Global Photovoltaic System Market 2015 is expected to reach $514.65 billion by 2022
The Global Photovoltaic System market is estimated to be $110.7 billion in 2014 with CAGR of 21.18% is expected to reach $514.65 billion by 2022. Photovoltaic Systems are used to convert the sunlight into electricity. Photovoltaic System is secure, reliable and easy to install. These systems are help in delivering safe, clean and affordable electricity. The factors such as Government renewable targets and rise in Demand for Solar Systems are influencing the growth of Photovoltaic System Market. Whereas high installation and storage costs, restrict the growth of the market.
- Global [Photovoltaic System Market] is estimated $110.7 billion in 2014.
- Global [Photovoltaic System Market] is growing Compound Annual Growth Rate (CAGR) of 21.18% During forecast period 2014 to 2022.
- Global [Photovoltaic System Market] is expected to reach value $514.65 billion till year 2022.
- Report Segmented based on: By Component, by Type, by Application and by Geography.
- Global [Photovoltaic System Market] geography is segmented into: North America, Europe, Asia Pacific, and Rest of the World.
- Key players in [Photovoltaic System Market] – Kyocera Corporation, ReneSola Co. Ltd, Mitsubishi Electric Corporation, Trina Solar, Panasonic Corporation, JA solar Co. Ltd, Kaneka Corporation, Yingli Green, Canadian Solar.
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Global Photovoltaic System market is mainly segregated by Component, by Type, by Application and by Geography. Based on Component, the market is further segmented into Optics, Trackers, and Cells. Based on Type, the market is further classified into Organic PV and Inorganic PV. Based on Application, the market is categorized into Utility, Residential and Non-Residential. Market by geography, is segmented into North America, Europe, Asia Pacific, and Rest of the World. Europe has the major market for Photovoltaic System followed by Asia Pacific. Asia Pacific is expected to be the leading market with increase in demand for high quality and low priced products.
The key players in the Photovoltaic System market include, Mitsubishi Electric Corporation, Trina Solar, Kyocera Corporation, ReneSola Co. Ltd, Panasonic Corporation, JA solar Co. Ltd, Kaneka Corporation, Yingli Green, Canadian Solar.
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