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Photovoltaic Market to 2027 - Global Analysis and Forecasts By Application (Residential Applications, Commercial Applications, Utility Applications); Type (Organic Components, Inorganic Components); Component (Cells, Optics, Trackers)

RnM3865193
13 January, 2020
Global
154 Pages
The Insight Partners
Electronics & Semiconductor

The global photovoltaic market accounted for US$.153.99 Bn in 2018 and is expected to grow at a CAGR of 19.8% during the forecast period 2019 - 2027, to account to US$ 768.1 Bn by 2027. Photovoltaic aid in the conversion of solar energy into electricity using semiconducting materials. A photovoltaic system is coupled with solar modules comprising several solar cells to generate electrical power. Photovoltaic installations may be ground-mounted, rooftop-mounted, wall-mounted, or floating. Cells, optics, and trackers are the components used in a photovoltaic system. Photovoltaic systems have broad applications in residential, commercial, and utilities. With an increase in population coupled with the industrial revolution and economic development, energy requirements have grown consistently, which is posing a burden upon natural resources. Solar energy, tapped from the sun, can effectively meet a significant portion of energy needs, which is further driving the market for photovoltaic systems.

Based on the type, the photovoltaic market has been segmented into organic and inorganic components. In 2018, the inorganic components segment accounted for the largest share of the photovoltaic market. Moreover, the organic components segment is projected to grow at a faster pace during the forecast period. The organic photovoltaic technology is useful to transform solar energy to fully redefined electric energy. This technology has the potential to supply electricity at a lower cost. The organic components are used in certain electronic gadgets and wearable devices, where the product is designed to operate on solar energy. Additionally, the rising concern regarding greenhouse gas emissions and carbon footprint have also influenced the market of organic components. The growing trend of building green structures in developed countries including the US, Canada, Australia, China, Germany, and France, among others, is expected to favor the growth of the photovoltaic market during the forecast period.

Supportive government policies is driving the growth of the photovoltaic market. Several government policies have been initiated to promote and support the use of solar energy and production of solar PV products. Such policies may vary across countries and may contribute to regulatory uncertainty. Many government policies have been framed to promote the production and consumption that reflects the growth and development of solar PV industries. Production policies relate to transfer of technology, funding for research and development, production subsidies offered by the government, research deployment, and others. Consumption policies aimed to enhance the installation demand may drive the production of cost-effective solar equipment. To boost the consumption of solar PV technologies, governments initiated policies related to consumption subsidies, FiTs, tax credits, renewable portfolio standards, and others. Therefore, the growth of the photovoltaic market is strongly supported by government policies.

Some of the players present in global photovoltaic market are Mitsubishi Electric Corporation, Panasonic Corporation, Kaneka Corporation, Kyocera Corporation, Sharp Corporation, JA Solar Co. Ltd, Renesola Co. Ltd, Trina Solar, Jinko Solar, and Shunfeng International Clean Energy Limited among others. These players are influencing the growth of the photovoltaic market.

The overall global photovoltaic market size has been derived using both primary and secondary source. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the photovoltaic market. Also, multiple primary interviews were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the photovoltaic market.

1. Introduction

1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
- 1.3.1 Photovoltaic Market, by Application
- 1.3.2 Photovoltaic Market, by Type
- 1.3.3 Photovoltaic Market, by Component
- 1.3.4 Photovoltaic Market, by Geography

2. Key Takeaways

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Photovoltaic Market Landscape

4.1 Market Overview
4.2 PEST Analysis
- 4.2.1 North America
- 4.2.2 Europe
- 4.2.3 Asia Pacific
- 4.2.4 Middle East and Africa
- 4.2.5 South America

5. Photovoltaic Market - Global Market Analysis

5.1 Global Photovoltaic Market Overview
5.2 Global Photovoltaic Market Forecast and Analysis
5.3 Market Positioning - Key Market Players

6. Photovoltaic Market - Key Industry Dynamics

6.1 Key Market Drivers
- 6.1.1 Focus Toward Renewable Energy Forms
- 6.1.2 Supportive Government Policies
6.2 Key Market Restraints
- 6.2.1 High Cost Associated with Photovoltaic Systems
6.3 Key Market Opportunities
- 6.3.1 Increasing Use of Photovoltaic Paints for Tapping Solar Energy
6.4 Key Future Trends
- 6.4.1 Rising Demand for Grid-Connected PV Systems
6.5 Impact Analysis

7. Global Photovoltaic Market Analysis - By Type

7.1 Overview
7.2 Global Photovoltaic Market Breakdown, by Type, 2018 & 2027
7.3 Organic Components
- 7.3.1 Overview
- 7.3.2 Global Organic Components Photovoltaic Market Revenue Forecast to 2027 (US$ Bn)
7.4 Inorganic Components
- 7.4.1 Overview
- 7.4.2 Global Inorganic Components Photovoltaic Market, Revenue Forecast to 2027 (US$ Bn)

8. Global Photovoltaic Market Analysis - By Component

8.1 Overview
8.2 Global Photovoltaic Market Breakdown, By Component, 2018 & 2027
8.3 Cells
- 8.3.1 Overview
- 8.3.2 Global Cells Market Revenue Forecasts to 2027 (US$ Bn)
8.4 Optics
- 8.4.1 Overview
- 8.4.2 Global Optics Market Revenue Forecasts to 2027 (US$ Bn)
8.5 Trackers
- 8.5.1 Overview
- 8.5.2 Global Trackers Market Revenue forecast to 2027 (US$ Bn)

9. Global Photovoltaic Market Analysis - by Application

9.1 Overview
9.2 Global Photovoltaic Market Breakdown, By Application, 2018 & 2027
9.3 Commercial Applications
- 9.3.1 Overview
- 9.3.2 Global Commercial Applications in Photovoltaic Revenue and Forecasts to 2027 (US$ BN)
9.4 Residential Application
- 9.4.1 Overview
- 9.4.2 Global Residential Application in Photovoltaic Revenue Forecast to 2027 (US$ BN)
9.5 Utility Application
- 9.5.1 Overview
- 9.5.2 Global Utility Application in Photovoltaic Revenue and Forecast to 2027 (US$ BN)

10. Photovoltaic Market - Geographic Analysis

10.1 Overview
10.2 North America Photovoltaic Market Revenue and Forecasts to 2027
- 10.2.1 North America Photovoltaic Market Revenue and Forecast to 2027 (US$ Bn)
- 10.2.2 North America Photovoltaic Market Breakdown, by Application
- 10.2.3 North America Photovoltaic Market Breakdown, by Type
- 10.2.4 North America Photovoltaic Market Breakdown, by Component
- 10.2.5 North America Photovoltaic Market Breakdown, by Country
  - 10.2.5.1 US Photovoltaic Market Revenue and Forecast to 2027 (US$ BN)
  - 10.2.5.1.1 US Photovoltaic Market Breakdown, by Application
  - 10.2.5.1.2 US Photovoltaic Market Breakdown, by Type
  - 10.2.5.1.3 US Photovoltaic Market Breakdown, by Component
  - 10.2.5.2 Canada Photovoltaic Market Revenue and Forecast to 2027 (US$ BN)
  - 10.2.5.2.1 Canada Photovoltaic Market Breakdown, by Application
  - 10.2.5.2.2 Canada Photovoltaic Market Breakdown, by Type
  - 10.2.5.2.3 Canada Photovoltaic Market Breakdown, by Component
  - 10.2.5.3 Mexico Photovoltaic Market Revenue and Forecast to 2027 (US$ BN)
  - 10.2.5.3.1 Mexico Photovoltaic Market Breakdown, by Application
  - 10.2.5.3.2 Mexico Photovoltaic Market Breakdown, by Type
  - 10.2.5.3.3 Mexico Photovoltaic Market Breakdown, by Component
  - 10.3 Europe Photovoltaic Market Revenue and Forecasts to 2027
    - 10.3.1 Europe Photovoltaic Market Revenue and Forecast to 2027 (US$ Bn)
    - 10.3.2 Europe Photovoltaic Market Breakdown, by Application
    - 10.3.3 Europe Photovoltaic Market Breakdown, by Type
    - 10.3.4 Europe Photovoltaic Market Breakdown, by Component
    - 10.3.5 Europe Photovoltaic Market Breakdown, by Country
      - 10.3.5.1 Germany Photovoltaic Market Revenue and Forecast to 2027 (US$ BN)
      - 10.3.5.1.1 Germany Photovoltaic Market Breakdown, by Application
      - 10.3.5.1.2 Germany Photovoltaic Market Breakdown, by Type
      - 10.3.5.1.3 Germany Photovoltaic Market Breakdown, by Component
      - 10.3.5.2 France Photovoltaic Market Revenue and Forecast to 2027 (US$ BN)
      - 10.3.5.2.1 France Photovoltaic Market Breakdown, by Application
      - 10.3.5.2.2 France Photovoltaic Market Breakdown, by Type
      - 10.3.5.2.3 France Photovoltaic Market Breakdown, by Component
      - 10.3.5.3 Italy Photovoltaic Market Revenue and Forecast to 2027 (US$ BN)
      - 10.3.5.3.1 Italy Photovoltaic Market Breakdown, by Application
      - 10.3.5.3.2 Italy Photovoltaic Market Breakdown, by Type
      - 10.3.5.3.3 Italy Photovoltaic Market Breakdown, by Component
      - 10.3.5.4 Spain Photovoltaic Market Revenue and Forecast to 2027 (US$ BN)
      - 10.3.5.4.1 Spain Photovoltaic Market Breakdown, by Application
      - 10.3.5.4.2 Spain Photovoltaic Market Breakdown, by Type
      - 10.3.5.4.3 Spain Photovoltaic Market Breakdown, by Component
      - 10.3.5.5 UK Photovoltaic Market Revenue and Forecast to 2027 (US$ BN)
      - 10.3.5.5.1 UK Photovoltaic Market Breakdown, by Application
      - 10.3.5.5.2 UK Photovoltaic Market Breakdown, by Type
      - 10.3.5.5.3 UK Photovoltaic Market Breakdown, by Component
      - 10.3.5.6 Russia Photovoltaic Market Revenue and Forecast to 2027 (US$ BN)
      - 10.3.5.6.1 Russia Photovoltaic Market Breakdown, by Application
      - 10.3.5.6.2 Russia Photovoltaic Market Breakdown, by Type
      - 10.3.5.6.3 Russia Photovoltaic Market Breakdown, by Component
      - 10.3.5.7 Rest of Europe Photovoltaic Market Revenue and Forecast to 2027 (US$ BN)
      - 10.3.5.7.1 Rest of Europe Photovoltaic Market Breakdown, by Application
      - 10.3.5.7.2 Rest of Europe Photovoltaic Market Breakdown, by Type
      - 10.3.5.7.3 Rest of Europe Photovoltaic Market Breakdown, by Component
      - 10.4 SAM Photovoltaic Market Revenue and Forecast to 2027
        10.4.1 SAM Photovoltaic Market Revenue and Forecast to 2027 (US$ Bn)
        10.4.2 SAM Photovoltaic Market Breakdown, By Application
        10.4.3 SAM Photovoltaic Market Breakdown, By Type
        10.4.4 SAM Photovoltaic Market Breakdown, By Component
        10.4.5 SAM Photovoltaic Market Breakdown, by Country
        10.4.5.1 Brazil Photovoltaic Market Revenue and Forecast to 2027 (US$ BN)
        10.4.5.1.1 Brazil Photovoltaic Market Breakdown, By Application
        10.4.5.1.2 Brazil Photovoltaic Market Breakdown, By Type
        10.4.5.1.3 Brazil Photovoltaic Market Breakdown, By Component
        10.4.5.2 Argentina Photovoltaic Market Revenue and Forecast to 2027 (US$ BN)
        10.4.5.2.1 Argentina Photovoltaic Market Breakdown, By Application
        10.4.5.2.2 Argentina Photovoltaic Market Breakdown, By Type
        10.4.5.2.3 Argentina Photovoltaic Market Breakdown, By Component
        10.4.5.3 Rest of SAM Photovoltaic Market Revenue and Forecast to 2027 (US$ BN)
        10.4.5.3.1 Rest of SAM Photovoltaic Market Breakdown, By Application
        10.4.5.3.2 Rest of SAM Photovoltaic Market Breakdown, By Type
        10.4.5.3.3 Rest of SAM Photovoltaic Market Breakdown, By Component
        10.5 APAC Photovoltaic Market Revenue and Forecast to 2027
        10.5.1 APAC Photovoltaic Market Revenue and Forecast to 2027 (US$ Bn)
        10.5.2 APAC Photovoltaic Market Breakdown, By Application
        10.5.3 APAC Photovoltaic Market Breakdown, By Type
        10.5.4 APAC Photovoltaic Market Breakdown, By Component
        10.5.5 APAC Photovoltaic Market Breakdown, by Country
        10.5.5.1 Australia Photovoltaic Market Revenue and Forecast to 2027 (US$ BN)
        10.5.5.1.1 Australia Photovoltaic Market Breakdown, By Application
        10.5.5.1.2 Australia Photovoltaic Market Breakdown, By Type
        10.5.5.1.3 Australia Photovoltaic Market Breakdown, By Component
        10.5.5.2 China Photovoltaic Market Revenue and Forecast to 2027 (US$ BN)
        10.5.5.2.1 China Photovoltaic Market Breakdown, By Application
        10.5.5.2.2 China Photovoltaic Market Breakdown, By Type
        10.5.5.2.3 China Photovoltaic Market Breakdown, By Component
        10.5.5.3 Japan Photovoltaic Market Revenue and Forecast to 2027 (US$ BN)
        10.5.5.3.1 Japan Photovoltaic Market Breakdown, By Application
        10.5.5.3.2 Japan Photovoltaic Market Breakdown, By Type
        10.5.5.3.3 Japan Photovoltaic Market Breakdown, By Component
        10.5.5.4 India Photovoltaic Market Revenue and Forecast to 2027 (US$ BN)
        10.5.5.4.1 India Photovoltaic Market Breakdown, By Application
        10.5.5.4.2 India Photovoltaic Market Breakdown, By Type
        10.5.5.4.3 India Photovoltaic Market Breakdown, By Component
        10.5.5.5 South Korea Photovoltaic Market Revenue and Forecast to 2027 (US$ BN)
        10.5.5.5.1 South Korea Photovoltaic Market Breakdown, By Application
        10.5.5.5.2 South Korea Photovoltaic Market Breakdown, By Type
        10.5.5.5.3 South Korea Photovoltaic Market Breakdown, By Component
        10.5.5.6 Taiwan Photovoltaic Market Revenue and Forecast to 2027 (US$ BN)
        10.5.5.6.1 Taiwan Photovoltaic Market Breakdown, By Application
        10.5.5.6.2 Taiwan Photovoltaic Market Breakdown, By Type
        10.5.5.6.3 Taiwan Photovoltaic Market Breakdown, By Component
        10.5.5.7 Rest of APAC Photovoltaic Market Revenue and Forecast to 2027 (US$ BN)
        10.5.5.7.1 Rest of APAC Photovoltaic Market Breakdown, By Application
        10.5.5.7.2 Rest of APAC Photovoltaic Market Breakdown, By Type
        10.5.5.7.3 Rest of APAC Photovoltaic Market Breakdown, By Component
        10.6 MEA Photovoltaic Market Revenue and Forecast to 2027
        10.6.1 MEA Photovoltaic Market Revenue and Forecast to 2027 (US$ Bn)
        10.6.2 MEA Photovoltaic Market Breakdown, By Application
        10.6.3 MEA Photovoltaic Market Breakdown, By Type
        10.6.4 MEA Photovoltaic Market Breakdown, By Component
        10.6.5 MEA Photovoltaic Market Breakdown, by Country
        11. Company Profiles
        11.1 Mitsubishi Electric Corporation
        11.1.1 Key Facts
        11.1.2 Business Description
        11.1.3 Products and Services
        11.1.4 Financial Overview
        11.1.5 SWOT Analysis
        11.2 Panasonic Corporation
        11.2.1 Key Facts
        11.2.2 Business Description
        11.2.3 Products and Services
        11.2.4 Financial Overview
        11.2.5 SWOT Analysis
        11.2.6 Key Developments
        11.3 Kaneka Corporation
        11.3.1 Key Facts
        11.3.2 Business Description
        11.3.3 Products and Services
        11.3.4 Financial Overview
        11.3.5 SWOT Analysis
        11.3.6 Key Developments
        11.4 Kyocera Corporation
        11.4.1 Key Facts
        11.4.2 Business Description
        11.4.3 Products and Services
        11.4.4 Financial Overview
        11.4.5 SWOT Analysis
        11.4.6 Key Developments
        11.5 Sharp Corporation
        11.5.1 Key Facts
        11.5.2 Business Description
        11.5.3 Products and Services
        11.5.4 Financial Overview
        11.5.5 SWOT Analysis
        11.5.6 Key Developments
        11.6 JA Solar Co., Ltd.
        11.6.1 Key Facts
        11.6.2 Business Description
        11.6.3 Products and Services
        11.6.4 Financial Overview
        11.6.5 SWOT Analysis
        11.6.6 Key Developments
        11.7 Renesola Co. Ltd
        11.7.1 Key Facts
        11.7.2 Business Description
        11.7.3 Products and Services
        11.7.4 Financial Overview
        11.7.5 SWOT Analysis
        11.7.6 Key Developments
        11.8 Trina Solar
        11.8.1 Key Facts
        11.8.2 Business Description
        11.8.3 Products and Services
        11.8.4 Financial Overview
        11.8.5 SWOT Analysis
        11.9 Jinko Solar
        11.9.1 Key Facts
        11.9.2 Business Description
        11.9.3 Products and Services
        11.9.4 Financial Overview
        11.9.5 SWOT Analysis
        11.9.6 Key Developments
        11.10 Shunfeng International Clean Energy Co., Ltd.
        11.10.1 Key Facts
        11.10.2 Business Description
        11.10.3 Products and Services
        11.10.4 Financial Overview
        11.10.5 SWOT Analysis
        12. Appendix
        12.1 About The Insight Partners
        12.2 Glossary of Terms

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Get latest Market Research Reports on Photovoltaic . Industry analysis & Market Report on Photovoltaic is a syndicated market report, published as Photovoltaic Market to 2027 - Global Analysis and Forecasts By Application (Residential Applications, Commercial Applications, Utility Applications); Type (Organic Components, Inorganic Components); Component (Cells, Optics, Trackers). It is complete Research Study and Industry Analysis of Photovoltaic market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.

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Photovoltaic Market to 2027 - Global Analysis and Forecasts By Application (Residential Applications, Commercial Applications, Utility Applications); Type (Organic Components, Inorganic Components); Component (Cells, Optics, Trackers)

Table Of Content

TABLE OF CONTENTS

1. Introduction

2. Key Takeaways

3. Research Methodology

4. Photovoltaic Market Landscape

5. Photovoltaic Market - Global Market Analysis

6. Photovoltaic Market - Key Industry Dynamics

7. Global Photovoltaic Market Analysis - By Type

8. Global Photovoltaic Market Analysis - By Component

9. Global Photovoltaic Market Analysis - by Application

10. Photovoltaic Market - Geographic Analysis

11. Company Profiles

12. Appendix

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