Photovoltaic Market Size, Top Players, and Forecast by 2027
Photovoltaic Market: Strategic Insights
Photovoltaic Market
-
CAGR (2018 - 2027)19.8% -
Market Size 2018
US$ 153.9 Billion -
Market Size 2027
US$ 768.1 Billion
Market Dynamics
GROWTH DRIVERS
- Growing demand for renewable energy
- Decreasing costs of solar technology
FUTURE TRENDS
- 5G networks for faster mobile connectivity
- Rise of 5G-enabled devices and apps
OPPORTUNITIES
- Growth in the adoption of photovoltaic technologies
- Increased investments in renewable energy solutions
Key Players
- Mitsubishi Electric Corporation
- Panasonic Corporation
- Kaneka Corporation
- KYOCERA Corporation
- Sharp Corporation
- JA Solar Co Ltd
- Renesola Co Ltd
- Trina Solar
- Jinko Solar
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Application - Residential Applications
- Commercial
- Utility Applications
Type - Organic Components and Inorganic Components
Component - Cells
- Optics
- Trackers
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