According to the market research report released by Technavio, the global solar PV systems market is expected to post a CAGR of nearly 21% during the forecast period. However, the growth momentum of the market is expected to decelerate due to a decline in the year-over-year growth.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180927005964/en/
According to the market research report released by Technavio, the global solar PV systems market is expected to post a CAGR of nearly 21% until 2021. (Graphic: Business Wire)
This research report titled 'Global Solar PV Systems Market 2017-2021' provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
The market research analysis categorizes the global solar PV systems market into the following end-users:
- Utility
- C&I
- Residential
In 2016, the utility segment accounted for 47% of the global market. However, this segment is projected to decline by 2021.
Global solar PV systems market: Top emerging trend
Floating solar PV plant is an emerging trend in the solar PV systems market space. One of the major challenges in the adoption of solar power systems is the large land space required for their installation. Countries worldwide are looking to save space while increasing the power generated from renewable sources, such as solar and wind. This has led to the increase in installation of solar panels on water bodies, such as dam reservoirs and canals. For instance, in June 2017, a 40-MW floating solar power plant became operational in China. To generate clean electricity for the city, the deployment of solar panels on water aid in conserving fresh water by lowering the amount of evaporation. The water helps to keep the ambient temperature near the solar panels low, thus enhancing their efficiency and lowering long-term heat-induced degradation.
Looking for more information on this market? Request a free sample report
Technavio's sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Technavio's report provides expert market research on the following topics:
Executive Report
- Market Outline
- Global Solar PV Systems Market Overview
Market Insights
- Market Sizing and Forecasts
- Market Growth
- Market Drivers and Challenges
- Key Emerging Trends
Market Segmentation Analysis
- Regional comparison (APAC, Americas, and EMEA)
- Key leading countries
- Market segmentation by end-user (utility, C&I, and residential)
Vendor Landscape
- Vendor classification
- Market positioning of vendors
- Competitive scenario
- Analysis of top vendors (Huawei Technologies, JinkoSolar, SMA Solar Technology, SUNGROW, Trina Solar)
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at media@technavio.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20180927005964/en/
Contacts:
Technavio Research
Jesse Maida
Media Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com
