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Asia Pacific Solar Photovoltaic Market
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Asia Pacific Solar Photovoltaic Market

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Asia Pacific Solar Photovoltaic (PV) Market, By Technology (Mono-Si, Thin Film, Multi-Si); By Installation (Ground Mounted, Roof Mounted); By Grid Type (On-Grid, Off Grid); By Application (Residential, Non-Residential, Utilities); By Country (China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Singapore, Philippines, Vietnam, Rest of APAC), Trend Analysis, Competitive Landscape & Forecast, 2019–2029

  • Published Date: March 2023
  • Report ID: BWC23201
  • Available Format: PDF
  • Page: 260

Report Overview

An increasing number of off-grid areas and growing investment in solar energy are projected to propel the expansion of Asia-Pacific Solar Photovoltaic Market during the forecast period between 2023 and 2029.

Asia-Pacific Solar Photovoltaic (PV) Market - Industry Trends & Forecast Report, 2029

Asia-Pacific solar photovoltaic (PV) market size is expected at a CAGR of 10.22% during the forecast period between 2023 and 2029. Major growth drivers for Asia-Pacific solar photovoltaic market include highly versatile, lightweight, durable, easy to install, and with low development and constriction qualities. As the global energy landscape undergoes a dramatic shift, renewable energy is playing an increasingly crucial role in assisting countries in developing modern, safe energy systems. Lower clean energy costs will aid in this transformation. Rising population is increasing global energy consumption, and growing awareness of the importance of building a green future through sustainable development is increasing the demand for solar energy. Also, growing government initiatives and investments in establishing sustainable energy sources are propelling the photovoltaic market forward. Rapid technical improvements and rising fossil fuel prices are important contributors to its expansion. The World Bank is aiding governments in establishing energy structures, legal frameworks, and policy and regulatory improvements, which has opened the way for major wind and solar power expansion in nations, such as India, Morocco, and Turkey.

Asia-Pacific Solar Photovoltaic (PV) Market – Overview

Solar photovoltaic (PV) market refers to the industry involved in the production and installation of solar PV systems. It includes manufacturers of PV cells, modules, and mounting systems, as well as installers, distributors, and service providers. The Asia-Pacific Solar PV market is the largest in the world and has seen significant growth in recent years, driven by declining costs, supportive government policies, and increasing demand for clean energy. The region is expected to continue to lead the global solar PV market in the coming years, driven by factors, such as population growth, rapid urbanization, and the need for reliable electricity in remote areas. China is the largest market for solar PV in the region and is also the world's largest producer of solar PV modules. Other key markets in the region include India, Japan, and Australia. The market is also seeing increasing interest in emerging markets, such as Indonesia, Vietnam, and the Philippines.

Asia-Pacific Solar Photovoltaic (PV) Market

Growth Drivers

Increasing Investment in Solar Energy

The utility solar PV mounting systems market is expected to grow as a result of the continuing development of high efficiency solar PV projects combined with severe clean electricity usage standards. Continued component cost reductions, followed by technical developments, as well as favorable regulatory measures such as tax incentives, will boost industry income. Furthermore, increasing expenditures at the utility scale in the development of clean power generation in response to rising electricity demand will further stimulate industry dynamics.

Restraints

Land Use

Land use can certainly be a hindrance to the growth of the Asia-Pacific solar photovoltaic market. One of the key challenges in developing solar power projects is finding suitable land for installation of solar panels. In the densely populated areas of the Asia-Pacific region, available land is limited and in high demand for other uses, such as agriculture, residential or commercial development, or conservation. It can make it difficult for solar power developers to secure suitable land at a reasonable cost. Additionally, land use regulations and zoning laws can also be a hindrance to the development of solar power projects. Some areas may be designated for specific types of land use, such as agricultural or residential, which can limit the potential for solar power development. Environmental concerns may also come into play, such as protecting sensitive ecosystems or preserving cultural heritage sites, which can restrict the use of certain land for solar power development.

Impact of COVID-19 on Asia-Pacific Solar Photovoltaic (PV) Market

COVID-19 had a detrimental impact on solar photovoltaic market across the Asia-Pacific region. It has disrupted global supply chains, which has led to delays and shortages of solar PV. This has affected both the production and installation of solar PV systems in the Asia-Pacific region. Several solar panel manufacturers and component suppliers in China and other parts of Asia were forced to shut down or reduce operations during the early stages of the pandemic, which led to shortages of certain components and increased prices. Another impact of pandemic has been the delay or cancellation of some solar power projects in the Asia-Pacific region. However, the pandemic has led to increased demand for renewable energy in some countries, particularly as governments look to boost economic recovery through investments in infrastructure. It has led to a number of countries in the region, including Japan, South Korea, and Australia, announcing new targets for renewable energy deployment. Also, the pandemic has highlighted the importance of reliable and resilient energy systems, particularly in remote and off-grid areas. This has led to increased interest in solar PV systems as a cost-effective and sustainable solution for providing electricity in such areas.

Asia-Pacific Solar Photovoltaic (PV) Market

Segmental Coverage

Asia-Pacific Solar Photovoltaic (PV) Market – By Technology

By technology, Asia-Pacific Solar photovoltaic market is divided into Mono-Si, Thin Film, and Multi-Si. The Mono-Si segment holds the highest market share during the period in analysis. Mono-Si, or monocrystalline silicon, is the most widely used solar panel technology in the Asia Pacific region due to its high efficiency, long lifespan, and relatively low cost compared to other technologies. The Multi-Si technology segment is also used in the Asia-Pacific solar photovoltaic market, although to a lesser extent than Mono-Si. Multi-Si, or multi-crystalline silicon, is a less efficient technology than Mono-Si but is typically less expensive, making it a popular choice for large-scale solar power projects.

Asia-Pacific Solar Photovoltaic Market Demand

Asia-Pacific Solar Photovoltaic (PV) Market – By Installation

By installation, Asia-Pacific Solar photovoltaic market is bifurcated into Ground-Mounted and Roof-Mounted segments. The ground-mounted segment held a higher market share. Ground-mounted solar photovoltaic systems are typically installed on large open spaces, such as fields or deserts, and can generate high levels of electricity due to their size and positioning. Ground mounted solar PV systems are also relatively easy to install and maintain, which has made them a popular choice for utility-scale solar power projects in the Asia-Pacific region.

Asia-Pacific Solar Photovoltaic Market Share

Asia-Pacific Solar Photovoltaic (PV) Market – By Grid Type

Based on grid type, Asia-Pacific Solar photovoltaic market is split into On-Grid and Off-Grid segments. The on-grid segment holds a higher market share in the Asia-Pacific solar photovoltaic market. On-grid solar PV systems are connected to the utility grid and can feed excess electricity back into the grid, which can generate income for the system owner through net metering programs. On-grid solar PV systems are a popular choice for commercial and industrial applications in the Asia Pacific region, where they can help companies reduce their electricity costs and carbon footprint.

Asia-Pacific Solar Photovoltaic Market Size

Asia-Pacific Solar Photovoltaic (PV) Market – By Application

Based on application, Asia-Pacific Solar photovoltaic market is divided into Residential, Non-Residential, and Utilities segments. The non-residential segment dominates the Asia-Pacific solar photovoltaic market. Non-residential solar PV systems are typically installed in commercial and industrial settings, such as offices, factories, and warehouses. Non-residential solar PV systems are a popular choice for businesses in the Asia-Pacific region, as they can help reduce electricity costs and improve sustainability efforts.

Asia-Pacific Solar Photovoltaic (PV) Market – By Country

Asia-Pacific solar photovoltaic (PV) market covers China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Singapore, Philippines, Vietnam, and Rest of APAC. China dominates the Asia-Pacific solar photovoltaic (PV) market. China is the world's largest producer and installer of solar PV systems and has a well-established solar industry. The country has set ambitious targets for renewable energy development, including solar PV, which has led to significant growth in the solar industry in recent years. The Chinese government has also provided strong policy support for solar PV installations, including subsidies, tax incentives, and feed-in tariffs, which has encouraged the growth of the solar industry in the country. Other major markets in the Asia-Pacific region for solar PV mounting systems include Japan, India, South Korea, and Australia. These countries have also set ambitious targets for renewable energy development, including solar PV, and have implemented supportive policies to encourage the growth of the solar industry. The growth of solar PV installations in these countries has been driven by factors such as declining solar PV module prices, increasing electricity demand, and environment concerns.

Competitive Landscape

Major players operating in Asia-Pacific solar photovoltaic market include Tata Power Solar Systems Ltd., Canadian Solar Inc., Wuxi Suntech Pawer Co. Ltd, Nextera Energy Sources LLC, BrightSource Energy Inc., and SunPower Corporation. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

  • In September 2022 - Hitachi Astemo announced its plans to establish India's first solar PV facility at its Jalgaon manufacturing factory in Maharashtra. The 3 MW solar power plant will take up 43,301 square meters of land. The ground-mounted solar power plant, which will have 7,128 ground-mounted solar panels and 10 inverters, is projected to be operational by 2023.

  • In January 2022 - Reliance Industries (RIL) signed an agreement with the Gujarat government to invest USD 603 billion in Gujarat over the next 10-15 years to build 100 GW of renewable energy power plants and a green hydrogen ecosystem. Solar power plants on a utility scale are examples of renewable energy power plants. RIL plans to invest INR 60,000 crore in the establishment of manufacturing facilities for solar PV modules, electrolyzes, batteries, and fuel cells for upcoming renewable projects.

Scope of the Report

Attributes

Details

Years Considered

Historical Data – 2019–2022

Base Year – 2022

Estimated Year – 2023

Forecast Period – 2023–2029

Facts Covered

Revenue in USD Billion

Market Coverage

China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Singapore, Philippines, Vietnam, Rest of APAC

Product/ Service Segmentation

Technology, Installation, Grid Type, Application, Country

Key Players

Tata Power Solar Systems Ltd., Canadian Solar Inc., Wuxi Suntech Pawer Co. Ltd, Nextera Energy Sources LLC, BrightSource Energy Inc., SunPower Corporation

 

By Technology

  • Mono-Si

  • Thin Film

  • Multi-Si

By Installation

  • Ground Mounted

  • Roof Mounted

By Grid Type

  • On-Grid

  • Off Grid

By Application

  • Residential

  • Non-residential

  • Utilities

By Country

  • China

  • India

  • Japan

  • South Korea

  • Australia & New Zealand

  • Indonesia

  • Malaysia

  • Singapore

  • Philippines

  • Vietnam

  • Rest of APAC

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. Asia-Pacific Solar Photovoltaic (PV) Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Increasing Number of Off-grid Areas
        2. Growing Investment in Solar Energy
      2. Restraints
        1. Land Use
      3.  Opportunities
        1. Advancements in Technology
      4. Challenges
        1. Impact on Supply Chain Due to Covid
    3. Technology Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. Asia-Pacific Solar Photovoltaic (PV) Market Overview
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Technology
        1. Mono-Si
        2. Thin Film
        3. Multi-Si
        4. Others
      2. By Installation
        1. Ground Mounted
        2. Roof Mounted
        3. Others
      3. By Grid Type
        1. On-Grid
        2. Off Grid
      4. By Application
        1. Residential
        2. Non-residential
        3. Utilities
      5. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Australia & New Zealand
        6. Indonesia
        7. Malaysia
        8. Singapore
        9. Vietnam
        10. Rest of Asia-Pacific
  5. China Solar Photovoltaic (PV) Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Technology
      2. By Installation
      3. By Grid Type
      4. By Application
  6. India Solar Photovoltaic (PV) Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Technology
      2. By Installation
      3. By Grid Type
      4. By Application
  7. Japan Solar Photovoltaic (PV) Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Technology
      2. By Installation
      3. By Grid Type
      4. By Application
  8. South Korea Solar Photovoltaic (PV) Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Technology
      2. By Installation
      3. By Grid Type
      4. By Application
  9. Australia & New Zealand Solar Photovoltaic (PV) Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Technology
      2. By Installation
      3. By Grid Type
      4. By Application
  10. Indonesia Solar Photovoltaic (PV) Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Technology
      2. By Installation
      3. By Grid Type
      4. By Application
  11. Malaysia Solar Photovoltaic (PV) Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Technology
      2. By Installation
      3. By Grid Type
      4. By Application
  12. Singapore Solar Photovoltaic (PV) Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Technology
      2. By Installation
      3. By Grid Type
      4. By Application
  13. Vietnam Solar Photovoltaic (PV) Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Technology
      2. By Installation
      3. By Grid Type
      4. By Application
  14. Rest of Asia-Pacific Solar Photovoltaic (PV) Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Technology
      2. By Installation
      3. By Grid Type
      4. By Application
  15. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Asia-Pacific Solar Photovoltaic (PV) Company Market Share Analysis, 2022
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
  16. Impact of Covid-19 on Asia-Pacific Solar Photovoltaic (PV) Market
  17. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
    1. Tata Power Solar Systems Ltd.
    2. Canadian Solar Inc.
    3. Wuxi Suntech Pawer Co. Ltd
    4. Nextera Energy Sources LLC
    5. BrightSource Energy Inc.
    6. SunPower Corporation
    7. Prominent Players
  18. Key Strategic Recommendations
  19. Research Methodology
    1.    Qualitative Research
      1.  Primary & Secondary Research
    2.    Quantitative Research
    3.    Market Breakdown & Data Triangulation
      1.  Secondary Research
      2.  Primary Research
    4.    Breakdown of Primary Research Respondents, By Region
    5.    Assumptions & Limitations

*Financial information of case of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

 

 

 

List of Figures

 

Figure 1       Asia-Pacific Solar Photovoltaic (PV) Segmentation  

Figure 2       Asia-Pacific Solar Photovoltaic (PV) Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2022

Figure 4       Asia-Pacific Solar Photovoltaic (PV) Market Size, By Value (USD Million), 2019–2029 

Figure 5       Asia-Pacific Solar Photovoltaic (PV) Market Share, By Technology, By Value, 2019–2029 

Figure 6       Asia-Pacific Solar Photovoltaic (PV) Market Share, By Installation, By Value, 2019–2029 

Figure 7       Asia-Pacific Solar Photovoltaic (PV) Market Share, By Grid Type, By Value, 2019–2029 

Figure 8       Asia-Pacific Solar Photovoltaic (PV) Market Share, By Application, By Value, 2019–2029 

Figure 9       Asia-Pacific Solar Photovoltaic (PV) Market Share, By Country, By Value, 2019–2029 

Figure 10     China Solar Photovoltaic (PV) Market Size, By Value (USD Million), 2019–2029         

Figure 11     China Solar Photovoltaic (PV) Market Share, By Technology, By Value, 2019–2029         

Figure 12     China Solar Photovoltaic (PV) Market Share, By Installation, By Value, 2019–2029         

Figure 13     China Solar Photovoltaic (PV) Market Share, By Grid Type, By Value, 2019–2029         

Figure 14     China Solar Photovoltaic (PV) Market Share, By Application, By Value, 2019–2029         

Figure 15     India Solar Photovoltaic (PV) Market Size, By Value (USD Million), 2019–2029

Figure 16     India Solar Photovoltaic (PV) Market Share, By Technology, By Value, 2019–2029         

Figure 17     India Solar Photovoltaic (PV) Market Share, By Installation, By Value, 2019–2029         

Figure 18     India Solar Photovoltaic (PV) Market Share, By Grid Type, By Value, 2019–2029         

Figure 19     India Solar Photovoltaic (PV) Market Share, By Application, By Value, 2019–2029         

Figure 20     Japan Solar Photovoltaic (PV) Market Size, By Value (USD Million), 2019–2029         

Figure 21     Japan Solar Photovoltaic (PV) Market Share, By Technology, By Value, 2019–2029         

Figure 22     Japan Solar Photovoltaic (PV) Market Share, By Installation, By Value, 2019–2029         

Figure 23     Japan Solar Photovoltaic (PV) Market Share, By Grid Type, By Value, 2019–2029         

Figure 24     Japan Solar Photovoltaic (PV) Market Share, By Application, By Value, 2019–2029         

Figure 25     South Korea Solar Photovoltaic (PV) Market Size, By Value (USD Million), 2019–2029 

Figure 26     South Korea Solar Photovoltaic (PV) Market Share, By Technology, By Value, 2019–2029 

Figure 27     South Korea Solar Photovoltaic (PV) Market Share, By Installation, By Value, 2019–2029 

Figure 28     South Korea Solar Photovoltaic (PV) Market Share, By Grid Type, By Value, 2019–2029 

Figure 29     South Korea Solar Photovoltaic (PV) Market Share, By Application, By Value, 2019–2029 

Figure 30     Australia & New Zealand Solar Photovoltaic (PV) Market Size, By Value (USD Million), 2019–2029       

Figure 31     Australia & New Zealand Solar Photovoltaic (PV) Market Share, By Technology, By Value, 2019–2029

Figure 32     Australia & New Zealand Solar Photovoltaic (PV) Market Share, By Installation, By Value, 2019–2029

Figure 33     Australia & New Zealand Solar Photovoltaic (PV) Market Share, By Grid Type, By Value, 2019–2029

Figure 34     Australia & New Zealand Solar Photovoltaic (PV) Market Share, By Application, By Value, 2019–2029

Figure 35     Indonesia Solar Photovoltaic (PV) Market Size, By Value (USD Million), 2019–2029         

Figure 36     Indonesia Solar Photovoltaic (PV) Market Share, By Technology, By Value, 2019–2029 

Figure 37     Indonesia Solar Photovoltaic (PV) Market Share, By Installation, By Value, 2019–2029 

Figure 38     Indonesia Solar Photovoltaic (PV) Market Share, By Grid Type, By Value, 2019–2029 

Figure 39     Indonesia Solar Photovoltaic (PV) Market Share, By Application, By Value, 2019–2029 

Figure 40     Malaysia Solar Photovoltaic (PV) Market Size, By Value (USD Million), 2019–2029         

Figure 41     Malaysia Solar Photovoltaic (PV) Market Share, By Technology, By Value, 2019–2029 

Figure 42     Malaysia Solar Photovoltaic (PV) Market Share, By Installation, By Value, 2019–2029 

Figure 43     Malaysia Solar Photovoltaic (PV) Market Share, By Grid Type, By Value, 2019–2029 

Figure 44     Malaysia Solar Photovoltaic (PV) Market Share, By Application, By Value, 2019–2029 

Figure 45     Singapore Solar Photovoltaic (PV) Market Size, By Value (USD Million), 2019–2029 

Figure 46     Singapore Solar Photovoltaic (PV) Market Share, By Technology, By Value, 2019–2029 

Figure 47     Singapore Solar Photovoltaic (PV) Market Share, By Installation, By Value, 2019–2029 

Figure 48     Singapore Solar Photovoltaic (PV) Market Share, By Grid Type, By Value, 2019–2029 

Figure 49     Singapore Solar Photovoltaic (PV) Market Share, By Application, By Value, 2019–2029 

Figure 50     Vietnam Solar Photovoltaic (PV) Market Size, By Value (USD Million), 2019–2029         

Figure 51     Vietnam Solar Photovoltaic (PV) Market Share, By Technology, By Value, 2019–2029 

Figure 52     Vietnam Solar Photovoltaic (PV) Market Share, By Installation, By Value, 2019–2029 

Figure 53     Vietnam Solar Photovoltaic (PV) Market Share, By Grid Type, By Value, 2019–2029 

Figure 54     Vietnam Solar Photovoltaic (PV) Market Share, By Application, By Value, 2019–2029 

Figure 55     Rest of Asia-Pacific Solar Photovoltaic (PV) Market Size, By Value (USD Million), 2019–2029 

Figure 56     Rest of Asia-Pacific Solar Photovoltaic (PV) Market Share, By Technology, By Value, 2019–2029

Figure 57     Rest of Asia-Pacific Solar Photovoltaic (PV) Market Share, By Installation, By Value, 2019–2029

Figure 58     Rest of Asia-Pacific Solar Photovoltaic (PV) Market Share, By Grid Type, By Value, 2019–2029 

Figure 59     Rest of Asia-Pacific Solar Photovoltaic (PV) Market Share, By Application, By Value, 2019–2029

 

List of Tables

 

Table 1        Asia-Pacific Solar Photovoltaic (PV) Market Size, By Value (USD Million), 2019–2029

Table 2        Asia-Pacific Solar Photovoltaic (PV) Market Size, By Technology, By Value, 2019–2029

Table 3        Asia-Pacific Solar Photovoltaic (PV) Market Size, By Installation, By Value, 2019–2029

Table 4        Asia-Pacific Solar Photovoltaic (PV) Market Size, By Grid Type, By Value, 2019–2029

Table 5        Asia-Pacific Solar Photovoltaic (PV) Market Size, By Application, By Value, 2019–2029

Table 6        Asia-Pacific Solar Photovoltaic (PV) Market Size, By Country, By Value, 2019–2029

Table 7        China Solar Photovoltaic (PV) Market Size, By Value (USD Million), 2019–2029

Table 8        China Solar Photovoltaic (PV) Market Size, By Technology, By Value, 2019–2029

Table 9        China Solar Photovoltaic (PV) Market Size, By Installation, By Value, 2019–2029

Table 10      China Solar Photovoltaic (PV) Market Size, By Grid Type, By Value, 2019–2029

Table 11      China Solar Photovoltaic (PV) Market Size, By Application, By Value, 2019–2029

Table 12      India Solar Photovoltaic (PV) Market Size, By Value (USD Million), 2019–2029

Table 13      India Solar Photovoltaic (PV) Market Size, By Technology, By Value, 2019–2029

Table 14      India Solar Photovoltaic (PV) Market Size, By Installation, By Value, 2019–2029

Table 15      India Solar Photovoltaic (PV) Market Size, By Grid Type, By Value, 2019–2029

Table 16      India Solar Photovoltaic (PV) Market Size, By Application, By Value, 2019–2029

Table 17      Japan Solar Photovoltaic (PV) Market Size, By Value (USD Million), 2019–2029

Table 18      Japan Solar Photovoltaic (PV) Market Size, By Technology, By Value, 2019–2029

Table 19      Japan Solar Photovoltaic (PV) Market Size, By Installation, By Value, 2019–2029

Table 20      Japan Solar Photovoltaic (PV) Market Size, By Grid Type, By Value, 2019–2029

Table 21      Japan Solar Photovoltaic (PV) Market Size, By Application, By Value, 2019–2029

Table 22      South Korea Solar Photovoltaic (PV) Market Size, By Value (USD Million), 2019–2029

Table 23      South Korea Solar Photovoltaic (PV) Market Size, By Technology, By Value, 2019–2029

Table 24      South Korea Solar Photovoltaic (PV) Market Size, By Installation, By Value, 2019–2029

Table 25      South Korea Solar Photovoltaic (PV) Market Size, By Grid Type, By Value, 2019–2029

Table 26      South Korea Solar Photovoltaic (PV) Market Size, By Application, By Value, 2019–2029

Table 27      Australia & New Zealand Solar Photovoltaic (PV) Market Size, By Value (USD Million), 2019–2029

Table 28      Australia & New Zealand Solar Photovoltaic (PV) Market Size, By Technology, By Value, 2019–2029

Table 29      Australia & New Zealand Solar Photovoltaic (PV) Market Size, By Installation, By Value, 2019–2029

Table 30      Australia & New Zealand Solar Photovoltaic (PV) Market Size, By Grid Type, By Value, 2019–2029

Table 31      Australia & New Zealand Solar Photovoltaic (PV) Market Size, By Application, By Value, 2019–2029

Table 32      Indonesia Solar Photovoltaic (PV) Market Size, By Value (USD Million), 2019–2029

Table 33      Indonesia Solar Photovoltaic (PV) Market Size, By Technology, By Value, 2019–2029

Table 34      Indonesia Solar Photovoltaic (PV) Market Size, By Installation, By Value, 2019–2029

Table 35      Indonesia Solar Photovoltaic (PV) Market Size, By Grid Type, By Value, 2019–2029

Table 36      Indonesia Solar Photovoltaic (PV) Market Size, By Application, By Value, 2019–2029

Table 37      Malaysia Solar Photovoltaic (PV) Market Size, By Value (USD Million), 2019–2029

Table 38      Malaysia Solar Photovoltaic (PV) Market Size, By Technology, By Value, 2019–2029

Table 39      Malaysia Solar Photovoltaic (PV) Market Size, By Installation, By Value, 2019–2029

Table 40      Malaysia Solar Photovoltaic (PV) Market Size, By Grid Type, By Value, 2019–2029

Table 41      Malaysia Solar Photovoltaic (PV) Market Size, By Application, By Value, 2019–2029

Table 42      Singapore Solar Photovoltaic (PV) Market Size, By Value (USD Million), 2019–2029

Table 43      Singapore Solar Photovoltaic (PV) Market Size, By Technology, By Value, 2019–2029

Table 44      Singapore Solar Photovoltaic (PV) Market Size, By Installation, By Value, 2019–2029

Table 45      Singapore Solar Photovoltaic (PV) Market Size, By Grid Type, By Value, 2019–2029

Table 46      Singapore Solar Photovoltaic (PV) Market Size, By Application, By Value, 2019–2029

Table 47      Vietnam Solar Photovoltaic (PV) Market Size, By Value (USD Million), 2019–2029

Table 48      Vietnam Solar Photovoltaic (PV) Market Size, By Technology, By Value, 2019–2029

Table 49      Vietnam Solar Photovoltaic (PV) Market Size, By Installation, By Value, 2019–2029

Table 50      Vietnam Solar Photovoltaic (PV) Market Size, By Grid Type, By Value, 2019–2029

Table 51      Vietnam Solar Photovoltaic (PV) Market Size, By Application, By Value, 2019–2029

Table 52      Rest of Asia-Pacific Solar Photovoltaic (PV) Market Size, By Value (USD Million), 2019–2029

Table 53      Rest of Asia-Pacific Solar Photovoltaic (PV) Market Size, By Technology, By Value, 2019–2029

Table 54      Rest of Asia-Pacific Solar Photovoltaic (PV) Market Size, By Installation, By Value, 2019–2029

Table 55      Rest of Asia-Pacific Solar Photovoltaic (PV) Market Size, By Grid Type, By Value, 2019–2029

Table 56      Rest of Asia-Pacific Solar Photovoltaic (PV) Market Size, By Application, By Value, 2019–2029

Table 57           Tata Power Solar Systems Ltd. Company Overview

Table 58           Tata Power Solar Systems Ltd. Financial Overview

Table 59           Canadian Solar Inc. Company Overview

Table 60           Canadian Solar Inc. Financial Overview

Table 61           Wuxi Suntech Pawer Co. Ltd Company Overview

Table 62           Wuxi Suntech Pawer Co. Ltd Financial Overview

Table 63           Nextera Energy Sources LLC Company Overview

Table 64           Nextera Energy Sources LLC Financial Overview

Table 65           BrightSource Energy Inc. Company Overview

Table 66           BrightSource Energy Inc. Financial Overview

Table 67           SunPower Corporation Company Overview

Table 68           SunPower Corporation Financial Overview

Market Segmentation

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Frequently Asked Questions (FAQs):

Ans: Major factors driving the growth of Asia-Pacific Solar Photovoltaic Market include increasing number of off-grid areas and growing investment in solar energy.
Ans: Asia-Pacific Solar Photovoltaic Market size is expected to grow at a CAGR of 10.22% during the forecast between 2023 and 2029.
Ans: The Mono-Si segment is expected to hold the highest market share in the Asia-Pacific Solar Photovoltaic Market by technology.
Ans: The ground-mounted segment is expected to hold a higher market share in Asia-Pacific Solar Photovoltaic Market by installation.
Ans: Key players in Asia-Pacific Solar Photovoltaic Market include Tata Power Solar Systems Ltd., Canadian Solar Inc., Wuxi Suntech Pawer Co. Ltd, Nextera Energy Sources LLC, BrightSource Energy Inc., and SunPower Corporation.