HOME Top Market Reports Photovoltaic Market By Type (Organic PV, Inorganic PV), Component (Crystalline Silicon PV Cells, Thin Film PV Cells, Modules, Optics, Trackers), Application (Residential, Non-Residential And Utility) & Geography Analysis and Forecasts to 2013-2020

Photovoltaic Market By Type (Organic PV, Inorganic PV), Component (Crystalline Silicon PV Cells, Thin Film PV Cells, Modules, Optics, Trackers), Application (Residential, Non-Residential And Utility) & Geography Analysis and Forecasts to 2013-2020

By: marketsandmarkets.com
Publishing Date: February 2015
Report Code: SE 3152

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Photovoltaic (PV) systems are used to convert sunlight into electricity. They are safe, reliable, incur less operating costs, and are easy to install. The growing concerns about climate change and alternative sources of energy have led to the significant growth of the photovoltaic market. Incentives and funding provided by the government towards the adoption of solar energy to generate electricity have further added to this growth. Photovoltaic market in Asia, namely China and Japan are expected to contribute largely to the growth of the PV market, globally. This is mainly attributed to the initiatives taken by the government, the key market players being located in the region, and the emergence of building-mounted and ground mounted systems along with, the on-grid segment. On the other hand, the major factor hindering the growth of this market is the demand for high quality and low priced products.

A successful PV installation provides power for over 20 years with no fuel costs and less maintenance. When compared to diesel generation in particular, PV is a cost-competitive option, especially in the current scenario where electricity and diesel prices are often high. Although PV technology is an appropriate choice for many applications in the market, high capital costs and poor installation and maintenance practices have been the limiting factors in the overall deployment of photovoltaics.

The global photovoltaic market is expected to grow at a CAGR of 18.30% between 2014 and 2020 and the overall market is estimated to be worth $89.52 billion in 2013 to $345.59 billion by 2020 In terms of application, the utility application accounted for the largest market size in 2013 at 57%. The utility application is expected to hold the major market share and is also likely to grow at the highest CAGR during the forecast period. The main reason behind this would be the growing usage of photovoltaics in power plants, military applications, and other utility applications such as space & defence, industrial projects, and so on.

The major players in global photovoltaics market are Kaneka Corporation (Japan), Kyocera Corporation (Japan), Mitsubishi Electric Corporation (Japan), Panasonic Corporation (Japan), Sharp Corporation (Japan), JA solar Co. Ltd (China), Jinko Solar (China), ReneSola Co. Ltd (China), Suntech Power Holdings Co. Ltd (China), Trina Solar (China), Yingli Green (China), and Canadian Solar (Canada) among others.

The report provides a detailed insight regarding the current market and identifies the key trends pertaining to the various segments of the market, with in-depth quantitative and qualitative information. The report segments the global photovoltaic market on the basis of type, component, application, and geography. Furthermore, it comprises revenue forecasts and trend analysis with respect to the market’s time-line. The market has been segmented into the following:

Market by Types:
The market by type for global photovoltaics market is segmented into Organic photovoltaic and Inorganic photovoltaic.

Market by Components:
The market by component for global photovoltaic market is segmented into cells which have been further bifurcated into crystalline silicon PV cells and thin film PV cells along with, Modules, Tracker, and Optics.

Market by Applications:
The market by application for global photovoltaics market is segmented into Utility which has been bifurcated into power plant application, military application, and others (space and defence, industrial projects and so on) along with, Residential, and Non-residential.

Market by Geography:
The report discusses the global photovoltaic market in four major regions namely: North America, Europe, Asia–Pacific, and Rest of the World (RoW). Geographical analysis in the report contains the in-depth classification of the market into the U.S., Canada and others for North America, U.K., Germany, Italy, and others for Europe, and China, Japan, and others for Asia-Pacific, and Latin America, Middle East & Africa, and others for the RoW.

The report also identifies the drivers, restraints, opportunities, current market trends, winning imperatives, and burning issues related to the global photovoltaic market. Apart from the market segmentation, the report also includes the critical market data and qualitative information for each component type along with qualitative analysis such as the Porter’s Five Forces analysis, market time-line analysis, market investment analysis, industry breakdown analysis, and value chain analysis.

Market Segments And Aspects Covered:

The figure below entails the aspects covered in the photovoltaics market report.

Figure 1 Photovoltaic Market – Market Aspects Covered

Photovoltaics Market

Table of Contents 
 
1 Introduction (Page No. - 15)
    1.1 Objectives of The Study
    1.2 Market Definition
    1.3 Study Scope
            1.3.1 Markets Covered
            1.3.2 Market By Types
            1.3.3 Market By Components
            1.3.4 Market By Application
            1.3.5 Geographic Scope
    1.4 Years Considered For The Study
    1.5 Currency
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Factor Analysis
            2.1.1 Introduction
            2.1.2 Demand Side Analysis
    2.2 Market Size Estimation
            2.3 Market Breakdown & Data Triangulation
    2.4 Market Share Estimation
            2.4.1 Key Data From Secondary Sources
            2.4.2 Key Data From Primary Sources
                    2.4.2.1 Key industry insights
            2.4.3 Assumptions

3 Executive Summary (Page No. - 31)

4 Premium insights (Page No. - 35)
    4.1 Attractive Market Opportunities in The Photovoltaic Market
    4.2 Photovoltaic Market – Major Applications
    4.3 Photovoltaic Market – By Application
    4.4 China Holds The Major Share in The Photovoltaic Market
    4.5 APAC Commands Nearly Half of The Total Photovoltaics Market Share
    4.6 Photovoltaics Market: Thin Film Photovoltaics Market (2014 – 2020)
    4.7 Major Countries in The Photovoltaic Market
    4.8 Global Photovoltaic Market, By Type -2020
    4.9 Life Cycle Analysis, By Geography

5 Market insights into The Chinese And Japanese Market (Page No. - 42)
    5.1 APAC Photovoltaic Market, Comparison of The Chinese And Japanese Market Shares (2013 And 2020)
    5.2 APAC Annual Photovoltaic installation capacity, Comparison Between 2013 And 2020
    5.3 Comparison of Japanese And Chinese Photovoltaic Market Growth – Between 2013 And 2020
    5.4 Comparison of Japanese And Chinese Annual PV installation Capacity– Between 2013 And 2020
    5.5 Quarterly Shipment of Photovoltaic Modules in Japan: Quarterwise Overview in 2013
    5.6 China’s Import of Crystaline Silicon PV : Overview of The Past Three Years

6 Market Overview (Page No. - 45)
    6.1 Introduction
    6.2 Evolution
    6.3 Market Segmentation
            6.3.1 By Type
            6.3.2 By Component
            6.3.3 By Application
            6.3.4 By Geography
    6.4 Market Dynamics
            6.4.1 Drivers
                    6.4.1.1 Supportive Government Policies And initiatives
                    6.4.1.2 increasing Demand For Solar Systems in Residential Applications
            6.4.2 Restraints
                    6.4.2.1 High Cost of installation, Storage, And Power Conversion Devices
                    6.4.2.2 inadequate Number of Certified installers
            6.4.3 Opportunities
                    6.4.3.1 Decreasing Costs of Solar Systems And Energy Storage Devices
                    6.4.3.2 increasing Prices of Fossil Fuels
            6.4.4 Challenge
                    6.4.4.1 Availability of Operational Land
    6.5 Market Overview: Chinese Market
            6.5.1 Drivers
                    6.5.1.1 High Demand For Energy
                    6.5.1.2 Huge Volume of Export Market
    6.6 Market Overview: Japanese Market
            6.6.1 Drivers
                    6.6.1.1 Government Promotion Policy
                    6.6.1.2 Closure of Nuclear Plants

7 Industry Trends (Page No. - 56)
    7.1 Introduction
    7.2 Value Chain Analysis
    7.3 Porter’s Five Forces Analysis
            7.3.1 Buyer’s Bargaining Power
            7.3.2 Threat From Substitutes
            7.3.3 Suppliers Bargaining Power
            7.3.4 Threat From New Entrants
            7.3.5 Degree of Competition
    7.4 Strategic Benchmarking
            7.4.1 Tactical Steps For Market Growth

8 Photovoltaic Market By Type (Page No. - 65)
    8.1 Introduction
    8.2 Organic PV 
    8.3 inorganic PV 

9 Photovoltaic Market By Component (Page No. - 72)
    9.1 Introduction
    9.2 Cells
            9.2.1 Crystalline Silicon PV Cells
                    9.2.1.1 Monocrystalline Silicon PV Cells
                    9.2.1.2 Multicrystalline Silicon PV Cells
            9.2.2 Thin Film PV  Cells
                    9.2.2.1 Amorphous Silicon (A-Si) Thin Film PV Cells
                    9.2.2.2 Cadmium Telluride (CDTE) Thin Film PV Cells
                    9.2.2.3 Ucopper indium (Gallium) Diselenide (Cis Or Cigs) Thin Film PV Cells
                    9.2.2.4 Uother Thin Film PV Cells
    9.3 Optics
    9.4 Trackers

10 Photovoltaic Market By Application (Page No. - 96)
    10.1 Introduction
    10.2 Residential Applications
    10.3 Non-Residential Applications
    10.4 Utility Applications
            10.4.1 Power Plants Applications
            10.4.2 Military & Space Applications

11 Market By Geography (Page No. - 103)
    11.1 Introduction
    11.2 North America
            11.2.1 U.S.
            11.2.2 Canada
            11.2.3 Others
    11.3 Europe
            11.3.1 U.K.
            11.3.2 France
            11.3.3 Germany
            11.3.4 Italy
            11.3.5 Others
    11.4 Asia-Pacific
            11.4.1 Japan
            11.4.2 China
            11.4.3 Others
    11.5 Rest of World (ROW)
            11.5.1 Middle East & Africa
            11.5.2 Latin America
            11.5.3 Others

12 Competitive Landscape (Page No. - 126)
      12.1 Overview
      12.2 Market Share Analysis, Photovoltaics Market (2013)
      12.3 Competitive Situation And Trends
                  12.3.1 New Product Launches/New Product Developments
                  12.3.2 Partnerships, Contract, Agreements, Joint Ventures, And Collaborations
                  12.3.3 Mergers And Acquisitions
                  12.3.4 Expansions
                  12.3.5 Other Developments

13 Company Profiles (Overview, Products And Services, Financials, Strategy & Development)*  (Page No. - 135)
      13.1 Introduction
      13.2 Japanese Photovoltaic Players
                  13.2.1 Kaneka Corporation
                  13.2.2 Kyocera Corporation
                  13.2.3 Mitsubishi Electric Corporation
                  13.2.4 Panasonic Corporation
                  13.2.5 Sharp Corporation
      13.3 Chinese Photovoltaic Players
                  13.3.1 Ja Solar Co. Ltd
                  13.3.2 Jinko Solar
                  13.3.3 Renesola Co. Ltd
                  13.3.4 Suntech Power Holdings Co. Ltd
                  13.3.5 Trina Solar
                  13.3.6 Yingli Green
      13.4 Other Photovoltaic Player
                  13.4.1 Canadian Solar inc.
*Details On Overview, Products And Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies. 

14 Appendix (Page No. - 173)
      14.1 Insights of industry Experts
      14.2 Discussion Guide
      14.3 introducing Rt: Real Time Market intelligence
      14.4 Available Customizations
      14.5 Related Reports
 
 
List of Tables  (81 Tables) 

Table 1 Supportive Government Policies And initiatives Are Driving The PV  Market
Table 2 High Cost of PV  Devices And Supportive Systems is The Major Restraint in The PV  Market
Table 3 Declining Photovoltaic System Costs Are Creating An Opportunity in The Market
Table 4 Availability of Operative Land is Posing As A Challenge in The PV  Market
Table 5 Global Photovoltaic Market Size, 2013-2020 ($Billion And Mw)
Table 6 Global Photovoltaic Market, Annual installation CAPACity Vs Cumulative installation CAPACity, 2013-2020 (in Mw)
Table 7 Global Photovoltaic Market, Annual installation CAPACity Vs Cumulative installation CAPACity, 2013-2020 (Year-On-Year Growth)
Table 8 Global PV Market Size, By Type, 2013-2020 ($Billion)
Table 9 Global PV Market, Annual installation CAPACity, By Type, 2013-2020 (in Mw) 
Table 10 Organic Photovoltaic: Global PV Market Size, By Application, 2013-2020 ($Billion)
Table 11 Organic PV: Global PV Market, Annual installation CAPACity, By Application 2013-2020 (in Mw) 
Table 12 Inorganic Photovoltaic: Global PV Market, By Application, 2013-2020 ($Billion)
Table 13 Inorganic PV: Global PV Market, Annual installation CAPACity, By Application, 2013-2020 (in Mw) 
Table 14 Global Photovoltaic Market Size, By Type, 2013-2020 ($Billion And Mw)
Table 15 Global PV Market, Annual installation CAPACity, By Type, 2013-2020 (Year-On-Year Growth) 
Table 16 Cells: Global Photovoltaic Market Size, By Type, 2013-2020 ($Billion)
Table 17 Cells: Global PV Market, Annual installation CAPACity, By Type, 2013-2020 (in Mw) 
Table 18 Crystalline Silicon: Global PV Market Size, By Type, 2013-2020 ($Billion)
Table 19 Crystalline Silicon: Global PV Market, Annual installation CAPACity, By Type, 2013-2020 (in Mw) 
Table 20 Thin Film: Global Photovoltaic Market Size, By Type, 2013-2020 ($Billion)
Table 21 Thin Film: Global PV Market, Annual installation CAPACity, By Type, 2013-2020 (in Mw) 
Table 22 Crystalline Silicon Cells: Global PV Market Size, By Geography, 2013-2020 ($Billion) 
Table 23 Crystalline Silicon Cells: Global PV Market, Annual installation CAPACity, By Geography, 2013-2020 (in Mw)
Table 24 Thin Film Cells: Global Photovoltaic Market Size, By Geography, 2013-2020 ($Billion) 
Table 25 Thin Film Cells: Global PV Market Size, Annual installation CAPACity, By Geography, 2013-2020 (in Mw) 
Table 26 Other PV  Cells: Global Photovoltaic Market Size, By Geography, 2013-2020 ($Billion) 
Table 27 Other PV  Cells: Global PV Market, Annual installation CAPACity, By Geography, 2013-2020 (in Mw) 
Table 28 Amorphous Silicon Cells: Global PV Market Size, By Geography, 2013-2020 ($Billion) 
Table 29 Amorphous Silicon Cells: Global PV Market, Annual installation CAPACity, By Geography, 2013-2020 (in Mw)
Table 30 CDTE Cells: Global Photovoltaic Market Size, By Geography, 2013-2020 ($Billion)
Table 31 CDTE Cells: Global PV Market, Annnual installation CAPACity, By Geography, 2013-2020 (in Mw) 
Table 32 CIS/CIGS Cells: Global Photovoltaic Market Size, By Geography, 2013-2020 ($Billion)
Table 33 CIS/CIGS Cells: Global PV Market, Annual installation CAPACity, By Geography, 2013-2020 (in Mw) 
Table 34 Other Thin Film Cells: Global Photovoltaic Market Size, By Geography, 2013-2020 ($Billion) 
Table 35 Other Thin Film Cells: Global PV  Market, Annual installation CAPACity, By Geography, 2013-2020 (in Mw) 
Table 36 Global Photovoltaic Market Size, By Type, 2013-2020 ($Billion And Mw)
Table 37 Global PV Market, Annual installation CAPACity, By Type, 2013-2020 (Year-On-Year Growth) 
Table 38 Global PV Market Size, By Application, 2013-2020 ($Billion)
Table 39 Global PV Market, Annual installation CAPACity, By Application, 2013-2020 (in Mw) 
Table 40 Utility: Global Photovoltaic Market Size, By Sub-Application, 2013-2020 ($Billion)
Table 41 Utility: Global PV Market Size, Annual installation CAPACity, By Sub-Application, 2013-2020 (in Mw) 
Table 42 Utility: Global PV Market Size, By Power Plant Application, 2013-2020 ($Billion) 
Table 43 Utility: Global PV Marekt Size, By Millitary Application, 2013-2020 ($Billion) 
Table 44 Utility: Global PV Market, By Other Application, 2013-2020 ($Billion)
Table 45 Global Photovoltaic Market Size, By Geography, 2013-2020 ($Billion)
Table 46 Global PV Market, Annual installation CAPACity, By Geography, 2013-2020 (in Mw) 
Table 47 Global PV Market, Cumulative Market installation CAPACity, By Geography, 2013-2020 (in Mw) 
Table 48 Global PV Modules Market, Average Selling Prices, By Geography, 2013-2020 ($/Watt) 
Table 49 North America Global Photovoltaic Market Size, By Country, 2013-2020 ( $Billion)
Table 50 North America: Global PV Market, Annual installation CAPACity, 2013-2020 (in Mw) 
Table 51 North America: Global PV Market Size, By Thin Film Cells, 2013-2020 ($Billion) 
Table 52 North America: Global PV Market, Annual installation CAPACity, By Thin Film Cells, 2013-2020 (in Mw) 
Table 53 Europe Global Photovoltaic Market Size, By Country, 2013-2020 ($Billion)
Table 54 Europe: Global PV Market, Annual installation CAPACity, By Country, 2013-2020 (in Mw) 
Table 55 Europe: Global PV Market Size, By Thin Film Cells, 2013-2020 ($Billion)
Table 56 Europe: Global PV Market, Annual installation CAPACity, By Thin Film Cells, 2013-2020 (in Mw) 
Table 57 APAC Global Photovoltaic Market Size, By Country, 2013-2020 ($Billion)
Table 58 APAC: Global PV Market, Annual installation CAPACity, By Country, 2013-2020 (in Mw) 
Table 59 APAC: Global PV Market Size, By Thin Film Cells, 2013-2020 ($Billion)
Table 60 APAC: Global PV Market, Annual installation CAPACity, By Thin Film Cells, 2013-2020 (in Mw)
Table 61 ROW: Global Photovoltaic Market Size, By Country, 2013-2020 ($Billion)
Table 62 ROW: Global PV Market, Annual installation CAPACity, By Country, 2013-2020 (in Mw) 
Table 63 ROW: Global PV Market Size, By Thin Film Cells, 2013-2020 ($Billion)
Table 64 ROW: Global PV Market, Annual installation CAPACity, By Thin Film Cells, 2013-2020 (in Mw)
Table 65 New Product Launches, 2011–2014
Table 66 Partnerships, Contract, Agreements , And Joint Ventures
Table 67 Mergers And Acquisitions
Table 68 Expansions
Table 69 Other Developments
Table 70 Major Strategies Adopted By Kaneka
Table 71 inorganic Growth Strategies Majorly Adopted By Kyocera
Table 72 New Product Development is The Major Strategy Adopted By Mitsubishi
Table 73 New Product Development is Major Strategy Adopted By Panasonic Corp. 
Table 74 Agreements And Participation in Exhibition is Major Development Strategy For Sharp Corp.
Table 75 Major Strategies Adopted By Ja Solar
Table 76 Agreements is Major Development Strategy Adopted By Jinko Solar
Table 77 Agreements And Certification is The Major Development Strategy Adopted By Renesola
Table 78 inorganic Growth Strategies Majorly Adopted By Suntech
Table 79 Agreements And Acquisition is Major Development Strategy For Trina Solar 
Table 80 Agreements And Contracts Comprise The Major Development Strategy For Yingly 
Table 81 Agreements is Major Development Strategy Adopted By Canadian Solar
 
List of Figures   (91 Figures)    
  
Figure 1 Markets Covered
Figure 2 Photovoltaic Market Research Methodology
Figure 3 increasing Co2 Levels Causing Global Warming And Climate Change
Figure 4 Decreasing Fossil Fuel Reserves: A Real Concern
Figure 5 Increasing Electricity Prices: Snapshot of increase in Average Electricity Prices Per Unit in U.S. Between 1990 And 2013
Figure 6 Market Size Estimation Methodology: Bottom-Up Approach
Figure 7 Market Size Estimation Methodology: Top-Down Approach
Figure 8 Break Down of Primary interviews: By Company Type, By Designation, And By Region 
Figure 9 Market Break Down And Data Triangulation
Figure 10 Photovoltaics Market Snapshot (2013 Vs 2020): Market For Utility Application Likely To Lead The Market By 2020
Figure 11 Photovoltaics Market, By Type, 2014
Figure 12 Global Photovoltaic Market Share, By Region - 2014
Figure 13 Global Market Application Market
Figure 14 Global Market Type Market
Figure 15 Growing Government Support is Majorly Driving The Photovoltaic Market
Figure 16 Utility To Grow at The Fastest Rate Among Other Applications in The Photovoltaics Market
Figure 17 Utility Application Captured The Major Share in The Photovoltaic Market
Figure 18 China is The Largest Share Holder in The Photovoltaics Market
Figure 19 APAC Holds The Lion’s Share in The Overall Photovoltaic Market
Figure 20 APAC To Hold The Major Share in The Thin Film Photovoltaic Market During The Forecast Period
Figure 21 China Occupies The Major Share of The Market – Japan is Expected To GrowAt The Higest Growth Rate
Figure 22 Inorganic Photovoltaics Type Holds The Major Share of The Photovoltaic Market
Figure 23 Europe Market Enters Maturity Stage - Life Cycle Analysis, By Geographic Region 
Figure 24 Photovoltaic Market: Evolution
Figure 25 Market By Type
Figure 26 Market By Component
Figure 27 Market By Application
Figure 28 Market By Geography
Figure 29 Government Support For Soalr System installations is Driving The PV  Market
Figure 30 Drivers For The Japanese PV  Market
Figure 31 PV  Market: Value Chain Analysis
Figure 32 Porters Five Forces Analysis: Photovoltaic Market
Figure 33 Buyers’ Bargaining Power: PV  Market, 2014
Figure 34 Threat From Subsitutes: Photovoltaic Market, 2014
Figure 35 Suppliers Bargaining Power: Photovoltaic Market, 2014
Figure 36 Threat From New Entrants: PV Market, 2014
Figure 37 Degree of Competition: Photovoltaic Market, 2014
Figure 38 Strategic Benchmarking: Companies in The PV  Market Are Setting Benchmarks By Signing And Entering into Contracts, Agreements, And Joint Ventures
Figure 39 Photovoltaic Market, By Type
Figure 40 Inorganic Photovoltaic is Expected To Hold The Major Market Sahre Till 2020
Figure 41 Utility Application Likely To Dominate The Organic Photovoltaic Market During The Forecast Period
Figure 42 Utility Application Likely To Dominate The inorganic Photovoltaic Market During The Forecast Period
Figure 43 Market By Component
Figure 44 Thin Film PV  Cell is Expected To Grow at The Highest Rate Between 2014 And 2020 
Figure 45 Multicrystalline Silicon PV  Cell To Hold The Major Market Share
Figure 46 Types of Thin Film Photovoltaic Modules
Figure 47 Dro For Amorphous Silicon (A-Si) Thin Film Photovoltaic Cells
Figure 48 Dro For Cadmium Telluride (CDTE) Thin Film Photovoltaic Cells
Figure 49 Dro For Ucopper indium (Gallium) Diselenide (Cis Or Cigs) Thin Film PV  Cells 
Figure 50 Amorphous Silicon is Expected To Dominate Thin Film PV  Market During The Forecast Period
Figure 51 APAC is Expected To Lead Crystalline Silicon Cell Photovoltaic Market During The Forecast Period
Figure 52 APAC is Expected To Lead Thin Film Cell Photovoltaic Market During The Forecast Period
Figure 53 APAC is Expected To Lead The Other Photovoltaic Cell Market During The Forecast Period
Figure 54 APAC is Expected To Lead The Amorphous Silicon Cells Market During The Forecast Period
Figure 55 APAC is Expected To Lead CDTE Cells Market During The Forecast Period
Figure 56 APAC is Expected To Lead The CIS/CIGS Cells Market During The Forecast Period
Figure 57 APAC is Expected To Lead The Other Thin Film Cells Market During The Forecast Period
Figure 58 Classification of Solar Trackers
Figure 59 PV  Market, By Application
Figure 60 Utility Application is Expected To Hold The Major Market Share Till 2020
Figure 61 Power Plant Application is Expected To Grow At The Highest Rate Between 2014 And 2020
Figure 62 Photovoltaic Maket, By Geography
Figure 63 PV  Market: Geographic Snapshot (2013)
Figure 64 APAC Likely To Hold The Major Market Share Among Other Regions
Figure 65 U.S. Likely To Command The Major Market Share Till 2020
Figure 66 CIS/CIGS is Expected To Grow At The Highest Rate in North America
Figure 67 European Photovoltaic Market: Overview 2013
Figure 68 Germany Likely To Account For The Major Photovoltaic Market Share in Europe
Figure 69 Amorphous Silicon is Expected To Hold The Major Market Share in Europe
Figure 70 APAC Photovoltaic Market: Overview
Figure 71 China Likely To Dominate The Photovoltaic Market Till 2020
Figure 72 CIS/CIGS is Expected To Grow At The Highest Rate in APAC
Figure 73 Latin America is Expected To Grow At Highest Rate Between 2014 And 2020 
Figure 74 CIS/CIGS is Expected To GrowAt The Highest Rate in ROW
Figure 75 Companies Adopted Agreements And Contracts As The Key Growth Strategy (2012-2014)
Figure 76 Jinko Solar Registered The Highest Growth Rate, Followed By Yingli Solar Between 2011 And 2013 
Figure 77 Photovoltaic Market Share, By Key Player, 2014
Figure 78 Market Evolution Framework- increasing Number of Agreements And Contracts Has Fueled Growth And innovation
Figure 79 Battle For Market Share: Partnerships, Contract Agreements, Joint Ventures, And Collaborations Was The Key Strategy
Figure 80 Geographic Revenue Mix of Top 5 Market Players
Figure 81 Competitive Benchmarking of Key Market Players (2011-2013): Jinko Solar Leads With The Highest Cagr Related Revenue Growth For The Past 3 Years
Figure 82 Kaneka Corporation: Company Sanpshot
Figure 83 Kyocera Corporation: Company Snapshot
Figure 84 Mitsubishi Electric Corporation: Company Snapshot
Figure 85 Mitsubishi Electric Corporation: Swot Analysis
Figure 86 Panasonic Corporation: Company Snapshot
Figure 87 Panasonic Corporation: Swot Analysis
Figure 88 Sharp Corporation: Company Snapshot
Figure 89 Sharp Corporation: Swot Analysis
Figure 90 Ja Solar Co. Ltd: Business Overview
Figure 91 Jinko Solar: Company Snapshot
Figure 92 Renesola Co. Ltd: Company Snapshot

Photovoltaic systems play a vital role in the energy industry and are expected to be widely utilized in various applications ranging from telecommunications towers to residential areas in the coming years. Solar photovoltaic electricity is being utilized as it requires minimum system maintenance, reduces the operating and maintenance costs, and is pollution-free. The PV market is observed to be growing at a rapid pace over the past few years. This is mainly attributed to the rising demand for energy, support extended by the government, and the growing concern regarding environment.

The growth of the photovoltaic market is propelled by the growing energy costs and changes in climatic conditions. Furthermore, the growing importance of renewable and environmental friendly energy sources such as solar PV technology is driving the growth of this market. The photovoltaic market is also witnessing continuous advancements with respect to materials used in the manufacturing of photovoltaic components and techniques. Initially Europe was the largest and one of the most promising markets for PV, but currently it is at the second position due to various factors such as the 2012 European crisis which has resulted in reduced funding activities by governments and decline in the market expansion initiatives being undertaken by the players in the region. Currently, the major market share is occupied by the APAC region, primarily by China and Japan. This is due to the presence of the major industry players in the region and growing investment activity.

The photovoltaics technology encompasses the process which includes the conversion of solar energy into direct current electricity. The various components that play a vital role in this market comprise cells, modules, optics, and tracker. The global photovoltaics market can be bifurcated into two major types namely; organic photovoltaic and inorganic photovoltaic.

This report describes the market trends and challenges pertaining to the global photovoltaics market and forecasts the market till 2020, based on component, type, application, and geography. It covers geographies such as North America, Europe, APAC, and RoW (Rest of the World). The report also features a detailed competitive landscape along with, the identification of the key players with respect to the photovoltaic market, an in-depth market share analysis with individual share, and market share rankings. The sections and sub-segments in the report would contain drivers, restraints, opportunities, and current market trends, with respect to the photovoltaics market.

The major players in the global photovoltaic market are Kaneka Corporation (Japan), Kyocera Corporation (Japan), Mitsubishi Electric Corporation (Japan), Panasonic Corporation (Japan), Sharp Corporation (Japan), JA Solar Co. Ltd (China), Jinko Solar (China), ReneSola Co. Ltd (China), Suntech Power Holdings Co. Ltd (China), Trina Solar (China), Yingli Green (China), and Canadian Solar (Canada) among others.

Key Take Aways:
In this report, the global photovoltaic market is fully segmented into the following categories and the industry trends have been covered based on the following aspects:

Total Markets: Global photovoltaic market – Parent Market, Child/Sub-Markets, Related Markets, Complementary Markets (with sub-segmentation), Total Addressable Market (TAM), and Market Penetration of photovoltaics technology.  

Related Markets:

  • Market by Type
  • Market by Component
  • Market by Application
  • Market by Geography

Competitive Landscape: Market share analysis of the various players in the global photovoltaics market.

Company profiles: Profiling of the 12 major photovoltaic market players (business overview, financials, recent developments and key strategy)

Photovoltaics Market(2013-2020)

Photovoltaics Market

Source: Markets and Markets Analysis

The global photovoltaics market is expected to grow at CAGR of 18.30% between 2014 and 2020. The utility application is the major application in the global photovoltaic market, followed by non-residential applications. In geographic analysis, APAC has been observed to be the market leader followed by Europe.

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