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Photovoltaic Market by Technology, System, and Application: Global Opportunity Analysis and Industry Forecast, 2019-2026
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Opportunity Analysis and Industry Forecast, 2016-2023 desouza.nancy123@gmail.com Photovoltaic Market by Technology, System, and Application: Global Opportunity Analysis and Industry Forecast 2019-2026 • Pages: 342 Tables: 229 Charts: 91
Global photovoltaic market is projected to reach $333,725.1 million by 2026, growing at a CAGR of 25.1% from 2019 to 2026.
PV technology is widely used in rooftop solar installations for providing stored energy for residential buildings at low cost. • PV technology is used in aerospace & defense sector for manufacturing of solar panels to be used in satellite. • Thin film segment to continue its dominant status during the forecast period. • Supportive government initiatives and regulations for usage of photovoltaic technology and rise in demand for PV technology in residential applications.
Key Findings of the Photovoltaic Market : • The Asia-Pacific photovoltaic market is predicted to hold a share of over 48.93% by 2026. • The thin film photovoltaic technology segment is expected to dominate the market, garnering a share 48.52% during the projected period. • The low concentration PV segment is projected to hold a share of over 39.00% by 2026. • The industrial application segment is estimated to account for 45.52% of the share by 2026. • The Europe photovoltaic market is predicted to hold a share of over 38.98% by 2026.
Key market Players : The key players operating in the photovoltaic industry include Abengoa, Acciona, Canadian Solar, First Solar, JA Solar Co., Ltd., Renesola, Sharp Corporation, Tata Power Solar Systems Ltd., Trina Solar and Wuxi Suntech Power Co., Ltd.
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