Transparency Market Research announces the release of a new report titled “Solar Photovoltaic (PV) Installation Market Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 2018”. According to the report, the global solar photovoltaic installation market is anticipated to expand at a 10.70% CAGR from 2012 to 2018 to reach a value of US$145.9 bn by 2018.
Solar photovoltaic is an excellent source of renewable energy that presents higher efficiency output. This is a key factor driving the solar photovoltaic installation market. In addition, wide range of applications in different sectors, the rising awareness regarding the reduction of carbon footprint, government initiatives and schemes, low cost of installation and maintenance, and constantly evolving technologies have also driven the global solar photovoltaic installation market over the years. Asia Pacific presents strong potential for growth, according to the report. On the down side, limited life of batteries, wet climate in certain regions deteriorating the quality of solar panels, revised feed in tariffs, irregular intensities of solar radiations, and oversupply conditions in certain regions are some of the major challenges that the solar photovoltaic installation market faces.
In order to give readers a better understanding of the scope and dynamics of the solar photovoltaic installation market, the report studies the overall market by segmenting it on the basis of grid type, application, technology, and geography. Based on grid type, the solar photovoltaic installation market is bifurcated into off-grid solar PV and grid-connected solar PV. By technology, the market is segmented into thin film solar PV, crystalline silicon solar PV, and others such as organic solar PV and concentrator PV.
On the basis of application, the solar photovoltaic installation market is categorized into utility scale, commercial, and residential solar PV systems. The use of solar photovoltaic installations in the commercial and residential sectors has risen substantially over the past few years, with major installations in hotels, offices, and hospitals.Geographically, the global solar photovoltaic installation market is divided into Europe, the Middle East, and Africa (EMEA), Asia Pacific, North America, and the Rest of the World. Europe currently dominates the worldwide solar photovoltaic installation market. Asia Pacific is anticipated to witness considerable growth over the next three years owing to rising demand for solar PV systems in countries such as Japan, China, and India.
The research report features a detailed section on the competitive landscape of the solar photovoltaic installation market. Key players are identified and reviewed based on key criteria such as business overview, financial standing, recent developments, and business strategies. With the help of SWOT analysis, the strengths, weaknesses, opportunities, and threats of the major players are discussed. In addition, Porter’s Five Forces give readers a clear understanding of the impact of buyers, suppliers, competitors, substitutes, and new entrants on the overall vendor landscape.
The noteworthy players competing in the global solar photovoltaic installation market include Yingli Green Energy Holding Co. Ltd., Solar World AG, Trina Solar Ltd., Sun Power Corporation, Suntech Power Holding Co. Ltd., Jinko Solar Holding Company Ltd. Corporation, Schott Solar AG, Canadian Solar Inc., First Solar Inc., Solar Frontier Ltd., and Sharp Corporation.