What is Solar Photovoltaic Installations Market?
Solar photovoltaic installation is a business service that refers to the installation of solar PV systems either on root or ground. Solar PV is a technology that produces energy from sunlight that is mounted with single-phase or three-phase inverters to convert DC power into AC power. Further, the increasing initiative of government to install solar systems in rural areas where no other source of electricity. The roof is the most common and highly preferable location for the installation of solar PVs as most roof has desired specifications for the installation and no object blocking the sunlight.
|Unit||Value (USD Million)|
|Key Companies Profiled||Tata Power Solar (India), Mahindra Susten (India), IBC Solar (Germany), Kyocera Solar, Inc. (United States), Sharp Corporation (Japan), Koolen Industries (Netherlands), Canadian Solar (Canada), Panasonic (Japan), Vivint Solar (United States), Sunpro Solar (United States), Evergreen Solar (United States), Agera Energi (Sweden) and Agronola Energi (Sweden)|
The market study is being classified by Type (Monocrystalline Solar PV Panels., Polycrystalline Solar PV Panels. and Thin Film (Amorphous) Solar PV Panels), by Application (Residential and Commercial) and major geographies with country level break-up. According to AMA, the Global Solar Photovoltaic Installations market is expected to see steady growth rate.
Tata Power Solar (India), Mahindra Susten (India), IBC Solar (Germany), Kyocera Solar, Inc. (United States), Sharp Corporation (Japan), Koolen Industries (Netherlands), Canadian Solar (Canada), Panasonic (Japan), Vivint Solar (United States), Sunpro Solar (United States), Evergreen Solar (United States), Agera Energi (Sweden) and Agronola Energi (Sweden) are some of the key players profiled in the study.
The market is highly fragmented with a large number of service providers and companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new product launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Solar Photovoltaic Installations market throughout the forecasted period.
Analyst at AMA have segmented the market study of Global Solar Photovoltaic Installations market by Type, Application and Region.
On the basis of geography, the market of Solar Photovoltaic Installations has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- High Growth of Renewable Energy Sector and Installment of Solar Plants in the Developing Countries like India and China
- Growing Need for Solar or Other Renewable Energy to Reduce the Dependence on Fossil Fuel or Coal to Generate Electricity
- Emerging Trend of Three-Phase Grid-Connected Solar PV Systems to Produce a Large Amount of Energy
- Intermittency Problems Associated with Solar Energy & PV Cells and Panels Can easily Damage
- Increased Installation Solar PV Panels by the Residential to Reduce the Energy Bills in Rural Sectors
- The Availability of a Large Number of Solar PV Installers in the Global Market
Market Leaders and some development strategies
In 2020, Koolen Industries acquired a majority stake in solar panel installation firm BeSolar to strengthen its position in photovoltaic systems installations in the western part of the Netherlands. BeSolar is a reputed provider of solar thermal connectors and high-quality solar penal installations.
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Solar Photovoltaic Installation Service Providers, Solar PV Panels Manufacturers, Suppliers and Distributors of Solar PV Panels, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others
Frequently Asked Questions (FAQ):
1. Which factors would majorly drive the Solar Photovoltaic Installations Market?
"High Growth of Renewable Energy Sector and Installment of Solar Plants in the Developing Countries like India and China
" is seen as one of major growth factors of Solar Photovoltaic Installations Market in years to come.
2. Can we have customized study for Solar Photovoltaic Installations Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. Which region will lead the Global Solar Photovoltaic Installations Market?
United States will lead Solar Photovoltaic Installations Market in coming years.