According to a new market research report "Photovoltaics Market By Type (Organic PV, Inorganic PV), Component (Crystalline Silicon PV Cells, Thin Film PV Cells, Modules, Optics, Trackers), Application (Residential, Non-Residential And Utility) & Geography Analysis and Forecasts to 2013-2020", the total market is expected to be worth $345.59 billion by 2020, at a CAGR of 18.30 %.
Browse 80 market data tables and 95 figures spread through 210 pages and in-depth TOC on “Photovoltaic Market - Analysis and Forecasts to 2013-2020".
Early buyers will receive 10% customization on this report.
Inquiry Before Buying @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=428
Photovoltaic (PV) systems are used to convert sunlight into electricity. They are safe, reliable, incur less operating costs, and are easy to install. The speed at which PV market is growing has introduced new challenges in the management of the electricity system. The enormous potential of solar PV and its various beneficial attributes is majorly driving the market for the same. Thus, PV is playing a vital role in the power/energy system. The PV market is likely to continue to register growth in the APAC region primarily in China and Japan. PV systems are helping in delivering clean, safe, affordable, and decentralized electricity to people.
The photovoltaics market is expected to grow from $89.52 billion in 2013 to $345.59 billion by 2020, at a CAGR of 18.30% between 2014 and 2020. The photovoltaic market is growing rapidly in many segments and applications due to various reasons such as their environmental friendly attributes, minimum maintenance, and cost saving. The major market players are investing heavily in PV technology. Furthermore, many governments are also providing various incentives and funding to this market.
This report details the market trends, drivers, and challenges with respect to the global photovoltaics market and forecasts the market till 2020, based on components, types, applications, and geography. This global report provides a bird’s eye-view of the market across geographies –that is North America, Europe, Asia-Pacific, and RoW (Rest of the World). APAC holds the largest share in the photovoltaic market and has been identified as the fastest growing region, with China and Japan occupying the major market share. Europe and North America are also considered to be promising markets, with Germany and the U.K. in Europe, and the U.S. and Canada in North America providing an impetus to the growth of the same.
The competitive landscape of the market presents valuable insights about the players in the photovoltaics market. The global photovoltaics market report profiles 12 promising players in the market and further explains their business overview, product portfolio, recent developments, and the key strategies adopted by the same. The market is witnessing numerous collaborations and partnership agreements across the value chain between tier-one companies.
Some of the major players in this market include Kaneka Corporation (Japan), Kyocera Corporation (Japan), Mitsubishi Electric Corporation (Japan), Panasonic Corporation (Japan), Sharp Corporation (Japan), JA solar Co. Ltd (China), Jinko Solar (China), ReneSola Co. Ltd (China), Suntech Power Holdings Co. Ltd (China), Trina Solar (China), Yingli Green (China), and Canadian Solar (Canada).
Speak to Analyst @ http://www.marketsandmarkets.com/speaktoanalyst.asp?id=428
MarketsandMarkets is world’s No. 2 firm in terms of annually
published premium market research reports. Serving 1700 global fortune
enterprises with more than 1200 premium studies in a year, M&M is catering
to multitude of clients across 8 different industrial verticals. We specialize
in consulting assignments and business research across high growth markets, cutting
edge technologies and newer applications. Our 850 fulltime analyst and SMEs at
MarketsandMarkets are tracking global high growth markets following the
"Growth Engagement Model – GEM". The GEM aims at proactive
collaboration with the clients to identify new opportunities, identify most
important customers, write "Attack, avoid and defend" strategies,
identify sources of incremental revenues for both the company and its
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
North - Dominion Plaza,
Suite 800, Dallas, TX 75252