Concentrated Photovoltaic (CPV) Market.pdf

Sample on Global Concentrated Photovoltaic (CPV) Market - Global
Industry Analysis, Size, Share, Growth Opportunities, Future Trends,
Covid-19 Impact, SWOT Analysis, Competition and Forecasts 2022 to
2030

Copyright @ 2022, Contrive Datum Insights Page 2
Global Concentrated Photovoltaic (CPV) Market, 2023-2030
About Us:
Contrive Datum Insights is the most comprehensive database of market-related research. Serious
researchers from across the globe seeking up-to-date information on the latest market trends with
in-depth analyses turn to Contrive Datum Insights. Our massive database boasts authentic
reports published by leading authors and publications. CDIs’ highly motivated and expert in-house
team undertakes rigorous screening of the credentials of publishers and authors before accepting
their submissions. Such vetting is imperative for internal quality control.
Our speciality is to deliver syndicate &customised reports that meet the specific needs of clients.
Our aim is to produce the perfect report or study, which focuses on our clients’ unique
requirements instead of presenting generic one-size-fits all kind of literature which raises more
questions than provides answers.
Copyright © 2022 Contrive Datum Insights, Canada
All Rights Reserved. This document contains highly confidential information and is the sole
property of Contrive Datum Insights. No part of it may be circulated, copied, quoted, or otherwise
reproduced without the approval of Contrive Datum Insights.

Research Methodology
Methodology/Research Approach
Our research methodology implements a mix of primary as well as secondary research. Our
projects are initiated with secondary research, where we refer to a variety of sources including
trade databases; government published documents, investor presentations, company annual
reports, white papers, and paid databases.
Research Programs/Design
Requirement
collection
Feasibility check of
client requirements
Draft of
deliverables
(iterative step)
Approval from
client
Projectinitiation
Secondary
research
Data collection Primary research
Data validation Data analysis
Cross verification
with panel of
experts
Projectdelivery to
the client
Post-delivery
support

Market Size Estimation
Post the initial data mining stage, we gather our findings and analyse them, Wearable Patch/ Data
Recordering out relevant insights. These are evaluated across teams and by our in-house
Medical. Along with data mining, we also initiate the primary research phase in which we interact
with companies operating within the market space.
To evaluate the wholeness of the market, we interact (via email or telephone) with players who
are responsible in adding value to the final product. Additionally, we interact with related industries
to understand the external factors that can drive/hamper a market. We also make it a point to
evaluate various economic parameters, which typically, have an impact on the purchasing choices
of individuals as well as companies.
Post these stages, data are cross-verified with the companies that operate in a market space. It
is important for us to study these companies in detail, to understand their existing performance
and future strategies which will define the market in the coming years.
All this data is collected and evaluated by our analysts. Post the preparation of the report and
data analysis, the findings are presented to our in-house experts who then eliminate
discrepancies (if any).
 The key players in the industry and markets have been identified through extensive
secondary research.
 The industry’s supply chain and market size, in terms of value, have been determined
through primary and secondary research processes.
 All percentage shares, splits, and breakdowns have been determined using secondary
sources and verified through primary sources.
Data Source
Secondary Sources
In the secondary research process, various secondary sources, such as D&B Hoovers,
Bloomberg Business Week, and Factiva, have been referred to, for identifying and collecting

information for this study. Secondary sources included annual reports, press releases, and
investor presentations of companies; whitepapers, certified publications, and articles by
recognized authors; gold standard and silver standard websites; regulatory bodies; trade
directories; and databases.
List of secondary sources include but are not limited to:
 Academic Journals
 Census.gov
 Bloomberg
 Company Annual Report
 Hoovers
Preliminary data mining
Raw market data is obtained and collated on a broad front. Data is continuously Wearable Patch/
Data Reordered to ensure that only validated and authenticated sources are considered. In
addition, data is also mined from a host of reports in our repository, as well as a number of reputed
paid databases. For comprehensive understanding of the market, it is essential to understand the
complete value chain and in order to facilitate this; we collect data from raw material suppliers,
distributors as well as buyers.
Technical issues and trends are obtained from surveys, technical symposia and trade journals.
Technical data is also gathered from intellectual property perspective, focusing on white space
and freedom of movement. Operation Industry Vertical dynamics with respect to drivers,
restraints, pricing trends is also gathered. As a result, the material developed contains a wide
range of original data that is then further cross-validated and authenticated with published
sources.
Primary Sources
This is the final step in estimating and forecasting for our reports. Exhaustive primary interviews
are conducted, on face to face as well as over the phone to validate our findings and assumptions
used to obtain them. Interviewees are approached from leading companies across the value chain
including suppliers, Component providers, domain experts and buyers so as to ensure a holistic

and unbiased picture of the market. These interviews are conducted across the globe, with
language barriers overcome with the aid of local staff and interpreters. Primary interviews not only
help in data validation, but also provide critical insights into the market, current business scenario
and future expectations and enhance the quality of our reports. All our estimates and forecast are
verified through exhaustive primary research with Key Operation Industry Vertical Participants
(KIPs) which typically include:
 Market leading companies
 Raw material suppliers
 Operating System distributors
 Buyers
The key objectives of primary research are as follows:
 To validate our data in terms of accuracy and acceptability
 To gain an insight in to the current market and future expectations
Some of the KIPs are mentioned as below:
 Medtronic
 Olympus
 Otsuka Holdings Co., Ltd.
 Etcetera
 Others
Statistical model
Our market estimates and forecasts are derived through simulation models. A unique model is
created customized for each study. Gathered information for market dynamics, Component
landscape, Sensor Type development and pricing trends is fed into the model and analyzed
simultaneously. These factors are studied on a comparative basis, and their impact over the
forecast period is quantified with the help of correlation, regression and time series analysis.
Market forecasting is performed via a combination of economic tools, technological analysis, and
industry experience and domain expertise.

Econometric models are generally used for short-term forecasting, while technological market
models are used for long-term forecasting. These are based on an amalgamation of Component
landscape, regulatory frameworks, economic outlook and business principles. A bottom-up
approach to market estimation is preferred, with key regional markets analyzed as separate
entities and integration of data to obtain global estimates. This is critical for a deep understanding
of the industry as well as ensuring minimal errors. Some of the parameters considered for
forecasting include:
 Market drivers and restrains, along with their current and expected impact
 Raw material scenario and supply v/s price trends
 Regulatory scenario and expected developments
 Current capacity and expected capacity additions up to 2026
We assign weights to these parameters and quantify their market impact using weighted average
analysis, to derive an expected market growth rate.
Data Triangulation
Contrive Datum Insights also leverages three Industry Verticals of data triangulation approaches
as follows:
Data Triangulation Techniques
Source: Secondary Literature, Expert Interviews, and Contrive Datum Insights Analysis 2023
Data Source Triangulation
• Extracting data and validation
from multiple type of
secondary and primary
sources
Methodology Triangulation
• Combining various
methodologies to validate
data inputs
Theory Triangulation
• Applying different theories to
check credibility of data sets

Contrive Datum Insights data modeling tool is an in-house developed tool, which is based on the
fundamental Top Down and Bottom Up approach.
Bottom Up Approach
After arriving at the overall market size using the market size estimation processes as explained
above, the market was split into several segments and sub segments. To complete the overall
market engineering process and arrive at the exact statistics of each market segment and sub
segment, the data triangulation and market breakdown procedures were employed, wherever
applicable. The data was triangulated by studying several factors and trends from both the
demand and supply sides.
Global
Market
Value
Add up all Country Market Sizes
to Derive Regional Market Size
Market Size for a Country = Add up of Total
Company Revenues
Primary: Demand and Supply Side Experts
Secondary: Annual Reports, Presentations,
Press Release, Journals, Paid Databases,
and A2Z Market Research database
Primary: Demand & Supply Side Experts
Secondary: Annual Reports, Presentations,
Press Releases, Journals, Paid Databases,
and A2Z Market Research database
Bottom-upApproach (Segmental Analysis) Global Market

Top Down Approach
Report Objectives
 To define, describe, and forecast the {Keyword} Market by segments, and region
 To provide detailed information about the major factors (drivers, restraints, opportunities,
and challenges) influencing the growth of the market
 To analyze the sub-segments with respect to individual growth trends, prospects, and
contributions to the total market
 To analyze opportunities in the market for stakeholders and provide the competitive
landscape of the market
 To forecast the revenues of the market segments with respect to the major regions, such
as North America, Europe, Asia Pacific (APAC), Middle East & Africa and South America.
 To profile the key players and comprehensively analyze their recent developments and
positioning in {Keyword} market.
Global Market ($ Million)
Geographical Split
Percent Split for Type and
Application Segments for
Market
Country Split
Global Market Size Through Primaries(Demand and
Supply Side Experts)
Secondary: Annual Reports, Presentations, Press
Release, Journals, Paid Databases, and A2Z Market
Research
Secondary: Annual Reports, Presentations, Press
Release, Journals, Paid Databases, and A2Z Market
Research database
Primary: Demand &and Supply Side Experts
Secondary: Company Websites, Press Releases, and
News Articles
Top-Down Approach (SegmentalAnalysis) Global Market

 To analyze competitive developments, such as mergers and acquisitions, new product
developments, and Research and Development (R&D) activities, in the market

Market Overview
Market Synopsis
By 2030, the global market for concentrated photovoltaic (CPV) is expected to be worth USD 4.81 billion,
with a CAGR of 17.0% during the forecast period. (2022 - 2030).
CPV technology is likely to be used in more places as the need for grid-connected energy rises and
people become more aware of the benefits of using renewable resources to make electricity.
Since the price of traditional PV panels has dropped sharply, there is more interest in CPV and other
silicon-based solar technologies. CPVs also have a small footprint, and their popularity is likely to grow in
the near future. Solar technology is often used in places where the sun shines directly on it. Since the
business is still young, it's mostly used for special things. On the global market for concentrating solar
cells, the main things that makers think about are performance, cost, reliability, and trade-offs.
Size, estimates, and forecasts of the Concentrated Photovoltaic (CPV) Market are given in terms of sales
volume (K units) and income (million USD), with historical and forecast data for the years 2017 to 2030,
with 2022 as the base year. This study describes in detail the different parts of the global Concentrated
Photovoltaic (CPV) Market. Regional market sizes are also given for goods by type, by use, and by player.
When figuring out how big the market was, we took into account the effects of COVID-19 and the war
between Russia and Ukraine.
Request Sample Copy of Report “Concentrated Photovoltaic (CPV) Market -Global Industry Analysis,
Size, Share, Growth Opportunities, Future Trends, Covid-19 Impact, SWOT Analysis, Competition and
Forecasts 2022 to 2030”, published by Contrive Datum Insights.
Market Dynamics
One of the biggest companies in the world, STACE (Saint-Augustin Canada Electric Inc.), is a major
supplier of heavy-duty electrical equipment for the power generation business. announced. Growing
market trends in concentrating solar. With this deal, the company was able to strengthen its huge place
in the growing renewable energy industry and offer its full range of products in the global solar energy
market. Another big company called EnerTech made a strategic investment and partnership deal with a
growing company called Morgan Solar Inc. to increase its footprint and move up in the concentrating
solar market analysis. Under the terms of the acquisition deal, EnerTech managed and planned things
like investing in MSI and basically transferring modern solar concentrating technology to other countries
like Kuwait and the Middle East.
Concentrating solar cells has been around since the 1970s, but it is growing and is now getting to the
point where it can be sold. Over the next few years, the incredible growth rate of concentrating solar

power is growing. It has a strong influence on the global stage as a technology that has the potential to
solve the world's energy problems. These days, the market is very famous and doing very well. Many
emerging markets for concentrating solar power (CPV) and large countries like India, China, and Brazil
are likely to grow quickly over the next few years.
COVID19 has mostly messed up the whole supply chain and lowered the value of the concentrated solar
market. Also, the long lockdown has lowered the morale of big companies in the sector and had other
bad effects. Modern tactics have been used by major players to keep or grow their market share. Global
companies use mergers and acquisitions to focus on sales in the photovoltaic market. After that, they
form agreements and work together.
Regional Outlook:
In 2016, Asia-Pacific was the biggest market by volume, with a share of just over 50.0%. China is the
main driver of demand in this area. From 2017 to 2025, China's CAGR was 12.2%. The Chinese
government's 13th Five-Year Plan tries to reduce the country's carbon footprint, which is driving CPV
installations in China. It also has a high direct normal irradiance to China, which is expected to boost the
market.The Middle East and Africa are projected to grow at the second-fastest rate. Rising installations
in South Africa are the main reason for this. Dune-covered areas get the most sunlight per square foot,
which makes it much easier to put CPV. During the forecast period, upcoming solar projects in Morocco
and Jordan are likely to add to the demand for concentrating solar power.From 2017 to 2025, the North
American CPV market is projected to grow at a compound annual growth rate (CAGR) of 10.9%. Most of
the market for this technology comes from the United States and Canada, where state and federal
policies are good for it. Over the next few years, more CPVs are likely to be installed because of laws and
tax breaks.
Buy this Premium Research Report@
https://www.contrivedatuminsights.com/buy/9776
Customization of the Report: The report can be customized as per client needs or requirements. For
any queries, you can contact us on anna@contrivedatuminsights.com or +1 215-297-4078. Our sales
executives will be happy to understand your needs and provide you with the most suitable reports.
Market Scope
On the basis of By Type, the market has been segmented as follows:

 LCPV
 HCPV
On the basis of By Application, the market has been segmented as follows:
 Commercial
 Utility-Scale
 Others
On the basis of Companies
 Arzon Solar (Amonix),
 Isofoton S.A.,
 Magpower,
 Semprius Inc.,
 Soitec,
 Solar Junction,
 Others.
On the basis of Geography
 NORTH AMERICA
 EUROPE
 ASIA PACIFIC
 MIDDLE EAST AFRICA
 SOUTH AMERICA
About Us:
Contrive Datum Insights (CDI) is a global delivery partner of market intelligence and consulting
services to officials at various sectors such as investment, information technology,
telecommunication, consumer technology, and manufacturing markets. CDI assists investment
communities, business executives, and IT professionals to undertake statistics-based accurate
decisions on technology purchases and advance strong growth tactics to sustain market
competitiveness. Comprising of a team size of more than 100 analysts and cumulative market

experience of more than 200 years, Contrive Datum Insights guarantees the delivery of industry
knowledge combined with global and country-level expertise.
Social: Facebook / LinkedIn / Twitter
Contact Us:
Anna B. | Head Of Sales
Contrive Datum Insights
Phone: +91 9834816757 | +1 2152974078
Email: anna@contrivedatuminsights.com
Website:
https://www.contrivedatuminsights.com
Contrive Datum Insights Press Releases
Latest Contrive Datum Insights Latest Reports

Disclaimer
CDI ensures constant monitoring of the quality of information available on our website. Updates
of new products are easily available. However, we at CDI do not accept any legal liability arising
whatsoever from any possible complaint any of our clients might have, which may be directly or
indirectly related to the accuracy and completeness of any of the facts and figures contained in
the contents of any of the products available through our website.
Third-party perceptions and analyses, which are based on their own comprehension of current
market realities, in any sphere or geography, are incorporated in the products available on the
CDI website. While we do subject all submissions made by authors and publishing houses to
rigorous in-house scrutiny, for possible plagiarism or copyright violations, we accept them in good
faith, but such acceptance on our part does not constitute our endorsement of the material in
question.
It is the sole responsibility of our clients (individual and institutional) to verify the contents of any
of our products and seek professional advice, should they so deem fit, to determine its
relevance and reliability. This is critical considering the inherently volatile nature of most
markets globally which are constantly in a state of flux. CDI’s in-house team of experts, can
however, upon special request by our clients, provide whatever assistance possible, aimed at
facilitating a decision on whether or not to purchase a product.

Concentrated Photovoltaic (CPV) Market.pdf

Recommended

Recommended

More Related Content

Similar to Concentrated Photovoltaic (CPV) Market.pdf

Similar to Concentrated Photovoltaic (CPV) Market.pdf (20)

More from subishsam

More from subishsam (20)

Recently uploaded

Recently uploaded (20)

Concentrated Photovoltaic (CPV) Market.pdf