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Photovoltaic Market with COVID-19 Impact, by Component (Modules, Inverters), Material (Silicon, Compounds), Installation Type (Ground Mounted, BIPV), Application (Residential, Commercial & Industrial, Utilities) and Region - Global Forecast to 2025

  • ID: 5179228
  • Report
  • October 2020
  • Region: Global
  • 183 Pages
  • Markets and Markets
The Global Photovoltaic Market Size is Expected to Grow from USD 76.6 Billion in 2020 to USD 113.1 Billion by 2025, at a CAGR of 8.1%.

FEATURED COMPANIES

  • Array Technologies
  • First Solar
  • JA Solar
  • Longi
  • Risen Energy
  • Sungrow Power Supply

The market has a promising growth potential due to several factors, including supportive government policies and initiatives, increasing demand for PV systems for residential applications, and decreasing cost of PV systems and energy storage devices.

The major factor restraining the growth of the photovoltaic market is the lack of a skilled workforce for PV installation and maintenance. PV installation requires a spectrum of skilled workers, ranging from PhD level scholars in R&D to technicians requiring specialized training and certification to a wide variety of other professionals for supporting all aspects of the PV industry. The industry does not have enough trained installers to handle the implementation of this technology, and the availability of appropriately skilled manpower has been one of the most prominent challenges in the PV arena. This is expected to impact the photovoltaic market negatively in the coming years.

The market is expected to decline in 2020, mainly due to the impact of COVID-19. The photovoltaic supply chain was disrupted in March and April 2020 due to the lockdown imposed by various governments and labor shortages in the PV industry due to travel restrictions, which would affect the photovoltaic market. Though the market is expected to be impacted in 2020, it is expected to start to recover by 2021 and will fully recover by 2022.

Silicon-based PV systems: The fastest-growing segment of the photovoltaic market, by material

Silicon-based PV systems are the fastest-growing segment of the photovoltaic market by material. Silicon-based photovoltaic solar panels are cost-effective. Ongoing advancements in silicon solar cell technology is the primary factor boosting the growth of the photovoltaic market. The increasing focus of players on manufacturing advanced silicon modules is also fostering market growth. Many players are making efforts to manufacture advanced silicon modules with greater efficiency. These developments are expected to propel the demand for silicon-based PV systems during the forecast period.

Ground-mounted: The largest segment of the photovoltaic market, by installation type

The photovoltaic market for the ground-mounted type is expected to hold the largest market share from 2019 to 2025. With an increasing number of utility-scale projects worldwide, the market for ground-mounted PV systems is expected to witness significant growth during the forecast period. According to the Solar Energy Industries Association (SEIA), there are more than 37,000 MW utility-scale solar projects currently operating in the US, with another 112,000 MW under development. The majority of these projects have ground-mounted installations of PV modules. This is expected to propel the market for ground-mounted type.

Asia Pacific: The fastest-growing region in the photovoltaic market

The APAC region is expected to dominate the photovoltaic market and is projected to grow at the highest CAGR during the forecast period. APAC is home to most top players in the photovoltaic market, including JinkoSolar, JA Solar, Trina Solar, and LONGi. Also, the region has countries like China and India that are at the forefront in terms of the adoption of PV systems. Moreover, the region is the largest producer and consumer of PV modules and related components. These factors are expected to propel the photovoltaic market in APAC.

The study contains insights from various industry experts, ranging from component suppliers to Tier 1 companies.

The break-up of the primaries is as follows:

  • By Company Type: Tier 1 - 45%, Tier 2 - 30%, and Tier 3 - 25%
  • By Designation: C-level Executives - 40%, Directors - 35%, and Others - 25%
  • By Region: North America - 20%, Europe - 15%, APAC - 55%, and RoW - 10%

The report profiles key players in the global photovoltaic market with their respective market share analysis. Prominent players profiled in this report are JinkoSolar (China), JA Solar (China), Trina Solar (China), LONGi (China), Canadian Solar (Canada), First Solar (US), Hanwha Q CELLS (South Korea), Wuxi Suntech Power (China), Sharp (Japan), Mitsubishi Electric (Japan), Array Technologies (US), Chint Solar (China), GCL System Integration Technology (China), Huawei (China), LG Electronics (South Korea), NEXTracker (US), Risen Energy (China), SMA Solar Technology (Germany), Sungrow Power Supply (China), Tongwei Solar (China), and Yingli Solar (China).

Research Coverage:

The report segments the photovoltaic market and forecasts its size, by value and volume, based on region (North America, Europe, APAC, and RoW), by component (modules, inverters, BOS), material (silicon, compounds), cell type (full cell, half cell), installation type (ground-mounted, BIPV, floating PV), and application (residential, commercial & industrial, and utilities).

The report also provides a comprehensive review of market drivers, restraints, opportunities, and challenges in the photovoltaic market. The report also covers qualitative aspects in addition to the quantitative aspects of these markets.

Key Benefits of Buying the Report

The report will help the leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the photovoltaic market and provides them information on key market drivers, restraints, challenges, and opportunities

Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Array Technologies
  • First Solar
  • JA Solar
  • Longi
  • Risen Energy
  • Sungrow Power Supply

1 Introduction
1.1 Study Objectives
1.2 Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Geographic Scope
1.4 Inclusions and Exclusions
1.5 Years Considered
1.6 Currency
1.7 Stakeholders
1.8 Summary of Changes

2 Research Methodology
2.1 Research Data
Figure 1 Photovoltaic Market: Research Design
2.1.1 Secondary Data
2.1.1.1 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Industry Insights
2.1.2.2 Breakdown of Primaries
2.1.2.3 Key Data from Primary Sources
2.2 Market Size Estimation
Figure 2 Research Flow of Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Approach for Capturing Market Size by Bottom-Up Analysis (Demand Side)
2.2.1.2 Major Upcoming Solar Projects in Various Regions Across the World
Table 1 Major Solar Projects Across Various Regions
2.2.2 Top-Down Approach
2.2.2.1 Approach for Capturing Market Size by Top-Down Analysis (Supply Side)
Figure 3 Top-Down Approach to Arrive at Market Size
2.3 Market Breakdown and Data Triangulation
Figure 4 Data Triangulation
2.4 Research Assumptions
Figure 5 Assumptions for Research Study

3 Executive Summary
Figure 6 Market for Inverters to Grow at Highest CAGR During Forecast Period
Figure 7 Silicon Segment to Exhibit Higher CAGR During Forecast Period
Figure 8 Residential Application to Grow at Highest CAGR in Market During Forecast Period
Figure 9 Market in APAC to Exhibit Highest CAGR During Forecast Period

4 Premium Insights
4.1 Attractive Opportunities in Photovoltaic Market
Figure 10 Increasing Demand for PV Systems for Residential Applications to Boost Growth of the Market
4.2 Photovoltaic Market, by Cell Type
Figure 11 Half Cell Type to Grow at Higher CAGR During Forecast Period
4.3 Market, by Installation Type
Figure 12 Floating PV Segment to Grow at Highest CAGR During Forecast Period
4.4 Market in Apac, by Country and Application
Figure 13 China and Utilities Held Largest Market Shares of Market in Apac, by Country and Application, Respectively, in 2019
4.5 Country-Wise Photovoltaic Market Growth Rate
Figure 14 China to Record Highest CAGR in Market During Forecast Period

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 15 Impact Analysis of Drivers, Restraints, Opportunities, and Challenges in the Photovoltaic Market
5.2.1 Drivers
5.2.1.1 Supportive Government Policies and Initiatives
5.2.1.2 Increasing Demand for PV Systems for Residential Applications
5.2.1.3 Decreasing Cost of PV Systems and Energy Storage Devices
5.2.2 Restraints
5.2.2.1 Lack of Skilled Workforce for PV Installation and Maintenance
5.2.3 Opportunities
5.2.3.1 Upsurge in Demand for Renewable Energy
Figure 16 Global Total Renewable Energy Capacity, 2010-2019 (Gw)
5.2.3.2 Technological Advancements in Solar Cell Manufacturing
5.2.4 Challenges
5.2.4.1 Lack of Operational Land
5.2.4.2 Manufacturing and Supply Chain Constraints due to COVID-19 Pandemic
5.3 Value Chain Analysis
Figure 17 Photovoltaics Value Chain Analysis
5.4 Technology Analysis
5.5 Average Selling Price Trend
Figure 18 Average Selling Price Trend for PV System, 2017-2025
5.6 Case Study Analysis
5.6.1 Ground Mounted
5.6.2 Building Integrated Photovoltaics (Bipv)
5.6.3 Floating PV
5.7 Ecosystem
5.8 Patent Analysis
5.9 Regulations in Various Regions Pertaining to Photovoltaic Market

6 Photovoltaic Market, by Component
6.1 Introduction
Figure 19 Photovoltaic Market for Inverter to Grow at Highest CAGR During Forecast Period
Table 2 Market, by Component, 2017-2025 (USD Billion)
Table 3 Market, by Annual Capacity, 2017-2025 (Gw)
6.2 Modules
6.2.1 Solar PV Modules are Used for Boosting Power Outputs of PV Cells
6.2.2 PV Module Types
6.2.2.1 Organic Photovoltaic (OPV)
6.2.2.2 Inorganic Photovoltaic (IPV)
6.2.2.3 Hybrid Photovoltaic
6.2.3 By Cell Type
6.2.3.1 60 Cells
6.2.3.2 72 Cells
6.2.3.3 96 Cells
Figure 20 Utilities Application to Continue to Hold Largest Size of PV Module Market During Forecast Period
Table 4 Photovoltaic Market for Modules, by Application, 2017-2025 (USD Billion)
Table 5 Market for Modules for Residential Application, by Region, 2017-2025 (USD Million)
Table 6 Market for Modules for Commercial & Industrial Application, by Region, 2017-2025 (USD Million)
Table 7 Market for Modules for Utilities Application, by Region, 2017-2025 (USD Billion)
Table 8 Market for Modules, by Region, 2017-2025 (USD Billion)
6.3 Inverters
6.3.1 PV Inverters Convert Direct Current (Dc) of PV Modules into Grid-Compliant Alternating Current (Ac)
Figure 21 Residential Application to Grow at Highest CAGR in Inverters Market During Forecast Period
Table 9 Photovoltaic Market for Inverters, by Application, 2017-2025 (USD Billion)
Table 10 Market for Inverters for Residential Application, by Region, 2017-2025 (USD Million)
Table 11 Market for Inverters for Commercial & Industrial Application, by Region, 2017-2025 (USD Million)
Table 12 Market for Inverters for Utilities Application, by Region, 2017-2025 (USD Million)
Table 13 Market for Inverters, by Region, 2017-2025 (USD Million)
6.4 Balance of System (Bos)
6.4.1 Bos Help to Increase the Efficiency of Solar Systems
Figure 22 Utilities Application to Continue to Hold Largest Size of Bos Market During Forecast Period
Table 14 Photovoltaic Market for Bos, by Application, 2017-2025 (USD Billion)
Table 15 Market for Bos for Residential Application, by Region, 2017-2025 (USD Million)
Table 16 Market for Bos for Commercial & Industrial Application, by Region, 2017-2025 (USD Million)
Table 17 Market for Bos for Utilities Application, by Region, 2017-2025 (USD Billion)
Table 18 Market for Bos, by Region, 2017-2025 (USD Billion)
6.5 Impact of COVID-19 on Various Components

7 Photovoltaic Market, by Material
7.1 Introduction
Figure 23 Silicon-Based Photovoltaic Systems to Dominate Market Throughout Forecast Period
Table 19 Photovoltaic Market, by Material, 2017-2025 (USD Billion)
7.2 Silicon
Table 20 Market for Silicon, by Type, 2017-2025 (USD Million)
Table 21 Market for Silicon, by Region, 2017-2025 (USD Billion)
7.2.1 Crystalline Silicon (C-Si)
Figure 24 Monocrystalline Photovoltaic Systems to Witness at Higher CAGR During Forecast Period
Table 22 Market for Crystalline Silicon, by Type, 2017-2025 (USD Billion)
Figure 25 Market in APAC for Crystalline Silicon to Grow at Highest CAGR During Forecast Period
Table 23 Market for Crystalline Silicon, by Region, 2017-2025 (USD Billion)
7.2.1.1 Crystalline Silicon Types
7.2.1.1.1 Monocrystalline
7.2.1.1.1.1 Higher Efficiency and Minimum Space Requirements Drive Market Growth
Table 24 Market for Monocrystalline Silicon, by Region, 2017-2025 (USD Billion)
7.2.1.1.2 Multi-Crystalline/Polycrystalline
7.2.1.1.2.1 Low-Cost Production of Multi-Crystalline Modules Made It Preferred Choice for Residential Applications
Table 25 Market for Multi-Crystalline Silicon, by Region, 2017-2025 (USD Billion)
7.2.1.2 Crystalline Silicon Technologies
Table 26 Market for Crystalline Silicon, by Technology, 2017-2025 (USD Billion)
7.2.1.2.1 Bsf
7.2.1.2.1.1 Ai Bsf is Most Commonly Used Technology for Fabricating Photovoltaic Cells
7.2.1.2.2 Perc
7.2.1.2.2.1 More Efficiency and Higher Flexibility Offered by Perc Boost Its Demand in Photovoltaic Market
7.2.1.2.3 Others
7.2.2 Thin Film
Table 27 Photovoltaic Market for Thin-Film Silicon, by Region, 2017-2025 (USD Thousands)
7.2.2.1 Amorphous
7.2.2.1.1 Amorphous Solar Modules Can Perform Better Even in Low-Light Conditions
7.2.2.2 Nanocrystalline
7.2.2.2.1 Use of Nanocrystals in Solar Cells May Increase Their Efficiency by Up to 60%
7.3 Compounds
Figure 26 CdTe Photovoltaics to Command Market for Compound Material During Forecast Period
Table 28 Market for Compounds, by Type, 2017-2025 (USD Billion)
Table 29 Market for Compounds, by Region, 2017-2025 (USD Million)
7.3.1 Copper Indium Gallium Selenide (Cigs)
Table 30 Photovoltaic Market for Cigs, by Region, 2017-2025 (USD Million)
7.3.2 Cadmium Telluride (CdTe)
7.3.2.1 CdTe Materials are Most Commonly Used in Thin-Film Modules
Table 31 Photovoltaic Market for CdTe, by Region, 2017-2025 (USD Million)
7.3.3 Gallium Arsenide (Gaas) and Indium Phosphide (Inp)
7.3.3.1 Gaas and Inp Materials Can be Used to Achieve High Efficiency for Solar Cells
7.3.4 Perovskite
7.3.4.1 Perovskite Cells Can Absorb Sunlight Across Entire Visible Spectrum
7.3.5 Others
7.4 Impact of COVID-19 on Materials

8 Photovoltaic Market, by Cell Type
8.1 Introduction
Figure 27 Half-Cell PV Modules to Register Higher CAGR in Market During Forecast Period
Table 32 Photovoltaic Market, by Cell Type, 2017-2025 (USD Billion)
8.2 Full-Cell PV Modules
8.2.1 Full-Cell PV Modules Held Larger Market Share During Forecast Period
Table 33 Market for Full-Cell PV Modules, by Region, 2017-2025 (USD Billion)
8.3 Half-Cell PV Modules
8.3.1 Market for Half-Cell PV Modules to Grow at Higher CAGR During Forecast Period
Table 34 Market for Half Cell, by Region, 2017-2025 (USD Billion)
8.4 Impact of COVID-19 on Different Types of PV Cells

9 Photovoltaic Market, by Installation Type
9.1 Introduction
Figure 28 Floating PV Segment of Market to Grow at Highest CAGR from 2020 to 2025
Table 35 Photovoltaic Market, by Installation Type, 2017-2025 (USD Billion)
9.2 Ground Mounted
9.2.1 Ground-Mounted Segment to Hold Largest Share of Market from 2020 to 2025
9.3 Building-Integrated Photovoltaics (Bipv)
9.3.1 Rooftops
9.3.1.1 Increased Rooftop Installations of PV Modules for Residential and Commercial Applications
9.3.2 Windows
9.3.2.1 Surged Adoption of PV Windows by Business Complexes in Major Cities Across the World for Substantial Reduction in Energy Bills
9.4 Floating PV
9.4.1 Floating PV Segment of Photovoltaic Market to Grow at Highest CAGR from 2020 to 2025
9.5 Impact of COVID-19 on Various Types of PV Installations

10 Photovoltaic Market, by Application
10.1 Introduction
Figure 29 Residential Application to Exhibit Highest CAGR in PV Market During Forecast Period
Table 36 Photovoltaic Market, by Application, 2017-2025 (USD Billion)
10.2 Residential
10.2.1 Market for Residential Application to Grow at Highest CAGR from 2020 to 2025
Figure 30 Modules to Register Highest CAGR in Photovoltaic Market for Residential Application from 2020 to 2025
Table 37 Market for Residential Application, by Component, 2017-2025 (USD Billion)
Table 38 Market for Residential Application, by Region, 2017-2025 (USD Billion)
Table 39 Market in North America for Residential Application, by Country, 2017-2025 (USD Million)
Table 40 Market in Europe for Residential Application, by Country, 2017-2025 (USD Million)
Table 41 Market in APAC for Residential Application, by Country, 2017-2025 (USD Million)
Table 42 Market in Row for Residential Application, by Region, 2017-2025 (USD Million)
10.3 Commercial and Industrial
10.3.1 Banks, Educational Institutions, Insurance and Government Offices, Manufacturing Plants, Hospitals, and Hospitality Buildings are Part of Commercial and Industrial PV Segment
Table 43 Photovoltaic Market for Commercial and Industrial, by Component, 2017-2025 (USD Billion)
Figure 31 APAC to Hold Largest Share of Photovoltaic Market for Commercial and Industrial Application During 2020-2025
Table 44 Market for Commercial and Industrial Application, by Region, 2017-2025 (USD Billion)
Table 45 Market in North America for Commercial and Industrial Application, by Country, 2017-2025 (USD Million)
Table 46 Market in Europe for Commercial and Industrial Application, by Country, 2017-2025 (USD Million)
Table 47 Market in APAC for Commercial and Industrial Application, by Country, 2017-2025 (USD Million)
Table 48 Market in Row for Commercial and Industrial Application, , by Region, 2017-2025 (USD Million)
10.4 Utilities
10.4.1 Utilities Application to Account for Largest Share of PV Market Throughout Forecast Period
Figure 32 Bos to Capture Largest Share of Photovoltaic Market for Utilities Application Throughout Forecast Period
Table 49 Market for Utilities Application, by Component, 2017-2025 (USD Billion)
Table 50 Market for Utilities Application, by Region, 2017-2025 (USD Billion)
Table 51 Market in North America for Utilities Application, by Country, 2017-2025 (USD Million)
Table 52 Market in Europe for Utilities Application, by Country, 2017-2025 (USD Million)
Table 53 Market in APAC for Utilities Application, by Country, 2017-2025 (USD Billion)
Table 54 Market in Row for Utilities Applications, by Region, 2017-2025 (USD Million)
10.5 Impact of COVID-19 on Applications

11 Photovoltaic Concentration Systems
11.1 Introduction
11.2 High Concentration PV
11.3 Medium & Low Concentration PV

12 Photovoltaic System, by Power Capacity
12.1 Introduction
12.2 Up to 100 Wp
12.3 100.1 to 300 Wp
12.4 Above 300 Wp

13 Geographic Analysis
13.1 Introduction
Table 55 Cumulative Installed Photovoltaic Capacity of Top 10 Countries, 2019
Figure 33 Photovoltaic Market in APAC to Grow at Highest CAGR from 2020 to 2025
Table 56 Photovoltaic Market, by Region, 2017-2025 (USD Billion)
13.2 North America
Figure 34 Snapshot: Photovoltaic Market in North America
Table 57 Photovoltaic Market in North America, by Country, 2017-2025 (USD Million)
Table 58 Market in North America, by Component, 2017-2025 (USD Billion)
Table 59 Market in North America, by Material, 2017-2025 (USD Million)
Table 60 Market in North America for Silicon, by Type, 2017-2025 (USD Million)
Table 61 Market in North America for Crystalline Silicon, by Type, 2017-2025 (USD Billion)
Table 62 Market in North America for Compounds, by Type, 2017-2025 (USD Million)
Table 63 Market in North America, by Cell Type, 2017-2025 (USD Million)
Table 64 Photovoltaic Market in North America, by Application, 2017-2025 (USD Billion)
13.2.1 US
13.2.1.1 US to Account for Largest Size of Photovoltaic Market in North America from 2020 to 2025
Table 65 Photovoltaic Market in Us, by Application, 2017-2025 (USD Million)
13.2.2 Canada
13.2.2.1 Canada with Significant Solar Energy Resources to Witness Large-Space Solar Installations from 2020 to 2025
Table 66 Photovoltaic Market in Canada, by Application, 2017-2025 (USD Million)
13.2.3 Mexico
13.2.3.1 Photovoltaic Market in Mexico is Projected to Grow at Highest CAGR from 2020 to 2025
Table 67 Photovoltaic Market in Mexico, by Application, 2017-2025 (USD Million)
13.2.4 Government Initiatives to Support Growth of Photovoltaic Market in North America
13.3 Europe
Figure 35 Snapshot: Photovoltaic Market in Europe
Table 68 Photovoltaic Market in Europe, by Country, 2017-2025 (USD Million)
Table 69 Market in Europe, by Component, 2017-2025 (USD Billion)
Table 70 Market in Europe, by Material, 2017-2025 (USD Million)
Table 71 Market in Europe for Silicon, by Type, 2017-2025 (USD Million)
Table 72 Market in Europe for Crystalline Silicon, by Type, 2017-2025 (USD Billion)
Table 73 Market in Europe for Compounds, by Type, 2017-2025 (USD Million)
Table 74 Market in Europe, by Cell Type, 2017-2025 (USD Billion)
Table 75 Market in Europe, by Application, 2017-2025 (USD Billion)
13.3.1 UK
13.3.1.1 Efforts to Install Large-Scale PV Systems to Harness Solar Resources Expected to Fuel Growth of Photovoltaic Market in UK
Table 76 Market in Uk, by Application, 2017-2025 (USD Million)
13.3.2 Germany
13.3.2.1 Germany to Account for Largest Size of Photovoltaic Market in Europe from 2020 to 2025
Table 77 Market in Germany, by Application, 2017-2025 (USD Million)
13.3.3 France
13.3.3.1 Photovoltaic Market in France to Grow at Highest CAGR from 2020 to 2025
Table 78 Market in France, by Application, 2017-2025 (USD Million)
13.3.4 Italy
13.3.4.1 Italy Held Sixth Position Globally in Terms of Total Installed PV Capacity as of 2019
Table 79 Photovoltaic Market in Italy, by Application, 2017-2025 (USD Million)
13.3.5 Rest of Europe
Table 80 Photovoltaic Market in Rest of Europe, by Application, 2017-2025 (USD Billion)
13.3.6 Government Initiatives to Support Growth of Photovoltaic Market in Europe
13.4 Asia-Pacific (Apac)
Figure 36 Snapshot: Photovoltaic Market in APAC
Table 81 Photovoltaic Market in Apac, by Country, 2017-2025 (USD Billion)
Table 82 Market in Apac, by Component, 2017-2025 (USD Billion)
Table 83 Market in Apac, by Material, 2017-2025 (USD Billion)
Table 84 Market in APAC for Silicon, by Type, 2017-2025 (USD Million)
Table 85 Market in APAC for Crystalline Silicon, by Type, 2017-2025 (USD Billion)
Table 86 Market in APAC for Compounds, by Type, 2017-2025 (USD Million)
Table 87 Market in Apac, by Cell Type, 2017-2025 (USD Billion)
Table 88 Photovoltaic Market in Apac, by Application, 2017-2025 (USD Billion)
13.4.1 China
13.4.1.1 China to Account for Largest Size of Photovoltaic Market from 2020 to 2025
Table 89 Market in China, by Application, 2017-2025 (USD Billion)
13.4.2 Japan
13.4.2.1 Presence of 73 of World's 100 Largest Floating PV Plants in Japan to Fuel Market Growth in Country
Table 90 Market in Japan, by Application, 2017-2025 (USD Million)
13.4.3 India
13.4.3.1 Target of Government of India to Carry Out 100 Gw Solar Capacity Additions by 2022 to Fuel Market Growth in Country
Table 91 Market in India, by Application, 2017-2025 (USD Billion)
13.4.4 South Korea
13.4.4.1 South Korea Held Tenth Position Globally in Terms of Total Installed PV Capacity as of 2019
Table 92 Photovoltaic Market in South Korea, by Application, 2017-2025 (USD Million)
13.4.5 Rest of APAC
Table 93 Photovoltaic Market in Rest of Apac, by Application, 2017-2025 (USD Million)
13.4.6 Government Initiatives to Support Growth of Photovoltaic Market in APAC
13.5 Rest of the World (Row)
Figure 37 Photovoltaic Market in South America for Row to Grow at High CAGR from 2020 to 2025
Table 94 Photovoltaic Market in RoW, by Region, 2017-2025 (USD Billion)
Table 95 Market in RoW, by Component, 2017-2025 (USD Million)
Table 96 Market in RoW, by Material, 2017-2025 (USD Million)
Table 97 Market in Row for Silicon, by Type, 2017-2025 (USD Million)
Table 98 Market in Row for Crystalline Silicon, by Type, 2017-2025 (USD Million)
Table 99 Market in Row for Compounds, by Type, 2017-2025 (USD Million)
Table 100 Market in RoW, by Cell Type, 2017-2025 (USD Billion)
Table 101 Photovoltaic Market in RoW, by Application, 2017-2025 (USD Billion)
13.5.1 South America
13.5.1.1 Photovoltaic Market in South America to Grow at High CAGR from 2020 to 2025
Table 102 Photovoltaic Market in South America, by Application, 2017-2025 (USD Million)
13.5.2 Middle East and Africa
13.5.2.1 Middle East and Africa to Account for Large Size of Photovoltaic Market in Row from 2020 to 2025
Table 103 Photovoltaic Market in Middle East & Africa, by Application, 2017-2025 (USD Million)
13.6 Impact of COVID-19 on Photovoltaic Market in Various Regions

14 Competitive Landscape
14.1 Overview
14.2 Company Evaluation Quadrant
14.2.1 Star
14.2.2 Emerging Leader
14.2.3 Pervasive
14.2.4 Participant
Figure 38 Company Evaluation Matrix, 2019
14.3 Product Footprint Analysis of Top Players
Figure 39 Product Footprint Analysis of Top Players in Photovoltaic Market
14.4 Market Ranking Analysis: Photovoltaic Market, 2019
Figure 40 Global Photovoltaic Market Ranking Analysis, 2019
14.5 Market Share Analysis: Photovoltaic Market, 2019
Figure 41 Share of Top 5 Players of Photovoltaic Market (2019)
14.6 Historical Revenue Analysis of Major Market Players
Figure 42 Historical Revenue Analysis of Major Market Players
14.7 Key Market Developments
14.7.1 Product Launches
Table 104 Product Launches, 2019-2020
14.7.2 Agreements, Collaborations, Partnerships, and Contracts
Table 105 Agreements, Collaborations, Partnerships, and Contracts, 2019-2020
14.7.3 Acquisitions
Table 106 Acquisitions, 2018-2020
14.7.4 Expansions
Table 107 Expansions, 2018-2019

15 Company Profiles
15.1 Introduction
15.2 Key Players
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, Analyst's View)*
15.2.1 Jinkosolar
Figure 43 Jinkosolar: Company Snapshot
15.2.2 JA Solar
15.2.3 Trina Solar
15.2.4 Longi
Figure 44 Longi: Company Snapshot
15.2.5 Canadian Solar
Figure 45 Canadian Solar: Company Snapshot
15.2.6 First Solar
Figure 46 First Solar: Company Snapshot
15.2.7 Hanwha Q Cells
15.2.8 Mitsubishi Electric
Figure 47 Mitsubishi Electric: Company Snapshot
15.2.9 Sharp
Figure 48 Sharp: Company Snapshot
15.2.10 Wuxi Suntech Power
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, Analyst's View Might Not be Captured in Case of Unlisted Companies.
15.3 Right to Win
15.4 Other Key Players
15.4.1 Array Technologies
15.4.2 Chint Solar (Astronergy)
15.4.3 Gcl System Integration Technology
15.4.4 Huawei
15.4.5 LG Electronics
15.4.6 Nextracker
15.4.7 Risen Energy
15.4.8 SMA Solar Technology
15.4.9 Sungrow Power Supply
15.4.10 Tongwei Solar
15.4.11 Yingli Solar

16 Appendix
16.1 Discussion Guide
16.2 Knowledge Store: The Subscription Portal
16.3 Available Customizations

Note: Product cover images may vary from those shown

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  • Array Technologies
  • Canadian Solar
  • Chint Solar (Astronergy)
  • First Solar
  • GCL System Integration Technology
  • Hanwha Q Cells
  • Huawei
  • JA Solar
  • Jinkosolar
  • LG Electronics
  • Longi
  • Mitsubishi Electric
  • Nextracker
  • Risen Energy
  • Sharp
  • SMA Solar Technology
  • Sungrow Power Supply
  • Tongwei Solar
  • Trina Solar
  • Wuxi Suntech Power
  • Yingli Solar
Note: Product cover images may vary from those shown

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