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Concentrated Photovoltaic Market Growth, Size, Share and Forecast

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According to Stratistics MRC, the Global Concentrated Photovoltaic Market is accounted for $0.89 billion in 2015 and is expected to reach $2.35 billion by 2022 growing at a CAGR of 14.7% during the forecast period.
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Concentrated Photovoltaic Market Size, Share, Global Insights,
Analysis and Outlook, Emerging Trends and Research Report by
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According to Stratistics MRC, the Global Concentrated Photovoltaic Market is accounted for $0.89
billion in 2015 and is expected to reach $2.35 billion by 2022 growing at a CAGR of 14.7% during the
forecast period. Financial incentives, technology cost reductions and government renewable targets
are some of the factors fostering the market growth. With around 90% of the total share, HCPV
segment commanded the global market. It is anticipated to observe a robust growth owing to the
improved dedicated approach on the part of the industry for enhanced efficiency output. Commercial
segment is anticipated to grow at a faster pace owing to rising power demand from residential buildings
particularly in developing economies such as India, China, South Korea, and Vietnam. Asia Pacific is
anticipated to witness the fastest growth over the forecast period owing to rapid industrialization
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Some of the key players in the market include Solar Junction, Zytech Solar, Isofoton S.A., Semprius
Inc, Amonix, Sunpower Corporation, Ravano Green Powers, Solarsystem, Magpower, Suncore
Photovoltaic Technology Co. Ltd. and Soitec.
Concentrated Levels Covered:7
Low Concentrated Photovoltaic
High Concentrated Photovoltaic
Medium Concentrated Photovoltaic
Technologies Covered:
Refractor
Luminescent Concentrators
Fresnel Lens
Reflector
Parabolic Mirror
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Components Covered:
Modules
Trackers
Cells
Optics
Applications Covered:
Commercial
Utility-Scale
Other Applications
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What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the
regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities,
and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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Connect for more details:
Sam Collins
Market Reports Center
1-646-883-3044 (US)
[email protected]
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