Press release
Solar PV Module Market Size by Key Players: Trina, Canadian Solar, Jinko, JA Solar, First Solar, Yingli, Hanwha Q-Cell, SFCE, ReneSola, SunPower, Vikram Solar, Lanco
Global Market Insights, Inc.
Global Solar PV Module Market is anticipated to grow over 6% and exceed USD 30 billion by 2024. Favorable Government measures towards energy conservation coupled with paradigm shift from conventional to sustainable resources will drive the solar PV module market. Growing concerns towards GHG emissions will further enhance the business landscape. In 2016, the British Columbia government announced the GHG Industrial Reporting & Control Act to define the emissions and standards regulations and norms which are to be followed by power generation units in the area.
Decline in the solar components cost owing to increasing components manufacturing companies, intense competition and economies of scale will further fuel the industry landscape. In 2016, the solar panel prices have declined by 2.5% as compared to previous years.
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Top Key Players:-
Key notable players in solar PV module market includes Motech, Canadian Solar, Hareon, Trina, GCL, JA Solar, Moser Baer, Jinko, Su Kam, Yingli, Vikram Solar, First Solar, Lanco, SFCE, ReneSola, Hanwha Q-Cell and SunPower.
Regional Segmentations: -
Solar PV module market from Germany is projected to exceed 2.5 GW by 2024. Growing government initiatives towards replacement of fossil fuels with clean energy sources including solar, wind and geothermal will boost the industry outlook. In 2017, German Renewable Energy Act relinquished the annual targets of 2.5 GW PV installations.
PV module market from UK will expand substantially owing to various government initiatives towards energy integration. Export tariff introduced by UK government of USD 0.06 per unit of surplus power injected into the grid by the small generators. Ambitious plan towards carbon footprint reduction coupled with various reforms will further boost the business landscape.
Solar PV module market from UAE will account for above 18% by 2024. Increasing investments towards optimum resources utilization and sustainable energy mix will augment the industry landscape. Low Levelized cost pertaining to Engendering & Construction (EPC) programs and IPP projects across the country will further enhance the industry outlook.
Major Companies Include in Solar PV Module Market in terms of Business Overview, Financial Data, Product Landscape, Strategic Outlook, SWOT Analysis
1. Trina Solar
2. Canadian Solar Inc.
3. JA Solar Holding Co.
4. Jinko Solar
5. First Solar
6. Yingli Solar
7. SFCE
8. ReneSola
9. SunPower Corp
10. Vikram Solar Pvt, Ltd.
11. Risen Solar
12. Lanco Solar
13. IndoSolar
14. Su Kam Power System Ltd.
15. GCL
16. Hanwha Q-Cells
17. Moser Baer Solar
18. E-Ton Solar
19. EMMVEE Solar
20. Shine Solar
21. Motech Solar
22. Solar Frontier
23. Hareon Solar
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Solar PV module market from utility will witness a significant growth due to increasing government initiatives including tax exemptions, tax credit, low import duty and various other financial assistance. In 2017, Vietnam Ministry of Industry & Trade announced FiT policy for net metering schemes for solar rooftop systems and utility scale power projects.
Technical and financial assistance provided by various international institutions including International Finance Corporation (IFC), Asian Development Bank and World Bank coupled with easy availability of loans and improved operational efficiency will fuel the PV module market from silicon segment. In 2017, DuPoint launched its Solamet photovoltaic metallization paste to achive the module efficiency of about 21.15%.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
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