DUBLIN, July 7, 2014 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/scs67v/concentrated) has announced the addition of the "Concentrated Photovoltaic Market By Concentration levels, By Technology, By Application & By Geography- Global Trends and Forecast to 2019" report to their offering.
The global concentrated photovoltaic market is expected to be a major market in renewable sector by 2019, with a projected CAGR of 13.9%, signifying a demand for concentrated photovoltaic installations across the world.
The concentrated photovoltaic market is at various stages of development, thus, opportunities are diverse across regions. In the emerging economies such as Europe and the Middle East and Africa, the market is set to accelerate the use of renewable energy resource activities.
In 2011, concentrated photovoltaic accounted for a small part of around 0.1 percent of the solar market; a new technology in the renewable energy market. Due to its high output efficiency and rapid deployment solutions, it is expected to grow rapidly in the coming years. Concentrated photovoltaic differs from conventional photovoltaic technology as it uses lenses to concentrate a large amount of sunlight onto a small area of solar photovoltaic cells to generate electricity. The concept of concentrating sun rays to generate electricity makes concentrated photovoltaic more efficient than the conventional photovoltaic when used for the same area.
HCPV dominates the market:
HCPV dominated the concentrated photovoltaic market and accounted for almost 93.4% of the total share in 2013. It is expected to witness a strong growth due to the increased dedicated approach, on the part of the industry, for better efficiency output. The biggest market for HCPV is Asia-Pacific, followed by Americas, Europe, and the Middle East and Africa.
The key companies in the concentrated photovoltaic market are Amonix (U.S.), Soitec (France), Isofoton (U.S.), Semprius (U.S.), Solar Junction (U.S.), Sunpower Corporations (U.S.), Suncore (U.S.), SolarSystems (Australia), Zytech Solar (Spain), Magpower (Portugal), and Ravano Green Powers (Italy).
Acquisitions and contracts & agreements: Key strategy
The leading companies of the market focus on the growth of their acquisitions and contracts & agreements with the key objective to serve the various industry sectors with a wide geographic presence. The leading companies have been able to acquire regional concentrated photovoltaic providers in order to expand their range of operations. They constantly focus on the emerging regions to establish themselves as the leading concentrated photovoltaic companies.
Key Topics Covered:
2 Executive Summary
3 Market Overview
4 Premium Insights
5 Concentrated Photovoltaic- Cost Analysis
6 Concentrated Photovoltaic Market, By Technology
7 Concentrated Photovoltaic Market, By Concentration Level
8 Concentrated Photovoltaic Market, By Application
9 Concentrated Photovoltaic Market, By Geography
10 Competitive Landscape Key Findings
11 Company Profiles
- Isofoton S.A.
- Ravano Green Powers
- Semprius Inc.
- Solar Junction
- Suncore Photovoltaic Technology Co. Ltd.
- Sunpower Corporation
- Zytech Solar
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SOURCE Research and Markets