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Global Grid Connected PV Systems Market Research Report 2024
Synopsis
A grid connected photovoltaic power system is a solar PV system connected to utility grid that generates electricity using solar power. A grid connected PV system comprises solar panels, a power conditioning unit, grid connection equipment, and one or many inverters. These systems can range from commercial rooftop systems and small residential units to large utility-scale solar power stations. Unlike standalone solar power equipment, grid connected systems seldom constitute any integrated battery solutions. During favorable conditions, a grid connected PV system supplies superfluous power to the utility, beyond what is required for consumption of the connected load.
The global Grid Connected PV Systems market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
China has implemented the Renewable Energy Law since 2006, in which Article 4 clearly states that, the State gives first priority to the exploration of renewable energy. Over the years, various departments of the Chinese government have successively issued a large number of policies, covering production, sales, taxation, subsidies and other aspects. After setting the carbon neutrality goal in 2021, from a national perspective, the upgrading of the energy structure is ever imperative, and therefore the optoelectronic industry has great potential. The European Commission released the Net-Zero Industry Act in 2023. This bill aims to stimulate local manufacturing in Europe, reduce import dependence on China, and ensure that at least 40% of the EU's clean energy demand can be met by 2030. The EU targets an installed solar capacity of 600 GW. Overall, the European market still has a lot of room for development. US 2022 release of the Inflation Reduction Act, which includes $369 billion for energy security and climate change investments. For the photovoltaic industry, the bill stimulates its development from multiple aspects such as corporate and individual tax credits, production subsidies, and loans throughout the industry chain, and revitalizes the domestic manufacturing industry in the United States. Japanese authorities plan to make solar panels mandatory for new residential buildings in Tokyo from 2025 onwards. It is estimated that by 2030, photovoltaic power generation will account for 14%-16% of Japan's total power generation, and the cumulative installed capacity of photovoltaic systems will be about 117.78 GW.
This report aims to provide a comprehensive presentation of the global market for Grid Connected PV Systems, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Grid Connected PV Systems.
Report Scope
The Grid Connected PV Systems market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Grid Connected PV Systems market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Grid Connected PV Systems manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Canadian Solar
Hanwha Group
Huawei Technologies
JA SOLAR
JinkoSolar
Trina Solar
Segment by Type
Solar Panels
Power Conditioning Unit
Grid Connection Equipment
Inverters
Segment by Application
Residential
Non-Residential
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Grid Connected PV Systems manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Grid Connected PV Systems by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Grid Connected PV Systems in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
A grid connected photovoltaic power system is a solar PV system connected to utility grid that generates electricity using solar power. A grid connected PV system comprises solar panels, a power conditioning unit, grid connection equipment, and one or many inverters. These systems can range from commercial rooftop systems and small residential units to large utility-scale solar power stations. Unlike standalone solar power equipment, grid connected systems seldom constitute any integrated battery solutions. During favorable conditions, a grid connected PV system supplies superfluous power to the utility, beyond what is required for consumption of the connected load.
The global Grid Connected PV Systems market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
China has implemented the Renewable Energy Law since 2006, in which Article 4 clearly states that, the State gives first priority to the exploration of renewable energy. Over the years, various departments of the Chinese government have successively issued a large number of policies, covering production, sales, taxation, subsidies and other aspects. After setting the carbon neutrality goal in 2021, from a national perspective, the upgrading of the energy structure is ever imperative, and therefore the optoelectronic industry has great potential. The European Commission released the Net-Zero Industry Act in 2023. This bill aims to stimulate local manufacturing in Europe, reduce import dependence on China, and ensure that at least 40% of the EU's clean energy demand can be met by 2030. The EU targets an installed solar capacity of 600 GW. Overall, the European market still has a lot of room for development. US 2022 release of the Inflation Reduction Act, which includes $369 billion for energy security and climate change investments. For the photovoltaic industry, the bill stimulates its development from multiple aspects such as corporate and individual tax credits, production subsidies, and loans throughout the industry chain, and revitalizes the domestic manufacturing industry in the United States. Japanese authorities plan to make solar panels mandatory for new residential buildings in Tokyo from 2025 onwards. It is estimated that by 2030, photovoltaic power generation will account for 14%-16% of Japan's total power generation, and the cumulative installed capacity of photovoltaic systems will be about 117.78 GW.
This report aims to provide a comprehensive presentation of the global market for Grid Connected PV Systems, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Grid Connected PV Systems.
Report Scope
The Grid Connected PV Systems market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Grid Connected PV Systems market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Grid Connected PV Systems manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Canadian Solar
Hanwha Group
Huawei Technologies
JA SOLAR
JinkoSolar
Trina Solar
Segment by Type
Solar Panels
Power Conditioning Unit
Grid Connection Equipment
Inverters
Segment by Application
Residential
Non-Residential
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Grid Connected PV Systems manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Grid Connected PV Systems by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Grid Connected PV Systems in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Index1 Grid Connected PV Systems Market Overview
1.1 Product Definition
1.2 Grid Connected PV Systems Segment by Type
1.2.1 Global Grid Connected PV Systems Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Solar Panels
1.2.3 Power Conditioning Unit
1.2.4 Grid Connection Equipment
1.2.5 Inverters
1.3 Grid Connected PV Systems Segment by Application
1.3.1 Global Grid Connected PV Systems Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Residential
1.3.3 Non-Residential
1.4 Global Market Growth Prospects
1.4.1 Global Grid Connected PV Systems Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Grid Connected PV Systems Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Grid Connected PV Systems Production Estimates and Forecasts (2019-2030)
1.4.4 Global Grid Connected PV Systems Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Grid Connected PV Systems Production Market Share by Manufacturers (2019-2024)
2.2 Global Grid Connected PV Systems Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Grid Connected PV Systems, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Grid Connected PV Systems Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Grid Connected PV Systems Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Grid Connected PV Systems, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Grid Connected PV Systems, Product Offered and Application
2.8 Global Key Manufacturers of Grid Connected PV Systems, Date of Enter into This Industry
2.9 Grid Connected PV Systems Market Competitive Situation and Trends
2.9.1 Grid Connected PV Systems Market Concentration Rate
2.9.2 Global 5 and 10 Largest Grid Connected PV Systems Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Grid Connected PV Systems Production by Region
3.1 Global Grid Connected PV Systems Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Grid Connected PV Systems Production Value by Region (2019-2030)
3.2.1 Global Grid Connected PV Systems Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Grid Connected PV Systems by Region (2025-2030)
3.3 Global Grid Connected PV Systems Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Grid Connected PV Systems Production by Region (2019-2030)
3.4.1 Global Grid Connected PV Systems Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Grid Connected PV Systems by Region (2025-2030)
3.5 Global Grid Connected PV Systems Market Price Analysis by Region (2019-2024)
3.6 Global Grid Connected PV Systems Production and Value, Year-over-Year Growth
3.6.1 North America Grid Connected PV Systems Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Grid Connected PV Systems Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Grid Connected PV Systems Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Grid Connected PV Systems Production Value Estimates and Forecasts (2019-2030)
4 Grid Connected PV Systems Consumption by Region
4.1 Global Grid Connected PV Systems Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Grid Connected PV Systems Consumption by Region (2019-2030)
4.2.1 Global Grid Connected PV Systems Consumption by Region (2019-2024)
4.2.2 Global Grid Connected PV Systems Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Grid Connected PV Systems Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Grid Connected PV Systems Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Grid Connected PV Systems Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Grid Connected PV Systems Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Grid Connected PV Systems Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Grid Connected PV Systems Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Grid Connected PV Systems Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Grid Connected PV Systems Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Grid Connected PV Systems Production by Type (2019-2030)
5.1.1 Global Grid Connected PV Systems Production by Type (2019-2024)
5.1.2 Global Grid Connected PV Systems Production by Type (2025-2030)
5.1.3 Global Grid Connected PV Systems Production Market Share by Type (2019-2030)
5.2 Global Grid Connected PV Systems Production Value by Type (2019-2030)
5.2.1 Global Grid Connected PV Systems Production Value by Type (2019-2024)
5.2.2 Global Grid Connected PV Systems Production Value by Type (2025-2030)
5.2.3 Global Grid Connected PV Systems Production Value Market Share by Type (2019-2030)
5.3 Global Grid Connected PV Systems Price by Type (2019-2030)
6 Segment by Application
6.1 Global Grid Connected PV Systems Production by Application (2019-2030)
6.1.1 Global Grid Connected PV Systems Production by Application (2019-2024)
6.1.2 Global Grid Connected PV Systems Production by Application (2025-2030)
6.1.3 Global Grid Connected PV Systems Production Market Share by Application (2019-2030)
6.2 Global Grid Connected PV Systems Production Value by Application (2019-2030)
6.2.1 Global Grid Connected PV Systems Production Value by Application (2019-2024)
6.2.2 Global Grid Connected PV Systems Production Value by Application (2025-2030)
6.2.3 Global Grid Connected PV Systems Production Value Market Share by Application (2019-2030)
6.3 Global Grid Connected PV Systems Price by Application (2019-2030)
7 Key Companies Profiled
7.1 Canadian Solar
7.1.1 Canadian Solar Grid Connected PV Systems Corporation Information
7.1.2 Canadian Solar Grid Connected PV Systems Product Portfolio
7.1.3 Canadian Solar Grid Connected PV Systems Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Canadian Solar Main Business and Markets Served
7.1.5 Canadian Solar Recent Developments/Updates
7.2 Hanwha Group
7.2.1 Hanwha Group Grid Connected PV Systems Corporation Information
7.2.2 Hanwha Group Grid Connected PV Systems Product Portfolio
7.2.3 Hanwha Group Grid Connected PV Systems Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Hanwha Group Main Business and Markets Served
7.2.5 Hanwha Group Recent Developments/Updates
7.3 Huawei Technologies
7.3.1 Huawei Technologies Grid Connected PV Systems Corporation Information
7.3.2 Huawei Technologies Grid Connected PV Systems Product Portfolio
7.3.3 Huawei Technologies Grid Connected PV Systems Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Huawei Technologies Main Business and Markets Served
7.3.5 Huawei Technologies Recent Developments/Updates
7.4 JA SOLAR
7.4.1 JA SOLAR Grid Connected PV Systems Corporation Information
7.4.2 JA SOLAR Grid Connected PV Systems Product Portfolio
7.4.3 JA SOLAR Grid Connected PV Systems Production, Value, Price and Gross Margin (2019-2024)
7.4.4 JA SOLAR Main Business and Markets Served
7.4.5 JA SOLAR Recent Developments/Updates
7.5 JinkoSolar
7.5.1 JinkoSolar Grid Connected PV Systems Corporation Information
7.5.2 JinkoSolar Grid Connected PV Systems Product Portfolio
7.5.3 JinkoSolar Grid Connected PV Systems Production, Value, Price and Gross Margin (2019-2024)
7.5.4 JinkoSolar Main Business and Markets Served
7.5.5 JinkoSolar Recent Developments/Updates
7.6 Trina Solar
7.6.1 Trina Solar Grid Connected PV Systems Corporation Information
7.6.2 Trina Solar Grid Connected PV Systems Product Portfolio
7.6.3 Trina Solar Grid Connected PV Systems Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Trina Solar Main Business and Markets Served
7.6.5 Trina Solar Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Grid Connected PV Systems Industry Chain Analysis
8.2 Grid Connected PV Systems Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Grid Connected PV Systems Production Mode & Process
8.4 Grid Connected PV Systems Sales and Marketing
8.4.1 Grid Connected PV Systems Sales Channels
8.4.2 Grid Connected PV Systems Distributors
8.5 Grid Connected PV Systems Customers
9 Grid Connected PV Systems Market Dynamics
9.1 Grid Connected PV Systems Industry Trends
9.2 Grid Connected PV Systems Market Drivers
9.3 Grid Connected PV Systems Market Challenges
9.4 Grid Connected PV Systems Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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