The Global PV Module Market report by type (Crystalline Silicon (Single Crystalline, Poly Crystalline), Amorphous Silicon, Thin film, Others)by application (Residential, Commercial, Industrial,, Other), by Mounting Type (Ground Mounted, Pole Mounted, Rooftop), by Product(Solar Panel, Inverters, Batteries, Solar Charge Controllers), by geography (North America, Europe, Asia Pacific, Middle East & Africa and South America)) is expected to reach US $ XX Bn by 2027, at a CAGR of XX %.
Asia Pacific to remain dominant region due to residential segment demand in developing nations.
This is because of the rise in investment by players and the increasing demand for solar PV modules. Major shares of revenue are coming from China, and Japan. India is also estimated to grow at a healthy CAGR of xx% during the forecast period (2020-2027). APAC constituted 73.6% of the market value due to the significant movements in the Chinese market. However Chinese market is likely to see decline in its market value, at a negative CAGR of 14.8% over the forecast period (2020-2027).The global market volume is estimated to decline from 87.2 giga watt (GW) in 2019 to 69.23GW in 2027.
UK energy minister Kwasi Kwarteng has announced investment of US$ 90 Mn to tackle CO2 emissions from households and industry.US$20 Mn will be invested in cutting down household emissions through the implementation of smart energy project, impacting 250,000 people in UK announced by department for Business, Energy and industrial strategy.
Key players operating in the Global PV module market are Canadian Solar, First Solar, JA Solar Co, Jinko Solar, Renesola, Sharp Corporation, Tata Power Solar Systems Ltd., Trina Solar and Wuxi Suntech Power Co.Ltd. Abengoa, Acciona, Kaneka Corporation, Kyocera Corporation, Mitsubishi Electric Corporation, Panasonic Corporation.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global PV Module Market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global PV Module Market. The driving forces, as well as considerable restraints, have been explained in depth. in addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Global PV Module Market positioning of competitors.
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