Change Language

Select Language

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Solar Photovoltaic (PV) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global solar photovoltaic (PV) market size reached 883.4 TWh in 2021. Looking forward, IMARC Group expects the market to reach 2,434.93 TWh by 2027, exhibiting a growth rate (CAGR) of 17.70% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

A solar photovoltaic (PV) system comprises solar panels with an inverter and other electrical and mechanical hardware that convert sunlight into electrical energy. It relies on mounting structures that point panels toward the sun for converting direct current (DC) into alternating current (AC). It is used to generate clean and green energy and reduce air pollution as well as greenhouse gas emissions. It is highly cost-effective, versatile, easy to install and noise-free with low maintenance costs compared to other renewable energy systems. As a result, solar PV system finds extensive applications in residential and commercial sectors across the globe.

 

 
 

www.imarcgroup.com

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

To get more information about this market, Request Sample

Solar Photovoltaic (PV) Market Trends:

At present, the rising awareness among the masses to use low carbon-intensive technologies for reducing carbon footprint worldwide represents one of the key factors driving the market. Besides this, the growing utilization of solar PV systems to power spacecraft and orbiting satellites is positively influencing the market. In addition, governments of several countries are promoting the use of solar PV systems to reduce the dependency on fossil fuels. They are also offering several incentives to encourage the employment of solar energy around the world. Moreover, the increasing application of solar PV systems in the residential sector for grid-connected electricity generation is offering lucrative growth opportunities to industry investors. Apart from this, there is a rise in the demand for sustainable and continuous electric supply among the masses across the globe. This, along with the burgeoning electrical industry, is propelling the growth of the market. Additionally, increasing investments by key market players to introduce enhanced solar energy generation technologies are projected to bolster the growth of the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global solar photovoltaic (PV) market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, grid type, deployment and end user.

Breakup by Type:

 

 
 

www.imarcgroup.com

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

To get more information about this market, Request Sample

  • Thin Film
  • Multi-Si
  • Mono-Si
     

Breakup by Grid Type:

  • On-Grid
  • Off-Grid
     

Breakup by Deployment:

  • Ground-mounted
  • Rooftop Solar
     

Breakup by End User:

  • Residential
  • Commercial
  • Utility
     

Breakup by Region:

 

 
 

www.imarcgroup.com

To get more information on the regional analysis of this market, Request Sample

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Acciona S.A., Canadian Solar Inc., First Solar Inc., JA Solar Technology Co, JinkoSolar Holding Co. Ltd., LONGi Green Energy Technology Co. Ltd., Sharp Corporation, Solar Frontier K.K, SunPower Corporation, Suntech Power Co. Ltd. (Shunfeng Int'l), Tata Power Solar Systems Limited (Tata Power Company Limited) and Trina Solar Co. Ltd.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion, TWh
Segment Coverage Type, Grid Type, Deployment, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Acciona S.A., Canadian Solar Inc., First Solar Inc., JA Solar Technology Co, JinkoSolar Holding Co. Ltd., LONGi Green Energy Technology Co. Ltd., Sharp Corporation, Solar Frontier K.K, SunPower Corporation, Suntech Power Co. Ltd. (Shunfeng Int'l), Tata Power Solar Systems Limited (Tata Power Company Limited) and Trina Solar Co. Ltd.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global solar photovoltaic (PV) market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global solar photovoltaic (PV) market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the grid type?
  • What is the breakup of the market based on the deployment?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global solar photovoltaic (PV) market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Solar Photovoltaic (PV) Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Type
    6.1    Thin Film
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Multi-Si
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Mono-Si
        6.3.1 Market Trends
        6.3.2 Market Forecast
7    Market Breakup by Grid Type
    7.1    On-Grid
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Off-Grid
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Deployment
    8.1    Ground-mounted
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Rooftop Solar
        8.2.1 Market Trends
        8.2.2 Market Forecast
9    Market Breakup by End User
    9.1    Residential
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Commercial
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Utility
        9.3.1 Market Trends
        9.3.2 Market Forecast
10    Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia-Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
15    Competitive Landscape

    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Acciona S.A.
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio
        15.3.2    Canadian Solar Inc.
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
           15.3.2.3 Financials
           15.3.2.4 SWOT Analysis
        15.3.3    First Solar Inc.
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio
           15.3.3.3 Financials
           15.3.3.4 SWOT Analysis
        15.3.4    JA Solar Technology Co
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio
        15.3.5    JinkoSolar Holding Co. Ltd.
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio
        15.3.6    LONGi Green Energy Technology Co. Ltd.
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio
           15.3.6.3 Financials
        15.3.7    Sharp Corporation
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
           15.3.7.3 Financials
           15.3.7.4 SWOT Analysis
        15.3.8    Solar Frontier K.K
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio
        15.3.9    SunPower Corporation
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio
           15.3.9.3 Financials
           15.3.9.4 SWOT Analysis
        15.3.10    Suntech Power Co. Ltd. (Shunfeng Int'l)
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio
        15.3.11    Tata Power Solar Systems Limited (Tata Power Company Limited)
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio
        15.3.12    Trina Solar Co. Ltd.
           15.3.12.1 Company Overview
           15.3.12.2 Product Portfolio

List of Figures

Figure 1: Global: Solar Photovoltaic Market: Major Drivers and Challenges
Figure 2: Global: Solar Photovoltaic Market: Volume Trends (in TWh), 2016-2021
Figure 3: Global: Solar Photovoltaic Market Forecast: Volume Trends (in TWh), 2022-2027
Figure 4: Global: Solar Photovoltaic Market: Value Trends (in Billion US$), 2016-2021
Figure 5: Global: Solar Photovoltaic Market Forecast: Value Trends (in Billion US$), 2022-2027
Figure 6: Global: Solar Photovoltaic Market: Breakup by Type (in %), 2021
Figure 7: Global: Solar Photovoltaic Market: Breakup by Grid Type (in %), 2021
Figure 8: Global: Solar Photovoltaic Market: Breakup by Deployment (in %), 2021
Figure 9: Global: Solar Photovoltaic Market: Breakup by End User (in %), 2021
Figure 10: Global: Solar Photovoltaic Market: Breakup by Region (in %), 2021
Figure 11: Global: Solar Photovoltaic (Thin Film) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Solar Photovoltaic (Thin Film) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Solar Photovoltaic (Multi-Si) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Solar Photovoltaic (Multi-Si) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Solar Photovoltaic (Mono-Si) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Solar Photovoltaic (Mono-Si) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Solar Photovoltaic (On-Grid) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Solar Photovoltaic (On-Grid) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Solar Photovoltaic (Off-Grid) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Solar Photovoltaic (Off-Grid) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Solar Photovoltaic (Ground-mounted) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Solar Photovoltaic (Ground-mounted) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Solar Photovoltaic (Rooftop Solar) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Solar Photovoltaic (Rooftop Solar) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Solar Photovoltaic (Residential) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Solar Photovoltaic (Residential) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Solar Photovoltaic (Commercial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Solar Photovoltaic (Commercial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Solar Photovoltaic (Utility) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Solar Photovoltaic (Utility) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: North America: Solar Photovoltaic Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: North America: Solar Photovoltaic Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: United States: Solar Photovoltaic Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: United States: Solar Photovoltaic Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Canada: Solar Photovoltaic Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Canada: Solar Photovoltaic Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Asia-Pacific: Solar Photovoltaic Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Asia-Pacific: Solar Photovoltaic Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: China: Solar Photovoltaic Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: China: Solar Photovoltaic Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Japan: Solar Photovoltaic Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Japan: Solar Photovoltaic Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: India: Solar Photovoltaic Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: India: Solar Photovoltaic Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: South Korea: Solar Photovoltaic Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: South Korea: Solar Photovoltaic Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Australia: Solar Photovoltaic Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Australia: Solar Photovoltaic Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Indonesia: Solar Photovoltaic Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Indonesia: Solar Photovoltaic Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Others: Solar Photovoltaic Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Others: Solar Photovoltaic Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Europe: Solar Photovoltaic Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Europe: Solar Photovoltaic Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Germany: Solar Photovoltaic Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Germany: Solar Photovoltaic Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: France: Solar Photovoltaic Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: France: Solar Photovoltaic Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: United Kingdom: Solar Photovoltaic Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: United Kingdom: Solar Photovoltaic Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Italy: Solar Photovoltaic Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Italy: Solar Photovoltaic Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Spain: Solar Photovoltaic Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Spain: Solar Photovoltaic Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Russia: Solar Photovoltaic Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Russia: Solar Photovoltaic Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Others: Solar Photovoltaic Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Others: Solar Photovoltaic Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Latin America: Solar Photovoltaic Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Latin America: Solar Photovoltaic Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Brazil: Solar Photovoltaic Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Brazil: Solar Photovoltaic Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Mexico: Solar Photovoltaic Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Mexico: Solar Photovoltaic Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Others: Solar Photovoltaic Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Others: Solar Photovoltaic Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Middle East and Africa: Solar Photovoltaic Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Middle East and Africa: Solar Photovoltaic Market: Breakup by Country (in %), 2021
Figure 79: Middle East and Africa: Solar Photovoltaic Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Global: Solar Photovoltaic Industry: SWOT Analysis
Figure 81: Global: Solar Photovoltaic Industry: Value Chain Analysis
Figure 82: Global: Solar Photovoltaic Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Solar Photovoltaic Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Solar Photovoltaic Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Solar Photovoltaic Market Forecast: Breakup by Grid Type (in Million US$), 2022-2027
Table 4: Global: Solar Photovoltaic Market Forecast: Breakup by Deployment (in Million US$), 2022-2027
Table 5: Global: Solar Photovoltaic Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 6: Global: Solar Photovoltaic Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Solar Photovoltaic Market: Competitive Structure
Table 8: Global: Solar Photovoltaic Market: Key Players


Note: We value your privacy and will never rent or sell your email address. Privacy policy

Need more help?

  •   Speak to our experienced analysts for insights on the current market scenarios.
  •   Include additional segments and countries to customize the report as per your requirement.
  •   Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  •   For further assistance, please connect with our analysts.

Purchase Options




$ 2499

REACH OUT TO US

Call us on

( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )


Drop us an email at

sales@imarcgroup.com

Social Links

4