According to Stratistics MRC, the Global Photovoltaic System Market is anticipated to grow with CAGR of 19.50% during the forecast period.
Factors such as Government renewable targets and rise in Demand for Solar Systems are influencing the growth of Photovoltaic System Market. On the flipside, high installation and storage costs restrict the growth of the market.
Photovoltaic Systems are authentic, secure and easy to install as they convert sunlight into electricity. They play important role in the power/energy system. Their demand made high efficient and affordable solar photovoltaic technologies, which has resulted in widespread research and development of various technologies including organic solar cells, dye sensitized solar cells.
On the basis of Application, Organic PV is inert for electrical conductivity due to the presence of strong covalent bonds. Their operating mechanism is used for generating electro statically bound electron-hole pair in organic solar cells instead of free charges. Methodologies that are used in organic solar cells include quantum mechanical theories for charge transfer excitations, application to density functional theory (DFT) methods in charge transfer excitations etc. By geography, North American market is expected to surpass the other regions market due to the government significant preference on solar energy in the countrys renewable energy mix.
Some of the Key players in Photovoltaic System market are Yingli Green, United Solar Ovonic, Trina Solar, Sharp, Schott Solar, Motech, Mitsubishi Heavy, Kyocera, Hanwha Solarone, First Solar, Evergreen Solar, China Sunergy, Canadian Solar, Bp Solar, Bosch Solar, SolarWorld AG, Sunpower Corporation, JA Solar Holdings, Hanwha Q CELLS and Tata Power Solar Systems Ltd.
o Rest of Europe
o New Zealand
o South Korea
o Rest of Asia Pacific
o Rest of South America
Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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