GlobalÂ Solar Photovoltaic Installations MarketÂ (PV) was valued US$140 Bn in 2017 and is anticipated to reach US$550 Bn by 2026 at a CAGR of about 18.5 % during a forecast
Global Solar Photovoltaic Installations Market (PV) by Technology, by grid type, by end use, and by region. Based on technology Global Solar Photovoltaic Installations Market (PV) is segmented into thin Film, Crystalline Silicon, and Others. In terms of grid Global Solar Photovoltaic Installations Market (PV) is segmented into Grid Connected and Off-Grid. Residential, Commercial, and Utility-Scale are the end-user segment in Global Solar Photovoltaic Installations Market (PV). Geographically into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
Depleting oil reserves and a rising need for sustainable energy resources and is a major driver for the market growth of solar photovoltaic panel installation market. Awareness for energy security and self-sufficiency combined with government legislation is expected to rise solar photovoltaic panelâ€™s installation market growth. Solar photovoltaic panelâ€™s installation on a rooftop is gaining popularity. Fluctuation in crude oil price, an environmental concern of hydropower, and risk of nuclear radiation accidents in nuclear power plants offer an opportunity. Countries with low income cannot afford the installation of a solar photovoltaic panel this may hinder the solar photovoltaic panel installation market. Countries with reliable and stable grid infrastructure and subsidized electricity charges limit the adoption of solar photovoltaic panel installation market which adds restrain to the market.
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Global Solar Photovoltaic Installations Market (PV)
In terms of technology solar photovoltaic panelâ€™s installation market is segmented into a thin film, crystalline silicon, and others. Crystalline silicon Photovoltaics is the most widely used photovoltaic technology in the solar photovoltaic panels market. Crystalline silicon solar cells offer high efficiency compared to thin film in terms of voltage rating temp coefficient, mounting system, and required area. Mono-crystalline silicon and Mono-crystalline silicon are sub-segments of crystalline silicon Photovoltaics.
A commercial is dominating the solar photovoltaic panelâ€™s installation market. A commercial is simple enough to install does not need a skilled person and are cost effective. Residential is not able to provide power for all your loads since the cost and volume of batteries would be prohibitive. Off-Grid systems require a lot more specialized equipment to the function that is more costly and more complex to install.
Commercial segment is leading the Global Solar Photovoltaic Installations Market (PV) owing to the popularity of top roof installation. Residential and utility scale is expected to gain solar photovoltaic market in a forecast. A various project is planned worldwide.
The Asia Pacific is leading the solar photovoltaic panelâ€™s installation market. China has surpassed its 2020 solar panel target. India is following Chinaâ€™s footprint. Europe is the second largest segment by region solar photovoltaic installation market.
Trina Solar Ltd, Canadian Solar Inc, JA Solar, First Solar Inc, Jinko Solar Holding Company Ltd, Yingli Green Energy Holding Co. Ltd, Renesola, Sun Power Corporation, Solar World AG, and Mitsubishi Electric Corporation, Yingli Green Energy Holding Co. Ltd, Renesola, Jinko Solar Holding Company Ltd, Solar World AG, Trina Solar Ltd
Scope of the Global Solar Photovoltaic Installations Market (PV)
Solar Photovoltaic (PV) Installations Market by Technology:
â€¢ Thin Film
â€¢ Crystalline Silicon
Solar Photovoltaic (PV) Installations Market by Grid Type
â€¢ Grid Connected
Solar Photovoltaic (PV) Installations Market by End-Use
â€¢ Utility Scale
Solar Photovoltaic (PV) Installations Market by Region
â€¢ North America
â€¢ Asia Pacific
â€¢ Middle East & Africa
â€¢ Latin America
Key Player analyzed in the Global Solar Photovoltaic Installations Market (PV):
â€¢ Suntech Power Holding Co. Ltd.
â€¢ Sun Power Corporation
â€¢ First Solar Inc.
â€¢ Yingli Green Energy Holding Co. Ltd.
â€¢ Canadian Solar Inc.
â€¢ Schott Solar Ag
â€¢ Sharp Corporation
â€¢ Solar World
â€¢ Jinko Solar Holding Company Ltd
â€¢ Trina Solar Ltd
â€¢ Kaneka Corporation
â€¢ Kyocera Corporation
â€¢ Panasonic Corporation
â€¢ Renesola Co. Ltd
â€¢ BP Solar International
â€¢ Bloo Solar Inc
â€¢ 1366 Technologies Inc.
â€¢ 3GSolar Photovoltaics Ltd.
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