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- Global Solar Photovoltaic Market – Size, Outlook, Trends and Forecast (2024 – 2032)
Photovoltaic is a term that converts the light or solar energy into electricity by using semiconductors which shows photovoltaic effect. The photovoltaic system is designed to use solar power with the help of photovoltaics. Nowadays solar cells are being made of different new materials like silicon, containing solar inks with conventional printing press technologies, solar dyes, and conductive plastics. Few solar cells use plastic lenses, mirrors to concentrate sunlight on a minor portion of high-efficiency PV material. Moreover, solar PV has various advantages such as no pollution, greenhouse gas emissions, scalability, and some other.
Global Solar Photovoltaic Market Segments Size & Growth:
Global Solar Photovoltaic Market is accounted for $XX billion in 2017 and expected to grow at a CAGR of XX% to reach $XX billion by 2024 during the forecast period 2018-2024. Major factors that are driving the market growth government initiatives & policies demand solar systems in residential and environmental concerns to generate hydropower, emerging adoption of technology due to consumer awareness towards the cost, and also the rising demand for renewable energy sources. However, lack of skilled labour, high installation cost, the raw material utilised in solar cell manufacturing process, availability of sunlight as well as solar photovoltaic designs which are hampering the growth of the global solar photovoltaic market.
Global Solar Photovoltaic Market Segments Share:
Global Solar Photovoltaic market is categorised into the material which consists of crystalline silicon which is future segmented into monocrystalline silicon and polycrystalline silicon; and thin film. Among all multi-crystalline or polycrystalline silicon is dominating the market owing to the cost-effective and efficient. By application, it is classified by residential, non-residential and utility. Among others, segments utility has the highest market due to the rise in installations, low cost and has various applications in utilities.
By Geography, Mexico is dominating the growth of the global solar photovoltaic market and the growth in North America are mainly attributed by the government instalments of various solar, CSP, and photovoltaic projects. Asia is valued for about two-thirds of the global solar photovoltaic addition, and the top two companies regarding cumulative capacity are China and Japan. Chinese dominate both the manufacturing and usage of solar photovoltaic with 1GW capacity. However, the Indian government has specified solar energy importance in the nation’s renewable energy mix and invested on Rooftop Subsidy program and Golden Sun Demonstration program to improve PV capacity hence pushing the growth of the solar photovoltaic market.
Global Solar Photovoltaic Market Segments Trends:
- In March 2018, SunPower launched Helix storage, which combines energy storage along with software to control electricity cost, especially for commercial solar clients.
- In April 2017, Trina Solar Limited has introduced a high-efficiency bifacial module DUOMAX Twin which integrates with the technology of Trina Solar bifacial PERC cell and dual glass DUOMAX module.
- In June 2017, Sharp Corporation had an agreement with Roof-Top Solar System to install 11mW solar devices that help in saving electricity in warehouses and stores.
- In March 2016, Trina Solar introduces new manufacturing facilities in Thailand o improve photovoltaic modules and solutions.
Global Solar Photovoltaic Research Report:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.
Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
- Trina Solar Ltd
- SunPower Corporation
- First Solar, Inc.
- Canadian Solar Inc.
- Sharp Corporation
- JA Solar Holdings Co. Ltd
- Suntech Power Co.
- Yingli Solar
Along with these companies, there were many other companies considered/cited in the report while analysing the Global Solar Photovoltaic market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.
Chapter 1 Introduction
1.1 Executive Summary
1.2 Market Definition
1.3 Scope of the Study
Chapter 2 Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Analytic Tools and Model
2.4 Economic Indicator
2.4.1 Base Year, Base Currency, Forecasting Period
2.5 Expert Validation
2.6 Study Timeline
Chapter 3 Market Analysis
3.1 Industry Value Chain Analysis
3.2Porter’s Five Force Analysis
3.2.1 Bargaining Power of Buyers
3.2.2 Bargaining Power of Suppliers
3.2.3 Threats of Substitutes
3.2.4 Threats of New Entrants
3.2.5 Industry Rivalry
3.3 Pestle Analysis
3.3.1 Political
3.3.2 Economical
3.3.3 Social
3.3.4 Technological
3.3.5 Legal
3.3.6 Environmental
3.4 SWOT Analysis
3.4.1 Strengths
3.4.2 Weakness
3.4.3 Opportunities
3.4.4 Threats
3.5 Y-O-Y Analyses
Chapter 4 Market Dynamics
4.1. Drivers
4.1.1 Government Policies and initiatives
4.1.2 Rise in demand For Solar Systems in Residential
4.1.3 Environmental concern to generate hydropower
4.2 Restraints & Challenges
4.2.1 High cost of installations and power conversion equipment
4.2.2 Lack of skilled labor
4.3 Opportunities
4.3.1 Increasing cost of Fossil Fuels
4.3.2 Decreasing Costs of energy storage devices
Chapter 5 Global Solar Photovoltaic Market – By Material
5.1 Crystalline Silicon
5.1.1 Mono Crystalline Silicon
5.1.2 Poly Crystalline Solar
5.2 Thin Film
Chapter 6 Global Solar Photovoltaic Market – By Application
6.1 Residential
6.2 Non- Residential
6.3 Utility
Chapter 7 Global Solar Photovoltaic Market – By Geography
7.1 Introduction
7.2 North America
7.2.1. U.S.
7.2.2. Canada
7.2.3. Mexico
7.3 Europe
7.3.1. U.K.
7.3.2. Germany
7.3.3. France
7.3.4. Italy
7.3.5. Spain
7.3.6. Rest of Europe
7.4 Asia Pacific
7.4.1. China
7.4.2. India
7.4.3. Japan
7.4.4. South Korea
7.4.5. Australia & New Zealand
7.4.6. Rest of APAC
7.5 South America
7.5.1. Brazil
7.5.2. Argentina
75.3. Others
7.6. Middle East & Africa
7.6.1. Middle East
7.6.2. Africa
Chapter 8 Global Solar Photovoltaic Market – Company Profiles
8.1. Trina Solar Ltd
8.2. SunPower Corporation
8.3. First Solar, Inc.
8.4. Canadian Solar Inc.
8.5. Sharp Corporation
8.6. JA Solar Holdings Co. Ltd
8.7. Suntech Power Co.
8.8. Yingli Solar
8.9. Hanwha Q Cells Co. Ltd
8.10. ACCIONA Energy
8.11. JinkoSolar Holding Co. Ltd
Chapter 9 Global Solar Photovoltaic Market – Competitive Landscape
9.1. Market Share Analysis
9.2. Strategies Adopted by top companies
9.3. Mergers, Acquisitions, Collaborations & Agreements
Chapter 10 Market Insights
10.1. Industry Experts Insights
10.2. Analysts Opinions
10.3. Investment Opportunities
Chapter 11 Appendix
11.1 List of Tables
11.2 List of Figures
- Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
- Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
- The Regional and Global Variety is taken care of in the report.
- Year on Year basis generation of revenue is studied.
- Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
- The overview and the sustainability of the market are analyzed through SWOT.
- DROC (Drivers, Restraints, Opportunities and Challenges) is recognized in the current market scenario and see how its effect on market dynamics.
- The segment-level analysis in terms of type and technology.
- The value chain analysis, value that's created and captured by a company is the profit margin.
- Value Created and Captured – Cost of Creating that Value = Margin
- An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
- Basis on the depth of the study we approach using analytical tools
- Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.
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Photovoltaic is a term that converts the light or solar energy into electricity by using semiconductors which shows photovoltaic effect. The photovoltaic system is designed to use solar power with the help of photovoltaics. Nowadays solar cells are being made of different new materials like silicon, containing solar inks with conventional printing press technologies, solar dyes, and conductive plastics. Few solar cells use plastic lenses, mirrors to concentrate sunlight on a minor portion of high-efficiency PV material. Moreover, solar PV has various advantages such as no pollution, greenhouse gas emissions, scalability, and some other.
Global Solar Photovoltaic Market Segments Size & Growth:
Global Solar Photovoltaic Market is accounted for $XX billion in 2017 and expected to grow at a CAGR of XX% to reach $XX billion by 2024 during the forecast period 2018-2024. Major factors that are driving the market growth government initiatives & policies demand solar systems in residential and environmental concerns to generate hydropower, emerging adoption of technology due to consumer awareness towards the cost, and also the rising demand for renewable energy sources. However, lack of skilled labour, high installation cost, the raw material utilised in solar cell manufacturing process, availability of sunlight as well as solar photovoltaic designs which are hampering the growth of the global solar photovoltaic market.
Global Solar Photovoltaic Market Segments Share:
Global Solar Photovoltaic market is categorised into the material which consists of crystalline silicon which is future segmented into monocrystalline silicon and polycrystalline silicon; and thin film. Among all multi-crystalline or polycrystalline silicon is dominating the market owing to the cost-effective and efficient. By application, it is classified by residential, non-residential and utility. Among others, segments utility has the highest market due to the rise in installations, low cost and has various applications in utilities.
By Geography, Mexico is dominating the growth of the global solar photovoltaic market and the growth in North America are mainly attributed by the government instalments of various solar, CSP, and photovoltaic projects. Asia is valued for about two-thirds of the global solar photovoltaic addition, and the top two companies regarding cumulative capacity are China and Japan. Chinese dominate both the manufacturing and usage of solar photovoltaic with 1GW capacity. However, the Indian government has specified solar energy importance in the nation’s renewable energy mix and invested on Rooftop Subsidy program and Golden Sun Demonstration program to improve PV capacity hence pushing the growth of the solar photovoltaic market.
Global Solar Photovoltaic Market Segments Trends:
- In March 2018, SunPower launched Helix storage, which combines energy storage along with software to control electricity cost, especially for commercial solar clients.
- In April 2017, Trina Solar Limited has introduced a high-efficiency bifacial module DUOMAX Twin which integrates with the technology of Trina Solar bifacial PERC cell and dual glass DUOMAX module.
- In June 2017, Sharp Corporation had an agreement with Roof-Top Solar System to install 11mW solar devices that help in saving electricity in warehouses and stores.
- In March 2016, Trina Solar introduces new manufacturing facilities in Thailand o improve photovoltaic modules and solutions.
Global Solar Photovoltaic Research Report:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.
Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
- Trina Solar Ltd
- SunPower Corporation
- First Solar, Inc.
- Canadian Solar Inc.
- Sharp Corporation
- JA Solar Holdings Co. Ltd
- Suntech Power Co.
- Yingli Solar
Along with these companies, there were many other companies considered/cited in the report while analysing the Global Solar Photovoltaic market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.
Chapter 1 Introduction
1.1 Executive Summary
1.2 Market Definition
1.3 Scope of the Study
Chapter 2 Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Analytic Tools and Model
2.4 Economic Indicator
2.4.1 Base Year, Base Currency, Forecasting Period
2.5 Expert Validation
2.6 Study Timeline
Chapter 3 Market Analysis
3.1 Industry Value Chain Analysis
3.2Porter’s Five Force Analysis
3.2.1 Bargaining Power of Buyers
3.2.2 Bargaining Power of Suppliers
3.2.3 Threats of Substitutes
3.2.4 Threats of New Entrants
3.2.5 Industry Rivalry
3.3 Pestle Analysis
3.3.1 Political
3.3.2 Economical
3.3.3 Social
3.3.4 Technological
3.3.5 Legal
3.3.6 Environmental
3.4 SWOT Analysis
3.4.1 Strengths
3.4.2 Weakness
3.4.3 Opportunities
3.4.4 Threats
3.5 Y-O-Y Analyses
Chapter 4 Market Dynamics
4.1. Drivers
4.1.1 Government Policies and initiatives
4.1.2 Rise in demand For Solar Systems in Residential
4.1.3 Environmental concern to generate hydropower
4.2 Restraints & Challenges
4.2.1 High cost of installations and power conversion equipment
4.2.2 Lack of skilled labor
4.3 Opportunities
4.3.1 Increasing cost of Fossil Fuels
4.3.2 Decreasing Costs of energy storage devices
Chapter 5 Global Solar Photovoltaic Market – By Material
5.1 Crystalline Silicon
5.1.1 Mono Crystalline Silicon
5.1.2 Poly Crystalline Solar
5.2 Thin Film
Chapter 6 Global Solar Photovoltaic Market – By Application
6.1 Residential
6.2 Non- Residential
6.3 Utility
Chapter 7 Global Solar Photovoltaic Market – By Geography
7.1 Introduction
7.2 North America
7.2.1. U.S.
7.2.2. Canada
7.2.3. Mexico
7.3 Europe
7.3.1. U.K.
7.3.2. Germany
7.3.3. France
7.3.4. Italy
7.3.5. Spain
7.3.6. Rest of Europe
7.4 Asia Pacific
7.4.1. China
7.4.2. India
7.4.3. Japan
7.4.4. South Korea
7.4.5. Australia & New Zealand
7.4.6. Rest of APAC
7.5 South America
7.5.1. Brazil
7.5.2. Argentina
75.3. Others
7.6. Middle East & Africa
7.6.1. Middle East
7.6.2. Africa
Chapter 8 Global Solar Photovoltaic Market – Company Profiles
8.1. Trina Solar Ltd
8.2. SunPower Corporation
8.3. First Solar, Inc.
8.4. Canadian Solar Inc.
8.5. Sharp Corporation
8.6. JA Solar Holdings Co. Ltd
8.7. Suntech Power Co.
8.8. Yingli Solar
8.9. Hanwha Q Cells Co. Ltd
8.10. ACCIONA Energy
8.11. JinkoSolar Holding Co. Ltd
Chapter 9 Global Solar Photovoltaic Market – Competitive Landscape
9.1. Market Share Analysis
9.2. Strategies Adopted by top companies
9.3. Mergers, Acquisitions, Collaborations & Agreements
Chapter 10 Market Insights
10.1. Industry Experts Insights
10.2. Analysts Opinions
10.3. Investment Opportunities
Chapter 11 Appendix
11.1 List of Tables
11.2 List of Figures
- Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
- Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
- The Regional and Global Variety is taken care of in the report.
- Year on Year basis generation of revenue is studied.
- Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
- The overview and the sustainability of the market are analyzed through SWOT.
- DROC (Drivers, Restraints, Opportunities and Challenges) is recognized in the current market scenario and see how its effect on market dynamics.
- The segment-level analysis in terms of type and technology.
- The value chain analysis, value that's created and captured by a company is the profit margin.
- Value Created and Captured – Cost of Creating that Value = Margin
- An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
- Basis on the depth of the study we approach using analytical tools
- Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.
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