0

Grid Connected PV Systems Market by End-user and Geography - Forecast and Analysis 2022-2026

  • Published: Apr 2022
  • Pages: 142
  • SKU: IRTNTR73143
Technavio

Purchase this report now and if we publish a new version within 90 days, we will send you a free copy.

Safe and Secure SSL Encrypted
  • 2500.00
  • USD

The grid-connected PV systems market share is expected to increase by USD 158.08 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 12.58%. This grid-connected PV systems market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The grid-connected PV systems market report also offers information on several market vendors, including ABB Ltd., Canadian Solar Inc., Delta Electronics Inc., First Solar Inc., Flin Technologies PVt. Ltd., Hanwha Corp., Huawei Investment and Holding Co. Ltd., JA Solar Technology Co. Ltd., JinkoSolar Holding Co. Ltd., KACO new energy, Kyocera Corp., LG Electronics Inc., Luminous Power Technologies PVt. Ltd., Lumos Global BV, Panasonic Corp., Renesola Ltd., Shenzhen Kstar Science and Technology Co. Ltd., SMA Solar Technology AG, SolarEdge Technologies Inc., and Trina Solar Co. Ltd. among others. Furthermore, this report extensively covers grid-connected PV systems market segmentation by end-user (non-residential and residential) and geography (APAC, North America, Europe, South America, and Middle East and Africa)

What will the Grid-Connected PV Systems Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Grid-Connected PV Systems Market Size for the Forecast Period and Other Important Statistics

 

Grid-Connected PV Systems Market: Key Drivers, Trends, and Challenges

The advantages associated with grid-connected PV systems is notably driving the grid-connected PV systems market growth, although factors such as intermittency in solar power generation may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the grid-connected PV systems industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Grid-Connected PV Systems Market Driver

The advantages associated with grid-connected PV systems is one of the key drivers supporting the grid-connected PV systems market growth. Solar PV systems are a good source of energy, mostly for the residential and commercial sectors. Utility-scale power plants have also incorporated renewable sources such as solar PV to generate electricity. This helps reduce the consumption of fossil fuels in power plants and reduce costs. Solar PV that is generated during the day and stored in energy storage devices can be used during the night or during emergency situations such as blackouts. This reduces the load on power plants. Moreover, it is a cost-effective and clean method of increasing the capacity of electricity generation to meet the rising demand. Such advantages make grid-connected solar PV systems preferable and will increase their demand during the forecast period.

Key Grid-Connected PV Systems Market Trend

The increasing adoption of microgrids is one of the key grid-connected PV systems market trends that is contributing to the market growth. Microgrids are more reliable as they are unaffected by power outages in the main grid. Also, they reduce the cost of extending the grid to remote locations. They can generate power from renewable sources such as solar PV and wind power. Many natural disasters have proved the fragility of centralized grid structures. Governments across the world are supporting the adoption of microgrids due to their strong endurance capability during natural calamities. For instance, in November 2019, Tata Power announced its plan to set up 10,000 renewable microgrids by 2026, which is nearly double the microgrid project existing around the globe. These microgrid projects will increase the use of solar PV that offers clean, reliable, and affordable electricity in the forecast period.

Key Grid-Connected PV Systems Market Challenge

Intermittency in solar power generation is one of the factors hindering the grid-connected PV systems market growth. The maintenance cost of solar panels requires additional expenditure for small-scale users, which restricts the use of solar PV installation for residential applications. For instance, solar panels need to be inspected within a span of one year, with a household inspection costing around $0.023-$0.03 $/Watt/year. This will result in a huge burden on household users, thus restricting the use of solar panels and solar cover glass for residential purposes. Therefore, the high initial investment and maintenance costs will hinder the growth of the global grid-connected PV systems market during the forecast period.

This grid-connected PV systems market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global grid-connected PV systems market as a part of the global renewable electricity market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the grid-connected PV systems market during the forecast period.

Who are the Major Grid-Connected PV Systems Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • ABB Ltd.
  • Canadian Solar Inc.
  • Delta Electronics Inc.
  • First Solar Inc.
  • Flin Technologies PVt. Ltd.
  • Hanwha Corp.
  • Huawei Investment and Holding Co. Ltd.
  • JA Solar Technology Co. Ltd.
  • JinkoSolar Holding Co. Ltd.
  • KACO new energy
  • Kyocera Corp.
  • LG Electronics Inc.
  • Luminous Power Technologies PVt. Ltd.
  • Lumos Global BV
  • Panasonic Corp.
  • Renesola Ltd.
  • Shenzhen Kstar Science and Technology Co. Ltd.
  • SMA Solar Technology AG
  • SolarEdge Technologies Inc.
  • Trina Solar Co. Ltd.

 

This statistical study of the grid-connected PV systems market encompasses successful business strategies deployed by the key vendors. The grid-connected PV systems market is fragmented and the vendors are deploying growth strategies such as quality, price, service, brand image, distribution, and marketing to compete in the market.

Product Insights and News

  • ABB Ltd. - Under the motion segment, the company provides electric motors, generators, drives, and power electronics. 
  • ABB Ltd. - The company offers solar string combiner boxes as PV systems for grid connection. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The grid-connected PV systems market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Grid Connected PV Systems Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the grid connected PV systems market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Grid Connected PV Systems Market?

For more insights on the market share of various regions Request for a FREE sample now!

71% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for the grid-connected PV systems market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The targets set by governments for the construction of solar power plants will facilitate the grid-connected PV systems market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

 The COVID-19 outbreak in the APAC has hit various verticals of industries, mainly the renewable energy industry. However, the resumption of manufacturing hubs after nationwide lockdowns and a decrease in coal-fired plant power generation may proliferate the growth of the solar industry and the grid-connected PV systems market during the forecast period.

What are the Revenue-generating End-user Segments in the Grid-Connected PV Systems Market?

To gain further insights on the market contribution of various segments Request for a FREE sample

The grid-connected PV systems market share growth by the non-residential segment will be significant during the forecast period. The non-residential segment comprises utility-scale and commercial and industrial (C&I) solar PV system installations. A utility solar power producer has a long-term power purchase agreement (PPA) with power distributors that provide electricity to consumers. Utility-scale solar PV installations are the most common grid-connected installations. Moreover, the growth of this segment will be driven by the expansion of utility-scale solar power installations, especially in China, India, and European countries. Thus, this will drive the growth of the market during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the grid-connected PV systems market size and actionable market insights on post COVID-19 impact on each segment.

 

Grid-Connected PV Systems Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 12.58%

Market growth 2022-2026

$ 158.08 billion

Market structure

Fragmented

YoY growth (%)

12.31

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 71%

Key consumer countries

US, China, Japan, India, Germany, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

ABB Ltd., Canadian Solar Inc., Delta Electronics Inc., First Solar Inc., Flin Technologies PVt. Ltd., Hanwha Corp., Huawei Investment and Holding Co. Ltd., JA Solar Technology Co. Ltd., JinkoSolar Holding Co. Ltd., KACO new energy, Kyocera Corp., LG Electronics Inc., Luminous Power Technologies PVt. Ltd., Lumos Global BV, Panasonic Corp., Renesola Ltd., Shenzhen Kstar Science and Technology Co. Ltd., SMA Solar Technology AG, SolarEdge Technologies Inc., and Trina Solar Co. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request for a FREE sample

What are the Key Data Covered in this Grid-Connected PV Systems Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive grid-connected PV systems market growth during the next five years
  • Precise estimation of the grid-connected PV systems market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the grid-connected PV systems industry across APAC, North America, Europe, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of grid-connected PV systems market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Read More Read Less

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by End-user

    • 5.1 Market segments
      • Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)
    • 5.2 Comparison by End-user
      • Exhibit 26: Chart on Comparison by End-user
      • Exhibit 27: Data Table on Comparison by End-user
    • 5.3 Non-residential - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Non-residential - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 29: Data Table on Non-residential - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 30: Chart on Non-residential - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Non-residential - Year-over-year growth 2021-2026 (%)
    • 5.4 Residential - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Residential - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 33: Data Table on Residential - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 34: Chart on Residential - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Residential - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by End-user
      • Exhibit 36: Market opportunity by End-user ($ billion)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 APAC - Market size and forecast 2021-2026
      • Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 43: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.4 North America - Market size and forecast 2021-2026
      • Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.5 Europe - Market size and forecast 2021-2026
      • Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 China - Market size and forecast 2021-2026
      • Exhibit 62: Chart on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 63: Data Table on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 64: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.9 Japan - Market size and forecast 2021-2026
      • Exhibit 66: Chart on Japan - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 67: Data Table on Japan - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 68: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.10 India - Market size and forecast 2021-2026
      • Exhibit 70: Chart on India - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 71: Data Table on India - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 72: Chart on India - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on India - Year-over-year growth 2021-2026 (%)
    • 7.11 US - Market size and forecast 2021-2026
      • Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.12 Germany - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.13 UK - Market size and forecast 2021-2026
      • Exhibit 82: Chart on UK - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 83: Data Table on UK - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 84: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.14 Market opportunity by geography
      • Exhibit 86: Market opportunity by geography ($ billion)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 87: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 89: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 90: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 91: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 92: Matrix on vendor position and classification
            • 10.3 ABB Ltd.
              • Exhibit 93: ABB Ltd. - Overview
              • Exhibit 94: ABB Ltd. - Business segments
              • Exhibit 95: ABB Ltd. - Key news
              • Exhibit 96: ABB Ltd. - Key offerings
              • Exhibit 97: ABB Ltd. - Segment focus
            • 10.4 Canadian Solar Inc.
              • Exhibit 98: Canadian Solar Inc. - Overview
              • Exhibit 99: Canadian Solar Inc. - Business segments
              • Exhibit 100: Canadian Solar Inc. - Key news
              • Exhibit 101: Canadian Solar Inc. - Key offerings
              • Exhibit 102: Canadian Solar Inc. - Segment focus
            • 10.5 Delta Electronics Inc.
              • Exhibit 103: Delta Electronics Inc. - Overview
              • Exhibit 104: Delta Electronics Inc. - Business segments
              • Exhibit 105: Delta Electronics Inc. - Key offerings
              • Exhibit 106: Delta Electronics Inc. - Segment focus
            • 10.6 First Solar Inc.
              • Exhibit 107: First Solar Inc. - Overview
              • Exhibit 108: First Solar Inc. - Business segments
              • Exhibit 109: First Solar Inc. - Key news
              • Exhibit 110: First Solar Inc. - Key offerings
              • Exhibit 111: First Solar Inc. - Segment focus
            • 10.7 Flin Technologies Pvt. Ltd.
              • Exhibit 112: Flin Technologies Pvt. Ltd. - Overview
              • Exhibit 113: Flin Technologies Pvt. Ltd. - Product / Service
              • Exhibit 114: Flin Technologies Pvt. Ltd. - Key offerings
            • 10.8 Hanwha Corp.
              • Exhibit 115: Hanwha Corp. - Overview
              • Exhibit 116: Hanwha Corp. - Product / Service
              • Exhibit 117: Hanwha Corp. - Key news
              • Exhibit 118: Hanwha Corp. - Key offerings
            • 10.9 Huawei Investment and Holding Co. Ltd.
              • Exhibit 119: Huawei Investment and Holding Co. Ltd. - Overview
              • Exhibit 120: Huawei Investment and Holding Co. Ltd. - Business segments
              • Exhibit 121: Huawei Investment and Holding Co. Ltd. - Key offerings
              • Exhibit 122: Huawei Investment and Holding Co. Ltd. - Segment focus
            • 10.10 JA Solar Technology Co. Ltd.
              • Exhibit 123: JA Solar Technology Co. Ltd. - Overview
              • Exhibit 124: JA Solar Technology Co. Ltd. - Business segments
              • Exhibit 125: JA Solar Technology Co. Ltd. - Key offerings
              • Exhibit 126: JA Solar Technology Co. Ltd. - Segment focus
            • 10.11 JinkoSolar Holding Co. Ltd.
              • Exhibit 127: JinkoSolar Holding Co. Ltd. - Overview
              • Exhibit 128: JinkoSolar Holding Co. Ltd. - Product / Service
              • Exhibit 129: JinkoSolar Holding Co. Ltd. - Key news
              • Exhibit 130: JinkoSolar Holding Co. Ltd. - Key offerings
            • 10.12 Trina Solar Co. Ltd.
              • Exhibit 131: Trina Solar Co. Ltd. - Overview
              • Exhibit 132: Trina Solar Co. Ltd. - Business segments
              • Exhibit 133: Trina Solar Co. Ltd. - Key offerings
              • Exhibit 134: Trina Solar Co. Ltd. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 135: Inclusions checklist
                • Exhibit 136: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 137: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 138: Research methodology
                • Exhibit 139: Validation techniques employed for market sizing
                • Exhibit 140: Information sources
              • 11.5 List of abbreviations
                • Exhibit 141: 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 FREE sample now!
              The grid connected pv systems market growth will increase by $158.08 billion during 2022-2026.
              The grid connected pv systems market is expected to grow at a CAGR of 12.58% during 2022-2026.
              Technavio has segmented the grid connected pv systems market by end-user (Non-residential and Residential) and geographic (APAC, North America, Europe, South America, and Middle East and Africa).
              ABB Ltd., Canadian Solar Inc., Delta Electronics Inc., First Solar Inc., Flin Technologies Pvt. Ltd., Hanwha Corp., Huawei Investment and Holding Co. Ltd., JA Solar Technology Co. Ltd., JinkoSolar Holding Co. Ltd., KACO new energy, Kyocera Corp., LG Electronics Inc., Luminous Power Technologies Pvt. Ltd., Lumos Global BV, Panasonic Corp., Renesola Ltd., Shenzhen Kstar Science and Technology Co. Ltd., SMA Solar Technology AG, SolarEdge Technologies Inc., Trina Solar Co. Ltd. are a few of the key vendors in the grid connected pv systems market.
              APAC will register the highest growth rate of 71.41% among the other regions. Therefore, the grid connected pv systems market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the grid connected pv systems market growth are:
              • Advantages associated with grid-connected PV systems
              • Increasing adoption of microgrids
              The grid connected pv systems market vendors should focus on grabbing business opportunities from the non-residential segment as it accounted for the largest market share in the base year.
              Safe and Secure SSL Encrypted
              Technavio

              Single User:

              2500 USD

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

              Subscribe & Save

              Get lifetime access to our
              Technavio Insights

              Want to customize this report?

              This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

              We offer $1000 worth of FREE customization at the time of purchase
              Technavio
              Enquire Before Buying
              1. Home
              2. Utilities
              3. Published Report
              17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>