A recent report published by Infinium Global Research on photovoltaics market provides in depth analysis of segments and sub-segments in global as well as regional photovoltaics market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional photovoltaics market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global photovoltaics market. According to report the global photovoltaics market is projected to grow at a CAGR of 17.5% over the forecast period of 2017-2023.
Figure 1: Global Photovoltaics Market by Value 2015-2023
The report on global photovoltaics market covers segments such as, component, type and application. On the basis of component the global photovoltaics market is categorized into crystalline silicon PV cells, thin film PV cells, modules, optics and trackers. On the basis of type the global photovoltaics market is categorized into organic and inorganic. Furthermore, on the basis of application the global photovoltaics market is categorized into residential and non-residential.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section the key trends and market size for each geography is provided over the period of 2015-2023.
Figure 2: Global Photovoltaics Market by Region, CAGR % 2017-2023
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience a growth at a CAGR of x.x% over the period of 2017-2023.
The report provides profiles of the companies in the global photovoltaics market such as, Kaneka Corporation, Mitsubishi Electric Corporation, Sharp Corporation, Panasonic Corporation, Jinko Solar, Suntech Power Holdings Co. Ltd., Trina Solar, Kyocera Corporations and Canadian Solar.
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global photovoltaics market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of photovoltaics market.
Moreover, the study highlights current market trends and provides forecast from 2017-2023. We also have highlighted future trends in the photovoltaics market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers and distributors of the photovoltaics market to understand the present and future trends in this market and formulate their strategies accordingly.
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