Concentrated Photovoltaic Systems Market

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.

Concentrated Photovoltaic Systems Market contains market size and forecasts of Concentrated Photovoltaic Systems in global, including the following market information:

Global Concentrated Photovoltaic Systems Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Concentrated Photovoltaic Systems Market Sales, 2017-2022, 2023-2028, (MW)

Global top five Concentrated Photovoltaic Systems companies in 2021 (%)

The global Concentrated Photovoltaic Systems market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

High Concentrated Photovoltaic (HCPV) Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Concentrated Photovoltaic Systems include Arzon Solar, BSQ Solar, Guangdong Redsolar Photovoltaic Technology, Magpower, Saint-Augustin Canada Electric and San'an Optoelectronics Co., Ltd, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Concentrated Photovoltaic Systems manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Concentrated Photovoltaic Systems Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (MW)

Global Concentrated Photovoltaic Systems Market Segment Percentages, by Type, 2021 (%)

High Concentrated Photovoltaic (HCPV)

Low Concentrated Photovoltaic (LCPV)

Global Concentrated Photovoltaic Systems Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (MW)

Global Concentrated Photovoltaic Systems Market Segment Percentages, by Application, 2021 (%)

Residential Sector

Industrial Sector

Others

Global Concentrated Photovoltaic Systems Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (MW)

Global Concentrated Photovoltaic Systems Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Concentrated Photovoltaic Systems revenues in global market, 2017-2022 (Estimated), ($ millions)

Key companies Concentrated Photovoltaic Systems revenues share in global market, 2021 (%)

Key companies Concentrated Photovoltaic Systems sales in global market, 2017-2022 (Estimated), (MW)

Key companies Concentrated Photovoltaic Systems sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

Arzon Solar

BSQ Solar

Guangdong Redsolar Photovoltaic Technology

Magpower

Saint-Augustin Canada Electric

San'an Optoelectronics Co., Ltd