The Global Solar Panel Market size was estimated at USD 38,420.15 million in 2020 and expected to reach USD 41,419.02 million in 2021, and is projected to grow at a CAGR 8.14% to reach USD 61,456.91 million by 2026.
Market Statistics:
The report provides market sizing and forecast across five major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF. It helps organization leaders make better decisions when currency exchange data is readily available. In this report, the years 2018 and 2019 are considered historical years, 2020 as the base year, 2021 as the estimated year, and years from 2022 to 2026 are considered the forecast period.
Market Segmentation & Coverage:
This research report categorizes the Solar Panel to forecast the revenues and analyze the trends in each of the following sub-markets:
Based on Type, the market was studied across Concentrated PV Cell, Monocrystalline, and Polycrystalline.
Based on Application, the market was studied across Commercial and Residential.
Based on Region, the market was studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, and Thailand. The Europe, Middle East & Africa is further studied across France, Germany, Italy, Netherlands, Qatar, Russia, Saudi Arabia, South Africa, Spain, United Arab Emirates, and United Kingdom.
Cumulative Impact of COVID-19:
COVID-19 is an incomparable global public health emergency that has affected almost every industry, and the long-term effects are projected to impact the industry growth during the forecast period. Our ongoing research amplifies our research framework to ensure the inclusion of underlying COVID-19 issues and potential paths forward. The report delivers insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecasts, considering the COVID-19 impact on the market.
Competitive Strategic Window:
The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.
FPNV Positioning Matrix:
The FPNV Positioning Matrix evaluates and categorizes the vendors in the Solar Panel Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.
Market Share Analysis:
The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.
Competitive Scenario:
The Competitive Scenario provides an outlook analysis of the various business growth strategies adopted by the vendors. The news covered in this section deliver valuable thoughts at the different stage while keeping up-to-date with the business and engage stakeholders in the economic debate. The competitive scenario represents press releases or news of the companies categorized into Merger & Acquisition, Agreement, Collaboration, & Partnership, New Product Launch & Enhancement, Investment & Funding, and Award, Recognition, & Expansion. All the news collected help vendor to understand the gaps in the marketplace and competitor’s strength and weakness thereby, providing insights to enhance product and service.
Company Usability Profiles:
The report profoundly explores the recent significant developments by the leading vendors and innovation profiles in the Global Solar Panel Market, including Adani Group, BrightSource Energy Inc., Canadian Solar Inc., First Solar, Inc., Fortum Oyj, Genus Innovation Limited, Goldi Solar Pvt. Ltd., JA Solar Technology Co.,Ltd., JinkoSolar Holding Co., Ltd., Kaneka Corporation, Luminous Power Technologies, Microtek International P. Ltd., Oorjan Cleantech Pvt. Ltd., Panasonic Corporation, Renewsys India Private Ltd., Sharp Corporation, SunPower Corporation, Suntech Power Holdings Co. Ltd., Tata Power Solar Systems Limited, Tesla, Inc., Trina Solar Co., Ltd., United Renewable Energy, Vikram Solar Limited, and Waaree Energies Ltd..
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Global Solar Panel Market?
2. What are the inhibiting factors and impact of COVID-19 shaping the Global Solar Panel Market during the forecast period?
3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Solar Panel Market?
4. What is the competitive strategic window for opportunities in the Global Solar Panel Market?
5. What are the technology trends and regulatory frameworks in the Global Solar Panel Market?
6. What is the market share of the leading vendors in the Global Solar Panel Market?
7. What modes and strategic moves are considered suitable for entering the Global Solar Panel Market?
Please Note: PDF & Excel + Online Access - 1 Year
Companies Mentioned
Adani Group
BrightSource Energy Inc.
Canadian Solar Inc.
First Solar, Inc.
Fortum Oyj
Genus Innovation Limited
Goldi Solar Pvt. Ltd.
JA Solar Technology Co.,Ltd.
JinkoSolar Holding Co., Ltd.
Kaneka Corporation
Luminous Power Technologies
Microtek International P. Ltd.
Oorjan Cleantech Pvt. Ltd.
Panasonic Corporation
Renewsys India Private Ltd.
Sharp Corporation
SunPower Corporation
Suntech Power Holdings Co. Ltd.
Tata Power Solar Systems Limited
Tesla, Inc.
Trina Solar Co., Ltd.
United Renewable Energy
Vikram Solar Limited
Waaree Energies Ltd.
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Limitations
- 1.7. Assumptions
- 1.8. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Growth in Electricity Demand Globally
- 5.1.1.2. Surge in Rooftop Installations
- 5.1.1.3. Government Initiatives for Encouraging Solar Energy Applications
- 5.1.2. Restraints
- 5.1.2.1. Low Capacity Factor than the Other Source of Energy
- 5.1.2.2. High Cost of Solar Panel Installation
- 5.1.3. Opportunities
- 5.1.3.1. High Investment for Large Scale Solar Panel Based Energy Products
- 5.1.3.2. Rise in Government Focus on Smart Cities
- 5.1.4. Challenges
- 5.1.4.1. Climatic Conditions Coupled with Limitation of Solar Energy Production in Night and Geographical Latitudes Especially in Snowfall- and Rainfall-Prone Region
- 5.2. Cumulative Impact of COVID-19
- 6. Solar Panel Market, by Type
- 6.1. Introduction
- 6.2. Concentrated PV Cell
- 6.3. Monocrystalline
- 6.4. Polycrystalline
- 7. Solar Panel Market, by Application
- 7.1. Introduction
- 7.2. Commercial
- 7.3. Residential
- 8. Americas Solar Panel Market
- 8.1. Introduction
- 8.2. Argentina
- 8.3. Brazil
- 8.4. Canada
- 8.5. Mexico
- 8.6. United States
- 9. Asia-Pacific Solar Panel Market
- 9.1. Introduction
- 9.2. Australia
- 9.3. China
- 9.4. India
- 9.5. Indonesia
- 9.6. Japan
- 9.7. Malaysia
- 9.8. Philippines
- 9.9. Singapore
- 9.10. South Korea
- 9.11. Taiwan
- 9.12. Thailand
- 10. Europe, Middle East & Africa Solar Panel Market
- 10.1. Introduction
- 10.2. France
- 10.3. Germany
- 10.4. Italy
- 10.5. Netherlands
- 10.6. Qatar
- 10.7. Russia
- 10.8. Saudi Arabia
- 10.9. South Africa
- 10.10. Spain
- 10.11. United Arab Emirates
- 10.12. United Kingdom
- 11. Competitive Landscape
- 11.1. FPNV Positioning Matrix
- 11.1.1. Quadrants
- 11.1.2. Business Strategy
- 11.1.3. Product Satisfaction
- 11.2. Market Ranking Analysis
- 11.3. Market Share Analysis, By Key Player
- 11.4. Competitive Scenario
- 11.4.1. Merger & Acquisition
- 11.4.2. Agreement, Collaboration, & Partnership
- 11.4.3. New Product Launch & Enhancement
- 11.4.4. Investment & Funding
- 11.4.5. Award, Recognition, & Expansion
- 12. Company Usability Profiles
- 12.1. Adani Group
- 12.2. BrightSource Energy Inc.
- 12.3. Canadian Solar Inc.
- 12.4. First Solar, Inc.
- 12.5. Fortum Oyj
- 12.6. Genus Innovation Limited
- 12.7. Goldi Solar Pvt. Ltd.
- 12.8. JA Solar Technology Co.,Ltd.
- 12.9. JinkoSolar Holding Co., Ltd.
- 12.10. Kaneka Corporation
- 12.11. Luminous Power Technologies
- 12.12. Microtek International P. Ltd.
- 12.13. Oorjan Cleantech Pvt. Ltd.
- 12.14. Panasonic Corporation
- 12.15. Renewsys India Private Ltd.
- 12.16. Sharp Corporation
- 12.17. SunPower Corporation
- 12.18. Suntech Power Holdings Co. Ltd.
- 12.19. Tata Power Solar Systems Limited
- 12.20. Tesla, Inc.
- 12.21. Trina Solar Co., Ltd.
- 12.22. United Renewable Energy
- 12.23. Vikram Solar Limited
- 12.24. Waaree Energies Ltd.
- 13. Appendix
- 13.1. Discussion Guide
- 13.2. License & Pricing
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