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Photovoltaic Market By Component (Cells - Thin Films PV Cells Crystalline Silicon PV Cells) By Type (Organic PV, Inorganic PV), By End User (Utility, Military & Space Power Plants, Residential, Non-Residential) - Global Trend Analysis and Industry Forecast, 2018-2023

 Semiconductors and Electronics

Report Overview

Global Photovoltaic Market was valued at USD 144.34 Billion in the year 2017. The global Photovoltaic market is further estimated to grow at a CAGR of 19.92% from 2018 to 2023 to reach USD 429.36 Billion. Asia Pacific region holds the highest market share in 2017 and North America market is considered as the fastest growing market in the forecasted period. At a country level China, Japan, and Germany hold the highest market share in 2017 and it is projected to grow at a strongly in the coming years.

Robert Bosch GmbH (Germany), Sharp Corporation (Japan), Mitsubishi Electric Corporation (Japan), Panasonic Corporation. (Japan), China Sunergy (China), Canadian Solar Inc. (Canada), Morgan Solar Inc. (Canada), JA SOLAR Co, Ltd. (China), are some of the key players in the Global Photovoltaic market with Robert Bosch GmbH holding the substantial market share. Rising research and development expenses to cater changing demand of end users, similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.

Drivers:

             Low Operation and maintenance cost

             Availability of government incentives and loans for growth and expansion

Restraints:

             Dependency on climate

Opportunities:

             The Belt and Road Forum

Challenges:

             The availability of solar radiation can differ depending on location

The major share of the market comes from Utility sector in Global Photovoltaic Market. As Utility sector contains military, space and power plants which can invest more in the utilization of energy.

On the other hand, Organic PV type for this market is expected to grow at the highest CAGR during the year 2018-2023. Whereas Inorganic PV holds the notable market share because of its large availability across regions.

Key Benefits for Stakeholders

Photovoltaic Manufacturers, Distributors and Retailers

Research and Consulting organization

Technology Standards Organizations, Forums, Alliances and Associations

End-use industries

Regulatory bodies, policy actors, and consumers.

By Component

Cells

Trackers

Optics

By Type

Organic PV

Inorganic PV

By End User

Utility

Residential

Non-Residential

By Region

North America

Europe

Asia-Pacific

LAMEA

Key Market Players

Robert Bosch GmbH (Germany)

Panasonic Corporation (Japan)

Sharp Corporation (Japan)

Mitsubishi Electric Corporation (Japan),

Morgan Solar Inc. (Canada)

JA SOLAR Co, Ltd. (China)

Canadian Solar Inc. (Canada)

China Sunergy (China)

(A brief overview of another 13 companies is also provided) 

Research Methodology:

Genesis Market Insights follows in-depth Research Methodology focused on reducing deviation in the collected data. GMI offers the most precise evaluations and projection for the market numbers. GMI engages following Market Engineering techniques –

  1. Raw Market Data is collected and compared with the Existing in-house Data on a broad front.
  2. Both Bottom-Up and Top-Down approaches are analyzed for segmenting and estimating measurable aspects of the market.
  3. To avoid bias, we filter the collected data collected from authenticated sources.
  4. GMI has a well proven Statistical Modeling System for estimates and forecasts.
  5. Further, the report findings are validated with the Industry Expert Panel on face to face or telephonic interviews.
  6. Panelists are approached from Leading Enterprises across the value chain including manufacturers, suppliers, technology providers, domain experts and buyers so as to validate a thorough and balanced market overview.

Detailed customization is also available for you. Further, if the report listed above does not meet your key requirements. Our customized research report will analytically cover the required market information you need which will help you to plan your business decisions.

Table Of Content

1. Introduction

1.1 Market Vision

       1.1.1 Market Definition

       1.1.2 Market Scope

1.2 Limitations

1.3 Stakeholders

2. Research Methodology

2.1. Research Process

       2.1.1. Secondary Research

             2.1.1.1. Key Data from Secondary Research

       2.1.2. Primary Research

             2.1.2.1. Key Data from Primary Research

             2.1.2.2. Breakdowns of Primary Interviews

2.2. Market Size Estimation

       2.2.1. Bottoms-Up Approach

       2.2.2. Top-Down Approach

       2.2.3. Annual Revenue Process

2.3. Data Triangulation 

2.4. Research Assumptions 

       2.4.1. Assumption

3. Executive Summary

4. Market Overview

4.1. Introduction

4.2. Drivers

4.3. Restraints

4.4. Opportunities

4.5. Challenges

4.6. Regulations

4.7. Supply Chain/Value Chain Analysis

4.8. Patent & Standards

5. Industry Trends

5.1. Introduction

5.2. Porter’s Five Forces Analysis

       5.2.1. Threat of New Entrants

       5.2.2. Threat of Substitutes

       5.2.3. Bargaining Power of Buyers

       5.2.4. Bargaining Power of Suppliers

       5.2.5. Intensity of Competitive Rivalry

6. Photovoltaic Market, By Component

6.1 Cells

      6.1.1 Thin Films PV Cells

6.2 Trackers

6.3 Optics

7. Photovoltaic Market, By Type

7.1 Organic PV

7.2 Inorganic PV

8. Photovoltaic Market, By End User

8.1 Utility

      8.1.1 Military & Space

      8.1.2 Power Plants

8.2 Residential

8.3 Non-Residential

9. Geographical Analysis

9.1. Introduction

9.2. North America

       9.2.1. U.S.

       9.2.2. Canada

       9.2.3. Mexico

9.3. Europe

       9.3.1. U.K.

       9.3.2. Germany

       9.3.3. Russia

       9.3.4. RoE

9.4. Asia Pacific

       9.4.1. South Korea

       9.4.2. China

       9.4.3. Japan

       9.4.4. RoAPAC

9.5. RoW

       9.5.1. Latin America

       9.5.2. Middle East and Africa

10. Company Profiles

(Business Overview, Financial Overview, Product write Up, Recent Developments)

10.1 Robert Bosch GmbH

10.2 BP plc.

10.3 Greenshine New Energy

10.4 Canadian Solar Inc.

10.5 China Sunergy

10.6 Sharp Corporation

10.7 Morgan Solar Inc.

10.8 Mitsubishi Electric Corporation

10.9 JA SOLAR Co, Ltd.

(A brief overview of another 13 companies is also provided) 

11. Competitive Analysis

11.1. Introduction

11.2. Market Positioning of Key Players

11.3 Competitive Strategies Adopted by Leading Players

        11.3.1. Investments & Expansions

        11.3.2. New Product Launches

        11.3.3. Mergers & Acquisitions

        11.3.4. Agreements, Joint Ventures, and Partnerships

12. Appendix

12.1. Questionnaire

12.2. Available Customizations 

12.3. Upcoming Events (Trade Fair, Exhibitions, Conferences)

 

List of Tables (81 Tables) 

Table 1 Supportive Government Policies And initiatives Are Driving The PV  Market 
Table 2 High Cost of PV  Devices And Supportive Systems is The Major Restraint in The PV  Market 
Table 3 Declining Photovoltaic System Costs Are Creating An Opportunity in The Market 
Table 4 Availability of Operative Land is Posing As A Challenge in The PV  Market 
Table 5 Global Photovoltaic Market Size, 2017-2023($Billion And Mw) 
Table 6 Global Photovoltaic Market, Annual installation Capacity Vs Cumulative installation Capacity, 2017-2023(in Mw) 
Table 7 Global Photovoltaic Market, Annual installation Capacity Vs Cumulative installation Capacity, 2017-2023(Year-On-Year Growth) 
Table 8 Global Photovoltaic Market Size, By Type, 2017-2023($Billion) 
Table 9 Global Photovoltaic Market Annual installation Capacity, By Type, 2017-2023(in Mw)  
Table 10 Organic Photovoltaic: Global Photovoltaic Market Size, By Application, 2017-2023($Billion) 
Table 11 Organic PV: Global Photovoltaic Market, Annual installation Capacity, By Application 2017-2023(in Mw)  
Table 12 Inorganic Photovoltaic: Global PV Market, By Application, 2017-2023($Billion) 
Table 13 Inorganic PV: Global Photovoltaic Market, Annual installation Capacity, By Application, 2017-2023(in Mw)  
Table 14 Global Photovoltaic Market Size, By Type, 2017-2023($Billion And Mw) 
Table 15 Global PV Market, Annual installation Capacity, By Type, 2017-2023(Year-On-Year Growth)  
Table 16 Cells: Global Photovoltaic Market Size, By Type, 2017-2023($Billion) 
Table 17 Cells: Global PV Market, Annual installation Capacity, By Type, 2017-2023(in Mw)  
Table 18 Crystalline Silicon: Global PV Market Size, By Type, 2017-2023($Billion) 
Table 19 Crystalline Silicon: Global PV Market, Annual installation Capacity, By Type, 2017-2023(in Mw)  
Table 20 Thin Film: Global Photovoltaic Market Size, By Type, 2017-2023($Billion) 
Table 21 Thin Film: Global PV Market, Annual installation Capacity, By Type, 2017-2023(in Mw)  
Table 22 Crystalline Silicon Cells: Global PV Market Size, By Geography, 2017-2023($Billion)  
Table 23 Crystalline Silicon Cells: Global PV Market, Annual installation Capacity, By Geography, 2017-2023(in Mw) 
Table 24 Thin Film Cells: Global Photovoltaic Market Size, By Geography, 2017-2023($Billion)  
Table 25 Thin Film Cells: Global PV Market Size, Annual installation Capacity, By Geography, 2017-2023(in Mw)  
Table 26 Other PV  Cells: Global Photovoltaic Market Size, By Geography, 2017-2023($Billion)  
Table 27 Other PV  Cells: Global PV Market, Annual installation Capacity, By Geography, 2017-2023(in Mw)  
Table 28 Amorphous Silicon Cells: Global PV Market Size, By Geography, 2017-2023($Billion)  
Table 29 Amorphous Silicon Cells: Global PV Market, Annual installation Capacity, By Geography, 2017-2023(in Mw) 
Table 30 CDTE Cells: Global Photovoltaic Market Size, By Geography, 2017-2023($Billion) 
Table 31 CDTE Cells: Global PV Market, Annual installation Capacity, By Geography, 2017-2023(in Mw)  
Table 32 CIS/CIGS Cells: Global Photovoltaic Market Size, By Geography, 2017-2023($Billion) 
Table 33 CIS/CIGS Cells: Global PV Market, Annual installation Capacity, By Geography, 2017-2023(in Mw)  
Table 34 Other Thin Film Cells: Global Photovoltaic Market Size, By Geography, 2017-2023($Billion)  
Table 35 Other Thin Film Cells: Global PV  Market, Annual installation Capacity, By Geography, 2017-2023(in Mw)  
Table 36 Global Photovoltaic Market Size, By Type, 2017-2023($Billion And Mw) 
Table 37 Global Photovoltaic Market, Annual installation Capacity, By Type, 2017-2023(Year-On-Year Growth)  
Table 38 Global Photovoltaic Market Size, By Application, 2017-2023($Billion) 
Table 39 Global Photovoltaic Market, Annual installation Capacity, By Application, 2017-2023(in Mw)  
Table 40 Utility: Global Photovoltaic Market Size, By Sub-Application, 2017-2023($Billion) 
Table 41 Utility: Global PV Market Size, Annual installation Capacity, By Sub-Application, 2017-2023(in Mw)  
Table 42 Utility: Global PV Market Size, By Power Plant Application, 2017-2023($Billion)  
Table 43 Utility: Global PV Market Size, By Military Application, 2017-2023($Billion)  
Table 44 Utility: Global PV Market, By Other Application, 2017-2023($Billion) 
Table 45 Global Photovoltaic Market Size, By Geography, 2017-2023($Billion) 
Table 46 Global PV Market, Annual installation Capacity, By Geography, 2017-2023(in Mw)  
Table 47 Global PV Market, Cumulative Market installation Capacity, By Geography, 2017-2023(in Mw)  
Table 48 Global PV Modules Market, Average Selling Prices, By Geography, 2017-2023($/Watt)  
Table 49 North America Global Photovoltaic Market Size, By Country, 2017-2023( $Billion) 
Table 50 North America: Global Photovoltaic Market, Annual installation Capacity, 2017-2023(in Mw)  
Table 51 North America: Global Photovoltaic Market Size, By Thin Film Cells, 2017-2023($Billion)  
Table 52 North America: Global PV Market, Annual installation Capacity, By Thin Film Cells, 2017-2023(in Mw) 
Table 53 Europe Global Photovoltaic Market Size, By Country, 2017-2023($Billion) 
Table 54 Europe: Global PV Market, Annual installation Capacity, By Country, 2017-2023(in Mw)  
Table 55 Europe: Global PV Market Size, By Thin Film Cells, 2017-2023($Billion) 
Table 56 Europe: Global PV Market, Annual installation Capacity, By Thin Film Cells, 2017-2023(in Mw)  
Table 57 APAC Global Photovoltaic Market Size, By Country, 2017-2023($Billion) 
Table 58 APAC: Global PV Market, Annual installation Capacity, By Country, 2017-2023(in Mw)  
Table 59 APAC: Global PV Market Size, By Thin Film Cells, 2017-2023($Billion) 
Table 60 APAC: Global PV Market, Annual installation Capacity, By Thin Film Cells, 2017-2023(in Mw) 
Table 61 ROW: Global Photovoltaic Market Size, By Country, 2017-2023($Billion) 
Table 62 ROW: Global PV Market, Annual installation Capacity, By Country, 2017-2023(in Mw)  
Table 63 ROW: Global PV Market Size, By Thin Film Cells, 2017-2023($Billion) 
Table 64 ROW: Global PV Market, Annual installation Capacity, By Thin Film Cells, 2017-2023(in Mw) 
Table 65 New Product Launches, 2011–2017 
Table 66 Partnerships, Contract, Agreements , And Joint Ventures 
Table 67 Mergers And Acquisitions 
Table 68 Expansions 
Table 69 Other Developments 
Table 70 Major Strategies Adopted By Kaneka 
Table 71 inorganic Growth Strategies Majorly Adopted By Kyocera 
Table 72 New Product Development is The Major Strategy Adopted By Mitsubishi 
Table 73 New Product Development is Major Strategy Adopted By Panasonic Corp.  
Table 74 Agreements And Participation in Exhibition is Major Development Strategy For Sharp Corp. 
Table 75 Major Strategies Adopted By Ja Solar 
Table 76 Agreements is Major Development Strategy Adopted By Jinko Solar 
Table 77 Agreements And Certification is The Major Development Strategy Adopted By Renesola 
Table 78 inorganic Growth Strategies Majorly Adopted By Suntech 
Table 79 Agreements And Acquisition is Major Development Strategy For Trina Solar  
Table 80 Agreements And Contracts Comprise The Major Development Strategy For Yingly  
Table 81 Agreements is Major Development Strategy Adopted By Canadian Solar 
  
List of Figures  (81 Figures)    
  
Figure 1 Markets Covered 
Figure 2 Photovoltaic Market Research Methodology 
Figure 3 increasing Co2 Levels Causing Global Warming And Climate Change 
Figure 4 Decreasing Fossil Fuel Reserves: A Real Concern 
Figure 5 Increasing Electricity Prices: Snapshot of increase in Average Electricity Prices Per Unit in U.S. Between 1990 And 2013 
Figure 6 Market Size Estimation Methodology: Bottom-Up Approach 
Figure 7 Market Size Estimation Methodology: Top-Down Approach 
Figure 8 Break Down of Primary interviews: By Company Type, By Designation, And By Region  
Figure 9 Market Break Down And Data Triangulation 
Figure 10 Photovoltaic Market Snapshot (2013 Vs 2020): Market For Utility Application Likely To Lead The Market By 2023
Figure 11 Photovoltaic Market, By Type, 2017 
Figure 12 Global Photovoltaic Market Share, By Region - 2017 
Figure 13 Global Market Application Market 
Figure 14 Global Market Type Market 
Figure 15 Growing Government Support is Majorly Driving The Photovoltaic Market 
Figure 16 Utility To Grow at The Fastest Rate Among Other Applications in The Photovoltaics Market 
Figure 17 Utility Application Captured The Major Share in The Photovoltaic Market 
Figure 18 China is The Largest Share Holder in The Photovoltaics Market 
Figure 19 APAC Holds The Lion’s Share in The Overall Photovoltaic Market 
Figure 20 APAC To Hold The Major Share in The Thin Film Photovoltaic Market During The Forecast Period 
Figure 21 China Occupies The Major Share of The Market – Japan is Expected To GrowAt The Higest Growth Rate 
Figure 22 Inorganic Photovoltaics Type Holds The Major Share of The Photovoltaic Market 
Figure 23 Europe Market Enters Maturity Stage - Life Cycle Analysis, By Geographic Region  
Figure 24 Photovoltaic Market: Evolution 
Figure 25 Photovoltaic Market By Type 
Figure 26 Photovoltaic Market By Component 
Figure 27 Photovoltaic Market By Application 
Figure 28 Photovoltaic Market By Geography 
Figure 29 Government Support For Solar System installations is Driving The PV  Market 
Figure 30 Drivers For The Japanese PV  Market 
Figure 31 PV  Market: Value Chain Analysis 
Figure 32 Porters Five Forces Analysis: Photovoltaic Market 
Figure 33 Buyers’ Bargaining Power: PV  Market, 2017 
Figure 34 Threat From Substitutes: Photovoltaic Market, 2017 
Figure 35 Suppliers Bargaining Power: Photovoltaic Market, 2017 
Figure 36 Threat From New Entrants: PV Market, 2017 
Figure 37 Degree of Competition: Photovoltaic Market, 2017 
Figure 38 Strategic Benchmarking: Companies in The PV  Market Are Setting Benchmarks By Signing And Entering into Contracts, Agreements, And Joint Ventures 
Figure 39 Photovoltaic Market, By Type 
Figure 40 Inorganic Photovoltaic is Expected To Hold The Major Market Share Till 2023
Figure 41 Utility Application Likely To Dominate The Organic Photovoltaic Market During The Forecast Period 
Figure 42 Utility Application Likely To Dominate The inorganic Photovoltaic Market During The Forecast Period 
Figure 43 Market By Component 
Figure 44 Thin Film PV  Cell is Expected To Grow at The Highest Rate Between 2017 And 2023 
Figure 45 Multicrystalline Silicon PV  Cell To Hold The Major Market Share 
Figure 46 Types of Thin Film Photovoltaic Modules 
Figure 47 Dro For Amorphous Silicon (A-Si) Thin Film Photovoltaic Cells 
Figure 48 Dro For Cadmium Telluride (CDTE) Thin Film Photovoltaic Cells 
Figure 49 Dro For Ucopper indium (Gallium) Diselenide (Cis Or Cigs) Thin Film PV  Cells  
Figure 50 Amorphous Silicon is Expected To Dominate Thin Film PV  Market During The Forecast Period 
Figure 51 APAC is Expected To Lead Crystalline Silicon Cell Photovoltaic Market During The Forecast Period 
Figure 52 APAC is Expected To Lead Thin Film Cell Photovoltaic Market During The Forecast Period 
Figure 53 APAC is Expected To Lead The Other Photovoltaic Cell Market During The Forecast Period 
Figure 54 APAC is Expected To Lead The Amorphous Silicon Cells Market During The Forecast Period 
Figure 55 APAC is Expected To Lead CDTE Cells Market During The Forecast Period 
Figure 56 APAC is Expected To Lead The CIS/CIGS Cells Market During The Forecast Period 
Figure 57 APAC is Expected To Lead The Other Thin Film Cells Market During The Forecast Period 
Figure 58 Classification of Solar Trackers 
Figure 59 Photovoltaic Market, By Application 
Figure 60 Utility Application is Expected To Hold The Major Market Share Till 2023
Figure 61 Power Plant Application is Expected To Grow At The Highest Rate Between 2017 And 2023
Figure 62 Photovoltaic Market, By Geography 
Figure 63 Photovoltaic Market: Geographic Snapshot (2013) 
Figure 64 APAC Likely To Hold The Major Market Share Among Other Regions 
Figure 65 U.S. Likely To Command The Major Market Share Till 2023
Figure 66 CIS/CIGS is Expected To Grow At The Highest Rate in North America 
Figure 67 European Photovoltaic Market: Overview 2017 
Figure 68 Germany Likely To Account For The Major Photovoltaic Market Share in Europe 
Figure 69 Amorphous Silicon is Expected To Hold The Major Market Share in Europe 
Figure 70 APAC Photovoltaic Market: Overview 
Figure 71 China Likely To Dominate The Photovoltaic Market Till 2023
Figure 72 CIS/CIGS is Expected To Grow At The Highest Rate in APAC 
Figure 73 Latin America is Expected To Grow At Highest Rate Between 2017 And 2023 
Figure 74 CIS/CIGS is Expected To GrowAt The Highest Rate in ROW 
Figure 75 Companies Adopted Agreements And Contracts As The Key Growth Strategy (2012-2017) 
Figure 76 Jinko Solar Registered The Highest Growth Rate, Followed By Yingli Solar Between 2011 And 2013  
Figure 77 Photovoltaic Market Share, By Key Player, 2017 
Figure 78 Market Evolution Framework- increasing Number of Agreements And Contracts Has Fueled Growth And innovation 
Figure 79 Battle For Market Share: Partnerships, Contract Agreements, Joint Ventures, And Collaborations Was The Key Strategy 
Figure 80 Geographic Revenue Mix of Top 5 Market Players 
Figure 81 Competitive Benchmarking of Key Market Players (2011-2017): Jinko Solar Leads With The Highest Cagr Related Revenue Growth For The Past 3 Years 

 

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