Report Description

Global Concentrated Photovoltaic Market, By Product (Reflectors and Refractors), By Concentration (High Concentration Photovoltaic and Low Concentration Photovoltaic), By Application (Commercial, Utility-Scale and Others), By Company and By Geography, Forecast & Opportunities, 2023

  • Publish Date: NA
  • Format : PDF
  • Pages : 110
  • Industry : Power

Global Concentrated Photovoltaic Market is projected to witness stable growth by 2023 at a CAGR of over 12% owing to the growing focus on non-conventional sources such as solar energy for power generation for the conservation of non-renewable sources of energy such as fossil fuels. Governments globally are trying to switch to renewable energy sources for power generation and thus have been providing schemes and subsidiaries. Rising government initiatives for the adoption of clean and renewable sources for energy generation is expected to have a positive impact on the growth of the market during the forecast period. Moreover, high efficiency and low-cost systems associated with the use of Concentrated Photovoltaic systems will ensure wider adoption of the technology and also drive the growth of the market in the next five years. Additionally, factors such as reduction in the prices of CPV modules, lower requirement of area for setting up plants coupled with the entry of major players in solar energy are anticipated to propel the growth of Global Concentrated Photovoltaic Market by 2023. 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. Asia-Pacific region is expected to lead the Concentrated Photovoltaic market in the next five years, due to growing shift towards renewable energy sources as a result of government initiatives in constituent countries like China and Japan.


Years 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 Global Concentrated Photovoltaic Market, in terms of volume and value.
  • To classify and forecast Global Concentrated Photovoltaic based on product, concentrations, applications and regional distribution.
  • To identify drivers and challenges for Global Concentrated Photovoltaic Market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Global Concentrated Photovoltaic Market.
  • To conduct the pricing analysis for Global Concentrated Photovoltaic Market.
  • To identify and analyse the profile of leading service providers involved in the Global Concentrated Photovoltaic Market.

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Some of the leading players in the Global 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 across the globe. 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 across the globe.

TechSci Research calculated the market size of Global 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:

  • Manufacturers.
  • Power Generation Companies
  • Dealers and suppliers
  • Mineral oil companies
  • Environmental and industrial associations
  • Research organizations and consulting companies.
  • Government Institutions.
  • Market 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.

Report Scope:

In this report, Global Concentrated Photovoltaic Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, By Product:
    • Reflectors
    • Refractors
  • Market, By Concentration:
    • High Concentration Photovoltaic
    • Low Concentration Photovoltaic
  • Market, By Application:
    • Commercial
    • Utility-Scale
    • Others
  • Market, by Region:
    • Asia Pacific
      • China
      • India 
      • Japan
      • South Korea
      • Australia
      • Singapore
      • Malaysia
    • Europe
      • France
      • Germany
      • United Kingdom
      • Italy
      • Spain
    • North America
      • United States
      • Mexico
      • Canada
    • South America
      • Brazil
      • Argentina
      • Colombia
    • Middle East and Africa
      • South Africa
      • Saudi Arabia
      • UAE
      • Qatar 

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Concentrated Photovoltaic Market segment.

Available Customizations:

With the given market data, TechSci Research offers customizations according the company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

  • 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

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  

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