Competition Analysis

The prominent players operating the Concentrated Photovoltaic Market are Radical Sun Systems Inc. (U.S.), Cool Earth Solar (U.S.), Morgan Solar Inc. (Canada), Arzon Solar LLC. (U.S.), SolAero Technologies Corp. (U.S.), and others.

Market Overview

According to a new report by Market Research Future (MRFR), the global Concentrated Photovoltaic Market is anticipated to expand at 11.5 % CAGR over the assessment period (2017-2023). Concentrated photovoltaic (CPV) is recognized as one of the best substitutes for conventional fossil fuel energy sources used to reduce carbon emission. While the technology has witnessed a widespread acceptance and a high number of installation globally, it is still in the development stage.

CPV is identified as the best substitute for other conventional fossil fuel energy sources that are used to reduce carbon emission by meeting the electricity needs. Concentrated photovoltaics (CPV) work well in high heat regions. It has been of most interest for power generation in sunny regions with DNI values of more than 2000 kWh/(m^2a). CPV electricity generation is dependent on DNI as it does not absorb any diffuse from the sun. This made CPV system more feasible in the high DNI region across the globe. It is expected that a high number of the CPV systems will be deployed in these sunlight rich regions. However, CPV tracking system synchronisation is the major challenge for the market. Tracking permits CPV systems to generate a greater amount of energy throughout the day in sun rich regions, notably during the late part of the day when electricity demand peaks. Currently, CPV tracking with sufficient accuracy and reliability is required. Improper tracking of CPV system results into less energy output and hence stands unfeasible in major regions, across the globe.

A Sample of This Report Is Available upon Request @ https://www.marketresearchfuture.com/sample_request/5946

Industry News

Silfab Solar Inc., in December 2017 formed a joint venture with Morgan Solar Inc. and developed a low-cost disruptive PV module which was specifically designed utility-scale and large commercial projects.

Scope of the Report

This study provides an overview of the global concentrated photovoltaic (CPV) market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for Americas, Europe, Asia Pacific (APAC) and Middle East & Africa. The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global concentrated photovoltaic (CPV) market by its grid connectivity, axis and region.

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

Browse the Full Research Report At@ http://www.ktvn.com/story/39798050/concentrated-photovoltaic-market-2019-global-industry-size-share-opportunity-assessment-historical-analysis-regional-trends-sales-revenue-and

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

Continue……….