Press release
Solar Photovoltaic (PV) Market Demand, Overview, Size, Trend, and Key Players Names: First Solar Inc, Jinko Solar Holding Company Ltd, Yingli Green Energy Holding Co. Ltd
Read more about Solar Photovoltaic (PV) Market here: https://www.globalinsightservices.com/reports/solar-photovoltaic-pv-market/
Solar photovoltaic (PV) is the conversion of sunlight into electricity. Solar PV has been used for over 50 years in a variety of applications, from small scale to utility-scale. Solar PV is a clean and renewable source of energy and has the potential to meet a large portion of the world's energy needs.
Solar PV works by converting the energy in sunlight into electricity. The PV effect was first discovered in 1839 by French physicist Alexandre-Edmond Becquerel. However, it was not until the early 1950s that solar PV cells were developed that were able to convert enough of the sun's energy into electricity to be practical for use in a wide variety of applications.
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Key Trends
The key trends in solar photovoltaic technology are the continued reduction in the cost of solar PV panels and the continued improvement in the efficiency of solar PV cells.
The cost of solar PV panels has fallen dramatically in recent years, making them much more affordable for consumers and businesses. The efficiency of solar PV cells has also increased, meaning that more of the sun's energy can be converted into electricity.
These trends are expected to continue in the future, making solar PV an increasingly attractive option for those looking to reduce their energy costs or generate their own electricity.
Key Drivers
The key drivers of the solar photovoltaic (PV) market are the declining cost of PV panels and the increasing availability of financing. The cost of PV panels has fallen by more than 90% since 2010, making them more affordable for consumers and businesses. The availability of financing has also increased, with more banks and investors willing to finance PV projects. These factors have led to a boom in the solar PV market, with installations increasing by more than 30% per year since 2010.
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Market Segments
By Technology
-Thin Film
-Crystalline
-Others
By Grid Type
-Grid Connected
-Off Grid
By End-Use
-Residential
-Commercial
-Utility Scale
Key Players
The Solar Photovoltaic (PV) Market report includes players such as Trina Solar Ltd, Canadian Solar Inc, JA Solar, First Solar Inc, Jinko Solar Holding Company Ltd, Yingli Green Energy Holding Co. Ltd, Renesola, Sun Power Corporation, Solar World AG, and Mitsubishi Electric.
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Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.
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