Global Photovoltaic Market size was US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of 8.2% during the forecast period.
Global Photovoltaic Market Overview
The global photovoltaic market has been seeing ample growth from past decade. The growth of photovoltaic is primarily driven by its high adoption in applications such as solar farms, rooftop and building integrated systems, power stations, rural electrification and many others. Increasing supportive government initiatives and policies, rising demand for PV systems for various commercial and residential applications, declining cost of energy storage devices and PV systems, growing projects related with renewable energy sources, continuous technological advancements in solar cell manufacturing and constantly increasing number of PV installations across the globe are expected to improve growth of the market during the forecast period.
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List Of TOP KEY PLAYERS in Photovoltaic Market Report are -
KEYPLAYERS
• Kyocera Corporation
• Panasonic Corporation
• Kaneka Corporation
• JA solar Co. Ltd
• Sharp Corporation
• Jinko Solar
• Trina Solar
• Suntech Power Holdings Co. Ltd
• Canadian Solar
• Mitsubishi Electric Corporation
• ReneSola Co. Ltd
• Yingli Green
• LONGi
• Hanwha Q CELLS Co., Ltd
• GCL System Integration
• Risen Energy Co. Ltd
• Shunfeng International Clean Energy Limited
• Suntech Power Co
• XX
• XX
COVID-19 Impact on Market:
In December 2019, the COVID-19 epidemic began in Wuhan (China), and has been spreading rapidly around the world. As of March 2020, the most affected countries were the US, China, Italy and Iran. Due to travel bans and lockdowns, the COVID-19 epidemic has affected many countries' economies and industries. This outbreak has caused major disruptions in the global food and drink industry, including supply chain breakdowns, cancellations of technology events, and office closures. China is the world's largest manufacturing country, and has the largest number of raw material suppliers. Due to the closing of factories and other obstacles in the supply chain, COVID-19 is affecting overall market growth.
Segmentation of the Global Photovoltaic Market by Types, Applications, and Region:
Global Photovoltaic Market, By Type
• Modules
• Inverters
• Balance of System (BOS)
Global Photovoltaic Market, By Material
• Silicon
• Compounds
Global Photovoltaic Market, By Installation Type
• Ground Mounted
• Building-Integrated Photovoltaic (BIPV)
• Floating PV
Global Photovoltaic Market, By Application
• Residential
• Commercial & Industrial
• Utilities
Global Photovoltaic Market, By Region
• North America
US
Canada
• Europe
UK
France
Germany
Italy
Spain
Norway
Russia
• Asia Pacific
China
India
Japan
South Korea
Australia
Malaysia
Indonesia
• South America
Brazil
Mexico
Argentina
• Middle East and Africa
The global Photovoltaic market has been analysed and market size information provided by countries (regions). Segment by Application, The Photovoltaic Market is divided into the United States, Europe, China, Japan, Southeast Asia, India and Rest of World. The report covers the region-wise market size from 2016-2027. The report also contains market size and forecasts by type and application segment, in terms of revenue and sales, for the period 2016-2027.
This report provides a detailed analysis of the Global Photovoltaic Market for all stakeholders. This report presents the past and present status of the industry, as well as forecasted market size. Trends are also presented. The report uses simple language to simplify complex data. This report includes all aspects of the industry and a study of key players, including market leaders, followers, as well as new entrants. The report includes a PORTER, SVOR and PESTEL analysis as well as the potential market impact of microeconomic factors. The report includes both internal and external factors that could have a positive or negative effect on the business. This will provide a clear futureistic view of this industry for decision-makers.
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