Concentrated Photovoltaic - Global Market Outlook (2015-2022)
Concentrated Photovoltaic Market, 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.
(EMAILWIRE.COM, October 05, 2018 ) Rapid decrease in the price of conventional PV modules has resulted in increased demand for CPV and other silicon-based solar technologies. Moreover, CPV requires a relatively smaller area for installation, which, in turn, is anticipated to boost its demand in the near future. Solar technology is chiefly deployed in areas with direct sunlight. The industry is still at a nascent stage, owing to which, it is mostly used for special purposes. Performance, cost, reliability, and trade-offs are major factors taken into consideration by manufacturers in the global market for concentrated photovoltaic.
CPV technology is yet to gain worldwide acceptance and manufacturers are constantly engaged in developing new modules with improved efficiency. Growing popularity of PV has overshadowed the efficiency and advantages of CPV. However, the technology shows great promise owing to its scalability and efficiency.
Top key players in global Concentrated Photovoltaic market are -
Solar Junction, Zytech Solar, Isofoton S.A., Semprius Inc, Amonix, Sunpower Corporation, Ravano Green Powers, Solarsystem, Magpower, Suncore Photovoltaic Technology Co. Ltd. and Soitec.
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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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Concentrated Levels Covered:7
-Low Concentrated Photovoltaic
-High Concentrated Photovoltaic
-Medium Concentrated Photovoltaic
Technologies Covered:
-Refractor
-Luminescent Concentrators
-Fresnel Lens
-Reflector
-Parabolic Mirror
Components Covered:
-Modules
-Trackers
-Cells
-Optics
Applications Covered:
-Commercial
-Utility-Scale
-Other Applications
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CPV technology is yet to gain worldwide acceptance and manufacturers are constantly engaged in developing new modules with improved efficiency. Growing popularity of PV has overshadowed the efficiency and advantages of CPV. However, the technology shows great promise owing to its scalability and efficiency.
Top key players in global Concentrated Photovoltaic market are -
Solar Junction, Zytech Solar, Isofoton S.A., Semprius Inc, Amonix, Sunpower Corporation, Ravano Green Powers, Solarsystem, Magpower, Suncore Photovoltaic Technology Co. Ltd. and Soitec.
Request sample copy at: https://www.reportsweb.com/inquiry&RW0001322795/sample
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.
Have any query? Enquire about report at: https://www.reportsweb.com/inquiry&RW0001322795/buying
Concentrated Levels Covered:7
-Low Concentrated Photovoltaic
-High Concentrated Photovoltaic
-Medium Concentrated Photovoltaic
Technologies Covered:
-Refractor
-Luminescent Concentrators
-Fresnel Lens
-Reflector
-Parabolic Mirror
Components Covered:
-Modules
-Trackers
-Cells
-Optics
Applications Covered:
-Commercial
-Utility-Scale
-Other Applications
Get more information at: https://www.reportsweb.com/inquiry&RW0001322795/discount
Contact Information:
ReportsWeb.com
Rajat Sahni
Tel: +1-646-491-9876
Email us
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ReportsWeb.com
Rajat Sahni
Tel: +1-646-491-9876
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results