Solar Pv Panels Market Report 2023 (Global Edition)

Global Solar Pv Panels Market Report 2023 talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Solar Pv Panels Industry growth. Solar Pv Panels market has been segmented with the help of its Grid Type, Application Technology, and others. Solar Pv Panels market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.

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Based on grid type market is segmented into On-grid and Off-grid. The on-grid segment held the largest share of the market in 2021, due to the rising number of utility-scale projects around the world. It ranges from small residential units to large utility-scale solar PV generating stations. Further, the off-grid segment is expected to grow during the forecast period, as its adoption in rural areas is increasing.

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Based on application, the market is segmented into residential, non-residential, and utilities. The utility segment held the largest revenue share in 2021, owing to the increasing number of utility-scale sun-energy projects

The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Solar Pv Panels market report 2023 Edition by contacting our team.

Solar Pv Panels Technology Segment Analysis

Based on technology, the market is segmented into Monocrystalline Silicon, Thin Film, Polycrystalline Silicon, and Others. The Monocrystalline Silicon segment has the largest revenue share in 2021, as it has a wide range of applications and is used in the commercial, residential and industrial segments.

• Monocrystalline Silicon
• Thin Film
• Polycrystalline Silicon
• Others

Solar Pv Panels Installation Segment Analysis

Based on installation market is segmented into Ground Mounted, Rooftop, and Others. Ground-mounted installation held the largest revenue share in 2021, owing to its use in the commercial sector and its cost-effectiveness. The rooftop segment is expected to grow significantly during the forecast period.

• Ground Mounted
• Rooftop
• Others

• Asia Pacific held the largest market revenue of 45.48% in 2021 and is expected to remain dominating in the projection period, owing to the increasing demand for alternative electricity sources, growing industrialization, and government initiatives for renewable energy. For instance, according to the Ministry of New and Renewable Energy, Viability Gap Funding (VGF) support of Rs. 5050 crores will be provided for setting up of at least 5000 MW Grid-connected Solar PV power projects by Solar Power Developers on a Build-Own-Operate basis.
• In this region, demand for solar panels is increasing in developing countries like China and India, which are the key markets for solar panels both globally and in the Asia Pacific. Further, North America occupied the second-largest revenue share in 2021. This is due to the increasing demand from the industrial sector in North America.

Region-wise, the market is analyzed across: (In case you wish to acquire a specific region or any country data then please contact us)

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

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News

• JinkoSolar's High-efficiency N-Type Monocrystalline Silicon Solar Cell Sets New Record with Maximum Conversion Efficiency of 26.1% (October 2022)

JnkoSolar Holding Co., Ltd., one of the largest solar module manufacturers in the world, announced that it has achieved a major technical breakthrough for its 182 mm high-efficiency N-type monocrystalline silicon solar cell.

• Ørsted completes Muscle Shoals solar project in Alabama (September 2021)

Ørsted continued to expand its solar footprint across the US and has completed the 227 MWAC Muscle Shoals solar PV project in Colbert County, Alabama. Located in the Tennessee Valley Authority ('TVA') service area, the project has a long-term PPA with TVA.

• Canadian Solar to Construct One of The Largest C&I Solar Rooftop Projects in Malaysia (August 2020)

Canadian Solar Inc., announced that it has commenced construction on one of the largest commercial and industrial rooftop solar projects in Malaysia, in collaboration with Antah Solar Sdn. Bhd. and Eleaps Sdn. Bhd. 

Top Companies Market Share in Solar Pv Panels Industry: (In no particular order of Rank)

• Jinko Solar
• JA Solar
• Trina Solar
• LONGi Solar
• Canadian Solar
• SunPower Corporation
• First Solar
• Hanwha Q-CELLS
• Risen Energy
• Talesun
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