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Photovoltaic Market By Component (Cells Thin Films PV Cells Crystalline Silicon PV Cells) By Type (Organic PV, Inorganic PV), By End User (Utility, Military & Space Power Plants, Residential, Non-Residential) Global Trend Analysis and Industry Forecast, 2019-2025

  • Category:Semiconductor and Electronics
  • Published on:06 February, 2019
  • Pages:120
  • Formats:    
  • Report Code: HMI - 348439
  • Publisher:Genesis Market Insights

Overview

Global Photovoltaic Market was valued at USD 144.34 Billion in the year 2019. The global Photovoltaic market is further estimated to grow at a CAGR of 19.92% from 2019 to 2025 to reach USD 429.36 Billion. Asia Pacific region holds the highest market share in 2019 and North America market is considered as the fastest growing market in the forecasted period. At a country level China, Japan, and Germany hold the highest market share in 2019 and it is projected to grow at a strongly in the coming years.
Robert Bosch GmbH (Germany), Sharp Corporation (Japan), Mitsubishi Electric Corporation (Japan), Panasonic Corporation. (Japan), China Sunergy (China), Canadian Solar Inc. (Canada), Morgan Solar Inc. (Canada), JA SOLAR Co, Ltd. (China), are some of the key players in the Global Photovoltaic market with Robert Bosch GmbH holding the substantial market share. Rising research and development expenses to cater changing demand of end users, similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.

Drivers:

Low Operation and maintenance cost

Availability of government incentives and loans for growth and expansion

Restraints:

Dependency on climate

Opportunities:

The Belt and Road Forum

Challenges:

The availability of solar radiation can differ depending on location

The major share of the market comes from Utility sector in Global Photovoltaic Market. As Utility sector contains military, space and power plants which can invest more in the utilization of energy.

On the other hand, Organic PV type for this market is expected to grow at the highest CAGR during the year 2019-2025. Whereas Inorganic PV holds the notable market share because of its large availability across regions.

Key Benefits for Stakeholders

Photovoltaic Manufacturers, Distributors and Retailers

Research and Consulting organization

Technology Standards Organizations, Forums, Alliances and Associations

End-use industries

Regulatory bodies, policy actors, and consumers.

By Component

Cells

Trackers

Optics

By Type

Organic PV

Inorganic PV

By End User

Utility

Residential

Non-Residential

By Region

North America

Europe

Asia-Pacific

LAMEA

Key Market Players

Robert Bosch GmbH (Germany)

Panasonic Corporation (Japan)

Sharp Corporation (Japan)

Mitsubishi Electric Corporation (Japan),

Morgan Solar Inc. (Canada)

JA SOLAR Co, Ltd. (China)

Canadian Solar Inc. (Canada)

China Sunergy (China)

(A brief overview of another 13 companies is also provided)

Research Methodology:

Genesis Market Insights follows in-depth Research Methodology focused on reducing deviation in the collected data. GMI offers the most precise evaluations and projection for the market numbers. GMI engages following Market Engineering techniques ?

Raw Market Data is collected and compared with the Existing in-house Data on a broad front.
Both Bottom-Up and Top-Down approaches are analyzed for segmenting and estimating measurable aspects of the market.
To avoid bias, we filter the collected data collected from authenticated sources.
GMI has a well proven Statistical Modeling System for estimates and forecasts.
Further, the report findings are validated with the Industry Expert Panel on face to face or telephonic interviews.
Panelists are approached from Leading Enterprises across the value chain including manufacturers, suppliers, technology providers, domain experts and buyers so as to validate a thorough and balanced market overview.
Detailed customization is also available for you. Further, if the report listed above does not meet your key requirements. Our customized research report will analytically cover the required market information you need which will help you to plan your business decisions.


  • Analysis and forecasts at the global, regional and national levels of the research market; Provide insight into the major countries / regions this industry is blooming and identify regions that have not yet been developed

  • Segment-level analysis by shielding type, thermal application, and application, along with market size predictions and estimates, detail key areas of industrial growth.

  • Identify key market drivers, constraints, opportunities and challenges (DROCs) and their impact on changing market dynamics

  • Study of the effects of exogenous and endogenous factors affecting the global market; Among the macro-environmental factors shown in the extensive PESTLE analysis include demographics, economics and politics.

  • We use Porter's five force analysis to analyze competitive levels and business strategy development to study microenvironmental factors that determine the overall profitability of an industry.

  • A list of key market participants with a portfolio of products to study and maintain the market environment, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview

  • Competitive topographic analysis listing mergers, acquisitions, and collaborations in the field, along with major company new product launches, comparative financial research, and recent developments in the market

  • Summary omitting entire reports to help decision makers quickly become familiar with background information, concise analysis, and key conclusions

  • Professionally devise analyst overviews with investment opportunities to provide a strong financial foundation in the market for both individuals and organizations

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