Global CPV capacity to hit almost 1.2 GW by 2016 - IMS Research

Sep 28, 2012 - Global concentrated photovoltaic (CPV) installations are expected to reach nearly 1.2 GW by 2016,
a report by IMS Research published on Wednesday showed.

In 2012 alone, global CPV systems are forecast to increase two times to nearly 90 MW, with market revenues surging over 60% to USD 325 million (EUR 251m), according to the report.

While high concentration PV (HCPV) installations are expected to dominate the market this year, low concentration PV systems are predicted to grow rapidly over the next years and account for 20% of the CPV market by 2016.

The report's co-author Jemma Davies said CPV suppliers were expected to have a 13% share of the target market in the US in 2012, which would increase to 27% by 2016.

Overall, CPV is projected to take a share of 18% by 2016 of its target market -- ground mount systems with a high direct normal irradiance (DNI) of over 6 kWh per sq m per day.

The US, Central America, the Middle East and Africa, excluding South Africa, will be the most attractive CPV markets. Growth is expected to be particularly strong in regions such as the US southwest, Chile, Saudi Arabia and Morocco as the conditions there are quite suitable for CPV, the report claims.

(USD 1.0 = EUR 0.774)

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