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Solar PV Market Share, Size, Key Players, Research and Forecasts
to 2020 | Hexa Research
“ the total worldwide Solar PV (photovoltaic) installed capacity for 2020 will
be more than 480GW.”
17 December 2018
As per the findings of a study conducted by Hexa Research, the total worldwide Solar PV (photovoltaic) installed capacity
for 2020 will be more than 480GW. Key factors contributing to growth are higher global emphasis on clean energy
production coupled with governmental support in the form of beneficial policies for development of Solar PV market.
Sunbelt countries will particularly gain from regulations like Feed in Tariff which is a preferential rate program.
Hexa Research foresees falling prices of energy generated using Solar PV in future, chiefly due to huge increase in
capacity, especially in China. The global Solar PV market demands that companies employ innovation and differentiation
strategies as a way to grow. Alliances and partnerships are crucial for gaining competitive edge.
Browse Details of Report @ https://www.hexaresearch.com/research-report/solar-pv-industry
Non-residential applications of Solar PV are likely to grow at a CAGR higher than 19% from 2013 to
2020 owing to substitution of conventional energy forms by solar energy in Sunbelt regions. Hexa
Research observed that Utility Solar PV, with more than 44% share in the total installed capacity, was
the biggest end use segment in the global Solar PV market in 2012. The study forecasts that this
segment will experience fastest growth in coming years.
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