Solar Energy Panel Market - Global Industry Analysis

Solar Energy Panel Market - By Technology (Thin Films and Crystalline Silicon), By Application (Residential and Commercial) And By Region- Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Published Date: 06-May-2021 Category: Energy & Mining Report Format : PDF Pages: 160 Report Code: ZMR-6220 Status : Published

The global Solar Energy Panel market accrued earnings worth approximately 114.1 (USD Billion) in 2019 and is predicted to gain revenue of about 121.3 (USD Billion) by 2026, is set to record a CAGR of nearly 4.7% over the period from 2020 to 2026.

Description

The global Solar Energy Panel market accrued earnings worth approximately 114.1 (USD Billion) in 2019 and is predicted to gain revenue of about 121.3 (USD Billion) by 2026, is set to record a CAGR of nearly 4.7% over the period from 2020 to 2026. The report offers assessment and analysis of the Solar Energy Panel market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion).

Solar Energy Panel Market: Overview

Solar energy panel is a type of PV cells arranged in installation framework. These panels make use of rays of the sun as an energy source and produce direct current power. Furthermore, solar energy panels make use of solar PV, concentrated solar power, solar thermal, and concentrated PV for producing solar energy. Moreover, solar energy panels are designed for reducing fossil fuel consumption to minimize both fossil fuel depletion and prevent carbon emissions caused due to fossil fuel emissions in atmosphere. Additionally, sun generates large amount of energy as compared to fossil fuels and this energy is stored in PV cells arranged in solar panels for generating electricity that can be supplied to rapidly increasing population through solar power grid.

Solar Energy Panel Market: Growth Drivers

Surge in the solar energy panel use in residential rooftops will help in generating new growth avenues for solar energy panel industry over the assessment timeline. Escalating utility of renewable energy along with government subsidies promoting use of solar energy and massive deployment of solar energy panels for reducing environmental pollution will contribute sizably towards overall market size in the years ahead. With commercial and residential sectors being major consumers of solar energy and green energy being the popular trends in these sectors, the market for solar energy panel is likely to expound tremendous growth over 2020-2026. Furthermore, need for incessant power supply with rising population base across the globe will exponentiate the evolution of solar energy panel industry over the assessment timespan. Continuous focus of government on resolving problems of energy supply supported by surge in the funding of green energy projects will result in large-scale expansion of solar energy panel business in the coming years. In addition to this, rise in green energy building constructions across the globe will drive the market trends.

Regional Landscape

North American Market To Garner Huge Revenues Over 2020-2026

The regional market growth over the assessment period is due to prominent rise in solar energy panel deployments in the countries like Canada and the U.S. In addition to this, growing inclination towards utilizing renewable energy among the people of the sub-continent has encouraged the use of solar energy panels. This factor has helped in carving & shaping the perfect growth for solar energy panel industry in the recent years. Apart from this, rise in the penetration of the products in the developed countries of the sub-continent will further push the regional market value.

Report Scope :

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Competitive Landscape

Key industry participants provided in the report are JinkoSolar, Hanwha Q-CELLS, Canadian Solar, SunPower Corporation, Shenzhen Yingli New Energy Resources Co., Ltd., GCL-SI, Trina Solar, LONGi Solar, ReneSola, First Solar, Risen Energy, Talesun, and JA Solar.

The global Solar Energy Panel Market is segmented as follows:

By Application

  • Residential
  • Commercial

By Technology

  • Thin Films
  • Crystalline Silicon

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

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market Research Type
      • 1.3.2. Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1. Sular Energy Panel Market, 2016–2026(USD Billion)
    • 2.2. Sular Energy Panel Market: Snapshot
  • Chapter 3. Global Sular Energy Panel Market– Application Analysis
    • 3.1. Sular Energy Panel Market: Market Dynamics
    • 3.2. Market Drivers
      • 3.2.1. Rise in green energy building constructions across the globe will drive the market trends.
      • 3.2.2. Key market drivers include surge in the sular energy panel use in residential rooftops, global renewable energy trends, government subsidies promoting use of sular energy panels in commercial & residential sectors.
    • 3.3. Porter’s Five Forces Analysis
    • 3.4. Market Attractiveness Analysis
      • 3.4.1. Market attractiveness analysis By Application
      • 3.4.2. Market attractiveness analysis By Technology
  • Chapter 4. Global Sular Energy Panel Market– Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global Sular Energy Panel Market: company market share, 2019
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New Product launches
      • 4.2.3. Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4. Research and development and Regional expansion
    • 4.3. Price trend analysis
  • Chapter 5. Global Sular Energy Panel Market– Application Analysis
    • 5.1. Global Sular Energy Panel Market overview: By Application
      • 5.1.1. Global Sular Energy Panel Market share, By Application , 2019 and 2026
    • 5.2. Residential
      • 5.2.1. Global Sular Energy Panel Market by Residential, 2016–2026(USD Billion)
    • 5.3. Commercial
      • 5.3.1. Global Sular Energy Panel Market by Commercial, 2016–2026(USD Billion)
  • Chapter 6. Global Sular Energy Panel Market– Technology Analysis
    • 6.1. Global Sular Energy Panel Market overview: By Technology
      • 6.1.1. Global Sular Energy Panel Market share, By Technology, 2019 and 2026
    • 6.2. Thin Films
      • 6.2.1. Global Sular Energy Panel Market by Thin Films, 2016–2026(USD Billion)
    • 6.3. Crystalline Silicon
      • 6.3.1. Global Sular Energy Panel Market by Crystalline Silicon, 2016–2026(USD Billion)
  • Chapter 7. Company Profiles
    • 7.1. JinkoSular
      • 7.1.1. Overview
      • 7.1.2. Financials
      • 7.1.3. Product Portfolio
      • 7.1.4. Business Strategy
      • 7.1.5. Recent Developments
    • 7.2. Hanwha Q-CELLS
      • 7.2.1. Overview
      • 7.2.2. Financials
      • 7.2.3. Product Portfolio
      • 7.2.4. Business Strategy
      • 7.2.5. Recent Developments
    • 7.3. Canadian Sular
      • 7.3.1. Overview
      • 7.3.2. Financials
      • 7.3.3. Product Portfolio
      • 7.3.4. Business Strategy
      • 7.3.5. Recent Development
    • 7.4. SunPower Corporation
      • 7.4.1. Overview
      • 7.4.2. Financials
      • 7.4.3. Product Portfolio
      • 7.4.4. Business Strategy
      • 7.4.5. Recent Development
    • 7.5. Shenzhen Yingli New Energy Resources Co., Ltd.
      • 7.5.1. Overview
      • 7.5.2. Financials
      • 7.5.3. Product Portfolio
      • 7.5.4. Business Strategy
      • 7.5.5. Recent Development
    • 7.6. GCL-SI
      • 7.6.1. Overview
      • 7.6.2. Financials
      • 7.6.3. Product Portfolio
      • 7.6.4. Business Strategy
      • 7.6.5. Recent Development
    • 7.7. Trina Sular
      • 7.7.1. Overview
      • 7.7.2. Financials
      • 7.7.3. Product Portfolio
      • 7.7.4. Business Strategy
      • 7.7.5. Recent Development
    • 7.8. LONGi Sular
      • 7.8.1. Overview
      • 7.8.2. Financials
      • 7.8.3. Product Portfolio
      • 7.8.4. Business Strategy
      • 7.8.5. Recent Development
    • 7.9. ReneSula
      • 7.9.1. Overview
      • 7.9.2. Financials
      • 7.9.3. Product Portfolio
      • 7.9.4. Business Strategy
      • 7.9.5. Recent Development
    • 7.10. First Sular
      • 7.10.1. Overview
      • 7.10.2. Financials
      • 7.10.3. Product Portfolio
      • 7.10.4. Business Strategy
      • 7.10.5. Recent Development
    • 7.11. Risen Energy
      • 7.11.1. Overview
      • 7.11.2. Financials
      • 7.11.3. Product Portfolio
      • 7.11.4. Business Strategy
      • 7.11.5. Recent Development
    • 7.12. Talesun, and JA Sular.
      • 7.12.1. Overview
      • 7.12.2. Financials
      • 7.12.3. Product Portfolio
      • 7.12.4. Business Strategy
      • 7.12.5. Recent Development
    • 7.13. JA Sular
      • 7.13.1. Overview
      • 7.13.2. Financials
      • 7.13.3. Product Portfolio
      • 7.13.4. Business Strategy
      • 7.13.5. Recent Development

Methodology


Frequently Asked Questions

Surge in the solar energy panel use in residential rooftops will help in generating new growth avenues for solar energy panel industry over the assessment timeline. Escalating utility of renewable energy along with government subsidies promoting use of solar energy and massive deployment of solar energy panels for reducing environmental pollution will contribute sizably towards overall market size in the years ahead. With commercial and residential sectors being major consumers of solar energy and green energy being the popular trends in these sectors, the market for solar energy panel is likely to expound tremendous growth over 2020-2026. Furthermore, need for incessant power supply with rising population base across the globe will exponentiate the evolution of solar energy panel industry over the assessment timespan. Continuous focus of government on resolving problems of energy supply supported by surge in the funding of green energy projects will result in large-scale expansion of solar energy panel business in the coming years.

According to Zion market research report, the global Solar Energy Panel market accrued earnings worth approximately 114.1 (USD Billion) in 2019 and is predicted to gain revenue of about 121.3 (USD Billion) by 2026, is set to record a CAGR of nearly 4.7% over the period from 2020 to 2026.

North America will contribute lucratively towards the global market size over the estimated timeline. The regional market surge is owing to to prominent rise in solar energy panel deployments in the countries like Canada and the U.S. In addition to this, growing inclination towards utilizing renewable energy among the people of the sub-continent has encouraged the use of solar energy panels. This factor has helped in carving & shaping the perfect growth for solar energy panel industry in the recent years. Apart from this, rise in the penetration of the products in the developed countries of the sub-continent will further push the regional market value.

The key market participants include JinkoSolar, Hanwha Q-CELLS, Canadian Solar, SunPower Corporation, Shenzhen Yingli New Energy Resources Co., Ltd., GCL-SI, Trina Solar, LONGi Solar, ReneSola, First Solar, Risen Energy, Talesun, and JA Solar.

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