Comprehensive historical analysis of global market for Photovoltaic has thoroughly analyzed in this report. It offers data and insights from 2019-2022, and provides extensive market forecasts from 2023-2032 by region/country and subsectors. It covers the price, sales volume, revenue, historical growth, gross margin, and future outlooks for the Photovoltaic market.
The Global Photovoltaic Market Size is expected to reach USD 243.81 Billion by 2032, at a CAGR of 10.1% during the forecast period 2023 to 2032.
The report includes growth prospects in the Global Photovoltaic Market by type, application, sub segement and region and QMI has compiled a comprehensive detailed research report to offer insights. The report details consumption in the Energy & Power and other sectors. Regional coverage spans North America, Europe, and rest of the world including Asia Pacific.
Photovoltaic energy is generated from sunlight using photovoltaic cells that convert solar radiation into electricity. This electricity can be used to power electrical equipment, fed into the power grid, or stored in batteries. On a commercial scale, photovoltaic technology is employed in solar-powered devices such as lamps, parking meters, emergency phones, trash compactors, temporary traffic signs, charging stations, and remote guard posts and signals. It is also integrated into solar panels on buses and cars, providing electricity to power vehicle motors. In agriculture, photovoltaic energy is widely used for solar drying of crops, running water pumps, and powering remote locations more cost-effectively than extending new electric lines. In the industrial sector, particularly aerospace and defense, photovoltaic energy generates electricity for satellites, ensuring smooth operation in space. These applications are driving the growing demand for photovoltaic energy.
The rising global energy demand, driven by population growth, has increased the need for sustainable energy sources, supported by favorable government regulations that aim to reduce dependency on fossil fuels and control environmental pollution. These policies encourage the adoption of renewable energy, such as solar power, which is a key driver of photovoltaic energy demand. Additionally, the reduction of carbon footprints and the low cost of solar power generation are expected to further boost the demand for photovoltaic technology and drive the industry's growth.
Leading players of Photovoltaic including:
- JinkoSolar
- JA Solar
- Trina Solar
- LONGi
- Canadian Solar
- First Solar
- Hanwha Q CELLS
- Wuxi Suntech Power
- Sharp
- Mitsubishi Electric
- ABB
- Huawei
- SMA Solar Technology
- Sungrow Power Supply
- Array Technologies
- Chint Solar
- GCL System Integration Technology
- NEXTracker
- Risen Energy
- Tongwei Solar
- Eaton Corp.
- LG Electronics
- Power Electronics
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Market split by Segement, can be divided into:
Photovoltaic Market, By Component Type
- Modules
- Inverters
- Balance of System
Photovoltaic Market, By Material
- Silicon
- Compounds
Market segment by Region/Country including:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of Middle East & Africa
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In February 2022, China's LONGi recently unveiled the Hi-MO 5m 54c module, featuring 54 cells. This latest addition to the Hi-MO 5m series is specifically tailored for residential and commercial & industrial (C&I) rooftop applications. Boasting a maximum power output of 415W, the Hi-MO 5m module achieves an impressive efficiency of 21.25%.
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Whats covered in the report?
- 1. Overview of the Photovoltaic market.
- 2. The current and forecasted regional (North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa) market size data for the Photovoltaic market, based on segement.
- 3. Photovoltaic Market trends.
- 4. Photovoltaic Market drivers.
- 5. Analysis of major company profiles.
Reasons to buy this Market Report:
1. Save time carrying out entry-level research by identifying the size, growth, and leading players in the emerging Photovoltaic market.
2. Use the SWOT analysis to determine the competitive intensity and therefore attractiveness of the emerging Photovoltaic Industry.
3. Leading company profiles reveal details of key Photovoltaic market players emerging five operations and financial performance.
4. Add weight to presentations and pitches by understanding the future growth prospects of the emerging Photovoltaic market with five year historical forecasts.
5. Compares data from North America, South America, Asia Pacific Europe and Middle East Africa, alongside individual chapters on each region.
6. Extensive information on factors that will amplify the growth of the Photovoltaic market over the upcoming seven years
7. Accurate estimation of the global Photovoltaic market size
8. Exact estimations of the upcoming trends and changes observed in the consumer behavior
9. Growth of the global Photovoltaic market across the North & South America, EMEA, Asia Pacific, and Latin America
10. Information about Photovoltaic market growth potential
11. In-depth analysis of the industry’s competitive landscape and detailed information vis-a-vis on various vendors
12. Furnishing of detailed information on the factors that will restrain the growth of the Photovoltaic market
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