Renewable Energy Concentrator Photovoltaic (CPV) Market Analysis

Hexa Research Fact-based market research, penetrating industry insights and validated forecasts to help you make better decisions for a stronger future Concentrator Photovoltaic (CPV) Market Analysis, Size, Share, Growth, Industry Trends and Forecast to 2024 | Hexa Research Concentrated Photovoltaic (CPV) is a technology which generated electricity from sunlight by using curved mirrors and lenses to focus sunlight on small area. The optics used concentrates the radiation received from the sun by a factor of 500 to 1,000 and focuses it on the photovoltaic cells, which are then reduced to a small fraction of the CPV module. This helps in reducing the cost of the system. In order to increase the efficiency of the system solar trackers and cooling systems are used. CPV system can save money on the cost of solar cells owing to a requirement of less photovoltaic material to capture the radiation from the sun. CPV requires a high level of irradiance concentration to increase the output and solar trackers assist in monitoring the sun's rays at day time to focus the radiation falling over a vast area onto a small set of photovoltaic cells.CPV uses high-efficiency multi-junction cells owing to lower space requirements. Contact: [phone] Email : [email protected] Website: http://www.hexaresearch.com/