Sunday, 24 October 2021 12:12 GMT

Photovoltaic Market Size by Component: Market Analysis Report, Forecast 2020-2030


(MENAFN- Comserve) Shibuya-ku, Tokyo, Japan, Japan, Oct 14, 2021, 06:30 /Comserve / -- The global Photovoltaic market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World.

Photovoltaic technology changes energy from solar radiation directly into electricity using semiconductor materials. It has no mechanical moving parts; therefore, it has a protracted service life, demanding minimal maintenance. Photovoltaic technology is used in renewable energy systems variety from small-scale systems for lighting and pumping to large-scale systems for whole buildings and utility-scale photovoltaic farms. Incessant supply of energy and relatively lower expenses of photovoltaic energy than conventional energy foundations have made PV technology lucrative for application in industrial sectors like telecommunication, aerospace & defense, agriculture, and automotive. This factor is anticipated to escalate market development during the estimate period. Additionally, rise in popularity of photovoltaic technology due to its employment in electricity generation, to deliver electricity for residential buildings, at a low cost is anticipated to drive the growth of the global photovoltaic market. Additionally, high concentrated PV is widely usein military and aerospace applications like in the manufacturing of solar panels for satellites.

The global Photovoltaic market is segregated on the basis of Component as Optics, Trackers, and Cells. Based on Type the global Photovoltaic market is segmented in inorganic PV and Organic PV. Based on Application the global Photovoltaic market is segmented in Non-Residential Applications, Residential Applications, and Utility Applications.

The global  Photovoltaic market   report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Photovoltaic market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

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Competitive Rivalry



Renesola Co. Ltd, Suntech Power Holdings Co. Ltd, Trina Solar, Yingli Green, Canadian Solar inc., Kaneka Corporation, Kyocera Corporation, Mitsubishi Electric Corporation, Panasonic Corporation, Sharp Corporation, and others are among the major players in the global Photovoltaic market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.



The Photovoltaic Market has been segmented as below:



Photovoltaic Market, By Component

Optics
Trackers
Cells


Photovoltaic Market, By Type

inorganic PV
Organic PV


Photovoltaic Market, By Application

Non-Residential Applications
Residential Applications
Utility Applications


Photovoltaic Market, By Region

North America
Europe
Asia-Pacific
Rest of the World


Photovoltaic Market, By Company

Renesola Co. Ltd
Suntech Power Holdings Co. Ltd
Trina Solar
Yingli Green
Canadian Solar inc.
Kaneka Corporation
Kyocera Corporation
Mitsubishi Electric Corporation
Panasonic Corporation
Sharp Corporation
Ja Solar Co. Ltd
Jinko Solar


The report covers:

Global Photovoltaic market sizes from 2015 to 2024, along with CAGR for 2018-2024
Market size comparison for 2017 vs 2024, with actual data for 2017, estimates for 2018 and forecast from 2019 to 2024
Global Photovoltaic market trends, covering comprehensive range of consumer trends & manufacturer trends
Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Photovoltaic market
Major market opportunities and challenges in forecast timeframe to be focused
Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
Comprehensive company profiles of the key industry players


Report Scope:



The global Photovoltaic market report scope includes detailed study covering underlying factors influencing the industry trends.



The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies.



The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Photovoltaic market share. Major industry players with significant revenue share include Renesola Co. Ltd, Suntech Power Holdings Co. Ltd, Trina Solar, Yingli Green, Canadian Solar inc., Kaneka Corporation, Kyocera Corporation, Mitsubishi Electric Corporation, Panasonic Corporation, Sharp Corporation, and others.



Reasons to Buy this Report:

Gain detailed insights on the Photovoltaic industry trends
Find complete analysis on the market status
Identify the Photovoltaic market opportunities and growth segments
Analyse competitive dynamics by evaluating business segments & product portfolios
Facilitate strategy planning and industry dynamics to enhance decision making


Some of the recent developments in Photovoltaic Market are as follows:



Mitsubishi Electric Corporation

07-2020: Mitsubishi Electric Corporation declared that Mitsubishi Electric Group companies will provide a total of 10 million yen to support victims of the torrential rain and flooding that affected parts of Southern and Central Japan in July 2020.


07-2020: Mitsubishi Electric Corporation declared they have advanced a new technology to realize a gallium nitridepower amplifier module for 5G base-stations that offers a combination of compact footprint and extra-high power-efficiency1, the latter exceeding an unprecedented rating of 43.2.


Kyocera Corporation

03-2020: Kyocera Corporation declared that it has developed a Smart Cane prototype for the visually reduced which could support prevent accidents at train stations.

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.


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