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Asia Pacific Residential Solar PV Module Market Share

  • Report ID: GMI11478
  • Published Date: Sep 2024
  • Report Format: PDF

Asia Pacific Residential Solar PV Module Market Share

The competitive landscape of the residential solar market in Asia Pacific is shaped by a range of global and local companies, government policies, and growing demand for clean energy. Companies including JinkoSolar, Trina Solar, and LONGi Solar dominate the market, offering competitive pricing, advanced technology, and strong distribution networks. Local companies such as Suntech, Tata Power Solar and Hanwha Q CELLS are also major contributors, primarily due to regional government support and strong customer bases. Further, startups are focusing on energy storage and smart solar solutions are entering the market, while the larger players continue to engage in mergers or acquisitions to expand their portfolio and customer base.
 

Asia Pacific Residential Solar PV Module Market Companies

Eminent players operating in the Asia Pacific residential solar PV module industry 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
Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The Asia Pacific market for residential solar PV module was worth over USD 29.6 billion in 2023 and is anticipated to grow at a CAGR of 3.7% through 2032.

The on-grid segment is expected to surpass USD 31 billion by 2032. It offers cost-saving and economic benefits, allowing homeowners to feed excess electricity back into the grid, reducing utility bills through net metering programs.

The ground-mounted segment is projected to grow at over 11% CAGR through 2032. It offers flexibility to install larger solar arrays, allowing homeowners to generate more energy and achieve energy independence.

The China market for residential solar PV module is set to cross over USD 31.5 billion by 2032, due to aggressive policy support, technological advancements, and a focus on reducing electricity costs and air pollution.

Prominent players include Trina Solar, JA Solar, Canadian Solar, Amplus Solar, First Solar, and LONGi.

Asia Pacific Residential Solar PV Module Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 13
  • Tables & Figures: 20
  • Countries covered: 5
  • Pages: 100
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