Concentrated Photovoltaic Systems Market Opportunities, Growth Drivers, and Global Demand

The factors that are playing a major role in the growth of the market are the low system cost with higher efficiency, a growing number of R&D activities, the rising product innovation, and the rising demand from the end-users.

ID: 1550392
recent pressrelease next pressrelease

(businesspress24) - Global concentrated photovoltaic systems market is estimated to grow at a significant CAGR of 11.63% over the forecast period as the scope and its applications are rising enormously across the globe. Concentrated photovoltaic (CPV) systems, also termed as

The factors that are playing a major role in the growth of the market are the low system cost with higher efficiency, a growing number of R&D activities, the rising product innovation, and the rising demand from the end-users. However, issues related to the acceptance of technology may restrain overall market growth in the years to come. Concentrated photovoltaic systems market is segmented based on technology, concentrated level, application, and region.

Refractor and reflector are the enhanced technology used that could be explored in concentrated photovoltaic systems in the forecast period. Refractor sector comprises luminescent concentrators and Fresnel lens. Whereas, reflector sector comprises a parabolic mirror. The refractor sector accounted for the significant market share of concentrated photovoltaic systems and is estimated to continue its dominance in the years to come. The reason could be the growing preference for Fresnel lens.

Based on concentrated level, low concentrated photovoltaic (LCPV) and high concentrated photovoltaic (HCPV) could classify concentrated photovoltaic systems in the forecast period. The high concentrated photovoltaic (HCPV) sector accounted for the substantial market share of concentrated photovoltaic systems and is estimated to lead the overall market in the years to come. The reason could be the rising concentration the part of the industry for better efficiency output.

The market could be categorized based on applications like commercial, utility-scale, and others that could be explored in the forecast period. The utility-scale application accounted for the substantial market share of concentrated photovoltaic systems and is estimated to lead the overall market in the years to come.



Globally, Asia Pacific accounted for the substantial market share of concentrated photovoltaic systems and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the rapid industrialization in the region and the huge investment in the waste recycling and services industries. The developing countries like India and China are the major consumers of concentrated photovoltaic systems in this region.

The key players of concentrated photovoltaic systems market are Ravano Green Powers, Amonix, Magpower, Soitec, Zytech Solar, Isofoton, SolarSystems, Semprius, Sunpower Corporations, Arzon Solar, Saint-Augustin Canada Electric, BSQ Solar, and Guangdong Redsolar Photovoltaic Technology. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.



More information:
http://bit.ly/305wlZJ http://bit.ly/308E1dQ



Keywords (optional):

concentrated-photovoltaic-systems-market, concentrated-photovoltaic-systems, energy,



Company information / Profile:

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive marketplace that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

PressRelease by

Requests:

"Felton Office Plaza 6265 Highway 9 Felton, California 95018, United States

Phone: +1-408-610-2300

Toll Free: +1-866-831-4085

Email: sales(at)millioninsights.com"



PressContact / Agency:



published by: unnati_gade
print pressrelease  send to a friend  

Date: 07/03/2019 - 02:44
Language: English
News-ID 1550392
Character count: 3547
Kontakt-Informationen:
Firma: Million Insights
Ansprechpartner: Tom Clark Feedback to businesspress24.com about Pressrelease-id:
Stadt: Felton
Telefon: 14086102300

Meldungsart: Financial
Versandart: send
Freigabedatum: 03.07.2019
Comments:



Number of hits: 259

Linking-Tips:



Direct Link to this PressRelease:






We would appreciate a link in your News-, Press- or Partner-Site.

Comments on this PressRelease






All members: 9 429
Register today: 0
Register yesterday: 0
Members online: 0
Guests online: 127


Don't have an account yet? You can create one. As registered user you have some advantages like theme manager, comments configuration and post comments with your name.