Global Solar Panel Market to Witness Impressive Growth, Revenue to Surge to USD 205.31 billion By 2028

29-Apr-2021 | Zion Market Research

The global solar panel market accounted for USD 109.33 billion in 2020 and is expected to reach USD 205.31 billion by 2028, growing at a CAGR of 8.7% from 2021 to 2028.

The report covers forecast and analysis for the solar panel market on a global and regional level. The study provides historic data of 2016 to 2020 along with a forecast for 2021 to 2028 based revenue (USD million). The study includes drivers and restraints for the solar panel market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the solar panel market on a global level.

In order to give the users of this report a comprehensive view on the solar panel market, we have included a detailed value chain analysis. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the solar panel market has also been included. The study encompasses a market attractiveness analysis, wherein type segments are benchmarked based on their market size, growth rate, and general attractiveness.

Global Solar Panel Market

The study provides a decisive view on the solar panel market by segmenting the market based on product types and applications. The type segments covered under this study includes mono-crystalline, poly-crystalline, and thin-film solar panel. Residential, commercial and utility are the application segments of the global solar panel market. All the type and application segments have been analyzed based on present and future trends and the market is estimated from 2021 to 2028. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and Middle East & Africa. This segmentation includes demand for individual segments in all the regions.

The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global solar panel market. Key players profiled in the report include Renesola, JinkoSolar Holding Co., Ltd., JA Solar Holdings Co Ltd., Canadian Solar Inc., First Solar, Inc., Trina Solar Limited, Hanwha Q CELLS (Hanwha Group), Motech Industries Inc., Yingli Green Energy Holding Company Limited, and Shunfeng International Clean Energy Limited among others.

Browse the full “Solar Panel Market By Technology (Mono-Crystalline, Poly-Crystalline, And Thin-Film Solar Panel), By End User (Residential, Commercial And Utility): Global Industry Perspective, Comprehensive Analysis And Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/solar-panels-market

The global solar panel market is segmented as follows:

By Technology

  • Mono-Crystalline
  • Poly-Crystalline
  • Thin-Film Solar Panel

By End User

  • Residential
  • Commercial
  • Utility

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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