Solar Panels Market Research Reportβ€”Global Forecast till 2030

Solar Panels Market Research Report Information By Technology (Solar PV and Concentrated Solar Power), By Module Type (Thin Film and Crystalline), By Grid Connectivity (On-Grid and Off-Grid), By Application (Residential, Commercial and Industrial), and By Region – Global Industry Size, Share, Growth, Trends and Forecast To 2030

ID: MRFR/E&P/2346-CR | 143 Pages | Author: Anshula Mandaokar | August 2020         

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY 15

1.1 MARKET ATTRACTIVENESS ANALYSIS 17

1.1.1 GLOBAL SOLAR PANELS MARKET, BY TECHNOLOGY 18

1.1.2 GLOBAL SOLAR PANELS MARKET, BY MODULE TYPE 19

1.1.3 GLOBAL SOLAR PANELS MARKET, BY APPLICATION 20

1.1.4 GLOBAL SOLAR PANELS MARKET, BY APPLICATION 21

1.1.5 GLOBAL SOLAR PANELS MARKET, BY REGION 22

2 MARKET INTRODUCTION 23

2.1 DEFINITION 23

2.2 SCOPE OF THE STUDY 23

2.3 RESEARCH OBJECTIVE 23

2.4 MARKET STRUCTURE 24

2.5 KEY BUYING CRITERIA 24

3 RESEARCH METHODOLOGY 25

3.1 RESEARCH PROCESS 25

3.2 PRIMARY RESEARCH 26

3.3 SECONDARY RESEARCH 27

3.4 MARKET SIZE ESTIMATION 28

3.5 FORECAST MODEL 29

3.6 LIST OF ASSUMPTIONS 30

4 MARKET INSIGHTS 31

5 MARKET DYNAMICS 34

5.1 INTRODUCTION 34

5.2 DRIVERS 35

5.2.1 INCREASING DEMAND FOR ENERGY GENERATION FROM RENEWABLE ENERGY SOURCES 35

5.2.2 SUPPORTIVE GOVERNMENT INITIATIVES AND POLICIES 35

5.3 RESTRAINTS 36

5.3.1 LOW ENERGY CAPACITY IN COMPARISON TO OTHER SOURCES 36

5.4 OPPORTUNITIES 36

5.4.1 INSTALLATION OF SOLAR PANELS IN REMOTE REGIONS 36

5.5 IMPACT ANALYSIS OF COVID-19 36

5.5.1 IMPACT ON THE OVERALL POWER & ENERGY INDUSTRY 36

5.5.1.1 ECONOMIC IMPACT 37

5.5.2 IMPACT ON THE SOLAR PANELS MARKET 37

5.5.3 IMPACT ON THE SUPPLY CHAIN OF THE SOLAR PANELS MARKET 37

5.5.3.1 PRICE VARIATION OF KEY RAW MATERIALS 37

5.5.3.2 PRODUCTION SHUTDOWN 37

5.5.3.3 CASH FLOW CONSTRAINTS 37

5.5.3.4 IMPACT ON IMPORT/EXPORT 37

5.5.4 IMPACT ON THE MARKET DEMAND FOR SOLAR PANELS 38

5.5.4.1 IMPACT DUE TO LOCKDOWN 38

5.5.4.2 CONSUMER SENTIMENTS 38

5.5.5 IMPACT ON PRICING OF SOLAR PANELS 38

6 MARKET FACTOR ANALYSIS 39

6.1 SUPPLY CHAIN ANALYSIS 39

6.1.1 DESIGN & DEVELOPMENT 39

6.1.2 RAW MATERIAL & COMPONENT SUPPLY 39

6.1.3 MANUFACTURE & ASSEMBLY 39

6.1.4 SALES & DISTRIBUTION 40

6.1.5 END USE 40

6.2 PORTER’S FIVE FORCES MODEL 40

6.2.1 THREAT OF NEW ENTRANTS 41

6.2.2 BARGAINING POWER OF SUPPLIERS 41

6.2.3 THREAT OF SUBSTITUTES 41

6.2.4 BARGAINING POWER OF BUYERS 41

6.2.5 INTENSITY OF RIVALRY 41

7 GLOBAL SOLAR PANELS MARKET, BY TECHNOLOGY 42

7.1 OVERVIEW 42

7.2 SOLAR PV 43

7.3 CONCENTRATED SOLAR POWER (CSP) 43

8 GLOBAL SOLAR PANELS MARKET, BY MODULE TYPE 44

8.1 OVERVIEW 44

8.2 CRYSTALLINE 45

8.3 THIN FILM 45

9 GLOBAL SOLAR PANELS MARKET, BY GRID CONNECTIVITY 46

9.1 OVERVIEW 46

9.2 ON-GRID 47

9.3 OFF-GRID 47

10 GLOBAL SOLAR PANELS MARKET, BY APPLICATION 48

10.1 OVERVIEW 48

10.2 RESIDENTIAL 49

10.3 INDUSTRIAL 49

10.4 COMMERCIAL 49

11 GLOBAL SOLAR PANELS MARKET, BY REGION 50

11.1 OVERVIEW 50

11.2 NORTH AMERICA 52

11.2.1 US 54

11.2.2 CANADA 55

11.2.3 MEXICO 57

11.3 EUROPE 59

11.3.1 UK 61

11.3.2 GERMANY 62

11.3.3 RUSSIA 64

11.3.4 ITALY 65

11.3.5 FRANCE 67

11.3.6 REST OF EUROPE 68

11.4 ASIA-PACIFIC 70

11.4.1 CHINA 72

11.4.2 INDIA 74

11.4.3 JAPAN 76

11.4.4 SOUTH KOREA 77

11.4.5 REST OF ASIA-PACIFIC 79

11.5 MIDDLE EAST & AFRICA 81

11.5.1 SAUDI ARABIA 83

11.5.2 UAE 84

11.5.3 SOUTH AFRICA 86

11.5.4 REST OF MIDDLE EAST & AFRICA 87

11.6 SOUTH AMERICA 89

11.6.1 BRAZIL 91

11.6.2 ARGENTINA 92

11.6.3 REST OF SOUTH AMERICA 94

12 COMPETITIVE LANDSCAPE 96

12.1 COMPETITIVEOVERVIEW 96

12.2 COMPETITIVE BENCHMARKING 97

12.3 MARKET SHARE ANALYSIS 98

12.4 KEY DEVELOPMENTS IN THE GLOBAL SOLAR PANELS MARKET 98

12.4.1 KEY DEVELOPMENTS: ACQUISITIONS 98

12.4.2 KEY DEVELOPMENTS: EXPANSIONS 99

12.4.3 KEY DEVELOPMENTS: PRODUCT DEVELOPMENTS 100

12.4.4 KEY DEVELOPMENTS: MERGERS& AGREEMENTS 101

13 COMPANY PROFILES 102

13.1 TRINA SOLAR 102

13.1.1 COMPANY OVERVIEW 102

13.1.2 FINANCIAL OVERVIEW 102

13.1.3 PRODUCTS OFFERED 102

13.1.4 KEY DEVELOPMENTS 103

13.1.5 SWOT ANALYSIS 103

13.2 CANADIAN SOLAR INC 104

13.2.1 COMPANY OVERVIEW 104

13.2.2 FINANCIAL OVERVIEW 105

13.2.3 PRODUCTS OFFERED 106

13.2.4 KEY DEVELOPMENTS 106

13.2.5 SWOT ANALYSIS 107

13.2.6 KEY STRATEGIES 107

13.3 SUNPOWER CORPORATION 108

13.3.1 COMPANY OVERVIEW 108

13.3.2 FINANCIAL OVERVIEW 109

13.3.3 PRODUCTS OFFERED 109

13.3.4 KEY DEVELOPMENTS 110

13.3.5 SWOT ANALYSIS 110

13.3.6 KEY STRATEGIES 111

13.4 JINKO SOLAR HOLDING CO. LTD 112

13.4.1 COMPANY OVERVIEW 112

13.4.2 FINANCIAL OVERVIEW 113

13.4.3 PRODUCTS OFFERED 114

13.4.4 KEY DEVELOPMENTS 114

13.5 HANWHA GROUP (HANHWA Q CELLS) 115

13.5.1 COMPANY OVERVIEW 115

13.5.2 FINANCIAL OVERVIEW 116

13.5.3 PRODUCTS OFFERED 116

13.5.4 KEY DEVELOPMENTS 117

13.6 PHOTONIX SOLAR PVT LTD 118

13.6.1 COMPANY OVERVIEW 118

13.6.2 FINANCIAL OVERVIEW 118

13.6.3 PRODUCTS OFFERED 118

13.6.4 KEY DEVELOPMENTS 118

13.7 KYOCERA CORPORATION 119

13.7.1 COMPANY OVERVIEW 119

13.7.2 PRODUCTS OFFERED 119

13.7.3 KEY DEVELOPMENTS 120

13.8 AGL ENERGY 121

13.8.1 COMPANY OVERVIEW 121

13.8.2 FINANCIAL OVERVIEW 122

13.8.3 PRODUCTS OFFERED 122

13.8.4 KEY DEVELOPMENTS 123

13.9 ABENGOA SOLAR 124

13.9.1 COMPANY OVERVIEW 124

13.9.2 FINANCIAL OVERVIEW 124

13.9.3 PRODUCTS OFFERED 125

13.9.4 KEY DEVELOPMENTS 125

13.10 ESOLAR INC 126

13.10.1 COMPANY OVERVIEW 126

13.10.2 FINANCIAL OVERVIEW 126

13.10.3 PRODUCTS OFFERED 126

13.10.4 KEY DEVELOPMENTS 126

13.11 YINGLI SOLAR 127

13.11.1 COMPANY OVERVIEW 127

13.11.2 FINANCIAL OVERVIEW 127

13.11.3 PRODUCTS OFFERED 127

13.11.4 KEY DEVELOPMENTS 127

13.12 FIRST SOLAR INC. 128

13.12.1 COMPANY OVERVIEW 128

13.12.2 FINANCIAL OVERVIEW 128

13.12.3 PRODUCTS OFFERED 129

13.12.4 KEY DEVELOPMENTS 129

13.13 JA SOLAR HOLDINGS CO LTD 130

13.13.1 COMPANY OVERVIEW 130

13.13.2 FINANCIAL OVERVIEW 130

13.13.3 PRODUCTS OFFERED 130

13.13.4 KEY DEVELOPMENTS 130

LIST OF TABLES

TABLE 1 PRIMARY INTERVIEWS 26

TABLE 2 LIST OF ASSUMPTIONS 30

TABLE 3 GLOBAL SOLAR PANELS: MARKET ESTIMATES & FORECAST, BY TECHNOLOGY, 2022–2030 (USD MILLION) 43

TABLE 4 GLOBAL SOLAR PANELS: MARKET ESTIMATES & FORECAST, BY MODULE TYPE, 2022–2030 (USD MILLION) 45

TABLE 5 GLOBAL SOLAR PANELS: MARKET ESTIMATES & FORECAST, BY GRID CONNECTIVITY,2022–2030 (USD MILLION) 47

TABLE 6 GLOBAL SOLAR PANELS: MARKET ESTIMATES & FORECAST, BY APPLICATION, 2022–2030 (USD MILLION) 49

TABLE 7 GLOBAL SOLAR PANELS MARKET, BY REGION, 2022–2030 (USD MILLION) 51

TABLE 8 NORTH AMERICA: SOLAR PANELS MARKET, BY COUNTRY, 2022–2030 (USD MILLION) 52

TABLE 9 NORTH AMERICA: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY TECHNOLOGY, 2022–2030 (USD MILLION) 52

TABLE 10 NORTH AMERICA: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY MODULE TYPE, 2022–2030 (USD MILLION) 52

TABLE 11 NORTH AMERICA: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY GRID CONNECTIVITY, 2022–2030 (USD MILLION) 53

TABLE 12 NORTH AMERICA: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY APPLICATION, 2022–2030 (USD MILLION) 53

TABLE 13 US: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY TECHNOLOGY, 2022–2030 (USD MILLION) 54

TABLE 14 US: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY MODULE TYPE, 2022–2030 (USD MILLION) 54

TABLE 15 US: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY GRID CONNECTIVITY, 2022–2030 (USD MILLION) 54

TABLE 16 US: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY APPLICATION, 2022–2030 (USD MILLION) 55

TABLE 17 CANADA: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY TECHNOLOGY, 2022–2030 (USD MILLION) 55

TABLE 18 CANADA: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY MODULE TYPE, 2022–2030 (USD MILLION) 56

TABLE 19 CANADA: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY GRID CONNECTIVITY, 2022–2030 (USD MILLION) 56

TABLE 20 CANADA: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY APPLICATION, 2022–2030 (USD MILLION) 56

TABLE 21 MEXICO: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY TECHNOLOGY, 2022–2030 (USD MILLION) 57

TABLE 22 MEXICO: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY MODULE TYPE, 2022–2030 (USD MILLION) 57

TABLE 23 MEXICO: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY GRID CONNECTIVITY, 2022–2030 (USD MILLION) 57

TABLE 24 MEXICO: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY APPLICATION, 2022–2030 (USD MILLION) 58

TABLE 25 EUROPE: SOLAR PANELS MARKET, BY COUNTRY, 2022–2030 (USD MILLION) 59

TABLE 26 EUROPE: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY TECHNOLOGY, 2022–2030 (USD MILLION) 59

TABLE 27 EUROPE: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY MODULE TYPE, 2022–2030 (USD MILLION) 60

TABLE 28 EUROPE: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY GRID CONNECTIVITY, 2022–2030 (USD MILLION) 60

TABLE 29 EUROPE: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY APPLICATION, 2022–2030 (USD MILLION) 60

TABLE 30 UK: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY TECHNOLOGY, 2022–2030 (USD MILLION) 61

TABLE 31 UK: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY MODULE TYPE, 2022–2030 (USD MILLION) 61

TABLE 32 UK: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY GRID CONNECTIVITY, 2022–2030 (USD MILLION) 61

TABLE 33 UK: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY APPLICATION, 2022–2030 (USD MILLION) 62

TABLE 34 GERMANY: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY TECHNOLOGY, 2022–2030 (USD MILLION) 62

TABLE 35 GERMANY: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY MODULE TYPE, 2022–2030 (USD MILLION) 63

TABLE 36 GERMANY: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY GRID CONNECTIVITY, 2022–2030 (USD MILLION) 63

TABLE 37 GERMANY: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY APPLICATION, 2022–2030 (USD MILLION) 63

TABLE 38 RUSSIA: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY TECHNOLOGY, 2022–2030 (USD MILLION) 64

TABLE 39 RUSSIA:SOLAR PANELS MARKET ESTIMATES & FORECAST, BY MODULE TYPE, 2022–2030 (USD MILLION) 64

TABLE 40 RUSSIA:SOLAR PANELS MARKET ESTIMATES & FORECAST, BY GRID CONNECTIVITY, 2022–2030 (USD MILLION) 64

TABLE 41 RUSSIA:SOLAR PANELS MARKET ESTIMATES & FORECAST, BY APPLICATION, 2022–2030 (USD MILLION) 65

TABLE 42 ITALY: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY TECHNOLOGY, 2022–2030 (USD MILLION) 65

TABLE 43 ITALY: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY MODULE TYPE, 2022–2030 (USD MILLION) 65

TABLE 44 ITALY: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY GRID CONNECTIVITY, 2022–2030 (USD MILLION) 66

TABLE 45 ITALY: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY APPLICATION, 2022–2030 (USD MILLION) 66

TABLE 46 FRANCE: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY TECHNOLOGY, 2022–2030 (USD MILLION) 67

TABLE 47 FRANCE: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY MODULE TYPE, 2022–2030 (USD MILLION) 67

TABLE 48 FRANCE: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY GRID CONNECTIVITY, 2022–2030 (USD MILLION) 67

TABLE 49 FRANCE: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY APPLICATION, 2022–2030 (USD MILLION) 68

TABLE 50 REST OF EUROPE: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY TECHNOLOGY, 2022–2030 (USD MILLION) 68

TABLE 51 REST OF EUROPE: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY MODULE TYPE, 2022–2030 (USD MILLION) 69

TABLE 52 REST OF EUROPE: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY GRID CONNECTIVITY, 2022–2030 (USD MILLION) 69

TABLE 53 REST OF EUROPE: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY APPLICATION, 2022–2030 (USD MILLION) 69

TABLE 54 ASIA-PACIFIC: SOLAR PANELS MARKET, BY COUNTRY, 2022–2030 (USD MILLION) 70

TABLE 55 ASIA-PACIFIC: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY TECHNOLOGY, 2022–2030 (USD MILLION) 70

TABLE 56 ASIA-PACIFIC: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY MODULE TYPE, 2022–2030 (USD MILLION) 71

TABLE 57 ASIA PACIFIC: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY GRID CONNECTIVITY, 2022–2030 (USD MILLION) 71

TABLE 58 ASIA-PACIFIC: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY APPLICATION, 2022–2030 (USD MILLION) 71

TABLE 59 CHINA: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY TECHNOLOGY, 2022–2030 (USD MILLION) 72

TABLE 60 CHINA: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY MODULE TYPE, 2022–2030 (USD MILLION) 72

TABLE 61 CHINA: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY GRID CONNECTIVITY, 2022–2030 (USD MILLION) 73

TABLE 62 CHINA: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY GRID CONNECTIVITY, 2022–2030 (USD MILLION) 73

TABLE 63 CHINA: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY APPLICATION, 2022–2030 (USD MILLION) 73

TABLE 64 INDIA: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY TECHNOLOGY, 2022–2030 (USD MILLION) 74

TABLE 65 INDIA: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY MODULE TYPE, 2022–2030 (USD MILLION) 74

TABLE 66 INDIA: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY GRID CONNECTIVITY, 2022–2030 (USD MILLION) 75

TABLE 67 INDIA: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY APPLICATION, 2022–2030 (USD MILLION) 75

TABLE 68 JAPAN: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY TECHNOLOGY, 2022–2030 (USD MILLION) 76

TABLE 69 JAPAN: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY MODULE TYPE, 2022–2030 (USD MILLION) 76

TABLE 70 JAPAN: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY GRID CONNECTIVITY, 2022–2030 (USD MILLION) 77

TABLE 71 JAPAN: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY APPLICATION, 2022–2030 (USD MILLION) 77

TABLE 72 SOUTH KOREA: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY TECHNOLOGY, 2022–2030 (USD MILLION) 77

TABLE 73 SOUTH KOREA: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY MODULE TYPE, 2022–2030 (USD MILLION) 78

TABLE 74 SOUTH KOREA: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY GRID CONNECTIVITY, 2022–2030 (USD MILLION) 78

TABLE 75 SOUTH KOREA: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY APPLICATION, 2022–2030 (USD MILLION) 78

TABLE 76 REST OF ASIA-PACIFIC: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY TECHNOLOGY, 2022–2030 (USD MILLION) 79

TABLE 77 REST OF ASIA-PACIFIC: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY MODULE TYPE, 2022–2030 (USD MILLION) 79

TABLE 78 REST OF ASIA-PACIFIC: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY GRID CONNECTIVITY, 2022–2030 (USD MILLION) 80

TABLE 79 REST OF ASIA-PACIFIC: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY APPLICATION, 2022–2030 (USD MILLION) 80

TABLE 80 MIDDLE EAST & AFRICA: SOLAR PANELS MARKET, BY COUNTRY, 2022–2030 (USD MILLION) 81

TABLE 81 MIDDLE EAST & AFRICA: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY TECHNOLOGY, 2022–2030 (USD MILLION) 81

TABLE 82 MIDDLE EAST & AFRICA: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY MODULE TYPE, 2022–2030 (USD MILLION) 82

TABLE 83 MIDDLE EAST & AFRICA: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY GRID CONNECTIVITY, 2022–2030 (USD MILLION) 82

TABLE 84 MIDDLE EAST & AFRICA:SOLAR PANELS MARKET ESTIMATES & FORECAST, BY APPLICATION, 2022–2030 (USD MILLION) 82

TABLE 85 SAUDI ARABIA: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY TECHNOLOGY, 2022–2030 (USD MILLION) 83

TABLE 86 SAUDI ARABIA:SOLAR PANELS MARKET ESTIMATES & FORECAST, BY MODULE TYPE, 2022–2030 (USD MILLION) 83

TABLE 87 SAUDI ARABIA: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY GRID CONNECTIVITY, 2022–2030 (USD MILLION) 83

TABLE 88 SAUDI ARABIA: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY APPLICATION, 2022–2030 (USD MILLION) 84

TABLE 89 UAE: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY TECHNOLOGY, 2022–2030 (USD MILLION) 84

TABLE 90 UAE: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY MODULE TYPE, 2022–2030 (USD MILLION) 85

TABLE 91 UAE: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY GRID CONNECTIVITY, 2022–2030 (USD MILLION) 85

TABLE 92 UAE:SOLAR PANELS MARKET ESTIMATES & FORECAST, BY APPLICATION, 2022–2030 (USD MILLION) 85

TABLE 93 SOUTH AFRICA: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY TECHNOLOGY, 2022–2030 (USD MILLION) 86

TABLE 94 SOUTH AFRICA: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY MODULE TYPE, 2022–2030 (USD MILLION) 86

TABLE 95 SOUTH AFRICA: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY GRID CONNECTIVITY, 2022–2030 (USD MILLION) 86

TABLE 96 SOUTH AFRICA: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY APPLICATION, 2022–2030 (USD MILLION) 87

TABLE 97 REST OF MIDDLE EAST & AFRICA: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY TECHNOLOGY, 2022–2030 (USD MILLION) 87

TABLE 98 REST OF MIDDLE EAST & AFRICA: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY MODULE TYPE, 2022–2030 (USD MILLION) 88

TABLE 99 REST OF MIDDLE EAST & AFRICA: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY GRID CONNECTIVITY, 2022–2030 (USD MILLION) 88

TABLE 100 REST OF MIDDLE EAST & AFRICA: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY APPLICATION, 2022–2030 (USD MILLION) 88

TABLE 101 SOUTH AMERICA: SOLAR PANELS MARKET, BY COUNTRY, 2022–2030 (USD MILLION) 89

TABLE 102 SOUTH AMERICA: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY TECHNOLOGY, 2022–2030 (USD MILLION) 89

TABLE 103 SOUTH AMERICA: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY MODULE TYPE, 2022–2030 (USD MILLION) 89

TABLE 104 SOUTH AMERICA: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY GRID CONNECTIVITY, 2022–2030 (USD MILLION) 90

TABLE 105 SOUTH AMERICA: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY APPLICATION, 2022–2030 (USD MILLION) 90

TABLE 106 BRAZIL:SOLAR PANELS MARKET ESTIMATES & FORECAST, BY TECHNOLOGY, 2022–2030 (USD MILLION) 91

TABLE 107 BRAZIL:SOLAR PANELS MARKET ESTIMATES & FORECAST, BY MODULE TYPE, 2022–2030 (USD MILLION) 91

TABLE 108 BRAZIL: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY GRID CONNECTIVITY, 2022–2030 (USD MILLION) 91

TABLE 109 BRAZIL:SOLAR PANELS MARKET ESTIMATES & FORECAST, BY APPLICATION, 2022–2030 (USD MILLION) 92

TABLE 110 ARGENTINA: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY TECHNOLOGY, 2022–2030 (USD MILLION) 92

TABLE 111 ARGENTINA: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY MODULE TYPE, 2022–2030 (USD MILLION) 93

TABLE 112 ARGENTINA: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY GRID CONNECTIVITY, 2022–2030 (USD MILLION) 93

TABLE 113 ARGENTINA: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY APPLICATION, 2022–2030 (USD MILLION) 93

TABLE 114 REST OF SOUTH AMERICA: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY TECHNOLOGY, 2022–2030 (USD MILLION) 94

TABLE 115 REST OF SOUTH AMERICA:SOLAR PANELS MARKET ESTIMATES & FORECAST, BY MODULE TYPE, 2022–2030 (USD MILLION) 94

TABLE 116 REST OF SOUTH AMERICA: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY GRID CONNECTIVITY, 2022–2030 (USD MILLION) 95

TABLE 117 REST OF SOUTH AMERICA: SOLAR PANELS MARKET ESTIMATES & FORECAST, BY APPLICATION, 2022–2030 (USD MILLION) 95

TABLE 118 KEY DEVELOPMENTS: MERGERS& ACQUISITIONS 98

TABLE 119 KEY DEVELOPMENTS: EXPANSIONS 99

TABLE 120 KEY DEVELOPMENTS: PRODUCT DEVELOPMENTS 100

TABLE 121 KEY DEVELOPMENTS: MERGERS& AGREEMENTS 101

TABLE 122 TRINA SOLAR CO., LTD.: PRODUCTS OFFERED 102

TABLE 123 TRINA SOLAR CO., LTD.: KEY DEVELOPMENTS 103

TABLE 124 CANADIAN SOLAR INC: PRODUCTS OFFERED 106

TABLE 125 CANADIAN SOLAR INC.: KEY DEVELOPMENTS 106

TABLE 126 SUNPOWER CORPORATION: PRODUCTS OFFERED 109

TABLE 127 SUNPOWER CORPORATION: KEY DEVELOPMENTS 110

TABLE 128 JINKO SOLAR HOLDING CO. LTD: PRODUCTS OFFERED 114

TABLE 129 JINKO SOLAR HOLDING CO. LTD: KEY DEVELOPMENTS 114

TABLE 130 HANWHA GROUP: PRODUCTS OFFERED 116

TABLE 131 HANWHA GROUP: KEY DEVELOPMENTS 117

TABLE 132 PHOTONIX SOLAR PRIVATE LIMITED: PRODUCTS OFFERED 118

TABLE 133 KYOCERA CORPORATION: PRODUCTS OFFERED 119

TABLE 134 KYOCERA CORPORATION: KEY DEVELOPMENTS 120

TABLE 135 AGL ENERGY: PRODUCTS OFFERED 122

TABLE 136 AGL ENERGY: KEY DEVELOPMENTS 123

TABLE 137 ABENGOA SOLAR: PRODUCTS OFFERED 125

TABLE 138 AGL ENERGY: PRODUCTS OFFERED 126

TABLE 139 YINGLI SOLAR: PRODUCTS OFFERED 127

TABLE 140 YINGLI SOLAR: KEY DEVELOPMENTS 127

TABLE 141 FIRST SOLAR INC: PRODUCTS OFFERED 129

TABLE 142 FIRST SOLAR INC: KEY DEVELOPMENTS 129

TABLE 143 JA SOLAR HOLDINGS CO. LTD.: PRODUCTS OFFERED 130

TABLE 144 JA SOLAR HOLDINGS CO. LTD.: KEY DEVELOPMENTS 130

LIST OF FIGURES

FIGURE 1 MARKET SYNOPSIS 16

FIGURE 2 MARKET ATTRACTIVENESS ANALYSIS: GLOBAL SOLAR PANELS MARKET 17

FIGURE 3 GLOBAL SOLAR PANELS MARKET ANALYSIS, BY TECHNOLOGY 18

FIGURE 4 GLOBAL SOLAR PANELS MARKET ANALYSIS, BY MODULE TYPE 19

FIGURE 5 GLOBAL SOLAR PANELS MARKET ANALYSIS, BY GRID CONNECTIVITY 20

FIGURE 6 GLOBAL SOLAR PANELS MARKET ANALYSIS, BY APPLICATION 21

FIGURE 7 GLOBAL SOLAR PANELS MARKET ANALYSIS, BY REGION 22

FIGURE 8 GLOBAL SOLAR PANELS MARKET: STRUCTURE 24

FIGURE 9 KEY BUYING CRITERIA FOR GLOBAL SOLAR PANELS MARKET 24

FIGURE 10 RESEARCH PROCESS 25

FIGURE 11 TOP-DOWN & BOTTOM-UP APPROACH 28

FIGURE 12 NORTH AMERICA: SOLAR PANELS MARKET SIZE & MARKET SHARE, BY COUNTRY (2021 VS 2027) 31

FIGURE 13 EUROPE: SOLAR PANELS MARKET SIZE & MARKET SHARE, BY COUNTRY (2021 VS 2027) 31

FIGURE 14 ASIA-PACIFIC: SOLAR PANELS MARKET SIZE & MARKET SHARE, BY COUNTRY (2021 VS 2027) 32

FIGURE 15 SOUTH AMERICA: SOLAR PANELS MARKET SIZE & MARKET SHARE, BY COUNTRY (2021 VS 2027) 32

FIGURE 16 MIDDLE EAST & AFRICA: SOLAR PANELS MARKET SIZE & MARKET SHARE, BY COUNTRY (2021 VS 2027) 33

FIGURE 17 DRO ANALYSIS: GLOBAL SOLAR PANELS MARKET 34

FIGURE 18 SUPPLY CHAIN ANALYSIS: GLOBAL SOLAR PANELS MARKET 39

FIGURE 19 PORTER'S FIVE FORCES ANALYSIS: GLOBAL SOLAR PANELS MARKET 40

FIGURE 20 GLOBAL SOLAR PANELS MARKET, BY TECHNOLOGY, 2021 (% SHARE) 42

FIGURE 21 GLOBAL SOLAR PANELS MARKET, BY TECHNOLOGY, 2022 TO 2030 (USD MILLION) 42

FIGURE 22 GLOBAL SOLAR PANELS MARKET, BY MODULE TYPE, 2021 (% SHARE) 44

FIGURE 23 GLOBAL SOLAR PANELS MARKET, BY MODULE TYPE, 2022 TO 2030 (USD MILLION) 44

FIGURE 24 GLOBAL SOLAR PANELS MARKET, BY GRID CONNECTIVITY, 2019 (% SHARE) 46

FIGURE 25 GLOBAL SOLAR PANELS MARKET, BY GRID CONNECTIVITY, 2022 TO 2030(USD MILLION) 46

FIGURE 26 GLOBAL SOLAR PANELS MARKET, BY APPLICATION, 2021 (% SHARE) 48

FIGURE 27 GLOBAL SOLAR PANELS MARKET, BY APPLICATION, 2022 TO 2030 (USD MILLION) 48

FIGURE 28 GLOBAL SOLAR PANELS MARKET, BY REGION, 2021 (% SHARE 50

FIGURE 29 GLOBAL SOLAR PANELS MARKET, BY REGION, 2022–2030 (USD MILLION) 51

FIGURE 30 BENCHMARKING OF MAJOR COMPETITORS 97

FIGURE 31 GLOBAL SOLAR PANELS MARKET SHARE ANALYSIS, 2019 98

FIGURE 32 TRINA SOLAR: SWOT ANALYSIS 103

FIGURE 33 CANADIAN SOLAR INC: FINANCIAL OVERVIEW SNAPSHOT 105

FIGURE 34 CANADIAN SOLAR INC: SWOT ANALYSIS 107

FIGURE 35 SUNPOWER CORPORATION: FINANCIAL OVERVIEW SNAPSHOT 109

FIGURE 36 SUNPOWER CORPORATION: SWOT ANALYSIS 110

FIGURE 37 JINKO SOLAR HOLDING CO. LTD: FINANCIAL OVERVIEW SNAPSHOT 113

FIGURE 38 HANWHA GROUP: FINANCIAL OVERVIEW SNAPSHOT 116

FIGURE 39 AGL ENERGY: FINANCIAL OVERVIEW SNAPSHOT 122

FIGURE 40 ABENGOA SOLAR: FINANCIAL OVERVIEW SNAPSHOT 124

FIGURE 41 FIRST SOLAR INC.: FINANCIAL OVERVIEW SNAPSHOT 128

Solar Panels Market Segmentation


Solar Panels Technology Outlook (USD Billion, 2018-2030)




  • Solar PV




  • Concentrated Solar Power




Solar Panels Module Type Outlook (USD Billion, 2018-2030)




  • Thin Film




  • Crystalline




Solar Panels Grid Connectivity Outlook (USD Billion, 2018-2030)




  • On-Grid




  • Off-Grid




Solar Panels Application Outlook (USD Billion, 2018-2030)




  • Residential




  • Commercial




  • Industrial




Solar Panels Regional Outlook (USD Billion, 2018-2030)




  • North America Outlook (USD Billion, 2018-2030)




    • North America Solar Panels by Technology




      • Solar PV




      • Concentrated Solar Power






    • North America Solar Panels by Module Type




      • Thin Film




      • Crystalline






    • North America Solar Panels by Grid Connectivity




      • On-Grid




      • Off-Grid






    • North America Solar Panels by Application




      • Residential




      • Commercial




      • Industrial






    • US Outlook (USD Billion, 2018-2030)




    • US Solar Panels by Technology




      • Solar PV




      • Concentrated Solar Power






    • US Solar Panels by Module Type




      • Thin Film




      • Crystalline






    • US Solar Panels by Grid Connectivity




      • On-Grid




      • Off-Grid






    • US Solar Panels by Application




      • Residential




      • Commercial




      • Industrial






    • CANADA Outlook (USD Billion, 2018-2030)




    • CANADA Solar Panels by Technology




      • Solar PV




      • Concentrated Solar Power






    • CANADA Solar Panels by Module Type




      • Thin Film




      • Crystalline






    • CANADA Solar Panels by Grid Connectivity




      • On-Grid




      • Off-Grid






    • CANADA Solar Panels by Application




      • Residential




      • Commercial




      • Industrial








  • Europe Outlook (USD Billion, 2018-2030)




    • Europe Solar Panels by Technology




      • Solar PV




      • Concentrated Solar Power






    • Europe Solar Panels by Module Type




      • Thin Film




      • Crystalline






    • Europe Solar Panels by Grid Connectivity




      • On-Grid




      • Off-Grid






    • Europe Solar Panels by Application




      • Residential




      • Commercial




      • Industrial






    • Germany Outlook (USD Billion, 2018-2030)




    • Germany Solar Panels by Technology




      • Solar PV




      • Concentrated Solar Power






    • Germany Solar Panels by Module Type




      • Thin Film




      • Crystalline






    • Germany Solar Panels by Grid Connectivity




      • On-Grid




      • Off-Grid






    • Germany Solar Panels by Application




      • Residential




      • Commercial




      • Industrial






    • France Outlook (USD Billion, 2018-2030)




    • France Solar Panels by Technology




      • Solar PV




      • Concentrated Solar Power






    • France Solar Panels by Module Type




      • Thin Film




      • Crystalline






    • France Solar Panels by Grid Connectivity




      • On-Grid




      • Off-Grid






    • France Solar Panels by Application




      • Residential




      • Commercial




      • Industrial






    • UK Outlook (USD Billion, 2018-2030)




    • UK Solar Panels by Technology




      • Solar PV




      • Concentrated Solar Power






    • UK Solar Panels by Module Type




      • Thin Film




      • Crystalline






    • UK Solar Panels by Grid Connectivity




      • On-Grid




      • Off-Grid






    • UK Solar Panels by Application




      • Residential




      • Commercial




      • Industrial






    • ITALY Outlook (USD Billion, 2018-2030)




    • ITALY Solar Panels by Technology




      • Solar PV




      • Concentrated Solar Power






    • ITALY Solar Panels by Module Type




      • Thin Film




      • Crystalline






    • ITALY Solar Panels by Grid Connectivity




      • On-Grid




      • Off-Grid






    • ITALY Solar Panels by Application




      • Residential




      • Commercial




      • Industrial






    • SPAIN Outlook (USD Billion, 2018-2030)




    • Spain Solar Panels by Technology




      • Solar PV




      • Concentrated Solar Power






    • Spain Solar Panels by Module Type




      • Thin Film




      • Crystalline






    • Spain Solar Panels by Grid Connectivity




      • On-Grid




      • Off-Grid






    • Spain Solar Panels by Application




      • Residential




      • Commercial




      • Industrial






    • Rest Of Europe Outlook (USD Billion, 2018-2030)




    • Rest Of Europe Solar Panels by Technology




      • Solar PV




      • Concentrated Solar Power






    • REST OF EUROPE Solar Panels by Module Type




      • Thin Film




      • Crystalline






    • REST OF EUROPE Solar Panels by Grid Connectivity




      • On-Grid




      • Off-Grid






    • REST OF EUROPE Solar Panels by Application




      • Residential




      • Commercial




      • Industrial








  • Asia-Pacific Outlook (USD Billion, 2018-2030)




    • Asia-Pacific Solar Panels by Technology




      • Solar PV




      • Concentrated Solar Power






    • Asia-Pacific Solar Panels by Module Type




      • Thin Film




      • Crystalline






    • Asia-Pacific Solar Panels by Grid Connectivity




      • On-Grid




      • Off-Grid






    • Asia-Pacific Solar Panels by Application




      • Residential




      • Commercial




      • Industrial






    • China Outlook (USD Billion, 2018-2030)




    • China Solar Panels by Technology




      • Solar PV




      • Concentrated Solar Power






    • China Solar Panels by Module Type




      • Thin Film




      • Crystalline






    • China Solar Panels by Grid Connectivity




      • On-Grid




      • Off-Grid






    • China Solar Panels by Application




      • Residential




      • Commercial




      • Industrial






    • Japan Outlook (USD Billion, 2018-2030)




    • Japan Solar Panels by Technology




      • Solar PV




      • Concentrated Solar Power






    • Japan Solar Panels by Module Type




      • Thin Film




      • Crystalline






    • Japan Solar Panels by Grid Connectivity




      • On-Grid




      • Off-Grid






    • Japan Solar Panels by Application




      • Residential




      • Commercial




      • Industrial






    • India Outlook (USD Billion, 2018-2030)




    • India Solar Panels by Technology




      • Solar PV




      • Concentrated Solar Power






    • India Solar Panels by Module Type




      • Thin Film




      • Crystalline






    • India Solar Panels by Grid Connectivity




      • On-Grid




      • Off-Grid






    • India Solar Panels by Application




      • Residential




      • Commercial




      • Industrial






    • Australia Outlook (USD Billion, 2018-2030)




    • Australia Solar Panels by Technology




      • Solar PV




      • Concentrated Solar Power






    • Australia Solar Panels by Module Type




      • Thin Film




      • Crystalline






    • Australia Solar Panels by Grid Connectivity




      • On-Grid




      • Off-Grid






    • Australia Solar Panels by Application




      • Residential




      • Commercial




      • Industrial






    • Rest of Asia-Pacific Outlook (USD Billion, 2018-2030)




    • Rest of Asia-Pacific Solar Panels by Technology




      • Solar PV




      • Concentrated Solar Power






    • Rest of Asia-Pacific Solar Panels by Module Type




      • Thin Film




      • Crystalline






    • Rest of Asia-Pacific Solar Panels by Grid Connectivity




      • On-Grid




      • Off-Grid






    • Rest of Asia-Pacific Solar Panels by Application




      • Residential




      • Commercial




      • Industrial








  • Rest of the World Outlook (USD Billion, 2018-2030)




    • Rest of the World Solar Panels by Technology




      • Solar PV




      • Concentrated Solar Power






    • Rest of the World Solar Panels by Module Type




      • Thin Film




      • Crystalline






    • Rest of the World Solar Panels by Grid Connectivity




      • On-Grid




      • Off-Grid






    • Rest of the World Solar Panels by Application




      • Residential




      • Commercial




      • Industrial






    • Middle East Outlook (USD Billion, 2018-2030)




    • Middle East Solar Panels by Technology




      • Solar PV




      • Concentrated Solar Power






    • Middle East Solar Panels by Module Type




      • Thin Film




      • Crystalline






    • Middle East Solar Panels by Grid Connectivity




      • On-Grid




      • Off-Grid






    • Middle East Solar Panels by Application




      • Residential




      • Commercial




      • Industrial






    • Africa Outlook (USD Billion, 2018-2030)




    • Africa Solar Panels by Technology




      • Solar PV




      • Concentrated Solar Power






    • Africa Solar Panels by Module Type




      • Thin Film




      • Crystalline






    • Africa Solar Panels by Grid Connectivity




      • On-Grid




      • Off-Grid






    • Africa Solar Panels by Application




      • Residential




      • Commercial




      • Industrial






    • Latin America Outlook (USD Billion, 2018-2030)




    • Latin America Solar Panels by Technology




      • Solar PV




      • Concentrated Solar Power






    • Latin America Solar Panels by Module Type




      • Thin Film




      • Crystalline






    • Latin America Solar Panels by Grid Connectivity




      • On-Grid




      • Off-Grid






    • Latin America Solar Panels by Application




      • Residential




      • Commercial




      • Industrial







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Research Methodology on Solar Panels Market


Abstract


The purpose of this research is to study the current market trends of solar panels and their related products. The research scientifically examines the market structure, size and growth of the various segments in the solar power market. This research also provides an in-depth analysis of the various participants in the solar power industry, as well as their key strategies, market segmentation and environmental impact. The research aims to provide a comprehensive overview of the solar power market and to help industry players make informed decisions regarding their investment and product strategies.


Introduction


Solar energy is a renewable and clean energy source that has made significant gains in the global energy market in recent years. Due to its cost-effectiveness, reliability, and scalability, solar energy market has become popular with energy producers, policymakers, and consumers alike. Solar energy is expected to meet increasingly more of the global energy needs in the coming years, owing to supportive government policies and the falling cost of solar panels.


The solar power market consists of various segments such as photovoltaic (PV) panels, thin-film solar cells, solar farms, and solar modules.


The purpose of this research is to provide a comprehensive overview of the current market trends and landscape of the solar power market. The research investigates the key market segments, their structure, size and growth rate, and identifies emerging trends and industry participants. Additionally, the research provides detailed insights into the different strategies used by industry players and the associated environmental implications.


Methodology


Data Collection


The research employs a qualitative and quantitative approach to data collection. Qualitative methods such as interviews, focus group discussions, and field studies are used to obtain an in-depth understanding of the research topic, as well as the various views and opinions of industry players. Additionally, quantitative methods such as surveys, questionnaires, and statistical analysis are used to analyze the larger body of data.


The research is based primarily on secondary data and information gathered from the following sources:


-Government records & documents


-Industry reports & periodicals


-Market research reports


-Online databases


-Academic & industry journals


Data Analysis


The collected data is analyzed using a combination of techniques, including statistical methods and econometric tools to identify the key market trends, competitive dynamics, and customer preferences. The collected data is also analyzed using descriptive and inferential techniques such as Exploratory Data Analysis (EDA), estimation models, and clustering techniques to provide an in-depth analysis of the market structure. Additionally, the research employs SWOT analysis to identify the key strengths, opportunities, weaknesses, and threats of the various market participants.


Ethics and Validity


The research strictly adheres to all ethical principles of conducting research, and the collected data will be treated with the utmost confidentiality. Validity will be ensured throughout the research process by employing scientific methods of analysis and cross-validating the collected data. Every effort will be made to ensure the accuracy and reliability of the collected data and the results obtained from the analysis.


Expected Results


The research is expected to provide an in-depth understanding of the solar power market and its related segments. It also provides insights into the current trends, future growth prospects, and key strategic decisions of industry participants. Additionally, the research examines the environmental implications of the various strategies employed by industry players.


Conclusion


The research is intended to provide a comprehensive overview of the current market trends and dynamics of the solar power market and to help industry players gain a competitive edge in the market. The methodology outlined in this paper will help ensure a high-quality research output and provide value to industry participants.

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