South Africa and China Boosting Global Concentrated Photovoltaic Market by 2020


credited_Solar-Systems-CPV-in-AustraliaSouth Africa’s climatic conditions are highly suited to CPV technology, due to high Direct Normal Irradiance (DNI) rates throughout most of the country and the availability of vast acres of land. South Africa’s first CPV plants were commissioned in 2010 with a combined capacity of 0.2 MW, but the country now has the world’s third-largest installed CPV capacity, despite having an installed Photovoltaic capacity of 1.5 GW. While South Africa’s CPV installed capacity is expected to hit 193.3 MW by 2020, China will lead the global markets with 582.3 MW by 2020. China remains the fastest growing CPV market in the world, high DNI concentration levels in the western part of the country, combined with China’s manufacturing capacity, has made it home to the largest existing CPV plants and the highest number of upcoming large-scale plants.

GlobalData’s Concentrated Photovoltaic (CPV) Market, Update 2015 – Global Market Size, Competitive Landscape and Key Country Analysis to 2020 report provides analysis of historic and forecast statistics for cumulative and annual concentrated photovoltaic (CPV) capacity and annual electricity generation from 2006 to 2020.

This report includes:

  • Market share of manufacturers globally and in each of the key countries
  • Major policies and regulations affecting the concentrated photovoltaic market
  • Key growth drivers and challenges related to the global CPV market

China will still represent a major part of the global installed CPV capacity in 2020, where does South Africa stand? Find out more.

Published by Anjali Kalan

Director of Aarkstore.com, Aarkstore is amongst the best market research platform on the internet with online database of spanning several industry categories like healthcare, defense, FMCG etc. It aims at enhancing business opportunities by providing intensive market research reports tapping every possible segment based on geography, consumers, consumer behavior, current industry trends and a lot more. It has a widespread data on profiles and reports through crisp online industry analysis. Aarkstore also furnishes customized reports, SWOT analysis on companies and markets, providing a cutting edge view to the intricacies of business possibilities.

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