집광형 태양열발전(CPV) 시장 - 세계 산업 규모, 점유율, 동향, 기회, 예측 : 제품별, 용도별, 집광레벨별, 지역별＆경쟁(2021-2031년)

The Global Concentrator Photovoltaic Market is projected to expand from USD 1.17 Billion in 2025 to USD 2.27 Billion by 2031, reflecting a CAGR of 11.68%. Concentrator Photovoltaics (CPV) technology employs optical components, such as mirrors or lenses, to focus sunlight onto compact, high-efficiency multi-junction solar cells. Major factors driving market growth include the superior power conversion rates of this technology and its ability to drastically lower semiconductor material usage. Moreover, these systems operate optimally in areas with high direct normal irradiance, making them particularly well-suited for utility-scale implementation in arid climates. As reported by the IEA Photovoltaic Power Systems Programme, concentrator photovoltaic modules attained conversion efficiencies surpassing 35% in 2024, demonstrating a clear performance edge over traditional technologies.

However, widespread market expansion is significantly hindered by the requirement for high-precision dual-axis tracking systems. These mechanisms are crucial for maintaining strict optical alignment with the sun, yet they substantially increase both initial capital costs and operational complexity. This financial disadvantage, especially when compared to the rapid cost reductions of standard silicon-based photovoltaic panels, creates a competitive gap that restricts CPV adoption to niche scenarios where space optimization and abundant solar resources warrant the investment.

Market Driver

Advancements in multi-junction solar cell technology act as a primary catalyst for the Global Concentrator Photovoltaic (CPV) Market, delivering performance levels that standard silicon options cannot rival. Unlike single-junction cells, these advanced devices employ layered III-V semiconductor materials to capture a wider spectrum of solar energy, thereby maximizing electricity output per unit area. This efficiency is essential for lowering the Levelized Cost of Energy (LCOE) in regions where land is scarce. According to the 'Photovoltaics Report' by Fraunhofer ISE in February 2024, multi-junction solar cells under concentration have sustained a record laboratory efficiency of 47.6%, far exceeding the theoretical limits of conventional photovoltaic technologies, which drives the adoption of CPV systems in applications requiring maximum power density.

The rising demand for utility-scale solar power projects further fuels market growth, especially in high-insolation zones where optical concentration is most effective. As utility providers integrate high-efficiency solutions, the industrial supply chain for CPV materials has experienced increased activity. For instance, 5N Plus Inc. reported a 17% revenue increase in its Space and Renewable Energy sector in its 'First Quarter 2024 Financial Results' released in May 2024, signaling growing demand for the specialized semiconductor substrates needed for multi-junction cell manufacturing. This sectoral expansion aligns with a broader surge in clean energy deployment; the International Energy Agency's 'Renewables 2023' report from January 2024 noted a 50% increase in global renewable capacity additions in 2023, creating a supportive investment environment for advanced solar technologies like CPV.

Market Challenge

The requirement for high-precision dual-axis tracking systems presents a significant obstacle to the growth of the Global Concentrator Photovoltaic (CPV) Market. Unlike conventional solar panels that operate effectively on fixed mounts, CPV optics mandate strict, continuous alignment with direct sunlight to focus energy onto multi-junction cells. This technical necessity requires complex, heavy-duty mechanical infrastructures that greatly inflate initial capital expenditures. Additionally, the reliance on moving parts introduces ongoing operational risks and maintenance obligations, creating a level of complexity often perceived as a liability by project developers who prioritize reliable, low-maintenance energy assets.

This mechanical and financial burden places CPV at a serious competitive disadvantage compared to the simplicity and rapidly falling costs of standard photovoltaic technologies. The resulting economic disparity has effectively marginalized CPV, preventing it from achieving the economies of scale needed for widespread adoption. As highlighted by Fraunhofer ISE in 2024, silicon wafer-based technology comprised approximately 98% of total global photovoltaic production. This overwhelming dominance of standard silicon panels emphasizes the difficulty concentrator systems face in competing outside of niche utility-scale applications in high-irradiance regions where their specific optical properties justify the substantial investment.

Market Trends

The commercialization of Micro-Concentrator Photovoltaic (Micro-CPV) technologies is transforming the market by facilitating dual-use applications, specifically within the agrivoltaic sector. Unlike traditional massive trackers, micro-CPV designs employ integrated planar optical micro-tracking layers that concentrate direct sunlight onto cells while permitting diffuse light to reach crops below. This innovation resolves land-use conflicts by converting agricultural land into energy-generating assets without harming crop yields. According to a September 2024 press release by Eaton regarding 'Eaton and Insolight explore the future of sustainable farming', Insolight intends to launch over 100 projects by 2026 that will collectively generate over 300 MWp, with 66 MWp currently in development.

Concurrently, the emergence of Hybrid CPV-Thermal Systems for Dual Energy Generation offers a new value proposition by addressing renewable energy intermittency. These systems co-generate electricity and recoverable heat, which can be stored thermally to supply dispatchable power on demand, effectively competing with fossil fuel peaker plants. This architecture extends CPV capabilities beyond simple kilowatt-hour generation into the valuable energy storage and grid stability markets. As reported by Renewables Now in April 2024, in the article 'Thermal storage co RayGen pockets USD 32m in growth capital', RayGen Resources Pty Ltd secured AUD 50 million to expand manufacturing for its proprietary system that merges concentrated photovoltaic generation with thermal water-based storage.

Key Market Players

• First Solar, Inc.
• Azzurro Group
• ArcelorMittal Solar
• Envision Energy
• Huaneng First Solar
• eSolar
• AREVA Solar
• Abengoa Solar
• BrightSource Energy
• Solar Trust of America

Report Scope

In this report, the Global Concentrator Photovoltaic Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Concentrator Photovoltaic Market, By Product

• Reflector
• Refractor

Concentrator Photovoltaic Market, By Application

• Utility
• Commercial

Concentrator Photovoltaic Market, By Concentration Level

• High
• Low

Concentrator Photovoltaic Market, By Region

• North America
  • United States
  • Canada
  • Mexico
• Europe
  • France
  • United Kingdom
  • Italy
  • Germany
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
• South America
  • Brazil
  • Argentina
  • Colombia
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Concentrator Photovoltaic Market.

Available Customizations:

Global Concentrator Photovoltaic Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Table of Contents

1. Product Overview

• 1.1. Market Definition
• 1.2. Scope of the Market
  • 1.2.1. Markets Covered
  • 1.2.2. Years Considered for Study
  • 1.2.3. Key Market Segmentations

2. Research Methodology

• 2.1. Objective of the Study
• 2.2. Baseline Methodology
• 2.3. Key Industry Partners
• 2.4. Major Association and Secondary Sources
• 2.5. Forecasting Methodology
• 2.6. Data Triangulation & Validation
• 2.7. Assumptions and Limitations

3. Executive Summary

• 3.1. Overview of the Market
• 3.2. Overview of Key Market Segmentations
• 3.3. Overview of Key Market Players
• 3.4. Overview of Key Regions/Countries
• 3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Concentrator Photovoltaic Market Outlook

• 5.1. Market Size & Forecast
  • 5.1.1. By Value
• 5.2. Market Share & Forecast
  • 5.2.1. By Product (Reflector, Refractor)
  • 5.2.2. By Application (Utility, Commercial)
  • 5.2.3. By Concentration Level (High, Low)
  • 5.2.4. By Region
  • 5.2.5. By Company (2025)
• 5.3. Market Map

6. North America Concentrator Photovoltaic Market Outlook

• 6.1. Market Size & Forecast
  • 6.1.1. By Value
• 6.2. Market Share & Forecast
  • 6.2.1. By Product
  • 6.2.2. By Application
  • 6.2.3. By Concentration Level
  • 6.2.4. By Country
• 6.3. North America: Country Analysis
  • 6.3.1. United States Concentrator Photovoltaic Market Outlook
    • 6.3.1.1. Market Size & Forecast
      • 6.3.1.1.1. By Value
    • 6.3.1.2. Market Share & Forecast
      • 6.3.1.2.1. By Product
      • 6.3.1.2.2. By Application
      • 6.3.1.2.3. By Concentration Level
  • 6.3.2. Canada Concentrator Photovoltaic Market Outlook
    • 6.3.2.1. Market Size & Forecast
      • 6.3.2.1.1. By Value
    • 6.3.2.2. Market Share & Forecast
      • 6.3.2.2.1. By Product
      • 6.3.2.2.2. By Application
      • 6.3.2.2.3. By Concentration Level
  • 6.3.3. Mexico Concentrator Photovoltaic Market Outlook
    • 6.3.3.1. Market Size & Forecast
      • 6.3.3.1.1. By Value
    • 6.3.3.2. Market Share & Forecast
      • 6.3.3.2.1. By Product
      • 6.3.3.2.2. By Application
      • 6.3.3.2.3. By Concentration Level

7. Europe Concentrator Photovoltaic Market Outlook

• 7.1. Market Size & Forecast
  • 7.1.1. By Value
• 7.2. Market Share & Forecast
  • 7.2.1. By Product
  • 7.2.2. By Application
  • 7.2.3. By Concentration Level
  • 7.2.4. By Country
• 7.3. Europe: Country Analysis
  • 7.3.1. Germany Concentrator Photovoltaic Market Outlook
    • 7.3.1.1. Market Size & Forecast
      • 7.3.1.1.1. By Value
    • 7.3.1.2. Market Share & Forecast
      • 7.3.1.2.1. By Product
      • 7.3.1.2.2. By Application
      • 7.3.1.2.3. By Concentration Level
  • 7.3.2. France Concentrator Photovoltaic Market Outlook
    • 7.3.2.1. Market Size & Forecast
      • 7.3.2.1.1. By Value
    • 7.3.2.2. Market Share & Forecast
      • 7.3.2.2.1. By Product
      • 7.3.2.2.2. By Application
      • 7.3.2.2.3. By Concentration Level
  • 7.3.3. United Kingdom Concentrator Photovoltaic Market Outlook
    • 7.3.3.1. Market Size & Forecast
      • 7.3.3.1.1. By Value
    • 7.3.3.2. Market Share & Forecast
      • 7.3.3.2.1. By Product
      • 7.3.3.2.2. By Application
      • 7.3.3.2.3. By Concentration Level
  • 7.3.4. Italy Concentrator Photovoltaic Market Outlook
    • 7.3.4.1. Market Size & Forecast
      • 7.3.4.1.1. By Value
    • 7.3.4.2. Market Share & Forecast
      • 7.3.4.2.1. By Product
      • 7.3.4.2.2. By Application
      • 7.3.4.2.3. By Concentration Level
  • 7.3.5. Spain Concentrator Photovoltaic Market Outlook
    • 7.3.5.1. Market Size & Forecast
      • 7.3.5.1.1. By Value
    • 7.3.5.2. Market Share & Forecast
      • 7.3.5.2.1. By Product
      • 7.3.5.2.2. By Application
      • 7.3.5.2.3. By Concentration Level

8. Asia Pacific Concentrator Photovoltaic Market Outlook

• 8.1. Market Size & Forecast
  • 8.1.1. By Value
• 8.2. Market Share & Forecast
  • 8.2.1. By Product
  • 8.2.2. By Application
  • 8.2.3. By Concentration Level
  • 8.2.4. By Country
• 8.3. Asia Pacific: Country Analysis
  • 8.3.1. China Concentrator Photovoltaic Market Outlook
    • 8.3.1.1. Market Size & Forecast
      • 8.3.1.1.1. By Value
    • 8.3.1.2. Market Share & Forecast
      • 8.3.1.2.1. By Product
      • 8.3.1.2.2. By Application
      • 8.3.1.2.3. By Concentration Level
  • 8.3.2. India Concentrator Photovoltaic Market Outlook
    • 8.3.2.1. Market Size & Forecast
      • 8.3.2.1.1. By Value
    • 8.3.2.2. Market Share & Forecast
      • 8.3.2.2.1. By Product
      • 8.3.2.2.2. By Application
      • 8.3.2.2.3. By Concentration Level
  • 8.3.3. Japan Concentrator Photovoltaic Market Outlook
    • 8.3.3.1. Market Size & Forecast
      • 8.3.3.1.1. By Value
    • 8.3.3.2. Market Share & Forecast
      • 8.3.3.2.1. By Product
      • 8.3.3.2.2. By Application
      • 8.3.3.2.3. By Concentration Level
  • 8.3.4. South Korea Concentrator Photovoltaic Market Outlook
    • 8.3.4.1. Market Size & Forecast
      • 8.3.4.1.1. By Value
    • 8.3.4.2. Market Share & Forecast
      • 8.3.4.2.1. By Product
      • 8.3.4.2.2. By Application
      • 8.3.4.2.3. By Concentration Level
  • 8.3.5. Australia Concentrator Photovoltaic Market Outlook
    • 8.3.5.1. Market Size & Forecast
      • 8.3.5.1.1. By Value
    • 8.3.5.2. Market Share & Forecast
      • 8.3.5.2.1. By Product
      • 8.3.5.2.2. By Application
      • 8.3.5.2.3. By Concentration Level

9. Middle East & Africa Concentrator Photovoltaic Market Outlook

• 9.1. Market Size & Forecast
  • 9.1.1. By Value
• 9.2. Market Share & Forecast
  • 9.2.1. By Product
  • 9.2.2. By Application
  • 9.2.3. By Concentration Level
  • 9.2.4. By Country
• 9.3. Middle East & Africa: Country Analysis
  • 9.3.1. Saudi Arabia Concentrator Photovoltaic Market Outlook
    • 9.3.1.1. Market Size & Forecast
      • 9.3.1.1.1. By Value
    • 9.3.1.2. Market Share & Forecast
      • 9.3.1.2.1. By Product
      • 9.3.1.2.2. By Application
      • 9.3.1.2.3. By Concentration Level
  • 9.3.2. UAE Concentrator Photovoltaic Market Outlook
    • 9.3.2.1. Market Size & Forecast
      • 9.3.2.1.1. By Value
    • 9.3.2.2. Market Share & Forecast
      • 9.3.2.2.1. By Product
      • 9.3.2.2.2. By Application
      • 9.3.2.2.3. By Concentration Level
  • 9.3.3. South Africa Concentrator Photovoltaic Market Outlook
    • 9.3.3.1. Market Size & Forecast
      • 9.3.3.1.1. By Value
    • 9.3.3.2. Market Share & Forecast
      • 9.3.3.2.1. By Product
      • 9.3.3.2.2. By Application
      • 9.3.3.2.3. By Concentration Level

10. South America Concentrator Photovoltaic Market Outlook

• 10.1. Market Size & Forecast
  • 10.1.1. By Value
• 10.2. Market Share & Forecast
  • 10.2.1. By Product
  • 10.2.2. By Application
  • 10.2.3. By Concentration Level
  • 10.2.4. By Country
• 10.3. South America: Country Analysis
  • 10.3.1. Brazil Concentrator Photovoltaic Market Outlook
    • 10.3.1.1. Market Size & Forecast
      • 10.3.1.1.1. By Value
    • 10.3.1.2. Market Share & Forecast
      • 10.3.1.2.1. By Product
      • 10.3.1.2.2. By Application
      • 10.3.1.2.3. By Concentration Level
  • 10.3.2. Colombia Concentrator Photovoltaic Market Outlook
    • 10.3.2.1. Market Size & Forecast
      • 10.3.2.1.1. By Value
    • 10.3.2.2. Market Share & Forecast
      • 10.3.2.2.1. By Product
      • 10.3.2.2.2. By Application
      • 10.3.2.2.3. By Concentration Level
  • 10.3.3. Argentina Concentrator Photovoltaic Market Outlook
    • 10.3.3.1. Market Size & Forecast
      • 10.3.3.1.1. By Value
    • 10.3.3.2. Market Share & Forecast
      • 10.3.3.2.1. By Product
      • 10.3.3.2.2. By Application
      • 10.3.3.2.3. By Concentration Level

11. Market Dynamics

• 11.1. Drivers
• 11.2. Challenges

12. Market Trends & Developments

• 12.1. Merger & Acquisition (If Any)
• 12.2. Product Launches (If Any)
• 12.3. Recent Developments

13. Global Concentrator Photovoltaic Market: SWOT Analysis

14. Porter's Five Forces Analysis

• 14.1. Competition in the Industry
• 14.2. Potential of New Entrants
• 14.3. Power of Suppliers
• 14.4. Power of Customers
• 14.5. Threat of Substitute Products

15. Competitive Landscape

• 15.1. First Solar, Inc.
  • 15.1.1. Business Overview
  • 15.1.2. Products & Services
  • 15.1.3. Recent Developments
  • 15.1.4. Key Personnel
  • 15.1.5. SWOT Analysis
• 15.2. Azzurro Group
• 15.3. ArcelorMittal Solar
• 15.4. Envision Energy
• 15.5. Huaneng First Solar
• 15.6. eSolar
• 15.7. AREVA Solar
• 15.8. Abengoa Solar
• 15.9. BrightSource Energy
• 15.10. Solar Trust of America

16. Strategic Recommendations

17. About Us & Disclaimer