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Based on the type, the photovoltaic market has been segmented into organic and inorganic components. In 2018, the inorganic components segment accounted for the largest share of the photovoltaic market. Moreover, the organic components segment is projected to grow at a faster pace during the forecast period. The organic photovoltaic technology is useful to transform solar energy to fully redefined electric energy. This technology has the potential to supply electricity at a lower cost. The organic components are used in certain electronic gadgets and wearable devices, where the product is designed to operate on solar energy. Additionally, the rising concern regarding greenhouse gas emissions and carbon footprint have also influenced the market of organic components. The growing trend of building green structures in developed countries including the US, Canada, Australia, China, Germany, and France, among others, is expected to favor the growth of the photovoltaic market during the forecast period.
Supportive government policies is driving the growth of the photovoltaic market. Several government policies have been initiated to promote and support the use of solar energy and production of solar PV products. Such policies may vary across countries and may contribute to regulatory uncertainty. Many government policies have been framed to promote the production and consumption that reflects the growth and development of solar PV industries. Production policies relate to transfer of technology, funding for research and development, production subsidies offered by the government, research deployment, and others. Consumption policies aimed to enhance the installation demand may drive the production of cost-effective solar equipment. To boost the consumption of solar PV technologies, governments initiated policies related to consumption subsidies, FiTs, tax credits, renewable portfolio standards, and others. Therefore, the growth of the photovoltaic market is strongly supported by government policies.
Some of the players present in global photovoltaic market are Mitsubishi Electric Corporation, Panasonic Corporation, Kaneka Corporation, Kyocera Corporation, Sharp Corporation, JA Solar Co. Ltd, Renesola Co. Ltd, Trina Solar, Jinko Solar, and Shunfeng International Clean Energy Limited among others. These players are influencing the growth of the photovoltaic market.
The overall global photovoltaic market size has been derived using both primary and secondary source. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the photovoltaic market. Also, multiple primary interviews were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the photovoltaic market.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Photovoltaic Market, by Application
1.3.2 Photovoltaic Market, by Type
1.3.3 Photovoltaic Market, by Component
1.3.4 Photovoltaic Market, by Geography
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Photovoltaic Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 Asia Pacific
4.2.4 Middle East and Africa
4.2.5 South America
5. Photovoltaic Market - Global Market Analysis
5.1 Global Photovoltaic Market Overview
5.2 Global Photovoltaic Market Forecast and Analysis
5.3 Market Positioning - Key Market Players
6. Photovoltaic Market - Key Industry Dynamics
6.1 Key Market Drivers
6.1.1 Focus Toward Renewable Energy Forms
6.1.2 Supportive Government Policies
6.2 Key Market Restraints
6.2.1 High Cost Associated with Photovoltaic Systems
6.3 Key Market Opportunities
6.3.1 Increasing Use of Photovoltaic Paints for Tapping Solar Energy
6.4 Key Future Trends
6.4.1 Rising Demand for Grid-Connected PV Systems
6.5 Impact Analysis
7. Global Photovoltaic Market Analysis - By Type
7.1 Overview
7.2 Global Photovoltaic Market Breakdown, by Type, 2018 & 2027
7.3 Organic Components
7.3.1 Overview
7.3.2 Global Organic Components Photovoltaic Market Revenue Forecast to 2027 (US$ Bn)
7.4 Inorganic Components
7.4.1 Overview
7.4.2 Global Inorganic Components Photovoltaic Market, Revenue Forecast to 2027 (US$ Bn)
8. Global Photovoltaic Market Analysis - By Component
8.1 Overview
8.2 Global Photovoltaic Market Breakdown, By Component, 2018 & 2027
8.3 Cells
8.3.1 Overview
8.3.2 Global Cells Market Revenue Forecasts to 2027 (US$ Bn)
8.4 Optics
8.4.1 Overview
8.4.2 Global Optics Market Revenue Forecasts to 2027 (US$ Bn)
8.5 Trackers
8.5.1 Overview
8.5.2 Global Trackers Market Revenue forecast to 2027 (US$ Bn)
9. Global Photovoltaic Market Analysis - by Application
9.1 Overview
9.2 Global Photovoltaic Market Breakdown, By Application, 2018 & 2027
9.3 Commercial Applications
9.3.1 Overview
9.3.2 Global Commercial Applications in Photovoltaic Revenue and Forecasts to 2027 (US$ BN)
9.4 Residential Application
9.4.1 Overview
9.4.2 Global Residential Application in Photovoltaic Revenue Forecast to 2027 (US$ BN)
9.5 Utility Application
9.5.1 Overview
9.5.2 Global Utility Application in Photovoltaic Revenue and Forecast to 2027 (US$ BN)
10. Photovoltaic Market - Geographic Analysis
10.1 Overview
10.2 North America Photovoltaic Market Revenue and Forecasts to 2027
10.2.1 North America Photovoltaic Market Revenue and Forecast to 2027 (US$ Bn)
10.2.2 North America Photovoltaic Market Breakdown, by Application
10.2.3 North America Photovoltaic Market Breakdown, by Type
10.2.4 North America Photovoltaic Market Breakdown, by Component
10.2.5 North America Photovoltaic Market Breakdown, by Country
10.2.5.1 US Photovoltaic Market Revenue and Forecast to 2027 (US$ BN)
10.2.5.1.1 US Photovoltaic Market Breakdown, by Application
10.2.5.1.2 US Photovoltaic Market Breakdown, by Type
10.2.5.1.3 US Photovoltaic Market Breakdown, by Component
10.2.5.2 Canada Photovoltaic Market Revenue and Forecast to 2027 (US$ BN)
10.2.5.2.1 Canada Photovoltaic Market Breakdown, by Application
10.2.5.2.2 Canada Photovoltaic Market Breakdown, by Type
10.2.5.2.3 Canada Photovoltaic Market Breakdown, by Component
10.2.5.3 Mexico Photovoltaic Market Revenue and Forecast to 2027 (US$ BN)
10.2.5.3.1 Mexico Photovoltaic Market Breakdown, by Application
10.2.5.3.2 Mexico Photovoltaic Market Breakdown, by Type
10.2.5.3.3 Mexico Photovoltaic Market Breakdown, by Component
10.3 Europe Photovoltaic Market Revenue and Forecasts to 2027
10.3.1 Europe Photovoltaic Market Revenue and Forecast to 2027 (US$ Bn)
10.3.2 Europe Photovoltaic Market Breakdown, by Application
10.3.3 Europe Photovoltaic Market Breakdown, by Type
10.3.4 Europe Photovoltaic Market Breakdown, by Component
10.3.5 Europe Photovoltaic Market Breakdown, by Country
10.3.5.1 Germany Photovoltaic Market Revenue and Forecast to 2027 (US$ BN)
10.3.5.1.1 Germany Photovoltaic Market Breakdown, by Application
10.3.5.1.2 Germany Photovoltaic Market Breakdown, by Type
10.3.5.1.3 Germany Photovoltaic Market Breakdown, by Component
10.3.5.2 France Photovoltaic Market Revenue and Forecast to 2027 (US$ BN)
10.3.5.2.1 France Photovoltaic Market Breakdown, by Application
10.3.5.2.2 France Photovoltaic Market Breakdown, by Type
10.3.5.2.3 France Photovoltaic Market Breakdown, by Component
10.3.5.3 Italy Photovoltaic Market Revenue and Forecast to 2027 (US$ BN)
10.3.5.3.1 Italy Photovoltaic Market Breakdown, by Application
10.3.5.3.2 Italy Photovoltaic Market Breakdown, by Type
10.3.5.3.3 Italy Photovoltaic Market Breakdown, by Component
10.3.5.4 Spain Photovoltaic Market Revenue and Forecast to 2027 (US$ BN)
10.3.5.4.1 Spain Photovoltaic Market Breakdown, by Application
10.3.5.4.2 Spain Photovoltaic Market Breakdown, by Type
10.3.5.4.3 Spain Photovoltaic Market Breakdown, by Component
10.3.5.5 UK Photovoltaic Market Revenue and Forecast to 2027 (US$ BN)
10.3.5.5.1 UK Photovoltaic Market Breakdown, by Application
10.3.5.5.2 UK Photovoltaic Market Breakdown, by Type
10.3.5.5.3 UK Photovoltaic Market Breakdown, by Component
10.3.5.6 Russia Photovoltaic Market Revenue and Forecast to 2027 (US$ BN)
10.3.5.6.1 Russia Photovoltaic Market Breakdown, by Application
10.3.5.6.2 Russia Photovoltaic Market Breakdown, by Type
10.3.5.6.3 Russia Photovoltaic Market Breakdown, by Component
10.3.5.7 Rest of Europe Photovoltaic Market Revenue and Forecast to 2027 (US$ BN)
10.3.5.7.1 Rest of Europe Photovoltaic Market Breakdown, by Application
10.3.5.7.2 Rest of Europe Photovoltaic Market Breakdown, by Type
10.3.5.7.3 Rest of Europe Photovoltaic Market Breakdown, by Component
10.4 SAM Photovoltaic Market Revenue and Forecast to 2027
10.4.1 SAM Photovoltaic Market Revenue and Forecast to 2027 (US$ Bn)
10.4.2 SAM Photovoltaic Market Breakdown, By Application
10.4.3 SAM Photovoltaic Market Breakdown, By Type
10.4.4 SAM Photovoltaic Market Breakdown, By Component
10.4.5 SAM Photovoltaic Market Breakdown, by Country
10.4.5.1 Brazil Photovoltaic Market Revenue and Forecast to 2027 (US$ BN)
10.4.5.1.1 Brazil Photovoltaic Market Breakdown, By Application
10.4.5.1.2 Brazil Photovoltaic Market Breakdown, By Type
10.4.5.1.3 Brazil Photovoltaic Market Breakdown, By Component
10.4.5.2 Argentina Photovoltaic Market Revenue and Forecast to 2027 (US$ BN)
10.4.5.2.1 Argentina Photovoltaic Market Breakdown, By Application
10.4.5.2.2 Argentina Photovoltaic Market Breakdown, By Type
10.4.5.2.3 Argentina Photovoltaic Market Breakdown, By Component
10.4.5.3 Rest of SAM Photovoltaic Market Revenue and Forecast to 2027 (US$ BN)
10.4.5.3.1 Rest of SAM Photovoltaic Market Breakdown, By Application
10.4.5.3.2 Rest of SAM Photovoltaic Market Breakdown, By Type
10.4.5.3.3 Rest of SAM Photovoltaic Market Breakdown, By Component
10.5 APAC Photovoltaic Market Revenue and Forecast to 2027
10.5.1 APAC Photovoltaic Market Revenue and Forecast to 2027 (US$ Bn)
10.5.2 APAC Photovoltaic Market Breakdown, By Application
10.5.3 APAC Photovoltaic Market Breakdown, By Type
10.5.4 APAC Photovoltaic Market Breakdown, By Component
10.5.5 APAC Photovoltaic Market Breakdown, by Country
10.5.5.1 Australia Photovoltaic Market Revenue and Forecast to 2027 (US$ BN)
10.5.5.1.1 Australia Photovoltaic Market Breakdown, By Application
10.5.5.1.2 Australia Photovoltaic Market Breakdown, By Type
10.5.5.1.3 Australia Photovoltaic Market Breakdown, By Component
10.5.5.2 China Photovoltaic Market Revenue and Forecast to 2027 (US$ BN)
10.5.5.2.1 China Photovoltaic Market Breakdown, By Application
10.5.5.2.2 China Photovoltaic Market Breakdown, By Type
10.5.5.2.3 China Photovoltaic Market Breakdown, By Component
10.5.5.3 Japan Photovoltaic Market Revenue and Forecast to 2027 (US$ BN)
10.5.5.3.1 Japan Photovoltaic Market Breakdown, By Application
10.5.5.3.2 Japan Photovoltaic Market Breakdown, By Type
10.5.5.3.3 Japan Photovoltaic Market Breakdown, By Component
10.5.5.4 India Photovoltaic Market Revenue and Forecast to 2027 (US$ BN)
10.5.5.4.1 India Photovoltaic Market Breakdown, By Application
10.5.5.4.2 India Photovoltaic Market Breakdown, By Type
10.5.5.4.3 India Photovoltaic Market Breakdown, By Component
10.5.5.5 South Korea Photovoltaic Market Revenue and Forecast to 2027 (US$ BN)
10.5.5.5.1 South Korea Photovoltaic Market Breakdown, By Application
10.5.5.5.2 South Korea Photovoltaic Market Breakdown, By Type
10.5.5.5.3 South Korea Photovoltaic Market Breakdown, By Component
10.5.5.6 Taiwan Photovoltaic Market Revenue and Forecast to 2027 (US$ BN)
10.5.5.6.1 Taiwan Photovoltaic Market Breakdown, By Application
10.5.5.6.2 Taiwan Photovoltaic Market Breakdown, By Type
10.5.5.6.3 Taiwan Photovoltaic Market Breakdown, By Component
10.5.5.7 Rest of APAC Photovoltaic Market Revenue and Forecast to 2027 (US$ BN)
10.5.5.7.1 Rest of APAC Photovoltaic Market Breakdown, By Application
10.5.5.7.2 Rest of APAC Photovoltaic Market Breakdown, By Type
10.5.5.7.3 Rest of APAC Photovoltaic Market Breakdown, By Component
10.6 MEA Photovoltaic Market Revenue and Forecast to 2027
10.6.1 MEA Photovoltaic Market Revenue and Forecast to 2027 (US$ Bn)
10.6.2 MEA Photovoltaic Market Breakdown, By Application
10.6.3 MEA Photovoltaic Market Breakdown, By Type
10.6.4 MEA Photovoltaic Market Breakdown, By Component
10.6.5 MEA Photovoltaic Market Breakdown, by Country
11. Company Profiles
11.1 Mitsubishi Electric Corporation
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.2 Panasonic Corporation
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Kaneka Corporation
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Kyocera Corporation
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Sharp Corporation
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 JA Solar Co., Ltd.
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Renesola Co. Ltd
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Trina Solar
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.9 Jinko Solar
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Shunfeng International Clean Energy Co., Ltd.
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
Table 1. Global Photovoltaic Market Revenue and Forecasts to 2027 (US$ Bn)
Table 2. North America Photovoltaic Market Revenue and Forecasts to 2027 - By Application (US$ Bn)
Table 3. North America Photovoltaic Market Revenue and Forecasts to 2027 - By Type (US$ Bn)
Table 4. North America Photovoltaic Market Revenue and Forecasts to 2027 - By Component (US$ Bn)
Table 5. US Photovoltaic Market Revenue and Forecasts to 2027 - By Application (US$ Bn)
Table 6. US Photovoltaic Market Revenue and Forecasts to 2027 - By Type (US$ Bn)
Table 7. US Photovoltaic Market Revenue and Forecasts to 2027 - By Component (US$ Bn)
Table 8. Canada Photovoltaic Market Revenue and Forecasts to 2027 - By Application (US$ Bn)
Table 9. Canada Photovoltaic Market Revenue and Forecasts to 2027 - By Type (US$ Bn)
Table 10. Canada Photovoltaic Market Revenue and Forecasts to 2027 - By Component (US$ Bn)
Table 11. Mexico Photovoltaic Market Revenue and Forecasts to 2027 - By Application (US$ Bn)
Table 12. Mexico Photovoltaic Market Revenue and Forecasts to 2027 - By Type (US$ Bn)
Table 13. Mexico Photovoltaic Market Revenue and Forecasts to 2027 - By Component (US$ Bn)
Table 14. Europe Photovoltaic Market Revenue and Forecasts to 2027 - By Application (US$ Bn)
Table 15. Europe Photovoltaic Market Revenue and Forecasts to 2027 - By Type (US$ Bn)
Table 16. Europe Photovoltaic Market Revenue and Forecasts to 2027 - By Component (US$ Bn)
Table 17. Germany Photovoltaic Market Revenue and Forecasts to 2027 - By Application (US$ Bn)
Table 18. Germany Photovoltaic Market Revenue and Forecasts to 2027 - By Type (US$ Bn)
Table 19. Germany Photovoltaic Market Revenue and Forecasts to 2027 - By Component (US$ Bn)
Table 20. France Photovoltaic Market Revenue and Forecasts to 2027 - By Application (US$ Bn)
Table 21. France Photovoltaic Market Revenue and Forecasts to 2027 - By Type (US$ Bn)
Table 22. France Photovoltaic Market Revenue and Forecasts to 2027 - By Component (US$ Bn)
Table 23. Italy Photovoltaic Market Revenue and Forecasts to 2027 - By Application (US$ Bn)
Table 24. Italy Photovoltaic Market Revenue and Forecasts to 2027 - By Type (US$ Bn)
Table 25. Italy Photovoltaic Market Revenue and Forecasts to 2027 - By Component (US$ Bn)
Table 26. Spain Photovoltaic Market Revenue and Forecasts to 2027 - By Application (US$ Bn)
Table 27. Spain Photovoltaic Market Revenue and Forecasts to 2027 - By Type (US$ Bn)
Table 28. Spain Photovoltaic Market Revenue and Forecasts to 2027 - By Component (US$ Bn)
Table 29. UK Photovoltaic Market Revenue and Forecasts to 2027 - By Application (US$ Bn)
Table 30. UK Photovoltaic Market Revenue and Forecasts to 2027 - By Type (US$ Bn)
Table 31. UK Photovoltaic Market Revenue and Forecasts to 2027 - By Component (US$ Bn)
Table 32. Russia Photovoltaic Market Revenue and Forecasts to 2027 - By Application (US$ Bn)
Table 33. Russia Photovoltaic Market Revenue and Forecasts to 2027 - By Type (US$ Bn)
Table 34. Russia Photovoltaic Market Revenue and Forecasts to 2027 - By Component (US$ Bn)
Table 35. Rest of Europe Photovoltaic Market Revenue and Forecasts to 2027 - By Application (US$ Bn)
Table 36. Rest of Europe Photovoltaic Market Revenue and Forecasts to 2027 - By Type (US$ Bn)
Table 37. Rest of Europe Photovoltaic Market Revenue and Forecasts to 2027 - By Component (US$ Bn)
Table 38. SAM Photovoltaic Market Revenue and Forecast, By Application, 2018-2027, (US$ Bn)
Table 39. SAM Photovoltaic Market Revenue and Forecast to 2027 - By Type (US$ Bn)
Table 40. SAM Photovoltaic Market Revenue and Forecast to 2027 - By Component (US$ Bn)
Table 41. Brazil Photovoltaic Market Revenue and Forecast to 2027 - By Application (US$ Bn)
Table 42. Brazil Photovoltaic Market Revenue and Forecast to 2027 - By Type (US$ Bn)
Table 43. Brazil Photovoltaic Market Revenue and Forecast to 2027 - By Component (US$ Bn)
Table 44. Argentina Photovoltaic Market Revenue and Forecast to 2027 - By Application (US$ Bn)
Table 45. Argentina Photovoltaic Market Revenue and Forecast to 2027 - By Type (US$ Bn)
Table 46. Argentina Photovoltaic Market Revenue and Forecast to 2027 - By Component (US$ Bn)
Table 47. Rest of SAM Photovoltaic Market Revenue and Forecast to 2027 - By Application (US$ Bn)
Table 48. Rest of SAM Photovoltaic Market Revenue and Forecast to 2027 - By Type (US$ Bn)
Table 49. Rest of SAM Photovoltaic Market Revenue and Forecast to 2027 - By Component (US$ Bn)
Table 50. APAC Photovoltaic Market Revenue and Forecast to 2027 - By Application (US$ Bn)
Table 51. APAC Photovoltaic Market Revenue and Forecast to 2027 - By Type (US$ Bn)
Table 52. APAC Photovoltaic Market Revenue and Forecast to 2027 - By Component (US$ Bn)
Table 53. Australia Photovoltaic Market Revenue and Forecast to 2027 - By Application (US$ Bn)
Table 54. Australia Photovoltaic Market Revenue and Forecast to 2027 - By Type (US$ Bn)
Table 55. Australia Photovoltaic Market Revenue and Forecast to 2027 - By Component (US$ Bn)
Table 56. China Photovoltaic Market Revenue and Forecast to 2027 - By Application (US$ Bn)
Table 57. China Photovoltaic Market Revenue and Forecast to 2027 - By Type (US$ Bn)
Table 58. China Photovoltaic Market Revenue and Forecast to 2027 - By Component (US$ Bn)
Table 59. Japan Photovoltaic Market Revenue and Forecast to 2027 - By Application (US$ Bn)
Table 60. Japan Photovoltaic Market Revenue and Forecast to 2027 - By Type (US$ Bn)
Table 61. Japan Photovoltaic Market Revenue and Forecast to 2027 - By Component (US$ Bn)
Table 62. India Photovoltaic Market Revenue and Forecast to 2027 - By Application (US$ Bn)
Table 63. India Photovoltaic Market Revenue and Forecast to 2027 - By Type (US$ Bn)
Table 64. India Photovoltaic Market Revenue and Forecast to 2027 - By Component (US$ Bn)
Table 65. South Korea Photovoltaic Market Revenue and Forecast to 2027 - By Application (US$ Bn)
Table 66. South Korea Photovoltaic Market Revenue and Forecast to 2027 - By Type (US$ Bn)
Table 67. South Korea Photovoltaic Market Revenue and Forecast to 2027 - By Component (US$ Bn)
Table 68. Taiwan Photovoltaic Market Revenue and Forecast to 2027 - By Application (US$ Bn)
Table 69. Taiwan Photovoltaic Market Revenue and Forecast to 2027 - By Type (US$ Bn)
Table 70. Taiwan Photovoltaic Market Revenue and Forecast to 2027 - By Component (US$ Bn)
Table 71. Rest of APAC Photovoltaic Market Revenue and Forecast to 2027 - By Application (US$ Bn)
Table 72. Rest of APAC Photovoltaic Market Revenue and Forecast to 2027 - By Type (US$ Bn)
Table 73. Rest of APAC Photovoltaic Market Revenue and Forecast to 2027 - By Component (US$ Bn)
Table 74. MEA Photovoltaic Market Revenue and Forecast to 2027 - By Application (US$ Bn)
Table 75. MEA Photovoltaic Market Revenue and Forecast to 2027 - By Type (US$ Bn)
Table 76. MEA Photovoltaic Market Revenue and Forecast to 2027 - By Component (US$ Bn)
Table 77. Glossary of Term: Enterprise Labelling Software Market
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