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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.


             Low Operation and maintenance cost

             Availability of government incentives and loans for growth and expansion


             Dependency on climate


             The Belt and Road Forum


             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




By Type

Organic PV

Inorganic PV

By End User




By Region

North America




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

    Key Data from Secondary Research

       2.1.2. Primary Research

    Key Data from Primary Research

    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)


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