to develop and produce a disruptive low-cost PV module, designed specifically for large commercial and utility-scale projects. This JV brings two of the most innovative and technologically innovative companies in the solar industry, to share their knowledge and experience to produce great quantities of high quality photovoltaic modules at internationally competitive costs.

Concentrated Photovoltaic (CPV) Market Segmental Analysis:
Global Concentrated Photovoltaic (CPV) Market, By Type
• High Concentrated Photovoltaic (HCPV)
• Low Concentrated Photovoltaic (LCPV)
Global Concentrated Photovoltaic (CPV) Market, By Application
• Commercial
• Utilities
Global Concentrated Photovoltaic (CPV) Market, By Region
• Americas
• Europe
• Asia Pacific
• Middle East & Africa

Access Full Research Report @ https://www.marketresearchfuture.com/reports/concentrated-photovoltaic-market-5946

Concentrated Photovoltaic (CPV) Regional Market Analysis:
On the basis of region, Asia Pacific region accounted for the largest market share of 52.55% in 2016, with a market value of USD 536.1 million and is projected to grow at CAGR of 11.84% during the forecast period. High demand for energy in the region due to growing population and rising disposable income among individuals are the major factors driving the growth of the CPV market. China, Taiwan, and Australia, are the major market in the Asia Pacific region. China is the most populated country as well as the largest producer of solar energy in the world. The China government aims at reducing carbon footprint. This also encourage CPV installations in the country. According to NERL, in 2016, the installed CPV capacity was reported to be 169.89 MW.

Americas was the second largest market & valued at USD 215.1 million in 2016. The U.S. is the major market in the region. It is the second largest market in terms of total installed capacity after China. According to the NERL, in 2016, the total installed CPV capacity was 67.27 MW. U.S. is one of the fastest growing market, mainly due to the strict government regulations pertaining to the use of limited natural resources. This increases the growth of renewable energy resources over the forecast period. Mexico is the second largest market in the region and is expected to grow at a CAGR of 10.41%.

Middle East & Africa is another major market for the concentrated photovoltaic (CPV). CPV systems work well in high heat regions. Dropping costs for Concentrated Photovoltaic coupled with plenty of sunlight and huge need for electricity in the region, create an opportunity for the CPV market in the region. Saudi Arabia, South Africa, Lebanon, and Morocco are the major markets in the region.

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Concentrated Photovoltaic (CPV) Market Size to Grow at a CAGR of 11.56% till 2023 by analyzing Global Leaders - Radical Sun Systems, SolAero Technologies Corp., Arzon Solar LLC., Morgan Solar Inc., ARIMA Group, Suncore Photovoltaic Technology here

News-ID: 1612893 • Views:

More Releases from Market Research Future

Glue Machine Market to Reach USD 14.9 Billion by 2035, Growing at 4.56% CAGR
Glue Machine Market to Reach USD 14.9 Billion by 2035, Growing at 4.56% CAGR
The Glue Machine Market is witnessing significant growth due to the increasing adoption of adhesive technologies across various industries, including packaging, woodworking, automotive, furniture, and construction. Valued at USD 9.15 billion in 2024, the market is projected to reach USD 14.9 billion by 2035, registering a CAGR of 4.56% between 2025 and 2035. Glue machines, also known as adhesive application machines, are critical for efficiently dispensing adhesives in industrial and commercial
Expansion Valves Market to Reach USD 5.39 Billion by 2035, Growing at 4.62% CAGR
Expansion Valves Market to Reach USD 5.39 Billion by 2035, Growing at 4.62% CAGR
The expansion valves market is witnessing steady growth due to increasing demand for efficient heating, ventilation, air conditioning, and refrigeration (HVACR) systems across residential, commercial, and industrial sectors. Valued at USD 3.28 billion in 2024, the market is projected to reach USD 5.39 billion by 2035, growing at a CAGR of 4.62% between 2025 and 2035. Expansion valves, also known as thermostatic expansion valves (TXVs) or electronic expansion valves (EEVs), are
Cheese Packaging Market to Reach USD 101.31 Billion by 2034, Growing at 3.50% CAGR
Cheese Packaging Market to Reach USD 101.31 Billion by 2034, Growing at 3.50% CA …
The Cheese Packaging Market is poised for steady growth over the next decade due to rising demand for dairy products, evolving consumer preferences, and increasing focus on food safety and sustainability. According to recent estimates, the market was valued at USD 71.87 billion in 2024 and is projected to reach USD 101.31 billion by 2034, growing at a compound annual growth rate (CAGR) of 3.50% between 2025 and 2034. Cheese packaging
Maritime Market to Reach USD 2,920 Billion by 2035, Growing at 2.69% CAGR
Maritime Market to Reach USD 2,920 Billion by 2035, Growing at 2.69% CAGR
The Maritime Market is a cornerstone of international trade, logistics, and economic connectivity, serving as the backbone of global commerce. Valued at USD 2,181.1 billion in 2024, the market is projected to expand to USD 2,920 billion by 2035, registering a steady CAGR of 2.69% between 2025 and 2035. Despite modest growth, the industry's scale and importance are unmatched, as more than 80% of global trade volume is carried by

All 5 Releases


More Releases for CPV

Concentrator Photovoltaic (CPV) Market is expected to register exponential growt …
According to the latest research report published by Market Data Forecast, the global concentrator photovoltaic (CPV) market size is estimated at USD 987.46 million in 2023 and is predicted to grow at a CAGR of 11.83% between 2023 and 2028. It is predicted to reach around USD 1931.39 million in 2029 during the foreseen period 2024-2029. Photovoltaic technology uses sun energy to create electricity is known as concentration photovoltaics (CPV) or
Concentrator Photovoltaic (CPV) Market Latest Trends and Analysis, Future Growth
Concentrated Photovoltaic (CPV) market is projected to register an average CAGR of 15.2% during the forecast period 2022-2030. Concentrated Photovoltaics (CPV) market growth analysis with a historical and prospective viewpoint for the cost, revenue, demands, and supply data as well as an industry overview (as applicable). The research also provides information on current technology advancements, platforms, as well as unique tools and approaches that will advance the Concentrated Photovoltaic (CPV)
Global Concentrated Photovoltaic (CPV) Market 2018
Press Release - 16 July 2018 Research and Development News -- . . Latest Update "Global Concentrated Photovoltaic (CPV) Market Research Report 2018" with Industries Survey | Global Current Growth and Future. ' ' This report studies the global Concentrated Photovoltaic (CPV) market status and forecast, categorizes the global Concentrated Photovoltaic (CPV) market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe,
Global CPV Solar Market Professional Survey Report 2017
Qyresearchreports include new market research report "Global CPV Solar Market Professional Survey Report 2017" to its huge collection of research reports. This report studies CPV Solar in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to 2016, and forecast to 2022. This report focuses on top manufacturers in global market, with production, price, revenue and
Research Report Explores Global Concentrated Photovoltaic (CPV) Sales Market 201 …
Global Concentrated Photovoltaic (CPV) Sales Market Report 2017 According to the cost of solar cells steadily are declining, Concentrated Photovoltaic (CPV) is facing great crisis. Because the industry is still in the leading stage of technology, a project need to raise a lot of money, what is more, industry gross margin is smaller. So, after 2013, there are large enterprises choose to close, exit, transfer business from Concentrated Photovoltaic (CPV). However,
United States Concentrated Photovoltaic (CPV) Market Report 2017
This report studies sales (consumption) of Concentrated Photovoltaic (CPV) in United States market, focuses on the top players, with sales, price, revenue and market share for each player, covering Amonix Isofoton S.A. Magpower Ravano Green Powers Semprius Inc. Soitec Solar Junction Solarsystem Suncore Photovoltaic Technology Co. Ltd. Sunpower Corporation Zytech Solar Request Sample Report Here: http://www.reportbazzar.com/request-sample/?pid=746698&ptitle=United+States+Concentrated+Photovoltaic+%28CPV%29+Market+Report+2017&req=Sample Market Segment by States, covering California Texas New York Florida Illinois Split by product types, with sales, revenue, price, market share and growth rate of each type, can be divided into High Concentrated