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Solar PV Market: Industry Outlook, Growth Prospects and Key Opportunities 2025
by minu@123 · February 27, 2019
Researchmoz added Most up-to-date research on聽“Solar PV Market: Industry Outlook, Growth Prospects and Key Opportunities 2025”聽to its huge collection of research reports.
This report presents the worldwide Solar PV market size (value Jamel Dean Color Rush Jersey , production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application. This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges Sean Bunting Color Rush Jersey , risks and entry barriers, sales channels, distributors and Porter’s Five Forces Analysis.
Solar PV is one kind of device made from crystalline silicon or thin film which converts solar energy into electricity by a process known as the photovoltaic effect. The key indicator for solar PV is conversion efficiency.
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China is still the biggest market in the global Solar PV market, about 50% market share in 2015, the annual production is more than any single countries double production and the capacity is expansion in these years, almost 60% occurs in China. The future capacity and production market share will increase, or at least maintain the current share. For these regions, Asia owns the largest market share comparing with Europe and North America, indicating the strong demand of Solar PV products.
The Solar PV industry concentration degree is relatively low, there are more than 200 manufacturers in the world and we think in the next few years Devin White Color Rush Jersey , the concentration degree will rise. Since the anti-dumping duties occurred, the competitive status has already turned white-hot, with the price declining, the gross profit of the whole industry is narrowing and it will be unsteady to some extent. The raw materials price is also uncertainty, currently; the raw material has a growth trend.
The Solar PV market was valued at 44800 Million US$ in 2017 and is projected to reach 52200 Million US$ by 2025, at a CAGR of 1.9% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Solar PV.
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