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Solar PV Systems - Global Market Trajectory & Analytics

  • ID: 5140132
  • Report
  • September 2020
  • Region: Global
  • 179 pages
  • Global Industry Analysts, Inc
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Global Solar PV Systems Market to Reach $2.3 Trillion by 2027

Amid the COVID-19 crisis, the global market for Solar PV Systems estimated at US$824.6 Billion in the year 2020, is projected to reach a revised size of US$2.3 Trillion by 2027, growing at a CAGR of 15.6% over the analysis period 2020-2027. Utility, one of the segments analyzed in the report, is projected to record a 13.2% CAGR and reach US$895.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the C&I segment is readjusted to a revised 18.9% CAGR for the next 7-year period.

The U. S. Market is Estimated at $223 Billion, While China is Forecast to Grow at 19.5% CAGR

The Solar PV Systems market in the U. S. is estimated at US$223 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$496.8 Billion by the year 2027 trailing a CAGR of 19.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.3% and 14.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 13.3% CAGR.

Residential Segment to Record 15.9% CAGR

In the global Residential segment, USA, Canada, Japan, China and Europe will drive the 15.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$173.5 Billion in the year 2020 will reach a projected size of US$468 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$325.9 Billion by the year 2027, while Latin America will expand at a 17.1% CAGR through the analysis period. We bring years of research experience to this 6th edition of our report. The 179-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:
  • Canadian Solar, Inc.
  • Hanwha Group
  • Ja Solar Co. Ltd.
  • Jinko Solar
  • Trina Solar Ltd.
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Global Competitor Market Shares
  • Solar PV Systems Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: Solar PV Systems Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
  • TABLE 2: Solar PV Systems Global Retrospective Market Scenario in US$ Million by Region/Country: 2012-2019
  • TABLE 3: Solar PV Systems Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
  • TABLE 4: Utility (End-Use) Global Opportunity Assessment in US$ Million by Region/Country: 2020-2027
  • TABLE 5: Utility (End-Use) Historic Sales Analysis in US$ Million by Region/Country: 2012-2019
  • TABLE 6: Utility (End-Use) Percentage Share Breakdown of Global Sales by Region/Country: 2012 VS 2020 VS 2027
  • TABLE 7: C&I (End-Use) Worldwide Sales in US$ Million by Region/Country: 2020-2027
  • TABLE 8: C&I (End-Use) Historic Demand Patterns in US$ Million by Region/Country: 2012-2019
  • TABLE 9: C&I (End-Use) Market Share Shift across Key Geographies: 2012 VS 2020 VS 2027
  • TABLE 10: Residential (End-Use) Global Market Estimates & Forecasts in US$ Million by Region/Country: 2020-2027
  • TABLE 11: Residential (End-Use) Retrospective Demand Analysis in US$ Million by Region/Country: 2012-2019
  • TABLE 12: Residential (End-Use) Market Share Breakdown by Region/Country: 2012 VS 2020 VS 2027
III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES
  • Market Facts & Figures
  • US Solar PV Systems Market Share (in %) by Company: 2019 & 2025
  • Market Analytics
  • TABLE 13: United States Solar PV Systems Latent Demand Forecasts in US$ Million by End-Use: 2020 to 2027
  • TABLE 14: Solar PV Systems Historic Demand Patterns in the United States by End-Use in US$ Million for 2012-2019
  • TABLE 15: Solar PV Systems Market Share Breakdown in the United States by End-Use: 2012 VS 2020 VS 2027
CANADA
  • TABLE 16: Canadian Solar PV Systems Market Quantitative Demand Analysis in US$ Million by End-Use: 2020 to 2027
  • TABLE 17: Solar PV Systems Market in Canada: Summarization of Historic Demand Patterns in US$ Million by End-Use for 2012-2019
  • TABLE 18: Canadian Solar PV Systems Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
JAPAN
  • TABLE 19: Japanese Demand Estimates and Forecasts for Solar PV Systems in US$ Million by End-Use: 2020 to 2027
  • TABLE 20: Japanese Solar PV Systems Market in US$ Million by End-Use: 2012-2019
  • TABLE 21: Solar PV Systems Market Share Shift in Japan by End-Use: 2012 VS 2020 VS 2027
CHINA
  • TABLE 22: Chinese Demand for Solar PV Systems in US$ Million by End-Use: 2020 to 2027
  • TABLE 23: Solar PV Systems Market Review in China in US$ Million by End-Use: 2012-2019
  • TABLE 24: Chinese Solar PV Systems Market Share Breakdown by End-Use: 2012 VS 2020 VS 2027
EUROPE
  • Market Facts & Figures
  • European Solar PV Systems Market: Competitor Market Share Scenario (in %) for 2019 & 2025
  • Market Analytics
  • TABLE 25: European Solar PV Systems Market Demand Scenario in US$ Million by Region/Country: 2020-2027
  • TABLE 26: Solar PV Systems Market in Europe: A Historic Market Perspective in US$ Million by Region/Country for the Period 2012-2019
  • TABLE 27: European Solar PV Systems Market Share Shift by Region/Country: 2012 VS 2020 VS 2027
  • TABLE 28: European Solar PV Systems Addressable Market Opportunity in US$ Million by End-Use: 2020-2027
  • TABLE 29: Solar PV Systems Market in Europe: Summarization of Historic Demand in US$ Million by End-Use for the Period 2012-2019
  • TABLE 30: European Solar PV Systems Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
FRANCE
  • TABLE 31: Solar PV Systems Quantitative Demand Analysis in France in US$ Million by End-Use: 2020-2027
  • TABLE 32: French Solar PV Systems Historic Market Review in US$ Million by End-Use: 2012-2019
  • TABLE 33: French Solar PV Systems Market Share Analysis: A 17-Year Perspective by End-Use for 2012, 2020, and 2027
GERMANY
  • TABLE 34: Solar PV Systems Market in Germany: Annual Sales Estimates and Forecasts in US$ Million by End-Use for the Period 2020-2027
  • TABLE 35: German Solar PV Systems Market in Retrospect in US$ Million by End-Use: 2012-2019
  • TABLE 36: Solar PV Systems Market Share Distribution in Germany by End-Use: 2012 VS 2020 VS 2027
ITALY
  • TABLE 37: Italian Demand for Solar PV Systems in US$ Million by End-Use: 2020 to 2027
  • TABLE 38: Solar PV Systems Market Review in Italy in US$ Million by End-Use: 2012-2019
  • TABLE 39: Italian Solar PV Systems Market Share Breakdown by End-Use: 2012 VS 2020 VS 2027
UNITED KINGDOM
  • TABLE 40: United Kingdom Demand Estimates and Forecasts for Solar PV Systems in US$ Million by End-Use: 2020 to 2027
  • TABLE 41: United Kingdom Solar PV Systems Market in US$ Million by End-Use: 2012-2019
  • TABLE 42: Solar PV Systems Market Share Shift in the United Kingdom by End-Use: 2012 VS 2020 VS 2027
SPAIN
  • TABLE 43: Spanish Solar PV Systems Market Quantitative Demand Analysis in US$ Million by End-Use: 2020 to 2027
  • TABLE 44: Solar PV Systems Market in Spain: Summarization of Historic Demand Patterns in US$ Million by End-Use for 2012-2019
  • TABLE 45: Spanish Solar PV Systems Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
RUSSIA
  • TABLE 46: Russian Solar PV Systems Latent Demand Forecasts in US$ Million by End-Use: 2020 to 2027
  • TABLE 47: Solar PV Systems Historic Demand Patterns in Russia by End-Use in US$ Million for 2012-2019
  • TABLE 48: Solar PV Systems Market Share Breakdown in Russia by End-Use: 2012 VS 2020 VS 2027
REST OF EUROPE
  • TABLE 49: Rest of Europe Solar PV Systems Addressable Market Opportunity in US$ Million by End-Use: 2020-2027
  • TABLE 50: Solar PV Systems Market in Rest of Europe: Summarization of Historic Demand in US$ Million by End-Use for the Period 2012-2019
  • TABLE 51: Rest of Europe Solar PV Systems Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
ASIA-PACIFIC
  • TABLE 52: Asia-Pacific Solar PV Systems Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
  • TABLE 53: Solar PV Systems Market in Asia-Pacific: Historic Market Analysis in US$ Million by Region/Country for the Period 2012-2019
  • TABLE 54: Asia-Pacific Solar PV Systems Market Share Analysis by Region/Country: 2012 VS 2020 VS 2027
  • TABLE 55: Solar PV Systems Quantitative Demand Analysis in Asia-Pacific in US$ Million by End-Use: 2020-2027
  • TABLE 56: Asia-Pacific Solar PV Systems Historic Market Review in US$ Million by End-Use: 2012-2019
  • TABLE 57: Asia-Pacific Solar PV Systems Market Share Analysis: A 17-Year Perspective by End-Use for 2012, 2020, and 2027
AUSTRALIA
  • TABLE 58: Solar PV Systems Market in Australia: Annual Sales Estimates and Forecasts in US$ Million by End-Use for the Period 2020-2027
  • TABLE 59: Australian Solar PV Systems Market in Retrospect in US$ Million by End-Use: 2012-2019
  • TABLE 60: Solar PV Systems Market Share Distribution in Australia by End-Use: 2012 VS 2020 VS 2027
INDIA
  • TABLE 61: Indian Solar PV Systems Market Quantitative Demand Analysis in US$ Million by End-Use: 2020 to 2027
  • TABLE 62: Solar PV Systems Market in India: Summarization of Historic Demand Patterns in US$ Million by End-Use for 2012-2019
  • TABLE 63: Indian Solar PV Systems Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
SOUTH KOREA
  • TABLE 64: Solar PV Systems Market in South Korea: Recent Past, Current and Future Analysis in US$ Million by End-Use for the Period 2020-2027
  • TABLE 65: South Korean Solar PV Systems Historic Market Analysis in US$ Million by End-Use: 2012-2019
  • TABLE 66: Solar PV Systems Market Share Distribution in South Korea by End-Use: 2012 VS 2020 VS 2027
REST OF ASIA-PACIFIC
  • TABLE 67: Rest of Asia-Pacific Demand Estimates and Forecasts for Solar PV Systems in US$ Million by End-Use: 2020 to 2027
  • TABLE 68: Rest of Asia-Pacific Solar PV Systems Market in US$ Million by End-Use: 2012-2019
  • TABLE 69: Solar PV Systems Market Share Shift in Rest of Asia-Pacific by End-Use: 2012 VS 2020 VS 2027
LATIN AMERICA
  • TABLE 70: Latin American Solar PV Systems Market Trends by Region/Country in US$ Million: 2020-2027
  • TABLE 71: Solar PV Systems Market in Latin America in US$ Million by Region/Country: A Historic Perspective for the Period 2012-2019
  • TABLE 72: Latin American Solar PV Systems Market Percentage Breakdown of Sales by Region/Country: 2012, 2020, and 2027
  • TABLE 73: Latin American Demand for Solar PV Systems in US$ Million by End-Use: 2020 to 2027
  • TABLE 74: Solar PV Systems Market Review in Latin America in US$ Million by End-Use: 2012-2019
  • TABLE 75: Latin American Solar PV Systems Market Share Breakdown by End-Use: 2012 VS 2020 VS 2027
ARGENTINA
  • TABLE 76: Argentinean Solar PV Systems Addressable Market Opportunity in US$ Million by End-Use: 2020-2027
  • TABLE 77: Solar PV Systems Market in Argentina: Summarization of Historic Demand in US$ Million by End-Use for the Period 2012-2019
  • TABLE 78: Argentinean Solar PV Systems Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
BRAZIL
  • TABLE 79: Solar PV Systems Quantitative Demand Analysis in Brazil in US$ Million by End-Use: 2020-2027
  • TABLE 80: Brazilian Solar PV Systems Historic Market Review in US$ Million by End-Use: 2012-2019
  • TABLE 81: Brazilian Solar PV Systems Market Share Analysis: A 17-Year Perspective by End-Use for 2012, 2020, and 2027
MEXICO
  • TABLE 82: Solar PV Systems Market in Mexico: Annual Sales Estimates and Forecasts in US$ Million by End-Use for the Period 2020-2027
  • TABLE 83: Mexican Solar PV Systems Market in Retrospect in US$ Million by End-Use: 2012-2019
  • TABLE 84: Solar PV Systems Market Share Distribution in Mexico by End-Use: 2012 VS 2020 VS 2027
REST OF LATIN AMERICA
  • TABLE 85: Rest of Latin America Solar PV Systems Latent Demand Forecasts in US$ Million by End-Use: 2020 to 2027
  • TABLE 86: Solar PV Systems Historic Demand Patterns in Rest of Latin America by End-Use in US$ Million for 2012-2019
  • TABLE 87: Solar PV Systems Market Share Breakdown in Rest of Latin America by End-Use: 2012 VS 2020 VS 2027
MIDDLE EAST
  • TABLE 88: The Middle East Solar PV Systems Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
  • TABLE 89: Solar PV Systems Market in the Middle East by Region/Country in US$ Million: 2012-2019
  • TABLE 90: The Middle East Solar PV Systems Market Share Breakdown by Region/Country: 2012, 2020, and 2027
  • TABLE 91: The Middle East Solar PV Systems Market Quantitative Demand Analysis in US$ Million by End-Use: 2020 to 2027
  • TABLE 92: Solar PV Systems Market in the Middle East: Summarization of Historic Demand Patterns in US$ Million by End-Use for 2012-2019
  • TABLE 93: The Middle East Solar PV Systems Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
IRAN
  • TABLE 94: Iranian Demand Estimates and Forecasts for Solar PV Systems in US$ Million by End-Use: 2020 to 2027
  • TABLE 95: Iranian Solar PV Systems Market in US$ Million by End-Use: 2012-2019
  • TABLE 96: Solar PV Systems Market Share Shift in Iran by End-Use: 2012 VS 2020 VS 2027
ISRAEL
  • TABLE 97: Israeli Solar PV Systems Addressable Market Opportunity in US$ Million by End-Use: 2020-2027
  • TABLE 98: Solar PV Systems Market in Israel: Summarization of Historic Demand in US$ Million by End-Use for the Period 2012-2019
  • TABLE 99: Israeli Solar PV Systems Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
SAUDI ARABIA
  • TABLE 100: Saudi Arabian Demand for Solar PV Systems in US$ Million by End-Use: 2020 to 2027
  • TABLE 101: Solar PV Systems Market Review in Saudi Arabia in US$ Million by End-Use: 2012-2019
  • TABLE 102: Saudi Arabian Solar PV Systems Market Share Breakdown by End-Use: 2012 VS 2020 VS 2027
UNITED ARAB EMIRATES
  • TABLE 103: Solar PV Systems Market in the United Arab Emirates: Recent Past, Current and Future Analysis in US$ Million by End-Use for the Period 2020-2027
  • TABLE 104: United Arab Emirates Solar PV Systems Historic Market Analysis in US$ Million by End-Use: 2012-2019
  • TABLE 105: Solar PV Systems Market Share Distribution in United Arab Emirates by End-Use: 2012 VS 2020 VS 2027
REST OF MIDDLE EAST
  • TABLE 106: Solar PV Systems Market in Rest of Middle East: Annual Sales Estimates and Forecasts in US$ Million by End-Use for the Period 2020-2027
  • TABLE 107: Rest of Middle East Solar PV Systems Market in Retrospect in US$ Million by End-Use: 2012-2019
  • TABLE 108: Solar PV Systems Market Share Distribution in Rest of Middle East by End-Use: 2012 VS 2020 VS 2027
AFRICA
  • TABLE 109: African Solar PV Systems Latent Demand Forecasts in US$ Million by End-Use: 2020 to 2027
  • TABLE 110: Solar PV Systems Historic Demand Patterns in Africa by End-Use in US$ Million for 2012-2019
  • TABLE 111: Solar PV Systems Market Share Breakdown in Africa by End-Use: 2012 VS 2020 VS 2027
IV. COMPETITION
  • Total Companies Profiled: 38
Note: Product cover images may vary from those shown
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