Photovoltaic Market Research Report

Photovoltaic Market Size by Component (Optics, Trackers, Cells), By Type (inorganic PV, Organic PV), By Application (Non-Residential Applications, Residential Applications, Utility Applications), By Region (North America, Europe, Asia-Pacific, Rest of the World), Market Analysis Report, Forecast

Photovoltaic aid within the conversion of solar power into electricity using semiconducting materials.

Purchase User License

MARKET SNAPSHOT

Major Players

  • Renesola Co. Ltd
  • Suntech Power Holdings Co. Ltd
  • Trina Solar
  • Yingli Green
  • Canadian Solar inc.
  • Study period:

    2022-2027

    Base Year:

    2021

    CAGR:

    6

    Fastest Growing Market:

    APAC

    Largest Market:

    North America

    REPORT DESCRIPTION

    Photovoltaic technology changes energy from solar radiation directly into electricity using semiconductor materials. It has no mechanical moving parts; therefore, it has a protracted service life, demanding minimal maintenance. Photovoltaic technology is used in renewable energy systems variety from small-scale systems for lighting and pumping to large-scale systems for whole buildings and utility-scale photovoltaic farms.  Incessant supply of energy and relatively lower expenses of photovoltaic energy than conventional energy foundations have made PV technology lucrative for application in industrial sectors like telecommunication, aerospace & defense, agriculture, and automotive. This factor is anticipated to escalate market development during the estimate period.  Additionally, rise in popularity of photovoltaic technology due to its employment in electricity generation, to deliver electricity for residential buildings, at a low cost is anticipated to drive the growth of the global photovoltaic market. Additionally, high concentrated PV is widely usein military and aerospace applications like in the manufacturing of solar panels for satellites.

    The global Photovoltaic market is segregated on the basis of Component as Optics, Trackers, and Cells. Based on Type the global Photovoltaic market is segmented in inorganic PV and Organic PV. Based on Application the global Photovoltaic market is segmented in Non-Residential Applications, Residential Applications, and Utility Applications.

    The global Photovoltaic market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Photovoltaic market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

    Competitive Rivalry

    Renesola Co. Ltd, Suntech Power Holdings Co. Ltd, Trina Solar, Yingli Green, Canadian Solar inc., Kaneka Corporation, Kyocera Corporation, Mitsubishi Electric Corporation, Panasonic Corporation, Sharp Corporation, and others are among the major players in the global Photovoltaic market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.

    The Photovoltaic Market has been segmented as below:

    Photovoltaic Market, By Component

    • Optics
    • Trackers
    • Cells

    Photovoltaic Market, By Type

    • inorganic PV
    • Organic PV

    Photovoltaic Market, By Application

    • Non-Residential Applications
    • Residential Applications
    • Utility Applications

    Photovoltaic Market, By Region

    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World

    Photovoltaic Market, By Company

    • Renesola Co. Ltd
    • Suntech Power Holdings Co. Ltd
    • Trina Solar
    • Yingli Green
    • Canadian Solar inc.
    • Kaneka Corporation
    • Kyocera Corporation
    • Mitsubishi Electric Corporation
    • Panasonic Corporation
    • Sharp Corporation
    • Ja Solar Co. Ltd
    • Jinko Solar

    The report covers:

    • Global Photovoltaic market sizes from 2018 to 2027, along with CAGR for 2022-2027
    • Market size comparison for 2020 vs 2027 with actual data for 2021, estimates for 2022 and forecast from 2022 to 2027
    • Global Photovoltaic market trends, covering comprehensive range of consumer trends & manufacturer trends
    • Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Photovoltaic market
    • Major market opportunities and challenges in forecast timeframe to be focused
    • Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
    • Comprehensive company profiles of the key industry players

    Report Scope:

    The global Photovoltaic market report scope includes detailed study covering underlying factors influencing the industry trends.

    The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies.

    The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Photovoltaic market share. Major industry players with significant revenue share include Renesola Co. Ltd, Suntech Power Holdings Co. Ltd, Trina Solar, Yingli Green, Canadian Solar inc., Kaneka Corporation, Kyocera Corporation, Mitsubishi Electric Corporation, Panasonic Corporation, Sharp Corporation, and others.

    Reasons to Buy this Report:

    • Gain detailed insights on the Photovoltaic industry trends
    • Find complete analysis on the market status
    • Identify the Photovoltaic market opportunities and growth segments
    • Analyse competitive dynamics by evaluating business segments & product portfolios
    • Facilitate strategy planning and industry dynamics to enhance decision making

    Some of the recent developments in Photovoltaic Market are as follows:

    Mitsubishi Electric Corporation

    • 07-2020: Mitsubishi Electric Corporation declared that Mitsubishi Electric Group companies will provide a total of 10 million yen to support victims of the torrential rain and flooding that affected parts of Southern and Central Japan in July 2020.
    • 07-2020: Mitsubishi Electric Corporation declared they have advanced a new technology to realize a gallium nitridepower amplifier module for 5G base-stations that offers a combination of compact footprint and extra-high power-efficiency1, the latter exceeding an unprecedented rating of 43.2.

    Kyocera Corporation

    • 03-2020: Kyocera Corporation declared that it has developed a Smart Cane prototype for the visually reduced which could support prevent accidents at train stations.

    Customization

    Customized report as per the requirement can be offered with appropriate recommendations

    Below are our new reports:

    Satellite Data Services Market 

    Thermopile Laser Sensor Market

    PC Radiator Air Cooling System Market

    NTC Thermistor Probes Market 

    Spark Gap Protector Market

    1. Introduction
        1.1 Key Insights
        1.2 Report Overview
        1.3 Markets Covered
        1.4 Stakeholders
    2. Research Methodology
        2.1 Research Scope
        2.2 Market Research Process
        2.3 Research Data Analysis
            2.4.1 Secondary Research
            2.4.2 Primary Research
            2.4.3 Models for Estimation
        2.5 Market Size Estimation
            2.5.1 Bottom-Up Approach – Segmental Market Analysis
            2.5.2 Top-Down Approach – Parent Market Analysis
    3. Executive Summary
    4. Market Overview
        4.1 Introduction
            4.2.1 Drivers
            4.2.2 Restraints
            4.2.3 Opportunities
            4.2.4 Challenges
        4.2 Porter’s Five Force Analysis
    5. Photovoltaic Market, By Component
        5.1 Introduction
        5.2 Optics
            5.2.1 Market Overview
            5.2.2 Market Size and Forecast
        5.3 Trackers
            5.3.1 Market Overview
            5.3.2 Market Size and Forecast
        5.4 Cells
            5.4.1 Market Overview
            5.4.2 Market Size and Forecast
    6. Photovoltaic Market, By Type
        6.1 Introduction
        6.2 inorganic PV
            6.2.1 Market Overview
            6.2.2 Market Size and Forecast
        6.3 Organic PV
            6.3.1 Market Overview
            6.3.2 Market Size and Forecast
    7. Photovoltaic Market, By Application
        7.1 Introduction
        7.2 Non-Residential Applications
            7.2.1 Market Overview
            7.2.2 Market Size and Forecast
        7.3 Residential Applications
            7.3.1 Market Overview
            7.3.2 Market Size and Forecast
        7.4 Utility Applications
            7.4.1 Market Overview
            7.4.2 Market Size and Forecast
    8. Photovoltaic Market, By Geography
        8.1 Introduction
        8.2 North America
            8.2.1 North America Photovoltaic, By Component
            8.2.2 North America Photovoltaic, By Type
            8.2.3 North America Photovoltaic, By Application
        8.3 Europe
            8.3.1 Europe Photovoltaic, By Component
            8.3.2 Europe Photovoltaic, By Type
            8.3.3 Europe Photovoltaic, By Application
        8.4 Asia-Pacific
            8.4.1 Asia-Pacific Photovoltaic, By Component
            8.4.2 Asia-Pacific Photovoltaic, By Type
            8.4.3 Asia-Pacific Photovoltaic, By Application
        8.5 Rest of the World
            8.5.1 Rest of the World Photovoltaic, By Component
            8.5.2 Rest of the World Photovoltaic, By Type
            8.5.3 Rest of the World Photovoltaic, By Application
    9. Competitive Insights
        9.1 Key Insights
        9.2 Company Market Share Analysis
        9.3 Strategic Outlook
            9.3.1 Mergers & Acquisitions
            9.3.2 New Product Development
            9.3.3 Portfolio/Production Capacity Expansions
            9.3.4 Joint Ventures, Collaborations, Partnerships & Agreements
            9.3.5 Others
    10. Company Profiles
        10.1 Renesola Co. Ltd
            10.1.1 Company Overview
            10.1.2 Product/Service Landscape
            10.1.3 Financial Overview
            10.1.4 Recent Developments
        10.2 Suntech Power Holdings Co. Ltd
            10.2.1 Company Overview
            10.2.2 Product/Service Landscape
            10.2.3 Financial Overview
            10.2.4 Recent Developments
        10.3 Trina Solar
            10.3.1 Company Overview
            10.3.2 Product/Service Landscape
            10.3.3 Financial Overview
            10.3.4 Recent Developments
        10.4 Yingli Green
            10.4.1 Company Overview
            10.4.2 Product/Service Landscape
            10.4.3 Financial Overview
            10.4.4 Recent Developments
        10.5 Canadian Solar inc.
            10.5.1 Company Overview
            10.5.2 Product/Service Landscape
            10.5.3 Financial Overview
            10.5.4 Recent Developments
        10.6 Kaneka Corporation
            10.6.1 Company Overview
            10.6.2 Product/Service Landscape
            10.6.3 Financial Overview
            10.6.4 Recent Developments
        10.7 Kyocera Corporation
            10.7.1 Company Overview
            10.7.2 Product/Service Landscape
            10.7.3 Financial Overview
            10.7.4 Recent Developments
        10.8 Mitsubishi Electric Corporation
            10.8.1 Company Overview
            10.8.2 Product/Service Landscape
            10.8.3 Financial Overview
            10.8.4 Recent Developments
        10.9 Panasonic Corporation
            10.9.1 Company Overview
            10.9.2 Product/Service Landscape
            10.9.3 Financial Overview
            10.9.4 Recent Developments
        10.10 Sharp Corporation
            10.10.1 Company Overview
            10.10.2 Product/Service Landscape
            10.10.3 Financial Overview
            10.10.4 Recent Developments
                10.11 Ja Solar Co. Ltd
                            10.11.1 Company Overview
            10.11.2 Product/Service Landscape
            10.11.3 Financial Overview
            10.11.4 Recent Developments
                10.12 Jinko Solar
                           10.12.1 Company Overview
            10.12.2 Product/Service Landscape
            10.12.3 Financial Overview
            10.12.4 Recent Developments

    The Photovoltaic Market has been segmented as below:

    Photovoltaic Market, By Component

    • Optics
    • Trackers
    • Cells

    Photovoltaic Market, By Type

    • inorganic PV
    • Organic PV

    Photovoltaic Market, By Application

    • Non-Residential Applications
    • Residential Applications
    • Utility Applications

    Photovoltaic Market, By Region

    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World

    Photovoltaic Market, By Company

    • Renesola Co. Ltd
    • Suntech Power Holdings Co. Ltd
    • Trina Solar
    • Yingli Green
    • Canadian Solar inc.
    • Kaneka Corporation
    • Kyocera Corporation
    • Mitsubishi Electric Corporation
    • Panasonic Corporation
    • Sharp Corporation
    • Ja Solar Co. Ltd
    • Jinko Solar

    Got a question? We've got answers. If you have some other questions, see our support center.

    The segment included in Photovoltaic market is Component, Type, Application, Company and region.
    Some key players operating in the Photovoltaic market include Renesola Co. Ltd, Suntech Power Holdings Co. Ltd, Trina Solar, Yingli Green, Canadian Solar inc., Kaneka Corporation, Kyocera Corporation, Mitsubishi Electric Corporation
    We can offer several formats of the market research reports including, • PDF • PPT • Spreadsheet/ Workbook

    Related Reports