Solar PV Balance of System - Global Market Size, Technology Review, Cost Analysis, and Key Country Analysis to 2020 research report, now available with RnRMarketResearch.com, says the worldwide solar photovoltaic (PV) balance of systems (BOS) market will decline by $10 billion by 2020.
The report "Solar PV Balance of System - Global Market Size, Technology Review, Cost Analysis, and Key Country Analysis to 2020" provides in depth analysis on global solar PV BOS market. The report also provides solar PV BOS market analysis of key countries including the US, Canada, Germany, UK, India, and China. The global solar photovoltaic (PV) balance of system (BOS) market will decline in value from an estimated $34.9 billion in 2014 to $24.9 billion by 2020, due to falling BOS costs and the slow increase in global annual capacity additions.
This latest solar PV BOS industry report indicates that while developed markets, such as the US, UK and Germany, will be the main contributors to this decline, some emerging countries, led by China, will witness growth over the forecast period. The research provides historical and forecast data to 2020 for installed capacity, overall BOS cost, and BOS market size. The report also provides the historic and present costs and market sizes of major hardware components. Additionally, the report provides the major trends in the BOS market in each of the key countries.
The largest drop will occur in the US, where the solar PV BOS market value will more than half, from $6.7 billion in 2014 to $3.3 billion by 2020. By contrast, China's BOS market value will expand from $6.8 billion in 2014 to $8.2 billion by 2020, cementing its position as the world's leader in this space.
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