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Photovoltaic Market by Components (Balance of System, Inverters, Modules), Material (Silicon Photovoltaic Cells, Thin Film Photovoltaic (PV) Cells), Cell Type, Installation, Application - Global Forecast 2024-2030

Publisher 360iResearch
Published Apr 17, 2024
Length 196 Pages
SKU # IRE18713501

Description

Photovoltaic Market by Components (Balance of System, Inverters, Modules), Material (Silicon Photovoltaic Cells, Thin Film Photovoltaic (PV) Cells), Cell Type, Installation, Application - Global Forecast 2024-2030


The Photovoltaic Market size was estimated at USD 9.00 billion in 2023 and expected to reach USD 9.92 billion in 2024, at a CAGR 10.64% to reach USD 18.28 billion by 2030.

Photovoltaic (PV) is a technology that transforms sunlight into electricity and utilizes the photovoltaic effect to generate electrical power from sunlight. Photovoltaic technology is a key component of solar power systems, which are increasingly used for generating clean and renewable energy. Solar energy is harnessed in various applications, ranging from small-scale residential installations to large-scale solar farms. Adopting photovoltaic technology plays a significant role in the change to more sustainable and environmentally friendly sources of electricity. The rising government initiatives and investment in renewable energy projects and increasing viability of battery storage solutions fuel the market growth. A growing understanding of environmental issues and the desire to reduce carbon footprints have increased interest in clean and sustainable energy sources. However, high costs associated with photovoltaic manufacturing and installations and certain environmental issues hamper the market growth. Moreover, innovations in PV technologies, financial mechanisms, and environmental policies continue to shape the market landscape. Growing technological advancement and strategic activities among market players to support the development of photovoltaics provide opportunity factors in the market.



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Table of Contents

196 Pages
1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Surge in usage of photovoltaic energy in industrial applications
5.1.1.2. Favorable government policies and initiatives to promote solar PV installation
5.1.1.3. Rising activities of solar installations across the globe
5.1.2. Restraints
5.1.2.1. High costs associated with photovoltaic manufacturing and installations
5.1.3. Opportunities
5.1.3.1. Growing technological advancement in solar photovoltaic cells
5.1.3.2. Strategic activities among market players to support the development of photovoltaic
5.1.4. Challenges
5.1.4.1. Issue associated with environmental impacts and land acquisitions for the deployment of solar PV
5.2. Market Segmentation Analysis
5.2.1. Components: Balance of system provides efficient and safe operation of PV systems
5.2.2. Cell Type: Quarter cell PV modules advanced the technology to boost efficiency and performance
5.2.3. Installation: Building-integrated photovoltaics installation provides significant savings on materials and electricity
5.2.4. Application: Significant adoption of photovoltaic in commercial & industrial applications
5.3. Market Disruption Analysis
5.4. Porter’s Five Forces Analysis
5.4.1. Threat of New Entrants
5.4.2. Threat of Substitutes
5.4.3. Bargaining Power of Customers
5.4.4. Bargaining Power of Suppliers
5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis
6. Photovoltaic Market, by Components
6.1. Introduction
6.2. Balance of System
6.3. Inverters
6.4. Modules
7. Photovoltaic Market, by Material
7.1. Introduction
7.2. Silicon Photovoltaic Cells
7.3. Thin Film Photovoltaic (PV) Cells
8. Photovoltaic Market, by Cell Type
8.1. Introduction
8.2. Full Cell PV Modules
8.3. Half-Cut Cells PV Modules
8.4. Quarter Cells PV Modules
9. Photovoltaic Market, by Installation
9.1. Introduction
9.2. Building-Integrated PV
9.3. Floating PV
9.4. Ground-Mounted
10. Photovoltaic Market, by Application
10.1. Introduction
10.2. Commercial & Industrial
10.3. Residential
10.4. Utilities
11. Americas Photovoltaic Market
11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States
12. Asia-Pacific Photovoltaic Market
12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam
13. Europe, Middle East & Africa Photovoltaic Market
13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom
14. Competitive Landscape
14.1. Market Share Analysis, 2023
14.2. FPNV Positioning Matrix, 2023
14.3. Competitive Scenario Analysis
14.3.1. LONGi's Expansion in Overseas Photovoltaic Production Continues as Serendah Module Factory in Selangor Officially Starts Operations
14.3.2. Sonnedix Completes Acquisition of 416MWp Chilean Solar PV Portfolio from Enel Chile
14.3.3. NLC India Secures 810 MW Solar Photovoltaic Project in Rajasthan
14.4. Strategy Analysis & Recommendation
15. Competitive Portfolio
15.1. Key Company Profiles
15.2. Key Product Portfolio
FIGURE 1. PHOTOVOLTAIC MARKET RESEARCH PROCESS
FIGURE 2. PHOTOVOLTAIC MARKET SIZE, 2023 VS 2030
FIGURE 3. GLOBAL PHOTOVOLTAIC MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. GLOBAL PHOTOVOLTAIC MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. GLOBAL PHOTOVOLTAIC MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. PHOTOVOLTAIC MARKET DYNAMICS
FIGURE 7. GLOBAL PHOTOVOLTAIC MARKET SIZE, BY COMPONENTS, 2023 VS 2030 (%)
FIGURE 8. GLOBAL PHOTOVOLTAIC MARKET SIZE, BY COMPONENTS, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. GLOBAL PHOTOVOLTAIC MARKET SIZE, BY MATERIAL, 2023 VS 2030 (%)
FIGURE 10. GLOBAL PHOTOVOLTAIC MARKET SIZE, BY MATERIAL, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. GLOBAL PHOTOVOLTAIC MARKET SIZE, BY CELL TYPE, 2023 VS 2030 (%)
FIGURE 12. GLOBAL PHOTOVOLTAIC MARKET SIZE, BY CELL TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. GLOBAL PHOTOVOLTAIC MARKET SIZE, BY INSTALLATION, 2023 VS 2030 (%)
FIGURE 14. GLOBAL PHOTOVOLTAIC MARKET SIZE, BY INSTALLATION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. GLOBAL PHOTOVOLTAIC MARKET SIZE, BY APPLICATION, 2023 VS 2030 (%)
FIGURE 16. GLOBAL PHOTOVOLTAIC MARKET SIZE, BY APPLICATION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. AMERICAS PHOTOVOLTAIC MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 18. AMERICAS PHOTOVOLTAIC MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. UNITED STATES PHOTOVOLTAIC MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 20. UNITED STATES PHOTOVOLTAIC MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. ASIA-PACIFIC PHOTOVOLTAIC MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 22. ASIA-PACIFIC PHOTOVOLTAIC MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 23. EUROPE, MIDDLE EAST & AFRICA PHOTOVOLTAIC MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 24. EUROPE, MIDDLE EAST & AFRICA PHOTOVOLTAIC MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 25. PHOTOVOLTAIC MARKET SHARE, BY KEY PLAYER, 2023
FIGURE 26. PHOTOVOLTAIC MARKET, FPNV POSITIONING MATRIX, 2023

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