South Korea Solar Pv Panels Market Size & Outlook
South Korea solar pv panels market, 2018-2030 (US$M)
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South Korea solar pv panels market highlights
- The South Korea solar pv panels market generated a revenue of USD 7,467.9 million in 2023 and is expected to reach USD 12,948.1 million by 2030.
- The South Korea market is expected to grow at a CAGR of 8.2% from 2024 to 2030.
- In terms of segment, thin film was the largest revenue generating technology in 2023.
- Thin Film is the most lucrative technology segment registering the fastest growth during the forecast period.
Solar pv panels market data book summary
| Market revenue in 2023 | USD 7,467.9 million |
| Market revenue in 2030 | USD 12,948.1 million |
| Growth rate | 8.2% (CAGR from 2023 to 2030) |
| Largest segment | Thin film |
| Fastest growing segment | Thin Film |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Thin Film, Crystalline Silicon |
| Key market players worldwide | JinkoSolar Holding Co Ltd DR, Canadian Solar Inc, Hanwha, GCL Technology Holdings Ltd, First Solar Inc, SunPower Corp |
Other key industry trends
- In terms of revenue, South Korea accounted for 4.4% of the global solar pv panels market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China solar pv panels market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 13,685.2 million by 2030.
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Solar PV Panels Market Scope
Solar PV Panels Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea solar pv panels market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to solar pv panels market will help companies and investors design strategic landscapes.
Thin film was the largest segment with a revenue share of 44.95% in 2023. Horizon Databook has segmented the South Korea solar pv panels market based on thin film, crystalline silicon covering the revenue growth of each sub-segment from 2018 to 2030.
South Korea accounted for the highest market share in APAC and is projected to grow at a CAGR of 8.15% over the forecast period, in terms of revenue. By the end of 2020, the country’s cumulative PV capacity exceeded by 15 GW.
Notable solar panel companies present in the country include S-ENERGY CO., LTD. and Hansol Technics. Recently, the researchers have created the first fully transparent solar panel in the hope that it will lead to a wider rollout of solar energy usage in domestic settings.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea solar pv panels market , including forecasts for subscribers. This country databook contains high-level insights into South Korea solar pv panels market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea solar pv panels market size, by technology, 2018-2030 (US$M)
South Korea Solar PV Panels Market Outlook Share, 2023 & 2030 (US$M)
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