China Japan Australia India United States
Company Coverage Trina Solar Ltd. Canadian Solar, Inc. JinkoSolar Holding Co., Inc.
Executive Summary The global solar PV market witnessed an upsurge at a significant CAGR during the span of 5 years, i. e., 2010-2015, in terms installed capacity and projections are made that the market would rise in the next five years i. e. 2016-2020 tremendously. The market is spread across Asia Pacific, America, Europe, Middle East & Africa and rest of the World. Among these regions, Asia-Pacific held the largest share with China leading the market, followed by Europe with United Kingdom dominating the market and the America with the United States directing the market in 2015.
The solar PV market can be segmented on the basis of equipments. One of the major equipments in the market is the solar PV inverter. The global market for solar PV inverter depicted a fluctuating trend during 2010-2015 but is anticipated to rise during the forecast period, in terms of value. The market can be segmented on the basis of power class into micro inverters, single phase inverters, three phase low power inverters, three phase medium power inverters and three phase high power inverters. Of all, micro inverters dominate the market, followed by single phase and three phase low power inverters.
The major growth drivers for the global solar PV market are: rise in electricity generation from solar PV, decline in the average installed cost of solar PV systems, regular government initiatives & subsidies and solar PV being the best suited alternative to fossil fuels. Despite the market is governed by various growth drivers, there are certain challenges faced by the market such as: environmental issues relating to the manufacturing & installation process of solar PV, low efficiency and economic instability.
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Some points from TOC: 1. Executive Summary
2. Introduction 2.1 Introduction to Solar Photovoltaic( PV) 2.1.1 Advantages and Disadvantages of Solar Photovoltaics 2.1.2 Solar Photovoltaic Equipments 2.2 Solar PV Cell Technology
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