The global solar photovoltaic panels market is expected to grow at a CAGR of 8.5% during the forecast period, from 2021 to 2030. The growth in this market is driven by the increasing demand for renewable energy sources and government initiatives for promoting clean energy. The residential segment accounted for the largest share of the global solar photovoltaic panels market in 2018, followed by commercial and industrial segments. North America was the leading region in terms of revenue contribution in 2018, followed by Europe and Asia Pacific.
Some Of The Growth Factors Of This Market:
- The cost of solar panels has decreased significantly in recent years, making them more affordable for consumers.
- Solar panels are a renewable energy source that does not produce any emissions or pollutants, which is beneficial to the environment and human health.
- Solar panels can be installed on rooftops or in large fields to generate electricity for homes and businesses, which reduces dependence on fossil fuels and helps reduce greenhouse gas emissions from power plants.
- The government offers tax credits for installing solar panels as well as other incentives such as net metering programs that allow homeowners to sell excess electricity back to the grid at retail rates, which makes it easier for consumers to afford solar panel installation costs upfront without having to wait until they recoup their investment through savings on their electric bill over time.
- There are many different types of solar panel technologies available today with varying degrees of efficiency and durability, so there is a type of panel that will work best for each individual's needs depending on factors such as how much sunlight they receive where they live and how much money they want to spend upfront versus waiting until later when the cost will be lower due to increased efficiency over time.
Industry Growth Insights published a new data on “Solar Photovoltaic Panels Market”. The research report is titled “Solar Photovoltaic Panels Market research by Types (Thin Film Solar PV, Crystalline Silicon Solar PV, Organic PV, Concentrated PV), By Applications (Commercial, Industrial, Residential), By Players/Companies First Solar Inc., Canadian Solar Inc., Sharp Corporation, Solar World Ag, Schott Solar Ag., Jinko Solar Holding Company Ltd., Corporation, Solar Frontier Ltd., JA SOLAR Co.,Ltd., Suntech Power Holding Co. Ltd., Sun Power Corporation, Trina Solar Ltd”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Solar Photovoltaic Panels Market Research Report
By Type
Thin Film Solar PV, Crystalline Silicon Solar PV, Organic PV, Concentrated PV
By Application
Commercial, Industrial, Residential
By Companies
First Solar Inc., Canadian Solar Inc., Sharp Corporation, Solar World Ag, Schott Solar Ag., Jinko Solar Holding Company Ltd., Corporation, Solar Frontier Ltd., JA SOLAR Co.,Ltd., Suntech Power Holding Co. Ltd., Sun Power Corporation, Trina Solar Ltd
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Solar Photovoltaic Panels Market Report Segments:
The global Solar Photovoltaic Panels market is segmented on the basis of:
Types
Thin Film Solar PV, Crystalline Silicon Solar PV, Organic PV, Concentrated PV
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial, Industrial, Residential
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- First Solar Inc.
- Canadian Solar Inc.
- Sharp Corporation
- Solar World Ag
- Schott Solar Ag.
- Jinko Solar Holding Company Ltd.
- Corporation
- Solar Frontier Ltd.
- JA SOLAR Co.,Ltd.
- Suntech Power Holding Co. Ltd.
- Sun Power Corporation
- Trina Solar Ltd
Highlights of The Solar Photovoltaic Panels Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Thin Film Solar PV
- Crystalline Silicon Solar PV
- Organic PV
- Concentrated PV
- By Application:
- Commercial
- Industrial
- Residential
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Solar Photovoltaic Panels Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Solar photovoltaic panels are a type of solar energy system that converts sunlight into electricity. Solar panels use cells made from thin sheets of silicon or other materials to capture and convert the sun's energy into electrical current.
Some of the key players operating in the solar photovoltaic panels market are First Solar Inc., Canadian Solar Inc., Sharp Corporation, Solar World Ag, Schott Solar Ag., Jinko Solar Holding Company Ltd., Corporation, Solar Frontier Ltd., JA SOLAR Co.,Ltd., Suntech Power Holding Co. Ltd., Sun Power Corporation, Trina Solar Ltd.
The solar photovoltaic panels market is expected to grow at a compound annual growth rate of 8.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Solar Photovoltaic Panels Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Solar Photovoltaic Panels Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Solar Photovoltaic Panels Market - Supply Chain
4.5. Global Solar Photovoltaic Panels Market Forecast
4.5.1. Solar Photovoltaic Panels Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Solar Photovoltaic Panels Market Size (000 Units) and Y-o-Y Growth
4.5.3. Solar Photovoltaic Panels Market Absolute $ Opportunity
5. Global Solar Photovoltaic Panels Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Solar Photovoltaic Panels Market Size and Volume Forecast by Type
5.3.1. Thin Film Solar PV
5.3.2. Crystalline Silicon Solar PV
5.3.3. Organic PV
5.3.4. Concentrated PV
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Solar Photovoltaic Panels Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Solar Photovoltaic Panels Market Size and Volume Forecast by Application
6.3.1. Commercial
6.3.2. Industrial
6.3.3. Residential
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Solar Photovoltaic Panels Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Solar Photovoltaic Panels Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Solar Photovoltaic Panels Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Solar Photovoltaic Panels Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Solar Photovoltaic Panels Demand Share Forecast, 2019-2026
9. North America Solar Photovoltaic Panels Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Solar Photovoltaic Panels Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Solar Photovoltaic Panels Market Size and Volume Forecast by Application
9.4.1. Commercial
9.4.2. Industrial
9.4.3. Residential
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Solar Photovoltaic Panels Market Size and Volume Forecast by Type
9.7.1. Thin Film Solar PV
9.7.2. Crystalline Silicon Solar PV
9.7.3. Organic PV
9.7.4. Concentrated PV
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Solar Photovoltaic Panels Demand Share Forecast, 2019-2026
10. Latin America Solar Photovoltaic Panels Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Solar Photovoltaic Panels Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Solar Photovoltaic Panels Market Size and Volume Forecast by Application
10.4.1. Commercial
10.4.2. Industrial
10.4.3. Residential
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Solar Photovoltaic Panels Market Size and Volume Forecast by Type
10.7.1. Thin Film Solar PV
10.7.2. Crystalline Silicon Solar PV
10.7.3. Organic PV
10.7.4. Concentrated PV
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Solar Photovoltaic Panels Demand Share Forecast, 2019-2026
11. Europe Solar Photovoltaic Panels Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Solar Photovoltaic Panels Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Solar Photovoltaic Panels Market Size and Volume Forecast by Application
11.4.1. Commercial
11.4.2. Industrial
11.4.3. Residential
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Solar Photovoltaic Panels Market Size and Volume Forecast by Type
11.7.1. Thin Film Solar PV
11.7.2. Crystalline Silicon Solar PV
11.7.3. Organic PV
11.7.4. Concentrated PV
11.8. Basis Point Share (BPS) Analyss by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Solar Photovoltaic Panels Demand Share, 2019-2026
12. Asia Pacific Solar Photovoltaic Panels Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Solar Photovoltaic Panels Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Solar Photovoltaic Panels Market Size and Volume Forecast by Application
12.4.1. Commercial
12.4.2. Industrial
12.4.3. Residential
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Solar Photovoltaic Panels Market Size and Volume Forecast by Type
12.7.1. Thin Film Solar PV
12.7.2. Crystalline Silicon Solar PV
12.7.3. Organic PV
12.7.4. Concentrated PV
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Solar Photovoltaic Panels Demand Share, 2019-2026
13. Middle East & Africa Solar Photovoltaic Panels Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Solar Photovoltaic Panels Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Solar Photovoltaic Panels Market Size and Volume Forecast by Application
13.4.1. Commercial
13.4.2. Industrial
13.4.3. Residential
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Solar Photovoltaic Panels Market Size and Volume Forecast by Type
13.7.1. Thin Film Solar PV
13.7.2. Crystalline Silicon Solar PV
13.7.3. Organic PV
13.7.4. Concentrated PV
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Solar Photovoltaic Panels Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Solar Photovoltaic Panels Market: Market Share Analysis
14.2. Solar Photovoltaic Panels Distributors and Customers
14.3. Solar Photovoltaic Panels Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. First Solar Inc.
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Canadian Solar Inc.
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Sharp Corporation
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Solar World Ag
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Schott Solar Ag.
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Jinko Solar Holding Company Ltd.
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Corporation
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Solar Frontier Ltd.
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. JA SOLAR Co.,Ltd.
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Suntech Power Holding Co. Ltd.
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Sun Power Corporation
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Trina Solar Ltd
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
