DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/lhbvz8/concentrated) has announced the addition of the "Concentrated Photovoltaics (CPV), Update 2014 - Global Market Size, Competitive Landscape and Key Country Analysis to 2020" report to their offering.
The global Concentrated Photovoltaic (CPV) market is expected to undergo a major growth spurt in the next five years, with its cumulative installed capacity forecast to jump from 357.9 Megawatts (MW) in 2014 to 1,043.96 MW by 2020
China and the US dominated the global CPV market in 2013, with their cumulative installed capacity reaching shares of 35.4% and 33.3%, respectively. Spain stood third after the US with 12.2%, followed by Portugal and Italy, with respected shares of 5.1% and 4.3%.
Swati Singh, Analyst covering Alternative Energy, says: The CPV market is at a nascent stage, especially with the technology evolving and achieving new heights of efficiency improvement. Companies that have been successful in operating CPV prototype systems in pilot sites are now progressing towards multi-MW CPV projects.
Two CPV power plants came online in 2012 and 2013. These were Amonix's 30-MW Alamosa in Colorado, US, and Suncore's 50-MW CPV power plant in Golmud, China, which is the largest CPV plant in the world.
However, despite these developments, market growth forecast is conservative, according to The authors. From 2009, many companies in the CPV industry, both small and large, either had to close down their businesses due to bankruptcy, or were acquired by other companies.
A further concern in the CPV industry is the reliability and performance of the systems, although significant efforts have been made to develop International Electrotechnical Commission standards for CPV-system certification, Singh concludes.
This report provides analysis of the global Concentrated Photovoltaic (CPV) market, including installations, market value, and investment analysis between 2006 and 2020. It also examines the shares of leading players in the global CPV market in 2013, and the supporting measures for solar power in each country.
Key Topics Covered:
List of Tables
List of Figures
Concentrated Photovoltaics - Introduction
Concentrated Photovoltaic - Technology Analysis
Concentrated Photovoltaic - Cost Analysis
Global Concentrated Photovoltaic Market
US Concentrated Photovoltaic Market
Spain Concentrated Photovoltaic Market
Concentrated Photovoltaic Market, China
Concentrated Photovoltaic Market, Australia
Concentrated Photovoltaic Market, Italy
Concentrated Photovoltaic Market, France
Concentrated Photovoltaic Market, Portugal
Concentrated Photovoltaic Market, Taiwan
Appendix
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