Description
A Concentrator Photovoltaic (CPV) system transforms light energy into electrical energy in the similar way the conventional photovoltaic technology does. The optical components, which are also known as optical concentrators, are manufactured to harvest sunlight from a broad area of incidence and concentrate it directly onto a small area covered by the photovoltaic (PV) cells. This phenomenon vitalizes the intensity of the incident sunlight reaching the PV cells, which in turn, increase the amount of the power the cells can generate.
In 2015, a new world record was set for global investment in renewable energy with a total investment of USD 285.9 billion. (UN Environmental Programme). The current and future planned investment in renewable energy is expected to lead the solar industry. Solar electricity in most of the developed economies is competitive with conventional energy sources. This has created a lucrative market for solar industry across the world. The global initiative to promote renewable energy and reduce harmful emission is likely to drive the global concentrated photovoltaic market.
In 2015, Soitec demonstrated a CPV module efficiency of 38.9 % at Concentrator Standard Test Conditions (CSTC), and efficiencies of commercially available CPV modules exceed 30%. The continuous effort from renowned research institutes such as National Renewable Energy Laboratory (NREL) and many others to improve the efficiency of the CPV, thus reducing the overall cost associated with the system. CPV electricity generation is dependent on DNI as it does not absorb any diffuse radiation from the sun. This has made CPV technology more feasible in the high Direct Normal Irradiance (DNI) regions across the globe. A huge number of the CPV systems are likely to be deployed in these sunlight-rich regions in the coming years.
Key Players
Key players covered in the global concentrator photovoltaic (CPV) market report are 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), 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), Macsun Solar Energy Technology Co., Ltd. (China), and others.
Target Audience
• Manufactures
• Raw materials suppliers
• Aftermarket suppliers
• Research Institute & education institute
• Potential investors
• Key executive (CEO and COO) and strategy growth manager
Key Findings
• Global concentrator photovoltaic (CPV) market is expected to reach USD 2,710.6 million by 2023
• By type, high concentrated photovoltaic (HCPV) segment dominated the global concentrator photovoltaic (CPV) market with 93.14% of share in 2016, in terms of value. It is expected to show the highest growth at a CAGR of 11.63% during the forecast period
• By application, utility segment accounted for the market value of USD 868.8 million in 2016 and is projected to grow at a CAGR of 11.70% during the forecast period
• Geographically, Asia Pacific is projected to hold the largest share of the global concentrator photovoltaic (CPV) market with a share of 52.55%.
Regional and country level analysis and forecast of the global concentrator photovoltaic (CPV) market
Asia Pacific is one of the major regions in the global concentrator photovoltaic market. It 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 the highest CAGR of 11.84% during the forecast period. The demand for energy is increasing on account of growing population and rising disposable income in the region. Moreover, these rapidly growing economies in this region are also the major polluters in the world. CPV is identified as the best replacement to other conventional fossil fuel energy sources that are used to reduce carbon emission by effectively meeting the electricity needs. The American solar industry is quite developed than that of other regions of the world. According to the World Energy Agency, location, incentives, and government policies are majorly contributing to the growth of the market. Thus, Americas CPV market is expected to grow at a CAGR of 10.62% during the forecast period.
The reports also cover country-level analysis:
• Americas
o U.S.
o Mexico
o Rest of Americas
• Europe
o Spain
o Italy
o France
o Portugal
o Rest of Europe
• Asia Pacific
o China
o Taiwan
o Australia
o Rest of Asia Pacific
• Middle East & Africa
o Middle East
o Africa
Table of Content:
1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Scope of the Study
2.3 List of Assumptions
2.4 Market Structure
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Growing Solar Systems Installation
4.2.2 CPV is Highly Efficient in Sun-Rich Regions
4.3 Restraint
4.3.1 Downfall in Global CPV installation since last 5 years
4.4 Opportunity
4.4.1 Focus on CPV Simulation Software
4.5 Challenge
4.5.1 CPV Tracking System Synchronization
5 Market Factor Analysis
5.1 Porter’s Five Forces Analysis
5.1.1 Threat of new entrants
5.1.2 Bargaining power of suppliers
5.1.3 Threat of substitutes
5.1.4 Bargaining power of buyers
5.1.5 Rivalry
5.2 Supply Chain Analysis
6 Global Concentrated Photovoltaic (CPV) Market: Industry Overview
6.1 Overview
6.2 Concentrated Photovoltaic (CPV) Installed Capacity, 2012-2023 (MW)
6.3 Concentrated Photovoltaic (CPV) Installed Capacity, 2012-2016 (MW) (Historical)
6.4 Concentrated Photovoltaic (CPV) Installed Capacity, 2017-2023 (MW) (Forecast)
6.5 Concentrated Photovoltaic (CPV) Installed Capacity, By Major Country, 2016 (MW)
7 Global Concentrated Photovoltaic (CPV) Market, By Type
7.1 Introduction
7.2 High Concentrated Photovoltaic (HCPV)
7.3 Low Concentrated Photovoltaic (LCPV)
8 Global Concentrated Photovoltaic (CPV) Market, By Application
8.1 Introduction
8.2 Commercial
8.3 Utilities
9 Global Concentrated Photovoltaic (CPV) Market, By Region
9.1 Introduction
9.2 Asia Pacific
9.2.1 China
9.2.2 Taiwan
9.2.3 Australia
9.2.4 Rest of Asia Pacific
9.3 Americas
9.3.1 U.S.
9.3.2 Mexico
9.3.3 Rest of Americas
9.4 Europe
9.4.1 Spain
9.4.2 Italy
9.4.3 France
9.4.4 Portugal
9.4.5 Rest of Europe
9.5 Middle East & Africa
9.5.1 Africa
9.5.2 Middle East
10 Competitive Landscape
10.1 Competitive Landscape
11 Company Profiles
11.1 Sumitomo Electric Industries Ltd.
11.1.1 Company Overview
11.1.2 Financials
11.1.3 Products
11.1.4 Strategy
11.1.5 Key Developments
11.2 Radical Sun Systems, Inc.
11.2.1 Company Overview
11.2.2 Financials
11.2.3 Products
11.2.4 Strategy
11.2.5 Key Developments
11.3 SolAero Technologies Corp.
11.3.1 Company Overview
11.3.2 Financials
11.3.3 Products
11.3.4 Strategy
11.3.5 Key Developments
11.4 Arzon Solar, LLC.
11.4.1 Company Overview
11.4.2 Financials
11.4.3 Products
11.4.4 Strategy
11.4.5 Key Developments
11.5 Cool Earth Solar
11.5.1 Company Overview
11.5.2 Financials
11.5.3 Products
11.5.4 Strategy
11.5.5 Key Developments
11.6 ARIMA Group
11.6.1 Company Overview
11.6.2 Financials
11.6.3 Products
11.6.4 Strategy
11.6.5 Key Developments
11.7 Suncore Photovoltaic Technology Company Limited
11.7.1 Company Overview
11.7.2 Financials
11.7.3 Products
11.7.4 Strategy
11.7.5 Key Developments
11.8 Guangdong Redsolar Photovoltaic Technology Co.
11.8.1 Company Overview
11.8.2 Financials
11.8.3 Products
11.8.4 Strategy
11.8.5 Key Developments
11.9 Saint-Augustin Canada Electric Inc.
11.9.1 Company Overview
11.9.2 Financials
11.9.3 Products
11.9.4 Strategy
11.9.5 Key Developments
11.1 Sanan Optoelectronics Technology Co., Ltd
11.10.1 Company Overview
11.10.2 Financials
11.10.3 Products
11.10.4 Strategy
11.10.5 Key Developments
11.11 Suntrix Company Ltd
11.11.1 Company Overview
11.11.2 Financials
11.11.3 Products
11.11.4 Strategy
11.11.5 Key Developments
11.12 Macsun Solar Energy Technology Co.,Limited
11.12.1 Company Overview
11.12.2 Financials
11.12.3 Products
11.12.4 Strategy
11.12.5 Key Developments
11.13 Morgan Solar Inc.
11.13.1 Company Overview
11.13.2 Financials
11.13.3 Products
11.13.4 Strategy
11.13.5 Key Developments
12 CPV Solar Manufacturing Cost Analysis
12.1 CPV Solar Key Raw Materials Analysis
12.1.1 Key Raw Materials
12.1.2 Price Trend of Key Raw Materials
12.1.3 Key Supplier of Raw Materials
12.1.4 Raw Material Concentration Ratio
12.2 Manufacturing Plants
12.2.1 List of Manufacturing Plants
12.2.2 Proportion of manufacturing cost structure
12.3 Labor Cost
13 Marketing Strategy Analysis
13.1 Marketing Channel
13.1.1 Direct Marketing
13.1.2 Indirect Marketing
13.1.3 Marketing Channel Development Trend
13.2 Market Positioning
13.2.1 Pricing Strategy
13.2.2 Brand Strategy
14 Conclusion
14.1 Conclusion
15 Appendix
15.1 References
1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Scope of the Study
2.3 List of Assumptions
2.4 Market Structure
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Growing Solar Systems Installation
4.2.2 CPV is Highly Efficient in Sun-Rich Regions
4.3 Restraint
4.3.1 Downfall in Global CPV installation since last 5 years
4.4 Opportunity
4.4.1 Focus on CPV Simulation Software
4.5 Challenge
4.5.1 CPV Tracking System Synchronization
5 Market Factor Analysis
5.1 Porter’s Five Forces Analysis
5.1.1 Threat of new entrants
5.1.2 Bargaining power of suppliers
5.1.3 Threat of substitutes
5.1.4 Bargaining power of buyers
5.1.5 Rivalry
5.2 Supply Chain Analysis
6 Global Concentrated Photovoltaic (CPV) Market: Industry Overview
6.1 Overview
6.2 Concentrated Photovoltaic (CPV) Installed Capacity, 2012-2023 (MW)
6.3 Concentrated Photovoltaic (CPV) Installed Capacity, 2012-2016 (MW) (Historical)
6.4 Concentrated Photovoltaic (CPV) Installed Capacity, 2017-2023 (MW) (Forecast)
6.5 Concentrated Photovoltaic (CPV) Installed Capacity, By Major Country, 2016 (MW)
7 Global Concentrated Photovoltaic (CPV) Market, By Type
7.1 Introduction
7.2 High Concentrated Photovoltaic (HCPV)
7.3 Low Concentrated Photovoltaic (LCPV)
8 Global Concentrated Photovoltaic (CPV) Market, By Application
8.1 Introduction
8.2 Commercial
8.3 Utilities
9 Global Concentrated Photovoltaic (CPV) Market, By Region
9.1 Introduction
9.2 Asia Pacific
9.2.1 China
9.2.2 Taiwan
9.2.3 Australia
9.2.4 Rest of Asia Pacific
9.3 Americas
9.3.1 U.S.
9.3.2 Mexico
9.3.3 Rest of Americas
9.4 Europe
9.4.1 Spain
9.4.2 Italy
9.4.3 France
9.4.4 Portugal
9.4.5 Rest of Europe
9.5 Middle East & Africa
9.5.1 Africa
9.5.2 Middle East
10 Competitive Landscape
10.1 Competitive Landscape
11 Company Profiles
11.1 Sumitomo Electric Industries Ltd.
11.1.1 Company Overview
11.1.2 Financials
11.1.3 Products
11.1.4 Strategy
11.1.5 Key Developments
11.2 Radical Sun Systems, Inc.
11.2.1 Company Overview
11.2.2 Financials
11.2.3 Products
11.2.4 Strategy
11.2.5 Key Developments
11.3 SolAero Technologies Corp.
11.3.1 Company Overview
11.3.2 Financials
11.3.3 Products
11.3.4 Strategy
11.3.5 Key Developments
11.4 Arzon Solar, LLC.
11.4.1 Company Overview
11.4.2 Financials
11.4.3 Products
11.4.4 Strategy
11.4.5 Key Developments
11.5 Cool Earth Solar
11.5.1 Company Overview
11.5.2 Financials
11.5.3 Products
11.5.4 Strategy
11.5.5 Key Developments
11.6 ARIMA Group
11.6.1 Company Overview
11.6.2 Financials
11.6.3 Products
11.6.4 Strategy
11.6.5 Key Developments
11.7 Suncore Photovoltaic Technology Company Limited
11.7.1 Company Overview
11.7.2 Financials
11.7.3 Products
11.7.4 Strategy
11.7.5 Key Developments
11.8 Guangdong Redsolar Photovoltaic Technology Co.
11.8.1 Company Overview
11.8.2 Financials
11.8.3 Products
11.8.4 Strategy
11.8.5 Key Developments
11.9 Saint-Augustin Canada Electric Inc.
11.9.1 Company Overview
11.9.2 Financials
11.9.3 Products
11.9.4 Strategy
11.9.5 Key Developments
11.1 Sanan Optoelectronics Technology Co., Ltd
11.10.1 Company Overview
11.10.2 Financials
11.10.3 Products
11.10.4 Strategy
11.10.5 Key Developments
11.11 Suntrix Company Ltd
11.11.1 Company Overview
11.11.2 Financials
11.11.3 Products
11.11.4 Strategy
11.11.5 Key Developments
11.12 Macsun Solar Energy Technology Co.,Limited
11.12.1 Company Overview
11.12.2 Financials
11.12.3 Products
11.12.4 Strategy
11.12.5 Key Developments
11.13 Morgan Solar Inc.
11.13.1 Company Overview
11.13.2 Financials
11.13.3 Products
11.13.4 Strategy
11.13.5 Key Developments
12 CPV Solar Manufacturing Cost Analysis
12.1 CPV Solar Key Raw Materials Analysis
12.1.1 Key Raw Materials
12.1.2 Price Trend of Key Raw Materials
12.1.3 Key Supplier of Raw Materials
12.1.4 Raw Material Concentration Ratio
12.2 Manufacturing Plants
12.2.1 List of Manufacturing Plants
12.2.2 Proportion of manufacturing cost structure
12.3 Labor Cost
13 Marketing Strategy Analysis
13.1 Marketing Channel
13.1.1 Direct Marketing
13.1.2 Indirect Marketing
13.1.3 Marketing Channel Development Trend
13.2 Market Positioning
13.2.1 Pricing Strategy
13.2.2 Brand Strategy
14 Conclusion
14.1 Conclusion
15 Appendix
15.1 References
1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Scope of the Study
2.3 List of Assumptions
2.4 Market Structure
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Growing Solar Systems Installation
4.2.2 CPV is Highly Efficient in Sun-Rich Regions
4.3 Restraint
4.3.1 Downfall in Global CPV installation since last 5 years
4.4 Opportunity
4.4.1 Focus on CPV Simulation Software
4.5 Challenge
4.5.1 CPV Tracking System Synchronization
5 Market Factor Analysis
5.1 Porter’s Five Forces Analysis
5.1.1 Threat of new entrants
5.1.2 Bargaining power of suppliers
5.1.3 Threat of substitutes
5.1.4 Bargaining power of buyers
5.1.5 Rivalry
5.2 Supply Chain Analysis
6 Global Concentrated Photovoltaic (CPV) Market: Industry Overview
6.1 Overview
6.2 Concentrated Photovoltaic (CPV) Installed Capacity, 2012-2023 (MW)
6.3 Concentrated Photovoltaic (CPV) Installed Capacity, 2012-2016 (MW) (Historical)
6.4 Concentrated Photovoltaic (CPV) Installed Capacity, 2017-2023 (MW) (Forecast)
6.5 Concentrated Photovoltaic (CPV) Installed Capacity, By Major Country, 2016 (MW)
7 Global Concentrated Photovoltaic (CPV) Market, By Type
7.1 Introduction
7.2 High Concentrated Photovoltaic (HCPV)
7.3 Low Concentrated Photovoltaic (LCPV)
8 Global Concentrated Photovoltaic (CPV) Market, By Application
8.1 Introduction
8.2 Commercial
8.3 Utilities
9 Global Concentrated Photovoltaic (CPV) Market, By Region
9.1 Introduction
9.2 Asia Pacific
9.2.1 China
9.2.2 Taiwan
9.2.3 Australia
9.2.4 Rest of Asia Pacific
9.3 Americas
9.3.1 U.S.
9.3.2 Mexico
9.3.3 Rest of Americas
9.4 Europe
9.4.1 Spain
9.4.2 Italy
9.4.3 France
9.4.4 Portugal
9.4.5 Rest of Europe
9.5 Middle East & Africa
9.5.1 Africa
9.5.2 Middle East
10 Competitive Landscape
10.1 Competitive Landscape
11 Company Profiles
11.1 Sumitomo Electric Industries Ltd.
11.1.1 Company Overview
11.1.2 Financials
11.1.3 Products
11.1.4 Strategy
11.1.5 Key Developments
11.2 Radical Sun Systems, Inc.
11.2.1 Company Overview
11.2.2 Financials
11.2.3 Products
11.2.4 Strategy
11.2.5 Key Developments
11.3 SolAero Technologies Corp.
11.3.1 Company Overview
11.3.2 Financials
11.3.3 Products
11.3.4 Strategy
11.3.5 Key Developments
11.4 Arzon Solar, LLC.
11.4.1 Company Overview
11.4.2 Financials
11.4.3 Products
11.4.4 Strategy
11.4.5 Key Developments
11.5 Cool Earth Solar
11.5.1 Company Overview
11.5.2 Financials
11.5.3 Products
11.5.4 Strategy
11.5.5 Key Developments
11.6 ARIMA Group
11.6.1 Company Overview
11.6.2 Financials
11.6.3 Products
11.6.4 Strategy
11.6.5 Key Developments
11.7 Suncore Photovoltaic Technology Company Limited
11.7.1 Company Overview
11.7.2 Financials
11.7.3 Products
11.7.4 Strategy
11.7.5 Key Developments
11.8 Guangdong Redsolar Photovoltaic Technology Co.
11.8.1 Company Overview
11.8.2 Financials
11.8.3 Products
11.8.4 Strategy
11.8.5 Key Developments
11.9 Saint-Augustin Canada Electric Inc.
11.9.1 Company Overview
11.9.2 Financials
11.9.3 Products
11.9.4 Strategy
11.9.5 Key Developments
11.1 Sanan Optoelectronics Technology Co., Ltd
11.10.1 Company Overview
11.10.2 Financials
11.10.3 Products
11.10.4 Strategy
11.10.5 Key Developments
11.11 Suntrix Company Ltd
11.11.1 Company Overview
11.11.2 Financials
11.11.3 Products
11.11.4 Strategy
11.11.5 Key Developments
11.12 Macsun Solar Energy Technology Co.,Limited
11.12.1 Company Overview
11.12.2 Financials
11.12.3 Products
11.12.4 Strategy
11.12.5 Key Developments
11.13 Morgan Solar Inc.
11.13.1 Company Overview
11.13.2 Financials
11.13.3 Products
11.13.4 Strategy
11.13.5 Key Developments
12 CPV Solar Manufacturing Cost Analysis
12.1 CPV Solar Key Raw Materials Analysis
12.1.1 Key Raw Materials
12.1.2 Price Trend of Key Raw Materials
12.1.3 Key Supplier of Raw Materials
12.1.4 Raw Material Concentration Ratio
12.2 Manufacturing Plants
12.2.1 List of Manufacturing Plants
12.2.2 Proportion of manufacturing cost structure
12.3 Labor Cost
13 Marketing Strategy Analysis
13.1 Marketing Channel
13.1.1 Direct Marketing
13.1.2 Indirect Marketing
13.1.3 Marketing Channel Development Trend
13.2 Market Positioning
13.2.1 Pricing Strategy
13.2.2 Brand Strategy
14 Conclusion
14.1 Conclusion
15 Appendix
15.1 References
