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Solar Panel Market

Solar Panel Market - Size, Share and Forecast ( 2019-2026 )

SKU: DEU56 | Last Updated On: 2019-06-21 | No. of Pages: 225 | Available Formats

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In June 2019, IKEA partnered with Little sun for the development of mini solar panel for residential and electronics applications with the project named “Sammanlankad.”

Global Solar Panel Market

  1. Global Solar Panel Market -Scope and Methodology

    1. Research Methodology

    2. Scope of the market

  2. Global Solar Panel Market -Key Trends and Developments

    1. Key Trends and Developments

  3. Global Solar Panel Market – Executive Summary

    1. Market Snippet By Product Type

    2. Market Snippet By Mountings

    3. Market Snippet By Application

    4. Market Snippet By Region

  4. Global Solar Panel Market – Market Dynamics

    1. Market impacting factors

      1. Drivers

        1. Rising Demand for Renewable Energy

        2. Growing installations of solar panels in residential sector

        3. Driver 3

      2. Restraints

        1. High cost of installations and service

        2. Restraint 2

      3. Opportunity

    2. Impact analysis

  5. Global Solar Panel Market – Industry Analysis

    1. Porter's five forces analysis

    2. Supply chain analysis

    3. Pricing analysis

    4. Patent analysis

  6. Global Solar Panel Market – By Product Type

    1. Introduction

    2. Market size analysis, and y-o-y growth analysis (%), By Product Type segment

    3. Market attractiveness index, By Product Type segment

      1. Crystalline solar panels

        1. Introduction

        2. Market size analysis, and y-o-y growth analysis (%)

      2. Thin-Film Solar Panels

      3. Smart Solar Panels

  7. Global Solar Panel Market – By Mountings

    1. Introduction

    2. Market size analysis, and y-o-y growth analysis (%), By Mountings segment

    3. Market attractiveness index, By Mountings segment

      1. Roof Top

        1. Introduction

        2. Market size analysis, y-o-y growth analysis (%)

      2. Ground

      3. Solar Tracker

      4. Fixed Rack Systems

  8. Global Solar Panel Market – By Application

    1. Introduction

    2. Market size analysis, and y-o-y growth analysis (%), By Application segment

    3. Market attractiveness index, By Application segment

      1. Commercial

        1. Introduction

        2. Market size analysis, y-o-y growth analysis (%)

      2. Residential

      3. Utility

  9. Global Solar Panel Market – By Region

    1. Introduction

    2. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Region

    3. Market Attractiveness Index, By Region

    4. North America

      1. Introduction

      2. Key region-specific dynamics

      3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Product Type

      4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Mountings

      5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Application

      6. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Countries

        1. U.S.

        2. Canada

        3. Mexico

    5. Europe

      1. Introduction

      2. Key Region-Specific Dynamics

      3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Product Type

      4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Mountings

      5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Application

      6. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Countries

        1. Germany

        2. U.K.

        3. France

        4. Italy

        5. Spain

        6. Netherlands

        7. Turkey

        8. Rest of Europe

    6. South America

      1. Introduction

      2. Key Region-Specific Dynamics

      3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Product Type

      4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Mountings

      5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Application

      6. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Countries

        1. Brazil

        2. Argentina

        3. Rest of South America

    7. Asia Pacific

      1. Introduction

      2. Key Region-Specific Dynamics

      3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Product Type

      4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Mountings

      5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Application

      6. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Countries

        1. China

        2. India

        3. Japan

        4. South Korea

        5. Hongkong

        6. Australia

        7. Rest of Asia Pacific

    8. The Middle East And Africa

      1. Introduction

      2. Key Region-Specific Dynamics

      3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Product Type

      4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Mountings

      5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Application

  10. Global Solar Panel Market – Competitive Landscape

    1. Competitive scenario

    2. Competitor strategy analysis

    3. Comparative type portfolio analysis

    4. Market positioning/share analysis

    5. Mergers and acquisitions analysis

  11. Company Profiles

    1. Jinko Solar

      1. Company Overview

      2. Type Portfolio And Description

      3. Key Highlights

      4. Financial Overview

    2. Trina Solar

    3. Canadian Solar

    4. JA Solar

    5. Hanwha Q cells

    6. GCL System Integration

    7. Longi Solar

    8. Shunfeng International Clean Energy Limited.

    9. KyoCera Solar

    10. Yingli Solar

  12. Global Solar Panel Market – Premium Insights

  13. Global Solar Panel Market – DataM

    1. Appendix

    2. About us and services

    3. Contact us

List of Tables

Table 01 Global Solar Panel Market Value, By Product Type, 2018,2022 & 2026 ($ Million)

Table 02 Global Solar Panel Market Value, By Mountings, 2018,2022 & 2026 ($ Million)

Table 03 Global Solar Panel Market Value, By Application, 2018,2022 & 2026 ($ Million)

Table 04 Global Solar Panel Market Value, By Region, 2018,2022 & 2026 ($ Million)

Table 05 Global Solar Panel Market Value, By Product Type, 2018,2022 & 2026 ($ Million)

Table 06 Global Solar Panel Market Value, By Product Type, 2017-2026 ($ Million)

Table 07 Global Solar Panel Market Value, By Mountings, 2018,2022 & 2026 ($ Million)

Table 08 Global Solar Panel Market Value, By Mountings, 2017-2026 ($ Million)

Table 09 Global Solar Panel Market Value, By Application, 2018,2022 & 2026 ($ Million)

Table 10 Global Solar Panel Market Value, By Application, 2017-2026 ($ Million)

Table 11 Global Solar Panel Market Value, By Region, 2018,2022 & 2026 ($ Million)

Table 12 Global Solar Panel Market Value, By Region, 2017-2026 ($ Million)

Table 13 North America Solar Panel Market Value, By Product Type, 2017-2026 ($ Million)

Table 14 North America Solar Panel Market Value, By Mountings, 2017-2026 ($ Million)

Table 15 North America Solar Panel Market Value, By Application, 2017-2026 ($ Million)

Table 16 North America Solar Panel Market Value, By Country, 2017-2026 ($ Million)

Table 17 South America Solar Panel Market Value, By Product Type, 2017-2026 ($ Million)

Table 18 South America Solar Panel Market Value, By Mountings, 2017-2026 ($ Million)

Table 19 South America Solar Panel Market Value, By Application, 2017-2026 ($ Million)

Table 20 South America Solar Panel Market Value, By Country, 2017-2026 ($ Million)

Table 21 Europe Solar Panel Market Value, By Product Type, 2017-2026 ($ Million)

Table 22 Europe Solar Panel Market Value, By Mountings, 2017-2026 ($ Million)

Table 23 Europe Solar Panel Market Value, By Application, 2017-2026 ($ Million)

Table 24 Europe Solar Panel Market Value, By Country, 2017-2026 ($ Million)

Table 25 Asia-Pacific Solar Panel Market Value, By Product Type, 2017-2026 ($ Million)

Table 26 Asia-Pacific Solar Panel Market Value, By Mountings, 2017-2026 ($ Million)

Table 27 Asia-Pacific Solar Panel Market Value, By Application, 2017-2026 ($ Million)

Table 28 Asia-Pacific Solar Panel Market Value, By Country, 2017-2026 ($ Million)

Table 29 Middle East & Africa Solar Panel Market Value, By Product Type, 2017-2026 ($ Million)

Table 30 Middle East & Africa Solar Panel Market Value, By Mountings, 2017-2026 ($ Million)

Table 31 Middle East & Africa Solar Panel Market Value, By Application, 2017-2026 ($ Million)

Table 32 Jinko Solar: Overview

Table 33 Jinko Solar: Product Portfolio

Table 34 Jinko Solar: Key Developments

Table 35 Trina Solar: Overview

Table 36 Trina Solar: Product Portfolio

Table 37 Trina Solar: Key Developments

Table 38 Canadian Solar: Overview

Table 39 Canadian Solar: Product Portfolio

Table 40 Canadian Solar: Key Developments

Table 41 JA Solar: Overview

Table 42 JA Solar: Product Portfolio

Table 43 JA Solar: Key Developments

Table 44 Hanwha Q Cells: Overview

Table 45 Hanwha Q Cells: Product Portfolio

Table 46 Hanwha Q Cells: Key Developments

Table 47 GCL System Integration: Overview

Table 48 GCL System Integration: Product Portfolio

Table 49 GCL System Integration: Key Developments

Table 50 Longi Solar: Overview

Table 51 Longi Solar: Product Portfolio

Table 52 Longi Solar: Key Developments

Table 53 Shunfeng International Clean Energy Limited.: Overview

Table 54 Shunfeng International Clean Energy Limited.: Product Portfolio

Table 55 Shunfeng International Clean Energy Limited.: Key Developments

Table 56 KyoCera Solar: Overview

Table 57 KyoCera Solar: Product Portfolio

Table 58 KyoCera Solar: Key Developments

Table 59 Yingli Solar: Overview

Table 60 Yingli Solar: Product Portfolio

Table 61 Yingli Solar: Key Developments

List of Figures

Figure 01 Global Solar Panel Market Share, By Product Type, 2018 & 2026 (%)

Figure 02 Global Solar Panel Market Share, By Mountings, 2018 & 2026 (%)

Figure 03 Global Solar Panel Market Share, By Application, 2018 & 2026 (%)

Figure 04 Global Solar Panel Market Share, By 0, 2018 & 2026 (%)

Figure 05 Global Solar Panel Market Share, By 0, 2018 & 2026 (%)

Figure 06 Global Solar Panel Market Share, By Region, 2018 & 2026 (%)

Figure 07 Global Solar Panel Market Value, 2017-2026 ($ Million)

Figure 08 Global Solar Panel Market Y-o-Y Growth, By Product Type, 2018-2026 (%)

Figure 09 Crystalline Solar Panels: Global Solar Panel Market Value, 2017-2026 ($ Million)

Figure 10 Thin-Film Solar Panels: Global Solar Panel Market Value, 2017-2026 ($ Million)

Figure 11 Smart Solar Panels: Global Solar Panel Market Value, 2017-2026 ($ Million)

Figure 12 Global Solar Panel Market Y-o-Y Growth, By Mountings, 2018-2026 (%)

Figure 13 Roof-Top: Global Solar Panel Market Value, 2017-2026 ($ Million)

Figure 14 Ground: Global Solar Panel Market Value, 2017-2026 ($ Million)

Figure 15 Solar Tracker: Global Solar Panel Market Value, 2017-2026 ($ Million)

Figure 16 Fixed rack Systems: Global Solar Panel Market Value, 2017-2026 ($ Million)

Figure 17 Global Solar Panel Market Y-o-Y Growth, By Application, 2018-2026 (%)

Figure 18 Commercial: Global Solar Panel Market Value, 2017-2026 ($ Million)

Figure 19 Residential: Global Solar Panel Market Value, 2017-2026 ($ Million)

Figure 20 Utility: Global Solar Panel Market Value, 2017-2026 ($ Million)

Figure 21 Global Solar Panel Market Y-o-Y Growth, By Region, 2018-2026 (%)

Figure 22 North America Solar Panel Market Value, 2017-2026 ($ Million)

Figure 23 North America Solar Panel Market Share, By Product Type, 2018 & 2026 (%)

Figure 24 North America Solar Panel Market Share, By Mountings, 2018 & 2026 (%)

Figure 25 North America Solar Panel Market Share, By Application, 2018 & 2026 (%)

Figure 26 North America Solar Panel Market Share, By Country, 2018 & 2026 (%)

Figure 27 South America Solar Panel Market Value, 2017-2026 ($ Million)

Figure 28 South America Solar Panel Market Share, By Product Type, 2018 & 2026 (%)

Figure 29 South America Solar Panel Market Share, By Mountings, 2018 & 2026 (%)

Figure 30 South America Solar Panel Market Share, By Application, 2018 & 2026 (%)

Figure 31 South America Solar Panel Market Share, By Country, 2018 & 2026 (%)

Figure 32 Europe Solar Panel Market Value, 2017-2026 ($ Million)

Figure 33 Europe Solar Panel Market Share, By Product Type, 2018 & 2026 (%)

Figure 34 Europe Solar Panel Market Share, By Mountings, 2018 & 2026 (%)

Figure 35 Europe Solar Panel Market Share, By Application, 2018 & 2026 (%)

Figure 36 Europe Solar Panel Market Share, By Country, 2018 & 2026 (%)

Figure 37 Asia-Pacific Solar Panel Market Value, 2017-2026 ($ Million)

Figure 38 Asia-Pacific Solar Panel Market Share, By Product Type, 2018 & 2026 (%)

Figure 39 Asia-Pacific Solar Panel Market Share, By Mountings, 2018 & 2026 (%)

Figure 40 Asia-Pacific Solar Panel Market Share, By Application, 2018 & 2026 (%)

Figure 41 Asia-Pacific Solar Panel Market Share, By Country, 2018 & 2026 (%)

Figure 42 Middle East & Africa Solar Panel Market Value, 2017-2026 ($ Million)

Figure 43 Middle East & Africa Solar Panel Market Share, By Product Type, 2018 & 2026 (%)

Figure 44 Middle East & Africa Solar Panel Market Share, By Mountings, 2018 & 2026 (%)

Figure 45 Middle East & Africa Solar Panel Market Share, By Application, 2018 & 2026 (%)

Figure 46 Jinko Solar: Financials

Figure 47 Trina Solar: Financials

Figure 48 Canadian Solar: Financials

Figure 49 JA Solar: Financials

Figure 50 Hanwha Q Cells: Financials

Figure 51 GCL System Integration: Financials

Figure 52 Longi Solar: Financials

Figure 53 Shunfeng International Clean Energy Limited.: Financials

Figure 54 KyoCera Solar: Financials

Figure 55 Yingli Solar: Financials

Global Solar Panels Market

Solar Panel is an array of solar cells aligned in a rectangular structure that convert sunlight into electricity directly without any external source. Light shining on the solar cell produces both current and voltage to generate electric power. These are currently being used as a source of power generation in commercial, residential and utility sectors.

The Global Solar Panels market was valued at USD XX million in 2018 and expected to grow at a CAGR of XX% to reach a market value of USD XX million by 2026.

https://msbs-dmi-img.s3.amazonaws.com/bucketFolder/1562830612845-lg.png

 

Global Solar Panels – Market Dynamics

Growing installations of solar panels in the residential sector:

The rapid surge in demand for renewable energy and growing installations of solar panels in residential sectors across the globe are the factors driving the global solar panels market.

The decrease in prices of Solar panels and a shift in consumer preference towards renewable energy sources are the factors additionally driving the solar panel market during the forecast period.

Stringent government norms over the production of coal-based electricity and availability of subsidies by the government organizations for the installations of solar electricity generation fields are the factors additionally contributing to the growth of the market.

According to International renewable power generation agency in 2018, the total solar Photovoltaics power generation capacity globally increased from 292,021 MW in 2016 to 385, 674 MW in 2017 giving equal opportunity for the growth for the global solar panel market.

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Source: International Renewable Power Generation Agency

Restraint:

High cost associated with the installations and services associated with the solar panels and wide presence of conventional energy generation stations such as hydropower and wind power are the factors hindering the growth of global solar panels market.

Global Solar Panels – Segment Analysis

By Application, Global solar panels market is segmented into commercial, residential and utility. Commercial end-user segment dominates the global solar panels market owing to the increase in installations of commercial solar energy generation plants across the globe associated with an increase in subsidies by the government organization for such initiatives.

The residential sector is expected to grow at a higher CAGR owing to an increase in consumer interest towards renewable energy and cost savings associated with the technology compared with the conventional technology. According to the Solar Energy Industries Association in 2019, the annual residential installations of solar panels increased from 2100 MW in 2017 to 2350 MW in 2018 giving equal market growth to the solar panels market. According to the IEA in 2018, globally, the cumulative PV installations were increased from 304 GW in 2016 to 403 GW in 2017.

By product type, the global solar panels market is segmented into crystalline solar panels, thin-film solar panels, and smart solar panels. Crystalline solar panels dominate the global solar panels market owing to its extensive usage in commercial applications, high-efficiency rate over the rest of the solar panel products and high lifetime value associated with the panels.

Global Solar Panels– Geographical Analysis

By geography, Global solar panels market is segmented into North America, South America, Asia Pacific, Europe, Middle-East and Africa. North America is expected to dominate the global solar panel market owing to growing installations of solar panels in residential, utility and commercial sectors growing stringent government norms over the usage of coal and thermal power plants for the power generation.

The United States is expected to grow at a higher pace owing to the high presence of developed economical structure, growing stringent government regulations over the usage of coal-based electricity generation systems and high subsidies on the installations of residential solar panels.

According to the Solar Energy Industries Association in 2018, the annual installations of solar panels are expected to increase from approximately 11,000 MW units in 2018 to 13,500 MW units in 2019. According to the Solar Energy Industries Association in 2018, the annual installations of new electric capacity in the United States compare with rest of renewable power resources the total share of solar power installations in the renewable energy market in the U.S is expected to increase from 29% in 2018 to 51% in 2019 Q1.

https://msbs-dmi-img.s3.eu-west-2.amazonaws.com/bucketFolder/1562830739111-lg.png

 

Source: International Renewable Power Generation Agency

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Global Solar Panels– Competitive Analysis

Global solar panels market is highly consolidated with very few major players (Canadian Solar, JA Solar, and Trina Solar) accounting for the major share in the industry. Major Players in the global solar panels includes Jinko Solar, Trina Solar, Canadian Solar, JA Solar, Hanwha Q cells, and GCL System Integration.

Several key companies have adopted merger and acquisitions policies, geographic expansion, innovative product launches, and collaborations to help them to stand out as strong competitors in the market and also expand its sales in the global Solar Panels market.

For instance, On June 21st, 2019, UL has launched the first mobile PV Test laboratory in India to offer for the solar PV system owners.

On June 10th, 2019, IKEA partnered with Little Sun for the development of mini solar panel for residential and electronics applications with the project named “Sammanlankad.”

On June 4th, 2019, Waaree Energies launched two Bifacial PV Module for India Rooftop market with an individual capacity 400 wp.

In March 2019, Sun Power has launched next-generation solar panels 400-plus-watt home solar panels for the residential sector in America to meet the growing demand for residential specific solar panels.

In March 2019, Hanwha Q Cells launched new Q.Peak Solar modules in Shanghai new energy conference 2018.

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