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Distributed Solar PV Market Size Is Estimated To Exceed USD 150 Billion By 2023
Xiamen Sunforson Power Co.,Ltd | Updated: Feb 08, 2018

DPV systems with production capacity of 100 kilowatts and less are likely to account for more than 30% of the total installation over the forecast period. Distributed solar PV production capacity was valued at 13.2 Giga watts in 2014 and it is estimated to exceed 17 Giga watts by 2023.  


Systems with 100 kilo watt capacity are likely to exceed 60% of the installation in 2015 when compared to forecasted 50%. In UK Feed-in tariffs (FiT) was first introduced at high rates and valued up to USD 0.61 as generation charges along with additional charges for exported  electricity. Large number of free solar companies were established and offered free installation of PV systems for household usage by leasing their tops for the firms receiving FiT along with the household receiving free electricity. 


The three major factors driving PV industry with less than 100 KW capacity includes social housing schemes, new-build housing and private installations.  Key industry participants occupying major distributed solar PV market share include Neo Solar Power (NSP), Gintech, Longi, Comtec, Trina Solar, Yingli, Canadial Solar, Jinko Solar, JA Solar, Sharp Solar, Zhonghuan, Renesola, First Solar, Hanwah SolarOne, SubPower, Kyocera, Solargiga and Jinglong among others.  


As a solar mounting system designer and manufacturer, we can offer you the tailor-made solution with the drawing and quotation for the roof solar mounting, ground solar mount and solar carport mounting bracket. So please feel free to contact us for any solar mounting project via mail: info@sunforson.com.

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