Grid Connected PV Systems Market: Popular Trends, Geographical Segmentation, Drivers, Product Profitability And New Business Opportunities 2030
Research Reports
Apr 13, 2022
Market Highlights
The global market for grid connected PV systems is expected to grow at a ~15?GR during the forecast period, 2020–2026. Grid connected PV systems market are used to generate electricity by utilizing the solar energy and feeds the electricity back into the main electricity grid network.
Global Grid connected PV systems Market, 2020–2026
In 2019, Asia-Pacific dominated the global grid connected PV systems market in terms of share: MRFR
Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/10457
The global grid connected PV systems market has been segmented into five regions, namely, Asia-Pacific, the Middle East & Africa, Europe, North America, and South America. Asia-Pacific is expected to hold the largest share of the market during the forecast period. The growing demand for on-grid solar energy sources and the government policies and schemes drive the growth of the grid connected PV systems market in the region. Solar energy is identified as the best replacement to the conventional energy sources so as to decrease carbon footprint by meeting the electricity needs in the region. As the authorities in the region are focusing on the developments of on-grid solar energy, the demand for grid connected PV systems is expected to grow significantly during the forecast period. In japan, in September 2020, First Solar Japan, a subsidiary of First Solar (US) and Toshiba Energy Systems & Solutions Corporation signed a contract to construct two mega solar projects, namely, Yatsubo Solar Power Plant and Ikeda Solar Power Plant to supply electricity to the country’s electricity grid in Tochigi Prefecture, Japan. In India, the Government of India has set up a target ha having 100 GW of grid connected solar power installation capacity by 2022. Such factors are expected to drive the growth of the grid connected PV systems market in the Asia-Pacific region during the forecast period.
The global grid connected PV systems market has been segmented based on components, technology, grid type, and application. Based on components, the global market is divided into solar panels, power conditioning unit, grid connection equipment, inverters, and others. The solar panels segment is expected to hold the larger share of the market and grow at the fastest rate during the forecast period. Based on technology, the global market is divided into thin film, crystalline silicon, and others. The crystalline silicon m segment is expected to grow at the fastest rate during the forecast period. Based on grid type, the market is segmented into grid connected, centralized, and decentralized. The grid connected segment is expected to lead the market during the forecast period. Based on application, the market is segmented into residential, commercial, utility, and industrial. The utility segment is expected to hold the largest share of the market and it is anticipated to grow at a faster rate during the forecast period.
The global grid connected PV systems market is expected to grow at ~ 15?GR during the forecast period.
Drivers
Scope of the Report
This report provides an in-depth analysis of the global grid connected PV systems market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size and share for North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. The report also presents a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global grid connected PV systems market by components, technology, grid type, application, and region.
Request for Report Discount: https://www.marketresearchfuture.com/check-discount/10457
By Components
- Solar Panels
- Power Conditioning Unit
- Grid Connection Equipment
- Inverters
- Others
By Technology
- Thin Film
- Crystalline Silicon
- Others
By Grid Type
- Grid Connected
- Centralized
- Decentralized
By Application
- Residential
- Commercial
- Utility
- Industrial
By Region
- North America
- Asia-Pacific
- Europe
- Middle East & Africa
- South America
Key Players
The players operating in the global grid connected PV systems market are Sunpower Corporation (US), Canadian Solar Inc (Canada), Suntech Power Holding Co. Ltd. (China), First Solar Inc. (US), KYOCERA Corporation (Japan), Trina Solar (China), ReneSola Power Holdings, LLC (US), Panasonic Corporation (Japan), Sharp Corporation (Japan), JinkoSolar Holding Co., Ltd (China), Kaneka Corporation (Japan), Huawei Technologies (China), Ravano Green Powers (Italy), TRIENERGY Schweiz AG (Switzerland), and Zytech Solar (Spain).
For More Details On this Report : https://www.marketresearchfuture.com/reports/grid-connected-pv-systems-market-10457
About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
Follow Us: LinkedIn | Twitter
Contact Information:
Market Research Future® 99 Hudson Street,5Th Floor New York, New York 10013 United States of America Phone: +1 628 258 0071(US) +44 2035 002 764(UK) Email: sales@marketresearchfuture.com Website: https://www.marketresearchfuture.com
Tags:
PR-Wirein, Wire, Research Newswire, English