Global Next Generation Solar PV Market Overview:
Next-generation photo voltaic PV is a modern technological know-how that has the achievable to outperform each traditional crystalline silicon and skinny film-based photovoltaic systems. Next-generation photo voltaic PV permits electricity effectivity with clever features, which allow it to function nicely in any climate conditions. The next-gen device makes use of monocrystalline cells manufactured the use of a wafer system at lots greater temperatures than these used for common crystalline silicon technologies. These modules are successful of accomplishing efficiencies increased than 22% whilst providing decrease set up fees in contrast to today’s high-end multi-crystalline merchandise due to their smaller dimension and lighter weight per watt output.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Demand For Solar Installation and Maintenance Will Grow, More Widespread Adoption of Solar Storage Solutions and Solar Technology Will Continue To Improve
Market Growth Drivers:
Growing Demand for Renewable-Based Clean Electricity Coupled With Government Policy Tax Rebates and Incentives to Install Solar Panels
Challenges:
Incurs Very High Initial Cost for Installation and Very Large Geographical Area Is Needed In Order To Deploy Solar Panels or Cells
Restraints:
Solar Energy Storage Is Expensive and Uses a Lot of Space
Opportunities:
More diverse supply chain, Solar installs might get more complicated, Oversize, overbuild and Solar-powered EV chargers
Competitive Landscape:
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing towards the production technologies, efficiency enhancement and product life. There is various growth opportunity in this market which is captured by leading players via tracking the ongoing process enhancement and huge invest in market growth strategies.
Some of the key players profiled in the report are Canadian Solar Inc. (Canada), JinkoSolar Holding Co. Ltd (China), Trina Solar Co. Ltd (China), SunPower Corporation (United States), LONGi Green Energy Technology Co. Ltd (China), First Solar Inc. (United States), JA Solar Holding (China), Abengoa SA (Spain), Acciona SA (Spain) and Brightsource Energy Inc. (United States). Additionally, following companies can also be profiled that are part of our coverage like Engie SA (France), NextEra Energy Inc. (United States) and ACWA Power (Saudi Arabia). Analyst at AMA Research see Chinese Manufacturers to retain maximum share of Global Next Generation Solar PV market by 2028.
In 2020, Canadian Utilities, an ATCO company, introduced the completion of Canada's biggest off-grid photo voltaic project, which was once constructed in two phases. The first section blanketed a 600kW photo voltaic farm and the 2nd section protected a 2,200kW photo voltaic farm. This is predicted to extend the demand for photo voltaic PV panels in the United States of America in the coming years.
“Governments global help the adoption of photo voltaic PV structures via presenting incentives, subsidies, and tax advantages to producers and consumers. In the US, the photo voltaic ITC is a vital federal coverage mechanism, developed to assist the deployment of photo voltaic electricity in the country.”
What Can be Explored with the Next Generation Solar PV Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Next Generation Solar PV Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Next Generation Solar PV
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Next Generation Solar PV market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Next Generation Solar PV market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Next-Generation Solar PV manufacturers, Raw Material Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.