Concentrated Photovoltaic Systems Market, Global Outlook and Forecast 2023-2029

Concentrated photovoltaic systems (also known as concentration photovoltaics) is a photovoltaic technology that generates electricity from sunlight. Contrary to conventional photovoltaic systems, it uses lenses and curved mirrors to focus sunlight onto small, but highly efficient, multi-junction (MJ) solar cells. In addition, CPV systems often use solar trackers and sometimes a cooling system to further increase their efficiency.
This report aims to provide a comprehensive presentation of the global market for Concentrated Photovoltaic Systems, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Concentrated Photovoltaic Systems. This report contains market size and forecasts of Concentrated Photovoltaic Systems in global, including the following market information:
Global Concentrated Photovoltaic Systems Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Concentrated Photovoltaic Systems Market Sales, 2018-2023, 2024-2029, (MW)
Global top five Concentrated Photovoltaic Systems companies in 2022 (%)
The global Concentrated Photovoltaic Systems market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
CPV systems often use solar trackers and sometimes a cooling system to further increase their efficiency. Ongoing research and development is rapidly improving their competitiveness in the utility-scale segment and in areas of high insolation. This sort of solar technology can be thus used in smaller areas.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Concentrated Photovoltaic Systems manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Concentrated Photovoltaic Systems Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (MW)
Global Concentrated Photovoltaic Systems Market Segment Percentages, by Type, 2022 (%)
    High Concentrated Photovoltaic (HCPV)
    Low Concentrated Photovoltaic (LCPV)
Global Concentrated Photovoltaic Systems Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (MW)
Global Concentrated Photovoltaic Systems Market Segment Percentages, by Application, 2022 (%)
    Residential Sector
    Industrial Sector
    Others
Global Concentrated Photovoltaic Systems Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (MW)
Global Concentrated Photovoltaic Systems Market Segment Percentages, By Region and Country, 2022 (%)
    North America
        US
        Canada
        Mexico
    Europe
        Germany
        France
        U.K.
        Italy
        Russia
        Nordic Countries
        Benelux
        Rest of Europe
    Asia
        China
        Japan
        South Korea
        Southeast Asia
        India
        Rest of Asia
    South America
        Brazil
        Argentina
        Rest of South America
    Middle East & Africa
        Turkey
        Israel
        Saudi Arabia
        UAE
        Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Concentrated Photovoltaic Systems revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Concentrated Photovoltaic Systems revenues share in global market, 2022 (%)
Key companies Concentrated Photovoltaic Systems sales in global market, 2018-2023 (Estimated), (MW)
Key companies Concentrated Photovoltaic Systems sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
    Arzon Solar
    BSQ Solar
    Guangdong Redsolar Photovoltaic Technology
    Magpower
    Saint-Augustin Canada Electric
    San'an Optoelectronics Co., Ltd
Outline of Major Chapters:
Chapter 1: Introduces the definition of Concentrated Photovoltaic Systems, market overview.
Chapter 2: Global Concentrated Photovoltaic Systems market size in revenue and volume.
Chapter 3: Detailed analysis of Concentrated Photovoltaic Systems manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Concentrated Photovoltaic Systems in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Concentrated Photovoltaic Systems capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.