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Solar Photovoltaic (PV) - Global Market Outlook (2018-2027)

Solar Photovoltaic (PV) - Global Market Outlook (2018-2027)

Published: May 2020 ID: SMRC19141
Published: May 2020 ID: SMRC19141

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Solar Photovoltaic (PV) Market is expected to grow at a CAGR of 6.3% during the forecast period. Rising need for sustainable energy resources, coupled with favorable government regulations to reduce dependency on fossil fuels are the major factors propelling the market growth. However, factors such as high installation cost and poor maintenance practices are hampering the market growth.

Photovoltaics is the process of converting light into electricity utilizing semiconducting materials that exhibit the photovoltaic effect and produces electric power by utilizing solar cells to convert energy from the sun to flow of electrons by the photovoltaic effect. Solar cells produce direct current electricity from sunlight which can be utilized to power equipment or to recharge a battery.

Based on the deployment, the ground mounted segment is going to have a lucrative growth during the forecast period due to various large-scale ground-mounted solar projects emerging economies, such as China, India, and Brazil. By geography, North America is going to have a lucrative growth during the forecast period owing to rising awareness among consumers about environmental benefits of renewable energy and regulations and incentives specific to solar rooftop PV.

Some of the key players profiled in the Solar Photovoltaic (PV) Market include Yingli Solar, Trina Solar Ltd, Suntech Power Holding Co. Ltd., Canadian Solar Inc., Hanwha Q Cells Co Ltd, Sharp Corporation, Risen Energy Co. Ltd., LONGi Solar Technology Co. Ltd, JinkoSolar Holding Co. Ltd, JA Solar Holdings Co. Ltd, SunPower Corporation, GCL System Integration Technology Co. Ltd., First Solar, Inc., Acciona SA, Hanergy Holding Group and Shunfeng Photovoltaic International Limited.  

Types Covered:
• Organic Photovoltaic
• Inorganic Photovoltaic

Technologies Covered:
• Multi-Si
• Thin film
• Mono-Si  

Deployments Covered:
• Rooftop Solar
• Ground Mounted

End Users Covered:
• Industrial
• Utility
• Residential
• Commercial

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China        
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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