Global Solar PV Systems Market 2017-2021

  • ID: 4332711
  • Report
  • Region: Global
  • 83 pages
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FEATURED COMPANIES

  • ABB
  • Chint Group
  • Delta Group
  • First Solar
  • Fronius International
  • Golden
  • MORE
About Solar PV Systems

A solar PV system, also known as a solar power system is designed to provide usable solar power by means of PVs. PVs use a semiconductor material to convert sunlight into electricity. A typical solar PV system consists of an arrangement of several components, including solar panels that absorb and convert sunlight into electricity, a solar inverter to convert the electric current from DC to AC, and other electrical accessories and cabling to set up a working solar power system. A solar PV system can range from small-scale rooftop mounted system typically utilized in residential and commercial buildings to large utility-scale ground mounted systems, which generate thousands of MW of electricity. Solar PV systems can be grid-connected or decentralized/off-grid installations in remote locations. Off-grid solar power systems can be standalone or hybrid systems coupled with other sources of energy, such as wind power.

The analysts forecast the global solar PV systems market to grow at a CAGR of 20.73% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global solar PV systems market for 2017-2021. To calculate the market size, the report considers sales of complete Solar PV system i.e. Solar PV module and BOS (inverters, racking, switches, enclosures, and others) including installation cost.

The market is divided into the following segments based on geography:
  • Americas
  • APAC
  • EMEA
The report, Global Solar PV Systems Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.

Key vendors
  • Jinko Solar
  • Trina Solar
  • SMA Solar Technology
  • Huawei Technologies
  • SUNGROW
Other prominent vendors
  • ABB
  • Canadian Solar
  • Chint Group
  • DAQO NEW ENERGY
  • Delta Group
  • Enphase Energy
  • First Solar
  • Flin Energy
  • Fronius International
  • GCL-Poly
  • Golden Concord Holdings
  • GoodWe (Jiangsu) Power Supply Technology
  • Growatt New Energy Technology
  • Hanwha Group
  • JA SOLAR
  • KACO new energy
  • Kstar New Energy
  • KYOCERA
  • Lavancha Renewable Energy
  • Luminous India
  • MICROTEK INTERNATIONAL
  • OMRON
  • Power Electronics
  • Pure Volt
  • Redback Technologies
  • Renesola
  • Risen Energy
  • Schneider Electric
  • SHANGHAI SUNVIS NEW ENERGY
  • Sharp Corporation
  • Shunfeng International Clean Energy
  • Sineng Electric
  • SolarEdge Technologies
  • SolaX Power
  • Su-Kam Power Systems
  • SunPower
  • TABUCHI ELECTRIC
  • Talesun
  • TMEIC
  • Vikram Solar
  • Voltronic Power Technology
  • Waaree Energies
  • Yingli Solar
Market drivers
  • Declining cost of solar energy
  • For a full, detailed list, view the full report
Market challenges
  • Intermittency in solar power generation
  • For a full, detailed list, view the full report
Market trends
  • Floating solar PV plant
  • For a full, detailed list, view the full report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the Key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?
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2 of 5

FEATURED COMPANIES

  • ABB
  • Chint Group
  • Delta Group
  • First Solar
  • Fronius International
  • Golden
  • MORE
PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction
  • Market outline
PART 05: Market landscape
  • Market overview
  • Market size and forecast
  • Five forces analysis
PART 06: Market segmentation by end-user
  • Global solar PV systems market by end-user
  • Global solar PV systems market by utility segment
  • Global solar PV systems market by C&I segment
  • Global solar PV systems market by residential segment
PART 07: Geographical segmentation
  • Solar PV systems market by geography
  • Solar PV systems market in APAC
  • Solar PV systems market in EMEA
  • Solar PV systems market in Americas
PART 08: Decision framework

PART 09: Drivers and challenges
  • Market drivers
  • Market challenges
PART 10: Market trends
  • Floating solar PV plant
  • Rise in investments in renewable energy
  • Emergence of microgrid and green telecom
PART 11: Vendor landscape
  • Competitive scenario
  • Other prominent vendors
PART 12: Key vendor analysis
  • Huawei Technologies
  • JinkoSolar
  • SMA Solar Technology
  • SUNGROW
  • Trina Solar
PART 13: Appendix
  • List of abbreviations
List of Exhibits
Exhibit 01: Solar power plant overview
Exhibit 02: Global solar PV systems market: Segmentation
Exhibit 03: Global solar PV systems market 2016-2021 ($ billions)
Exhibit 04: Global solar PV market 2016-2021 (GW)
Exhibit 05: Five forces analysis
Exhibit 06: Global solar PV systems market by end-user 2016 and 2021 (%)
Exhibit 07: Global solar PV systems market by end-users 2016-2021 ($ billions)
Exhibit 08: Global solar PV systems market by utility segment 2016-2021 ($ billions)
Exhibit 09: Net electricity generation by utility-scale solar in US 2007-2016 (Thousand MWh)
Exhibit 10: Global solar PV systems market by C&I segment 2016-2021 ($ billions)
Exhibit 11: Global solar PV systems market by residential segment 2016-2021 ($ billions)
Exhibit 12: Net annual electricity generation by Solar PV from residential segment in US 2014-2016 (thousand MWh)
Exhibit 13: Global solar PV systems market by geography 2016 and 2021 (%)
Exhibit 14: Global solar PV systems market by geography 2016-2021 ($ billions)
Exhibit 15: Solar PV systems market in APAC 2016-2021 ($ billions)
Exhibit 16: Solar power capacity and targets in major APAC countries
Exhibit 17: Solar PV systems market in EMEA 2016-2021 ($ billions)
Exhibit 18: Solar PV systems market in Americas 2016-2021 ($ billions)
Exhibit 19: Solar PV annual installations in US 2010-2016 (GW)
Exhibit 20: Indexed cost of solar PV system 2008-2015 (2008=100%)
Exhibit 21: Global electrification rate in 2014
Exhibit 22: Power generation pattern by 1 kW solar PV module in a day
Exhibit 23: Intermittency and its impact on power systems
Exhibit 24: Electricity generation efficiency 2015 (%)
Exhibit 25: Conversion efficiency of crystalline silicon cells (%)
Exhibit 26: Energy consumption from renewable sources in US 2010-2016 (trillion Btu)
Exhibit 27: Global crude oil price 2011-2016 ($/bbl.)
Exhibit 28: Indexed investment in global renewable energy 2006-2016 (%)
Exhibit 29: Global mobile cellular subscriptions per 100 people 2011-2015
Exhibit 30: Other prominent vendors (indicative list)
Exhibit 31: Huawei Technologies: Key products
Exhibit 32: JinkoSolar: Business segmentation
Exhibit 33: JinkoSolar: Key products
Exhibit 34: SMA Solar Technology: Business segmentation
Exhibit 35: SMA Solar Technology: Key products
Exhibit 36: SUNGROW: Key products
Exhibit 37: Trina Solar: Key products
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FEATURED COMPANIES

  • ABB
  • Chint Group
  • Delta Group
  • First Solar
  • Fronius International
  • Golden
  • MORE
New Report Released: – Global Solar PV Systems Market 2017-2021

The author of the report recognizes the following companies as the key players in the global solar PV systems market: Jinko Solar, Trina Solar, SMA Solar Technology, Huawei Technologies, and SUNGROW.

Other Prominent Vendors in the market are: ABB, Canadian Solar, Chint Group, DAQO NEW ENERGY, Delta Group, Enphase Energy, First Solar, Flin Energy, Fronius International, GCL-Poly, Golden Concord Holdings, GoodWe (Jiangsu) Power Supply Technology, Growatt New Energy Technology, Hanwha Group, JA SOLAR, KACO new energy, Kstar New Energy, KYOCERA, Lavancha Renewable Energy, Luminous India, MICROTEK INTERNATIONAL, OMRON, Power Electronics, Pure Volt, Redback Technologies, Renesola, Risen Energy, Schneider Electric, SHANGHAI SUNVIS NEW ENERGY, Sharp Corporation, Shunfeng International Clean Energy, Sineng Electric, SolarEdge Technologies, SolaX Power, Su-Kam Power Systems, SunPower, TABUCHI ELECTRIC, Talesun, TMEIC, Vikram Solar, Voltronic Power Technology, Waaree Energies, and Yingli Solar.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is Floating solar PV plant. One of the major challenges in the adoption of solar power systems is the large land space required for their installation. Countries worldwide are looking to save space while increasing the power generated from renewable sources, such as solar and wind. This has led to the increase in installation of solar panels on water bodies, such as dam reservoirs and canals.”

According to the report, one of the major drivers for this market is Declining cost of solar energy. In the past, the high cost and intermittent nature of renewables were the major hurdles to their adoption. One solution to the problem of intermittency is energy storage, which not only bridges the gap but is also used to increase the renewable energy penetration in hybrid systems. For instance, a standard PV can produce 20%-30% of power. However, with the addition of an energy storage system (battery), the power generated from solar PVs can go beyond 60%-70%.

Further, the report states that one of the major factors hindering the growth of this market is Intermittency in solar power generation. Solar power prices have been on a decline, resulting in the widespread adoption of solar PV systems. The has increased the number of solar power installations over the years. However, the intermittent nature of solar power is a major challenge. Power output from solar PVs is not constant and depends on factors, such as the efficiency of the panel, solar irradiation, and the degree of shade, which varies over the duration of the day and in overcast conditions.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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  • Jinko Solar
  • Trina Solar
  • SMA Solar Technology
  • Huawei Technologies
  • SUNGROW
  • ABB
  • Canadian Solar
  • Chint Group
  • DAQO NEW ENERGY
  • Delta Group
  • Enphase Energy
  • First Solar
  • Flin Energy
  • Fronius International
  • GCL-Poly
  • Golden
Note: Product cover images may vary from those shown
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