16 Mar 2011 04:03:03
Analysts predict CPV to triple in 1 year
Installed CPV capacity will grow at a compound annual growth rate (CAGR) of 174% through 2015, according to market analysts at the research consultancy Strategy Analytics. The new estimates illustrate a potential tripling of the market in just the course of one year. One of the firm's analyst said that installations represent 16.3 MW, which is currently 0.1% of the total PV market. However, he added that CPV technology could be breaking the 1GW barrier by 2014 or 2015 if growth estimates stay on track.