Global Concentrated Photovoltaic Market Worth US$266.0 million by 2014

WILMINGTON, Delaware, November 24 - According to the new market research report, 'Concentrated
Photovoltaic and Solar Photovoltaic Global Markets (2009 - 2014)', published
by MarketsandMarkets (www.marketsandmarkets.com), the total concentrated
photovoltaic market is expected to be worth US$266.0 million by 2014, growing
at a CAGR of 33.0% from 2009 to 2014. Europe is expected to command the
maximum market share at 59.3%, followed by the Americas, which are expected
to hold 32% of the global concentrated photovoltaic market.

Browse 41 market data tables and in-depth TOC on Concentrated PV and
Solar PV market.

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The Concentrated Photovoltaic (CPV) market includes the
submarkets for Low Concentration Photovoltaic (LCPV), Medium Concentration
Photovoltaic (MCPV), and High Concentration Photovoltaic (HCPV). The CPV
market is still in a nascent stage but is developing rapidly due to the
finite nature of non-renewable sources of energy, and the increasing demand
for higher output and green energy. The CPV market is estimated to reach
$266.0 million in 2014 from about $63.9 million in 2009.

Among all segments, HCPV commands the largest share of global
CPV market, and is also expected to have the highest CAGR of 39.1% from 2009
to 2014. The conversion of HCPV systems lowers land requirement, and
facilitates higher energy output at lower costs. HCPV technology is thus
expected to achieve cost parity with conventional sources of electricity at a
faster rate than other CPV technologies.

The initial high growth opportunity for the CPV market lies in
regions with high direct normal irradiance (DNI) or direct solar radiation
and high cost of grid electricity. These regions include southwest America,
southwest Europe, western and central Australia, the Middle East, and
northern Africa. While technology developments in the CPV systems market are
currently concentrated in Spain, Germany, and the U.S.; government support
for CPV technologies in countries such as India, China, Japan, and Australia
are expected to drive future market growth.

The global solar PV market is expected to grow with a CAGR of
12.5% during 2009 - 2014 to reach $38.1 billion in 2014. Crystalline silicon
PV holds the largest market share of 82%; while the thin film silicon market
is expected to have highest growth rate of 28.2% from 2009 to 2014.

Scope of the report

The report aims to identify and analyze the global market for
concentrated photovoltaic and solar photovoltaic systems. It categorizes the
overall market as follows:

    - Concentrated Photovoltaic- Products
      HCPV, MCPV and LCPV.

    - Concentrated Photovoltaic - Application
      Present: utilities. Future: space, telecommunication, water
      pumping, grid-connected residential power, and rooftop applications.

    - Concentrated Photovoltaic - Technology
      Lenses and mirrors based on concentrator type, enhanced flat
      plate, trough Fresnel lenses, dual optic single cell, dish reflectors
      and central receivers based on concentrator arrangement.

    - Solar Photovoltaic - Products
      Crystalline silicon PV, thin film PV, and other thin film PV cells.

    - Solar Photovoltaic - Applications
      Automotive, consumer products, grid connected power supply,
      residential power supply, commercial lightings water pumping, and
      others (electric fences, telecommunications, gate openers)

    - Tracking Solutions for CPV and Non CPV Products

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Contact: Ms. Sunita, 108, West 13th Street, Wilmington, DE, 19801, County of New Castle, Tel: +1-888-989-8004, Email: sales at marketsandmarkets.com