Analysts forecast the Solar PV market in Asia to grow at a CAGR of 23.7 percent over the period 2014-2019.
This report covers the present scenario and the growth prospects of the Solar PV market in Asia for the period 2015-2019. To calculate the market size, the report considers the cumulative installed capacity of solar PV in the following Asian countries:
- South Korea
The report provides the market segmentation by end-users, which are the Utilities, Commercial, Residential, and Off-grid sectors.
Solar PV Market in Asia 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers five major countries; it also covers the landscape of the Solar PV market in Asia and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
The report recognizes the following companies as the key players in the Solar PV Market in Asia: AU Optronics Corp (BenQ Solar), Hangzhou First PV Material Co., Panasonic Corp., Sharp Corp., Shunfeng Photovoltaic International Ltd. and SunEdison.
Other Prominent Vendors in the market are: Hanwha Solarone, JA Solar, Jinko Solar, Kyocera, Trina Solar and Yingli Green Energy.
One of the major trends in this market is the increase in awareness about the technology. Various national authorities across the globe are encouraging companies to manufacture PV modules.
According to the report, one of the major drivers of this market is the increase in government support. There has been a continuous increase in government support in terms of FIT and PPA. Moreover, there are several other factors that are driving the growth of this market.
Further, the report states that the uncertainty in policies is a significant threat to market vendors. This leads to delays in project approvals resulting in increased costs and installation time.
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