Global Solar PV Market 2022-2026

Global Solar PV Market 2022-2026

Technavio has been monitoring the solar PV market and it is poised to grow by 221.45 GW during 2022-2026, accelerating at a CAGR of 18.72% during the forecast period. Our report on the solar PV 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 of the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the increasing investments in renewable energy, favorable government regulations, and the declining cost of solar PV panels.

The solar PV market analysis includes the end-user segment and geographic landscape.

Technavio's solar PV market is segmented as below:

By End-user

• Utility
• Commercial
• Residential

By Geographical Landscape

• APAC
• North America
• Europe
• The Middle East and Africa
• South America

This study identifies the increasing adoption of microgrids as one of the prime reasons driving the solar PV market growth during the next few years. Also, advances in thin-film solar PV modules and the emergence of zero-energy buildings will lead to sizable demand in the market.

Technavio presents a detailed picture of the market through study, synthesis, and summation of data from multiple sources by analyzing key parameters. Our report on the solar PV market covers the following areas:

• Solar PV market sizing
• Solar PV market forecast
• Solar PV market industry analysis

Technavio's 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 solar PV market vendors that include Adani Green Energy Ltd., Canadian Solar Inc., CertainTeed, First Solar Inc., Flisom AG, Greatcell Energy Pty Ltd., JA Solar Technology Co. Ltd., Jiangsu Seraphim Solar System Co. Ltd., JinkoSolar Holding Co. Ltd., LG Electronics Inc., Panasonic Corp, Prism Solar Technologies Inc., REC Solar Holdings AS, RenewSys India Pvt. Ltd., Ritika Systems Pvt. Ltd., Solaria Corp., SolarTech Universal LLC, SunPower Corp, Waaree Energies Ltd., and Yingli Green Energy Holding Co. Ltd. Also, the solar PV market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all future 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.

Technavio presents a detailed picture of the market through study, synthesis, and summation of data from multiple sources by analyzing 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. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.