The report, now available on ASDReports, recognizes the following companies as the key players in the solar PV systems market in Asia: Canadian Solar, Hanwha Group, JA SOLAR, JinkoSolar, and Trina Solar.
Commenting on the report, an analyst said: “One trend in the market is growing focus on self-consumption. The increasing adoption of distributed energy generation is due to the growing need for uninterrupted and reliable power supply in developed countries and the focus on increasing the rate of electrification in developing countries.”
According to the report, one driver in the market is need to increase access to energy. Technavio’s market research analysts have identified the need to increase access to energy as one of the primary factors that will trigger the growth of the solar PV systems market in Asia during the next few years.
Further, the report states that one challenge in the market is intermittency of solar power. The cost of solar power modules has declined year-over-year, which has increased the adoption of solar PV systems. However, solar power is intermittent in nature.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Read more in ASDReports!
Source: ASDReports - Market Research
Date: May 16, 2018