Dallas, TX (PRWEB) November 16, 2014
Analysts forecast the Photovoltaic Industry in China to grow at a CAGR of 30.9 percent over the period 2014-2019. According to the report, one of the major driving factors of the market is the rise in government support in the form of project approvals, tax rebates, and financing.
One of the major trends in this market is the increase in investments in the solar industry. State Grid is encouraging companies to manufacture photovoltaic modules.
Report recognizes the following companies as the key players in the Photovoltaic Industry in China: China Sunergy Co. Ltd., JinkoSolar Holding Co. Ltd, Suntech Power Holdings Co. Ltd., Trina Solar and Yingli Green Energy Holding Co. Ltd.
Other Prominent Vendors in the market are: Chint Group, Hanwha SolarOne, JA Solar Holdings, E-Ton Solar Tech and Flisom.
Further, the report states that the anti-dumping duties are a significant threat to the market vendors. This leads to a significant loss in trade for Chinese photovoltaic vendors on foreign land, which in turn increases the burden on domestic consumption.
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One key trend in this market is pico solar systems replacing fuel-based lighting. Conventional kerosene-based lighting methods are unsafe and inefficient and, hence, pico solar systems are set to replace these.
Report recognizes the following companies as the key players in the Global Solar PV Consumer Products Market: Angaza Design, Barefoot Power, D.light Design, Goal Zero and Schneider Electric SA.
Other Prominent Vendors in the market are: Azuri Technologies, BBOXX, Grape Solar, Greenlight Planet and Panasonic.
One of the major trends in this market is the increase in investment by various governments. Various national authorities across the globe are encouraging companies to manufacture PV modules.
Report recognizes the following companies as the key players in the Global Solar Photovoltaic (PV) Market: First Solar Inc., Suntech Power Holdings Co. Ltd., Trina Solar Ltd. and Yingli Green Energy Holding Co. Ltd.
Other Prominent Vendors in the market are: Bosch Solar Energy, Canadian Solar, Dyesol, EniPower, ET Solar, E-Ton Solar Tech, Evergreen Solar, Flisom, GE Energy, Global Solar Energy, Hanwha SolarOne, Hitachi Metals America, Isofoton, JA Solar Holdings, JinkoSolar Holding, Kyocera, LDK Solar, Matrix Solar Technologies, MiaSole, Mitsubishi Electric, Moser Baer Solar, Motech Industries, Nanosolar, Primestar Solar, Q-Cells, REC Solar, ReneSola, Ritek, Sanyo Solar, Schott Solar, Schuco, Sharp Solar Energy Solutions Group, Signet Solar, Siliken and SunPower.
One of the major trends in the market is the increase in the number of new entrants that are seeking to capitalize on the high demand for technologically advanced PV inverters.
Report recognizes the following companies as the key players in the Global Solar PV Inverter Market: KACO New Energy Inc., Power-One Inc., Schneider Electric Co. and SMA Solar Technology AG.
Other Prominent Vendors in the market are: Bonfiglioli Riduttori, Danfoss Solar Inverter, Eaton, Emerson Electric, Enphase Energy, Fronius International, GE, Jiangsu Zeversolar New Energy, Mitsubishi Electric, Proniso, REFUsol, Riello, Siemens, TDK and Toshiba
One major trend emerging in the market is the increase in demand for solutions and services. The market players are investing a huge amount of funds to provide integrated smart solar solutions. Most of the vendors are focusing on providing complete solutions for smart solar energy generation; that is, from components to services. In addition, the increase in demand for energy necessitates the need for energy management solutions and demand response services integrated with the installations.
Report recognizes the following companies as the key players in the Global Smart Solar Market: ABB Ltd., Echelon Corporation, First Solar Inc., GE Energy, Schneider Electric SE, Siemens AG and SunPower Corporation.
Other Prominent Vendors in the market are: Trilliant, Landis+Gyr, Silver Spring Networks and Urban Green Energy.
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