Renewable Energy Concentrator Photovoltaic (CPV) Market Analysis | Page 3

Hexa Research Fact-based market research, penetrating industry insights and validated forecasts to help you make better decisions for a stronger future for concentrating solar radiation to generate electricity. The principle employed in LSC device is a collection of solar irradiation over a large area and converting it by fluorescence thereby directing the radiation into a small output target. Asia Pacific was the second largest market in 2015 owing to renewable power generation in China that is expected to outpace Germany in the upcoming year. Government policies, incentives and technology cost reduction, are the primary forces driving the solar power installations across the globe. Government renewable targets are significant drivers for solar PV market. The market is segmented into commercial and utility scale based on application. The commercial is the fastest growing application owing to the installation of solar power systems in houses especially in China, India, Vietnam and South Korea. Most parts of Spain receive high direct normal irradiance that attracted several industries to invest in Spain. Countries such as India, South Korea, Australia, Italy and China are the emerging market in CPV technology. Feed in tariffs, high direct normal irradiance, and favorable government policies are attracting the CPV players to invest in these regions. The players in the market are adopting strategies such as agreements, contracts, and mergers & acquisitions to serve various sectors over the globe. These companies are generally acquiring the regional providers to expand their operations and are focusing on the emerging markets to gain competitive advantage. Key players in the market include Ravano Green Powers, Suncore Photovoltaic Technology Company Limited, Magpower, Soitec, Solar Junction, Amonix, SunPower Corporations, Zytech Solar, Isofoton, SolarSystems, Whitfield Solar, Silicon CPV Plc, C Power SRL, Everphoton Energy Corporation, Inc., Sol 3G, Suncore Photovoltaic Technology Company Limited, Opel International Inc., GuascorFoton, JX Crystals and Solar Tec International AG. Contact: [phone] Email : [email protected] Website: http://www.hexaresearch.com/