Global Concentrated Photovoltaic (CPV) Market to Reach $11.4 Billion by 2030
The global market for Concentrated Photovoltaic (CPV) estimated at US$5.1 Billion in the year 2022, is projected to reach a revised size of US$11.4 Billion by 2030, growing at a CAGR of 10.7% over the analysis period 2022-2030. Refractor, one of the segments analyzed in the report, is projected to record 11.4% CAGR and reach US$7.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Reflector segment is readjusted to a revised 9.3% CAGR for the next 8-year period.The U.S. Market is Estimated at $1.4 Billion, While China is Forecast to Grow at 17.1% CAGR
The Concentrated Photovoltaic (CPV) market in the U.S. is estimated at US$1.4 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$3 Billion by the year 2030 trailing a CAGR of 17.1% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.7% and 9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.1% CAGR.Select Competitors (Total 33 Featured) -
- Akhter Solar
- Chroma Energy
- Magpower SA
- Morgan Solar
- Ravano Green Powers
- Saint-Augustin Canada Electric Inc.
- Solar Junction
- Suncore Photovoltaic Technology Co. Ltd.
- SunPower Corporation
- Zytech Solar
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Akhter Solar
- Chroma Energy
- Magpower SA
- Morgan Solar
- Ravano Green Powers
- Saint-Augustin Canada Electric Inc.
- Solar Junction
- Suncore Photovoltaic Technology Co. Ltd.
- SunPower Corporation
- Zytech Solar
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 89 |
Published | May 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 5.1 Billion |
Forecasted Market Value ( USD | $ 11.4 Billion |
Compound Annual Growth Rate | 10.6% |
Regions Covered | Global |