Global Solar Photovoltaic (PV) Panels Market was valued at $118,704 million in 2016 and is expected to reach $307,204 million by 2023, registering a CAGR of +15% from 2019 to 2025.
Solar devices convert sunlight directly into electricity. The main components of a PV power system are various types of photovoltaic cells (also called solar cells). These components are interconnected and encapsulated to form a photovoltaic module, which is a mounting structure of modules manufactured for grid connection and off-grid systems. In addition, solar energy is renewable and helps countries achieve their policy goals for safe, reliable and affordable energy, reduces price volatility and promotes social and economic development, providing access to electricity. Thus, a drop in solar energy prices has led to demand for solar energy production, which has proven to be a cost-effective solution.
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Photovoltaic Solar Panel Breakdown Data by Type
Mono- Photovoltaic Solar Pane
Polycrystalline Photovoltaic Solar Panel
Thin film Photovoltaic Solar Panel
Photovoltaic Solar Panel Breakdown Data by Application
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Photovoltaic Solar Panel Production by Region
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The study objectives are:
To analyze and research the global Photovoltaic Solar Panel status and future forecast involving, production, revenue, consumption, historical and forecast.
To present the key Photovoltaic Solar Panel manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Photovoltaic Solar Panel :
History Year: 2014 – 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 – 2025
This report includes the estimation of market size for value (million USD) and volume (K sqm). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Photovoltaic Solar Panel market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
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