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Asia Pacific On Grid Solar PV Market Share

Report ID: GMI8871
Published Date: Apr 2024
Report Format: PDF

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Asia Pacific On Grid Solar PV Market Share

Asia Pacific On Grid Solar PV Company Market Share

Trina Solar, Canadian Solar, JA SOLAR Technology Co., Ltd., Jinko Solar, First Solar and Havells India Ltd. hold majority of the industry share. Collaborations often focus on technology transfer, capacity building, policy development, and market expansion initiatives. Public-private partnerships (PPPs) facilitate joint investments in on-grid solar PV projects, leveraging the strengths of both public and private sectors to overcome financing, regulatory, and technical challenges. Therefore, these partnerships enable full potential of solar energy to meet the region's growing energy demand sustainably.

Asia Pacific On Grid Solar PV Market Companies

Major key players operating across the on-grid solar PV industry include:

Amplus Solar
Canadian Solar
First Solar
Havells India Ltd.
Indosolar
JA SOLAR Technology Co., Ltd
JinkoSolar
LONGi
LOOM SOLAR PVT. LTD.
Rays Power Infra
RISEN ENERGY Co., LTD
Sunova Solar
Trina Solar

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

Asia Pacific market size for on-grid solar PV was reached USD 71.5 billion in 2023 and will exhibit a 4% CAGR from 2024 and 2032, attributed to rising energy demands, coupled with efforts to reduce carbon emissions and declining costs of solar technology.

Asia Pacific utility-scale grid solar PV market is anticipated to exceed USD 56 billion by 2032, owing to the increasing focus on large-scale solar projects to meet growing energy demands sustainably in the region.

China on-grid solar PV industry size will register USD 51 billion by 2032, fueled by the massive investments in solar energy infrastructure and its ambitious renewable energy targets.

Prominent Asia Pacific on-grid solar PV market players are Amplus Solar, Canadian Solar, First Solar, Havells India Ltd., Indosolar, JA SOLAR Technology Co., Ltd, JinkoSolar, LONGi, LOOM SOLAR PVT. LTD., Rays Power Infra, RISEN ENERGY Co., LTD, Sunova Solar, Trina Solar among others.