Photovoltaic Market worth USD 48.6 billion by 2027

1. Market Research Report EXCLUSIVE EDITION Global Photovoltaic Market Research Report Global Industry Analysis, Forecast and Trends, 2021-2027 © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

2. Global Photovoltaic Global Photovoltaic Market Report Market Report © 2020 Statsville Consulting Private Limited Market Statsville Group (MSG) A part of Statsville Consulting Private Limited American Office American Office – 416, East Standsberry Street, Perkins, Oklahoma 74059, USA EMEA EMEA– 1165 Budapest 16 Diósy Lajos u. 24., Europe Asia Asia- -Pacific Office Pacific Office – F-178 Subhash Marg C Scheme, Ashok Nagar, Jaipur, Rajasthan, 302001 www.marketstatsville.com Disclaimer Disclaimer: : Any information and/or material provided by Statsville Consulting Private Limited, including any and all the analysis and/or research from Market Statsville Group (MSG), is offered to a selected group of customers in response to orders for such information, material, analysis, and/or research. As a customer of Statsville Consulting, you acknowledge that our information, material, and/or services are for your internal use only, and not for any external use and/or dissemination, or general publication, and/or disclosure to any third parties. Any and all the information and/or material provided by Statsville Consulting are based on primary interviews and/or secondary research, and are, therefore, subject to fluctuation and variance. Statsville Consulting takes no responsibility for any incorrect information and/or material supplied to us by sources we rely on, and no part of our analysis or research may be given, lent, resold, or disclosed to any third parties, including non-customers, without explicit or written permission from Statsville Consulting. Unauthorized reproduction and/or transmission of our information, material, analysis, and/or research in any form and by any means, including photocopying, mechanical/electronic recording,or otherwise, without the explicit and written permission of Statsville Consulting, is expressly and clearly prohibited. Any use of the information, material, analysis, and/or research provided by Statsville Consulting is at your sole risk; you acknowledge that the information, material, analysis, and/or research is provided “as is” and that Statsville Consulting provides no warranty of any kind, express or implied, with regard to the information, material, analysis, and/or research, including but not limited to, merchantability and fitness for any purpose and/or use. At the end, Statsville Consulting will be responsiblefor the final decision of any action. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

3. ABOUT MARKET STATSVILLE GROUP (MSG) Market Statsville Group (MSG) partners with companies and society to confront their essential risks and challenges to capture the enormous opportunities for them. MSG was initiated its working in 2017, and since then, the brand is moving to become a pioneer in business advisory and market research services. Market Statsville is the leading market research and strategy builder with the depth and breadth of solutions that perfectly suit your every need. MSG provides solutions in a wide range of industry verticals in the form of market sizing, analysis, and incisive business insights. MSG experienced research analysts are proficient at digging deep and providing a variety of customizable data that help you make decisions with clarity, confidence, and impact. Market Statsville is your global data intelligence partner for reliable market research data, data gathering, and analytical services. MSG also has an extensive network of top-flight domestic and global research personals around the world, enabling us to provide high-quality worldwide research solutions that cater to a well-established company, government organizations, or a startup. MSG's clients have the authority to work directly with one or more of our researchers to gather the most useful data knowledge and analytical plan to formulate it in the actual practice. Market Statsville Group believes that to succeed, companies or individuals must blend digital and human capabilities most efficiently. MSG diverse and experienced global team of business consultants and market researchers will ensure the valuable reports for our clients through digging in-depth market information and functional expertise to continuously spark the changes and real-time valuation of variation in the market/industry. MSG works in a uniquely collaborative model throughout the business process across the globe to assist the client's company with the most accurate information that they are aiming for in the reports. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

4. RESEARCH PROCESS Our research is an optimum culmination of secondary and primary research, with the latter playing a major role. We also have an in-house repository and access to a number of external regional and global paid databases to help address specific requirements of our clients. The research process begins with a holistic secondary research, followed by expert interviews. The information gathered is then comprehensively analyzed by our highly experienced in-house research panel © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

5. Photovoltaic Market Segmented by Technology (Thin Film, Mono-Si, Multi-Si), By System (High Concentrated PV, Low Concentrated PV), by Application (Industrial, Residential, Commercial), and by Region - Global Trends, Market Share, and Forecast to 2027 Description Description . The Market Statsville Group (MSG) publishes the new report on the " "Photovoltaic Market Multi Multi- -Si), By System (High Concentrated PV, Low Concentrated PV), By Application (Industrial, Residential, Commercial) and Regio Si), By System (High Concentrated PV, Low Concentrated PV), By Application (Industrial, Residential, Commercial) and Region n - - Global Trends, Market Share, and Forecast to 2027" Global Trends, Market Share, and Forecast to 2027". The global photovoltaic market is estimated to grow from USD 24,329.6 million in 2020 to USD 95,059.9 million by 2027, at a CAGR of 25.5% from 2021 to 2027. Photovoltaic energy is the energy produced by the sun’s radiation, which is transformed into electricity in photovoltaic cells. The rise in awareness of climate changes, increase in energy needs, and the emergence of new innovative business models are the prime factors that supplement the market growth. An increase in demand for installing rooftop photovoltaic power stations across the U.S., UK, Germany, Italy, China, and France is witnessed among residential applications, owing to the benefit to the installer. The installer has the right to feed solar electricity into the public grid and hence receive a reasonable premium tariff per generated kWh, reflecting the benefits of solar electricity to compensate for the current extra costs of PV electricity. This factor is anticipated to propel market growth. Photovoltaic MarketBy Technology (Thin Film, Mono By Technology (Thin Film, Mono- -Si, Si, Get a Sample PDF copy of the Report: Get a Sample PDF copy of the Report: - - https://www.marketstatsville.com/request https://www.marketstatsville.com/request- -sample/photovoltaic sample/photovoltaic- -market market © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

6. Global Photovoltaic Market Global Photovoltaic Market Segmentation Segmentation The overall photovoltaic market has been segmented into the mode of technology, system, application, and region. By Technology (Thin Film, Mono-Si, Multi-Si) By System (High Concentrated PV, Low Concentrated PV) By Application (Industrial, Residential, Commercial) By Region (US, Canada, Mexico, UK, Germany, France, Italy, Spain, China, Japan, India, South Korea, Southeast Asia, Australia, Saudi Arabia, UAE, South Africa, Qatar, Nigeria, Israel, Brazil, Argentina, Peru) Buy an exclusive copy: - https://www.marketstatsville.com/buy-now/photovoltaic-market Low Concentrated PV, by system type, is estimated to hold the largest market share during the forecast period Low Concentrated PV, by system type, is estimated to hold the largest market share during the forecast period Based on the system type, the global photovoltaic market has been segmented into High Concentrated PV and Low Concentrated PV. In 2020, Low concentrated PV accounted for the largest market share of 72.05% in the global photovoltaic market and was anticipated to maintain its dominance throughout the forecast period. LCPV is widely used in standalone or off-grid systems, which are not connected to the electrical grid and operate on batteries. Moreover, LCPV is used to charge batteries using electricity generated using energy from sunlight. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

7. In addition, it is used in the agriculture sector to generate low-cost electricity using solar panels to operate water pumps. An increase in infrastructure development activities such as constructing highways across Europe, the U.S., Mexico, China, and India have fueled the demand for solar street lights. In addition, the development of the agricultural sector due to an increase in demand production of agriculture products across countries of Asia-Pacific regions such as India, China, and Thailand coupled with the surge in population has propelled the demand for LCPV systems, thus driving the market growth. Don't miss out on business opportunities in Photovoltaic Market. Speak to our research analyst and gain crucial market insigh Don't miss out on business opportunities in Photovoltaic Market. Speak to our research analyst and gain crucial market insights will benefit your business grow. will benefit your business grow. ts that that The Asia Pacific accounts for the largest market share during the forecast period in the photovoltaic The Asia Pacific accounts for the largest market share during the forecast period in the photovoltaic market market Based on the regions, the global photovoltaic market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East Africa. In 2020, Asia Pacific is accounted for the highest market revenue share of 49.29% in the global photovoltaic market and was anticipated to maintain its dominance throughout the forecast period, followed by Europe with a market revenue share of 34.62%. The increase in solar energy production in Asia-Pacific is attributed to the rise in usage of solar energy in standalone systems such as solar street lamps and telecommunication signaling towers. Rapid industrialization and urbanization across countries of the Asia-Pacific region such as India, China, and Thailand have led to an increase in infrastructure development activities, including the construction of highways and new residential complexes, which are expected to fuel the demand for standalone systems. In addition, an increase in government initiatives, such as Akshay Urja, which includes electrification of rural areas, is expected to increase the demand for PV energy, as the government will distribute solar lighting systems in rural areas © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

8. . In addition, photovoltaic panels are used in satellites to generate electricity for the smooth functioning of satellites in space. Thus, an increase in government investment in the RD of satellite technology for civil and military uses is expected to propel the demand for PV energy. Furthermore, photovoltaic panels generate electricity to power batteries of telecommunication towers to transmit the signal long-range. Thus, the development and usage of mobile technologies such as 4G and 5G is expected to drive the growth of the Asia- Pacific PV market The photovoltaic market is consolidated in nature with few players such as Abengoa SE, Acciona S.A., First Solar Inc., JA Solar Co., Ltd., Sharp Corporation, Tata Power Solar Systems Co. Ltd., Canadian Solar, Inc., Trina Solar, and Renesola, garnering a significant share of the market. These players have been adopting various strategies to gain higher shares or retain leading positions in the market. Browse complete report: Browse complete report: https://www.marketstatsville.com/photovoltaic https://www.marketstatsville.com/photovoltaic- -market market © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

9. Research Methodology Market Statsville Group (MSG) research is conducted by industry experts who offer insight into industry structure, market segmentation, product assessment, competitive landscape (CL), penetration, as well as on emerging trends. Besides primary interviews (~80%) and secondary research (~20%), their analysis is based on their years of professional expertise in respective industries. Our analysts also predict where the market will be headed in the next five to ten years by analyzing historical trends and current market positions. Furthermore, the varying trends of the segments and categories are geographically presented, studied, and estimated based on primary and secondary research. Primary Primary Research Research – – Extensive primary research was conducted to gain a deeper insight into the market and industry performance. In this particular report we have conducted primary surveys (interviews) with the key level executives (VPs, CEOs, marketing directors, and business development managers) of the major players who are active in the global software testing market. In addition to analyzing the current and historical trends, our analysts predict where the market is headed, over the next six years. Secondary Secondary Research technical, market-oriented, and commercial study of the global software testing market. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, SEC filings, journals, white papers, corporate presentations, company web sites, international organization, some paid databases, and many others. Research – –Secondary research was mainly used to collect and identify information useful for the extensive, © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

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