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Photovoltaics Market By Type (Organic PV, Inorganic PV), Component (Crystalline Silicon PV Cells, Thin Film PV Cells, Modules, Optics, Trackers), Application (Residential, Non-Residential And Utility) & Geography Analysis and Forecasts to 2013-2020

Photovoltaics Market: Forecasts until 2013

  • February 2015
  • 180 pages
  • ID: 2685061
In this report:
The global crystalline silicon PV cells market by geography is expected to grow from $##.## billion in 2013 to $##.## billion by 2020, at a CAGR of ##.##% between 2014 and 2020.
The global crystalline silicon photovoltaics market, by cell is expected to grow from $##.## billion in 2013 to $##.## billion by 2020, at a CAGR of ##.##% between 2014 and 2020.

Summary

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Photovoltaic systems include a well-established renewable energy technology that is particularly suitable for locations with less or no access to grid electricity. PV systems have been successfully deployed across the globe for decades in a variety of applications, including power for remote weather stations & telecommunications towers, residential installations, military and defence, and power plants. The different factors providing to the usage of PV technology in a wide range of applications contain their scalability, need for minimum maintenance of systems, and environment-friendly attributes.

The PV market is observed to be one of the quickest increasing markets supported by several government incentives and funding along with, the extensive R&D activities undertaken by the main market players. PV technology is emerging as the main technology for the generation of power in the globe; which is evident from its continuous increase in the last decade. Therefore, the key market players containing both public and private entities are actively taking part in the development of the PV market by making investments, expanding their geographic footprint, and enhancing the said technology.

The top players in the PV market are adopting distinct kinds of strategies in order to accomplish successful penetration and a strong position in this sector. In the overall marketplace, the number of actors is observed to be growing quickly due to which, it becomes imperative for every market actor to benefit a competitive edge over the others. The best strategies approved by the actors to compete in the PV market included strategic agreements, contracts & alliances, and others including investments, installation of PV systems, exhibition, and certification among others.

The photovoltaics market is anticipated to grow from ~$89.5B in 2013 to ~$345.6B by 2020, at a compound annual growth rate (CAGR) of ~18.3 percent between 2014 and 2020. In terms of geography, Asia-Pacific is forecasted to hold the main market share at ~53.3 percent in 2013, succeeded by EU at ~23.5 percent. The main driving factor behind this would be the presence of the main actors in the territory and rising government support.

The analysis presents a exhaustive insight concerning the current photovoltaics market, and identifies the top trends of different segments of the sector together with, providing detailed quantitative and qualitative information. The document breaks down the overall photovoltaics market based on component, category, application, and territory. Moreover, it offers the market size forecasts and trend analysis with respect to the market's time-line. In-depth geographic insights with respect to the main regions including North America, Asia-Pac, Europe (EU) and Rest of the globe have also been analyzed.

The main players in overall photovoltaics market are Kaneka Corporation, Kyocera Corporation, Mitsubishi Electric (TSE:6503), Panasonic (PCRFY), Sharp Corporation, JA Solar Co. Ltd, Jinko Solar, ReneSola Co. Ltd, Suntech Power Holdings Co. Ltd, Trina Solar, Yingli Green, and Canadian Solar among others.

The main aspects of the PV market which have been covered in this industry report contain market analysis, market classification, and market landscape.

The market overview and industry study, together with market forces and additional qualitative analysis (premium insights about the overall and Chinese & Japanese PV market) has been detailed in the market research. The market classification encompasses the distribution and sub-segmentation of the said market established on component, category, application, and area. Lastly, the current market landscape has been analyzed along with, the corporation reviews of all the top players in the said market.

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