The global solar PV systems market is expected to grow at a CAGR of 8.5% during the forecast period, from 2021 to 2030. The market is driven by factors such as increasing demand for renewable energy sources and government initiatives for promoting renewable energy sources. The residential segment accounted for the largest share in the global solar PV systems market in 2018, followed by utility and commercial & industrial segments. Asia Pacific was the leading region in terms of revenue contribution in 2018, followed by North America and Europe.
5a) Solar PV systems can be used to generate electricity from sunlight without emitting any greenhouse gases or other pollutants into the atmosphere; this makes them an attractive option for countries looking to reduce their carbon footprint while also meeting their energy needs.
5b) Solar PV systems can be installed on rooftops or ground-mounted structures; they do not require much space so they can be installed on residential properties or commercial buildings.
Some Of The Growth Factors Of This Market:
- The cost of solar panels has decreased significantly in recent years, making them more affordable for homeowners.
- Solar PV systems are becoming more efficient and reliable, which is driving demand for the technology.
- Governments around the world are implementing policies to promote renewable energy sources such as solar power, which is increasing demand for solar PV systems and driving growth in the market.
- The global population is growing at a rapid rate, which will increase electricity demand and drive growth in the market over time as well as create new opportunities for companies operating in this space to meet this increased demand with their products and services.
Industry Growth Insights published a new data on “Solar PV Systems Market”. The research report is titled “Solar PV Systems Market research by Types (Organic PV, Inorganic PV), By Applications (Utility, Commercial & Industrial, Residential), By Players/Companies SMA Solar Technology, JinkoSolar, Canadian Solar, Sungrow, Trina Solar, Schneider Elect, Huawei Technologies, KACO New Energy, Sharp Corporation, Flin Energy, First Solar, JA Solar, SolarEdge Technologies, Omron, Microtek International, Enphase Energy, Delta Group, Sineng Electric, Fronius International, Daqo New Energy, Chint Group, GoodWe (Jiangsu) Power Supply Technology”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Solar PV Systems Market Research Report
By Type
Organic PV, Inorganic PV
By Application
Utility, Commercial & Industrial, Residential
By Companies
SMA Solar Technology, JinkoSolar, Canadian Solar, Sungrow, Trina Solar, Schneider Elect, Huawei Technologies, KACO New Energy, Sharp Corporation, Flin Energy, First Solar, JA Solar, SolarEdge Technologies, Omron, Microtek International, Enphase Energy, Delta Group, Sineng Electric, Fronius International, Daqo New Energy, Chint Group, GoodWe (Jiangsu) Power Supply Technology
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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Solar PV Systems Market Report Segments:
The global Solar PV Systems market is segmented on the basis of:
Types
Organic PV, Inorganic PV
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
Utility, Commercial & Industrial, 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:
- SMA Solar Technology
- JinkoSolar
- Canadian Solar
- Sungrow
- Trina Solar
- Schneider Elect
- Huawei Technologies
- KACO New Energy
- Sharp Corporation
- Flin Energy
- First Solar
- JA Solar
- SolarEdge Technologies
- Omron
- Microtek International
- Enphase Energy
- Delta Group
- Sineng Electric
- Fronius International
- Daqo New Energy
- Chint Group
- GoodWe (Jiangsu) Power Supply Technology
Highlights of The Solar PV Systems 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 PV
- Inorganic PV
- By Application:
- Utility
- Commercial & Industrial
- 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 Solar PV Systems 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.
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- Correctly Positioning New Products
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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?
Solar PV systems are a type of renewable energy system that uses solar panels to convert sunlight into electricity. Solar PV systems can be used to generate power for homes, businesses, and other buildings.
Some of the major companies in the solar pv systems market are SMA Solar Technology, JinkoSolar, Canadian Solar, Sungrow, Trina Solar, Schneider Elect, Huawei Technologies, KACO New Energy, Sharp Corporation, Flin Energy, First Solar, JA Solar, SolarEdge Technologies, Omron, Microtek International, Enphase Energy, Delta Group, Sineng Electric, Fronius International, Daqo New Energy, Chint Group, GoodWe (Jiangsu) Power Supply Technology.
The solar pv systems market is expected to register a CAGR of 8.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Solar PV Systems 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 Systems 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 Systems Market - Supply Chain
4.5. Global Solar PV Systems Market Forecast
4.5.1. Solar PV Systems Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Solar PV Systems Market Size (000 Units) and Y-o-Y Growth
4.5.3. Solar PV Systems Market Absolute $ Opportunity
5. Global Solar PV Systems 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 Systems Market Size and Volume Forecast by Type
5.3.1. Organic PV
5.3.2. Inorganic PV
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Solar PV Systems 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 Systems Market Size and Volume Forecast by Application
6.3.1. Utility
6.3.2. Commercial & Industrial
6.3.3. Residential
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Solar PV Systems 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 Systems 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 Systems 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 Systems 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 Systems Demand Share Forecast, 2019-2026
9. North America Solar PV Systems 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 Systems 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 Systems Market Size and Volume Forecast by Application
9.4.1. Utility
9.4.2. Commercial & Industrial
9.4.3. Residential
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Solar PV Systems Market Size and Volume Forecast by Type
9.7.1. Organic PV
9.7.2. Inorganic PV
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 Systems Demand Share Forecast, 2019-2026
10. Latin America Solar PV Systems 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 Systems 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 Systems Market Size and Volume Forecast by Application
10.4.1. Utility
10.4.2. Commercial & Industrial
10.4.3. Residential
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Solar PV Systems Market Size and Volume Forecast by Type
10.7.1. Organic PV
10.7.2. Inorganic PV
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 Systems Demand Share Forecast, 2019-2026
11. Europe Solar PV Systems 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 Systems 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 Systems Market Size and Volume Forecast by Application
11.4.1. Utility
11.4.2. Commercial & Industrial
11.4.3. Residential
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Solar PV Systems Market Size and Volume Forecast by Type
11.7.1. Organic PV
11.7.2. Inorganic PV
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. B Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Solar PV Systems Demand Share, 2019-2026
12. Asia Pacific Solar PV Systems 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 Systems 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 Systems Market Size and Volume Forecast by Application
12.4.1. Utility
12.4.2. Commercial & Industrial
12.4.3. Residential
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Solar PV Systems Market Size and Volume Forecast by Type
12.7.1. Organic PV
12.7.2. Inorganic PV
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 Systems Demand Share, 2019-2026
13. Middle East & Africa Solar PV Systems 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 Systems 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 Systems Market Size and Volume Forecast by Application
13.4.1. Utility
13.4.2. Commercial & Industrial
13.4.3. Residential
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 Systems Market Size and Volume Forecast by Type
13.7.1. Organic PV
13.7.2. Inorganic PV
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 Systems Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Solar PV Systems Market: Market Share Analysis
14.2. Solar PV Systems Distributors and Customers
14.3. Solar PV Systems Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. SMA Solar Technology
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. JinkoSolar
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Canadian Solar
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Sungrow
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. Schneider Elect
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Huawei Technologies
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. KACO New Energy
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Sharp Corporation
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Flin Energy
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. First Solar
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. JA Solar
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. SolarEdge Technologies
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Omron
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Microtek International
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Enphase Energy
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Delta Group
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Sineng Electric
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Fronius International
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Daqo New Energy
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
