Solar PV Market is expected to reach 52200 Million US$ by 2025 – QY Research

QYResearch (QYR) (www.qyresearch.com) has published a new report titled, ‘Solar PV Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2025’.

Los Angeles, USA - October 1, 2018 /MarketersMedia/ —

This study focuses on the production side and consumption side of Solar PV, presents the global Solar PV market size by manufacturers, regions, type and application, history breakdown data from 2013 to 2018, and forecast to 2025.

In terms of production side, this report researches the Solar PV capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and product type.

In terms of consumption side, this report focuses on the consumption of Solar PV by regions and application. The key regions like North America, Europe, Asia-Pacific, Central & South America, Middle East and Africa etc.

Solar PV is one kind of device made from crystalline silicon or thin film which converts solar energy into electricity by a process known as the photovoltaic effect. The key indicator for solar PV is conversion efficiency.

China is still the biggest market in the global Solar PV market, about 50% market share in 2015, the annual production is more than any single countries’ double production and the capacity is expansion in these years, almost 60% occurs in China. The future capacity and production market share will increase, or at least maintain the current share. For these regions, Asia owns the largest market share comparing with Europe and North America, indicating the strong demand of Solar PV products.

The Solar PV industry concentration degree is relatively low, there are more than 200 manufacturers in the world and we think in the next few years, the concentration degree will rise.

Since the anti-dumping duties occurred, the competitive status has already turned white-hot, with the price declining, the gross profit of the whole industry is narrowing and it will be unsteady to some extent. The raw material’s price is also uncertainty, currently; the raw material has a growth trend.

The Solar PV market was valued at 44800 Million US$ in 2017 and is projected to reach 52200 Million US$ by 2025, at a CAGR of 1.9% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Solar PV.

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This report includes the following manufacturers; we can also add the other companies as you want.

Hanwha Q CELLS

Neo Solar Power

Motech

Kyocera Solar

Gintech Energy

SolarWorld

SunPower

REC Group

Sharp

E-Ton Solar Tech

Trina Solar

Yingli

JA Solar

Canadian Solar

Jinko Solar

China Sunergy

Hareonsolar

Eging PV

TongWei Solar

Market Segment by Product Type

Crystalline Silicon

Compound Type

Others

Market Segment by Application

Residential

Commercial

Ground Station

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Release ID: 414959