Attractive Opportunities in Solar PV Market by End-user and Geography - Forecast and Analysis 2021-2025

Attractive Opportunities in Solar PV Market by End-user and Geography - Forecast and Analysis 2021-2025

TownNews.com Content Exchange

NEW YORK, Nov. 24, 2021 /PRNewswire/ -- Concerns over carbon emissions have been increasing investments in renewable energy. For instance, investments in the renewable power sector accounted for more than 40% in total power sector investments in the last three years. Countries such as Norway, Iceland, and Sweden meet more than half of their annual energy demands through renewable sources. Similarly, many countries across the world are focusing on reducing their carbon footprint by cutting down emissions. All these factors are creating significant growth opportunities for solar PV market players.

Technavio estimates the solar PV market size to increase by 142.64 GW between 2020 and 2025,. However, the growth momentum is expected to decelerate at a CAGR of 15.24% over the forecast period.

Know exact market size, growth variance, and future growth opportunities in the solar PV market by purchasing our full report.

View Free Sample Report Before Purchasing

Market Dynamics

Factors such as increasing investments in renewable energy and favorable government regulations will drive the growth of the market. However, increasing number of alternative energy sources might hamper growth.

The declining cost of solar PV will create significant growth opportunities for market player. On the other hand, the intermittency in solar power generation will restrict the growth.

Company Profiles

Some of the companies covered in this report are Adani Green Energy Ltd., Canadian Solar Inc., First Solar Inc., Flisom AG, Greatcell Energy Pty Ltd., JA Solar Technology Co. Ltd., JinkoSolar Holding Co. Ltd., TotalEnergies SE, Waaree Energies Ltd., and Yingli Green Energy Holding Co. Ltd. etc.

Competitive Analysis

The solar PV market report includes the competitive analysis, which analyzes and evaluates the position of companies based on their industry position score and market performance score. Some of the factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Market Segmentation

  • By End-user, the market is classified into utility, commercial, and residential. 
  • By Geography, the market is analyzed across APAC, Europe, North America, South America, and MEA.

The market witnessed maximum demand for solar PV from the utility sector. The segment is driven by the increasing addition of utility-scale power PV capacity across the world. In terms of geography, APAC currently holds 51% of the global market share and will continue its dominance over the forecast period. China, Vietnam, Japan, and Australia are the key markets for solar PV in APAC. However, the market growth rate in APAC will be slower than the growth of the market in other regions.

Related Reports:

Solar PV Mounting Systems Market by Technology and Geography - Forecast and Analysis 2022-2026

Renewable Energy Market by Type and Geography - Forecast and Analysis 2022-2026

Solar PV Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Decelerate at a CAGR of 15.24%

Market growth 2021-2025

142.64 GW

Market structure

Fragmented

YoY growth (%)

17.75

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 51%

Key consumer countries

China, US, Vietnam, Japan, and Australia

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Adani Green Energy Ltd., Canadian Solar Inc., First Solar Inc., Flisom AG, Greatcell Energy Pty Ltd., JA Solar Technology Co. Ltd., JinkoSolar Holding Co. Ltd., TotalEnergies SE, Waaree Energies Ltd., and Yingli Green Energy Holding Co. Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email: media@technavio.com

Website: www.technavio.com/

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/solar-pv-market-size-to-grow-by-142-64-gw--apac-to-occupy-51-market-share--technavio-301430866.html

SOURCE Technavio

This article originally ran on curated.tncontentexchange.com.

TownNews.com Content Exchange

Trending Food Videos