Asia Pacific Photovoltaic Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Application ; Type ; Component

Asia Pacific Photovoltaic Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Application ; Type ; Component

  • May 2020 •
  • 101 pages •
  • Report ID: 5894518 •
  • Format: PDF
Photovoltaic Market to 2027- Covid-19 Impact and Asia-Pacific Analysis By Application (Residential Applications, Commercial, Utility Applications); Type (Organic Components, Inorganic Components); Component (Cells, Optics, Trackers); and Country
The photovoltaic market in Asia Pacific was valued at US$ 94.81 billion in 2019 and is projected to reach US$ 407.93 billion by 2027; it is expected to grow at a CAGR of 20.0% during the forecast period. Several initiatives have been taken by governments in APAC to minimize the cost of the overall set-up to maximize the far-reaching bene?ts of an o?-grid option in rural electri?cation, along with uplifting the focus toward sustainable environmental conditions. Moreover, several countries, such as China have established policies to enhance the production level of photovoltaic solar power energy. Further, several public and private associations have been established to fuel the demand for photovoltaic systems across the world. These factors are likely to drive the photovoltaic market in Asia Pacific.
The inorganic components segment by type led the photovoltaic market with a decent market share in 2019. The inorganic semiconductor materials used to produce photovoltaic cells include amorphous and microcrystalline Si, the III-V compounds and alloys, CdTe, crystalline, multicrystalline, chalcopyrite compound, and copper indium gallium diselenide (CIGS).
Overall size of the photovoltaic market in Asia-Pacific has been derived using primary and secondary sources.The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the Asia-Pacific photovoltaic market.

It also provides an overview and forecast for the photovoltaic based on all the segmentation provided with respect to the Asia-Pacific region.Also, primary interviews were conducted with industry participants and commentators in order to validate and analyze the data.

The participants who take part in such a process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the Photovoltaic industry. Mitsubishi Electric Corporation, Panasonic Corporation, and Kaneka Corporation are among the market players present in the Asia Pacific photovoltaic market.
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