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The global Concentrated Photovoltaic (CPV) market was valued at 66.56 Million USD in 2020 and will grow with a CAGR of 7.31% from 2020 to 2027, based on Our Researcher newly published report.The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches.
Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).Concentrated Photovoltaic (CPV) is a photovoltaic technology that generates electricity from sunlight.
Ongoing research and development is rapidly improving their competitiveness in the utility-scale segment and in areas of high insolation.
Because the industry is still in the leading stage of technology, a project need to raise a lot of money, what is more, industry gross margin is smaller.
So, after 2013, there are large enterprises choose to close, exit, transfer business from Concentrated Photovoltaic (CPV).
However, these players still keeps a very positive wait-and-see attitude towards Concentrated Photovoltaic (CPV).
