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Concentrated Photovoltaic Systems-Global Market Insights and Sales Trends 2024
Synopsis
Concentrated photovoltaic systems (also known as concentration photovoltaics) 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.
The global Concentrated Photovoltaic Systems market size is expected to reach US$ 1189 million by 2029, growing at a CAGR of 4.6% from 2023 to 2029. The market is mainly driven by the significant applications of Concentrated Photovoltaic Systems in various end use industries. The expanding demands from the Residential Sector, Industrial Sector and Others,, are propelling Concentrated Photovoltaic Systems market. High Concentrated Photovoltaic (HCPV), one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Low Concentrated Photovoltaic (LCPV) segment is estimated at % CAGR for the next seven-year period.
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.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Concentrated Photovoltaic Systems, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Concentrated Photovoltaic Systems market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Concentrated Photovoltaic Systems market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Concentrated Photovoltaic Systems sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Concentrated Photovoltaic Systems covered in this report include Arzon Solar, BSQ Solar, Guangdong Redsolar Photovoltaic Technology, Magpower, Saint-Augustin Canada Electric and San'an Optoelectronics Co., Ltd, etc.
The global Concentrated Photovoltaic Systems market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Arzon Solar
BSQ Solar
Guangdong Redsolar Photovoltaic Technology
Magpower
Saint-Augustin Canada Electric
San'an Optoelectronics Co., Ltd
Global Concentrated Photovoltaic Systems market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Concentrated Photovoltaic Systems market, Segment by Type:
High Concentrated Photovoltaic (HCPV)
Low Concentrated Photovoltaic (LCPV)
Global Concentrated Photovoltaic Systems market, by Application
Residential Sector
Industrial Sector
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Concentrated Photovoltaic Systems manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Concentrated Photovoltaic Systems in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Concentrated photovoltaic systems (also known as concentration photovoltaics) 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.
The global Concentrated Photovoltaic Systems market size is expected to reach US$ 1189 million by 2029, growing at a CAGR of 4.6% from 2023 to 2029. The market is mainly driven by the significant applications of Concentrated Photovoltaic Systems in various end use industries. The expanding demands from the Residential Sector, Industrial Sector and Others,, are propelling Concentrated Photovoltaic Systems market. High Concentrated Photovoltaic (HCPV), one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Low Concentrated Photovoltaic (LCPV) segment is estimated at % CAGR for the next seven-year period.
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.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Concentrated Photovoltaic Systems, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Concentrated Photovoltaic Systems market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Concentrated Photovoltaic Systems market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Concentrated Photovoltaic Systems sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Concentrated Photovoltaic Systems covered in this report include Arzon Solar, BSQ Solar, Guangdong Redsolar Photovoltaic Technology, Magpower, Saint-Augustin Canada Electric and San'an Optoelectronics Co., Ltd, etc.
The global Concentrated Photovoltaic Systems market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Arzon Solar
BSQ Solar
Guangdong Redsolar Photovoltaic Technology
Magpower
Saint-Augustin Canada Electric
San'an Optoelectronics Co., Ltd
Global Concentrated Photovoltaic Systems market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Concentrated Photovoltaic Systems market, Segment by Type:
High Concentrated Photovoltaic (HCPV)
Low Concentrated Photovoltaic (LCPV)
Global Concentrated Photovoltaic Systems market, by Application
Residential Sector
Industrial Sector
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Concentrated Photovoltaic Systems manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Concentrated Photovoltaic Systems in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Concentrated Photovoltaic Systems Market Overview
1.1 Concentrated Photovoltaic Systems Product Overview
1.2 Concentrated Photovoltaic Systems Market Segment by Type
1.2.1 High Concentrated Photovoltaic (HCPV)
1.2.2 Low Concentrated Photovoltaic (LCPV)
1.3 Global Concentrated Photovoltaic Systems Market Size by Type
1.3.1 Global Concentrated Photovoltaic Systems Market Size Overview by Type (2018-2029)
1.3.2 Global Concentrated Photovoltaic Systems Historic Market Size Review by Type (2018-2023)
1.3.3 Global Concentrated Photovoltaic Systems Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Concentrated Photovoltaic Systems Sales Breakdown by Type (2018-2023)
1.4.2 Europe Concentrated Photovoltaic Systems Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Concentrated Photovoltaic Systems Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Concentrated Photovoltaic Systems Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Concentrated Photovoltaic Systems Sales Breakdown by Type (2018-2023)
2 Global Concentrated Photovoltaic Systems Market Competition by Company
2.1 Global Top Players by Concentrated Photovoltaic Systems Sales (2018-2023)
2.2 Global Top Players by Concentrated Photovoltaic Systems Revenue (2018-2023)
2.3 Global Top Players by Concentrated Photovoltaic Systems Price (2018-2023)
2.4 Global Top Manufacturers Concentrated Photovoltaic Systems Manufacturing Base Distribution, Sales Area, Product Type
2.5 Concentrated Photovoltaic Systems Market Competitive Situation and Trends
2.5.1 Concentrated Photovoltaic Systems Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Concentrated Photovoltaic Systems Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Concentrated Photovoltaic Systems as of 2022)
2.7 Date of Key Manufacturers Enter into Concentrated Photovoltaic Systems Market
2.8 Key Manufacturers Concentrated Photovoltaic Systems Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Concentrated Photovoltaic Systems Status and Outlook by Region
3.1 Global Concentrated Photovoltaic Systems Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Concentrated Photovoltaic Systems Historic Market Size by Region
3.2.1 Global Concentrated Photovoltaic Systems Sales in Volume by Region (2018-2023)
3.2.2 Global Concentrated Photovoltaic Systems Sales in Value by Region (2018-2023)
3.2.3 Global Concentrated Photovoltaic Systems Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Concentrated Photovoltaic Systems Forecasted Market Size by Region
3.3.1 Global Concentrated Photovoltaic Systems Sales in Volume by Region (2024-2029)
3.3.2 Global Concentrated Photovoltaic Systems Sales in Value by Region (2024-2029)
3.3.3 Global Concentrated Photovoltaic Systems Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Concentrated Photovoltaic Systems by Application
4.1 Concentrated Photovoltaic Systems Market Segment by Application
4.1.1 Residential Sector
4.1.2 Industrial Sector
4.1.3 Others
4.2 Global Concentrated Photovoltaic Systems Market Size by Application
4.2.1 Global Concentrated Photovoltaic Systems Market Size Overview by Application (2018-2029)
4.2.2 Global Concentrated Photovoltaic Systems Historic Market Size Review by Application (2018-2023)
4.2.3 Global Concentrated Photovoltaic Systems Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Concentrated Photovoltaic Systems Sales Breakdown by Application (2018-2023)
4.3.2 Europe Concentrated Photovoltaic Systems Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Concentrated Photovoltaic Systems Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Concentrated Photovoltaic Systems Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Concentrated Photovoltaic Systems Sales Breakdown by Application (2018-2023)
5 North America Concentrated Photovoltaic Systems by Country
5.1 North America Concentrated Photovoltaic Systems Historic Market Size by Country
5.1.1 North America Concentrated Photovoltaic Systems Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Concentrated Photovoltaic Systems Sales in Volume by Country (2018-2023)
5.1.3 North America Concentrated Photovoltaic Systems Sales in Value by Country (2018-2023)
5.2 North America Concentrated Photovoltaic Systems Forecasted Market Size by Country
5.2.1 North America Concentrated Photovoltaic Systems Sales in Volume by Country (2024-2029)
5.2.2 North America Concentrated Photovoltaic Systems Sales in Value by Country (2024-2029)
6 Europe Concentrated Photovoltaic Systems by Country
6.1 Europe Concentrated Photovoltaic Systems Historic Market Size by Country
6.1.1 Europe Concentrated Photovoltaic Systems Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Concentrated Photovoltaic Systems Sales in Volume by Country (2018-2023)
6.1.3 Europe Concentrated Photovoltaic Systems Sales in Value by Country (2018-2023)
6.2 Europe Concentrated Photovoltaic Systems Forecasted Market Size by Country
6.2.1 Europe Concentrated Photovoltaic Systems Sales in Volume by Country (2024-2029)
6.2.2 Europe Concentrated Photovoltaic Systems Sales in Value by Country (2024-2029)
7 Asia-Pacific Concentrated Photovoltaic Systems by Region
7.1 Asia-Pacific Concentrated Photovoltaic Systems Historic Market Size by Region
7.1.1 Asia-Pacific Concentrated Photovoltaic Systems Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Concentrated Photovoltaic Systems Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Concentrated Photovoltaic Systems Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Concentrated Photovoltaic Systems Forecasted Market Size by Region
7.2.1 Asia-Pacific Concentrated Photovoltaic Systems Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Concentrated Photovoltaic Systems Sales in Value by Region (2024-2029)
8 Latin America Concentrated Photovoltaic Systems by Country
8.1 Latin America Concentrated Photovoltaic Systems Historic Market Size by Country
8.1.1 Latin America Concentrated Photovoltaic Systems Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Concentrated Photovoltaic Systems Sales in Volume by Country (2018-2023)
8.1.3 Latin America Concentrated Photovoltaic Systems Sales in Value by Country (2018-2023)
8.2 Latin America Concentrated Photovoltaic Systems Forecasted Market Size by Country
8.2.1 Latin America Concentrated Photovoltaic Systems Sales in Volume by Country (2024-2029)
8.2.2 Latin America Concentrated Photovoltaic Systems Sales in Value by Country (2024-2029)
9 Middle East and Africa Concentrated Photovoltaic Systems by Country
9.1 Middle East and Africa Concentrated Photovoltaic Systems Historic Market Size by Country
9.1.1 Middle East and Africa Concentrated Photovoltaic Systems Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Concentrated Photovoltaic Systems Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Concentrated Photovoltaic Systems Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Concentrated Photovoltaic Systems Forecasted Market Size by Country
9.2.1 Middle East and Africa Concentrated Photovoltaic Systems Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Concentrated Photovoltaic Systems Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Arzon Solar
10.1.1 Arzon Solar Company Information
10.1.2 Arzon Solar Introduction and Business Overview
10.1.3 Arzon Solar Concentrated Photovoltaic Systems Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Arzon Solar Concentrated Photovoltaic Systems Products Offered
10.1.5 Arzon Solar Recent Development
10.2 BSQ Solar
10.2.1 BSQ Solar Company Information
10.2.2 BSQ Solar Introduction and Business Overview
10.2.3 BSQ Solar Concentrated Photovoltaic Systems Sales, Revenue and Gross Margin (2018-2023)
10.2.4 BSQ Solar Concentrated Photovoltaic Systems Products Offered
10.2.5 BSQ Solar Recent Development
10.3 Guangdong Redsolar Photovoltaic Technology
10.3.1 Guangdong Redsolar Photovoltaic Technology Company Information
10.3.2 Guangdong Redsolar Photovoltaic Technology Introduction and Business Overview
10.3.3 Guangdong Redsolar Photovoltaic Technology Concentrated Photovoltaic Systems Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Guangdong Redsolar Photovoltaic Technology Concentrated Photovoltaic Systems Products Offered
10.3.5 Guangdong Redsolar Photovoltaic Technology Recent Development
10.4 Magpower
10.4.1 Magpower Company Information
10.4.2 Magpower Introduction and Business Overview
10.4.3 Magpower Concentrated Photovoltaic Systems Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Magpower Concentrated Photovoltaic Systems Products Offered
10.4.5 Magpower Recent Development
10.5 Saint-Augustin Canada Electric
10.5.1 Saint-Augustin Canada Electric Company Information
10.5.2 Saint-Augustin Canada Electric Introduction and Business Overview
10.5.3 Saint-Augustin Canada Electric Concentrated Photovoltaic Systems Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Saint-Augustin Canada Electric Concentrated Photovoltaic Systems Products Offered
10.5.5 Saint-Augustin Canada Electric Recent Development
10.6 San'an Optoelectronics Co., Ltd
10.6.1 San'an Optoelectronics Co., Ltd Company Information
10.6.2 San'an Optoelectronics Co., Ltd Introduction and Business Overview
10.6.3 San'an Optoelectronics Co., Ltd Concentrated Photovoltaic Systems Sales, Revenue and Gross Margin (2018-2023)
10.6.4 San'an Optoelectronics Co., Ltd Concentrated Photovoltaic Systems Products Offered
10.6.5 San'an Optoelectronics Co., Ltd Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Concentrated Photovoltaic Systems Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Concentrated Photovoltaic Systems Industrial Chain Analysis
11.4 Concentrated Photovoltaic Systems Market Dynamics
11.4.1 Concentrated Photovoltaic Systems Industry Trends
11.4.2 Concentrated Photovoltaic Systems Market Drivers
11.4.3 Concentrated Photovoltaic Systems Market Challenges
11.4.4 Concentrated Photovoltaic Systems Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Concentrated Photovoltaic Systems Distributors
12.3 Concentrated Photovoltaic Systems Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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