Global Grid Connected Pv Systems Market 2024-2028

Global Grid Connected Pv Systems Market 2024-2028


The grid connected pv systems market is forecasted to grow by USD 151.1 bn during 2023-2028, accelerating at a CAGR of 12.13% during the forecast period. The report on the grid connected pv systems market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by advantages associated with grid-connected pv systems, declining cost of solar pv systems, and favorable government regulations.

Technavio's grid connected pv systems market is segmented as below:

By End-user
  • Non-residential
  • Residential
By Geography
  • APAC
  • North America
  • Europe
  • South America
  • Middle East and Africa
This study identifies the increasing adoption of microgrids as one of the prime reasons driving the grid connected pv systems market growth during the next few years. Also, advances in thin-film solar pv modules and emergence of zero-energy buildings will lead to sizable demand in the market.

The report on the grid connected pv systems market covers the following areas:
  • Grid connected pv systems market sizing
  • Grid connected pv systems market forecast
  • Grid connected pv systems market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading grid connected pv systems market vendors that include ABB, Canadian Solar Inc., Delta Electronics Inc., Emeren Group Ltd., First Solar Inc., Flin Technologies Pvt. Ltd., Hanwha Corp., Huawei Technologies Co. Ltd., JA Solar Technology Co. Ltd., JinkoSolar Holding Co. Ltd., KACO new energy, Kyocera Corp., LG Electronics Inc., Luminous Power Technologies Pvt. Ltd., Lumos Global BV, Panasonic Holdings Corp., Shenzhen Kstar Science and Technology Co. Ltd., SMA Solar Technology AG, SolarEdge Technologies Inc., and Trina Solar Co. Ltd.. Also, the grid connected pv systems market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.


1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market by Geography
Executive Summary - Chart on Market Segmentation by End-user
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on Global - Market size and forecast 2023-2028 ($ billion)
Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global Grid Connected PV Systems Market 2018 - 2022
Historic Market Size - Data Table on Global Grid Connected PV Systems Market 2018 - 2022 ($ billion)
4.2 End-user segment analysis 2018 - 2022
Historic Market Size - End-user Segment 2018 - 2022 ($ billion)
4.3 Geography segment analysis 2018 - 2022
Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
4.4 Country segment analysis 2018 - 2022
Historic Market Size - Country Segment 2018 - 2022 ($ billion)
5 Five Forces Analysis
5.1 Five forces summary
Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by End-user
6.1 Market segments
Chart on End-user - Market share 2023-2028 (%)
Data Table on End-user - Market share 2023-2028 (%)
6.2 Comparison by End-user
Chart on Comparison by End-user
Data Table on Comparison by End-user
6.3 Non-residential - Market size and forecast 2023-2028
Chart on Non-residential - Market size and forecast 2023-2028 ($ billion)
Data Table on Non-residential - Market size and forecast 2023-2028 ($ billion)
Chart on Non-residential - Year-over-year growth 2023-2028 (%)
Data Table on Non-residential - Year-over-year growth 2023-2028 (%)
6.4 Residential - Market size and forecast 2023-2028
Chart on Residential - Market size and forecast 2023-2028 ($ billion)
Data Table on Residential - Market size and forecast 2023-2028 ($ billion)
Chart on Residential - Year-over-year growth 2023-2028 (%)
Data Table on Residential - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by End-user
Market opportunity by End-user ($ billion)
Data Table on Market opportunity by End-user ($ billion)
7 Customer Landscape
7.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
8 Geographic Landscape
8.1 Geographic segmentation
Chart on Market share by geography 2023-2028 (%)
Data Table on Market share by geography 2023-2028 (%)
8.2 Geographic comparison
Chart on Geographic comparison
Data Table on Geographic comparison
8.3 APAC - Market size and forecast 2023-2028
Chart on APAC - Market size and forecast 2023-2028 ($ billion)
Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
Chart on APAC - Year-over-year growth 2023-2028 (%)
Data Table on APAC - Year-over-year growth 2023-2028 (%)
8.4 North America - Market size and forecast 2023-2028
Chart on North America - Market size and forecast 2023-2028 ($ billion)
Data Table on North America - Market size and forecast 2023-2028 ($ billion)
Chart on North America - Year-over-year growth 2023-2028 (%)
Data Table on North America - Year-over-year growth 2023-2028 (%)
8.5 Europe - Market size and forecast 2023-2028
Chart on Europe - Market size and forecast 2023-2028 ($ billion)
Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
Chart on Europe - Year-over-year growth 2023-2028 (%)
Data Table on Europe - Year-over-year growth 2023-2028 (%)
8.6 South America - Market size and forecast 2023-2028
Chart on South America - Market size and forecast 2023-2028 ($ billion)
Data Table on South America - Market size and forecast 2023-2028 ($ billion)
Chart on South America - Year-over-year growth 2023-2028 (%)
Data Table on South America - Year-over-year growth 2023-2028 (%)
8.7 Middle East and Africa - Market size and forecast 2023-2028
Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
8.8 China - Market size and forecast 2023-2028
Chart on China - Market size and forecast 2023-2028 ($ billion)
Data Table on China - Market size and forecast 2023-2028 ($ billion)
Chart on China - Year-over-year growth 2023-2028 (%)
Data Table on China - Year-over-year growth 2023-2028 (%)
8.9 Japan - Market size and forecast 2023-2028
Chart on Japan - Market size and forecast 2023-2028 ($ billion)
Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
Chart on Japan - Year-over-year growth 2023-2028 (%)
Data Table on Japan - Year-over-year growth 2023-2028 (%)
8.10 India - Market size and forecast 2023-2028
Chart on India - Market size and forecast 2023-2028 ($ billion)
Data Table on India - Market size and forecast 2023-2028 ($ billion)
Chart on India - Year-over-year growth 2023-2028 (%)
Data Table on India - Year-over-year growth 2023-2028 (%)
8.11 US - Market size and forecast 2023-2028
Chart on US - Market size and forecast 2023-2028 ($ billion)
Data Table on US - Market size and forecast 2023-2028 ($ billion)
Chart on US - Year-over-year growth 2023-2028 (%)
Data Table on US - Year-over-year growth 2023-2028 (%)
8.12 Germany - Market size and forecast 2023-2028
Chart on Germany - Market size and forecast 2023-2028 ($ billion)
Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
Chart on Germany - Year-over-year growth 2023-2028 (%)
Data Table on Germany - Year-over-year growth 2023-2028 (%)
8.13 UK - Market size and forecast 2023-2028
Chart on UK - Market size and forecast 2023-2028 ($ billion)
Data Table on UK - Market size and forecast 2023-2028 ($ billion)
Chart on UK - Year-over-year growth 2023-2028 (%)
Data Table on UK - Year-over-year growth 2023-2028 (%)
8.14 Market opportunity by geography
Market opportunity by geography ($ billion)
Data Tables on Market opportunity by geography ($ billion)
9 Drivers, Challenges, and Opportunity/Restraints
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
Impact of drivers and challenges in 2023 and 2028
9.4 Market opportunities/restraints
10 Competitive Landscape
10.1 Overview
10.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
10.3 Landscape disruption
Overview on factors of disruption
10.4 Industry risks
Impact of key risks on business
11 Competitive Analysis
11.1 Companies profiled
Companies covered
11.2 Market positioning of companies
Matrix on companies position and classification
11.3 ABB
ABB - Overview
ABB - Product / Service
ABB - Key news
ABB - Key offerings
11.4 Canadian Solar Inc.
Canadian Solar Inc. - Overview
Canadian Solar Inc. - Business segments
Canadian Solar Inc. - Key news
Canadian Solar Inc. - Key offerings
Canadian Solar Inc. - Segment focus
11.5 Delta Electronics Inc.
Delta Electronics Inc. - Overview
Delta Electronics Inc. - Business segments
Delta Electronics Inc. - Key news
Delta Electronics Inc. - Key offerings
Delta Electronics Inc. - Segment focus
11.6 First Solar Inc.
First Solar Inc. - Overview
First Solar Inc. - Business segments
First Solar Inc. - Key news
First Solar Inc. - Key offerings
First Solar Inc. - Segment focus
11.7 Flin Technologies Pvt. Ltd.
Flin Technologies Pvt. Ltd. - Overview
Flin Technologies Pvt. Ltd. - Product / Service
Flin Technologies Pvt. Ltd. - Key offerings
11.8 Hanwha Corp.
Hanwha Corp. - Overview
Hanwha Corp. - Product / Service
Hanwha Corp. - Key news
Hanwha Corp. - Key offerings
11.9 Huawei Technologies Co. Ltd.
Huawei Technologies Co. Ltd. - Overview
Huawei Technologies Co. Ltd. - Product / Service
Huawei Technologies Co. Ltd. - Key news
Huawei Technologies Co. Ltd. - Key offerings
11.10 JA Solar Technology Co. Ltd.
JA Solar Technology Co. Ltd. - Overview
JA Solar Technology Co. Ltd. - Product / Service
JA Solar Technology Co. Ltd. - Key news
JA Solar Technology Co. Ltd. - Key offerings
11.11 JinkoSolar Holding Co. Ltd.
JinkoSolar Holding Co. Ltd. - Overview
JinkoSolar Holding Co. Ltd. - Product / Service
JinkoSolar Holding Co. Ltd. - Key news
JinkoSolar Holding Co. Ltd. - Key offerings
11.12 Trina Solar Co. Ltd.
Trina Solar Co. Ltd. - Overview
Trina Solar Co. Ltd. - Product / Service
Trina Solar Co. Ltd. - Key news
Trina Solar Co. Ltd. - Key offerings
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
12.3 Currency conversion rates for US$
Currency conversion rates for US$
12.4 Research methodology
Research methodology
12.5 Data procurement
Information sources
12.6 Data validation
Data validation
12.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
12.8 Data synthesis
Data synthesis
12.9 360 degree market analysis
360 degree market analysis
12.10 List of abbreviations
List of abbreviations
Exhibits:
Exhibits1: Executive Summary - Chart on Market Overview
Exhibits2: Executive Summary - Data Table on Market Overview
Exhibits3: Executive Summary - Chart on Global Market Characteristics
Exhibits4: Executive Summary - Chart on Market by Geography
Exhibits5: Executive Summary - Chart on Market Segmentation by End-user
Exhibits6: Executive Summary - Chart on Incremental Growth
Exhibits7: Executive Summary - Data Table on Incremental Growth
Exhibits8: Executive Summary - Chart on Company Market Positioning
Exhibits9: Parent Market
Exhibits10: Data Table on - Parent Market
Exhibits11: Market characteristics analysis
Exhibits12: Value Chain Analysis
Exhibits13: Offerings of companies included in the market definition
Exhibits14: Market segments
Exhibits15: Chart on Global - Market size and forecast 2023-2028 ($ billion)
Exhibits16: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Exhibits17: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibits18: Data Table on Global Market: Year-over-year growth 2023-2028 (%)
Exhibits19: Historic Market Size - Data Table on Global Grid Connected PV Systems Market 2018 - 2022 ($ billion)
Exhibits20: Historic Market Size - End-user Segment 2018 - 2022 ($ billion)
Exhibits21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
Exhibits22: Historic Market Size - Country Segment 2018 - 2022 ($ billion)
Exhibits23: Five forces analysis - Comparison between 2023 and 2028
Exhibits24: Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits26: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits27: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits28: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits29: Chart on Market condition - Five forces 2023 and 2028
Exhibits30: Chart on End-user - Market share 2023-2028 (%)
Exhibits31: Data Table on End-user - Market share 2023-2028 (%)
Exhibits32: Chart on Comparison by End-user
Exhibits33: Data Table on Comparison by End-user
Exhibits34: Chart on Non-residential - Market size and forecast 2023-2028 ($ billion)
Exhibits35: Data Table on Non-residential - Market size and forecast 2023-2028 ($ billion)
Exhibits36: Chart on Non-residential - Year-over-year growth 2023-2028 (%)
Exhibits37: Data Table on Non-residential - Year-over-year growth 2023-2028 (%)
Exhibits38: Chart on Residential - Market size and forecast 2023-2028 ($ billion)
Exhibits39: Data Table on Residential - Market size and forecast 2023-2028 ($ billion)
Exhibits40: Chart on Residential - Year-over-year growth 2023-2028 (%)
Exhibits41: Data Table on Residential - Year-over-year growth 2023-2028 (%)
Exhibits42: Market opportunity by End-user ($ billion)
Exhibits43: Data Table on Market opportunity by End-user ($ billion)
Exhibits44: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits45: Chart on Market share by geography 2023-2028 (%)
Exhibits46: Data Table on Market share by geography 2023-2028 (%)
Exhibits47: Chart on Geographic comparison
Exhibits48: Data Table on Geographic comparison
Exhibits49: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibits50: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibits51: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibits52: Data Table on APAC - Year-over-year growth 2023-2028 (%)
Exhibits53: Chart on North America - Market size and forecast 2023-2028 ($ billion)
Exhibits54: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
Exhibits55: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibits56: Data Table on North America - Year-over-year growth 2023-2028 (%)
Exhibits57: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibits58: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibits59: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibits60: Data Table on Europe - Year-over-year growth 2023-2028 (%)
Exhibits61: Chart on South America - Market size and forecast 2023-2028 ($ billion)
Exhibits62: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
Exhibits63: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibits64: Data Table on South America - Year-over-year growth 2023-2028 (%)
Exhibits65: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibits66: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibits67: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibits68: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibits69: Chart on China - Market size and forecast 2023-2028 ($ billion)
Exhibits70: Data Table on China - Market size and forecast 2023-2028 ($ billion)
Exhibits71: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibits72: Data Table on China - Year-over-year growth 2023-2028 (%)
Exhibits73: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
Exhibits74: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
Exhibits75: Chart on Japan - Year-over-year growth 2023-2028 (%)
Exhibits76: Data Table on Japan - Year-over-year growth 2023-2028 (%)
Exhibits77: Chart on India - Market size and forecast 2023-2028 ($ billion)
Exhibits78: Data Table on India - Market size and forecast 2023-2028 ($ billion)
Exhibits79: Chart on India - Year-over-year growth 2023-2028 (%)
Exhibits80: Data Table on India - Year-over-year growth 2023-2028 (%)
Exhibits81: Chart on US - Market size and forecast 2023-2028 ($ billion)
Exhibits82: Data Table on US - Market size and forecast 2023-2028 ($ billion)
Exhibits83: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibits84: Data Table on US - Year-over-year growth 2023-2028 (%)
Exhibits85: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibits86: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibits87: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibits88: Data Table on Germany - Year-over-year growth 2023-2028 (%)
Exhibits89: Chart on UK - Market size and forecast 2023-2028 ($ billion)
Exhibits90: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
Exhibits91: Chart on UK - Year-over-year growth 2023-2028 (%)
Exhibits92: Data Table on UK - Year-over-year growth 2023-2028 (%)
Exhibits93: Market opportunity by geography ($ billion)
Exhibits94: Data Tables on Market opportunity by geography ($ billion)
Exhibits95: Impact of drivers and challenges in 2023 and 2028
Exhibits96: Overview on criticality of inputs and factors of differentiation
Exhibits97: Overview on factors of disruption
Exhibits98: Impact of key risks on business
Exhibits99: Companies covered
Exhibits100: Matrix on companies position and classification
Exhibits101: ABB - Overview
Exhibits102: ABB - Product / Service
Exhibits103: ABB - Key news
Exhibits104: ABB - Key offerings
Exhibits105: Canadian Solar Inc. - Overview
Exhibits106: Canadian Solar Inc. - Business segments
Exhibits107: Canadian Solar Inc. - Key news
Exhibits108: Canadian Solar Inc. - Key offerings
Exhibits109: Canadian Solar Inc. - Segment focus
Exhibits110: Delta Electronics Inc. - Overview
Exhibits111: Delta Electronics Inc. - Business segments
Exhibits112: Delta Electronics Inc. - Key news
Exhibits113: Delta Electronics Inc. - Key offerings
Exhibits114: Delta Electronics Inc. - Segment focus
Exhibits115: First Solar Inc. - Overview
Exhibits116: First Solar Inc. - Business segments
Exhibits117: First Solar Inc. - Key news
Exhibits118: First Solar Inc. - Key offerings
Exhibits119: First Solar Inc. - Segment focus
Exhibits120: Flin Technologies Pvt. Ltd. - Overview
Exhibits121: Flin Technologies Pvt. Ltd. - Product / Service
Exhibits122: Flin Technologies Pvt. Ltd. - Key offerings
Exhibits123: Hanwha Corp. - Overview
Exhibits124: Hanwha Corp. - Product / Service
Exhibits125: Hanwha Corp. - Key news
Exhibits126: Hanwha Corp. - Key offerings
Exhibits127: Huawei Technologies Co. Ltd. - Overview
Exhibits128: Huawei Technologies Co. Ltd. - Product / Service
Exhibits129: Huawei Technologies Co. Ltd. - Key news
Exhibits130: Huawei Technologies Co. Ltd. - Key offerings
Exhibits131: JA Solar Technology Co. Ltd. - Overview
Exhibits132: JA Solar Technology Co. Ltd. - Product / Service
Exhibits133: JA Solar Technology Co. Ltd. - Key news
Exhibits134: JA Solar Technology Co. Ltd. - Key offerings
Exhibits135: JinkoSolar Holding Co. Ltd. - Overview
Exhibits136: JinkoSolar Holding Co. Ltd. - Product / Service
Exhibits137: JinkoSolar Holding Co. Ltd. - Key news
Exhibits138: JinkoSolar Holding Co. Ltd. - Key offerings
Exhibits139: Trina Solar Co. Ltd. - Overview
Exhibits140: Trina Solar Co. Ltd. - Product / Service
Exhibits141: Trina Solar Co. Ltd. - Key news
Exhibits142: Trina Solar Co. Ltd. - Key offerings
Exhibits143: Inclusions checklist
Exhibits144: Exclusions checklist
Exhibits145: Currency conversion rates for US$
Exhibits146: Research methodology
Exhibits147: Information sources
Exhibits148: Data validation
Exhibits149: Validation techniques employed for market sizing
Exhibits150: Data synthesis
Exhibits151: 360 degree market analysis
Exhibits152: List of abbreviations

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