Global Solar Panels Market 2022-2026

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:

By End-user

  • Power utilities
  • Commercial
  • Residential
By Type
  • Crystalline panel
  • Thin-film panel
By Geographical Landscape
  • APAC
  • Europe
  • 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.


  • Executive Summary
    • Market overview
      • Table Executive Summary – Chart on Market Overview
      • Table Executive Summary – Data Table on Market Overview
      • Table Executive Summary – Chart on Global Market Characteristics
      • Table Executive Summary – Chart on Market by Geography
      • Table Executive Summary – Chart on Market Segmentation by End-user
      • Table Executive Summary – Chart on Market Segmentation by Type
      • Table Executive Summary – Chart on Incremental Growth
      • Table Executive Summary – Data Table on Incremental Growth
      • Table Executive Summary – Chart on Vendor Market Positioning
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market Characteristics
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2021
    • Market outlook: Forecast for 2021-2026
      • Table Chart on Global - Market size and forecast 2021-2026 ($ billion)
      • Table Data Table on Global - Market size and forecast 2021-2026 ($ billion)
      • Table Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Table Data Table on Global Market: Year-over-year growth 2021-2026 (%)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis - Comparison between 2021 and 2026
    • Bargaining power of buyers
      • Table Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • Threat of new entrants
      • Table Threat of new entrants – Impact of key factors in 2021 and 2026
    • Threat of substitutes
      • Table Threat of substitutes – Impact of key factors in 2021 and 2026
    • Threat of rivalry
      • Table Threat of rivalry – Impact of key factors in 2021 and 2026
    • Market condition
      • Table Chart on Market condition - Five forces 2021 and 2026
  • Market Segmentation by End-user
    • Market segments
      • Table Chart on End-user - Market share 2021-2026 (%)
      • Table Data Table on End-user - Market share 2021-2026 (%)
    • Comparison by End-user
      • Table Chart on Comparison by End-user
      • Table Data Table on Comparison by End-user
    • Power utilities - Market size and forecast 2021-2026
      • Table Chart on Power utilities - Market size and forecast 2021-2026 ($ billion)
      • Table Data Table on Power utilities - Market size and forecast 2021-2026 ($ billion)
      • Table Chart on Power utilities - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Power utilities - Year-over-year growth 2021-2026 (%)
    • Commercial - Market size and forecast 2021-2026
      • Table Chart on Commercial - Market size and forecast 2021-2026 ($ billion)
      • Table Data Table on Commercial - Market size and forecast 2021-2026 ($ billion)
      • Table Chart on Commercial - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Commercial - Year-over-year growth 2021-2026 (%)
    • Residential - Market size and forecast 2021-2026
      • Table Chart on Residential - Market size and forecast 2021-2026 ($ billion)
      • Table Data Table on Residential - Market size and forecast 2021-2026 ($ billion)
      • Table Chart on Residential - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Residential - Year-over-year growth 2021-2026 (%)
    • Market opportunity by End-user
      • Table Market opportunity by End-user ($ billion)
  • Market Segmentation by Type
    • Market segments
      • Table Chart on Type - Market share 2021-2026 (%)
      • Table Data Table on Type - Market share 2021-2026 (%)
    • Comparison by Type
      • Table Chart on Comparison by Type
      • Table Data Table on Comparison by Type
    • Crystalline panel - Market size and forecast 2021-2026
      • Table Chart on Crystalline panel - Market size and forecast 2021-2026 ($ billion)
      • Table Data Table on Crystalline panel - Market size and forecast 2021-2026 ($ billion)
      • Table Chart on Crystalline panel - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Crystalline panel - Year-over-year growth 2021-2026 (%)
    • Thin-film panel - Market size and forecast 2021-2026
      • Table Chart on Thin-film panel - Market size and forecast 2021-2026 ($ billion)
      • Table Data Table on Thin-film panel - Market size and forecast 2021-2026 ($ billion)
      • Table Chart on Thin-film panel - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Thin-film panel - Year-over-year growth 2021-2026 (%)
    • Market opportunity by Type
      • Table Market opportunity by Type ($ billion)
  • Customer Landscape
    • Customer landscape overview
      • Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
  • Geographic Landscape
    • Geographic segmentation
      • Table Chart on Market share by geography 2021-2026 (%)
      • Table Data Table on Market share by geography 2021-2026 (%)
    • Geographic comparison
      • Table Chart on Geographic comparison
      • Table Data Table on Geographic comparison
    • APAC - Market size and forecast 2021-2026
      • Table Chart on APAC - Market size and forecast 2021-2026 ($ billion)
      • Table Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
      • Table Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Table Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • Europe - Market size and forecast 2021-2026
      • Table Chart on Europe - Market size and forecast 2021-2026 ($ billion)
      • Table Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
      • Table Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • North America - Market size and forecast 2021-2026
      • Table Chart on North America - Market size and forecast 2021-2026 ($ billion)
      • Table Data Table on North America - Market size and forecast 2021-2026 ($ billion)
      • Table Chart on North America - Year-over-year growth 2021-2026 (%)
      • Table Data Table on North America - Year-over-year growth 2021-2026 (%)
    • Middle East and Africa - Market size and forecast 2021- 2026
      • Table Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Table Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Table Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • South America - Market size and forecast 2021-2026
      • Table Chart on South America - Market size and forecast 2021-2026 ($ billion)
      • Table Data Table on South America - Market size and forecast 2021-2026 ($ billion)
      • Table Chart on South America - Year-over-year growth 2021-2026 (%)
      • Table Data Table on South America - Year-over-year growth 2021-2026 (%)
    • China - Market size and forecast 2021-2026
      • Table Chart on China - Market size and forecast 2021-2026 ($ billion)
      • Table Data Table on China - Market size and forecast 2021-2026 ($ billion)
      • Table Chart on China - Year-over-year growth 2021-2026 (%)
      • Table Data Table on China - Year-over-year growth 2021-2026 (%)
    • US - Market size and forecast 2021-2026
      • Table Chart on US - Market size and forecast 2021-2026 ($ billion)
      • Table Data Table on US - Market size and forecast 2021-2026 ($ billion)
      • Table Chart on US - Year-over-year growth 2021-2026 (%)
      • Table Data Table on US - Year-over-year growth 2021-2026 (%)
    • South Korea - Market size and forecast 2021-2026
      • Table Chart on South Korea - Market size and forecast 2021-2026 ($ billion)
      • Table Data Table on South Korea - Market size and forecast 2021-2026 ($ billion)
      • Table Chart on South Korea - Year-over-year growth 2021-2026 (%)
      • Table Data Table on South Korea - Year-over-year growth 2021-2026 (%)
    • Germany - Market size and forecast 2021-2026
      • Table Chart on Germany - Market size and forecast 2021-2026 ($ billion)
      • Table Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
      • Table Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • Italy - Market size and forecast 2021-2026
      • Table Chart on Italy - Market size and forecast 2021-2026 ($ billion)
      • Table Data Table on Italy - Market size and forecast 2021-2026 ($ billion)
      • Table Chart on Italy - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Italy - Year-over-year growth 2021-2026 (%)
    • Japan - Market size and forecast 2021-2026
      • Table Chart on Japan - Market size and forecast 2021-2026 ($ billion)
      • Table Data Table on Japan - Market size and forecast 2021-2026 ($ billion)
      • Table Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • Market opportunity by geography
      • Table Market opportunity by geography ($ billion)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Increasing investments in the renewable energy sector
      • Declining cost of solar PV panels
      • Emerging favorable government regulations
    • Market challenges
      • Intermittent nature of solar power
      • Challenges associated with product characteristics
      • High initial investment and maintenance costs for solar PV systems
    • Impact of drivers and challenges
      • Table Impact of drivers and challenges in 2021 and 2026
    • Market trends
      • Rise in the deployment of microgrids
      • Floating solar PV plants
      • Development of zero-energy buildings
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Overview on Criticality of inputs and Factors of differentiation
    • Landscape disruption
      • Table Overview on factors of disruption
    • Industry risks
      • Table Impact of key risks on business
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Matrix on vendor position and classification
    • Canadian Solar Inc.
      • Table Canadian Solar Inc. - Overview
      • Table Canadian Solar Inc. - Business segments
      • Table Canadian Solar Inc. - Key news
      • Table Canadian Solar Inc. - Key offerings
      • Table Canadian Solar Inc. - Segment focus
    • First Solar Inc.
      • Table First Solar Inc. - Overview
      • Table First Solar Inc. - Business segments
      • Table First Solar Inc. - Key news
      • Table First Solar Inc. - Key offerings
      • Table First Solar Inc. - Segment focus
    • JA Solar Technology Co. Ltd.
      • Table JA Solar Technology Co. Ltd. - Overview
      • Table JA Solar Technology Co. Ltd. - Product / Service
      • Table JA Solar Technology Co. Ltd. - Key offerings
    • JinkoSolar Holding Co. Ltd.
      • Table JinkoSolar Holding Co. Ltd. - Overview
      • Table JinkoSolar Holding Co. Ltd. - Product / Service
      • Table JinkoSolar Holding Co. Ltd. - Key news
      • Table JinkoSolar Holding Co. Ltd. - Key offerings
    • Kaneka Corp.
      • Table Kaneka Corp. - Overview
      • Table Kaneka Corp. - Business segments
      • Table Kaneka Corp. - Key offerings
      • Table Kaneka Corp. - Segment focus
    • Longi green energy technology Co. Ltd
      • Table Longi green energy technology Co. Ltd - Overview
      • Table Longi green energy technology Co. Ltd - Product / Service
      • Table Longi green energy technology Co. Ltd - Key offerings
    • Risen Energy Co. Ltd.
      • Table Risen Energy Co. Ltd. - Overview
      • Table Risen Energy Co. Ltd. - Product / Service
      • Table Risen Energy Co. Ltd. - Key offerings
    • Shunfeng International Clean Energy Co. Ltd
      • Table Shunfeng International Clean Energy Co. Ltd - Overview
      • Table Shunfeng International Clean Energy Co. Ltd - Product / Service
      • Table Shunfeng International Clean Energy Co. Ltd - Key offerings
    • Trina Solar Co. Ltd.
      • Table Trina Solar Co. Ltd. - Overview
      • Table Trina Solar Co. Ltd. - Business segments
      • Table Trina Solar Co. Ltd. - Key offerings
      • Table Trina Solar Co. Ltd. - Segment focus
    • Yingli Green Energy Holding Co. Ltd.
      • Table Yingli Green Energy Holding Co. Ltd. - Overview
      • Table Yingli Green Energy Holding Co. Ltd. - Business segments
      • Table Yingli Green Energy Holding Co. Ltd. - Key offerings
      • Table Yingli Green Energy Holding Co. Ltd. - Segment focus
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Inclusions and exclusions checklist
      • Table Inclusions checklist
      • Table Exclusions checklist
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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