Solar PV Systems Market in Asia 2018-2022
- Published: Apr 2018
- Pages: 80
- SKU: IRTNTR21951
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The solar PV systems market size in Asia will grow by USD 60.15 billion during 2018-2022. This report offers an analysis of the market based on application (on-grid and off-grid) and end-user (non-residential and residential). The solar PV systems market research report further analyzes the market’s competitive landscape and offers information on several companies including Canadian Solar, Hanwha Group, JA SOLAR, JinkoSolar, and Trina Solar.
Below are some of the key findings from the solar PV systems market research report
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Solar PV systems industry overview
The need to increase energy access is one of the primary factors triggering the growth of the solar PV systems market in Asia. International Energy Agency (IEA) estimates that in 2016 almost 440 million people in the developing countries in Asia had no access to electricity. Providing grid access to all individuals requires significant government investments and is time-consuming. This is driving the installation of the more economical off-grid electrification systems. Solar power systems like solar home systems (SHS) and mini-grids can be installed in a lesser time, reduce T&D losses, and increase electricity supply security. These factors are leading to large-scale adoption of solar PV systems and driving market growth.
The growing deployment of microgrids is one of the key trends in solar PV systems market. Microgrids use several combined power generation sources like wind, solar, geothermal, biomass, and fossil fuel. They can function independently or as a hybrid power supply source to a limited area. Microgrids can also provide power when the main grid fails. These benefits have led several national governments to support microgrid deployment. The solar PV systems market forecast report predicts that fueled by these factors, the market will grow at a CAGR of over 10% during the forecast period.
Top solar PV systems companies covered in this market research report
The solar PV systems market in Asia is moderately concentrated. The market is in the early growth stage and is quite competitive. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this solar PV systems industry analysis report will aid clients to identify new growth opportunities and design new growth strategies.
The report offers a complete analysis of various companies including:
- Canadian Solar
- Hanwha Group
- JA SOLAR
- JinkoSolar
- Trina Solar
Solar PV systems market segmentation based on applications
- On-grid
- Off-grid
Market analysis on the solar PV systems market in Asia reveals that on-grid segment will dominate the Asia solar PV systems market share. Off-grid applications will account for the highest market growth throughout the forecast period.
Solar PV systems market segmentation based on end users
- Non-residential
- Residential
The non-residential user segment will account for the largest solar PV systems market share. This segment will also record the highest growth in the market during the forecast period. Additionally, the report also provides an accurate prediction of the contribution of the various end-user segments to the growth of the solar PV systems market size.
Key highlights of the solar PV systems market in Asia for the forecast years 2018-2022:
- CAGR of the market during the forecast period 2018-2022
- Detailed information on factors that will accelerate the growth of the solar PV systems market during the next five years
- Precise estimation of the Asia solar 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 solar PV systems industry across the residential and non-residential user segments
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details on the factors that will challenge the growth of solar PV systems companies
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 05: MARKET SIZING
- Market definition
- Market sizing 2017
- Market size and forecast 2017-2022
PART 06: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 07: MARKET SEGMENTATION BY APPLICATION
- Overview
- Comparison by application
- On-grid – Market size and forecast 2017-2022
- Off-grid – Market size and forecast 2017-2022
- Market opportunity by application
PART 08: CUSTOMER LANDSCAPE
PART 09: REGIONAL LANDSCAPE
- Geographical segmentation
PART 10: MARKET SEGMENTATION BY END-USER
- Overview
- Comparison by end-user
- Non-residential – Market size and forecast 2017-2022
- Residential – Market size and forecast 2017-2022
- Market opportunity by end-user
PART 11: DECISION FRAMEWORK
PART 12: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 13: MARKET TRENDS
- Growing focus on self-consumption
- Increasing deployment of microgrids
- Development of zero-energy buildings
PART 14: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 15: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Canadian Solar
- Hanwha Group
- JA SOLAR
- JinkoSolar
- Trina Solar
PART 16: 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.
INFORMATION 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
DATA 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
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
Key Questions Answered
- 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?
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