Solar Photovoltaic Market Revenue, Product Launches, Regional Share Analysis & Forecast Till To 2030
The global Solar Photovoltaic Market Size was USD 76.50 billion in 2020 and is expected to register a revenue CAGR of 19.9% during the forecast period. Rapid rise in adoption of solar power systems and solutions in countries across the globe owing to rising focus on renewable energy sources, growing support from energy investors and scientific establishments, acceleration in solar power solutions to replace conventional fossil fuels, and conversion of Solar Photovoltaic into usable electricity for grid and off-grid applications in a more efficient and economical manner are some key factors expected to drive global market revenue growth over the forecast period. In addition, increasing implementation of photovoltaic solar panels in developed countries, rising use of Solar Photovoltaic systems for residential rooftop power generation, and rising research activities to develop high-function solar cells more cost-effectively using nanotechnology are some other key factors expected to contribute significantly to revenue growth of the market going ahead..
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The power and energy industry is rapidly expanding in terms of revenue owing to constant demand for electricity across the globe. The global Solar Photovoltaic Market is expected to register robust revenue CAGR 19.9 between 2021 and 2030. There has been a rapid increase in the power consumption across various verticals such as manufacturing, agriculture, IT & communication, healthcare, commercial and residential buildings. In addition, rapid industrialization and urbanization, increasing awareness about green energy, rising adoption of smart homes and smart buildings and increasing investments in development sustainable products are fueling market growth.
Competitive Landscape:
- The report sheds light on details about every market player in the global Solar Photovoltaic Market along with its global status, product portfolio financial standing, business expansion plan and license agreement. The key players in the market are adopting various key strategies such as mergers and acquisitions, partnerships, joint ventures, collaborations and product launches to strengthen their market position and enhance their product base. Top companies operating in the global Solar Photovoltaic Market include
- Jinko Solar Co. Ltd.
- Canadian Solar Inc.,
- First Solar,
- GCL-Poly Energy Holdings Limited,
- SunPower Corporation,
- SolarEdge Technologies,
- Xinyi Solar Holdings Limited,
- Yingli Solar,
- SMA Solar Technology AG,
- Atlantica Sustainable etc
Key questions addressed in the global Solar Photovoltaic Market report:
- What is the expected market size of the global Solar Photovoltaic Market during the forecast period?
- What are the key restraints that are expected to hamper overall market growth between 2021 and 2030?
- What key factors are expected to boost global Solar Photovoltaic Market revenue growth throughout the forecast period?
- Which regional market is projected to account for largest revenue share over the forecast period?
- Which regional market revenue is expected to expand at rapid CAGR 19.9 during the forecast period?
- Which key players are operating in the global Solar Photovoltaic Market ?
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The report also offers details about each segment and major regions covered in the global Solar Photovoltaic Market
Global Solar Photovoltaic Market Segmentation:
Technology Outlook:
- Solar Photovoltaic
- Concentrated Solar Power (CSP)
Solar Outlook:
- Monocrystalline Solar Panels (Mono-SI)
- Polycrystalline Solar Panels (p-Si)
- Amorphous Silicon Solar Panels (A-SI)
- Concentrated PV Cell (CVP)
Application Outlook:
- Heating
- Lighting
- Charging
- Electricity Generation
Regional Outlook:
- North America
- U.S.
- Canada
- Mexico
- Europe
- Russia
- U.K.
- Germany
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- Israel
- Rest of MEA
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