Los Angeles, CA -- (SBWIRE) -- 10/11/2022 -- The report is an all-inclusive research study of the global Photovoltaic (PV) Equipment market taking into account the growth factors, recent trends, developments, opportunities, and competitive landscape. The market analysts and researchers have done extensive analysis of the global Photovoltaic (PV) Equipment market with the help of research methodologies such as PESTLE and Porter's Five Forces analysis. They have provided accurate and reliable market data and useful recommendations with an aim to help the players gain an insight into the overall present and future market scenario. The report comprises in-depth study of the potential segments including product type, application, and end user and their contribution to the overall market size.
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Due to the COVID-19 pandemic, the global Photovoltaic (PV) Equipment market size was US$ 8,074.77 million in 2021 and is forecast to a readjusted size of US$ 16,609.13 million by 2028 with a CAGR of 10.4% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Production from Wafer to Cell accounting for 48.84% of the Photovoltaic (PV) Equipment global market in 2021, is projected to value US$ 8,951.85 million by 2028, growing at a revised 11.97% CAGR from 2022 to 2028. While Production from Cell to Module segment is altered to an 11.63% CAGR throughout this forecast period.
The Asia Photovoltaic (PV) Equipment market size was US$ 6,631.14 million in 2021, while China size was US$ 2,997.15 million. The proportion of the Asia was 82.12% in 2021, while China percentage was 79.31%, and it is predicted that China share will reach 83.85% in 2028, trailing a CAGR of 11.7% through the analysis period. As for the Europe Photovoltaic (PV) Equipment landscape, Germany is projected to reach US$ 546.51 million by 2028. and in Asia, the notable markets are Japan and South Korea, CAGR is 3.8% and 15.9% respectively for the next 6-year period.
The global key manufacturers of Photovoltaic (PV) Equipment include S.C New Energy, JSG, NAURA, Maxwell, LINTON, SC-SOLAR, Autowell, Jinchen Machinery, DR Laser, and Shuangliang Eco-Energy, etc. In 2021, the global top five players hold a share approximately 25.83% in sales volume, and in term of revenue of Photovoltaic (PV) Equipment, the top five companies hold a share nearly 31.53%.
Key Players Mentioned in the Global Photovoltaic (PV) Equipment Market Research Report:
Hanwha
First Solar
SunPower
Elkem Solar
Sharp
Kyocera Solar
Solar Frontier
Solarworld
NSP
Trina Solar
Canadian Solar
Jinko Solar
JA Solar
GCL System Integration
Zhejiang Jingsheng Mechanical & Electrical
Wuxi Shangji Automation
Yingli
Shunfeng
ReneSola
Risen
Chint Group
Hareonsolar
Eging PV
CSUN
BYD
HT-SAAE
S.C New Energy Technology
Suzhou Maxwell Technologies
Global Photovoltaic (PV) Equipment Market Segmentation by Product:
Silicon Rod/ingot Manufacturing Equipment
Wafer/wafer Manufacturing Equipment
Battery Manufacturing Equipment
Crystal Silicon Cell Components Manufacturing Equipment
Film Component Manufacturing Equipmen
Global Photovoltaic (PV) Equipment Market Segmentation by Application:
Residential
Commercial
Ground Station
Other
The report has been segregated based on distinct categories, such as product type, application, end user, and region. Each and every segment is evaluated on the basis of CAGR, share, and growth potential. In the regional analysis, the report highlights the prospective region, which is estimated to generate opportunities in the global Photovoltaic (PV) Equipment market in the forthcoming years. This segmental analysis will surely turn out to be a useful tool for the readers, stakeholders, and market participants to get a complete picture of the global Photovoltaic (PV) Equipment market and its potential to grow in the years to come.
Highlights of the Report
- The report offers a broad understanding of the customer behavior and growth patterns of the global Photovoltaic (PV) Equipment market
- The report sheds light on the lucrative business prospects pertaining to the global Photovoltaic (PV) Equipment market
- The readers will gain an insight into the upcoming products and related innovations in the global Photovoltaic (PV) Equipment market
- The report provides details about the key strategic initiatives adopted by the key players functioning in the global Photovoltaic (PV) Equipment market
- The authors of the report have scrutinized the segments considering their profitability, market demand, sales revenue, production, and growth potential
- In the geographical analysis, the report examines the current market developments in various regions and countries
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