In the increasing trend to generate electrical power from renewable sources, solar PV cells were one of the first technologies considered for the conversion of solar energy to usable electrical energy. PV technology initially had to contend with issues such as low conversion efficiency and high initial investment. However, power output has significantly improved through the development of a new technology involving mirrors/reflectors that focus sunlight falling over a huge area onto a small set of PV cells.
CPVs are also often equipped with trackers following the sun's position, so that sun rays directly hit the panel of reflectors and are redirected to the PV cell arrays. As CPV reflectors usually require huge open areas, the technology often has to contend with the issue of water shortage for cooling the CPV cells. Air or the hybrid wet-dry cooling technology enables the use of CPV cells in deserts and isolated places. The CPV cells market is set for high growth with government initiatives in place for the generation of renewable power. The market also holds promise for new entrants as it currently has only a few players.
The report covers all the major types of CPV cells - i.e., of low, medium, and high concentration. The report also includes an in-depth analysis of solar PV submarkets, such as those for crystalline, thin film, and other PV cells. The report estimates and analyzes the markets for different cooling techniques, such as air and water cooling, which are vital for the functioning of CPVs. Issues like grid-parity have been also been explained and discussed in-depth.
The report includes an analysis of the global solar power market and the total energy scenario. It forecasts the size of each submarket; and also identifies the market trends and factors that drive or inhibit market growth. More than 45 company profiles are provided for a deeper insight into the competitive landscape. The market tables are categorized as per geographies, products, and applications. An in-depth geographic analysis is conducted for each of the sub-segment in the major regional markets of Americas, Europe, Asia and ROW.
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Partial Table of Contents:
Executive summary
Global Concentrated Photovoltaic market
Global Solar Photovoltaic Market
Global Solar Tracking solutions Market
Geographical Analysis
1. Introduction
1.1. KEY TAKE AWAYS
1.2. Report description
1.3. MARKETS COVERED
1.4. STAKEHOLDERS
1.5. Methodology
2. Summary
3. Market overview
3.1. Global Power Market
3.1.1. Global electrical power requirement
3.1.2. Share analysis of different sources of electrical power
3.1.3. Growth in demand of renewable power till 2030
3.1.4. Renewable power Vs Conventional power
3.1.5. Market overview for CPV
3.2. Evolution of concentrated photovoltaic
3.3. Market forces ANALYSIS
3.3.1. increasing efficiency & government incentives
3.3.2. geographical limitations
3.3.3. grid parity to offer market opportunity
3.3.4. innovation holds key to market success
3.3.5. Market definition
3.4. High Direct Normal Irradiance - key to CPV success
3.5. CPV component cost breakup
3.6. CPV: Cost Comparison with Other Energy Sources
3.6.1. Drivers
3.7. Environmental concerns
3.8. Low system cost
3.8.1. High efficiency of the CPV systems
3.8.2. Effective usage of land area
3.8.3. Easily scalable
3.8.4. Government initiatives
3.9. Restraints
3.9.1. Grid Parity
3.9.2. Limited locations with high direct normal irradiation
3.9.3. Acceptance of technology
3.10. Opportunities
3.10.1. Vast project pipeline
4. Concentrated Photovoltaic Market
4.1. High concentration photovoltaic
4.1.1. Drivers
4.1.1.1. Lower cost of energy output
4.1.1.2. Increasing Efficiency to Reduce Cost
4.1.1.3. Faster achievement of grid parity
4.1.2. Restraints
4.1.2.1. System complexity and risks
4.2. Medium concentration cpv
4.2.1. Drivers & Restraints
4.2.1.1. High modularity, scalability and increased energy output
4.2.1.2. Less requirement of optical material
4.2.1.3. Requires precise tracking and cooling
4.3. Low concentration cpv
4.3.1. Drivers & Restraints
4.3.1.1. Used in wider climatic conditions
4.3.1.2. Varied applications
4.3.1.3. Low tracking and cooling requirements
4.3.1.4. Lower efficiency
4.4. Types of CPV technology
4.4.1. Lens refractor CPV Technology
4.4.1.1. Drivers & restraints
4.4.1.1.1. Requires less material & gives high energy efficiency
4.4.1.1.2. Reduction in lens efficiency over time
4.4.2. Mirror reflector CPV Technology
4.5. CPV Technologies based on concentrator arrangement
4.6. CPV applications
4.6.1. Space applications
4.6.2. Telecommunications
4.6.3. Grid connected residential power supply
4.6.4. Water Pumping
4.6.5. Rooftop applications
4.7. Grid Parity
4.7.1. Challenges for grid parity - Increasing cost of silicon and lack of investment
4.7.1.1.
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