Solar Concentrated Photovoltaic Industry Profiles Abegoa, Amonix, Emcore and Others Analyzed in a New Report

Global Solar Concentrated Photovoltaic
Market 2014-2018
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Published: June 2014
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Global Solar Concentrated Photovoltaic Market 2014-2018
A solar CPV system concentrates sunlight on solar cells with the help of an optical
device, increasing the efficiency of photovoltaic cells that convert energy from
sunlight directly into electricity. The optics used concentrates the sunlight by a factor
of 500 to 1,000 and focuses it on the solar cells, which are reduced to a small
fraction of the CPV module. This helps in the cost-efficient use of highly efficient
multi-junction solar cells. Solar CPV requires a high level of radiation concentration
to increase its output and solar trackers help to monitor the sun’s rays during the day
so as to focus the sunlight falling over a huge area onto a small set of PV cells. Solar
CPV is gaining competitiveness in areas with high direct normal irradiation (DNI). The
solar CPV installations are increasing in countries such as Spain, the US, Australia,
China, and India, which receive high solar radiation. Solar CPV is a relatively
immature technology compared to other PV technologies and an increase in
concentration and efficiency will lead to its LCOE (Levelized Cost of Electricity)
reduction. It is expected to gain lower LCOE than PV technologies in the forecast
period. Moreover, lower land requirements for solar CPV provide an advantage
compared to PV. Analysts forecast the Global Solar Concentrated Photovoltaic
market will grow at a CAGR of 34.1 percent over the period 2013-2018.
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The major focus of solar CPV companies across the world is to increase the efficiency
of CPV systems, which will help to reduce the overall system costs. The efficiency of
CPV modules is around 30 percent, which is already higher than solar PV and CSP
technologies. However, there is still a huge scope for improvement to further reduce
the overall cost. With increased efficiency and declining overall costs, solar CPV
technology will shortly achieve grid parity in many countries across the world.
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concentrated-photovoltaic-market-2014-2018.html .

Covered in this Report
The Global Solar CPV market can be segmented into three divisions: High
Concentrated Photovoltaic, Medium Concentrated Photovoltaic and Low
Concentrated Photovoltaic. This division is based upon the degree of concentration
of CPV systems.
Global Solar Concentrated Photovoltaic Market 2014-2018, has been prepared based
on an in-depth market analysis with inputs from industry experts. The report covers
the Americas, and the EMEA and APAC regions; it also covers the Global Solar CPV
market landscape and its growth prospects in the coming years. The report also
includes a discussion of the key vendors operating in this market.
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Covered in this Report
According to the report, one of the major drivers in this market is the reduction in
average installation prices of solar CPV systems. With solar CPV manufacturing
companies achieving economies of scale and obtaining government support, the
average prices of these systems are declining. This has resulted in solar CPV systems
becoming affordable, leading to an increase in the number of installations across the
world.
Further, the report states that one of the major challenges in this market is the lack
of standardization of solar CPV components. Without set standards, it is difficult for
manufacturers to reduce the production cost of solar CPV systems.

Key Regions
Americas
EMEA
APAC
Key Vendors
Abegoa Solar
Amonix Inc.
Arima EcoEnergy
Emcore Corp.
Soitec SA
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buying?rname=19154 .

Other Prominent Vendors
C Power SRL
Circadian Solar
Cool Earth Solar
ES System
Everphoton Energy Corporation, Inc.
Green and Gold Energy Pty., Ltd.
Guascor Foton
Heliotrop
JX Crystals
Opel International Inc.
Pacific Solar Tech Inc.
View all Vendors
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Key Market Driver
Falling Average Installation Prices
Key Market Challenge
Lack of Standardization
Key Market Trend
Increasing Efficiency of CPV Systems

Key Questions Answered in this Report
What will the market size be in 2018 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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Solar Concentrated Photovoltaic Industry Profiles Abegoa, Amonix, Emcore and Others Analyzed in a New Report

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