The global Concentrator Photovoltaic System market size is predicted to grow from US$ million in 2025 to US$ million in 2031; it is expected to grow at a CAGR of % from 2025 to 2031.

Concentrator Photovoltaic System is a photovoltaic technology that generates electricity from sunlight. Unlike conventional photovoltaic systems, it uses lenses or curved mirrors to focus sunlight onto small, highly efficient, multi-junction (MJ) solar cells. In addition, CPV systems often use solar trackers and sometimes a cooling system to further increase their efficiency.

It is expected that global demand for photovoltaic products will remain high in the next few years. According to our PV & Solar Research Center, by the end of 2022, the global cumulative installed photovoltaic power generation capacity is about 1180 GW.

According to the data of China Photovoltaic Industry Association, the global newly installed photovoltaic capacity in 2022 is about 230 GW, and this number in 2023 is predicted to be 280-330 GW.

According to the data of the Ministry of Industry and Information Technology, the total output value of China's photovoltaic industry exceeded 1.4 trillion yuan in 2022. From the perspective of production value, mainland China is still the global center of the PV industry.

According to the International Energy Agency, China market share in all key products of the supply chain have exceeded 80%. Among them, the production capacity of silicon wafers, solar cells, and components accounts for as high as 98%, 85% and 77%, respectively.

According to the data released by the European Photovoltaic Association, 27 EU countries gained a new PV installed capacity of 41.4 GW in 2022.

According to the report of the US Solar Energy Industries Association (SEIA), the US held a new PV installed capacity of less than 19 GW in 2022. But it is estimated that from 2023, the average annual growth rate of new photovoltaic installed capacity will exceed 21%.

In terms of Japan, based on data from Fitch and the US Energy Information Administration (EIA), in 2022, Japan's newly installed photovoltaic capacity was 3.166 GW.

ReportPrime' newest research report, the “Concentrator Photovoltaic System Industry Forecast” looks at past sales and reviews total world Concentrator Photovoltaic System sales in 2024, providing a comprehensive analysis by region and market sector of projected Concentrator Photovoltaic System sales for 2025 through 2031. With Concentrator Photovoltaic System sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Concentrator Photovoltaic System industry.

This Insight Report provides a comprehensive analysis of the global Concentrator Photovoltaic System landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity.

This report also analyses the strategies of leading global companies with a focus on Concentrator Photovoltaic System portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Concentrator Photovoltaic System market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Concentrator Photovoltaic System and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity.

1. Segmentation by Type:
   • Low Concentration PV
   • Medium Concentration PV
   • High Concentration PV

1. Segmentation by Application:
   • Commercial
   • Residential
   • Mobile
   • Others

1. Market by Region:
   • Americas
     • United States
     • Canada
     • Mexico
     • Brazil
   • APAC
     • China
     • Japan
     • Korea
     • Southeast Asia
     • India
     • Australia
   • Europe
     • Germany
     • France
     • UK
     • Italy
     • Russia
   • Middle East & Africa
     • Egypt
     • South Africa
     • Israel
     • Turkey
     • GCC Countries

Company's Coverage:

• OPVIUS
• First Solar
• Suntech Holding
• Sharp Solar
• Centrosolar
• GIE
• Soltecture
• DSD Energy

Key Questions Addressed in this Report