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Solar PV Market Size, Share, and Analysis, By Technology (Monocrystalline Silicon, Multicrystalline Silicon, Thin Film, and Others), By Component (Modules, Inverters), By Installation (Roof Mounted, Ground Mounted, Others), By Grid Type (On-grid, Off-grid

Best Price Guarantee Length Publisher Published Date SKU
from $4,950 333 Pages Fatpos Global September, 2023 FAGL18367060
Best Price Guarantee
Price from $4,950
Length 333 Pages
Publisher Fatpos Global
Published Date September, 2023
SKU FAGL18367060

Solar PV Market Size, Share, and Analysis, By Technology (Monocrystalline Silicon, Multicrystalline Silicon, Thin Film, and Others), By Component (Modules, Inverters), By Installation (Roof Mounted, Ground Mounted, Others), By Grid Type (On-grid, Off-grid), By Material (Silicon, Compounds), By Application (Non-residential, Residential, Utilities, Industrial), and Regional Forecasts, 2022-2032


Solar PV Market Size, Share, and Analysis, By Technology (Monocrystalline Silicon, Multicrystalline Silicon, Thin Film, and Others), By Component (Modules, Inverters), By Installation (Roof Mounted, Ground Mounted, Others), By Grid Type (On-grid, Off-grid), By Material (Silicon, Compounds), By Application (Non-residential, Residential, Utilities, Industrial), and Regional Forecasts, 2022-2032

PRODUCT OVERVIEW

Solar PV Market size was USD 149.92 billion in 2021 and projected to grow from USD 165.5 billion in 2023 to USD 260.3 billion by 2032, exhibiting a CAGR of 5.2% during the forecast period.

A solar photovoltaic (PV) system includes solar panels with an inverter and other mechanical and electrical hardware that transform sunlight into electrical energy. It depends on mounting structures that focus panels toward the sun for changes direct current into alternating current and is utilized to produce clean and green energy thereby, reducing the air pollution along with emission of greenhouse gasses. This is a unique, cost-effective, noise-free, ease to install with low maintenance costs which is expected to drive the growth of the market during the forecast period.

MARKET HIGHLIGHTS

Solar PV Market is expected to reach USD 260.3 billion, growing at a CAGR of 5.2% during forecast period owing to the increasing awareness to utilize low carbon-intensive technologies for reducing carbon footprint which may boost the market growth. The increasing use of solar PV systems for supplying power to spacecraft and orbiting satellites is expected to drive the market growth. Increasing government initiatives for the promotion of solar PV systems use to decrease the dependency on fossil fuels may also uplift the market growth. The increasing demand for continuous and sustainable electric supply alomg with increasing electrical industry may drive growth of the market.

Solar PV Market Segments:
  • Technology
  • Monocrystalline Silicon
  • Multicrystalline Silicon
  • Thin Film
  • Others
  • Component
  • Modules
  • Inverters
  • Installation
  • Roof Mounted
  • Ground Mounted
  • Others
  • Grid Type
  • On-grid
  • Off-grid
  • Material
  • Silicon
  • Compounds
  • Application
  • Non-residential
  • Residential
  • Utilities
  • Industrial
MARKET DYNAMICS

Growth Drivers

Increasing Necessity of Electricity is Expected to Boost the Growth of the Market

Growing Investments in Solar Energy is Expected to Boost the Market Growth

Restraint

Impacting Biodiversity May Restrain the Growth of the Market

Key Players
  • Trina Solar
  • Canadian Solar Inc.
  • Tata Power Solar Systems Ltd.
  • Nextera Energy Sources LLC
  • SunPower Corporation
  • BrightSource Energy Inc.
  • Suntech Power Co. Ltd
  • Vivaan Solar
  • Waaree Group
  • Jinko Solar
  • Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
Global Laboratory Temperature Control Units Market is further segmented by region into:
  • North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
  • Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
  • Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
  • Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
  • Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Reasons to Purchase this Report
  • Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
  • Provision of market value (USD Billion) data for each segment and sub-segment
  • Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
  • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
  • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
  • Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
  • The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
  • Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
  • Provides insight into the market through Value Chain
  • Market dynamics scenario, along with growth opportunities of the market in the years to come
  • 3-month post-sales analyst support.
*Please Note: The report will be delivered in 4-5 business days upon order confirmation*


1. Executive Summary
1.1. Regional Market Share
1.2. Business Trends
1.3. Solar PV Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot
2. Research Methodology
2.1. Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
2.5.1. Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3. Market Characteristics
3.1. Market Definition
3.2. Solar PV Market: COVID-19 Impact
3.3. Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data
4. Solar PV Market – Industry Insights
4.1. Industry Segmentation
4.2. COVID-19 overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability
5. Macroeconomic Indicators
6. Recent Developments
7. Market Dynamics
7.1. Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4. Market Restraints
7.5. Market Trends
8. Risk Analysis
9. Market Analysis
9.1. Porters Five Forces
9.2. PEST Analysis
9.2.1. Political
9.2.2. Economic
9.2.3. Social
9.2.4. Technological
10. Solar PV Market
10.1. Overview
10.2. Historical Analysis (2016-2021)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11. Solar PV Market Size & Forecast 2022A-2032F
11.1. Overview
11.2. Key Findings
11.3. Market Segmentation
11.3.1. By Technology
11.3.1.1. Monocrystalline Silicon
11.3.1.1.1. By Value (USD Million) 2022-2032F
11.3.1.1.2. Market Share (%) 2022-2032F
11.3.1.1.3. Y-o-Y Growth (%) 2022-2032F
11.3.1.2. Multicrystalline Silicon
11.3.1.2.1. By Value (USD Million) 2022-2032F
11.3.1.2.2. Market Share (%) 2022-2032F
11.3.1.2.3. Y-o-Y Growth (%) 2022-2032F
11.3.1.3. Thin Film
11.3.1.3.1. By Value (USD Million) 2022-2032F
11.3.1.3.2. Market Share (%) 2022-2032F
11.3.1.3.3. Y-o-Y Growth (%) 2022-2032F
11.3.1.4. Others
11.3.1.4.1. By Value (USD Million) 2022-2032F
11.3.1.4.2. Market Share (%) 2022-2032F
11.3.1.4.3. Y-o-Y Growth (%) 2022-2032F
11.3.2. By Component
11.3.2.1. Modules
11.3.2.1.1. By Value (USD Million) 2022-2032F
11.3.2.1.2. Market Share (%) 2022-2032F
11.3.2.1.3. Y-o-Y Growth (%) 2022-2032F
11.3.2.2. Inverters
11.3.2.2.1. By Value (USD Million) 2022-2032F
11.3.2.2.2. Market Share (%) 2022-2032F
11.3.2.2.3. Y-o-Y Growth (%) 2022-2032F
11.3.3. By Installation
11.3.3.1. Roof Mounted
11.3.3.1.1. By Value (USD Million) 2022-2032F
11.3.3.1.2. Market Share (%) 2022-2032F
11.3.3.1.3. Y-o-Y Growth (%) 2022-2032F
11.3.3.2. Ground Mounted
11.3.3.2.1. By Value (USD Million) 2022-2032F
11.3.3.2.2. Market Share (%) 2022-2032F
11.3.3.2.3. Y-o-Y Growth (%) 2022-2032F
11.3.3.3. Others
11.3.3.3.1. By Value (USD Million) 2022-2032F
11.3.3.3.2. Market Share (%) 2022-2032F
11.3.3.3.3. Y-o-Y Growth (%) 2022-2032F
11.3.4. By Grid Type
11.3.4.1. On-grid
11.3.4.1.1. By Value (USD Million) 2022-2032F
11.3.4.1.2. Market Share (%) 2022-2032F
11.3.4.1.3. Y-o-Y Growth (%) 2022-2032F
11.3.4.2. Off-grid
11.3.4.2.1. By Value (USD Million) 2022-2032F
11.3.4.2.2. Market Share (%) 2022-2032F
11.3.4.2.3. Y-o-Y Growth (%) 2022-2032F
11.3.5. By Material
11.3.5.1. Silicon
11.3.5.1.1. By Value (USD Million) 2022-2032F
11.3.5.1.2. Market Share (%) 2022-2032F
11.3.5.1.3. Y-o-Y Growth (%) 2022-2032F
11.3.5.2. Compounds
11.3.5.2.1. By Value (USD Million) 2022-2032F
11.3.5.2.2. Market Share (%) 2022-2032F
11.3.5.2.3. Y-o-Y Growth (%) 2022-2032F
11.3.6. By Application
11.3.6.1. Non-residential
11.3.6.1.1. By Value (USD Million) 2022-2032F
11.3.6.1.2. Market Share (%) 2022-2032F
11.3.6.1.3. Y-o-Y Growth (%) 2022-2032F
11.3.6.2. Residential
11.3.6.2.1. By Value (USD Million) 2022-2032F
11.3.6.2.2. Market Share (%) 2022-2032F
11.3.6.2.3. Y-o-Y Growth (%) 2022-2032F
11.3.6.3. Utilities
11.3.6.3.1. By Value (USD Million) 2022-2032F
11.3.6.3.2. Market Share (%) 2022-2032F
11.3.6.3.3. Y-o-Y Growth (%) 2022-2032F
11.3.6.4. Industrial
11.3.6.4.1. By Value (USD Million) 2022-2032F
11.3.6.4.2. Market Share (%) 2022-2032F
11.3.6.4.3. Y-o-Y Growth (%) 2022-2032F
12. North America Solar PV Market Size & Forecast 2022A-2032F
12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1. By Technology
12.3.2. By Component
12.3.3. By Installation
12.3.4. By Grid Type
12.3.5. By Material
12.3.6. By Application
12.4. Country
12.4.1. United States
12.4.2. Canada
13. Europe Solar PV Market Size & Forecast 2022A-2032F
13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1. By Technology
13.3.2. By Component
13.3.3. By Installation
13.3.4. By Grid Type
13.3.5. By Material
13.3.6. By Application
13.4. Country
13.4.1. Germany
13.4.2. United Kingdom
13.4.3. France
13.4.4. Italy
13.4.5. Spain
13.4.6. Russia
13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14. Asia Solar PV Market Size & Forecast 2022A-2032F
14.1. Overview
14.2. Key Findings
14.3. Market Segmentation
14.3.1. By Technology
14.3.2. By Component
14.3.3. By Installation
14.3.4. By Grid Type
14.3.5. By Material
14.3.6. By Application
14.4. Country
14.4.1. India
14.4.2. China
14.4.3. South Korea
14.4.4. Japan
14.4.5. Rest of APAC
15. Middle East and Africa Solar PV Market Size & Forecast 2022A-2032F
15.1. Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1. By Technology
15.3.2. By Component
15.3.3. By Installation
15.3.4. By Grid Type
15.3.5. By Material
15.3.6. By Application
15.4. Country
15.4.1. Israel
15.4.2. GCC
15.4.3. North Africa
15.4.4. South Africa
15.4.5. Rest of Middle East and Africa
16. Latin America Solar PV Market Size & Forecast 2022A-2032F
16.1. Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1. By Technology
16.3.2. By Component
16.3.3. By Installation
16.3.4. By Grid Type
16.3.5. By Material
16.3.6. By Application
16.4. Country
16.4.1. Mexico
16.4.2. Brazil
16.4.3. Rest of Latin America
17. Competitive Landscape
17.1. Company market share, 2021
17.2. Key player overview
17.3. Key stakeholders
18. Company Profiles
18.1. Trina Solar
18.1.1. Company Overview
18.1.2. Financial Overview
18.1.3. Key Product; Analysis
18.1.4. Company Assessment
18.1.4.1. Product Portfolio
18.1.4.2. Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2. Canadian Solar Inc.
18.3. Tata Power Solar Systems Ltd.
18.4. Nextera Energy Sources LLC
18.5. SunPower Corporation
18.6. BrightSource Energy Inc.
18.7. Suntech Power Co. Ltd
18.8. Vivaan Solar
18.9. Waaree Group
18.10. Jinko Solar
18.11. Other Prominent Players
19. Appendix
20. Consultant Recommendation

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