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Solar Photovoltaic (PV) Installation Market| Key Players - First Solar Inc., Sharp Corporation, Trina Solar Ltd., Schott Solar Ag., Sun Power Corporation, and Yingli Green Energy Holding Co. Ltd

07-12-2019 09:43 AM CET | Energy & Environment

Press release from: MRRSE

Solar Photovoltaic (PV) Installation Market

Solar Photovoltaic (PV) Installation Market

In order to study the various trends and patterns prevailing in the overall market for Solar Photovoltaic (PV) Installation, Market Research Reports Search Engine (MRRSE) has included a new report titled “Solar Photovoltaic (PV) Installation” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. Readers can access the regional as well as segment-wise analysis for acquiring precise information about the global market structure.

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Global solar photovoltaic installation market will grow at a CAGR of 10.7% between 2012 and 2018. TMR, a market intelligence company based in the United States reports, the global solar photovoltaic (PV) installation market will be valued at US$145.9 billion by 2018. The report titled ‘Solar Photovoltaic Installation Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018’ is available for sale on the website.

According to this market research report, the global solar photovoltaic installation market is driven by the ever-increasing demand for electricity all across the globe. Since solar energy is abundantly available in certain parts of the world, several market players are shifting their focus towards solar photovoltaic installations to meet the growing energy demands. Also, the global solar photovoltaic installation market is propelled by growing awareness about environmental sustainability and the benefits of resorting to non-conventional (renewable) energy sources. The other factors that drive this market are greater output efficiency, cheaper installation costs and maintenance, falling prices, and favorable government schemes and regulations.

This market research study segments the global solar photovoltaic installation market on the basis of technology, grid type, end users, and geography. The technologies that are applied in the global solar photovoltaic installation market are crystalline silicon solar photovoltaic, thin film photovoltaic, and others which are CPV and organic photovoltaic. Based on grid types, the solar photovoltaic installation market is segmented into off-grid solar photovoltaic and grid connected solar photovoltaic. On the basis of end-use, this market is classified into utility scale solar photovoltaic, residential solar photovoltaic, and commercial solar photovoltaic. The application of solar photovoltaic systems in the residential segment and in commercial buildings has increased substantially in recent years. These are by far the best suited for institutional and commercial applications such as in offices, hotels, and hospitals.

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Accounting for more than 75.7% of the global solar photovoltaic installation, the Europe, Middle East and Africa (EMEA) region dominated the market in 2011. This was followed by Asia-Pacific in terms of solar photovoltaic installation capacity. This is mainly due to increasing popularity and dependence on solar power in emerging countries such as China and India. Most of the demand for solar photovoltaic installation systems comes from commercial, utility-scale, and residential sectors. This paradigm shift from nonrenewable to renewable energy sources, support from the government, and reduced prices are projected to propel the Asia-Pacific market for solar photovoltaic installation in the forecast period. Among the major end uses, the residential sector accounted for 30.22% of the total demand for solar photovoltaic installation and is expected to be the fastest-growing segment, accounting for 33.36% of the demand by 2018. In terms of technology, crystalline silicon solar photovoltaic installation held the largest market share with 80.81% in 2011, while in terms of grid type, grid-connected solar photovoltaic installation was the largest segment in 2011 with 98.03% of the total installed capacity.

Companies mentioned in the research report

There are numerous players in the global solar photovoltaic installation market that cater to the wide-range of requirements of the customers. Some of the companies mentioned in the solar photovoltaic installation market report are First Solar Inc., Sharp Corporation, Trina Solar Ltd., Schott Solar Ag., Sun Power Corporation, and Yingli Green Energy Holding Co. Ltd.

Major geographies analyzed under this research report are:

EMEA
North America
Asia-Pacific
Rest of the World

This report gives you access to decisive data such as:

Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for the coming years

Key highlights of this report

Overview of key market forces propelling and restraining market growth
Up-to-date analyses of market trends and technological improvements in the micro servers industry
Pin-point analyses of market competition dynamics to offer you a competitive edge
An analysis of strategies of major competitors
An array of graphics and SWOT analysis of major industry segments
Detailed analyses of industry trends
A well-defined technological growth map with an impact-analysis
Offers a clear understanding of the competitive landscape and key product segments

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About MRRSE

Market Research Reports Search Engine (MRRSE) is an industry-leading database of Market Research Reports. MRRSE is driven by a stellar team of research experts and advisors trained to offer objective advice. Our sophisticated search algorithm returns results based on the report title, geographical region, publisher, or other keywords.

MRRSE partners exclusively with leading global publishers to provide clients single-point access to top-of-the-line market research. MRRSE’s repository is updated every day to keep its clients ahead of the next new trend in market research, be it competitive intelligence, product or service trends or strategic consulting.

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