HOME Research Insight Concentrated Photovoltaic Market - New Revenue Pockets

Concentrated Photovoltaic Market - New Revenue Pockets

Globally, the market size of concentrated photovoltaic is increasing every day, as many technological advancements and highly efficient product lines are creating huge opportunities. CPV is also gaining high importance in renewable solar energy industry due to silicon scarcity and low conversion efficiency.

Investments are being made for effective installation of power plants across the world due to lower capital investment plans on the changing market. The use of high efficiency of modules provides potential for reduced installation costs.

The concentrated photovoltaic service providers build up partnerships with the industry end-users/project plant owners to focus on developing new and innovative technologies to effectively generate highly efficient power. This helps the end-user companies to minimize their cost of components and system handling. Also, the service providers are expanding their business operations by performing acquisitions and contracts & agreements to establish its presence in the global concentrated photovoltaic market.

Amonix (U.S.) and Soitec (France) are the major companies in the concentrated photovoltaic sector. These companies provide manufacturing, installation, and O&M services in U.S. and France respectively.

Related Reports:

Concentrated Photovoltaic Market By Concentration levels (High and Low), By Technology (Refractor and Reflectors), By Application (Utility-Scale, Commercial, and Others) & By Geography- Global Trends and Forecast to 2019

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