openPR Logo
Press release

Photovoltaic Market Projected to Reach $333,725.1 million by 2026 - Abengoa, Acciona, Canadian Solar, First Solar

11-28-2019 12:37 PM CET | Energy & Environment

Press release from: Premium Market Insights

Photovoltaic Market

Photovoltaic Market

photovoltaic market was valued at $53,916.0 million in 2018 and is projected to reach $333,725.1 million by 2026, growing at a CAGR of 25.1% from 2019 to 2026.

Photovoltaic energy is the energy produced by the sun's radiation, which is transformed into electricity in photovoltaic cells. The electricity is then fed into the electricity network for can then be used in electrical equipment. Photovoltaic energy technology is widely used in rooftop solar installations to provide stored energy for residential buildings at a low cost. In addition, on a commercial scale, photovoltaic technology is used in solar lamps, parking meters, emergency telephones, trash compactors, temporary traffic signs, charging stations and remote guard posts & signals. Moreover, it is used in solar buses and cars to provide electricity to run the vehicle motor. Furthermore, in the agricultural sector, photovoltaic technology is widely in solar drying to dry crops faster. It is further used in photovoltaic panels, which generate electricity to run water pumps and serves as an economical option as compared to new electric lines to provide power to remote locations. Moreover, photovoltaic technology is used in aerospace & defense sector for manufacturing of solar panels to be used in satellite to generate electricity for smooth working of satellite in space. In addition, in telecommunication industry, it is widely used in PV modules consisting of silicon solar cells connected in series or parallel that provide the required charging current for batteries, thus enabling maintenance-free operation and reduced storage costs for the entire system.

Get Sample PDF For More Professional And Technical Insights at:
https://www.premiummarketinsights.com/sample/AMR00021355

The growth of the global photovoltaic market is majorly driven by increase in energy demand due to rising population, In addition, surge in need for sustainable energy resources has been witnessed across the globe, coupled with favorable government regulations. These regulations focus on the reduced dependency on fossil fuels and help in controlling environmental pollution. This in turn is favoring the demand for renewable energy sources such as solar energy and is the key factor that fuels the demand for photovoltaic energy. In addition, reduction of carbon footprint and upsurge in need for low-cost energy generation are expected to propel the growth of the photovoltaic market.

However, factors such as high cost of installation, storage and power conversion devices and low efficiency of PV module are expected to hinder the growth of this market. On the contrary, decrease in cost of solar systems and energy storage devices is expected to offer lucrative opportunity for market growth. In addition, increase in prices of fossil fuels is anticipated to provide remunerative opportunities for market expansion, as rise in prices of fossil fuels, such as coal, will boost the cost of electricity generation, which in turn will result in increase in usage of photovoltaic energy.

The global photovoltaic market is segmented based on technology, system, application and region. Depending on technology, the market is classified into thin film (cadmium telluride, copper indium gallium diselenide and amorphous thin-film silicon), mono-Si and multi-Si. The systems covered in the study include high concentrated PV (HCPV) and low concentrated PV (LCPV). On the basis of application, the market is classified into industrial, residential and commercial. Region wise, it is analyzed across North America (U.S., Canada and Mexico), Europe (Germany, France, Italy, Spain, UK and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Thailand, Australia and rest of Asia-Pacific) and LAMEA (Chile, South Africa, Turkey and rest of LAMEA).

The major key players operating in the photovoltaic industry include Abengoa, Acciona, Canadian Solar, First Solar, JA Solar Co., Ltd., Renesola, Sharp Corporation, Tata Power Solar Systems Ltd., Trina Solar and Wuxi Suntech Power Co., Ltd.

KEY BENEFITS FOR STAKEHOLDERS
- Porter's five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
- It outlines the current trends and future scenario of the market from 2019 to 2026 to understand the prevailing opportunities and potential investment pockets.
- Major countries in the region have been mapped according to their individual revenue contribution to the regional market.
- The key drivers, restraints and opportunities and their detailed impact analysis are elucidated in the study.
- The profiles of key players along with their key strategic developments are enlisted in the report.

Purchase Complete Report at: https://www.premiummarketinsights.com/buy/AMR00021355

Name: Sameer Joshi
Email: sales@premiummarketinsights.com
Organization: Premium Market Insights
Phone: +1-646-491-9876

Premium Market Insights is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost effective research reports and solutions from various publishers. We provide best in class customer service and our customer support team is always available to help you on your research queries. Our commitment to customer service is best exemplified by free analyst support that we offer to our clients which sets us apart from any other provider.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Photovoltaic Market Projected to Reach $333,725.1 million by 2026 - Abengoa, Acciona, Canadian Solar, First Solar here

News-ID: 1873672 • Views: 355

More Releases from Premium Market Insights

Mounting Demand for Cloud Migration Services market 2020 lucrative growth focuse …
Cloud migration further helps teams to maintain complete access to programs and files wherever they are located and provide business continuity. Furthermore, it enable employees to maintain flexibility in their work locations. Moreover, need for lower capital expenses (CapEx) and operational expenses (OpEx) is one of the major drivers of the market. For instance, if users want to lower CapEx and reduce operational difficulties, they will probably opt for public
Digital Banking Platform Market to Witness Astonishing Growth during Forecast 20 …
Digital banking platform enables banks to offer a digitized banking solution to their customers with all traditional banking activities such as online banking, mobile banking and others. In addition, it provides various banking functionalities such as money deposits, withdrawals transfers, savings account management, application for financial products, loan management, bill payments, and other account services. Premium Market insights much awaited study on Digital Banking Platform market was recently released. It
Explosive growth report on Load Balancer market Grow Significantly By 2020-2027 …
A load balancer is a device that distributes network or application traffic across a cluster of servers. Its key role is to balance load, which manages the flow of information or traffic between the server and an endpoint device. Premium Market insights much awaited study on Load Balancer market was recently released. It uses exploratory techniques like qualitative and quantitative analysis to uncover and present data on the target
Sexual Wellness market emerging trends Deliver Prominent Growth & Striking Oppor …
The sexual wellness market size was valued at $74,770.0 million in 2019, and is estimated to reach $108,320.0 million by 2027, registering a CAGR of 4.62% from 2021 to 2027. Sexual wellness is a state of physical, mental, and social well-being in relation to sexuality. The main purpose of sexual wellness products is to provide safe sex and help enhance sexual pleasure. It also includes planning of pregnancy and prevention of

All 5 Releases


More Releases for Photovoltaic

Global Solar Photovoltaic Backsheet Development Overview 2019
The report represents the statistical data in the form of tables, charts, and info-graphics to assess the market, its growth and development, and market trends of the global Solar Photovoltaic Backsheet market during the projected period.  QY Research has used a framework of primary and secondary research to make this report a full-proof one. Request Sample Report and Full Report TOC: :   https://www.qyresearch.com/sample-form/form/1014583/global-solar-photovoltaic-backsheet-development-overview The following manufacturers are covered: Coveme DUNMORE Isovoltaic Toppan KREMPEL GmbH Toray Taiflex Toyal 3M SFC Madico Suzhou Sunshine New Materials Technology Shanghai
Free Photovoltaic Module Datasheet Game
Play a fun Quartett or Slot Game and win a Photovoltaic Module. Compare the different Datasheets and when you have three Modules of the same Specification the Sign In Form will be displayed. Sign in for the chance to win a modern Module from Sunpower, FirstSolar, REC, Jinko, Trina, Off-Grid or Longi. http://www.pv4.eu/photovoltaic-module-game-slot-quartett-win-solar-modules-sunpower-longi-trina-jinko-rec-first-solar_1643.html Juego en español http://www.fotovoltaica-solar.es/juego-fotovoltaico-win-modulo-solar_75.html Jeu en français http://www.photovoltaique-solair-echange.fr/gratuit-photovoltaique-boniment-gagner-module-solaire_89.html Photovoltaic Think Tank Non Profit Photovoltaic News Free PV Project Exchange PV4.eu Thomas Karl Reis Am Steinfeld 6 2511 Pfaffstätten PV4.eu Thomas Karl Reis Am
United States Photovoltaic Glass Market Report 2017
MarketResearchReports.Biz presents this most up-to-date research on "United States Photovoltaic Glass Market Report 2017 " Description In this report, the United States Photovoltaic Glass market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report splits the United States market into seven regions: The West Southwest The Middle Atlantic New England The South The Midwest with
Global Concentrated Photovoltaic (CPV) Sales Market Size, Industry Analysis, For …
This report studies sales (consumption) of Concentrated Photovoltaic (CPV) in Global market, especially in United States, China, Europe and Japan, focuses on top players in these regions/countries, with sales, price, revenue and market share for each player in these regions, covering Amonix Isofoton S.A. Magpower Ravano Green Powers Semprius Inc. Soitec Solar Junction Solarsystem Suncore Photovoltaic Technology Co. Ltd. Sunpower Corporation Zytech Solar Market Segment by Regions, this report splits Global into several key Regions, with sales (consumption), revenue, market share and
Future of Building Integrated Photovoltaic (BIPV) Market
Summary: Big Market Research added new research report on “Building Integrated Photovoltaic (BIPV) Market” includes Market Size, Share, Trends, Growth, Demand, Supply, Application, Segmentation, Opportunity, Market Development, production, capacity utilization, supply, Analysis and Forecast Browse Detailed TOC, Tables, Figures, Charts and Companies Mentioned in Radio Frequency (RF) Test Equipment Research Report @ http://www.bigmarketresearch.com/united-states-building-integrated-photovoltaic-bipv-by-manufacturers-type-and-application-forecast-to-2021-market About Building Integrated Photovoltaic (BIPV) Market: The global market for building integrated photovoltaics has been analyzed on four fronts in
China Photovoltaic Systems Industry Report 2016
The recently published report titled China Photovoltaic Systems Industry 2016 Market Research Report is an in depth study providing complete analysis of the industry for the period 2016 – 2021. It provides complete overview of China Photovoltaic Systems market considering all the major industry trends, market dynamics and competitive scenario. The China Photovoltaic Systems Industry Report 2016 is an in depth study analyzing the current state of the China Photovoltaic Systems