Solar resources are available in every country and both solar photovoltaic (PV) and concentrating solar power (CSP) technologies can be used to convert this solar resource into electricity. Solar PV can use both direct and diffuse sunlight to create power, while CSP relies on direct sunlight, somewhat restricting its deployment to areas with high direct normal irradiance (DNI). Cumulative solar PV deployment reached 578 GW at the end of 2019, while the deployment of CSP is still in its infancy at 6 GW.
According to the new market research report “Global Solar Photovoltaic (Pv) Panels Market Report 2023-2029”, published by QYResearch, the global Solar Photovoltaic (Pv) Panels market size is projected to reach USD 78.61 billion by 2029, at a CAGR of 7.1% during the forecast period.
Figure00001. Global Solar Photovoltaic (Pv) Panels Market Size (US$ Million), 2018-2029
Based on or includes research from QYResearch: Global Solar Photovoltaic (Pv) Panels Market Report 2023-2029.
Figure00002. Global Solar Photovoltaic (Pv) Panels Top 21 Players Ranking and Market Share（Based on data of 2021, Continually updated）
Based on or includes research from QYResearch: 2021 data information of Global Solar Photovoltaic (Pv) Panels Market Report 2023-2029.
The global key manufacturers of Solar Photovoltaic (Pv) Panels include LONGi, JinkoSolar, JA Solar, Risen Energy, Trina Solar, Canadian Solar, Hanwha Solutions, First Solar, Chint Electrics, EGing PV, etc. In 2021, the global top 10 players had a share approximately 77.0% in terms of revenue.
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QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.