Asia-Pacific Solar Energy Market Outlook 2016-2024: Share, Trends, Demand, and Size

Asia-pacific solar energy market trendsNew York, USA, 2018-Apr-30 — /EPR Network/ —According to Goldstein Research, Asia-Pacific solar energy market is expected to reach USD 430.2 billion by 2024 from USD 95.2 billion in 2016, growing at a CAGR of 25.01% over the forecast period 2016-2024. Multifarious initiative taken by the regional government is driving the growth of Asia Pacific solar energy market. Asia-Pacific solar energy market segmentation has been carried out on the basis of generation, solar modules, technology and application. Architecture segment dominated the Asia Pacific solar energy market with 35% share in 2016 due to vast use of solar energy resources in architectural rooftop etc. AsiaPacific solar energy market is majorly driven by Japan, followed by China in Asia Pacific solar energy market. Japan has nearly 10.2 GW installation of solar power in 2016. However, India is growing at a fastest CAGR and India solar energy market size is anticipated to reach USD 6.21 billion by 2024.

Market Segmentation

On the basis of our in-depth analysis, Asia-Pacific Solar Energy Market can be segmented as follows:

On the basis of generation

  • First generation
  • Second generation
  • Third generation

On the basis of solar module

  • Monocrystalline silicon cells
  • Polycrystalline silicon cells
  • Cadmium telluride silicon cells
  • Amorphous silicon cells
  • Others

On the basis of technology

  • Photovoltaic cells
  • Inorganic cell
  • Organic cells
  • Concentrated solar power plant
  • parabolic troughs
  • Solar power towers
  • Others

On the basis of application

  • Agriculture & horticulture
  • Transportation
  • Architecture

By Region

  • China {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
  • India {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
  • Indonesia {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
  • Malaysia {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
  • Japan {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
  • Singapore {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
  • South Korea {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
  • Australia {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
  • New Zealand {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
  • Rest of Asia {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}

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 “Asia-Pacific Solar Energy Market Outlook 2024contains detailed overview of the Asia-Pacific solar energy market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by generation, by solar module, by technology and by applications.

Further, for the in-depth analysis, Asia-Pacific Solar Energy Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Canadian Solar, First Solar, Huawei Technologies, JA Solar, Kyocera, Omron Corporation, Power-One Micro System Pvt. Ltd, SMA, Sungrow Power Supply Co. Ltd, Tabuchi Electric Co. Ltd, Tmeic, Trina Solar, Xiamen Kehua Hengsheng Co. Ltd, Yingli Sola, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents the Asia-Pacific solar energy market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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About Goldstein Research

Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.

Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Our market research reports provide in-depth analysis of global and regional variations along with competitors’ overview. Our analysts working on energy and resources reports to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.

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(Global Sales Head)

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