Solar Photovoltaic Industry Market Research & Statistics

 
  • Currently 2/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
25 votes
Share

Global Solar Photovoltaic Energy Industry

 

Over 100 countries witnessed the introduction of solar photovoltaic (PV) capacity in 2010, according to research from Pike Research. Commercial and residential grid-connected PV systems make up the majority of the global distributed solar PV market. Financial incentives such as premium feed-in tariffs in certain regions have lead to concentration in the distributed solar PV market in countries such as the US, Canada, Japan, Italy, France and Germany.

 

The EU is expected to continue dominating the distributed solar PV market through 2015. India and China show strong growth potential due to their vast populations without electricity access. In the four-year period ending 2015, the distributed solar PV value chain is expected to represent close to $600 billion in revenue.

 

Market Segments

 

  • The world solar panel industry is forecast to record yearly growth in excess of 38% between 2010 and 2014, according to TechNavio. Growth will be fuelled by technological innovation. An obstacle to growth is linked to the reduction in EU solar subsidies. Leading companies currently operating in the solar panel industry include Sharp, First Solar, Yingli Green Energy, Suntech Power and Q-Cells.

 

  • The world organic photovoltaics (OPV) sector is currently worth more than $4.5 million and expected to reach $630 million in 2022, according to research from IDTechEx. Growth will be fuelled by world applications development, posters and PoP smart labels, and electronics in apparel. In terms of the overall PV market, OPVs represent a relatively small segment. The global installed capacity totaled 22 GW in 2011. Crystalline silicon devices make up 85% of the overall market, and thin film PV devices account for 15% of the market. The market is currently witnessing the introduction of PV technologies on the market of organic photovoltaics (OPV) and sensitized solar cells (DSSC). OPVs offer certain advantages like strong performance in the context of indoor lighting, limited capital expenditure, good form factor and may also cut down on energy production costs through printable plastics use. Disadvantages associated with OPVs are low efficiency levels and high prices.

 

  • Material and equipment innovations will help cut manufacturing costs in the PV sector in coming years. According to Yolé Development, around 35 GWp of new solar cell manufacturing equipment will be sold by 2017.

 

  • The smart grid technology sector is set to contribute to renewable energy production, with new transmission lines granting access to wind and solar resources. Smart grid technology tools will also be necessary for the distribution and utility aspects of renewable energy, reports Pike Research. Among such tools are synchrophasors and VAR compensators in the transmission grid, microgrid, virtual power plant, smart wind and solar technologies, and energy storage tools.

 

 

Regional Market Share

 

  • US solar product demand is expected to remain strong over coming years due to rising requests for renewable energy and state subsidies, reports IBIS World. China is manufacturing at lower costs, and should become an increasingly strong source of competition.

 

  • NetScribes predicts energy demand in China will increase at a yearly rate in excess of 20% through 2020. State solar subsidies will help propel the country’s solar energy sector, with non-fossil fuel usage set to record annual growth of more than 30% through 2015. Obstacles to market growth include falling module prices, oversupply and the expense of generating solar energy.

 

  • India’s solar energy market will benefit from increased government investment, and is likely to become one of the world’s leading solar producers, according to research from RNCOS. Schemes such as the Jawaharlal Nehru National Solar Mission and those promoting energy-efficient green buildings and solar city projects along with solar PV device subsidies will fuel the country’s solar energy industry. Yearly PV-installed capacity is expected to record almost 50% yearly growth for the four-year period ending 2014 to reach 1500 MW. Leading players include Moser Baer India, Tata Solar and BHEL.

 

 

Market Outlook

 

The falling cost of PV modules will continue to drive demand for distributed systems over the coming years, reports Pike Research. Crystalline silicon manufacturers in China will continue to gain market share. Manufacturers will be forced to compete more fiercely to adhere to the market’s general trend toward falling costs, which will positively impact consumer demand.

 

 

Leading Industry Associations

 

ReportLinker.com offers immediate download access to top market reports & statistics on the Solar Photovoltaic Industry from trusted sources.
1-10 of about 3 000 reports

Global Solar Photovoltaic Industry

  • October 2014
    7 pages
  • Solar Photovolt  

  • World  

    China  

    Europe  

View report >

Solar Photovoltaic Industry in the US

  • March 2015
    91 pages
  • Solar Photovolt  

    Inverter  

  • United States  

View report >

Solar Photovoltaic Industry in Europe

  • January 2014
    15 pages
  • Solar Photovolt  

  • Europe  

    Germany  

View report >

Solar Photovoltaic Industry in Asia Forecast

  • June 2013
    16 pages
  • Asia  

    Thailand  

    World  

View report >

The future of the Solar Photovoltaic Industry in Japan

  • November 2014
    43 pages
  • Solar Photovolt  

    Bio Fuel  

    Electricity Gen  

  • Japan  

    Asia  

    OECD  

View report >

Solar Photovoltaic Industry in France

  • January 2013
    5 pages
  • Solar Power  

    Solar Panel  

    Solar Power Sat  

  • France  

    Europe  

    China  

View report >

Solar Photovoltaic Industry in Germany

  • September 2014
    136 pages
  • Solar Photovolt  

  • Germany  

View report >

Solar Photovoltaic Supply in Italy

  • May 2013
    21 pages
  • Solar Photovolt  

  • Italy  

View report >

Solar Photovoltaic Industry in the UK

  • February 2015
    14 pages
  • Solar Photovolt  

  • United Kingdom  

    Europe  

View report >

Solar Photovoltaic Industry in Canada

  • May 2014
    49 pages
  • Solar Photovolt  

    Energy  

  • Canada  

    North America  

    World  

View report >


About 800 reports

Purchase Reports From Reputable Market Research Publishers
(From $ 55 - $ 6 650)

Global Markets and Technologies for Photovoltaic Systems

Global Markets and Technologies for Photovoltaic Systems

  • $ 6 650
  • Industry report
  • March 2015
  • by BCC Research

REPORT HIGHLIGHTS The global photovoltaic (PV) modules market was valued at $32.6 billion in 2013 and $34.6 billion in 2014. This market is expected to decrease to $27 billion by 2019, with a compound ...

Photovoltaics Market By Type (organic Pv, Inorganic Pv) ...

February 2015 $ 4 650

Solar Panels:  market Shares, Strategies, And Forecas ...

March 2015 $ 4 000

Low Iron Glass: Market Shares, Market Strategies, And M ...

March 2015 $ 4 000

Solar Pv Inverter Market, Update 2015 - Segmentation, M ...

March 2015 $ 3 995

2015 Market Research Report On Global Solar Cell Metal ...

April 2015 $ 2 800

2015 Market Research Report On Global Solar Cells And M ...

April 2015 $ 2 600

2015 Market Research Report On Global Solar Energy Lamp ...

April 2015 $ 2 600

2015 Deep Research Report On Global Solar Thermal Indus ...

March 2015 $ 2 600

2015 Deep Research Report On Global Solar Cell Industry

March 2015 $ 2 600

ReportLinker is an award-winning market research solution that finds, filters and organizes the latest industry data so you get all the market research you need - quickly, in one place.