Renewable Energy Concentrator Photovoltaic (CPV) Market Analysis | Página 2

Hexa Research Fact-based market research, penetrating industry insights and validated forecasts to help you make better decisions for a stronger future Browse Detail Report@ https://www.hexaresearch.com/upcoming-research/concentrator-photovoltaiccpv-market In addition, these systems require extra spending on cooling systems, lenses, and solar trackers. Owing to additional costs employed in the installation of CPV system, they are less common compared to non-concentrated photovoltaics. Research & Developments are ongoing to improve the technology used in CPV and to lower the cost employed in installation. Favorable government policies and technological advances in the industry is anticipated to drive the market over the next seven years. The government is providing subsidies to install concentrated photovoltaic and with the favorable policies, the technology is expected to become profitable in future. Most CPV systems require cooling systems that include active and passive cooling. In active cooling, liquid met al is used as the fluid to cool the system whereas, in passive cooling, a cell placed on a ceramic substitute with high thermal conductivity is used. Ceramic also provides electric insulation. Falling average prices of installation is the key market driver driving the concentrator photovoltaic market globally. The market is segmented into high, low concentrator photovoltaic and luminescent solar concentration. System using high concentrator photovoltaic possesses high efficiency amongst all photovoltaic technology and reduces the balance system cost. The HCPV system is best suited for areas receiving high direct irradiance or Sun Belt regions. Low concentration photovoltaic system (LCPV) have high acceptance angle, and the requirement of the complicated steering system is negligible. These properties allow the system friendly for residential customers, and they are potentially cheaper than plain arrays. HCPV is being installed in larger scale owing to the developed technology over LCPV system. Luminescent solar concentration (LSC) is a device used Contact: [phone] Email : [email protected] Website: http://www.hexaresearch.com/