Albany, NY -- (SBWIRE) -- 07/14/2017 -- A solar PV system, also known as a solar power system is designed to provide usable solar power by means of PVs. PVs use a semiconductor material to convert sunlight into electricity. A typical solar PV system consists of an arrangement of several components, including solar panels that absorb and convert sunlight into electricity, a solar inverter to convert the electric current from DC to AC, and other electrical accessories and cabling to set up a working solar power system. A solar PV system can range from small-scale rooftop mounted system typically utilized in residential and commercial buildings to large utility-scale ground mounted systems, which generate thousands of MW of electricity. Solar PV systems can be grid-connected or decentralized/off-grid installations in remote locations. Off-grid solar power systems can be standalone or hybrid systems coupled with other sources of energy, such as wind power.
The global solar PV systems market to grow at a CAGR of 20.73% during the period 2017-2021. The report covers the present scenario and the growth prospects of the global solar PV systems market for 2017-2021. To calculate the market size, the report considers sales of complete Solar PV system i.e. Solar PV module and BOS (inverters, racking, switches, enclosures, and others) including installation cost.
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Technavio's report, Global Solar PV Systems Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
- Jinko Solar
- Trina Solar
- SMA Solar Technology
- Huawei Technologies
- SUNGROW
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Other prominent vendors
- ABB
- Canadian Solar
- Chint Group
- DAQO NEW ENERGY
- Delta Group
- Enphase Energy
- First Solar
- Flin Energy
- Fronius International
- GCL-Poly
- Golden Concord Holdings
- GoodWe (Jiangsu) Power Supply Technology
- Growatt New Energy Technology
- Hanwha Group
- JA SOLAR
- KACO new energy
- Kstar New Energy
- KYOCERA
- Lavancha Renewable Energy....
Market challenge
- Intermittency in solar power generation
- For a full, detailed list, view our report
Market trend
- Floating solar PV plant
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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