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Solar PV Module Market Detailed Analysis of Current Industry Figures with Forecasts Growth By 2024

Latest updates on Solar PV Module market, a comprehensive study enumerating the latest price trends and pivotal drivers rendering a positive impact on the industry landscape. Further, the report is inclusive of the competitive terrain of this vertical in addition to the market share analysis and the contribution of the prominent contenders toward the overall industry.

Paradigm shift from depleting conventional to sustainable resources for electricity generation will drive the global solar PV module market size. Rising concern towards greenhouse gas emissions coupled with growing measures towards energy conservation will further stimulate the product demand. In 2016, British Columbia introduced the Greenhouse Gas Industrial Reporting and Control Act which defines standards and emissions norms to be abided by industrial power generation units in the region.

Germany solar PV module market size is set to exceed 2.5 GW of annual installation by 2024. Government initiatives pertaining to replacement of fossil fuels with clean energy resources will considerably complement the business landscape. In 2017, The German Renewable Energy Act renounced annual targets of 2.5 GW PV installations. Feed in tariff, tax benefits, subsidies introduced by government will further boost the product landscape.

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Solar PV Module Market size is set to exceed USD 30 billion by 2024, as reported in the latest study.

Solar PV Module Market Detailed Analysis of Current Industry Figures with Forecasts Growth By 2024
Solar PV Module Market Detailed Analysis of Current Industry Figures with Forecasts Growth By 2024

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Financial and technical assistance by institutions including the World Bank, Asian Development Bank (ADB) and International Finance Corporation (IFC) along with easy availability of soft loans will propel the crystalline silicon solar PV module market. Rising environmental concerns with improved operational efficiencies will further boost the business landscape. In 2017, DuPont Photovoltaic Solutions launched its latest DuPont Solamet photovoltaic metallization paste with an aim to achieve module efficiency of about 21.15%.

Government initiatives such as net metering, subsidies, tax benefits, power purchase agreement coupled with growing measures toward rural electrification will stimulate the on-grid solar PV module market. In 2017, Ministry of New and Renewable Energy in India, exempted the procurement of PV components and materials for grid connected systems from customs and excise duty.

Utility solar PV module market is anticipated to witness strong growth owing to favorable government initiatives including investment tax credit, low import duty and other financial assistance. In 2017, Ministry of Industry and Trade of Vietnam announced FiT scheme for utility scale solar power projects and the net metering scheme for rooftop systems.

UK solar PV module market is set to expand owing to government initiatives towards sustainable energy integration. The export tariff introduced by the UK government facilitates USD 0.06 per unit for the surplus electricity injected back to the grid by the generator. Favorable government reforms with ambitious plan towards carbon footprint reduction will further boost the business outlook.

For Middle East & Africa, UAE solar PV module market share is set to expand over 18% by 2024. Growing investments towards optimum resource utilization and sustainable energy mix will propel the business outlook. Low Levelized cost pertaining to Independent Power Project (IPP) bids and Engineering Procurement and Construction (EPC) programs across the region will further thrust the industry landscape.

Major Highlights from Table of contents are listed below for quick lookup into Solar PV Module Market report

Chapter 1. Competitive Landscape

  • Company market share
  • Solar PV Module Market Competitive analysis of key market players
  • Competitive analysis of other prominent vendors

Chapter 2. Company Profiles

  • Business Overview
  • Financial Data
  • Product portfolio
  • Strategic Outlook
  • SWOT Analysis

Chapter 3. Methodology & Scope

  • Methodology
  • Initial data exploration
  • Solar PV Module Market Statistical model and forecast
  • Industry insights and validation
  • Solar PV Module Market Scope
  • Definition
  • Methodology and forecast parameters
  • Data Sources

Chapter 4. Executive Summary

  • Solar PV Module industry 360º synopsis - 2025
  • Solar PV Module Business trends
  • Region trends

Chapter 5. Solar PV Module industry Insights

  • Solar PV Module Industry segmentation
  • Industry landscape 2025
  • Industry Pitfalls and Challenges
  • Threat of new entrants
  • Threat of substitutes
  • Solar PV Module Market Growth potential analysis

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