Concentrating solar PV poised for growth

Solar market analysts, IHS, see the global market for concentrated solar photovoltaics entering a phase of "explosive growth".

The solar market has been dominated by traditional rooftop and utility-scale photovoltaic systems for years now, systems reliant solely upon solar panels to be situated in stationary positions to capture the most sunlight possible. However, according to information company IHS, the solar industry may soon see a new technological-player develop prominence over the rest of this decade.

According to IHS, “the global market for concentrated photovoltaic (CPV) systems is entering a phase of explosive growth” — growth that IHS predicts will see installations boom by 750% by the end of 2020.

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