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Global Solar Panels Market is segmented By Technology (Solar PV, CSP), By Module Type (Crystalline, Thin Film, Parabolic Troughs, Linear Fresnel Reflectors, Power Towers, Parabolic Dishes) By Application (Residential, Commercial, Power Plants, Off Grid), Region (North America, Europe, Asia-Pacific and Rest of World).Global Solar Panels Market Highlights:
Global Solar Panels Market Growth is attributed to factors such as Increased Favor Towards Renewable Energy. The increased installations of solar panel systems are expected to spur the expansion of the market in the upcoming period.
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The notable companies shaping the solar panel market studied are:
Canadian Solar Inc. (Canada), Trina Solar Limited (China), Jinko Solar Holding Co., Ltd. (China), Hanwha Q CELLS Co., Ltd., (South Korea), Yingli Solar (China), JA Solar Holdings Co., Ltd. (China), SunPower Corporation (U.S.A), ABROS green GmbH (Germany), Abengoa Solar (Spain) and eSolar, Inc. (U.S.A).
Furthermore, government initiatives are expected to aid in the development of the solar panel market additionally. The amplifying levels of investments being channeled into the solar panel market by leaders are expected to boost the growth of the market in the forecast period.
The search for alternative energy sources has amplified the reliance on energy generation methods such as solar panels. Reports that evaluate the energy and power industry have been made available by Market Research Future which creates reports on several industry verticals that review the market growth and prospects. The market is estimated to expand with a 20.18% CAGR roughly in the course of the forecast period.
Segmental Analysis
The analysis of the segments of the solar panel market has been carried out on the basis of technology, module type, application, and region. Based on technology, the solar panel market is segmented into solar PV and CSP. On the basis of module type, the solar panel market has been segmented into thin film, crystalline, linear fresnel reflectors, parabolic troughs, parabolic dishes, and power towers. Based on the application, the solar panel market has been segmented into residential, power plants, commercial and off-grid. The regions counted in the solar power market are Europe, North America, Asia-Pacific and the Rest of the World.
Detailed Regional Analysis
The regional analysis of the solar panel market comprises of regions such as Europe, North America, Asia-Pacific and the Rest of the World. The Asia Pacific region is a major solar power market, followed by the European and the North American region. China single-handedly shares approximately 44% of the new solar PV capacity. Spain had the position of the global leader in existing CSP capacity, with 2.3 GW till the finish of 2016, followed by the United States with about 1.7 GW. These two nations nonetheless still accounted for over 80% of the global installed capacity. The rest of the world region which comprises of the Middle East, Brazil, and Israel; are getting consideration from the major players of the PV and the CSP market because of the potential that these regions control.
Competitive Analysis
The evolution of the market is chiefly due to the reductions in profile-raising and miscellaneous expenses. A strengthened growth pace is observed in the market due to the productive effect exerted both externally and internally by key driving factors. The competency of the market is bolstered by the reconditioned nature of the assets existing in the market. The market is anticipated to achieve an unequivocal lead in the market place credited to amended strategies in specific areas. Also, the deals being devised in the market are presumed to inspire the expansion of the market in the approaching years. The absorbed charges in the market are easily dealt with, freeing up more resources for the progress in the market. The firms operating in the market are insistently dealing with the deterrents to growth and are making approaches that are likely to influence a beneficial consequence with regards to the market's advancement.
Industry Updates:
Mar 2019 Tesla, a leading Electric car maker is setting up a solar array on top of a Frederick County landfill. The Frederick News-Post states that the solar panels will produce up to 1.9 megawatts of power. The power generated is likely to be enough to power about ten county buildings, around 20 percent of the county’s overall requirement. The array will augment the county’s use of renewable energy in the coming years.
Table Of Contents:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
Continued…
List Of Tables:
TABLE 1 MARKET SYNOPSIS 12
TABLE 2 GLOBAL SOLAR PANELS MARKET, BY TECHNOLOGY, 2016 (%) 31
TABLE 3 GLOBAL SOLAR PANELS MARKET, BY TECHNOLOGY, 2015-2023 (USD MILLION) 32
TABLE 4 GLOBAL SOLAR PANELS MARKET, BY MODULE TYPE, 2015-2023 (USD MILLION) 36
TABLE 5 GLOBAL SOLAR PANELS MARKET, BY APPLICATION, 2015-2023 (USD MILLION) 41
TABLE 6 ASIA PACIFIC : GLOBAL SOLAR PANELS MARKET, BY COUNTRY, 2015-2023 (USD MILLION) 47
TABLE 7 ASIA PACIFIC : GLOBAL SOLAR PANELS MARKET, BY TECHNOLOGY, 2015-2023 (USD MILLION) 47
TABLE 8 ASIA PACIFIC : GLOBAL SOLAR PANELS MARKET, BY MODULE TPE, 2015-2023 (USD MILLION) 48
TABLE 9 ASIA PACIFIC : GLOBAL SOLAR PANELS MARKET, BY APPLICATION, 2015-2023 (USD MILLION) 48
Continued…
List Of Figures:
FIGURE 1 RESEARCH PROCESS OF MRFR 15
FIGURE 2 TOP DOWN & BOTTOM UP APPROACH 17
FIGURE 3 FORECAST MODEL FOR SOLAR PANELS 18
FIGURE 4 DRIVERS, RESTRAINTS, AND OPPORTUNITIES OF GLOBAL SOLAR PANELS MARKET 19
FIGURE 5 GLOBAL TRENDS IN RENEWABLE ENERGY INVESTMENT, SOLAR ENERGY, 2016 (USD BILLION) 21
FIGURE 6 GROWTH DRIVERS: IMPACT ANALYSIS 23
FIGURE 7 GROWTH BARRIERS: IMPACT ANALYSIS 24
FIGURE 8 PORTER'S 5 FORCES ANALYSIS OF GLOBAL SOLAR PANELS MARKET 26
FIGURE 9 GLOBAL SOLAR PANELS MARKET, BY TECHNOLOGY, 2015-2023 (USD MILLION) 32
FIGURE 10 GLOBAL SOLAR PANELS MARKET, BY MODULE TYPE, 2016 (%) 35
Continued…
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