Global Solar PV Systems Market 2017-2021


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Technavio

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About Solar PV Systems
A solar PV system, also known as a solar power system is designed to provide usable solar power by means of PVs. PVs use a semiconductor material to convert sunlight into electricity. A typical solar PV system consists of an arrangement of several components, including solar panels that absorb and convert sunlight into electricity, a solar inverter to convert the electric current from DC to AC, and other electrical accessories and cabling to set up a working solar power system. A solar PV system can range from small-scale rooftop mounted system typically utilized in residential and commercial buildings to large utility-scale ground mounted systems, which generate thousands of MW of electricity. Solar PV systems can be grid-connected or decentralized/off-grid installations in remote locations. Off-grid solar power systems can be standalone or hybrid systems coupled with other sources of energy, such as wind power.

Technavios analysts forecast the global solar PV systems market to grow at a CAGR of 20.73% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global solar PV systems market for 2017-2021. To calculate the market size, the report considers sales of complete Solar PV system i.e. Solar PV module and BOS (inverters, racking, switches, enclosures, and others) including installation cost.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Technavio's report, Global Solar PV Systems Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Jinko Solar
Trina Solar
SMA Solar Technology
Huawei Technologies
SUNGROW
Other prominent vendors
ABB
Canadian Solar
Chint Group
DAQO NEW ENERGY
Delta Group
Enphase Energy
First Solar
Flin Energy
Fronius International
GCL-Poly
Golden Concord Holdings
GoodWe (Jiangsu) Power Supply Technology
Growatt New Energy Technology
Hanwha Group
JA SOLAR
KACO new energy
Kstar New Energy
KYOCERA
Lavancha Renewable Energy
Luminous India
MICROTEK INTERNATIONAL
OMRON
Power Electronics
Pure Volt
Redback Technologies
Renesola
Risen Energy
Schneider Electric
SHANGHAI SUNVIS NEW ENERGY
Sharp Corporation
Shunfeng International Clean Energy
Sineng Electric
SolarEdge Technologies
SolaX Power
Su-Kam Power Systems
SunPower
TABUCHI ELECTRIC
Talesun
TMEIC
Vikram Solar
Voltronic Power Technology
Waaree Energies
Yingli Solar
Market driver
Declining cost of solar energy
For a full, detailed list, view our report

Market challenge
Intermittency in solar power generation
For a full, detailed list, view our report

Market trend
Floating solar PV plant
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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