Infinium Global Research has undertaken a new report on Global Photovoltaic Market: Industry Insights, Market Size, Share, Trends, Analysis, And Forecast To 2021 The report presents analysis global as well as regional markets of Photovoltaic over the period of 2015 to 2021 Moreover, the IGR-Growth Matrix given in the report provides key focus areas and investment areas the market players can focus on. The market size is presented in terms of value for the historic year 2015 and estimated for forecast period of 2016 to 2021.
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The market is primarily driven by rising awareness and environmental concerns pertaining to use of non-renewable or fossil-based fuels such as petroleum and diesel. Moreover, photovoltaic systems do not require much maintenance. In addition, photovoltaic cells and systems merely require sunlight to function and can be used anywhere across the globe. Another factor driving market growth are smart energy networks, wherein solar energy is most appropriate and is considered to be the next generation of power network structure..
However, restraints for the market include intermittency issues. Also, solar radiation is only available during the daytime hence PV systems cannot function during the night time. Moreover, another issue includes cloud covering during the rainy seasons. However, growing environmental concerns and the need to create smart energy networks is expected to drive market growth for photovoltaic systems. Moreover, rising prices of fossil-based fuels are acting as an opportunity for the photovoltaic market as solar energy can be expected to replace the other forms of fuels. The PV market is segmented in four parts on the basis of types, components, application, and region. The various types of photovoltaic include organic and inorganic. The various components of photovoltaic systems include cells, optics, and trackers. The photovoltaic systems find their application in areas such as residential, non-residential and utility applications.
On the basis of region, the market is segmented in North America, Europe, Asia Pacific, and Rest of the World. In addition, China is the largest producer of photovoltaic cells. The Chinese government has implemented a series of policies and measures that support the growth of the photovoltaic market. These factors are expected to significantly propel China to become the largest producer of photovoltaic cells globally. Furthermore, the markets in North America and Europe are expected to grow significantly due to rising environmental awareness.
The PV market in Asia Pacific is also expected grow due to the presence of developing nations like India in the region. Key players in the Photovoltaic market include Kaneka Corporation, Mitsubishi Electric Corporation, Sharp Corporation, Panasonic Corporation, Jinko Solar, Suntech Power Holdings Co. Ltd., Trina Solar, Kyocera Corporations, and Canadian Solar among others.
Reasons to buy this report
- Comprehensive analysis of global as well as regional markets of Photovoltaic(P.V) cell
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2021.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
- Infinium Global Research- Growth Matrix presents analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
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