Solar PV Module Market, Update 2015 – Market Size, Average Price, Market Share and Key Country Analysis to 2020
Photovoltaic (PV) systems are used to convert sunlight into electricity. They are safe, reliable, incur less operating costs, and are easy to install. The growing concerns about climate change and alternative sources of energy have led to the significant growth of the Solar PV Module Market. Incentives and funding provided by the government towards the adoption of solar energy to generate electricity have further added to this growth.
Photovoltaic market in Asia, namely China and Japan are expected to contribute largely to the growth of the PV market, globally. This is mainly attributed to the initiatives taken by the government, the key market players being located in the region, and the emergence of building-mounted and ground mounted systems along with, the on-grid segment. On the other hand, the major factor hindering the growth of Solar PV Module Market is the demand for high quality and low priced products.
Market Leaders Outlook:
Trina Solar held on to its status as the world’s biggest producer of solar photovoltaic (PV) modules in 2015, producing 4.55 Gigawatts (GW) of crystalline modules, while Canadian Solar claimed second spot with 3.9 GW in 2015. Efforts of Trina Solar to expand its presence in key markets across the globe, leveraging on its innovative high-quality solar products, strong sales network, brand recognition, have enabled the company to capture numerous opportunities.
Canadian Solar also had a positive year, following the acquisition of Recurrent Energy, a provider of solar power systems, from Sharp Corporation for a purchase consideration of approximately $265 million in cash in February 2015.
In terms of other top solar PV producers in 2015, JinkoSolar Holding Co., Ltd. claimed third place, with 3.79 GW produced, while JA Solar Holdings Co., Ltd. came in fourth with 3.38 GW, and Hanwha Q CELLS Co., Ltd. ranked fifth, with 3.2 GW produced.
Many more leading and effective key players of the Global Solar UV Module Market are studied in-depth and included in Solar PV Module Market research report.
This industry research on Solar PV Module Market includes the study of its demand in various key regions like Asia-Pacific, North America and Europe.
More specifically, the report provides quality as well as quantity analysis of the solar PV module market in regions China, India, the US, Germany, Japan, Italy, Canada, UK, France and Australia.
Recent market report “Solar PV Module Market, Update 2015 Market Size, Average Price, Market Share and Key Country Analysis to 2020” is the latest equipment analysis report from market experts offering comprehensive information and understanding of the global solar power industry.
The report provides detailed information on the current solar PV module market, focusing on key countries as well as the global scenario. The report analyses annual module installation trends, module production volume and capacity, module production share, average module price and market size for global and key countries. Key countries are included and the report also studies key drivers & restraints of the market. The report also provides key policy initiatives supporting solar module market and provides key competitive landscape of companies for both thin-film and crystalline modules. The report is built using data and information sourced from primary and secondary research and in-house analysis by a team of industry experts.
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