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Why the Service Solar PV Market is set to explode? Top Companies: Jinko solar, Trina Solar, Canadian Solar, JA Solar, Hanwha q cells, GCL system integration, Longi solar, Shufeng, Kyocera, Yingli , RGS energy, Solar City, Soligent , Sun power, Sunnova,Sun

Why the Service Solar PV Market is set to explode? Top Companies:

The global solar PV market is expected to gain impetus from the rising demand for alternative sources of energy. According to a report by Fortune Business Insights, titled “Solar PV Market Size, Share and Global Trend by Installation Techniques (Flat Roof Solar, Pitched Roof Solar, Ground Mount Solar), by Solar Module (Monocrystalline, Polycrystalline, Thin Film), by Supply Methods (On-Grid, Off-Grid), by Application (Residential, Commercial, Industrial, Utilities) and Geography Forecast till 2026,” governments of numerous countries across the globe are focusing on a source of green energy. And, solar energy is a renewable source, is targeting several investors. This is anticipated to result in the growth of the global solar PV market.

For more information in the analysis of this report, visit

Top Players Overview:

• Jinko solar
• Trina Solar
• Canadian Solar
• JA Solar
• Hanwha q cells
• GCL system integration
• Longi solar
• Shufeng
• Kyocera
• Yingli
• RGS energy
• Solar City
• Soligent
• Sun power
• Sunnova
• Sunrun

Key Market Driver – Demand Shift towards clean energy.

Key Market Restraint – Installation cost and area required for installation.


1. By Installation Techniques
• Flat Roof Solar
• Pitched Roof Solar
• Ground Mount Solar
• Others
2. By Solar Module
• Monocrystalline
• Polycrystalline
• Thin Film
3. By Supply Methods
• On Grid
• Off Grid
4. By Application
• Residential
• Commercial
• Industrial
• Utilities
5. By Geography
• North America (USA and Canada)
• Europe (UK, Germany, France, Netherlands, Norway, Russia and Rest of Europe)
• Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
• Latin America (Chile, Brazil, Mexico, and Rest of Latin America)
• Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)

Request a Sample Copy of the Global Market Research Report

The report classifies global solar PV market on the bases of installation techniques, geography, solar module, application, and supply methods. In terms of installation techniques, the market is divided into ground mount solar, flat roof solar, pitched roof solar, and others. Out of these, the flat roof solar installation technique is used the most due to numerous benefits that they provide. In terms of solar module, the market is classified into thin film, monocrystalline, and polycrystalline. The most preferred solar module amongst these, is monocrystalline. This is because monocrystalline is long lasting and efficient.

Supply of Maximum Sunlight Enables Africa to Offer Lucrative Growth Prospects to Solar PV Market
Geographically, the global solar PV market is segmented into Asia Pacific, North America, Latin America, the Middle East and Africa, and Europe. Amongst these regions, China remains in the leading position as the region is the largest producer of photovoltaic energy and solar panels in Asia Pacific region as well as in the world. Germany is the largest producer of solar panels in Europe followed by United Kingdom, Spain, Italy, and others. In North America and South America, U.S.A and Chile top the list, respectively.

Moreover, in South America, countries namely, Brazil, Mexico, Uruguay, and Canada have also started producing solar energy at a rapid rate. South Africa is one of the most successful countries in producing solar energy in the African continent, followed by Reunion, Angola, Senegal, Egypt, and more. This is because Africa receives maximum sunlight than any other continent on the planet. The continent has realized this factor and hence, has started working on the production of solar energy to their fullest.

Strategic Investments of KfW Bankengruppe, Goldman Sachs, and Other Key Players to Boost Growth of the Market

KfW Bankengruppe, a prominent development bank based in Frankfurt, announced their plan to invest in the state of West Bengal in April 2019. This investment is expected to assist South Asia to get its biggest floating solar power plant. The power plant will have a capacity of 500MW and it is likely to attract an investment of 2500 crore. Mukutmanipur’s Kangsabati river is anticipated to be the location for this power plant. Goldman Sachs, an American multinational investment banking company, bought 233 Megawatts of commercial solar leases from SunPower, a solar energy company based in the U.S., in March 2019. The entire deal covered 200 projects spread over 9 states. SunPower deposited 233MW of commercial solar leases to Goldman for $89.6 million.
Furthermore, in March 2019, GAIL India, Ltd., a natural gas transmission company headquartered in New Delhi, signed a pact with Bharat Heavy Electrical Limited, an Indian engineering company, for the development of solar power plants. GAIL will be acting as procurement, engineering, project, and construction management contractor.

Contact Us:
Fortune Business Insights Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.

US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245

About Us
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.

US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245


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