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With Market Size Valued at $618.7 Billion by 2026, it`s a Healthy Outlook for the Global Photovoltaics Market

·4 min read

SAN FRANCISCO, Sept. 14, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Photovoltaics - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

Global Photovoltaics Market
Global Photovoltaics Market

FACTS AT A GLANCE
Edition:

7;

Released:

April 2021

Executive Pool:


447

Companies:


43 - Players covered include Canadian Solar, Inc.; Ja Solar Co. Ltd.; JinkoSolar Holding Co., Ltd.; Kaneka Corporation; Kyocera Corporation; Mitsubishi Electric Corporation; Panasonic Corporation; Renesola Co. Ltd.; Sharp Corporation; Trina Solar Ltd.; Wuxi Suntech Power Co., Ltd.; Yingli Green Energy Holding Co., Ltd. and Others.

Coverage:


All major geographies and key segments

Segments:


Application (Residential, Non-Residential, Utility); Component (Crystalline Silicon PV Cells, Thin Film PV Cells, Optics, Trackers); Type (Organic PV, Inorganic PV)

Geographies:


World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Complimentary Project Preview - This is an ongoing global program. Preview our research program before you make a purchase decision. We are offering a complimentary access to qualified executives driving strategy, business development, sales & marketing, and product management roles at featured companies. Previews provide deep insider access to business trends; competitive brands; domain expert profiles; and market data templates and much more. You may also build your own bespoke report using our MarketGlass™ Platform which offers thousands of data bytes without an obligation to purchase our report. Preview Registry

ABSTRACT-
Global Photovoltaics Market to Reach $618.7 Billion by 2026

Amid the COVID-19 crisis, the global market for Photovoltaics estimated at US$235.9 Billion in the year 2020, is projected to reach a revised size of US$618.7 Billion by 2026, growing at a CAGR of 17.2% over the analysis period. Organic PV, one of the segments analyzed in the report, is projected to record a 21.7% CAGR and reach US$48.2 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Inorganic PV segment is readjusted to a revised 16.9% CAGR for the next 7-year period.

The U.S. Market is Estimated at $74.3 Billion in 2021, While China is Forecast to Reach $139 Billion by 2026
The Photovoltaics market in the U.S. is estimated at US$74.3 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$139 Billion by the year 2026 trailing a CAGR of 22.1% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.5% and 15.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 13.6% CAGR. More

MarketGlass™ Platform

Our MarketGlass™ Platform is a free full-stack knowledge center that is custom configurable to today`s busy business executive`s intelligence needs! This influencer driven interactive research platform is at the core of our primary research engagements and draws from unique perspectives of participating executives worldwide. Features include - enterprise-wide peer-to-peer collaborations; research program previews relevant to your company; 3.4 million domain expert profiles; competitive company profiles; interactive research modules; bespoke report generation; monitor market trends; competitive brands; create & publish blogs & podcasts using our primary and secondary content; track domain events worldwide; and much more. Client companies will have complete insider access to the project data stacks. Currently in use by 67,000+ domain experts worldwide.

Our platform is free for qualified executives and is accessible from our website www.StrategyR.com or via our just released mobile application on iOS or Android

About Global Industry Analysts, Inc. & StrategyR™

Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: ZA@StrategyR.com

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SOURCE Global Industry Analysts, Inc.