0

Global Solar PV Systems Market 2017-2021

  • Published: Jul 2017
  • Pages: 83
  • SKU: IRTNTR14349
Technavio

Enjoy complimentary customisation on priority with our Enterprise License!

Get me the latest version! (includes COVID-19 impact)
Safe and Secure SSL Encrypted

info
close
  • Single:

    One user only.
    Quick & easy download option

  • Enterprise:

    Unlimited user access (Within your organization)
    Complimentary Customization Included

2500 USD

This industry research report identifies Huawei Technologies, JinkoSolar, SMA Solar Technology, SUNGROW, and Trina Solar as the key vendors in the global solar PV systems market. This industry research report also presents a competitive analysis of the market by end-user (utility, C&I, and residential) and by geography (the Americas, APAC, and EMEA).

Overview of the global solar PV systems market 

Market research analysts at Technavio predict that the global solar PV systems market size will grow steadily at a CAGR of close to 21% by 2021. This market research analysis identifies the increase in the need for rural electrification as one of the primary growth factors for this market. Many companies have expressed their interest in promoting rural electrification in developing countries. For instance, in April 2016, ABB, an MNC in automation and power technologies, signed a memorandum with the Indian Institute of Technology in Chennai to build microgrids and R&D centers for rural electrification in the state of Tamil Nadu, India. With the rising need for electrification in the rural areas across the globe, such investments will significantly drive the demand for solar PV systems in the next few years. 

The emergence of microgrid and green telecom is one of the latest solar PV systems market trends that will gain traction market in the coming years. The increasing rural penetration of mobile technology has necessitated the installation of telecom towers in remote and rural areas. This will lead to the development of microgrids to power the remotely located telecom towers, which are not connected to the grid. To reduce operational costs by eliminating the need to transport diesel to remote locations, these microgrids will run on solar power or solar hybrid systems, which will, in turn, augment the solar PV systems market share.


What's your takeaway?

Technavio's industry research report titled - Global Solar PV Systems Market will help you-

  • Identify latent opportunities and explorative solutions in the solar PV systems market
  • Identify your key competition, and what's making them tick?
  • Help you build a comprehensive marketing plan, all permutations and combinations inclusive

Next step: Download FREE sample report | Talk to us


Competitive landscape and key vendors

The solar PV systems market is highly diverse and has several international and domestic players. The market is marked with high capital investments and continuous innovations to improve the efficiency of solar PV cells. Intense competition, frequent changes in government policies, continuous development in technology, and environmental regulations are the key factors that challenge the growth of the players in this marketspace.

The leading vendors in the market are -

  • Huawei Technologies
  • JinkoSolar
  • SMA Solar Technology
  • SUNGROW
  • Trina Solar

The other prominent vendors in the market include ABB, Canadian Solar, Chint Group, DAQO NEW ENERGY, Delta Group, Enphase Energy, First Solar, Flin Energy, Fronius International, GCL-Poly, Golden Concord Holdings, GoodWe (Jiangsu) Power Supply Technology, Growatt New Energy Technology, Hanwha Group, JA SOLAR, KACO new energy, Kstar New Energy, KYOCERA, Lavancha Renewable Energy, Luminous India, MICROTEK INTERNATIONAL, OMRON, Power Electronics, Pure Volt, Redback Technologies, Renesola, Risen Energy, Schneider Electric, SHANGHAI SUNVIS NEW ENERGY, Sharp Corporation, Shunfeng International Clean Energy, Sineng Electric, SolarEdge Technologies, SolaX Power, Su-Kam Power Systems, SunPower, TABUCHI ELECTRIC, Talesun, TMEIC, Vikram Solar, Voltronic Power Technology, Waaree Energies, and Yingli Solar.

Segmentation by end-user and analysis of the solar PV systems market

  • Utility
  • C&I
  • Residential

It has been observed that most of the installed solar power capacity is in the utility segment. The growth in global population that is increasing the need for electricity is driving the demand for solar PV systems from the utility segment. According to this market research and analysis, the utility segment was the major end-user to the solar PV systems market during 2016.

Geographical segmentation and analysis of the solar PV systems market

  • Americas
  • APAC
  • EMEA

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the market by 2021. The rising focus of the governments of various countries in this region towards the implementation of microgrid solutions to improve access to electricity in their countries will be a major factor propelling the growth of the solar PV systems market in this region.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2021?
  • What are the key factors driving the global solar PV systems market?
  • What are the key market trends impacting the growth of the global solar PV systems market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global solar PV systems market?
  • What are the market opportunities and threats faced by the vendors in the global solar PV systems market?
  • What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
  • What are the key outcomes of the five forces analysis of the global solar PV systems market?

Technavio also offers customization on reports based on specific client requirement.

 

A power system which supplies usable solar power through photovoltaics is known as a solar PV. This industry research report on the global solar PV systems market by Technavio is an integral part of the energy portfolio and offers insights into the major trends and evolving drivers inducing the growth of the power industry. Our market reports also follow a thorough procedure of data collection methodology and present an analysis of fast growing market subdivisions.

Our market research analysis includes primary and secondary research techniques like vendor briefings, telephone and online surveys, webinars, and podcasts, and industry journals and publications to help clients develop active growth strategies and keep pace with the frequently changing market landscape. The market research experts at Technavio also take into account the market forecast, market size, and increasing demand for various power products and services to offer an all-inclusive picture of the global solar PV systems market for the estimated period of 2017-2021.Global Solar PV Systems Market Size

According to our market research experts, increasing renewable investments?and increasing microgrid deployment may influence the demand for solar PV in the coming years. This upcoming market research report on the global solar PV systems market also covers vendors like Trina Solar, Canadian Solar, and Jinko Solar. Moreover, to offer clients the scope to identify potential market opportunities and expand in niche markets, this report on the global solar PV systems market also covers geographies like the Americas, APAC, and EMEA.

The upcoming industry research report on the global solar PV systems market also categorizes the key drivers, major trends, as well as the constraints that the power sector currently experiences. It also presents insights into the rapidly changing competitive scenario to give clients a realistic picture of the upcoming events within the energy industry. Technavio also provides insights into the sectors such as oil and gas and energy storage.

Our market research methodology for the solar PV systems market

Global Solar PV Systems Market Market segmentation by region

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction

  • Market outline

PART 05: Market landscape

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 06: Market segmentation by end-user

  • Global solar PV systems market by end-user
  • Global solar PV systems market by utility segment
  • Global solar PV systems market by C&I segment
  • Global solar PV systems market by residential segment

PART 07: Geographical segmentation

  • Solar PV systems market by geography
  • Solar PV systems market in APAC
  • Solar PV systems market in EMEA
  • Solar PV systems market in Americas

PART 08: Decision framework

PART 09: Drivers and challenges

  • Market drivers
  • Market challenges

PART 10: Market trends

  • Floating solar PV plant
  • Rise in investments in renewable energy
  • Emergence of microgrid and green telecom

PART 11: Vendor landscape

  • Competitive scenario
  • Other prominent vendors

PART 12: Key vendor analysis

  • Huawei Technologies
  • JinkoSolar
  • SMA Solar Technology
  • SUNGROW
  • Trina Solar

PART 13: Appendix

  • List of abbreviations 

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
Technavio

TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
Technavio

TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
Interested in this report?
Get your sample now!
  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?
  • Off-the-shelf research reports
  • Reports can be tailored to meet the customer's needs
  • Trusted by more than 100 fortune 500 organizations
  • Information about the market's key drivers, trends, and challenges
  • Parent market analysis
  • Every week, 50,000 people visit our subscription platform
  • Detailed vendors report with competitive landscape
  • Covid-19 impact and recovery analysis
  • Data on revenue-generating market segments
  • Details on the market shares of various regions
  • Five-force market analysis

Certified ISO 9001 : 2015

We are ISO recognized

We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.

We are GDPR and CCPA compliant

We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.

Safe and Secure SSL Encrypted
Technavio

info
close
  • Single:

    One user only.
    Quick & easy download option

  • Enterprise:

    Unlimited user access (Within your organization)
    Complimentary Customization Included

2500 USD

Technavio Get the report (PDF) sent to your email within minutes.

Subscribe & Save

Get lifetime access to our
Technavio Insights

Customized Report as per your Business Needs

  • Our analysts will work directly with you and understand your needs
  • Get data on specified regions or segments, competitor and Vendors
  • Data will be formatted and presented as per your requirements
  • We offer $1000 worth of FREE customization at the time of purchase

Let us help you make report more suited to your requirements.

  • Get a competitive breakdown as per your niche industry
  • Customize the data with various metrics that meet your business prerequisite
  • Understand Revenue Sources, Customers and many more
  • Details on Market Share
  • These customizations are done in a short amount of time by our analysts and industry experts
Technavio
Enquire Before Buying
17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>