Market Overview:
The global photovoltaic devices market is expected to grow from USD XX million in 2018 to USD XX million by 2030, at a CAGR of X.X%. The growth of the market can be attributed to the increasing demand for renewable energy sources and rising awareness about the benefits of solar energy. Based on type, the global photovoltaic devices market is segmented into organic photovoltaic devices and inorganic photovoltaic devices. Inorganic PV cells are expected to account for a larger share of the market than organic PV cells during the forecast period. This can be attributed to their higher efficiency and longer life span as compared to organic PV cells. Based on application, the global photovoltaic devices market is segmented into residential and non-residential applications.
Product Definition:
A photovoltaic device is a material that converts light into electrical energy. Photovoltaic devices are used to power satellites, calculators, and other small electronic devices. They are also used in large-scale power generation applications such as solar farms.
Organic Photovoltaic Devices:
Organic photovoltaic devices are made from materials that possess the ability to generate electricity by harnessing solar energy. Organic PV devices are manufactured using organic compounds such as perovskite, methacrylate, and chlorinated polyethylene. These materials exhibit semiconducting properties which when applied to a solar cell produce current flow with no external electrical supply.
Inorganic Photovoltaic Devices:
Inorganic photovoltaic devices are semiconductor materials that absorb sunlight and convert it to electricity. The most common inorganic photovoltaics used for solar power include glass, silicon, and cadmium telluride. These solar cells have a higher absorption coefficient as compared to organic cells; however, they are more expensive per watt of capacity owing to high raw material costs associated with the production of these inorganic photovoltaics.
Application Insights:
The market is segmented by application into residential and non-residential. The non-residential segment held the largest share of over 70% in 2017. Growing demand for solar energy for commercial buildings, such as hotels, restaurants and educational institutions is expected to drive the growth of this application segment over the forecast period.
The residential sector accounted for a significant share in 2017 owing to increasing government support & subsidies towards installation of rooftop solar systems across countries, such as Germany, Italy and China. In addition, favorable government policies on net metering along with feed-in tariff schemes are expected to increase PV installations in homes across various countries worldwide.
Moreover, growing awareness regarding clean energy along with rising concerns regarding greenhouse gas emissions has resulted in increased focus on renewable sources including wind power.
Regional Analysis:
Asia Pacific accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The region has witnessed a growing adoption of solar energy due to government initiatives, which have resulted in high product demand. For instance, China’s 13th Five-Year Plan (2016 - 2020) aims at reducing carbon emissions and promoting sustainable development by encouraging investments in renewable energy technologies including photovoltaics. This plan is expected to boost PV installations across the country, thereby driving regional growth over the next eight years.
North America accounted for a significant market share owing to rising awareness regarding benefits of solar power along with increasing installation of residential facilities across U.S., Canada, and Mexico on account of declining costs associated with PV systems as well as incentives provided by governments for large scale installations under FIT programs & net metering guidelines).
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization in developing countries
- Government policies and regulations supporting the use of renewable energy sources
- Reduction in the cost of photovoltaic devices due to technological advancements and economies of scale
- Growing awareness about the benefits of using solar energy among consumers and businesses
- Expansion of installed capacity by leading manufacturers
Scope Of The Report
Report Attributes
Report Details
Report Title
Photovoltaic Devices Market Research Report
By Type
Organic Photovoltaic Devices, Inorganic Photovoltaic Devices
By Application
Residential, Non-residential
By Companies
Kyocera Corporation, Kaneka Corporation, Panasonic Corporation, JA Solar, Trina Solar, Suntech Power Holdings, Sharp, Jinko Solar, Canadian Solar, Mitsubishi Electric, ReneSola, Horiba, Yingli Green, Sanyo Electric, Omnik 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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Photovoltaic Devices Market Report Segments:
The global Photovoltaic Devices market is segmented on the basis of:
Types
Organic Photovoltaic Devices, Inorganic Photovoltaic Devices
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
Residential, Non-residential
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:
- Kyocera Corporation
- Kaneka Corporation
- Panasonic Corporation
- JA Solar
- Trina Solar
- Suntech Power Holdings
- Sharp
- Jinko Solar
- Canadian Solar
- Mitsubishi Electric
- ReneSola
- Horiba
- Yingli Green
- Sanyo Electric
- Omnik Solar
Highlights of The Photovoltaic Devices 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:
- Organic Photovoltaic Devices
- Inorganic Photovoltaic Devices
- By Application:
- Residential
- Non-residential
- 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 Photovoltaic Devices 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
Frequently Asked Questions?
A photovoltaic device is a technology that converts sunlight into electrical energy. Solar panels are the most common type of photovoltaic devices, but other technologies such as organic solar cells and dye-sensitized solar cells are also being developed.
Some of the major players in the photovoltaic devices market are Kyocera Corporation, Kaneka Corporation, Panasonic Corporation, JA Solar, Trina Solar, Suntech Power Holdings, Sharp, Jinko Solar, Canadian Solar, Mitsubishi Electric, ReneSola, Horiba, Yingli Green, Sanyo Electric, Omnik Solar.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Photovoltaic Devices Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Photovoltaic Devices Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Photovoltaic Devices Market - Supply Chain
4.5. Global Photovoltaic Devices Market Forecast
4.5.1. Photovoltaic Devices Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Photovoltaic Devices Market Size (000 Units) and Y-o-Y Growth
4.5.3. Photovoltaic Devices Market Absolute $ Opportunity
5. Global Photovoltaic Devices Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Photovoltaic Devices Market Size and Volume Forecast by Type
5.3.1. Organic Photovoltaic Devices
5.3.2. Inorganic Photovoltaic Devices
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Photovoltaic Devices Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Photovoltaic Devices Market Size and Volume Forecast by Application
6.3.1. Residential
6.3.2. Non-residential
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Photovoltaic Devices Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Photovoltaic Devices Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Photovoltaic Devices Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Photovoltaic Devices Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Photovoltaic Devices Demand Share Forecast, 2019-2026
9. North America Photovoltaic Devices Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Photovoltaic Devices Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Photovoltaic Devices Market Size and Volume Forecast by Application
9.4.1. Residential
9.4.2. Non-residential
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Photovoltaic Devices Market Size and Volume Forecast by Type
9.7.1. Organic Photovoltaic Devices
9.7.2. Inorganic Photovoltaic Devices
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Photovoltaic Devices Demand Share Forecast, 2019-2026
10. Latin America Photovoltaic Devices Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Photovoltaic Devices Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Photovoltaic Devices Market Size and Volume Forecast by Application
10.4.1. Residential
10.4.2. Non-residential
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Photovoltaic Devices Market Size and Volume Forecast by Type
10.7.1. Organic Photovoltaic Devices
10.7.2. Inorganic Photovoltaic Devices
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Photovoltaic Devices Demand Share Forecast, 2019-2026
11. Europe Photovoltaic Devices Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Photovoltaic Devices Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Photovoltaic Devices Market Size and Volume Forecast by Application
11.4.1. Residential
11.4.2. Non-residential
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Photovoltaic Devices Market Size and Volume Forecast by Type
11.7.1. Organic Photovoltaic Devices
11.7.2. Inorganic Photovoltaic Devices
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Atractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Photovoltaic Devices Demand Share, 2019-2026
12. Asia Pacific Photovoltaic Devices Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Photovoltaic Devices Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Photovoltaic Devices Market Size and Volume Forecast by Application
12.4.1. Residential
12.4.2. Non-residential
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Photovoltaic Devices Market Size and Volume Forecast by Type
12.7.1. Organic Photovoltaic Devices
12.7.2. Inorganic Photovoltaic Devices
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Photovoltaic Devices Demand Share, 2019-2026
13. Middle East & Africa Photovoltaic Devices Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Photovoltaic Devices Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Photovoltaic Devices Market Size and Volume Forecast by Application
13.4.1. Residential
13.4.2. Non-residential
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Photovoltaic Devices Market Size and Volume Forecast by Type
13.7.1. Organic Photovoltaic Devices
13.7.2. Inorganic Photovoltaic Devices
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Photovoltaic Devices Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Photovoltaic Devices Market: Market Share Analysis
14.2. Photovoltaic Devices Distributors and Customers
14.3. Photovoltaic Devices Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Kyocera Corporation
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Kaneka Corporation
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Panasonic Corporation
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. JA Solar
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Trina Solar
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Suntech Power Holdings
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Sharp
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Jinko Solar
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Canadian Solar
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Mitsubishi Electric
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. ReneSola
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Horiba
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Yingli Green
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Sanyo Electric
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Omnik Solar
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
