Market Highlights

The global market for grid connected PV systems is expected to grow at a ~15% CAGR during the forecast period, 2020–2026. Grid connected PV systems are used to generate electricity by utilizing the solar energy and feeds the electricity back into the main electricity grid network.

Grid connected PV systems refers to the solar system that generates electricity by utilizing the solar energy system in sync with the grid network. It is also known as grid-tied solar system or on-grid solar system, allowing the PV panels or array that are connected or tied to the main electricity grid, which feeds electricity back into the grid.

 Request sample request @ https://www.marketresearchfuture.com/sample_request/10457

In 2019, Asia-Pacific dominated the global grid connected PV systems market in terms of share: MRFR

The global grid connected PV systems market has been segmented based on components, technology, grid type, and application. Based on components, the global market is divided into solar panels, power conditioning unit, grid connection equipment, inverters, and others. The solar panels segment is expected to hold the larger share of the market and grow at the fastest rate during the forecast period. Based on technology, the global market is divided into thin film, crystalline silicon, and others. The crystalline silicon m segment is expected to grow at the fastest rate during the forecast period. Based on grid type, the market is segmented into grid connected, centralized, and decentralized. The grid connected segment is expected to lead the market during the forecast period. Based on application, the market is segmented into residential, commercial, utility, and industrial. The utility segment is expected to hold the largest share of the market and it is anticipated to grow at a faster rate during the forecast period.

The global grid connected PV systems market has been segmented into five regions, namely, Asia-Pacific, the Middle East & Africa, Europe, North America, and South America. Asia-Pacific is expected to hold the largest share of the market during the forecast period. The growing demand for on-grid solar energy sources and the government policies and schemes drive the growth of the grid connected PV systems market in the region.  Solar energy is identified as the best replacement to the conventional energy sources so as to decrease carbon footprint by meeting the electricity needs in the region. As the authorities in the region are focusing on the developments of on-grid solar energy, the demand for grid connected PV systems is expected to grow significantly during the forecast period. In japan, in September 2020, First Solar Japan, a subsidiary of First Solar (US) and Toshiba Energy Systems & Solutions Corporation signed a contract to construct two mega solar projects, namely, Yatsubo Solar Power Plant and Ikeda Solar Power Plant to supply electricity to the country’s electricity grid in Tochigi Prefecture, Japan. In India, the Government of India has set up a target ha having 100 GW of grid connected solar power installation capacity by 2022. Such factors are expected to drive the growth of the grid connected PV systems market in the Asia-Pacific region during the forecast period.

The global grid connected PV systems market is expected to grow at ~ 15% CAGR during the forecast period.

Scope of the Report

This report provides an in-depth analysis of the global grid connected PV systems market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size and share for North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. The report also presents a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global grid connected PV systems market by components, technology, grid type, application, and region.

By Components

• Solar Panels
• Power Conditioning Unit
• Grid Connection Equipment
• Inverters
• Others

 
By Technology

• Thin Film
• Crystalline Silicon
• Others

By Grid Type

• Grid Connected
• Centralized
• Decentralized

By Application

• Residential
• Commercial
• Utility
• Industrial

By Region

• North America 
• Asia-Pacific 
• Europe
• Middle East & Africa
• South America

Key Players

The players operating in the global grid connected PV systems market are Sunpower Corporation (US), Canadian Solar Inc (Canada), Suntech Power Holding Co. Ltd. (China), First Solar Inc. (US), KYOCERA Corporation (Japan), Trina Solar (China), ReneSola Power Holdings, LLC (US), Panasonic Corporation (Japan), Sharp Corporation (Japan), JinkoSolar Holding Co., Ltd (China), Kaneka Corporation (Japan), Huawei Technologies (China), Ravano Green Powers (Italy), TRIENERGY Schweiz AG (Switzerland), and Zytech Solar (Spain).

 Table Of Contents

1 Executive Summary

2 Market Introduction

2.1 Market Definition

2.2 Scope Of The Study

2.3 Market Structure

3 Research Methodology

3.1 Primary Research

3.2 Secondary Research

3.3 Market Capacity Estimation

3.4 Forecast Model

3.5 List Of Assumptions

3.6 Limitations Of The Study

4 Market Insights

5 Market Dynamics

5.1 Introduction

5.2 Market Drivers

5.3 Market Restraints

5.4 Market Opportunities

5.5 Porter’s Five Forces Analysis

5.5.1 Threat Of New Entrants

5.5.2 Bargaining Power Of Buyers

5.5.3 Bargaining Power Of Suppliers

5.5.4 Threat Of Substitutes

5.5.5 Rivalry

5.6 Value Chain/Supply Chain Analysis

Continued………

Ask for your specific company profile and country level customization on reports.

Access Report Details @ https://www.marketresearchfuture.com/reports/grid-connected-pv-systems-market-10457

About Market Research Future:

Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.

Our rapidly expanding market research company is assisted by a competent team of research analysts who provide useful analytics and data on technological and economic developments. Our deemed analysts make industrial visits and collect valuable information from influential market players. Our main goal is to keep our clients informed of new opportunities and challenges in various markets. We offer step-by-step assistance to our valued clients through strategic and consulting services to reach managerial and actionable decisions.

Contact Us:

Market Research Future

Office No. 528, Amanora Chambers

Magarpatta Road, Hadapsar,

Pune - 411028

Maharashtra, India

+1 646 845 9312

Email: sales@marketresearchfuture.com