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Solar Photovoltaic (PV) Market, Update 2018 - Global Market Size, Market Share, Average Cost, Major Trends, and Key Country Analysis to 2030

December 2018 | 249 pages | ID: S8192AEEDBBEN
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Solar Photovoltaic (PV) Market, Update 2018 - Global Market Size, Market Share, Average Cost, Major Trends, and Key Country Analysis to 2030

SUMMARY

'Solar Photovoltaic (PV) Market, Update 2018 - Global Market Size, Market Share, Average Cost, Major Trends, and Key Country Analysis to 2030', is the latest market analysis report from GlobalData, the industry analysis specialists that offer comprehensive information and understanding of the solar PV market.

The report provides a clear overview of and detailed insight into the global solar PV market. It explains the key drivers and challenges affecting the market and provides data covering historic and forecast market size, average cost, installed capacity and generation globally, and in twelve key wind power markets - China, India, Japan,Republic of Korea, Australia, US, Canada, Mexico, Germany, UK, Turkey and Spain.

The report uses data and information sourced from proprietary databases, primary and secondary research, and in-house analysis by GlobalData’s team of industry experts.

SCOPE
  • Solar PV market study at global level and at key country level, covering countries such as China, Japan, India, Australia, Republic of Korea, US, Canada, Mexico, Germany, UK, Turkey, and Spain.
  • Coverage of the key growth drivers and challenges related to each country’s solar PV market, and the global market’s influence on the environment and economy
  • Historic (2006-2017) and forecast data (2018-2030) for cumulative and annual installed solar PV capacity
  • Market share of the solar PV module manufacturers in 2017
  • Market size data at key country and global level.
REASONS TO BUY

The report will allow you to -
  • Facilitate decision-making by providing historical and forecast data in Solar PV sector
  • Develop business strategies by understanding the trends shaping and driving the Solar PV market
  • Position yourself to gain the maximum advantage of the industry’s growth potential
  • Maximize potential in the growth of the solar PV market
  • Identify key partners and business-development avenues
  • Respond to business structure, strategy and prospects.
1 TABLE OF CONTENTS

1.1 List of Tables
1.2 List of Figures

2 EXECUTIVE SUMMARY

2.1 Global Installed Solar PV Capacity Reached 400 GW in 2017
2.2 China Continued to Lead Global Solar PV Market in 2017
2.3 Asia-Pacific Remained the Largest Solar PV Market in 2017
2.4 Global PV Market Size Set to Reach $78bn by 2030
2.5 Jinko Solar Holding Continues as the Largest Solar Module Supplier in the World

3 INTRODUCTION

3.1 Solar Photovoltaic (PV), Overview
3.2 Types of Solar Modules
3.3 Nature of Solar Installations
3.4 Solar PV, Value Chain
3.5 GlobalData Report Guidance

4 SOLAR PV MARKET, GLOBAL

4.1 Solar PV Market, Global, Overview
4.2 Key Findings
4.3 Solar PV Market, Global, Installed Capacity, 2010-2030
4.4 Solar PV Market, Global, Generation, 2010-2030.
4.5 Solar PV Market, Global, Market Forces Analysis
4.6 Solar PV Market, Global, Average Cost and Market Size, 2010-2030
4.7 Solar PV Market, Global, Influences on Economy, 2017
4.8 Solar PV Market, Global, Module Manufacturers’ Market Share, 2017

5 SOLAR PV MARKET, CHINA

5.1 Solar PV Market, China, Overview
5.2 Key Findings
5.3 Evolution of solar PV market in China
5.4 Solar PV Market, China, Installed Capacity, 2010-2030
5.5 Solar PV Market, China, Electricity Generation, 2010-2030
5.6 Solar PV Market, China, Average Cost and Market Size, 2010-2030
5.7 Solar PV Market, China, Module Manufacturers’ Market Share, 2017
5.8 Solar PV Market, China, Key Drivers
5.9 Solar PV Market, China, Restraints
5.10 Analyst Insight

6 SOLAR PV MARKET, INDIA

6.1 Solar PV Market, India, Overview
6.2 Key Findings
6.3 Evolution of Solar PV Market in India
6.4 Solar PV Market, India, Installed Capacity, 2010-2030
6.5 Solar PV Market, India, Electricity Generation, 2010-2030
6.6 Solar PV Market, India, Average Cost and Market Size, 2010-2030
6.7 Solar PV Market, India, Module Manufacturers’ Market Share, 2017
6.8 Solar PV Market, India, Key Drivers
6.9 Solar PV Market, India, Restraints
6.10 Analyst Insight

7 SOLAR PV MARKET, JAPAN

7.1 Solar PV Market, Japan, Overview
7.2 Key Findings
7.3 Evolution of solar PV market in Japan
7.4 Solar PV Market, Japan, Installed Capacity, 2010-2030
7.5 Solar PV Market, Japan, Electricity Generation, 2010-2030
7.6 Solar PV Market, Japan, Average Cost and Market Size, 2010-2030
7.7 Solar PV Market, Japan, Module Manufacturers’ Market Share, 2017
7.8 Solar PV Market, Japan, Key Drivers
7.9 Solar PV Market, Japan, Restraints
7.10 Analyst Insight

8 SOLAR PV MARKET, REPUBLIC OF KOREA

8.1 Solar PV Market, Republic of Korea, Overview
8.2 Key Findings
8.3 Evolution of solar PV market in Republic of Korea
8.4 Solar PV Market, Republic of Korea, Installed Capacity, 2010-2030
8.5 Solar PV Market, Republic of Korea, Electricity Generation, 2010-2030
8.6 Solar PV Market, Republic of Korea, Average Cost and Market Size, 2010-2030
8.7 Solar PV Market, Republic of Korea, Key Drivers
8.8 Solar PV Market, Republic of Korea, Restraints
8.9 Analyst Insight

9 SOLAR PV MARKET, AUSTRALIA

9.1 Solar PV Market, Australia, Overview
9.2 Key Findings
9.3 Evolution of solar PV market in Australia
9.4 Solar PV Market, Australia, Installed Capacity, 2010-2030
9.5 Solar PV Market, Australia, Electricity Generation, 2010-2030
9.6 Solar PV Market, Australia, Average Cost and Market Size, 2010-2030
9.7 Solar PV Market, Australia, Key Drivers
9.8 Solar PV Market, Australia, Restraints
9.9 Analyst Insight

10 SOLAR PV MARKET, US

10.1 Solar PV Market, US, Overview
10.2 Key Findings
10.3 Evolution of Solar PV Market in US
10.4 Solar PV Market, US, Installed Capacity, 2010-2030
10.5 Solar PV Market, US, Electricity Generation, 2010-2030
10.6 Solar PV Market, US, Average Cost and Market Size, 2010-2030
10.7 Solar PV Market, US, Module Manufacturers’ Market Share, 2017
10.8 Solar PV Market, US, Key Drivers
10.9 Solar PV Market, US, Restraints
10.10 Analyst Insight

11 SOLAR PV MARKET, CANADA

11.1 Solar PV Market, Canada, Overview
11.2 Key Findings
11.3 Evolution of solar PV market in Canada
11.4 Solar PV Market, Canada, Installed Capacity, 2010-2030
11.5 Solar PV Market, Canada, Electricity Generation, 2010-2030
11.6 Solar PV Market, Canada, Average Cost and Market Size, 2010-2030
11.7 Solar PV Market, Canada, Key Drivers
11.8 Solar PV Market, Canada, Restraints
11.9 Analyst Insight

12 SOLAR PV MARKET, MEXICO

12.1 Solar PV Market, Mexico, Overview
12.2 Key Findings
12.3 Evolution of solar PV market in Mexico
12.4 Solar PV Market, Mexico, Installed Capacity, 2010-2030
12.5 Solar PV Market, Mexico, Electricity Generation, 2010-2030
12.6 Solar PV Market, Mexico, Average Cost and Market Size, 2010-2030
12.7 Solar PV Market, Mexico, Key Drivers
12.8 Solar PV Market, Mexico, Restraints
12.9 Analyst Insight

13 SOLAR PV MARKET, GERMANY

13.1 Solar PV Market, Germany, Overview
13.2 Key Findings
13.3 Evolution of Solar PV Market in Germany
13.4 Solar PV Market, Germany, Installed Capacity, 2010-2030
13.5 Solar PV Market, Germany, Electricity Generation, 2010-2030
13.6 Solar PV Market, Germany, Average Cost and Market Size, 2010-2030
13.7 Solar PV Market, Germany, Key Drivers
13.8 Solar PV Market, Germany, Restraints
13.9 Analyst Insight

14 SOLAR PV MARKET, UK

14.1 Solar PV Market, UK, Overview
14.2 Key Findings
14.3 Evolution of solar PV market in UK
14.4 Solar PV Market, UK, Installed Capacity, 2010-2030
14.5 Solar PV Market, UK, Electricity Generation, 2010-2030
14.6 Solar PV Market, UK, Average Cost and Market Size, 2010-2030
14.7 Solar PV Market, UK, Module manufacturers’ Market Share, 2017
14.8 Solar PV Market, UK, Key Drivers
14.9 Solar PV Market, UK, Restraints
14.10 Analyst Insight

15 SOLAR PV MARKET, TURKEY

15.1 Solar PV Market, Turkey, Overview
15.2 Key Findings
15.3 Evolution of solar PV market in Turkey
15.4 Solar PV Market, Turkey, Installed Capacity, 2010-2030
15.5 Solar PV Market, Turkey, Electricity Generation, 2010-2030
15.6 Solar PV Market, Turkey, Average Cost and Market Size, 2010-2030
15.7 Solar PV Market, Turkey, Module manufacturers’ Market Share, 2017
15.8 Solar PV Market, Turkey, Key Drivers
15.9 Solar PV Market, Turkey, Restraints
15.10 Analyst Insight

16 SOLAR PV MARKET, SPAIN

16.1 Solar PV Market, Spain, Overview
16.2 Key Findings
16.3 Evolution of solar PV market in Spain
16.4 Solar PV Market, Spain, Installed Capacity, 2010-2030
16.5 Solar PV Market, Spain, Electricity Generation, 2010-2030
16.6 Solar PV Market, Spain, Average Cost and Market Size, 2010-2030
16.7 Solar PV Market, Spain, Key Drivers
16.8 Solar PV Market, Spain, Restraints
16.9 Analyst Insight

17 APPENDIX

17.1 Abbreviations
17.2 Bibliography
17.3 Market Definitions
17.4 Methodology
  17.4.1 Coverage
  17.4.2 Secondary Research
  17.4.3 Primary Research
  17.4.4 Modeling and Forecasting
17.5 Contact Us
17.6 Disclaimer

LIST OF TABLES

Table 1: Solar PV Market, Global, Module Manufacturers’ Market Share (%), 2017
Table 2: Solar PV Market, Global, Installed Capacity (GW), 2010-2030
Table 3: Solar PV Market, Global, Countries with FiTs for Solar, 2017
Table 4: Solar PV Market, Global, Renewable Energy Targets by Countries,2017-2030
Table 5: Solar PV Market, Global, Average Cost of Key Countries ($/kW) and CAGR (%), 2010-2017
Table 6: Solar PV Market, Global, Auction Results by Country, 2017
Table 7: Solar PV Market, Global, Average Cost ($/kW) and Market Size ($bn), 2010-2030
Table 8: Solar PV Market, China, Installed Capacity (GW), 2010-2030
Table 9: Solar PV Market, China, Average Cost ($/kW) and Market Size ($bn), 2010-2030
Table 10: Solar PV Market, China, FiT, 2015 and 2020
Table 11: Solar PV Market, India, Installed Capacity (GW), 2010-2030
Table 12: Solar PV Market, India, Average Cost ($/kW) and Market Size ($m), 2010-2030
Table 13: Solar PV Market, India, Auction Results, 2016-2017
Table 14: Solar PV Market, Japan, Installed Capacity (GW), 2010-2030
Table 15: Solar PV Market, Japan, Average Cost ($/kW) and Market Size ($m), 2010-2030
Table 16: Solar PV Market, Japan, Tenders Awarded to Companies, 2017
Table 17: Solar PV Market, Japan, Comparison of the awarded capacity year wise, 2017-208
Table 18: Solar PV Market, Republic of Korea, Installed Capacity (GW), 2010-2030
Table 19: Solar PV Market, Republic of Korea, Average Cost ($/kW) and Market Size ($m), 2010-2030
Table 20: Solar PV Market, Republic of Korea, RPS Quota (%)
Table 21: Solar PV Market, Republic of Korea, RECs for Solar, 2017
Table 22: Solar PV Market, Republic of Korea, NRE Programs, 2017
Table 23: Solar PV Market, Australia, Installed Capacity (GW), 2010-2030
Table 24: Solar PV Market, Australia, Average Cost ($/kW) and Market Size ($m), 2010-2030
Table 25: Solar PV Market, US, Installed Capacity (GW), 2010-2030
Table 26: Solar PV Market, US, Average Cost ($/kW) and Market Size ($m), 2010-2030
Table 27: Solar PV Market, US, Renewable Portfolio Standards
Table 28: Solar PV Market, Canada, Cumulative Capacity and Annual Addition (GW), 2010-2030
Table 29: Solar PV Market, Canada, Average Cost ($/kW) and Market Size ($m), 2010-2030
Table 30: Solar PV Market, Canada, Renewable Energy Targets by Region
Table 31: Solar PV Market, Mexico, Cumulative Capacity and Annual Addition (GW), 2010-2030
Table 32: Solar PV Market, Mexico, Average Cost ($/kW) and Market Size ($m), 2010-2030
Table 33: Solar PV Market, Mexico, Auctions 2016-2017
Table 34: Solar PV Market, Germany, Installed Capacity (GW), 2010-2030
Table 35: Solar PV Market, Germany, Average Cost ($/kW) and Market Size ($m), 2010-2030
Table 36: Solar PV Market, Germany, Solar Auction Results, 2017.
Table 37: Solar PV Market, Germany, Pilot Solar Auctions for Ground-mounted PV, Results, 2015-2016
Table 38: Solar PV Market, Germany, Feed-in Tariff (€c/kWh), 2015-2035
Table 39: Solar PV Market, UK, Installed Capacity (GW), 2010-2030
Table 40: Solar PV Market, UK, Average Cost ($/kW) and Market Size ($m), 2010-2030
Table 41: Solar PV Market, UK, Feed-in Tariff (p/kWh), July-September 2017
Table 42: Solar PV Market, Turkey, Renewable Power Targets, 2018-2026
Table 43: Solar PV Market, Turkey, Installed Capacity (GW), 2010-2030
Table 44: Solar PV Market, Turkey, Average Cost ($/kW) and Market Size ($m), 2010-2030
Table 45: Solar PV Market, Turkey, Renewable Energy Support Mechanism, 2017
Table 46: Solar PV Market, Turkey, Auctions, 2017-2019
Table 47: Solar PV Market, Spain, Cumulative Capacity and Annual Addition (GW), 2010-2030
Table 48: Solar PV Market, Spain, Average Cost ($/kW) and Market Size ($m), 2010-2030
Table 49: Abbreviations

Asia-Pacific (APAC) will continue to lead the global solar photovoltaic (PV) market over the next seven years due to abundant availability of solar energy in the tropical countries and government support in countries such as China, India, Japan and Australia, says GlobalData.

The company’s latest report ‘Solar Photovoltaic (PV) Market, Update 2018,’ reveals that strong demand for PV in countries such as China, the US, India, Japan, Germany and Australia will drive global solar PV installations to cross 1,000 gigawatt (GW) of cumulative capacity by 2025.

Piyali Das, Power Analyst at GlobalData, comments: “The global solar PV market is growing rapidly as is evident from the annual addition since 2010. The average annual addition during 2010-2018 was 52 GW. Reduction in costs of PV due to an increase in competition, emergence of PV in new and upcoming countries in South America, Middle East & Africa and APAC regions will drive the global solar PV installations during 2018-2030. It is expected that the global solar PV market will reach 1,082GW by 2025 and 1,516GW by 2030.”

APAC remains the leading region in the global solar PV market with a share of 58.3% in the global cumulative solar PV capacity in 2018, according to the report.

Das adds: “China, which is the largest market for PV in the world, has witnessed a declining trend in annual additions in 2018. The country’s annual additions are expected to decline in 2018 to around 42GW from 53.1GW in 2017.”

The key reason for the decline is attributed to the 2018 Solar PV Generation Notice released by the China’s National Development and Reform Commission, which has set tough limits to cut down the solar PV generation in 2018 and beyond.

However, the country will continue to dominate the global PV market and will continue install the highest PV capacities than any other country during the forecast period.

Das continues: “India, another key country in the APAC region as well as the global PV market, will continue to add record capacities each year during 2018-2022 in order to meet its aggressive national solar PV targets.”

Countries such as India and Japan have taken up auctions to increase the market uptake for solar PV, leading to cost competitiveness, and encouraging state-owned distribution utilities to award PV projects through a bidding route. Auctions allow policymakers to control both the price and quantity of PV energy by providing stable revenue guarantees for project developers while ensuring that the renewable generation target is met more precisely. Against this backdrop, many new and emerging PV markets have taken up the auctions route to increase their PV market uptake.

Das concludes: “Cutting down annual additions in China, India’s gaining momentum in the solar PV market and increase in auction-based competitive bidding are the significant factors impacting the solar PV market in 2018 and beyond.”



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