Solar PV Module Market to Witness Huge Growth by 2030 โ€“ TRINA SOLAR, FIRST SOLAR, CHINA SUNERGY, etc.

Solar PV Module Market

Solar PV Module Market

Solar PV Module Market is Expected to Reach $260.2 Billion by 2030

Residential households, hospitals, hotels, and corporate offices, and data centers & communication base stations across the globe are the potential customers of the solar PV module industry.”
— Allied Market Research

WILMINGTON, DELAWARE, UNITED STATES, February 20, 2024 /EINPresswire.com/ -- A solar PV module is an assembly of photo-voltaic cells mounted in a framework for installation. Solar panels use sunlight as a source of energy to generate direct current electricity. A collection of PV modules is called a PV panel, and a system of PV panels is called an array. Arrays of a photovoltaic system supply solar electricity to electrical equipment. The global solar PV module market was valued at $127.9 billion in 2020 and is projected to reach $260.2 billion by 2030, growing at a CAGR of 7.4% from 2021 to 2030.

๐ƒ๐จ๐ฐ๐ง๐ฅ๐จ๐š๐ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž: https://www.alliedmarketresearch.com/request-sample/12067

At present, the global solar PV module market witnesses numerous opportunities, owing to a rapid increase in the development of renewable power in Asia-Pacific and LAMEA to cope up with the increase in electricity demand. In addition, the market is driven by domestic content laws and a rise in photovoltaic panel installation projects owing to the expiration of the federal investment tax credit (ITC). Moreover, in the developed economies such as the U.S., solar photovoltaic has proved to be an economic alternative at the time of peak power needs. In addition, the success of distributed solar and rapidly reducing cost has led some U.S. utilities to establish their solar installations such as residential and community projects. However, a rise in grid connection issues interconnection delays, and insufficient grid capacity posing a hurdle for the setup of new plants are expected to hamper the growth of the solar PV module market during the forecast period. Furthermore, an increase in the price of fossil fuels is expected to provide growth opportunities for the solar PV module market during the forecast period.

By technology, the global solar PV module market size is studied across thin film and crystalline silicon. The crystalline silicon segment accounted for the largest market share in 2020, owing to higher conversion efficiency. The crystalline silicon segment dominated the global market with nearly four-fifths of the total market share in 2020.

๐‚๐จ๐ฆ๐ฉ๐ž๐ญ๐ข๐ญ๐ข๐ฏ๐ž ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ:

The Solar PV Module industry's key market players adopt various strategies such as product launches, product development, collaboration, and agreements to influence the market. It includes details about the key players in the market's strengths, product portfolio, market size and share analysis, operational results, and market positioning.

๐’๐จ๐ฆ๐ž ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ฆ๐š๐ฃ๐จ๐ซ ๐ค๐ž๐ฒ ๐ฉ๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐ ๐ฅ๐จ๐›๐š๐ฅ ๐’๐จ๐ฅ๐š๐ซ ๐๐• ๐Œ๐จ๐๐ฎ๐ฅ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ข๐ง๐œ๐ฅ๐ฎ๐๐ž

SOLARIA CORPORATION
JINKO SOLAR
REC SOLAR
HANWHA Q CELLS
GCL System Integration Technology Co. Ltd.
CHINA SUNERGY (NANJING) CO., LTD.
CANADIAN SOLAR
TRINA SOLAR
FIRST SOLAR
JA SOLAR

๐†๐ž๐ญ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐ž๐ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐ฐ๐ข๐ญ๐ก ๐ฒ๐จ๐ฎโ€™๐ซ๐ž ๐‘๐ž๐ช๐ฎ๐ข๐ซ๐ž๐ฆ๐ž๐ง๐ญ๐ฌ: https://www.alliedmarketresearch.com/request-for-customization/12067

By product, the global solar PV module market is studied across monocrystalline, polycrystalline, cadmium telluride, amorphous silicon, and copper indium gallium diselenide. The monocrystalline segment accounted for the largest market share in 2020, owing to longevity, efficiency, operational cost, and embedded energy per panel. The monocrystalline segment dominated the global market with nearly half of the total market share in 2020.

By connectivity, the global solar PV module market is studied across on-grid and off-grid. The on-grid segment emerged as the leader in 2020, owing to favorable government incentive schemes including feed-in tariffs and net metering. The on-grid segment dominated the global market with more than four-fifths of the total market share in 2020.

By mounting, the global solar PV module market is studied across ground mounted and rooftop. The ground-mounted segment emerged as the leader in 2020, owing to a surge in the installation of large-scale solar utility plants across the globe. The ground-mounted segment dominated the global market with three-fifths of the total market share in 2020.

By end-use, the global solar PV module market is studied across residential, commercial, and utility. The residential segment emerged as the leader in 2020, owing rise in several utility-scale projects owing to rising demand for clean electricity. The utility segment dominated the global market with more than half of the total market share in 2020.

Region-wise, the global market is studied across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific accounted for a major solar PV module market share in 2020 and dominated the global market with more than half of the total market share in 2020.

๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐›๐ž๐Ÿ๐จ๐ซ๐ž ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/12067

๐Š๐ž๐ฒ ๐Ÿ๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ฌ๐ญ๐ฎ๐๐ฒ:

- In 2020, Asia-Pacific dominated the global solar PV module market with around 57.5% share, in terms of revenue. In addition, it is also projected to grow at the highest CAGR of 7.7% in terms of value.
- The crystalline silicon segment dominated the global market with around 78.0% of the share in terms of revenue. In addition, it is also projected to grow at the highest CAGR of 7.7% in terms of value.
- The monocrystalline segment dominated the global solar PV module market with around 49.0% of the share in terms of revenue. In addition, it is also projected to grow at the highest CAGR of 7.8% in terms of value.
- The on-grid segment dominated the global market with around 87.6% of the share in terms of revenue. In addition, it is also projected to grow at the highest CAGR of 7.6% in terms of value.
- The ground-mounted segment dominated the global solar PV module market with around 60.0% of the share in terms of revenue.
- Roof top segment is projected to grow at the highest CAGR of 7.8% in terms of value.
- The utility segment dominated the global solar PV module market with around 57.6% of the share in terms of revenue.
- Residential segment is projected to grow at the highest CAGR of 7.9% in terms of value.

๐“๐ซ๐ž๐ง๐๐ข๐ง๐  ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐ข๐ง ๐„๐ง๐ž๐ซ๐ ๐ฒ ๐š๐ง๐ ๐๐จ๐ฐ๐ž๐ซ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ:

๐Ÿ. ๐’๐ฆ๐š๐ซ๐ญ ๐’๐จ๐ฅ๐š๐ซ ๐๐จ๐ฐ๐ž๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ - https://www.prnewswire.com/news-releases/smart-solar-power-market-to-reach-47-7-bn-globally-by-2031-at-13-6-cagr-allied-market-research-301642493.html

๐Ÿ. ๐“๐ซ๐š๐ง๐ฌ๐ฉ๐š๐ซ๐ž๐ง๐ญ ๐’๐จ๐ฅ๐š๐ซ ๐‚๐ž๐ฅ๐ฅ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ - https://www.globenewswire.com/en/news-release/2023/03/17/2629597/0/en/Transparent-Solar-Cells-Market-Is-Expected-to-Reach-83-5-Million-by-2031-Allied-Market-Research.html

๐Ÿ‘. ๐’๐จ๐ฅ๐š๐ซ ๐„๐ง๐ž๐ซ๐ ๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ - https://www.globenewswire.com/news-release/2023/05/18/2671601/0/en/Solar-Energy-Market-to-Reach-300-3-Billion-Globally-by-2032-at-12-3-CAGR-Allied-Market-Research.html

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ:

Allied Market Research is a top provider of market intelligence that offers reports from leading technology publishers. Our in-depth market assessments in our research reports take into account significant technological advancements in the sector. In addition to other areas of expertise, AMR focuses on the analysis of high-tech systems and advanced production systems. We have a team of experts who compile thorough research reports and actively advise leading businesses to enhance their current procedures. Our experts have a wealth of knowledge on the topics they cover. Also, they use a variety of tools and techniques when gathering and analyzing data, including patented data sources.

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Allied Market Research
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