Daily News for Energy & Environment

World: The cost of solar cells is steadily declining according to a new CPV report

WiseGuyReports published a new report, titled “Global Concentrated Photovoltaic (CPV) Sales Market Report.” According to the report, cost of solar cells is steadily declining, Concentrated Photovoltaic (CPV) is facing a great crisis.

Because of the industry still being in the leading stage of technology, a project needs to raise a lot of money and once more, industry gross margin is smaller. So, after 2013, there are large enterprises that chose to close, exit and transfer business from Concentrated Photovoltaic (CPV). However, these players still keep a very positive wait-and-see attitude towards Concentrated Photovoltaic (CPV).

By comparing the IHS statistics of CPV installation data, as well as interviews with the industry experts, there will be a phase of outbreak of growth in Central America, Africa, India, Southeast Asia, etc. in the next few years.

The global Concentrated Photovoltaic (CPV) installation reached 328 MW at the end of 2016, and is forested to reach 1147 MW in 2022. America, China & South East Asia and Europe are major countries install Concentrated Photovoltaic (CPV) in the world, accounting for more than 83.86% of the world in 2016. APAC dominates the global demand market for Concentrated Photovoltaic (CPV) and the trend is anticipated to continue for a foreseeable future.

 

 

Get a sample of this report here.

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