Business Opportunity and Future of Americas Concentrated Photovoltaic (CPV) Market
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America is one of the growing markets for concentrated photovoltaic due to increasing power demands and governmental regulations. The U.S. shows large investments in power plant projects by using CPV technologies. The U.S. alone holds 98% share of the CPV Americas market. CPV systems have the highest competence and can manufacture more energy per watt compared to conventional solar PV systems and therefore it is a more cost efficient solution. This is one of the key reasons for enhanced concentrated photovoltaic market in America.
The American Concentrated Photovoltaic Market (CPV) is estimated at $246.9 million in 2014 and is forecasted to reach $511.2 million by 2019, at a CAGR of 15.7% from 2014 to 2019. The U.S. market in concentrated photovoltaic accounts for $243 million in 2014.
The American Concentrated Photovoltaic Market (CPV) is estimated at $246.9 million in 2014 and is forecasted to reach $511.2 million by 2019, at a CAGR of 15.7%