The Photovoltaic Global Market Report 2023, provides comprehensive information on the photovoltaic market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032
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As per The Business Research Company’s Photovoltaic Global Market Report 2023, the global photovoltaic market size is expected to grow from $82.75 billion in 2022 to $91.06 billion in 2023 at a compound annual growth rate (CAGR) of 10%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global photovoltaic market size is expected to reach $127.80 billion in 2027 at a CAGR of 8.8%.
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Technological advancements are a key trend gaining popularity in the photovoltaic market. Major companies operating in the photovoltaic market are adopting new technologies to sustain their position in the market. For instance, in September 2021, PZL Sedziszow, a Poland-based auto parts manufacturer launched modern photovoltaic panels for the Avia Solar brand with silicon–monocrystalline technology. These panels produced are made of silicon with an efficiency ranging from 17 to 22% and are characterized by high efficiency and low loss of efficiency in relation to temperature
The photovoltaic market is segmented:
1) By Component: Modules, Inverters, Balance Of Systems (BOS)
2) By Cell Type: Full-Cell PV Modules, Half-Cell PV Modules
3) By Installation Type: Ground-Mounted, Building-Integrated Photovoltaics (BIPV), Floating PV
4) By Technology: Thin Film, Mono-Si, Multi-Si
5) By Application: Residential, Commercial And Industrial, Utilities
Asia-Pacific was the largest region in the photovoltaic market in 2022.
The table of contents in TBRC’s photovoltaic market report includes:
1. Executive Summary
2. Photovoltaic Market Characteristics
3. Photovoltaic Market Trends And Strategies
4. Photovoltaic Market – Macro Economic Scenario
5. Photovoltaic Market Size And Growth
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26. Africa Photovoltaic Market
27. Photovoltaic Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Photovoltaic Market
29. Photovoltaic Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
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