Photovoltaic panel industry analysis paper

Where is the photovoltaic (PV) market developing?

Figure 7. The photovoltaic (PV) market development in China, Germany, Japan and the USA from 1990 to 2017 (Data source: IEA. PVPS. National Survey Report of PV Power Applications). By the end of 2009, the cumulative PV installed capacity in China was only 300 MW.

What is solar photovoltaic (PV) technology?

1. Introduction Solar photovoltaic (PV) technology is clean way of generating electric power directly from solar radiation. Its small to large isolated and grid connected applications have become common in various parts of the world.

What is the growth rate of photovoltaic technology?

The market of photovoltaic technology is rapidly evolving with a Compound Annual Growth Rate (CAGR) equal to 34% between 2010 and 2020. This review presents updated information on the solar PV development from the material, market, and engineering perspectives.

What is a PV panel's efficiency?

A PV panel's efficiency is a measure of the energy converted to electricity out of the total falling on the panel (Al-Nabulsi et al., 2018; Aliyu et al., 2020; Rehman, 2021; Rehman and El-Amin, 2012; Sahin et al., 2017; Sahin and Rehman, 2012; Solar Cell and Panel Efficiencies, 2020).

How efficient are PV panels & arrays?

In reality, the PV panels and arrays efficiencies are lower than those in real applications. Among other promising but still developing technologies is the perovskites cell, with a laboratory-scale efficiency of 23.3%. The real cost of PV systems are challenging to estimate.

What is the US photovoltaics industry roadmap?

The “U.S. Photovoltaics Industry Roadmap”, which was refined in December 2000 and updated in 2004, unifies the long-term (2000–2020) strategies and goals for the PV industry in the country (Farris and Industries, 2003; IEA, 2018).