Global Solar PV Installation Market by Type (Off-grid PV System, Grid-connected PV System), By Application (Ground PV Systems Installation, Roof PV Systems Installation, BIPV Systems Installation) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global solar PV installation market is expected to grow at a CAGR of over 13% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for renewable energy sources across the globe and government initiatives and subsidies for promoting solar installations. The off-grid PV system segment is expected to dominate the global solar PV installation market during the forecast period, owing to its low cost and easy installation. However, grid-connected PV systems are expected to grow at a higher CAGR due their ability to provide power backup during outages and reduce transmission losses. In terms of applications, ground PV systems are expected to account for a larger share of the global solar PV installation market than roof or BIPV systems. This can be attributed primarilytothe growing popularity of ground mounted systems in countries such as China, Japan, and India where there is ample open space available for installing large-scale projects.



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Product Definition:

A solar photovoltaic (PV) installation is a system that uses panels made of semiconductor materials to convert sunlight into electrical energy. The importance of solar PV installations lies in the fact that they are a renewable energy source and do not produce emissions that contribute to climate change.

Off-grid PV System:

An off-grid photovoltaic system is a power system that uses solar energy to provide electricity for domestic use. It can be defined as a group of solar panels, which are not connected to the main electric grid and used for providing power to the domestic end-use applications. The major factors driving market growth include declining prices of PV modules coupled with increasing awareness regarding renewable sources of energy.

Grid-connected PV System:

A grid-connected photovoltaic system is one in which the electricity generated is transmitted to the utility grid and used by consumers. It has a source of energy other than conventional sources such as coal, gas or nuclear power plants. The most common type of solar PV installation includes panels that are fixed on a roof and these panels follow the sun throughout its journey across the sky, thereby generating electricity for use at different times of day depending upon when it is positioned over any given area.

Application Insights:

Based on application, the global solar PV installation market has been segmented into ground-mounted systems, roof-mounted systems, and biophilic photovoltaic installations. The ground-mounted system installation dominated the market in 2017 and is expected to continue its dominance over the forecast period. This can be attributed to growing government support for promoting renewable energy generation as well as increasing investments by private players in developing countries such as India and China.

The roof mounted system segment is also expected to witness significant growth over the forecast period owing to rising awareness regarding benefits such as electricity cost savings & bill reduction along with environmental benefits of installing rooftop solar panels at homes & businesses. In addition, an increase in demand for clean electricity from residential consumers along with a growing number of FIT programs are anticipated to boost industry growth over the coming years.

Regional Analysis:

Asia Pacific regional solar PV installation market is anticipated to witness significant growth over the forecast period owing to increasing awareness regarding the benefits of renewable energy, rising investments in utility-scale projects, and government initiatives. The region accounted for a share of over 40% in 2016 and is expected to grow at a CAGR exceeding 13% from 2017 to 2030.

The European regional market captured a significant share in 2016 owing to favorable government policies supporting grid-connected PV systems installation along with growing consumer awareness regarding clean energy sources. Moreover, technological advancements related to manufacturing high efficiency polycrystalline silicon modules are likely ot drive industry growth over the next eight years.

North America also contributed significantly towards global demand as residential consumers continue adopting cost-effective technologies across various states within U.S.

Growth Factors:

Increasing demand for electricity due to population growth and industrialization in developing countries.
Government policies and regulations supporting solar PV installations, including financial incentives and targets for renewable energy generation.
Reduction in the cost of solar PV systems, making them more affordable for consumers and businesses.
Advances in technology that have led to increased efficiency and reduced costs of solar PV cells and modules.
Growing awareness of the benefits of solar PV among consumers, businesses, and policy-makers worldwide


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Scope Of The Report
Report Attributes
Report Details
Report Title
Solar PV Installation Market Research Report
By Type
Off-grid PV System, Grid-connected PV System
By Application
Ground PV Systems Installation, Roof PV Systems Installation, BIPV Systems Installation
By Companies
SolarCity, GRID Alternatives, Sungevity, Sunpower, RGS Energy, Vivint Solar, Sun Edison, NRG Energy, Sunnova, SunRun, Enfinity, Invictus NV, Energy 21 a.s., Conergy, Phoenix Solar AG, BIOSAR (AKTOR S.A.), BP Solar, OPDE Group, Singyes Solar
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.

Global Solar PV Installation Market Report Segments:
The global Solar PV Installation market is segmented on the basis of:
Types
Off-grid PV System, Grid-connected PV System
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Ground PV Systems Installation, Roof PV Systems Installation, BIPV Systems Installation
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
SolarCity
GRID Alternatives
Sungevity
Sunpower
RGS Energy
Vivint Solar
Sun Edison
NRG Energy
Sunnova
SunRun
Enfinity
Invictus NV
Energy 21 a.s.
Conergy
Phoenix Solar AG
BIOSAR (AKTOR S.A.)
BP Solar
OPDE Group
Singyes Solar



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Highlights of The Solar PV Installation Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
Off-grid PV System
Grid-connected PV System
By Application:
Ground PV Systems Installation
Roof PV Systems Installation
BIPV Systems Installation
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Solar PV Installation Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
Identifying Appropriate Advertising Appeals



8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

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