China Concentrated Photovoltaic (CPV) Market
is expected to witness growth at a robust CAGR by 2023, owing to the rising
need for shifting to cleaner sources of power generation over conventional
sources such as coal. China’s Shenhua Group, the world’s largest provider of
coal, formed a deal with SolarReserve to build 1,000 megawatts concentrated
solar power system in China, which will enable robust growth of CPV Market in
China in the next five years. China has plans to install more than 10,000
megawatts of concentrated solar capacity over the next five years.
Additionally, favourable government-backed incentives like renewable energy
certificates, carbon credits are expected have a positive impact on the market
in the next five years. Factors such as reduction in prices of Concentrated
Photovoltaic equipment, comparatively lower capital equipment coupled with the
rising use of High CPV for large-scale power generation will drive the growth
of the market in China from 2019-2023. Additionally, growing demand of
refractors for ensuring maximum efficiency is likely to have a positive impact
on the growth of the market during forecast period. Based on the concentration,
the high concentration photovoltaic segment is expected to lead the market in
the next five years due to widespread use in large-scale power plants as a
result of high efficiency of individual modules which enable the reduction of
area-related costs. Based on the application, the utility segment is expected
to lead the market in the next five years, due to reduction in CPV prices, which
has led to adoption of CPV over PV by manufactures.
considered for this report:
Historical Years: 2013-2016
Base Year: 2017
Estimated Year: 2018
Forecast Period: 2019–2023
Objective of the Study:
- To analyse and forecast the market size of China
Concentrated Photovoltaic Market, in terms of volume and value.
- To classify and forecast China Concentrated
Photovoltaic based on product, concentrations, applications and regional
- To identify drivers and challenges for China Concentrated
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in China
Concentrated Photovoltaic Market.
- To conduct the pricing analysis for China Concentrated
- To identify and analyse the profile of leading
service providers involved in the China Concentrated Photovoltaic Market.
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Some of the leading players in the China
Concentrated Photovoltaic Market are Amonix, Isofoton S.A., Magpower, Ravano
Green Powers, Semprius Inc., Soitec, Solar Junction, Solarsystem, Suncore
Photovoltaic Technology Co. Ltd, Sunpower Corporation etc.
TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of service
providers in China. Subsequently, TechSci
Research conducted primary research surveys with the identified companies.
While interviewing, the respondents were also enquired about their competitors.
Through this technique, TechSci Research could include the service providers which could not be
identified due to the limitations of secondary research. TechSci Research
analysed the distribution channels and presence of all major service providers in
Research calculated the market size of China Concentrated Photovoltaic Market
using a bottom-up approach, where value data for power line were recorded and
forecast for the future years. TechSci Research sourced these values from the
industry experts and company representatives and externally validated through analysing
historical data of these product types and applications for getting an
appropriate, overall market size. Various secondary sources such as company
website, news articles, press releases, company annual reports, investor
presentations and financial reports were also used by TechSci Research.
Key Target Audience:
and industrial associations
organizations and consulting companies.
research and consulting firms.
The study is useful in providing answers to several critical
questions that are important for the industry stakeholders such as service
providers, vendors, partners, end users, etc., besides allowing them in
strategizing investments and capitalizing on market opportunities.
In this report, China Concentrated Photovoltaic Market has
been segmented into following categories, in addition to the industry trends
which have also been detailed below:
- Market, By Product:
- Market, By Concentration:
- High Concentration Photovoltaic
- Low Concentration Photovoltaic
- Market, By Application:
- Market, by Region:
- North & North-East
Company Profiles: Detailed analysis of the major
companies present in Concentrated Photovoltaic Market segment.
With the given market data, TechSci Research offers
customizations according the company’s specific needs. The following
customization options are available for the report:
- Detailed analysis and profiling of additional
market players (up to five).
- Profit margin analysis in case of direct and
indirect sales channel.
In case you don’t find what you are
looking for, please get in touch with our custom research team at [email protected]
It is an upcoming report to
be released soon. If you wish an early delivery of this report or want to
confirm the date of release, please contact us at [email protected]