Global Solar Panels Market 2022-2026
Technavio has been monitoring the solar panels market and it is poised to grow by $44.96 bn during 2022-2026, accelerating at a CAGR of 7.61% during the forecast period. Our report on the solar panels market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis of the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing investments in the renewable energy sector, declining cost of solar PV panels, and emerging favorable government regulations.
The solar panels market analysis includes end-user, type segment, and geographic landscape.
Technavio's solar panels market is segmented as below:
- Power utilities
- Crystalline panel
- Thin-film panel
By Geographical Landscape
- North America
- The Middle East and Africa
- South America
This study identifies the rise in the deployment of microgrids as one of the prime reasons driving the solar panels market growth during the next few years. Also, floating solar PV plants and the development of zero-energy buildings will lead to sizable demand in the market.
Technavio presents a detailed picture of the market through study, synthesis, and summation of data from multiple sources by analyzing key parameters. Our report on the solar panels market covers the following areas:
- Solar panels market sizing
- Solar panels market forecast
- Solar panels market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading solar panels market vendors that include Adani Group, Antec Solar GmbH, Canadian Solar Inc., First Solar Inc., Flisom AG, Hanergy Holding Group Ltd., JA Solar Technology Co. Ltd., JinkoSolar Holding Co. Ltd., Kaneka Corp., Longi green energy technology Co. Ltd, Risen Energy Co. Ltd., Shell plc, Shunfeng International Clean Energy Co. Ltd, Soltecture GmbH, Suzhou Talesun Solar Technology Co. Ltd., Tata Sons Pvt. Ltd., Tesla Inc., Trina Solar Co. Ltd., Yingli Green Energy Holding Co. Ltd., and SoloPower Systems Inc. Also, the solar panels market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all future growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market through study, synthesis, and summation of data from multiple sources by analyzing key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.