Latest
industry research report on: Concentrated Photovoltaic (PV) and Solar
Photovoltaic Market : Industry Size, Share, Research, Reviews, Analysis,
Strategies, Demand, Growth, Segmentation, Parameters, Forecasts
Solar photovoltaic is
a technology that converts solar energy into useful energy forms by
absorbing solar photon (particles of light that operate as individual
units of energy). Photovoltaic cell is also known as solar cell. Solar
cell is an electrical device that translates light energy into electric
energy or electricity using photovoltaic effect. Solar cell is a type of
photoelectric cell which on exposure to light can produce and support
an electric current without any external voltage source. However, it
requires an external load for power consumption. Solar PV modules can be
clustered together as an array of parallel or series connected modules
to give any level of power requirements, from mere watts to kilowatt and
megawatt size. Different types of solar cells are cadmium telluride
solar cell, polycrystalline, hybrid solar cell, buried contact solar
cell, dye-sensitized solar cell, plastic solar cell, thin film solar
cell, monocrystalline solar cell, plasmonic solar cell, and polymer
solar cell among others.
CPV
(concentrated photovoltaic) technology employs optics such as curved
mirrors or lenses to collect large amount of sunlight on a small area of
solar photovoltaic (PV) cells in order to generate electricity. CPV
systems offer several advantages over non-concentrated photovoltaics. As
a smaller area of photovoltaic material is required, CPV can save money
on the cost of the solar cells. CPV requires less photovoltaic material
to capture the same sunlight as non-concentrating PV. CPV make use of
high-efficiency but expensive multi-junction cells cost-effectively
viable due to smaller space requirements. However, in order to get
sunlight focused on the small photovoltaic area, CPV systems need extra
spending on solar trackers, concentrating optics (mirrors or lenses) and
cooling systems. Owing to this of these extra costs, CPVs are far less
common compared to non-concentrated photovoltaics. Nevertheless, ongoing
research and development is trying to improve CPV technology and lower
its costs.
The
most widespread segmentation of CPV modules can be done on the basis of
degree of concentration, which can be expressed in number of suns.
Different types of CPVs are LCPV (low concentration photovoltaics),
medium concentration photovoltaics, HCPV (high concentration
photovoltaics) and luminescent solar concentrators.
According
to Plastics Institute of America, Europe is expected to remain the
largest regional market with 16.48 GW of PV demands which accounts
around half of the global demand. Asia-Pacific was the second largest
market fueled by the remarkable growth of the Chinese market. China is
expected to outpace Germany in the coming year in order to become the
leading PV consumer. Government renewable targets, financial incentives,
technology cost reductions are three major forces who are currently
driving the adoption of solar across the globe. Government policies are
considerable drivers for solar photovoltaic market. By 2020, solar is
predicted to be cost competitive to traditional electricity, independent
of government policies and subsidies across most of the world.
Some
of the key players in this market are BP Solar International, Opel
International Inc., Emcore Corporation, Prism Solar Technologies, Inc.,
Bloo Solar, Solar Tec International AG, HelioVolt Corporation, Zytech
Solar, Energy Innovations, Solar Systems PTY, Ltd., Concentrix Solar
GmbH, 1366 Technologies Inc., Pyron Solar, Whitfield Solar Ltd., Abengoa
Solar, Arima Ecoenergy, Konarka Technologies Inc., Amonix Inc., 3G
Solar, Pacific Solartech Inc., Greenvolts, JX Crystals, Everphoton
Energy Corporation, Soliant Energy Inc., Cool Earth Solar, Nano Solar,
SunFlake A/S, and others.
This
research report analyzes this market depending on its market segments,
major geographies, and current market trends. Geographies analyzed under
this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
Market projections for upcoming years
This
report is a complete study of current trends in the market, industry
growth drivers, and restraints. It provides market projections for the
coming years. It includes analysis of recent developments in technology,
Porter’s five force model analysis and detailed profiles of top
industry players. The report also includes a review of micro and macro
factors essential for the existing market players and new entrants along
with detailed value chain analysis.
Reasons for Buying this Report
This report provides pin-point analysis for changing competitive dynamics
It provides a forward looking perspective on different factors driving or restraining market growth
It provides a six-year forecast assessed on the basis of how the market is predicted to grow
It helps in understanding the key product segments and their future
It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
It
helps in making informed business decisions by having complete insights
of market and by making in-depth analysis of market segments
It provides distinctive graphics and exemplified SWOT analysis of major market segments
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