PV (Photovoltaics) Market Size By Regional Analysis(Europe, Asia Pacific, America, Middle East And Africa), By Demand & COVID-19 Impact Analysis, By Type, By Applications And Forecasts 2023 - 2030
Report Overview
The market research report is created with a compilation of analytical research based on historic records, current statistics, and future predictions. The report contains details on the leading players operating in the PV (Photovoltaics) market including various factors related to and dependent influencing the market growth.
Solar PV is one kind of device made from crystalline silicon or thin film which converts solar energy into electricity by a process known as the photovoltaic effect. The key indicator for solar PV is conversion efficiency.
In this report, the statistical product is considered from the solar module, the statistical data is considered from the shipment volume.
Solar PV Industry achieved rapid development these years; Global capacity and production have a great development. In 2016, Global Market Size of Solar PV is nearly 38594.78 M USD; the actual sale is about 70546 MW.
China is the largest Solar PV region of Solar PV, with a sales market share nearly 31.94% in 2016. Asia pacific owns the largest market share comparing with Europe and North America, indicating the strong demand of Solar PV products.
The cost of PV has dropped dramatically as the industry has scaled up manufacturing and incrementally improved the technology with new materials. Installation costs have come down too with more experienced and trained installers. However, the U.S. still remains behind other nations that have stronger national policies to shift energy use from fossil fuels to solar. Globally, the U.S. is the fourth largest market for PV installations behind world leaders Germany, Japan and Spain.
Most modern solar cells are made from either crystalline silicon or thin-film semiconductor material. Silicon cells are more efficient at converting sunlight to electricity, but generally have higher manufacturing costs. Thin-film materials typically have lower efficiencies, but can be simpler and less costly to manufacture. A specialized category of solar cells - called multi-junction or tandem cells - are used in applications requiring very low weight and very high efficiencies, such as satellites and military applications. All types of PV systems are widely used today in a variety of applications.
Although there are many pessimistic factors, but the Solar PV industry is a clear development trend from 2016, the installation of Solar PV was about 70.55 GW, a huge increase compared to 2015. And in 2020, it is expected that the installation will have a great increase. Undoubtedly, the total capacity and production of Solar PV will be expanding in the following years.
The PV (Photovoltaics) market was valued at 42700 Million US$ in 2020 and is projected to reach 105700 Million US$ by 2030, at a CAGR of 12.0% during the forecast period. In this study, 2023 has been considered as the base year and 2023 to 2030 as the forecast period to estimate the market size for PV (Photovoltaics).
The report is prepared using analytical methods such as SWOT (strengths, weaknesses, opportunities, and threats)) analysis, PESTEL Analysis, Porter\'s Five Force Analysis, and value chain analysis. These methods provide a clear view of the market structure and analyze competition at a global level. They also provide detailed information on each segment in the global PV (Photovoltaics) market.
The aim of the report is to interpret the market sizes of various segments and countries for the forecast period. The study includes the qualitative and quantitative analysis of the market. The report analyses the PV (Photovoltaics) market on a regional and global level with a deep analysis of macro-and micro-economic factors impacting the growth of the market. This report also includes market information related to the latest industry trends, market developments, and analysis of products and end users contributing to market growth. An in-depth study of the current market scenario, major driving factors, and restraining factors for the market are also included in the report.
The PV (Photovoltaics) market report includes information related to market segmentation, market size and revenue forecasts, and regional forecasts along with information about the leading market players operating in the market, company revenue shares and, their recent developments. The market is classified regionally on country-level into North America, Europe, Asia Pacific, the Middle East and Africa, and South America.
Scope of the PV (Photovoltaics) Market:
The major competitors working in the market are:
, Jinko Solar, Trina Solar, Canadian Solar, Hanwha, JA Solar, First Solar, ReneSola, Yingli, SunPower, Eging PV, Chint Group, Shunfeng, Risen, Solarworld, REC Group, CSUN, Hareonsolar, Kyocera Solar, Solar Frontier, HT-SAAE, SoloPower, NSP, Hanergy
Market by Order Type
Single Crystal Silicon
Polycrystalline Silicon
Other
PV (Photovoltaics) Data by Application
Residential
Commercial
Ground Station
PV (Photovoltaics) Regions Covered in the Report are:
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Rest of the World
The information about the PV (Photovoltaics) market is obtained from several sources such as company websites, journals, annual reports, which were then assessed and verified by the industry experts. The information is represented in the form of diagrams, charts, pie charts, and infographics, which helps in a better understanding of the market.
Objectives of PV (Photovoltaics) Market Report:
- To analyze the factors driving the market growth including supply chain analysis, price analysis along with other analytical methods
- To provide an in-depth analysis of the PV (Photovoltaics) market with information on various segment and sub-segments
- To provide a regional analysis and global analysis for the PV (Photovoltaics) market size and their forecasts
- To provide strategic profiles of the key players operating in the PV (Photovoltaics) market, their key competencies, and market competition
- To provide a competitive scenario about the key factors driving, restraining, and challenging the market growth.
- The impact of COVID-19 pandemic on the PV (Photovoltaics) market
Target Audiences for PV (Photovoltaics) Market:
- Investors
- Investment Bankers
- Key Consulting Companies and Advisors
- Venture Capitalists
- Large, Medium-sized, and Small enterprises
Customization:
We also provide customized reports according to customer\'s specific requirements. We also provide customization for regional and country-level reports individually.
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