Urja Daily
No Result
View All Result
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe
No Result
View All Result
Urja Daily
No Result
View All Result
Home News

PV Module Market to Reach US$ 15.13 Bn by 2026

Urja Daily by Urja Daily
March 30, 2021
in News
Reading Time: 4 mins read
0
PV Module
Share on FacebookShare on TwitterShare on Linkedin
  • Market to clock CAGR of -7.7% during 2018 – 2026, decline cost of PV modules to account for negative CAGR
  • Grid tie electrical systems based on PV systems to rise in demand, players to tap into lucrative revenue streams in Asia Pacific

ALBANY, N.Y. – Overview of PV Module Market – Solar photovoltaic (PV) modules attract immense investments by proponents of renewable energy producers and utility companies. Solar PV panels are a key system for harnessing solar energy, and are gathering steam among commercial as well as residential users. The net benefit of low carbon footprint is one of the primary business propositions in the PV modules market. Rise in crystalline silicon type PV modules, along with the general decline in cost of adoption or installation, in emerging economies has expanded the value proposition. Advancements in PV module technologies have been increasingly boosting the energy efficiency and have made them modular, spurring the adoption rate in industrial and commercial environments.

The global PV modules market stood at US$ 31.41 Bn in 2017, and is projected to reach worth of US$ 15.13 Bn by the end of 2026. The loss in valuation can be ascribed to the considerable reduction in the prices of PV modules.

RELATED POSTS

IFC and Canada Back Husk to Drive Solar-Powered Growth in Rural Nigeria

SLP and Posterity Institute Launch Program to Boost UAE Market Entry for Innovators

Key Findings of PV Module Market Study

Rising Demand for Clean Power Drives Opportunities

PV modules have formed as a key technology for end users to shift to solar energy. The trend has caught on momentum on the back of the constantly increasing business worldwide propositions for clean power, both among producers and end users in various economies. The proposition for clean energy for next generations is another aspect underpinning the adoption of PV modules. Crystalline silicon and amorphous silicon are both expected to gain popularity. The focus of PV manufacturers on increasing the efficiency of the latter will boost the popularity at remarkable rate. Moreover, amorphous silicon PV modules are viewed as meeting a wide range of applications since they can be made in various shapes. Constant innovations will continue to keep PV modules an attractive technology for clean power adoption.

Explore 216 pages of superlative research, current market scenario, and extensive geographical projections. Gain insights into the PV Module Market (Type – Crystalline Silicon (Single Crystalline, Poly Crystalline), Amorphous Silicon; Component – Solar Panel, Inverters, Batteries, Solar Charge Controllers; Mounting Type – Ground Mounted, Pole Mounted, Rooftop; Connectivity – Grid-Tied, Off Grid; End use Industry – Residential, Commercial, Industrial) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026 at https://www.transparencymarketresearch.com/pv-module-market.html

Reliance on Fossil Fuels Boost Use of Grid-Tie Solar System

Over the years, grid-tie electrical systems have gathered attention as inexpensive and reliable grid energy storage system for end users, particularly for residential users. The high return on investment (ROI) has fueled new market propositions for the use of grid-tie solar systems. Even for small businesses, the high security and predictability are the key advantages, propelling the PV module market.

Increasing Governments’ Subsidies Impart Momentum to Adoption

Over the years, governments in numerous countries have been offering financial incentives and other subsidies to make PV modules affordable to public at large. Thus, favorable policies have been a key force in increasing the adoption rate particularly among households in both developed as well developing countries. Also, such policy support for solar energy will continue to add momentum to the demand for PV modules, especially in emerging economies such as India, China, and Japan. 

Analyze Global PV Module Market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study

PV Module Market: Key Driving Factors and Avenues

  • Ever-rising demand for electricity in industrial facilities spur business proposition of PV modules
  • Growing adoption rate of renewable energy for household consumption spurs popularity of PV modules
  • Tax credits and subsidies in developed nations have bolstered the adoption rate among various end users, notably in developing economies notably in Asia Pacific

PV Module Market: Key Participants

PV manufacturers world over are keenly focused on bringing technological advancements and improvisations to performance rations. Some of the well-entrenched players in the PV module market are:

  • Wuxi Suntech Power Co. Ltd.
  • Trina Solar Limited
  • First Solar Inc.
  • Canadian Solar Inc.
  • GCL-Poly Energy Holdings Limited
  • Jinko Solar

Explore Transparency Market Research’s award-winning coverage of the Global  Electronics & Semiconductors Industry:

SMT Equipment Market – The SMT equipment market is slated to surpass the valuation of US$ 9.8 Bn by the end of 2030. Manufacturers are unlocking growth opportunities in India’s booming electronics sector.

Clamp-on Ultrasonic Flowmeter Market – Global clamp-on ultrasonic flowmeter market. In terms of revenue, the global clamp-on ultrasonic flowmeter market is estimated to expand at a CAGR of 8% during the forecast period

Tags: Electronics IndustryPV modulesRenewable EnergySemiconductors Industry
ShareTweetShare
Urja Daily

Urja Daily

Related Posts

IFC and Canada

IFC and Canada Back Husk to Drive Solar-Powered Growth in Rural Nigeria

by Palak
May 15, 2025
0

Abidjan, Cote d’Ivoire, India — The International Finance Corporation (IFC), a member of the World Bank Group, with the support of...

SLP Innovation

SLP and Posterity Institute Launch Program to Boost UAE Market Entry for Innovators

by Palak
May 15, 2025
0

Mumbai : Sustain Labs Paris (SLP) in collaboration with Posterity Institute, has launched SLP Innovation Expand, an initiative designed to help...

BML Munjal University

BML Munjal University Honors Mothers with Heartfelt Self-Shot Film ‘She Taught Me First’

by Palak
May 12, 2025
0

Gurugram : BML Munjal University (BMU) released a self-shot film titled “She Taught Me First” to mark this year’s Mother’s Day....

Magenta Mobility

Magenta Mobility Joins e-Shram to Empower Delivery Workforce

by Palak
May 9, 2025
0

Mumbai – Magenta Mobility has launched a proactive initiative to drive the enrollment of its Delivery Executives (DEs) under the e-Shram portal....

Data Center Market

Key Growth Drivers of the Europe Data Center Market

by Palak
May 9, 2025
0

The Europe Data Center Market is experiencing robust growth, driven by several technological, economic, and regulatory factors. As the demand...

Next Post
Suntech Ultra V Series Module

Suntech Announced Two Awarded Certificates by VDE

Tiger Pro Modules

JinkoSolar Launched New Tiger Pro Modules

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

IFC and Canada

IFC and Canada Back Husk to Drive Solar-Powered Growth in Rural Nigeria

May 15, 2025
SLP Innovation

SLP and Posterity Institute Launch Program to Boost UAE Market Entry for Innovators

May 15, 2025
  • 643 Followers
  • 23.9k Followers

MOST VIEWED

  • Hydrom

    Hydrom and Thyssenkrupp Nucera Partner for Green Hydrogen Projects in Oman

    0 shares
    Share 0 Tweet 0
  • SFC India Selected Dassault Systèmes for Indigenization and Digital Transformation of Wastewater Treatment Plants

    0 shares
    Share 0 Tweet 0
  • Juniper Green Energy Secures 1 GW Solar Module Deal with First Solar

    0 shares
    Share 0 Tweet 0
  • PGCIL Wins ISTS Project for Renewable Energy Integration in Karnataka

    0 shares
    Share 0 Tweet 0

IFC and Canada Back Husk to Drive Solar-Powered Growth in Rural Nigeria

SLP and Posterity Institute Launch Program to Boost UAE Market Entry for Innovators

BluPine Energy Achieves Financial Closure for 100 MW Solar Project in Gujarat

MEDA Issues Tender for 130 KTPA Green Hydrogen Facilities

Vikram Solar bags 326.62 MW solar module supply order

TCL Solar, Grid Africa to Deploy Renewables in Africa

Latest Magazine

© 2016 – 2025 TechZone Print Media | All Rights Reserved

  • About Us
  • Contact Us
No Result
View All Result
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe

© 2016 - 2025 TechZone Print Media | All Rights Reserved