PUBLISHER: TechNavio | PRODUCT CODE: 1516421
PUBLISHER: TechNavio | PRODUCT CODE: 1516421
The grid connected pv systems market is forecasted to grow by USD 151.1 bn during 2023-2028, accelerating at a CAGR of 12.13% during the forecast period. The report on the grid connected pv systems market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by advantages associated with grid-connected pv systems, declining cost of solar pv systems, and favorable government regulations.
Technavio's grid connected pv systems market is segmented as below:
Market Scope | |
---|---|
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 10.95% |
CAGR | 12.13% |
Incremental Value | $151.1bn |
By End-user
By Geography
This study identifies the increasing adoption of microgrids as one of the prime reasons driving the grid connected pv systems market growth during the next few years. Also, advances in thin-film solar pv modules and emergence of zero-energy buildings will lead to sizable demand in the market.
The report on the grid connected pv systems market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading grid connected pv systems market vendors that include ABB, Canadian Solar Inc., Delta Electronics Inc., Emeren Group Ltd., First Solar Inc., Flin Technologies Pvt. Ltd., Hanwha Corp., Huawei Technologies Co. Ltd., JA Solar Technology Co. Ltd., JinkoSolar Holding Co. Ltd., KACO new energy, Kyocera Corp., LG Electronics Inc., Luminous Power Technologies Pvt. Ltd., Lumos Global BV, Panasonic Holdings Corp., Shenzhen Kstar Science and Technology Co. Ltd., SMA Solar Technology AG, SolarEdge Technologies Inc., and Trina Solar Co. Ltd.. Also, the grid connected pv systems market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
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