The global solar photovoltaic market size is estimated to grow from USD 79.6 billion in 2021 to USD 129.86 billion by 2027, at a CAGR of 8.5% from 2021 to 2027.Below information is analyzed in depth in the report-
Global Solar Photovoltaic Market Revenue, 2018-2023, 2024-2033, (US$ Millions)
Global Solar Photovoltaic Market Sales Volume, 2018-2023, 2024-2033, (Units)
Share of the top five Solar Photovoltaic companies in 2023 (%)
Market Growth Mapping
Qualitative and quantitative methodologies were utilized in the process of market growth mapping. The report offers an extensive examination of market dynamics, including a thorough assessment of the primary factors that drive market expansion, challenges encountered by industry participants, and forthcoming trends that indicate recent development. Prospects for investment and expansion are discerned via a comprehensive SWOT analysis, which evaluates the market’s strengths, weakness, opportunities, and threats. The PESTEL analysis, which investigates the technological, environmental, political, economic, and social factors that influence the industry, provides additional depth of analysis. Furthermore, the report incorporates an analysis of PORTER'S 5 forces, which provides valuable perspectives on the sector's profitability and competitive intensity. Moreover, the report covers regulatory landscape, COVID-19 impact analysis, customer sentiment and behavior, trade analysis, supply-demand analysis, and the influence of government policies and other macroeconomic factors.
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Solar Photovoltaic Market Segmentation:
This study offers a thorough segmentation of the Solar Photovoltaic market based on an in-depth examination of the product portfolios and customers of key regional and global market players. By means of a comprehensive examination, we offer detailed perspectives on market segmentation, assisting stakeholders in comprehending the diverse aspects and variables that impact the Solar Photovoltaic market.
By Technology Outlook (Capacity (MW), Revenue, 2017-2027, USD Million)
Monocrystalline Silicon
Polycrystalline Silicon
Thin Film
Others
By Deployment Outlook (Capacity (MW), Revenue, 2017-2027, USD Million)
Ground-Mounted
Rooftop Solar
By Grid Type Outlook (Capacity (MW), Revenue, 2017-2027, USD Million)
On-Grid
Off-Grid
By End User Outlook (Capacity (MW), Revenue, 2017-2027, USD Million)
Residential
Commercial and Industrial (C&I)
Utility
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The key companies covered in the market report are:
The solar photovoltaic market is mildly concentrated in nature with few numbers global players operating in the market such as Canadian Solar Inc., First Solar Inc., JinkoSolar Holding Co. Ltd, Trina Solar Ltd, SunPower Corporation, JA Solar Holdings Co. Ltd., Hanwha Q Cells Co Ltd, Suntech Power Holding Co. Ltd, JA Solar Holdings Co. Ltd., Sharp Corporation, and others. These players have been adopting various winning strategies to gain higher shares or retain leading positions in the market.