openPR Logo
Press release

Solar Photovoltaic (PV) Panels Market Global Analysis by Technology, Size, Share, Current Scenario, Growth and Forecast 2023

10-29-2020 05:26 PM CET | Energy & Environment

Press release from: Allied Analytics LLP

Solar Photovoltaic (PV) Panels

Solar Photovoltaic (PV) Panels

Solar Photovoltaic (PV) Panels Market was valued at $118,704 million in 2016, and is projected to reach $307,204 million by 2023, growing at a CAGR of 15.0% from 2017 to 2023. The crystalline silicon solar photovoltaic segment accounted for maximum share of total market share in 2016.

Solar photovoltaics are electronic devices that convert sunlight directly into electricity. Solar cells are tightly packed behind a glass sheet to protect them from the environment. Photovoltaic cells are internally connected together to form a photovoltaic module. The number of cells that are interconnected are dependent on the type of application. The solar trackers are deployed efficiently on the solar panel to improve the efficiency of the solar cell. The efficiency is improved by approximately 20% in winters and 50% in summers by deployment of solar tracker.

Download Sample PDF @ https://www.alliedmarketresearch.com/request-sample/191

At present, the global solar photovoltaic panels market witnesse numerous opportunities, owing to rapid increase in development of renewable power in Asia-Pacific and LAMEA to cope up with the increase in electricity demand. In addition, the market is driven by domestic content laws and rise in photovoltaic panel installation projects owing to expiration of federal investment tax credit (ITC).

Moreover, in the developed economies such as the U.S., solar photovoltaic has proved to be an economic alternative at the time of peak power needs. In addition, the success of distributed solar and rapidly reducing cost has led some U.S. utilities to establish their own solar installations such as residential and community projects. However, high panel installation cost hinders the market growth. But the ongoing developments leads to improved technology and efficiency as the quantity of material being deployed in solar cells has reduced initial costs.

The most important factors that stimulate the growth of solar photovoltaic market on the whole are unpredictable fossil fuel prices, need for disassociation of dependence on fossil fuel imports from areas of political volatility, environmental concerns over the green house gas emissions associated with fossil fuel use, government incentives, other support programs making solar power more cost competitive, and shift in consumer preference.

The crystalline silicon solar photovoltaic segment accounted for the maximum share, in terms of volume, in 2016. Moreover, this segment witnesses strong demand in countries such as China and Japan owing to the strong development of the residential rooftop segment and increased demand for high-efficiency products. In addition, monocrystalline technology is expected to witness strong growth owing to technological advancements and greater solar efficiency. Crystalline silicon solar PV systems were the dominant technology in global solar panels market in 2013. Rise in Chinese manufacturers and technological advancements in the sector have been major factor for high crystalline silicon PV panel demand.

For Purchase Enquiry@ https://www.alliedmarketresearch.com/purchase-enquiry/191

Key Findings of the Solar Photovoltaic (PV) Panels Market:

o In terms of value, the mono-crystalline solar photovoltaic segment is anticipated to exhibit the highest growth rate of 15.9% during the analysis period.
o Asia-Pacific is anticipated to lead the market in 2023, and is projected to grow with a CAGR of 19.5%, in terms of value.
o The utility scale type segment occupied nearly half of the total market in 2016.
o Brazil occupied nearly half of the total LAMEA solar photovoltaic panels market in 2016.
o In terms of value, Japan is expected to grow at a CAGR of 19.1% from 2017 to 2023.

In 2016, Europe accounted for nearly half of the total solar photovoltaic panels market, and is expected to continue this trend, owing to rapid solar photovoltaic installations, specifically in China, India, Japan, and the other developing countries.

Get detailed COVID-19 impact analysis on the Solar Photovoltaic (PV) Panels Market @ https://www.alliedmarketresearch.com/request-for-customization/191?reqfor=covid

The major companies profiled in the report include Suntech Power Holding Co. Ltd., Sun Power Corporation, First Solar Inc., Yingli Green Energy Holding Co. Ltd., Canadian Solar Inc., Schott Solar Ag., Sharp Corporation, Solar World Ag, Jinko Solar Holding Company Ltd. Corporation, and Trina Solar Ltd.

Solar Photovoltaic (PV) Panels Market Key Segmentation:
By Technology
• Thin Film
• Crystalline Silicon
By Grid Type
• Grid Connected
• Off-Grid
By End Use
• Residential
• Commercial
• Utility-Scale
By Geography
• North America
• Europe
• Asia-Pacific
• LAMEA

Contact us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Follow us on: https://www.linkedin.com/company/allied-market-research

About us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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 Solar Photovoltaic (PV) Panels Market Global Analysis by Technology, Size, Share, Current Scenario, Growth and Forecast 2023 here

News-ID: 2176378 • Views: 188

More Releases from Allied Analytics LLP

Firefighting Drones Market 2027 Global Analysis, Size, Business Growth, Trends a …
According to a new report published by Allied Market Research, titled, "Firefighting Drone Market by Product Type (Carbon Steel, Diamond Edged, Multi Hole Saws, Specialty Hole Saws, and Others), by End-user Industry (Commercial and Domestic), and by Application (Wet Drilling and Dry Drilling) - Global Opportunity Analysis and Industry Forecast, 2020-2027." The report has offered an all-inclusive analysis of the global firefighting drone Market taking into consideration all the crucial
Traction Motor Market Organization, Deployment Type, Vertical and Region – Glo …
Allied Market Research published a report titled, "Traction Motor Market by Application (Railways, Electric Vehicle and Industrial Vehicles), Type (DC Traction Motor, AC Traction Motor and Synchronous Motor) and Power Rating (Less than 200 kW, 200-400 kW and More than 400 kW): Global Opportunity Analysis and Industry Forecast, 2020–2027."According to the report, the global traction motor industry was estimated at $10.78 billion in 2019, and is expected to hit $30.06
Ceramic Injection Molding Market Strategic Insights and key Business Influencing …
Global ceramic injection molding market size was $375.0 million in 2018 and is projected to reach $746.2 million in 2026, growing at a CAGR of 8.8%. The alumina segment accounted for over two-fifths of the market share in 2018 and is expected to witness significant growth during the global ceramic injection molding market forecast period. Rapid production & bulk production advantage, high demand for injection-molded ceramic products, low labor cost and
Smart Bathrooms Market Trends and Future Growth Projections by 2023 | Delta Fauc …
Global smart bathrooms market is expected to reach $2.52 billion by 2023, registering a CAGR of 10.7% during the forecast period. Increase in investments to build smart homes, surge in development of non-residential infrastructure, and rise in awareness for energy & water conservation and hygiene have boosted the growth of the global smart bathroom market. Moreover, trend of lavish and state-of-the-art home products owing to surge in consumer disposable income

All 5 Releases


More Releases for Solar

Solar Simulator Market Distribution Channel 2019: Spire Solar, Solar Energy Inte …
Solar Simulator Market report aims to examine the developments of market including its market improvements, developments, positions and others. This report on the Solar Simulator market offers explanatory knowledge on the market parts like dominating players, drivers and restraints, production, revenue, consumption, import and export, and the most effective development within the organization size, deployment type, inside, segmentation comprised throughout this analysis, also major the players have used various strategies such
Solar PV Module Market 2018-2025 : Canadian Solar, First Solar, Jinko Solar, Sha …
Researchmoz added Most up-to-date research on "2018-2025 Solar PV Module Report on Global and United States Market,Status and Forecast,by Players,Types and Applications" to its huge collection of research reports. Summary This report studies the Solar PV Module market status and outlook of global and United States, from angles of players, regions, product types and end industries; this report analyzes the top players in global and United States market, and splits the Solar
Global Solar Photovoltaic Installations Market 2017: Key Players – BENQ Solar, …
Summary WiseGuyReports.com adds “Solar Photovoltaic Installations Market 2017 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting to 2022” reports to its database. This report provides in depth study of “Solar Photovoltaic Installations market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Solar Photovoltaic Installations  Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an
Global Solar Cell (Photovoltaic) Equipment Market 2017 : Trina Solar, Canadian S …
Market Research Explore : The report 2017 Global Solar Cell (Photovoltaic) Equipment Market mainly highlights thoughtful facts and intelligence of Solar Cell (Photovoltaic) Equipment market in conjunction with prevailing and future market trends throughout the forecast period from 2017 to 2022. It additionally executes the great study of price, current geographical zones, technology, demand-supply and therefore the consequences it might wear the market growth of Solar Cell (Photovoltaic) Equipment trade. Do
Solar Panel Market 2017 - Hanwha, First Solar, SunPower, Elkem Solar, Sharp, Kyo …
The Global Solar Panel Market 2017 Industry Research Report focused on global and regional market, major manufacturers, as well as the current state of the Solar Panel industry. First, "Global Solar Panel Industry 2017" report analyzed the basic scope of this industry like definition, specification, classification, application, industry policy, news analysis and Solar Panel industry chain structure. Major Companies Covered in this report:- Hanwha First Solar SunPower Elkem Solar Sharp Kyocera Solar Solar Frontier Solarworld NSP Trina Solar Canadian Solar Jinko Solar JA Solar GCL
Global Solar Cells and Modules Market 2016 - Hanwha, First Solar, SunPower, Elke …
This report mainly covers the following Segment regions including (the separated region report can also be offered) North America Europe Japan China Southeast Asia India Request for sample report at http://www.fiormarkets.com/report-detail/2073/request-sample The players list (Partly, Players you are interested in can also be added) Hanwha First Solar SunPower Elkem Solar Sharp Kyocera Solar Solar Frontier Solarworld NSP Trina Solar Canadian Solar Jinko Solar JA Solar GCL System Integration Yingli Shunfeng ReneSola Risen Chint Group Hareonsolar Eging PV CSUN BYD HT-SAAE With 24 top producers. Data including (both global and regions): Market Size (both volume - K Units and value - million USD), Market Share, Production