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Below are some of the key findings from the solar PV systems market research report
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The need to increase energy access is one of the primary factors triggering the growth of the solar PV systems market in Asia. International Energy Agency (IEA) estimates that in 2016 almost 440 million people in the developing countries in Asia had no access to electricity. Providing grid access to all individuals requires significant government investments and is time-consuming. This is driving the installation of the more economical off-grid electrification systems. Solar power systems like solar home systems (SHS) and mini-grids can be installed in a lesser time, reduce T&D losses, and increase electricity supply security. These factors are leading to large-scale adoption of solar PV systems and driving market growth.
The growing deployment of microgrids is one of the key trends in solar PV systems market. Microgrids use several combined power generation sources like wind, solar, geothermal, biomass, and fossil fuel. They can function independently or as a hybrid power supply source to a limited area. Microgrids can also provide power when the main grid fails. These benefits have led several national governments to support microgrid deployment. The solar PV systems market forecast report predicts that fueled by these factors, the market will grow at a CAGR of over 10% during the forecast period.
The solar PV systems market in Asia is moderately concentrated. The market is in the early growth stage and is quite competitive. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this solar PV systems industry analysis report will aid clients to identify new growth opportunities and design new growth strategies.
The report offers a complete analysis of various companies including:
Market analysis on the solar PV systems market in Asia reveals that on-grid segment will dominate the Asia solar PV systems market share. Off-grid applications will account for the highest market growth throughout the forecast period.
The non-residential user segment will account for the largest solar PV systems market share. This segment will also record the highest growth in the market during the forecast period. Additionally, the report also provides an accurate prediction of the contribution of the various end-user segments to the growth of the solar PV systems market size.
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
PART 05: MARKET SIZING
PART 06: FIVE FORCES ANALYSIS
PART 07: MARKET SEGMENTATION BY APPLICATION
PART 08: CUSTOMER LANDSCAPE
PART 09: REGIONAL LANDSCAPE
PART 10: MARKET SEGMENTATION BY END-USER
PART 11: DECISION FRAMEWORK
PART 12: DRIVERS AND CHALLENGES
PART 13: MARKET TRENDS
PART 14: VENDOR LANDSCAPE
PART 15: VENDOR ANALYSIS
PART 16: APPENDIX
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