PUBLISHER: TechNavio | PRODUCT CODE: 1915407
PUBLISHER: TechNavio | PRODUCT CODE: 1915407
Global Concentrated Photovoltaic Systems Market 2025-2029
The global concentrated photovoltaic systems market is forecasted to grow by USD 1845.0 mn during 2024-2029, accelerating at a CAGR of 9.9% during the forecast period. The report on the global concentrated photovoltaic systems market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by advantages of cpv systems, rise in investments in renewable energy, government support and incentives.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
| Market Scope | |
|---|---|
| Base Year | 2025 |
| End Year | 2029 |
| Series Year | 2025-2029 |
| Growth Momentum | Accelerate |
| YOY 2025 | 9.1% |
| CAGR | 9.9% |
| Incremental Value | $1845.0 mn |
Technavio's global concentrated photovoltaic systems market is segmented as below:
By Technology
- HCPV
- LCPV
By Application
- Utility-scale power generation
- Commercial installations
- Remote and off-grid systems
By Component
- Solar cells
- Lenses and mirrors
- Dual-axis trackers
Geography
- APAC
- India
- China
- Japan
- South Korea
- Australia
- Indonesia
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Spain
- France
- Italy
- The Netherlands
- UK
- South America
- Brazil
- Argentina
- Chile
- Middle East and Africa
- UAE
- Egypt
- South Africa
- Rest of World (ROW)
This study identifies the hybrid cpv systems as one of the prime reasons driving the global concentrated photovoltaic systems market growth during the next few years. Also, increasing investments in renewable energy in apac and development of solar cities and zero-energy buildings (zebs) will lead to sizable demand in the market.
The report on the global concentrated photovoltaic systems market covers the following areas:
- Global concentrated photovoltaic systems market sizing
- Global concentrated photovoltaic systems market forecast
- Global concentrated photovoltaic systems market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading global concentrated photovoltaic systems market vendors that include ARIMA Group, Arzon Solar LLC, BSQ Solar, Chiyoda Corp., Cool Earth Solar, Green Rhino Energy Ltd., Macsun Solar Energy Tech Co. Ltd., Ravano Green Powers, Saint Augustin Canada Electric Inc., Sanan Optoelectronics Co. Ltd., Siemens Energy AG, Solartron Energy, Sumitomo Electric Industries Ltd., Valldoreix Greenpower SLU, Whitefield Solar, Zytech Solar. Also, the global concentrated photovoltaic systems market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by Technology
- Executive Summary - Chart on Market Segmentation by Application
- Executive Summary - Chart on Market Segmentation by Component
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
- 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 2.2 Criticality of inputs and Factors of differentiation
- 2.3 Factors of disruption
- 2.4 Impact of drivers and challenges
3 Market Landscape
- 3.1 Market ecosystem
- 3.2 Market characteristics
- 3.3 Value chain analysis
4 Market Sizing
- 4.1 Market definition
- 4.2 Market segment analysis
- Market segments
- 4.3 Market size 2024
- 4.4 Market outlook: Forecast for 2024-2029
5 Historic Market Size
- 5.1 Global Concentrated Photovoltaic Systems Market 2019 - 2023
- Historic Market Size - Data Table on Global Concentrated Photovoltaic Systems Market 2019 - 2023 ($ million)
- 5.2 Technology segment analysis 2019 - 2023
- Historic Market Size - Technology Segment 2019 - 2023 ($ million)
- 5.3 Application segment analysis 2019 - 2023
- Historic Market Size - Application Segment 2019 - 2023 ($ million)
- 5.4 Component segment analysis 2019 - 2023
- Historic Market Size - Component Segment 2019 - 2023 ($ million)
- 5.5 Geography segment analysis 2019 - 2023
- Historic Market Size - Geography Segment 2019 - 2023 ($ million)
- 5.6 Country segment analysis 2019 - 2023
- Historic Market Size - Country Segment 2019 - 2023 ($ million)
6 Qualitative Analysis
- 6.1 Impact of AI on the global concentrated photovoltaic systems market
7 Five Forces Analysis
- 7.1 Five forces summary
- Five forces analysis - Comparison between 2024 and 2029
- 7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2024 and 2029
- 7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2024 and 2029
- 7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2024 and 2029
- 7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2024 and 2029
- 7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2024 and 2029
- 7.7 Market condition
8 Market Segmentation by Technology
- 8.1 Market segments
- 8.2 Comparison by Technology
- 8.3 HCPV - Market size and forecast 2024-2029
- 8.4 LCPV - Market size and forecast 2024-2029
- 8.5 Market opportunity by Technology
- Market opportunity by Technology ($ million)
9 Market Segmentation by Application
- 9.1 Market segments
- 9.2 Comparison by Application
- 9.3 Utility-scale power generation - Market size and forecast 2024-2029
- 9.4 Commercial installations - Market size and forecast 2024-2029
- 9.5 Remote and off-grid systems - Market size and forecast 2024-2029
- 9.6 Market opportunity by Application
- Market opportunity by Application ($ million)
10 Market Segmentation by Component
- 10.1 Market segments
- 10.2 Comparison by Component
- 10.3 Solar cells - Market size and forecast 2024-2029
- 10.4 Lenses and mirrors - Market size and forecast 2024-2029
- 10.5 Dual-axis trackers - Market size and forecast 2024-2029
- 10.6 Market opportunity by Component
- Market opportunity by Component ($ million)
11 Customer Landscape
- 11.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
12 Geographic Landscape
- 12.1 Geographic segmentation
- 12.2 Geographic comparison
- 12.3 APAC - Market size and forecast 2024-2029
- 12.3.1 India - Market size and forecast 2024-2029
- 12.3.2 China - Market size and forecast 2024-2029
- 12.3.3 Japan - Market size and forecast 2024-2029
- 12.3.4 South Korea - Market size and forecast 2024-2029
- 12.3.5 Australia - Market size and forecast 2024-2029
- 12.3.6 Indonesia - Market size and forecast 2024-2029
- 12.4 North America - Market size and forecast 2024-2029
- 12.4.1 US - Market size and forecast 2024-2029
- 12.4.2 Canada - Market size and forecast 2024-2029
- 12.4.3 Mexico - Market size and forecast 2024-2029
- 12.5 Europe - Market size and forecast 2024-2029
- 12.5.1 Germany - Market size and forecast 2024-2029
- 12.5.2 Spain - Market size and forecast 2024-2029
- 12.5.3 France - Market size and forecast 2024-2029
- 12.5.4 Italy - Market size and forecast 2024-2029
- 12.5.5 The Netherlands - Market size and forecast 2024-2029
- 12.5.6 UK - Market size and forecast 2024-2029
- 12.6 South America - Market size and forecast 2024-2029
- 12.6.1 Brazil - Market size and forecast 2024-2029
- 12.6.2 Argentina - Market size and forecast 2024-2029
- 12.6.3 Chile - Market size and forecast 2024-2029
- 12.7 Middle East and Africa - Market size and forecast 2024-2029
- 12.7.1 UAE - Market size and forecast 2024-2029
- 12.7.2 Saudi Arabia - Market size and forecast 2024-2029
- 12.7.3 Egypt - Market size and forecast 2024-2029
- 12.7.4 South Africa - Market size and forecast 2024-2029
- 12.7.5 Morocco - Market size and forecast 2024-2029
- 12.8 Market opportunity by geography
- Market opportunity by geography ($ million)
- Data Tables on Market opportunity by geography ($ million)
13 Drivers, Challenges, and Opportunity
- 13.1 Market drivers
- Advantages of CPV systems
- Rise in investments in renewable energy
- Government support and incentives
- 13.2 Market challenges
- Declining cost of solar PV modules
- Competition from alternative sources of energy
- Technical challenges leading to less adoption of CPV systems
- 13.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
- 13.4 Market opportunities
- Hybrid CPV systems
- Increasing investments in renewable energy in APAC
- Development of solar cities and zero-energy buildings (ZEBs)
14 Competitive Landscape
- 14.1 Overview
- 14.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 14.3 Landscape disruption
- Overview on factors of disruption
- 14.4 Industry risks
- Impact of key risks on business
15 Competitive Analysis
- 15.1 Companies profiled
- Companies covered
- 15.2 Company ranking index
- Company ranking index
- 15.3 Market positioning of companies
- Matrix on companies position and classification
- 15.4 ARIMA Group
- ARIMA Group - Overview
- ARIMA Group - Product / Service
- ARIMA Group - Key offerings
- SWOT
- 15.5 Arzon Solar LLC
- Arzon Solar LLC - Overview
- Arzon Solar LLC - Product / Service
- Arzon Solar LLC - Key offerings
- SWOT
- 15.6 BSQ Solar
- BSQ Solar - Overview
- BSQ Solar - Product / Service
- BSQ Solar - Key offerings
- SWOT
- 15.7 Chiyoda Corp.
- Chiyoda Corp. - Overview
- Chiyoda Corp. - Business segments
- Chiyoda Corp. - Key offerings
- Chiyoda Corp. - Segment focus
- SWOT
- 15.8 Cool Earth Solar
- Cool Earth Solar - Overview
- Cool Earth Solar - Product / Service
- Cool Earth Solar - Key offerings
- SWOT
- 15.9 Green Rhino Energy Ltd.
- Green Rhino Energy Ltd. - Overview
- Green Rhino Energy Ltd. - Product / Service
- Green Rhino Energy Ltd. - Key offerings
- SWOT
- 15.10 Macsun Solar Energy Tech Co. Ltd.
- Macsun Solar Energy Tech Co. Ltd. - Overview
- Macsun Solar Energy Tech Co. Ltd. - Product / Service
- Macsun Solar Energy Tech Co. Ltd. - Key offerings
- SWOT
- 15.11 Ravano Green Powers
- Ravano Green Powers - Overview
- Ravano Green Powers - Product / Service
- Ravano Green Powers - Key offerings
- SWOT
- 15.12 Saint Augustin Canada Electric Inc.
- Saint Augustin Canada Electric Inc. - Overview
- Saint Augustin Canada Electric Inc. - Product / Service
- Saint Augustin Canada Electric Inc. - Key offerings
- SWOT
- 15.13 Sanan Optoelectronics Co. Ltd.
- Sanan Optoelectronics Co. Ltd. - Overview
- Sanan Optoelectronics Co. Ltd. - Product / Service
- Sanan Optoelectronics Co. Ltd. - Key offerings
- SWOT
- 15.14 Solartron Energy
- Solartron Energy - Overview
- Solartron Energy - Product / Service
- Solartron Energy - Key offerings
- SWOT
- 15.15 Sumitomo Electric Industries Ltd.
- Sumitomo Electric Industries Ltd. - Overview
- Sumitomo Electric Industries Ltd. - Business segments
- Sumitomo Electric Industries Ltd. - Key news
- Sumitomo Electric Industries Ltd. - Key offerings
- Sumitomo Electric Industries Ltd. - Segment focus
- SWOT
- 15.16 Valldoreix Greenpower SLU
- Valldoreix Greenpower SLU - Overview
- Valldoreix Greenpower SLU - Product / Service
- Valldoreix Greenpower SLU - Key offerings
- SWOT
- 15.17 Whitefield Solar
- Whitefield Solar - Overview
- Whitefield Solar - Product / Service
- Whitefield Solar - Key offerings
- SWOT
- 15.18 Zytech Solar
- Zytech Solar - Overview
- Zytech Solar - Product / Service
- Zytech Solar - Key offerings
- SWOT
16 Appendix
- 16.1 Scope of the report
- Market definition
- Objectives
- Notes and caveats
- 16.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 16.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 16.4 Research methodology
- Research methodology
- 16.5 Data procurement
- Information sources
- 16.6 Data validation
- Data validation
- 16.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 16.8 Data synthesis
- Data synthesis
- 16.9 360 degree market analysis
- 360 degree market analysis
- 16.10 List of abbreviations
- List of abbreviations
