Photovoltaic Market Explosive Growth Till 2027 by Recent Trends and Forecast

Learning Objective

  • To provide detailed analysis of the market structure along with forecast for the next 10 years of the various segments and sub-segments of the Global Photovoltaic market.
  • To provide insights about factors affecting the market growth.
  • To Analyze the Photovoltaic Market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.
  • To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW).
  • To provide country level analysis of the market with respect to the current market size and future prospective
  • To provide country level analysis of the market for segment by technologies, by applications and sub-segments.
  • To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
  • To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Global Photovoltaic market.

 

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Market Scenario

The major growth driver of Photovoltaic Market includes growing population which drives the demand for effective and reliable electricity supply, increasing solar installations with energy storage and stringent government rules and regulations among others. However, varying weather conditions and high technological cost are the major factors which are hindering the growth of Photovoltaic Market.

 

Market Segments

Global Photovoltaic Market can be segmented as follows:

  • Segmentation by Technology: Single Crystal and Polycrystalline, Thin-Film, Multi-Si and Mono-Si
  • Segmentation by Application: Residential, Non-Residential and Government

 

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Key Players:

Some of the major players in Global Photovoltaic Market include:

  • Panasonic Corporation
  • Mitsubishi electric corporation (Japan)
  • Trina Solar (China)
  • Canadian Solar (Canada)
  • Jinko Solar (China)
  • JA Solar (China)
  • Hanwha Q CELLS (South Korea)
  • First Solar (U.S.)
  • Yingli Green (China)
  • ReneSola (China)
  • Kiira Motors Corporation (Uganda)
  • Tesla (U.S.)
  • Solar city (U.S.)
  • Sun Power Corp (U.S.)

 

Industry News:

  • Kiira Motors Corporation has announced in May 2016 about its new development, Africa’s first solar powered bus which is going to unveiled in United Nations Environmental Assembly this year.
  • Tesla motors and solar city has announced their merger plans in August 2016. Solar city has accepted Tesla motors $2.6 billion offer to buy solar panel installer.

 

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