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Solar Photovoltaic Module Market Trends Revenue to 2024 and Top Companies: Canadian Solar, Trina, JA Solar, Jinko, Yingli, First Solar, SFCE, Hanwha Q-Cell, SunPower, ReneSola, Lanco, Vikram Solar, Su Kam, Moser Baer, GCL, Hareon, Motech

10-12-2018 08:39 AM CET | Energy & Environment

Press release from: Global Market Insights, Inc.

Solar PV Module Market

Solar PV Module Market

Solar Photovoltaic 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.

Solar photovoltaic module market from On-grid will witness a substantial growth owing to various government initiatives including tax benefits, power purchase agreements, subsides and net metering coupled with growing measures towards rural electrification will stimulate the industry landscape. In 2017, MNRE exempted the procurement of materials and components for grid connectivity from excise and customs.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/1563

Financial and technical assistance by institutions including the World Bank, Asian Development Bank (ADB) and International Finance Corporation (IFC) along with easy availability of soft loans will propel the crystalline silicon solar photovoltaic module market. Rising environmental concerns with improved operational efficiencies will further boost the business landscape. In 2017, DuPont Photovoltaic Solutions launched its latest DuPont Solamet photovoltaic metallization paste with an aim to achieve module efficiency of about 21.15%.

Solar photovoltaic 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.

Government initiatives such as net metering, subsidies, tax benefits, power purchase agreement coupled with growing measures toward rural electrification will stimulate the on-grid solar PV module market. In 2017, Ministry of New and Renewable Energy in India, exempted the procurement of PV components and materials for grid connected systems from customs and excise duty.

Global Solar Photovoltaic Module Market for 2016 was valued over USD 20 billion and is set to cross USD 30 billion by 2024.

Growth Drivers;

3.10.1.1. Favorable government initiatives

3.10.1.2. Rising clean energy demand

3.10.1.3. Cost competitive

3.10.1.4. Declining prices of solar component

Make an inquiry for buying this report @ https://www.gminsights.com/inquiry-before-buying/1563

UK solar PV module market is set to expand owing to government initiatives towards sustainable energy integration. The export tariff introduced by the UK government facilitates USD 0.06 per unit for the surplus electricity injected back to the grid by the generator. Favorable government reforms with ambitious plan towards carbon footprint reduction will further boost the business outlook.

Solar photovoltaic 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.

Notable participants in the industry include Trina, Canadian Solar, Jinko, JA Solar, First Solar, Yingli, Hanwha Q-Cell, SFCE, ReneSola, SunPower, Vikram Solar, Lanco, Su Kam, GCL, Moser Baer, Shine Solar, Motech Solar, Hareon and others.

Browse key solar photovoltaic module market insights spread across 400 pages with 838 market data tables & 12 figures & charts from the report, Solar PV Module Market in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/solar-pv-module-market

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.

Contact Us

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: www.gminsights.com

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