India Concentrated Photovoltaic (CPV) Market is anticipated to grow at a high CAGR by 2023, owing to the growing government initiatives for adopting sustainable development measures. The government had set a target of achieving 20,000 MV of solar power capacity by 2022, and also plans on mandating 50% domestically sourced equipment which is likely to have a positive impact on the growth of CPV Market in India during the forecast period. Moreover, many domestic players such as Indo solar, Tata Power Solar, Moser Baer India Ltd and Websol Energy Systems are offering cost-effective and high efficiency CPV systems. Increasing competition in the market is also expected to have a positive impact on the growth of the market. Additionally, government support in the form of favourable policies, subsidies and tax incentives are expected have a significant positive impact on the market in the next five years. Factors such as lower capital equipment required for CPV as compared to flat-plate solar panels coupled with the rising use of High CPV for large-scale power generation will drive the growth of the market in India from 2019-2023. 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. Based on product, the refractors segment is projected to lead the market for the next five years, due to growing use of Fresnel lens for maximum efficiency.


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

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Some of the leading players in the India 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 India. 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 India.

TechSci Research calculated the market size of India 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, India 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:
    • North Region
    • South Region
    • East Region
    • West Region

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.

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1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Voice of Customers

4.1.  Product Pricing

4.2.  Product Quality

4.3.  Product After Sale Services

5.    India Concentrated Photovoltaic Market Landscape

6.    India Concentrated Photovoltaic Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Volume & Value

6.2.  Market Share & Forecast

6.2.1.     By Product (Reflectors and Refractors)

6.2.2.     By Concentration (High Concentration Photovoltaic and Low Concentration Photovoltaic)

6.2.3.     By Application (Commercial, Utility-Scale and Others)

6.2.4.     By Company

6.2.5.     By Region

6.3.  Market Attractiveness Index

7.    India High Concentration Photovoltaic Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Volume & Value

7.2.  Market Share & Forecast

7.2.1.     By Product

7.2.2.     By Application

7.3.  Market Attractiveness Index

8.    India Low Concentration Photovoltaic Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Volume & Value

8.2.  Market Share & Forecast

8.2.1.     By Product

8.2.2.     By Application

8.3.  Market Attractiveness Index

9.    Market Dynamics

9.1.  Drivers

9.2.  Challenges

10.  Market Trends & Developments

11.  Supply Chain Analysis

12.  Policy & Regulatory

13.  India Economic Profile

14.  Competitive Landscape

15. Strategic Recommendations

In case you don’t find what you are looking for, please get in touch with our custom research team at