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India- Photovoltaic Global Market Research 2019 Size, Share, Trends, Growth, Scope, Industry Analysis, Leading Players and Future Forecast By 2023



(MENAFN - GetNews) Photovoltaic Global Market Research is demonstrates the potential for USD 547.15 billion while maintaining its growth with a CAGR of 16.7% in the course of the forecast period.

Photovoltaic Market Overview

The transformation witnessed in the harnessing of solar energy is backing the expansion of the photovoltaic Industry. Market reports linked to the semiconductors and electronics industry have been presented by Market Research Future which makes reports on other industry verticals that seeks to study the current market scenarios better.

The photovoltaic market is inspired by the growing demand for generating clean energy. The popularity of alternate energy sources is anticipated to create opportunities for development in the forecast period. Furthermore, increasing concerns about rising carbon footprint around the world will create further impetus for progress in the upcoming years.

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Photovoltaic Market Competitive Analysis

The market shows an escalated growth pace due to the positive influence exerted by the market forces. The absorbed costs in the market are easily dealt with, opening up more room for development in the market. The promotional and other related expenses are improved particularly due to the progress of the market. The competitors are devotedly undertaking the obstacles to development and are building strategies that can lead to a beneficial effect on the market's growth. Certain regions in the market are expected to achieve an absolute advantage in the market place due to optimized strategies. The accretive nature of some of the assets in the market is expected to boost the growth potential of the market. Additionally, the alliances being created in the market are expected to further motivate the expansion of the market in the coming years.

Photovoltaic Market Key Players:

The significant companies in the photovoltaic market globally are Canadian Solar Inc. (Canada), Jinko Solar Holding Co., Ltd. (China), Hanwha Q CELLS Co., Ltd. (South Korea), GCL System Integration (Hong Kong), Mitsubishi Electric Corporation (Japan), JA Solar Holdings (China), Trina Solar Limited (China), Sharp Corporation (Japan), Kaneka Corporation (Japan), Risen Energy Co. Ltd (China), Shunfeng International Clean Energy Limited (China), Suntech Power Co. among others.

Photovoltaic Market Segmentation

By type, the market is segmented into organic PV and inorganic PV.

By component, the market is segmented into cells, modules, and optics.

By application, the market is segmented into residential applications, and non-residential applications.

By region, the market is segmented into North America, Europe, Asia-Pacific and the rest of the world.

Photovoltaic Market Regional Analysis

The global market for photovoltaic is estimated to grow at a moderate rate during the forecast period from 2018 to 2023. The geographical analysis of photovoltaic market is studied for North America, Europe, Asia-Pacific, and the rest of the world.

Asia-Pacific is expected to dominate the photovoltaic market due to the presence of various key players and vendors in the region. China is dominating the photovoltaic market in both the use and manufacturing with a market share of more than 35% in the global photovoltaic market. Additionally, the government of India is taking initiatives by providing subsidy to the factories and manufacturing facilities using solar panels for power generation. In the Asia-Pacific region, several research and development activities are taking place to increase the power generation capacity. The government and key players are investing in the region to increase the power generation without increasing the carbon footprint that leads to the market growth. North America is expected to be the second-largest region due to presence of various industries and key players in the region along with various initiatives taken by the government. Europe is considered to grow at a moderate rate due to low investment activity by the European Union in the region for solar energy.

TABLE OF CONTENTS

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

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LIST OF TABLES

Table 1 Global Photovoltaic Market, By Region, 20182023

Table 2 North America: Photovoltaic Market, By Country, 20182023

Table 3 Europe: Photovoltaic Market, By Country, 20182023

LIST OF FIGURES

FIGURE 1 Global Photovoltaic Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Porter's Five Forces Analysis Of Global Photovoltaic Market

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
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Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/reports/photovoltaic-market-1061

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India- Photovoltaic Global Market Research 2019 Size, Share, Trends, Growth, Scope, Industry Analysis, Leading Players and Future Forecast By 2023

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