“According to Publisher, the Global Photovoltaic System Market is accounted for $XX million in 2015 and is expected to reach $XX million by 2022 growing at a CAGR of XX% during the forecast period”. Government renewable targets and rise in demand for solar systems are some of the key factors boosting the market growth. However, high installation and storage costs are hindering the market growth.
By Application, utility segment commanded the largest market share and is anticipated to grow at a significant CAGR attributed to rising usage of photovoltaics in power plants. By geography, Europe commanded the market, followed by Asia Pacific. Asia Pacific is expected to be the leading market owing to increased demand for high quality and low priced products.
For more information at http://www.reportsweb.com/photovoltaic-system-global-market-outlook-2016-2022 .
Some of the key players in Photovoltaic System market include Suntech Power Holdings Co. Ltd, Mitsubishi Electric Corporation, Jinko Solar, ReneSola Co. Ltd, Kaneka Corporation, Trina Solar, Panasonic Corporation, JA solar Co. Ltd, Yingli Green, Kyocera Corporation and Sharp Corporation
- Inorganic PV
- Organic PV
o Military & Space Applications
o Power Plants Applications
o Thin Film PV Cells
o Crystalline Silicon PV Cells
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- North America
o Rest of Europe
- Asia Pacific
o New Zealand
o Rest of Asia Pacific
- Rest of the World
o Middle East
o South Africa
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