South Africa and China to boost the Global Concentrated Photovoltaic Market by 2020
While China and the US are the largest CPV markets globally, South Africa is expected to make a significant impact on the global arena over the course of the forecast period. South 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 expanses of land. South Africa’s CPV installed capacity will hit 193.3 MW by 2020, while China will lead the world with 582.3 MW by the end of the forecast period. The Chinese government has targeted 100 GW of installed solar capacity by 2020, but there has been speculation that the target will be revised to 200 GW.
GlobalData’s Concentrated Photovoltaic (CPV) Market, Update 2015 – Global Market Size, Competitive Landscape and Key Country Analysis to 2020 report provides analysis of historic and forecast statistics for cumulative and annual concentrated photovoltaic (CPV) capacity and annual electricity generation from 2006 to 2020.
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