Albany, NY -- (SBWIRE) -- 02/21/2019 -- A grid connected photovoltaic power system is a solar PV system connected to utility grid that generates electricity using solar power. A grid connected PV system comprises solar panels, a power conditioning unit, grid connection equipment, and one or many inverters. These systems can range from commercial rooftop systems and small residential units to large utility-scale solar power stations. Unlike standalone solar power equipment, grid connected systems seldom constitute any integrated battery solutions. During favorable conditions, a grid connected PV system supplies superfluous power to the utility, beyond what is required for consumption of the connected load.

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Solar PV systems installed at home are connected to home appliances, meters, and the grid. Residential consumers opt for grid connections over off-grid connections as they are capable of functioning without batteries and other standalone equipment. The cost-effectiveness and ease of maintenance will increase the adoption and installation of grid connections. Technavios market study identifies the advantages associated with grid-connected PV systems to be one of the primary growth factors for the grid-connected PV systems market. Solar PV systems can easily generate more electricity than the consumption requirement, while feeding the excess electricity onto the grid. The renewability of solar power reduces the dependence and utilization of fossil fuels in power plants, while reducing the cost.
The Grid Connected PV Systems market was valued at xx Million US$ in 2018 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Grid Connected PV Systems.

This report presents the worldwide Grid Connected PV Systems market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

The following manufacturers are covered in this report:
Canadian Solar
Hanwha Group
Huawei Technologies
JA SOLAR
JinkoSolar
Trina Solar

Grid Connected PV Systems Breakdown Data by Type
Solar Panels
Power Conditioning Unit
Grid Connection Equipment
Inverters
Grid Connected PV Systems Breakdown Data by Application
Residential
Non-Residential

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Grid Connected PV Systems Production by Region
United States
Europe
China
Japan
Other Regions

Grid Connected PV Systems Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa

The study objectives are:
To analyze and research the global Grid Connected PV Systems status and future forecastinvolving, production, revenue, consumption, historical and forecast.
To present the key Grid Connected PV Systems manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

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In this study, the years considered to estimate the market size of Grid Connected PV Systems :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025

This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Grid Connected PV Systems market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.

For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.

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