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Global Solar Photovoltaic Growth Opportunities
Global Solar Photovoltaic Growth Opportunities
Decarbonization Efforts and Continual Decline in Project Costs Drive Transformational Growth
RELEASE DATE
23-Feb-2022
23-Feb-2022
REGION
Global
Global
Research Code: MG6D-01-00-00-00
SKU: EG02218-GL-MT_26304
$4,950.00
Special Price $3,712.50 save 25 %
In stock
SKU
EG02218-GL-MT_26304
Description
Global concerns about climate change have spurred a flurry of investments in renewable energy sources and other decarbonization initiatives. The efforts to focus on renewables were initiated at the 2016 COP21 in Paris, which led to countries setting renewable energy targets to achieve by 2030 in attempt to mitigate global warming. More recently, at COP26, more than 100 countries pledged to cut methane emissions by 30.0% from 2020 levels, which would directly impact the energy sector, considering oil and gas is the main source of methane emissions, further spurring the transition to other renewable sources like solar photovoltaic (PV).
Solar PV is an advantageous option when comparing the various renewable sources available, being a low-investment, low-maintenance option characterized by the year-round abundance of the energy source and ease of accessibility as compared to wind, which needs sizeable resources including land and investment. Advancements in storage technologies have strengthened the case for PV, with variability in production having been a major source of concern in the past.
This study assesses growth opportunities for the global solar PV market and uses proprietary modeling to estimate its revenue potential. The model uses estimated annual capacity additions based on countries’ individual and regional targets for 2030 and other secondary resources. The study also presents PV market trends that will define the industry’s growth, major players across the value chain (PV cells, modules, inverters, and O&M), and the competitive environment. Where applicable, market potential refers to the estimated revenue opportunity size between 2022 and 2030 that is available for interested stakeholders to capitalize on. Key countries in each region are profiled, detailing their market potential.
Key Issues Addressed
- What is the current status of the global solar PV market?
- What are the key drivers and restraints affecting the market? What are the competitive factors?
- Is the market growing? How long will it continue to grow, and at what rate?
- How are key regulations affecting the market?
- Which are the key growth regions for solar PV that market players can consider for expansion? Which countries are suitable for investments in these regions?
- Who are the key market players, what is the state of the competitive environment, and what are their innovative business models or solutions?
- How are revenues expected to change over the course of the next few years?
- What avenues are available for strategic investment in the global solar PV market, and how can key stakeholders benefit from them?
Table of Contents
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Global Solar Photovoltaic (PV) Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Findings
Scope of Analysis
Global Solar PV Market Segmentation
Global Solar PV Market Segmentation (continued)
Global Solar PV Market Hotspots
Key Competitors in the Value Chain
Top Solar PV IPPs and EPC Companies
Key Growth Metrics
Market Distribution Channels
Solar PV Value Chain
Growth Drivers
Growth Restraints
Forecast Assumptions, Global Solar PV Market
Solar PV Annual Capacity Addition Forecast by Region
Solar PV Cumulative Installed Capacity Forecast by Region
Solar PV Revenue Forecast by Region
Solar PV Revenue Forecast by End-user Type
Revenue Forecast Analysis by Region
Revenue Forecast Analysis by Region (continued)
Revenue Forecast Analysis by Region (continued)
Competitive Environment—Solar PV Cells
Market Share, Solar PV Cells
Competitive Environment—Solar PV Modules
Market Share, Solar PV Modules
Competitive Environment—Solar PV Inverters
Revenue Share, Solar Inverters
Competitive Environment—O&M Service Providers
Revenue Share, O&M Service Producers
Global Solar PV Industry, Key Market Trends
Inverter Technology Evolution Drives Cost Performance Improvements
Solar Trackers to Play a Crucial Role Ensuring Overall Plant Efficiency
Bifacial Solar Panels Boost Operational Efficiency
Perovskite and Silicon May Create a Paradigm Shift in Plant Efficiency
BIPV Deployment Continues to Increase
Asia as Hotspot for Floating Solar
Advancements in Servicing Propositions Deliver Cost Savings and Efficiency
Agri PV and Agrophotovoltaics to Optimize Land Usage
Key Growth Metrics—Europe
Solar PV Cumulative Installed Capacity Forecast by Country—Europe
Revenue Forecast by Country—Europe
Revenue Forecast by End-user Segment—Europe
Country Profile—Germany
Country Profile—Germany (continued)
Revenue Forecast by End-user Segment—Germany
Country Profile—France
Country Profile—France (continued)
Revenue Forecast by End-user Segment—France
Country Profile—Italy
Country Profile—Italy (continued)
Revenue Forecast by End-user Segment—Italy
Country Profile—Spain
Country Profile—Spain (continued)
Revenue Forecast by End-user Segment—Spain
Country Profile—UK
Country Profile—UK (continued)
Revenue Forecast by End-user Segment—UK
Key Growth Metrics—North America
Solar PV Cumulative Installed Capacity Forecast by Country—North America
Revenue Forecast by Country—North America
Revenue Forecast by End-user Segment—North America
Country Profile—US
Country Profile—US (continued)
Revenue Forecast by End-user Segment—US
Key Growth Metrics—Latin America
Solar PV Cumulative Installed Capacity Forecast by Country—Latin America
Revenue Forecast by Country—Latin America
Revenue Forecast by End-user Segment—Latin America
Country Profile—Brazil
Country Profile—Brazil (continued)
Revenue Forecast by End-user Segment—Brazil
Country Profile—Chile
Country Profile—Chile (continued)
Revenue Forecast by End-user Segment—Chile
Key Growth Metrics—APAC
Solar PV Cumulative Installed Capacity Forecast by Country—APAC
Revenue Forecast by Country—APAC
Revenue Forecast by End-user Segment—APAC
Country Profile—Australia
Country Profile—Australia (continued)
Revenue Forecast by End-user Segment—Australia
Country Profile—China
Country Profile—China (continued)
Revenue Forecast by End-user Segment—China
Country Profile—India
Country Profile—India (continued)
Revenue Forecast by End-user Segment—India
Country Profile—Japan
Country Profile—Japan (continued)
Revenue Forecast by End-user Segment—Japan
Country Profile—South Korea
Country Profile—South Korea (continued)
Revenue Forecast by End-user Segment—South Korea
Key Growth Metrics—Middle East
Solar PV Cumulative Installed Capacity Forecast by Country—Middle East
Revenue Forecast by Country—Middle East
Revenue Forecast by End-user Segment—Middle East
Country Profile—KSA
Country Profile—KSA (continued)
Revenue Forecast by End-user Segment—KSA
Country Profile—UAE
Country Profile—UAE (continued)
Revenue Forecast by End-user Segment—UAE
Country Profile—Israel
Country Profile—Israel (continued)
Revenue Forecast by End-user Segment—Israel
Key Growth Metrics—Africa
Solar PV Cumulative Installed Capacity Forecast by Country—Africa
Revenue Forecast by Country—Africa
Revenue Forecast by End-user Segment—Africa
Country Profile—South Africa
Country Profile—South Africa (continued)
Revenue Forecast by End-user Segment—South Africa
Country Profile—Egypt
Country Profile—Egypt (continued)
Revenue Forecast by End-user Segment—Egypt
Growth Opportunity 1—Solar PV Plants for Green Hydrogen Production
Growth Opportunity 1—Solar PV Plants for Green Hydrogen Production (continued)
Growth Opportunity 2—Energy-as-a-Service
Growth Opportunity 2—EaaS (continued)
Growth Opportunity 3—Advanced Inverters
Growth Opportunity 3—Advanced Inverters (continued)
Growth Opportunity 4—Strategic Partnerships
Growth Opportunity 4—Strategic Partnerships (continued)
Growth Opportunity 5—Specialist O&M Service Offerings
Growth Opportunity 5—Specialist O&M Service Offerings (continued)
Global Solar PV Market—Top Solar PV Companies Based on Installed Capacity
List of Other O&M Service Providers
Sources
Your Next Steps
Why Frost, Why Now?
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
Legal Disclaimer
Global concerns about climate change have spurred a flurry of investments in renewable energy sources and other decarbonization initiatives. The efforts to focus on renewables were initiated at the 2016 COP21 in Paris, which led to countries setting renewable energy targets to achieve by 2030 in attempt to mitigate global warming. More recently, at COP26, more than 100 countries pledged to cut methane emissions by 30.0% from 2020 levels, which would directly impact the energy sector, considering oil and gas is the main source of methane emissions, further spurring the transition to other renewable sources like solar photovoltaic (PV).
Solar PV is an advantageous option when comparing the various renewable sources available, being a low-investment, low-maintenance option characterized by the year-round abundance of the energy source and ease of accessibility as compared to wind, which needs sizeable resources including land and investment. Advancements in storage technologies have strengthened the case for PV, with variability in production having been a major source of concern in the past.
This study assesses growth opportunities for the global solar PV market and uses proprietary modeling to estimate its revenue potential. The model uses estimated annual capacity additions based on countries’ individual and regional targets for 2030 and other secondary resources. The study also presents PV market trends that will define the industry’s growth, major players across the value chain (PV cells, modules, inverters, and O&M), and the competitive environment. Where applicable, market potential refers to the estimated revenue opportunity size between 2022 and 2030 that is available for interested stakeholders to capitalize on. Key countries in each region are profiled, detailing their market potential.--BEGIN PROMO--
Key Issues Addressed
- What is the current status of the global solar PV market
- What are the key drivers and restraints affecting the market What are the competitive factors
- Is the market growing How long will it continue to grow, and at what rate
- How are key regulations affecting the market
- Which are the key growth regions for solar PV that market players can consider for expansion Which countries are suitable for investments in these regions
- Who are the key market players, what is the state of the competitive environment, and what are their innovative business models or solutions
- How are revenues expected to change over the course of the next few years
- What avenues are available for strategic investment in the global solar PV market, and how can key stakeholders benefit from them
| Author | Saraswathi Venkatesan |
|---|---|
| GPS Codes | 9AFE-A4,9B00-A4,9851,GETE |
| Industries | Energy |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | photovoltaics |
| Keyword 2 | solar photovoltaic |
| Keyword 3 | solar pv |
| Podcast | No |
| WIP Number | MG6D-01-00-00-00 |