This research service analyzes the market trends, installed capacity, revenue distribution, competitive structure, key policies and regulations, market share analysis and customer analysis for the solar photovoltaic (PV) systems market in the Asia Pacific region. Geographies covered includes North Asia - Japan, South Korea and Taiwan, Southeast Asia - Malaysia, Indonesia, Singapore, Thailand, The Philippines, Vietnam, and Rest of Southeast Asia, and ANZ - Australia and New Zealand. Installed capacity analysis includes both grid connected and off-grid installations. The research period is from 2007 to 2017 with base year as 2010, and forecast period from 2011 to 2017.

High Reliance on Government Support Impedes Development

Solar PV systems market growth is heavily dependent on government policies in terms of tax benefits, rebates, feed-in-tariff schemes and other funding programmes because of the high capital cost amongst the various renewable energy technologies. Lack or withdrawal of such policies significantly limits market expansion. Besides, ambiguous guidelines dissuades prospective project developers and interested customers. The current pace of growth is still not sufficient to sustain itself in the long term. However, rapid decline in module costs would enable the solar PV systems to generate power cheaper than the grid in many parts of the world.

Lack of Credit Delays Timely Completion of Solar Power Plants

Installing a centralized solar power plant is highly capital-intensive and timely availability of funds plays a major role in its execution. Weak economic conditions that prevailed as a result of the global economic downturn during the historic period affected the financial closure of large-scale solar projects and reduced demand from customers. Local commercial banks are reluctant to take risks associated with large-scale solar power projects because of the low industry track record in this region. However, the impact of this challenge is likely to become low during the long term of the forecast period as banks such as Asian Development Bank (ADB) has committed to finance renewable energy projects through loans, grants and technical assistance in the Asia Pacific region.

Bureaucratic Processes Stifle Solar PV Deployment

Unlike European markets, many countries in the Asia Pacific region have not been able to make a steady progress in solar PV installations during the historic period because of bureaucratic processes in getting the required approvals and permits from several government agencies. Timely information dissemination from the government about the solar radiation potential in different parts of the country, existing approval procedures, and other technical guidelines play a major role in promoting interest in the market. Regular media mentions, conducting seminars, tradeshows and public outreach programs about the potential benefits of the technology would educate the key stakeholders and increase awareness especially in rural areas.

TABLE OF CONTENTS

Executive Summary                        
Introduction                            
Research Objectives and Scope         
Methodology                            
Market Segmentation                       
Key Industry Challenges                  
Key Market Drivers and Restraints        
Installed Capacity Forecasts              
Revenue Forecasts                        
Key Findings                               

Total Asia Pacific Solar PV Systems Market 
Top 10 Global Energy Trends in 2020      
Market Definition and Segmentation        
Market Snapshot                          
Industry Challenges                        
Market Drivers                           
Market Restraints                        
Revenue Forecasts                         
Regional Analysis                           
Renewable Energy Policy Targets
Ranking of Market Attractiveness
Revenue Trends by Customer
Revenue Trends by Application
Competitive Analysis
Distribution Analysis
Pricing Analysis for Panels
Cost Component Analysis

Solar PV Systems Market in North Asia           
Market Overview                                     
Market Engineering Measurements                    
Policies and Regulations                            
Revenue Forecasts                                   
Revenue Forecasts by Country                         
Revenue Trends by Project Output Capacity            
Revenue Trends by Technology Type                    
Competitive Analysis                              

Solar PV Systems Market in Southeast Asia  
Market Overview              
Market Engineering Measurements      
Policies and Regulations                  
Revenue Forecasts                       
Revenue Forecasts by Country          
Revenue Trends by Project Output Capacity  
Revenue Trends by Technology Type        
Competitive Analysis                       

Solar PV Systems Market in ANZ          
Market Overview                           
Market Engineering Measurements        
Policies and Regulations                 
Revenue Forecasts                    
Revenue Forecasts by Country          
Revenue Trends by Project Output Capacity  
Revenue Trends by Technology Type         
Competitive Analysis                     

Appendix                    
Abbreviations                
Glossary of Terms            
Decision Support Database    
  
LIST OF FIGURES

Total Solar PV Systems Market: Impact of Top Five Industry Challenges (Asia Pacific), 2011-2017             32

Total Solar PV Systems Market: Market Drivers Ranked in Order of Impact (Asia Pacific), 2011-2017           35

Total Solar PV Systems Market: Key Policies (Asia Pacific), 2010                                            36

Total Solar PV Systems Market: Electrification Rate in Key Countries (Asia Pacific), 2010                   37

Total Solar PV Systems Market: Retail Electricity Price in Japan (Asia Pacific), 2010                       38

Total Solar PV Systems Market: Market Restraints Ranked in Order of Impact (Asia Pacific), 2011-2017        39

Total Solar PV Systems Market: Total Installed Capacity, Annual Capacity Additions, and Revenue Forecasts
                                                                                                            42
(Asia Pacific), 2007-2017

Total Solar PV Systems Market: Installed Capacity Forecasts by Region (Asia Pacific), 2007-2017             46

Total Solar PV Systems Market: Revenue Forecasts by Region (Asia Pacific), 2007-2017                        48

Total Solar PV Systems Market: Renewable Energy Policy Targets (Asia Pacific), 2010                         52

Total Solar PV Systems Market: Revenue Trends by Customer (Asia Pacific), 2010                              54

Total Solar PV Systems Market: Revenue Trends by Application (Asia Pacific), 2010                           56

Total Solar PV Systems Market: Competitive Structure (Asia Pacific), 2010                                   58

Total Solar PV Systems Market: Pricing Analysis (Asia Pacific), 2010                                        62

Total Solar PV Systems Market: Cost Component Analysis (Asia Pacific), 2010                                             63


Solar PV Systems Market: Total Installed Capacity, Annual Capacity Additions, and Revenue Forecasts (North Asia)


Solar PV Systems Market: Revenue Forecasts by Country (North Asia), 2007-2017                                           76

Solar PV Systems Market: Revenue Trends by Project Output Capacity (North Asia), 2010                                   81

Solar PV Systems Market: Revenue Trends by Technology Type (North Asia), 2010                                           82

Solar PV Systems Market: Competitive Structure (North Asia), 2010                                                       83

Solar PV Systems Market: Status of Feed-in-Tariff (Southeast Asia), 2010                                                91

Solar PV Systems Market: Total Installed Capacity, Annual Capacity Additions, and Revenue Forecasts (Southeast Asia),
                                                                                                                        96
2007-2017

Solar PV Systems Market: Revenue Forecasts by Country (Southeast Asia), 2007-2017                                       99

Solar PV Systems Market: Revenue Trends by Project Output Capacity (Southeast Asia), 2010                               107

Solar PV Systems Market: Revenue Trends by Technology Type (Southeast Asia), 2010                                       109

Solar PV Systems Market: Competitive Structure (Southeast Asia), 2010                                                   111

Solar PV Systems Market: Total Installed Capacity, Annual Capacity Additions, and Revenue Forecasts (ANZ), 2007-2017    123

Solar PV Systems Market: Revenue Forecasts by Country (ANZ), 2007-2017                                                  126

Solar PV Systems Market: Revenue Trends by Project Output Capacity (ANZ), 2010                            129

Solar PV Systems Market: Revenue Trends by Technology Type (ANZ), 2010                                    130

Solar PV Systems Market: Competitive Structure (ANZ), 2010                                                131

Decision Support Database: Nominal GDP (Asia Pacific), 2004-2014                                          139

Decision Support Database: Electricity Generation in Billion kWh (Asia Pacific), 2004-2014                140

Decision Support Database: Total Electricity Installed Capacity in Million kW (Asia Pacific), 2004-2014   141

Decision Support Database: Demand Growth of Electricity Consumption (Asia Pacific), 2004-2014             142

Total Solar PV Systems Market: Market Segmentation (Asia Pacific), 2010                           19

Total Solar PV Systems Market: Key Industry Challenges (Asia Pacific), 2011-2017                  20

Total Solar PV Systems Market: Key Market Drivers and Restraints (Asia Pacific), 2011-2017        21

Total Solar PV Systems Market: Installed Capacity (Asia Pacific), 2010 and 2017                   22

Total Solar PV Systems Market: Revenue Forecasts (Asia Pacific), 2010 and 2017                    23

Total Solar PV Systems Market: Market Definition and Segments (Asia Pacific), 2010                28

Total Solar PV Systems Market: Application of Solar PV Systems (Asia Pacific), 2010               29

Total Solar PV Systems Market: Market Snapshot (Asia Pacific), 2010-2017                          30

Total Solar PV Systems Market: Industry Challenges (Asia Pacific), 2011-2017                      31

Total Solar PV Systems Market: Revenue Forecasts (Asia Pacific), 2007-2017                        43

Total Solar PV Systems Market: Market Lifecycle Analysis by Region (Asia Pacific), 2010           45

Total Solar PV Systems Market: Installed Capacity Forecasts by Region (Asia Pacific), 2007-2017   47

Total Solar PV Systems Market: Revenue Forecasts by Region (Asia Pacific), 2007-2017              49

Total Solar PV Systems Market: Revenue Trends by Customer (Asia Pacific), 2010                    54

Total Solar PV Systems Market: Revenue Trends by Application (Asia Pacific), 2010                 56

Total Solar PV Systems Market: Competitive Forces (Asia Pacific), 2010                            59

Total Solar PV Systems Market: Tier Market Share by Revenues (Asia Pacific), 2010           60

Total Solar PV Systems Market: Distribution Analysis (Asia Pacific), 2010                   61

Total Solar PV Systems Market: Cost Component Analysis (Asia Pacific), 2010                 63

Solar PV Systems Market: Market Lifecycle (North Asia), 2010 and 2017                       65

Solar PV Systems Market: Market Engineering Measurements (North Asia), 2010                 66

Solar PV Systems Market: Revenue Forecasts (North Asia), 2007-2017                          74

Solar PV Systems Market: Revenue Forecasts by Country (North Asia), 2007-2017               77

Solar PV Systems Market: Revenue Trends by Project Output Capacity (North Asia), 2010       81

Solar PV Systems Market: Revenue Trends by Technology Type (North Asia), 2010               82

Solar PV Systems Market: Competitive Forces (North Asia), 2010                              84

Solar PV Systems Market: Tier Market Share by Revenues (North Asia), 2010                   85

Solar PV Systems Market: Market Lifecycle (Southeast Asia), 2010 and 2017                   88

Solar PV Systems Market: Market Engineering Measurements (Southeast Asia), 2010             89

Solar PV Systems Market: Revenue Forecasts (Southeast Asia), 2007-2017                      97

Solar PV Systems Market: Revenue Forecasts by Country (Southeast Asia), 2007-2017           100

Solar PV Systems Market: Revenue Trends by Project Output Capacity (Southeast Asia), 2010   107

Solar PV Systems Market: Revenue Trends by Technology Type (Southeast Asia), 2010   109

Solar PV Systems Market: Competitive Forces (Southeast Asia), 2010                  112

Solar PV Systems Market: Tier Market Share by Revenues (Southeast Asia), 2010       113

Solar PV Systems Market: Market Lifecycle (ANZ), 2010 and 2017                      116

Solar PV Systems Market: Market Engineering Measurements (ANZ), 2010                117

Solar PV Systems Market: Revenue Forecasts (ANZ), 2007-2017                         124

Solar PV Systems Market: Revenue Forecasts by Country (ANZ), 2007-2017              127

Solar PV Systems Market: Revenue Trends by Project Output Capacity (ANZ), 2010      129

Solar PV Systems Market: Revenue Trends by Technology Type (ANZ), 2010              130

Solar PV Systems Market: Competitive Forces (ANZ), 2010                             132

Solar PV Systems Market: Tier Market Share by Revenues (ANZ), 2010                  133