Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Solar PV Generators Market by Type (Monocrystalline Silicon, Polycrystalline Silicon), By Application (Agriculture, Industrial, Telecommunications & Public Services) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Solar PV Generators Market by Type (Monocrystalline Silicon, Polycrystalline Silicon), By Application (Agriculture, Industrial, Telecommunications & Public Services) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 157634 3300 Machinery & Equipment 377 236 Pages 4.8 (34)

Market Overview:

The global solar PV generators market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for renewable energy sources and the growing awareness about the benefits of solar PV generators. The global solar PV generators market is segmented on the basis of type, application, and region. On the basis of type, it is divided into monocrystalline silicon and polycrystalline silicon. Monocrystalline silicon dominates this market due to its high efficiency as compared to other types of solar PV generators. On the basis of application, it is classified into agriculture, industrial, telecommunications & public services sectors. The industrial sector accounts for a major share in this market due to rising demand for electricity from industries worldwide.

Global Solar PV Generators Industry Outlook

Product Definition:

A solar PV generator is a device that converts sunlight into electrical energy. The importance of solar PV generators lies in their ability to provide an environmentally-friendly and sustainable source of energy.

Monocrystalline Silicon:

Monocrystalline silicon is the purest form of silicon and has no additives. It possesses superior properties such as high thermal conductivity, low absorption coefficient and excellent mechanical strength. Monocrystalline Silicon is used in making photovoltaic (PV) generators mainly because it provides higher efficiency in converting solar energy into electricity compared to polycrystalline or amorphous silicon variants.

Polycrystalline Silicon:

Polycrystalline Silicon is the most widely used type of polycrystalline silicon. It has a higher melting point and lower Bookeeping temperature than monocrystalline as well as a higher yield than single-crystal. The production process of PCS involves two steps, namely mixing and molding, which are carried out in an open system under normal pressure.

Application Insights:

The industrial segment dominated the global solar PV generators market in terms of revenue share in 2017. The application of solar photovoltaic generators has witnessed a rise in industrial applications owing to their ability to provide power for manufacturing and other processes. Solar PV generators are used across multiple applications including data centers, telecoms, public services (electricity & water), agriculture and small-scale commercial applications among others.

Telecommunications & public services was the largest end-use segment that year with a share of over 25% globally. Countries such as Japan have been focusing on increasing their use of renewable sources such as wind and solar energy for providing electricity due to an increase in costs associated with fossil fuel plants that generate electricity thereby driving growth across this sector globally over the coming years.

Regional Analysis:

Asia Pacific regional market accounted for the largest share of global revenue in 2017. The region is expected to maintain its lead over the forecast period owing to increasing government support and rising investments from private players. China, India, Japan, South Korea, Taiwan and Australia are some of the countries that have adopted solar power as a part of their renewable energy programs.

The European regional market also held a significant share in terms of volume in 2017 due to large-scale adoption across several industries including water treatment plants and electricity generation facilities. However, Europe is anticipated to lose out on generating capacity expansion due to gridlock caused by political uncertainty related to Brexit coupled with economic uncertainties regarding cross-border trade among EU member states post Brexit scenario (i.e., no deal or soft Brexit).

Growth Factors:

  • Increasing demand for electricity due to population growth and industrialization in developing countries
  • Government policies and regulations supporting the deployment of solar PV generators
  • Reduction in the cost of solar PV systems, making them more affordable for consumers and businesses
  • Increased awareness about the benefits of solar PV technology among consumers and businesses
  • Technological advancements that make solar PV systems more efficient and reliable

Scope Of The Report

Report Attributes

Report Details

Report Title

Solar PV Generators Market Research Report

By Type

Monocrystalline Silicon, Polycrystalline Silicon

By Application

Agriculture, Industrial, Telecommunications & Public Services

By Companies

Bosch Solar Energy, Mitsubishi Electric, Panasonic, Sanyo Solar, Honda, Kyocera, Sunedison, Sunpower, SolarWorld, First Solar

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


Customization Available

Yes, the report can be customized as per your need.

Global Solar PV Generators Market Report Segments:

The global Solar PV Generators market is segmented on the basis of:


Monocrystalline Silicon, Polycrystalline Silicon

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.


Agriculture, Industrial, Telecommunications & Public Services

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:

  1. Bosch Solar Energy
  2. Mitsubishi Electric
  3. Panasonic
  4. Sanyo Solar
  5. Honda
  6. Kyocera
  7. Sunedison
  8. Sunpower
  9. SolarWorld
  10. First Solar

Global Solar PV Generators Market Overview

Highlights of The Solar PV Generators Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Monocrystalline Silicon
    2. Polycrystalline Silicon
  1. By Application:

    1. Agriculture
    2. Industrial
    3. Telecommunications & Public Services
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Solar PV Generators 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

Global Solar PV Generators Market Statistics

8 Reasons to Buy This Report

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

Frequently Asked Questions?

Solar PV generators are devices that convert sunlight into electricity. Solar PV generators can be used to power homes, businesses, and other small electronic devices.

Some of the major companies in the solar pv generators market are Bosch Solar Energy, Mitsubishi Electric, Panasonic, Sanyo Solar, Honda, Kyocera, Sunedison, Sunpower, SolarWorld, First Solar.

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Solar PV Generators 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. Solar PV Generators Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Solar PV Generators Market - Supply Chain
   4.5. Global Solar PV Generators Market Forecast
      4.5.1. Solar PV Generators Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Solar PV Generators Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Solar PV Generators Market Absolute $ Opportunity

5. Global Solar PV Generators 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. Solar PV Generators Market Size and Volume Forecast by Type
      5.3.1. Monocrystalline Silicon
      5.3.2. Polycrystalline Silicon
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Solar PV Generators 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. Solar PV Generators Market Size and Volume Forecast by Application
      6.3.1. Agriculture
      6.3.2. Industrial
      6.3.3. Telecommunications & Public Services
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Solar PV Generators 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. Solar PV Generators 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 Solar PV Generators 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. Solar PV Generators 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 Solar PV Generators Demand Share Forecast, 2019-2026

9. North America Solar PV Generators 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 Solar PV Generators 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 Solar PV Generators Market Size and Volume Forecast by Application
      9.4.1. Agriculture
      9.4.2. Industrial
      9.4.3. Telecommunications & Public Services
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Solar PV Generators Market Size and Volume Forecast by Type
      9.7.1. Monocrystalline Silicon
      9.7.2. Polycrystalline Silicon
   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 Solar PV Generators Demand Share Forecast, 2019-2026

10. Latin America Solar PV Generators 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 Solar PV Generators 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 Solar PV Generators Market Size and Volume Forecast by Application
      10.4.1. Agriculture
      10.4.2. Industrial
      10.4.3. Telecommunications & Public Services
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Solar PV Generators Market Size and Volume Forecast by Type
      10.7.1. Monocrystalline Silicon
      10.7.2. Polycrystalline Silicon
   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 Solar PV Generators Demand Share Forecast, 2019-2026

11. Europe Solar PV Generators 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 Solar PV Generators 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 Solar PV Generators Market Size and Volume Forecast by Application
      11.4.1. Agriculture
      11.4.2. Industrial
      11.4.3. Telecommunications & Public Services
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Solar PV Generators Market Size and Volume Forecast by Type
      11.7.1. Monocrystalline Silicon
      11.7.2. Polycrystalline Silicon
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-YGrowth Projections by Type
   11.10. Market Attractiveness/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 Solar PV Generators Demand Share, 2019-2026

12. Asia Pacific Solar PV Generators 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 Solar PV Generators 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 Solar PV Generators Market Size and Volume Forecast by Application
      12.4.1. Agriculture
      12.4.2. Industrial
      12.4.3. Telecommunications & Public Services
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Solar PV Generators Market Size and Volume Forecast by Type
      12.7.1. Monocrystalline Silicon
      12.7.2. Polycrystalline Silicon
   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 Solar PV Generators Demand Share, 2019-2026

13. Middle East & Africa Solar PV Generators 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 Solar PV Generators 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 Solar PV Generators Market Size and Volume Forecast by Application
      13.4.1. Agriculture
      13.4.2. Industrial
      13.4.3. Telecommunications & Public Services
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Solar PV Generators Market Size and Volume Forecast by Type
      13.7.1. Monocrystalline Silicon
      13.7.2. Polycrystalline Silicon
   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 Solar PV Generators Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Solar PV Generators Market: Market Share Analysis
   14.2. Solar PV Generators Distributors and Customers
   14.3. Solar PV Generators Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Bosch Solar Energy Overview Financials Developments Strategic Outlook
      14.4.2. Mitsubishi Electric Overview Financials Developments Strategic Outlook
      14.4.3. Panasonic Overview Financials Developments Strategic Outlook
      14.4.4. Sanyo Solar Overview Financials Developments Strategic Outlook
      14.4.5. Honda Overview Financials Developments Strategic Outlook
      14.4.6. Kyocera Overview Financials Developments Strategic Outlook
      14.4.7. Sunedison Overview Financials Developments Strategic Outlook
      14.4.8. Sunpower Overview Financials Developments Strategic Outlook
      14.4.9. SolarWorld Overview Financials Developments Strategic Outlook
      14.4.10. First Solar Overview Financials Developments Strategic Outlook
      14.4.11. COMPANY 11 Overview Financials Developments Strategic Outlook
      14.4.12. COMPANY 12 Overview Financials Developments Strategic Outlook
      14.4.13. COMPANY 13 Overview Financials Developments Strategic Outlook
      14.4.14. COMPANY 14 Overview Financials Developments Strategic Outlook
      14.4.15. COMPANY 15 Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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