Photovoltaics Market
Photovoltaics Market Analysis by Modules, Inverters, and Balance of Systems (BOS) for Commercial, Residential, Industrial, and Utilities from 2023 to 2033
Analysis of Photovoltaics Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Photovoltaics Market Outlook (2023 to 2033)
The global photovoltaics market is valued at US$ 90 billion in 2023 and is projected to expand at a CAGR of 6% to reach US$ 155 billion by 2033-end.
Photovoltaic electricity is used to power a variety of electrical equipment, including parking meters, solar lighting, charging points, and solar energy systems on solar buses and automobiles to power automobile motors. Photovoltaic electricity is frequently utilized in sun dryers to fast-dry crops in agricultural sectors, as well as in the aerospace and defense industries to power satellites in space.
Growing use of photovoltaic technology in a variety of applications drives up demand for photovoltaic devices, prompting manufacturers to deliver cutting-edge innovations to the photovoltaics market.
Atomic-level transfer of light into electricity is known as the photovoltaic (PV) effect. Some materials exhibit the photoelectric effect, which causes them to soak up photons of light and release electrons. The photovoltaic gadget is mostly used to convert sunlight into electricity. A PV cell, commonly known as a nanocomposite solar cell, is a nonmechanical device that converts sunlight directly into energy. A solar panel is made up of many PV cells, and the current and voltage of the solar panel are determined by the combined output of these PV cells.
Rising global need for renewable energy, increasing residential usage of photovoltaic systems, and technological advancements in solar cells are some of the important drivers driving photovoltaics market revenue development. Government initiatives and increased investment in photovoltaics are anticipated to fuel market revenue growth.
Building integrated photovoltaics (BIPV) depicts the notion of using PV to replace the typical structure envelop, such as windows, walls, and roofs. Perovskite solar cells are efficient and can be processed at low temperatures. Perovskite can function as both a light harvester and a hole or electron transporter. The working principle of such devices is still mostly unknown.
- For example, SC SOLAR, a China-based photovoltaic business, introduced cluster-type evaporating tools for perovskite solar cells in June 2022, which have an obvious cost advantage over traditional solar cells and are increasing in commercial value. As a result, an increasing number of companies are sponsoring the advancement of perovskite solar cells.
| Report Attributes | Details |
|---|---|
| Photovoltaics Market Size (2022) | US$ 85 Billion |
| Estimated Market Value (2023) | US$ 90 Billion |
| Forecasted Market Value (2033) | US$ 155 Billion |
| Global Market Growth Rate (2023 to 2033) | 6% CAGR |
| Inverter Component Segment Growth Rate (2023 to 2033) | 5% CAGR |
| China Market Growth Rate (2023 to 2033) | 10% CAGR |
| Canada Market Growth Rate (2023 to 2033) | 5% CAGR |
| Key Regional Market | North America |
| Key Companies Profiled | GCL System Integration; Suntech Power Co.; Sharp Corporation; Canadian Solar Inc.; JA Solar Holdings; Trina Solar Co. Ltd.; Acciona, S.A.; Tata Power Solar Systems Limited; Risen Energy Co., Ltd.; SunPower Corporation |
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Why is Demand for Photovoltaics Increasing Steadily?
“Rise in Solar Power Investments and Decreasing Cost of Energy Storage”
Rapid adoption of high-capacity solar projects and governments’ focus on energy-efficient systems are expected to fuel market growth throughout the projected period. Additionally, ambitious targets for sustainable energy usage are supporting the expansion of the market during this time. Increasing concerns about carbon emissions and the ongoing shift towards renewable energy sources are driving market growth. Furthermore, the decreasing costs of energy storage enhance their energy security.
Continuous research and development in photovoltaic technology have led to improvements in solar panel efficiency and performance. Breakthroughs in manufacturing processes have contributed to increased energy output and reduced costs, making solar energy a more viable option.
What are the Primary Challenges Affecting the Demand for Photovoltaics?
“High Initial Investments and Technical Challenges Associated with Integration of Solar Energy into Existing Grids”
While the cost of solar panels has decreased over the years, the initial investment required for setting up a photovoltaic system can still be relatively high. This can deter some potential customers or businesses from adopting solar energy.
Solar energy is intermittent, depending on the availability of sunlight. Without efficient and cost-effective energy storage solutions, excess energy generated during peak hours may go to waste, and during low sunlight periods, alternative energy sources are required to meet the rising demand.
Integrating solar energy into existing electricity grids can pose technical challenges. Managing and balancing variable renewable energy sources like solar with traditional power sources require upgrades and investments in grid infrastructure.
“Uncertain Policies Governing Solar Energy Generation and Lack of Incentives”
Uncertain policies, lack of incentives, and complicated permission processes can hinder market growth.
In some regions, conventional fossil fuel-based energy sources are cheaper or subsidized. This is changing with time, as solar energy becomes more cost-competitive, but it remains a restraint in some areas.
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Country-wise Insights
What Makes the United States a Lucrative Market for Photovoltaic Technology Providers?
“Growing Environmental Awareness and Supportive Government Policies Boosting Adoption of Solar Energy”
Various federal, state, and local government incentives and policies have supported the adoption of solar energy in the United States. These include the Investment Tax Credit (ITC), which provides a tax credit for solar installations, and various renewable portfolio standards that require utilities to obtain a certain percentage of their energy from renewable sources.
Awareness among consumers and businesses about the importance of environmental sustainability and the need to reduce greenhouse gas emissions is growing. This has driven interest in clean energy solutions like photovoltaics. The United States has been keen on reducing its dependence on imported fossil fuels, and solar energy has played a role in enhancing energy independence and security.
How is Demand for Photovoltaics Evolving in China?
“High Demand for Photovoltaics Driven by Technological Advancements in PV Technology and Manufacturing Processes”
China's government has actively supported the development and deployment of solar energy through a range of policies and incentives. These include feed-in tariffs, subsidies, tax benefits, and other measures to encourage investment in the solar sector.
The country has set ambitious renewable energy targets as part of its efforts to combat air pollution, reduce carbon emissions, and transition to a more sustainable energy economy. These targets have provided a strong impetus for the expansion of the photovoltaics market.
Chinese solar companies have made significant advancements in PV technology and manufacturing processes. The country has become a global leader in solar panel production, benefiting from economies of scale and cost efficiencies. Chinese solar manufacturers have been active in exporting their products to international markets, contributing to the global growth of the PV industry.
Category-wise Insights
Why Do Silicon-based Photovoltaics Account for Higher Sales?
“High Efficiency, Reliability, and Low Manufacturing Cost of Silicon-based Photovoltaics"
The worldwide PV market has been dominated by crystalline silicon photovoltaic technology due to its numerous advantages, such as high efficiency, reliability, and relatively low manufacturing costs.
Among customers, crystalline silicon solar panels, especially monocrystalline and polycrystalline varieties, are in high demand. Polycrystalline silicon panels are composed of multiple crystals, while monocrystalline silicon panels consist of a single crystal structure. Regardless of the type, both use silicon as a semiconductor material to convert sunlight into electrical energy.
Continuous advancements in crystalline silicon technology have been the driving force behind the rapid growth of the solar PV market worldwide. These innovations have led to significant improvements in panel efficiency, cost reductions in production, and overall performance enhancement. Solar PV systems based on crystalline silicon panels have become more affordable and accessible to a broader client base, encompassing residential, commercial, and utility-scale installations.
Why are Photovoltaics Extensively Used in Inverters?
“Photovoltaics Enabling Efficient Conversion of Solar Energy into Electricity through Maximum Power Point Tracking (MPPT)"
Inverters play a crucial role in photovoltaic (PV) systems by converting the direct current (DC) generated by solar panels into alternating current (AC) electricity, which is suitable for use in homes, businesses, and the electricity grid. Inverters are a critical component of PV systems, as they ensure that the electricity generated by the solar panels can be efficiently used or fed back into the grid.
Inverters incorporate MPPT technology, which optimizes the energy output from the solar panels. MPPT ensures that the solar panels operate at their maximum power point, taking into account varying sunlight conditions, shading, and temperature fluctuations, thereby maximizing energy production.
MPPT technology facilitates the connection of PV systems to an electricity grid. In grid-tied systems, surplus electricity generated by the solar panels can be fed back into the grid, earning credits or payments through net metering programs. Many modern inverters come with built-in monitoring capabilities, allowing users to track the performance of their PV systems in real time. This information helps identify any issues and ensures optimal system performance.
Know thy Competitors
Competitive landscape highlights only certain players
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Competitive Landscape
Companies are investing heavily in research and development to improve solar cell efficiency, reduce manufacturing costs, and enhance overall system performance. Technological advancements can significantly impact a company's competitiveness in the market.
The competitive landscape is also influenced by government policies and incentives that encourage or support the adoption of solar energy. Favorable policies can create a more conducive environment for companies operating in the photovoltaics market.
- Sonnedix, a worldwide autonomous solar power producer, increased its capacity for operation in Italy by 8.2 MW in July 2020 by purchasing two portfolios.
- European Energy, a Danish-based producer of solar parks, planned to build a 128.5 MW solar park nearby Helsingborg in southern Sweden in November 2022. The facility is projected to generate 175 GWh of power per year. After the project is completed in 2023, production is expected to commence in 2024.
Key Segments of Photovoltaics Industry Research
-
By Component :
- Modules
- Inverters
- Balance Of Systems (BOS)
-
By Material :
- Silicon
- Compounds
-
By Installation Type :
- Ground-mounted
- Building-integrated Photovoltaics (BIPV)
- Floating PV
-
By Application :
- Commercial
- Residential
- Industrial
- Utilities
-
By Region :
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Market Background
- 4. Global Market Pricing Analysis
- 5. Global Market Analysis (2018 to 2022) and Forecast (2023 to 2033)
- 6. Global Market Analysis (2018 to 2022) and Forecast (2023 to 2033), by Component
- 6.1. Modules
- 6.2. Inverters
- 6.3. Balance Of Systems (BOS)
- 7. Global Market Analysis (2018 to 2022) and Forecast (2023 to 2033), by Material
- 7.1. Silicon
- 7.2. Compounds
- 8. Global Market Analysis (2018 to 2022) and Forecast (2023 to 2033), by Application
- 8.1. Commercial
- 8.2. Residential
- 8.3. Industrial
- 8.4. Utilities
- 9. Global Market Analysis (2018 to 2022) and Forecast (2023 to 2033), by Installation Type
- 9.1. Ground-mounted
- 9.2. Building-integrated (BIPV)
- 9.3. Floating PV
- 10. Global Market Analysis (2018 to 2022) and Forecast (2023 to 2033), by Region
- 10.1. North America
- 10.2. Europe
- 10.3. East Asia
- 10.4. South Asia
- 10.5. Latin America
- 10.6. Middle East & Africa (MEA)
- 10.7. Oceania
- 11. North America Market Analysis and Forecast
- 12. Europe Market Analysis and Forecast
- 13. East Asia Market Analysis and Forecast
- 14. South Asia Market Analysis and Forecast
- 15. Latin America Market Analysis and Forecast
- 16. Middle East & Africa Market Analysis and Forecast
- 17. Oceania Market Analysis and Forecast
- 18. Global Market Analysis Key Countries
- 19. Competition Landscape
- 20. Competition Analysis
- 20.1. GCL System Integration
- 20.2. Suntech Power Co.
- 20.3. Sharp Corporation
- 20.4. Canadian Solar Inc.
- 20.5. JA Solar Holdings
- 20.6. Trina Solar Co. Ltd.
- 20.7. Acciona, S.A.
- 20.8. Tata Power Solar Systems Limited
- 20.9. Risen Energy Co., Ltd.
- 20.10. SunPower Corporation
- 21. Appendix
- 22. Definitions of Analytical Frameworks
- 23. Sources and References
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List Of Table
Table 01: Global Market by Component, 2018 to 2033
Table 02: Global Market Value (US$ Mn), by Component, 2018 to 2033
Table 03: Global Market by Material, 2018 to 2033
Table 04: Global Market Value (US$ Mn), by Material, 2018 to 2033
Table 05: Global Market by Application, 2018 to 2033
Table 06: Global Market Value (US$ Mn), by Application, 2018 to 2033
Table 07: Global Market by Installation Type, 2018 to 2033
Table 08: Global Market Value (US$ Mn), by Installation Type, 2018 to 2033
Table 09: Global Market by Region, 2018 to 2033
Table 10: Global Market Value (US$ Mn), by Region, 2018 to 2033
Table 11: North America Market by Component, 2018 to 2033
Table 12: North America Market Value (US$ Mn), by Component, 2018 to 2033
Table 13: North America Market by Material, 2018 to 2033
Table 14: North America Market Value (US$ Mn), by Material, 2018 to 2033
Table 15: North America Market by Application, 2018 to 2033
Table 16: North America Market Value (US$ Mn), by Application, 2018 to 2033
Table 17: North America Market by Installation Type, 2018 to 2033
Table 18: North America Market Value (US$ Mn), by Installation Type, 2018 to 2033
Table 19: North America Market by Country, 2018 to 2033
Table 20: North America Market Value (US$ Mn), by Country, 2018 to 2033
Table 21: Europe Market by Component, 2018 to 2033
Table 22: Europe Market Value (US$ Mn), by Component, 2018 to 2033
Table 23: Europe Market by Material, 2018 to 2033
Table 24: Europe Market Value (US$ Mn), by Material, 2018 to 2033
Table 25: Europe Market by Application, 2018 to 2033
Table 26: Europe Market Value (US$ Mn), by Application, 2018 to 2033
Table 27: Europe Market by Installation Type, 2018 to 2033
Table 28: Europe Market Value (US$ Mn), by Installation Type, 2018 to 2033
Table 29: Europe Market by Country, 2018 to 2033
Table 30: Europe Market Value (US$ Mn), by Country, 2018 to 2033
Table 31: East Asia Market by Component, 2018 to 2033
Table 32: East Asia Market Value (US$ Mn), by Component, 2018 to 2033
Table 33: East Asia Market by Material, 2018 to 2033
Table 34: East Asia Market Value (US$ Mn), by Material, 2018 to 2033
Table 35: East Asia Market by Application, 2018 to 2033
Table 36: East Asia Market Value (US$ Mn), by Application, 2018 to 2033
Table 37: East Asia Market by Installation Type, 2018 to 2033
Table 38: East Asia Market Value (US$ Mn), by Installation Type, 2018 to 2033
Table 39: East Asia Market by Country, 2018 to 2033
Table 40: East Asia Market Value (US$ Mn), by Country, 2018 to 2033
Table 41: South Asia Market by Component, 2018 to 2033
Table 42: South Asia Market Value (US$ Mn), by Component, 2018 to 2033
Table 43: South Asia Market by Material, 2018 to 2033
Table 44: South Asia Market Value (US$ Mn), by Material, 2018 to 2033
Table 45: South Asia Market by Application, 2018 to 2033
Table 46: South Asia Market Value (US$ Mn), by Application, 2018 to 2033
Table 47: South Asia Market by Installation Type, 2018 to 2033
Table 48: South Asia Market Value (US$ Mn), by Installation Type, 2018 to 2033
Table 49: South Asia Market by Country, 2018 to 2033
Table 50: South Asia Market Value (US$ Mn), by Country, 2018 to 2033
Table 51: Latin America Market by Component, 2018 to 2033
Table 52: Latin America Market Value (US$ Mn), by Component, 2018 to 2033
Table 53: Latin America Market by Material, 2018 to 2033
Table 54: Latin America Market Value (US$ Mn), by Material, 2018 to 2033
Table 55: Latin America Market by Application, 2018 to 2033
Table 56: Latin America Market Value (US$ Mn), by Application, 2018 to 2033
Table 57: Latin America Market by Installation Type, 2018 to 2033
Table 58: Latin America Market Value (US$ Mn), by Installation Type, 2018 to 2033
Table 59: Latin America Market by Country, 2018 to 2033
Table 60: Latin America Market Value (US$ Mn), by Country, 2018 to 2033
Table 61: Middle East and Africa Market by Component, 2018 to 2033
Table 62: Middle East and Africa Market Value (US$ Mn), by Component, 2018 to 2033
Table 63: Middle East and Africa Market by Material, 2018 to 2033
Table 64: Middle East and Africa Market Value (US$ Mn), by Material, 2018 to 2033
Table 65: Middle East and Africa Market by Application, 2018 to 2033
Table 66: Middle East and Africa Market Value (US$ Mn), by Application, 2018 to 2033
Table 67: Middle East and Africa Market by Installation Type, 2018 to 2033
Table 68: Middle East and Africa Market Value (US$ Mn), by Installation Type, 2018 to 2033
Table 69: Middle East and Africa Market by Country, 2018 to 2033
Table 70: Middle East and Africa Market Value (US$ Mn), by Country, 2018 to 2033
Table 71: Oceania Market by Component, 2018 to 2033
Table 72: Oceania Market Value (US$ Mn), by Component, 2018 to 2033
Table 73: Oceania Market by Material, 2018 to 2033
Table 74: Oceania Market Value (US$ Mn), by Material, 2018 to 2033
Table 75: Oceania Market by Application, 2018 to 2033
Table 76: Oceania Market Value (US$ Mn), by Application, 2018 to 2033
Table 77: Oceania Market by Installation Type, 2018 to 2033
Table 78: Oceania Market Value (US$ Mn), by Installation Type, 2018 to 2033
Table 79: Oceania Market by Country, 2018 to 2033
Table 80: Oceania Market Value (US$ Mn), by Country, 2018 to 2033
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List Of Figures
Fig 01: Global Market Value (US$) and Y-o-Y Growth, 2018 to 2033
Fig 02: Global Absolute $ Historical Market (2018 to 2022) and Absolute $ Opportunity (2023 to 2033), US$ Mn
Fig 03: Global Market Value Y-o-Y Growth and Forecast, 2018 to 2033
Fig 04: Global Market Incremental $ Opportunity (US$ Thousand), 2023 to 2033
Fig 05: Global Market Share, By Component to 2023 to 2033
Fig 06: Global Market Y-o-Y Growth Projections, By Component to 2023 to 2033
Fig 07: Global Market Attractiveness Index, By Component to 2023 to 2033
Fig 08: Global Market Share, By Material to 2023 to 2033
Fig 09: Global Market Y-o-Y Growth Projections, By Material to 2023 to 2033
Fig 10: Global Market Attractiveness Index, By Material to 2023 to 2033
Fig 11: Global Market Share, By Application to 2023 to 2033
Fig 12: Global Market Y-o-Y Growth Projections, By Application to 2023 to 2033
Fig 13: Global Market Attractiveness Index, By Application to 2023 to 2033
Fig 14: Global Market Share, By Installation Type to 2023 to 2033
Fig 15: Global Market Y-o-Y Growth Projections, By Installation Type to 2023 to 2033
Fig 16: Global Market Attractiveness Index, By Installation Type to 2023 to 2033
Fig 17: Global Market Share, by Region to 2023 to 2033
Fig 18: Global Market Y-o-Y Growth Projections, by Region to 2023 to 2033
Fig 19: Global Market Attractiveness Index, by Region to 2023 to 2033
Fig 20: Y-o-Y Growth Comparison of Market: North America Vs North America Countries Vs North America Average
Fig 21: North America Market Share, By Component to 2023 to 2033
Fig 22: North America Market Y-o-Y Growth Projections, By Component to 2023 to 2033
Fig 23: North America Market Attractiveness Index, By Component to 2023 to 2033
Fig 24: North America Market Share, By Material to 2023 to 2033
Fig 25: North America Market Y-o-Y Growth Projections, By Material to 2023 to 2033
Fig 26: North America Market Attractiveness Index, By Material to 2023 to 2033
Fig 27: North America Market Share, By Application to 2023 to 2033
Fig 28: North America Market Y-o-Y Growth Projections, By Application to 2023 to 2033
Fig 29: North America Market Attractiveness Index, By Application to 2023 to 2033
Fig 30: North America Market Share, By Installation Type to 2023 to 2033
Fig 31: North America Market Y-o-Y Growth Projections, By Installation Type to 2023 to 2033
Fig 32: North America Market Attractiveness Index, By Installation Type to 2023 to 2033
Fig 33: North America Market Share, By Country to 2023 to 2033
Fig 34: North America Market Y-o-Y Growth Projections, By Country to 2023 to 2033
Fig 35: North America Market Attractiveness Index, By Country to 2023 to 2033
Fig 36: Y-o-Y Growth Comparison of Market: Europe Vs Europe Countries Vs Europe Average
Fig 37: Europe Market Share, By Component to 2023 to 2033
Fig 38: Europe Market Y-o-Y Growth Projections, By Component to 2023 to 2033
Fig 39: Europe Market Attractiveness Index, By Component to 2023 to 2033
Fig 40: Europe Market Share, By Material to 2023 to 2033
Fig 41: Europe Market Y-o-Y Growth Projections, By Material to 2023 to 2033
Fig 42: Europe Market Attractiveness Index, By Material to 2023 to 2033
Fig 43: Europe Market Share, By Application to 2023 to 2033
Fig 44: Europe Market Y-o-Y Growth Projections, By Application to 2023 to 2033
Fig 45: Europe Market Attractiveness Index, By Application to 2023 to 2033
Fig 46: Europe Market Share, By Installation Type to 2023 to 2033
Fig 47: Europe Market Y-o-Y Growth Projections, By Installation Type to 2023 to 2033
Fig 48: Europe Market Attractiveness Index, By Installation Type to 2023 to 2033
Fig 49: Europe Market Share, By Country to 2023 to 2033
Fig 50: Europe Market Y-o-Y Growth Projections, By Country to 2023 to 2033
Fig 51: Europe Market Attractiveness Index, By Country to 2023 to 2033
Fig 52: Y-o-Y Growth Comparison of Market: East Asia Vs East Asia Countries Vs East Asia Average
Fig 53: East Asia Market Share, By Component to 2023 to 2033
Fig 54: East Asia Market Y-o-Y Growth Projections, By Component to 2023 to 2033
Fig 55: East Asia Market Attractiveness Index, By Component to 2023 to 2033
Fig 56: East Asia Market Share, By Material to 2023 to 2033
Fig 57: East Asia Market Y-o-Y Growth Projections, By Material to 2023 to 2033
Fig 58: East Asia Market Attractiveness Index, By Material to 2023 to 2033
Fig 59: East Asia Market Share, By Application to 2023 to 2033
Fig 60: East Asia Market Y-o-Y Growth Projections, By Application to 2023 to 2033
Fig 61: East Asia Market Attractiveness Index, By Application to 2023 to 2033
Fig 62: East Asia Market Share, By Installation Type to 2023 to 2033
Fig 63: East Asia Market Y-o-Y Growth Projections, By Installation Type to 2023 to 2033
Fig 64: East Asia Market Attractiveness Index, By Installation Type to 2023 to 2033
Fig 65: East Asia Market Share, By Country to 2023 to 2033
Fig 66: East Asia Market Y-o-Y Growth Projections, By Country to 2023 to 2033
Fig 67: East Asia Market Attractiveness Index, By Country to 2023 to 2033
Fig 68: Y-o-Y Growth Comparison of Market: South Asia Vs South Asia Countries Vs South Asia Average
Fig 69: South Asia Market Share, By Component to 2023 to 2033
Fig 70: South Asia Market Y-o-Y Growth Projections, By Component to 2023 to 2033
Fig 71: South Asia Market Attractiveness Index, By Component to 2023 to 2033
Fig 72: South Asia Market Share, By Material to 2023 to 2033
Fig 73: South Asia Market Y-o-Y Growth Projections, By Material to 2023 to 2033
Fig 74: South Asia Market Attractiveness Index, By Material to 2023 to 2033
Fig 75: South Asia Market Share, By Application to 2023 to 2033
Fig 76: South Asia Market Y-o-Y Growth Projections, By Application to 2023 to 2033
Fig 77: South Asia Market Attractiveness Index, By Application to 2023 to 2033
Fig 78: South Asia Market Share, By Installation Type to 2023 to 2033
Fig 78: South Asia Market Y-o-Y Growth Projections, By Installation Type to 2023 to 2033
Fig 80: South Asia Market Attractiveness Index, By Installation Type to 2023 to 2033
Fig 81: South Asia Market Share, By Country to 2023 to 2033
Fig 82: South Asia Market Y-o-Y Growth Projections, By Country to 2023 to 2033
Fig 83: South Asia Market Attractiveness Index, By Country to 2023 to 2033
Fig 84: Y-o-Y Growth Comparison of Market: Latin America Vs Latin America Countries Vs Latin America Average
Fig 85: Latin America Market Share, By Component to 2023 to 2033
Fig 86: Latin America Market Y-o-Y Growth Projections, By Component to 2023 to 2033
Fig 87: Latin America Market Attractiveness Index, By Component to 2023 to 2033
Fig 88: Latin America Market Share, By Material to 2023 to 2033
Fig 89: Latin America Market Y-o-Y Growth Projections, By Material to 2023 to 2033
Fig 90: Latin America Market Attractiveness Index, By Material to 2023 to 2033
Fig 91: Latin America Market Share, By Application to 2023 to 2033
Fig 92: Latin America Market Y-o-Y Growth Projections, By Application to 2023 to 2033
Fig 93: Latin America Market Attractiveness Index, By Application to 2023 to 2033
Fig 94: Latin America Market Share, By Installation Type to 2023 to 2033
Fig 95: Latin America Market Y-o-Y Growth Projections, By Installation Type to 2023 to 2033
Fig 96: Latin America Market Attractiveness Index, By Installation Type to 2023 to 2033
Fig 97: Latin America Market Share, By Country to 2023 to 2033
Fig 98: Latin America Market Y-o-Y Growth Projections, By Country to 2023 to 2033
Fig 99: Latin America Market Attractiveness Index, By Country to 2023 to 2033
Fig 100: Y-o-Y Growth Comparison of Market: MEA Vs MEA Countries Vs MEA Average
Fig 101: MEA Market Share, By Component to 2023 to 2033
Fig 102: MEA Market Y-o-Y Growth Projections, By Component to 2023 to 2033
Fig 103: MEA Market Attractiveness Index, By Component to 2023 to 2033
Fig 104: MEA Market Share, By Material to 2023 to 2033
Fig 105: MEA Market Y-o-Y Growth Projections, By Material to 2023 to 2033
Fig 106: MEA Market Attractiveness Index, By Material to 2023 to 2033
Fig 107: MEA Market Share, By Application to 2023 to 2033
Fig 108: MEA Market Y-o-Y Growth Projections, By Application to 2023 to 2033
Fig 109: MEA Market Attractiveness Index, By Application to 2023 to 2033
Fig 110: MEA Market Share, By Installation Type to 2023 to 2033
Fig 111: MEA Market Y-o-Y Growth Projections, By Installation Type to 2023 to 2033
Fig 112: MEA Market Attractiveness Index, By Installation Type to 2023 to 2033
Fig 113: MEA Market Share, By Country to 2023 to 2033
Fig 114: MEA Market Y-o-Y Growth Projections, By Country to 2023 to 2033
Fig 115: MEA Market Attractiveness Index, By Country to 2023 to 2033
Fig 116: Y-o-Y Growth Comparison of Market: Oceania Vs Oceania Countries Vs Oceania Average
Fig 117: Oceania Market Share, By Component to 2023 to 2033
Fig 118: Oceania Market Y-o-Y Growth Projections, By Component to 2023 to 2033
Fig 119: Oceania Market Attractiveness Index, By Component to 2023 to 2033
Fig 120: Oceania Market Share, By Material to 2023 to 2033
Fig 121: Oceania Market Y-o-Y Growth Projections, By Material to 2023 to 2033
Fig 122: Oceania Market Attractiveness Index, By Material to 2023 to 2033
Fig 123: Oceania Market Share, By Application to 2023 to 2033
Fig 124: Oceania Market Y-o-Y Growth Projections, By Application to 2023 to 2033
Fig 125: Oceania Market Attractiveness Index, By Application to 2023 to 2033
Fig 126: Oceania Market Share, By Installation Type to 2023 to 2033
Fig 127: Oceania Market Y-o-Y Growth Projections, By Installation Type to 2023 to 2033
Fig 128: Oceania Market Attractiveness Index, By Installation Type to 2023 to 2033
Fig 129: Oceania Market Share, By Country to 2023 to 2033
Fig 130: Oceania Market Y-o-Y Growth Projections, By Country to 2023 to 2033
Fig 131: Oceania Market Attractiveness Index, By Country to 2023 to 2033
Fig 132: United States Market share by Component, 2022
Fig 133: United States Market share by Material, 2022
Fig 134: United States Market Value (US$ Mn) and Forecast 2023 to 2033
Fig 135: United States Market Share by Installation Type, 2022
Fig 136: Canada Market share by Component, 2022
Fig 137: Canada Market share by Material, 2022
Fig 138: Canada Market Value (US$ Mn) and Forecast 2023 to 2033
Fig 139: Canada Market Share by Installation Type, 2022
Fig 140: Germany Market share by Component, 2022
Fig 141: Germany Market share by Material, 2022
Fig 142: Germany Market Value (US$ Mn) and Forecast 2023 to 2033
Fig 143: Germany Market Share by Installation Type, 2022
Fig 144: United Kingdom Market share by Component, 2022
Fig 145: United Kingdom Market share by Material, 2022
Fig 146: United Kingdom Market Value (US$ Mn) and Forecast 2023 to 2033
Fig 147: United Kingdom Market Share by Installation Type, 2022
Fig 148: France Market share by Component, 2022
Fig 149: France Market share by Material, 2022
Fig 150: France Market Value (US$ Mn) and Forecast 2023 to 2033
Fig 151: France Market Share by Installation Type, 2022
Fig 152: Russia Market share by Component, 2022
Fig 153: Russia Market share by Material, 2022
Fig 154: Russia Market Value (US$ Mn) and Forecast 2023 to 2033
Fig 155: Russia Market Share by Installation Type, 2022
Fig 156: Spain Market share by Component, 2022
Fig 157: Spain Market share by Material, 2022
Fig 158: Spain Market Value (US$ Mn) and Forecast 2023 to 2033
Fig 159: Spain Market Share by Installation Type, 2022
Fig 160: Italy Market share by Component, 2022
Fig 161: Italy Market share by Material, 2022
Fig 162: Italy Market Value (US$ Mn) and Forecast 2023 to 2033
Fig 163: Italy Market Share by Installation Type, 2022
Fig 164: China Market share by Component, 2022
Fig 165: China Market share by Material, 2022
Fig 166: China Market Value (US$ Mn) and Forecast 2023 to 2033
Fig 167: China Market Share by Installation Type, 2022
Fig 168: Japan Market share by Component, 2022
Fig 169: Japan Market share by Material, 2022
Fig 170: Japan Market Value (US$ Mn) and Forecast 2023 to 2033
Fig 171: Japan Market Share by Installation Type, 2022
Fig 172: South Korea Market share by Component, 2022
Fig 173: South Korea Market share by Material, 2022
Fig 174: South Korea Market Value (US$ Mn) and Forecast 2023 to 2033
Fig 175: South Korea Market Share by Installation Type, 2022
Fig 176: India Market share by Component, 2022
Fig 177: India Market share by Material, 2022
Fig 178: India Market Value (US$ Mn) and Forecast 2023 to 2033
Fig 179: India Market Share by Installation Type, 2022
Fig 180: Singapore Market share by Component, 2022
Fig 181: Singapore Market share by Material, 2022
Fig 182: Singapore Market Value (US$ Mn) and Forecast 2023 to 2033
Fig 183: Singapore Market Share by Installation Type, 2022
Fig 184: Indonesia Market share by Component, 2022
Fig 185: Indonesia Market share by Material, 2022
Fig 186: Indonesia Market Value (US$ Mn) and Forecast 2023 to 2033
Fig 187: Indonesia Market Share by Installation Type, 2022
Fig 188: Thailand Market share by Component, 2022
Fig 189: Thailand Market share by Material, 2022
Fig 190: Thailand Market Value (US$ Mn) and Forecast 2023 to 2033
Fig 191: Thailand Market Share by Installation Type, 2022
Fig 192: Brazil Market share by Component, 2022
Fig 193: Brazil Market share by Material, 2022
Fig 194: Brazil Market Value (US$ Mn) and Forecast 2023 to 2033
Fig 195: Brazil Market Share by Installation Type, 2022
Fig 196: Mexico Market share by Component, 2022
Fig 197: Mexico Market share by Material, 2022
Fig 198: Mexico Market Value (US$ Mn) and Forecast 2023 to 2033
Fig 199: Mexico Market Share by Installation Type, 2022
Fig 200: Turkey Market share by Component, 2022
Fig 201: Turkey Market share by Material, 2022
Fig 202: Turkey Market Value (US$ Mn) and Forecast 2023 to 2033
Fig 203: Turkey Market Share by Installation Type, 2022
Fig 204: GCC Countries Market share by Component, 2022
Fig 205: GCC Countries Market share by Material, 2022
Fig 206: GCC Countries Market Value (US$ Mn) and Forecast 2023 to 2033
Fig 207: GCC Countries Market Share by Installation Type, 2022
Fig 208: South Africa Market share by Component, 2022
Fig 209: South Africa Market share by Material, 2022
Fig 210: South Africa Market Value (US$ Mn) and Forecast 2023 to 2033
Fig 211: South Africa Market Share by Installation Type, 2022
Fig 212: Australia Market share by Component, 2022
Fig 213: Australia Market share by Material, 2022
Fig 214: Australia Market Value (US$ Mn) and Forecast 2023 to 2033
Fig 215: Australia Market Share by Installation Type, 2022
Fig 216: New Zealand Market share by Component, 2022
Fig 217: New Zealand Market share by Material, 2022
Fig 218: New Zealand Market Value (US$ Mn) and Forecast 2023 to 2033
Fig 219: New Zealand Market Share by Installation Type, 2022
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the current size of the photovoltaics market?
The global photovoltaics market stands at a value of US$ 90 billion in 2023.
What is the expected growth rate for the demand for photovoltaics?
Worldwide demand for photovoltaics is set to increase at a CAGR of 6% from 2023 to 2033.
What is the sales forecast for photovoltaics for 2033?
Global sales of photovoltaics are set to reach US$ 155 billion by 2033.
Who are the leading manufacturers of photovoltaics?
JA Solar Holdings, Suntech Power, and Canadian Solar are prominent photovoltaic technology providers.
Which region is a key market for manufacturers of photovoltaics?
North America accounts for a leading share of the global photovoltaics market.
Photovoltaics Market