South Africa and China Boosting Global Concentrated Photovoltaic Market by 2020

Market Research Reports | Industry Analysis

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…

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