Solar PV Systems Market in Asia 2018-2022

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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