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Solar PV is one kind of device made from crystalline silicon or thin film which converts solar energy into electricity by a process known as the photovoltaic effect. The key indicator for solar PV is conversion efficiency.
Market Analysis and Insights: Global Solar PV Market
Due to the COVID-19 pandemic, the global Solar PV market size is estimated to be worth US$ 49630 million in 2022 and is forecast to a readjusted size of US$ 55570 million by 2028 with a CAGR of 1.9% during the review period. Fully considering the economic change by this health crisis, Crystalline Silicon accounting for % of the Solar PV global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Residential segment is altered to an % CAGR throughout this forecast period.
The major players in global Solar PV market include Hanwha, Sharp, First Solar, etc., and the market concentration rate is low. China and Japan are main markets, they occupy about 50% of the global market. Crystalline Silicon is the main type, with a share about 90%. Ground Station is the main application, which holds a share over 60%.
In terms of production side, this report researches the Solar PV capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Solar PV by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Solar PV Scope and Segment
Solar PV market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Solar PV market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Crystalline Silicon
Compound Type
Others
Segment by Application
Residential
Commercial
Ground Station
By Company
Hanwha
Sharp
First Solar
Kyocera Solar
SunPower
REC Group
Solar Frontier
Solarworld
NSP
SoloPower
Trina Solar
Yingli
Canadian Solar
Jinko Solar
JA Solar
ReneSola
Shunfeng
Chint Group
Hareonsolar
Eging PV
Risen
HT-SAAE
CSUN
BYD
Hanergy
Production by Region
North America
Europe
China
Japan
South Korea
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
Market Analysis and Insights: Global Solar PV Market
Due to the COVID-19 pandemic, the global Solar PV market size is estimated to be worth US$ 49630 million in 2022 and is forecast to a readjusted size of US$ 55570 million by 2028 with a CAGR of 1.9% during the review period. Fully considering the economic change by this health crisis, Crystalline Silicon accounting for % of the Solar PV global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Residential segment is altered to an % CAGR throughout this forecast period.
The major players in global Solar PV market include Hanwha, Sharp, First Solar, etc., and the market concentration rate is low. China and Japan are main markets, they occupy about 50% of the global market. Crystalline Silicon is the main type, with a share about 90%. Ground Station is the main application, which holds a share over 60%.
In terms of production side, this report researches the Solar PV capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Solar PV by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Solar PV Scope and Segment
Solar PV market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Solar PV market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Crystalline Silicon
Compound Type
Others
Segment by Application
Residential
Commercial
Ground Station
By Company
Hanwha
Sharp
First Solar
Kyocera Solar
SunPower
REC Group
Solar Frontier
Solarworld
NSP
SoloPower
Trina Solar
Yingli
Canadian Solar
Jinko Solar
JA Solar
ReneSola
Shunfeng
Chint Group
Hareonsolar
Eging PV
Risen
HT-SAAE
CSUN
BYD
Hanergy
Production by Region
North America
Europe
China
Japan
South Korea
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
