Market Highlights: Solar Photovoltaic market is expected to mark significant growth over forecasted period owing to increasing consumers spending on improvement in material efficiency, production optimization and technological advancement. There has been significant rise in effectiveness use of solar photovoltaic with figure stood up to 43% in China alone in 2019, the future for solar photovoltaic looks promising. The major companies are adding more proven technologies systematically and strategically in Asia-Pacific countries as these countries are focused on fastest-growing verticals in the agricultural automation, infrastructure/building sector. The market study is being classified by Type (Monocrystalline wafer and Multicrystalline wafer/Polycrystalline wafer), by Application (Energy, Industrial, Commercial, Residential and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the Solar Photovoltaic are Targray (Canada), Lanco (India), LDK (China), REC (India), Solarworld (Germany), MEMC (United States) and Nexolon (South Korea).
Major Market Development Highlights In March 2019, SPI Energy Co., Ltd. completely acquired THERMI SUN S.A. This acquisition is beneficial in providing renewable energy solutions and crypto-miner hosting services for residential, commercial and utility customers. In March 2019, Talesun Solar launched a super PV Module which is beneficial in providing latest high efficiency module in China. It also offers super high power module solution that used for propitious to spatial utilization rate, output yield, power generation efficiency and the LCoE.
Key Questions Answered in the Report What will the Solar Photovoltaic Market size and the growth rate be in Future? What are the key factors driving the Solar Photovoltaic Market? What are the key market trends and macro-economic impacting the growth of the Solar Photovoltaic Market? What are the challenges to market growth? Who are the key vendors in the Solar Photovoltaic Market? What are the market opportunities and threats faced by the vendors in the Solar Photovoltaic Market? Trending factors influencing the market shares of the Manufacturers. What are the key outcomes of the five forces analysis of the Solar Photovoltaic Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Solar Photovoltaic market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Solar Photovoltaic market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Solar Photovoltaic Manufacturers, Solar Photovoltaic Traders, End-Use Market Participants of Different Segments of Solar Photovoltaic, Government and Research Organizations, R&D Institutions and Others. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.