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Synopsis
Photovoltaic (PV) systems are used to convert sunlight into electricity. They are safe, reliable, incur less operating costs, and are easy to install.
The global Photovoltaic market size is expected to reach US$ 188980 million by 2029, growing at a CAGR of 20.1% from 2023 to 2029. The market is mainly driven by the significant applications of Photovoltaic in various end use industries.
The expanding demands from the Industrial, Residential and Commercial,, are propelling Photovoltaic market. Thin Film, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Mono Si segment is estimated at % CAGR for the next seven-year period.
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 $369 billion for energy security and climate change investments. For the photovoltaic industry, the bill stimulates its development from multiple aspects such as corporate and individual tax credits, production subsidies, and loans throughout the industry chain, and revitalizes the domestic manufacturing industry in the United States. Japanese authorities plan to make solar panels mandatory for new residential buildings in Tokyo from 2025 onwards. It is estimated that by 2030, photovoltaic power generation will account for 14%-16% of Japan's total power generation, and the cumulative installed capacity of photovoltaic systems will be about 117.53 GW.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Photovoltaic, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Photovoltaic market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Photovoltaic market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Photovoltaic sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Photovoltaic covered in this report include Kaneka, Kyocera, Mitsubishi Electric, Panasonic, Sharp, Ja Solar, Jinko Solar, Renesola and Suntech Power, etc.
The global Photovoltaic market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
- Kaneka
- Kyocera
- Mitsubishi Electric
- Panasonic
- Sharp
- Ja Solar
- Jinko Solar
- Renesola
- Suntech Power
- Trina Solar
- Yingli Solar
- Canadian Solar
Global Photovoltaic market, by region:
- North America (U.S., Canada, Mexico)
- Europe (Germany, France, UK, Italy, etc.)
- Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
- South America (Brazil, etc.)
- Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Photovoltaic market, Segment by Type:
- Thin Film
- Mono Si
- Multi Si
Global Photovoltaic market, by Application
- Industrial
- Residential
- Commercial
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Photovoltaic manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Photovoltaic in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. 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 Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index
1 Photovoltaic Market Overview
1.1 Photovoltaic Product Overview
1.2 Photovoltaic Market Segment by Type
1.2.1 Thin Film
1.2.2 Mono Si
1.2.3 Multi Si
1.3 Global Photovoltaic Market Size by Type
1.3.1 Global Photovoltaic Market Size Overview by Type (2018-2029)
1.3.2 Global Photovoltaic Historic Market Size Review by Type (2018-2023)
1.3.3 Global Photovoltaic Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Photovoltaic Sales Breakdown by Type (2018-2023)
1.4.2 Europe Photovoltaic Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Photovoltaic Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Photovoltaic Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Photovoltaic Sales Breakdown by Type (2018-2023)
2 Global Photovoltaic Market Competition by Company
2.1 Global Top Players by Photovoltaic Sales (2018-2023)
2.2 Global Top Players by Photovoltaic Revenue (2018-2023)
2.3 Global Top Players by Photovoltaic Price (2018-2023)
2.4 Global Top Manufacturers Photovoltaic Manufacturing Base Distribution, Sales Area, Product Type
2.5 Photovoltaic Market Competitive Situation and Trends
2.5.1 Photovoltaic Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Photovoltaic Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Photovoltaic as of 2022)
2.7 Date of Key Manufacturers Enter into Photovoltaic Market
2.8 Key Manufacturers Photovoltaic Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Photovoltaic Status and Outlook by Region
3.1 Global Photovoltaic Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Photovoltaic Historic Market Size by Region
3.2.1 Global Photovoltaic Sales in Volume by Region (2018-2023)
3.2.2 Global Photovoltaic Sales in Value by Region (2018-2023)
3.2.3 Global Photovoltaic Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Photovoltaic Forecasted Market Size by Region
3.3.1 Global Photovoltaic Sales in Volume by Region (2024-2029)
3.3.2 Global Photovoltaic Sales in Value by Region (2024-2029)
3.3.3 Global Photovoltaic Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Photovoltaic by Application
4.1 Photovoltaic Market Segment by Application
4.1.1 Industrial
4.1.2 Residential
4.1.3 Commercial
4.2 Global Photovoltaic Market Size by Application
4.2.1 Global Photovoltaic Market Size Overview by Application (2018-2029)
4.2.2 Global Photovoltaic Historic Market Size Review by Application (2018-2023)
4.2.3 Global Photovoltaic Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Photovoltaic Sales Breakdown by Application (2018-2023)
4.3.2 Europe Photovoltaic Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Photovoltaic Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Photovoltaic Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Photovoltaic Sales Breakdown by Application (2018-2023)
5 North America Photovoltaic by Country
5.1 North America Photovoltaic Historic Market Size by Country
5.1.1 North America Photovoltaic Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Photovoltaic Sales in Volume by Country (2018-2023)
5.1.3 North America Photovoltaic Sales in Value by Country (2018-2023)
5.2 North America Photovoltaic Forecasted Market Size by Country
5.2.1 North America Photovoltaic Sales in Volume by Country (2024-2029)
5.2.2 North America Photovoltaic Sales in Value by Country (2024-2029)
6 Europe Photovoltaic by Country
6.1 Europe Photovoltaic Historic Market Size by Country
6.1.1 Europe Photovoltaic Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Photovoltaic Sales in Volume by Country (2018-2023)
6.1.3 Europe Photovoltaic Sales in Value by Country (2018-2023)
6.2 Europe Photovoltaic Forecasted Market Size by Country
6.2.1 Europe Photovoltaic Sales in Volume by Country (2024-2029)
6.2.2 Europe Photovoltaic Sales in Value by Country (2024-2029)
7 Asia-Pacific Photovoltaic by Region
7.1 Asia-Pacific Photovoltaic Historic Market Size by Region
7.1.1 Asia-Pacific Photovoltaic Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Photovoltaic Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Photovoltaic Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Photovoltaic Forecasted Market Size by Region
7.2.1 Asia-Pacific Photovoltaic Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Photovoltaic Sales in Value by Region (2024-2029)
8 Latin America Photovoltaic by Country
8.1 Latin America Photovoltaic Historic Market Size by Country
8.1.1 Latin America Photovoltaic Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Photovoltaic Sales in Volume by Country (2018-2023)
8.1.3 Latin America Photovoltaic Sales in Value by Country (2018-2023)
8.2 Latin America Photovoltaic Forecasted Market Size by Country
8.2.1 Latin America Photovoltaic Sales in Volume by Country (2024-2029)
8.2.2 Latin America Photovoltaic Sales in Value by Country (2024-2029)
9 Middle East and Africa Photovoltaic by Country
9.1 Middle East and Africa Photovoltaic Historic Market Size by Country
9.1.1 Middle East and Africa Photovoltaic Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Photovoltaic Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Photovoltaic Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Photovoltaic Forecasted Market Size by Country
9.2.1 Middle East and Africa Photovoltaic Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Photovoltaic Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Kaneka
10.1.1 Kaneka Company Information
10.1.2 Kaneka Introduction and Business Overview
10.1.3 Kaneka Photovoltaic Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Kaneka Photovoltaic Products Offered
10.1.5 Kaneka Recent Development
10.2 Kyocera
10.2.1 Kyocera Company Information
10.2.2 Kyocera Introduction and Business Overview
10.2.3 Kyocera Photovoltaic Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Kyocera Photovoltaic Products Offered
10.2.5 Kyocera Recent Development
10.3 Mitsubishi Electric
10.3.1 Mitsubishi Electric Company Information
10.3.2 Mitsubishi Electric Introduction and Business Overview
10.3.3 Mitsubishi Electric Photovoltaic Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Mitsubishi Electric Photovoltaic Products Offered
10.3.5 Mitsubishi Electric Recent Development
10.4 Panasonic
10.4.1 Panasonic Company Information
10.4.2 Panasonic Introduction and Business Overview
10.4.3 Panasonic Photovoltaic Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Panasonic Photovoltaic Products Offered
10.4.5 Panasonic Recent Development
10.5 Sharp
10.5.1 Sharp Company Information
10.5.2 Sharp Introduction and Business Overview
10.5.3 Sharp Photovoltaic Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Sharp Photovoltaic Products Offered
10.5.5 Sharp Recent Development
10.6 Ja Solar
10.6.1 Ja Solar Company Information
10.6.2 Ja Solar Introduction and Business Overview
10.6.3 Ja Solar Photovoltaic Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Ja Solar Photovoltaic Products Offered
10.6.5 Ja Solar Recent Development
10.7 Jinko Solar
10.7.1 Jinko Solar Company Information
10.7.2 Jinko Solar Introduction and Business Overview
10.7.3 Jinko Solar Photovoltaic Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Jinko Solar Photovoltaic Products Offered
10.7.5 Jinko Solar Recent Development
10.8 Renesola
10.8.1 Renesola Company Information
10.8.2 Renesola Introduction and Business Overview
10.8.3 Renesola Photovoltaic Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Renesola Photovoltaic Products Offered
10.8.5 Renesola Recent Development
10.9 Suntech Power
10.9.1 Suntech Power Company Information
10.9.2 Suntech Power Introduction and Business Overview
10.9.3 Suntech Power Photovoltaic Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Suntech Power Photovoltaic Products Offered
10.9.5 Suntech Power Recent Development
10.10 Trina Solar
10.10.1 Trina Solar Company Information
10.10.2 Trina Solar Introduction and Business Overview
10.10.3 Trina Solar Photovoltaic Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Trina Solar Photovoltaic Products Offered
10.10.5 Trina Solar Recent Development
10.11 Yingli Solar
10.11.1 Yingli Solar Company Information
10.11.2 Yingli Solar Introduction and Business Overview
10.11.3 Yingli Solar Photovoltaic Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Yingli Solar Photovoltaic Products Offered
10.11.5 Yingli Solar Recent Development
10.12 Canadian Solar
10.12.1 Canadian Solar Company Information
10.12.2 Canadian Solar Introduction and Business Overview
10.12.3 Canadian Solar Photovoltaic Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Canadian Solar Photovoltaic Products Offered
10.12.5 Canadian Solar Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Photovoltaic Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Photovoltaic Industrial Chain Analysis
11.4 Photovoltaic Market Dynamics
11.4.1 Photovoltaic Industry Trends
11.4.2 Photovoltaic Market Drivers
11.4.3 Photovoltaic Market Challenges
11.4.4 Photovoltaic Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Photovoltaic Distributors
12.3 Photovoltaic Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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