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THE GLOBAL SOLAR PANEL MARKET SIZE IS EXPECTED TO REACH USD 273.15 BILLION BY 2029 FROM USD 187.69 BILLION IN 2023, GROWING AT A CAGR OF 6.45% DURING THE FORECAST PERIOD.
The Solar Panel Market Size, Share, & Trends Analysis Report By
- Grid Type: On-grid and Off-grid
- End-user: Commercial, Utilities and Energy Companies, Industrial, Residential, Agriculture Sectors, Military and Defence Sectors, and Others
- Type: Monocrystalline Solar Panel, Polycrystalline Solar Panel, Thin-film Solar Panel, Bifacial Solar Panel, and Others
- Power Capacity: Small-Scale Solar Panels (<10 kW), Medium-Scale Solar Panels (10 kW - 100 kW), Large-Scale Solar Panels (100 kW - 1 MW), and Utility-Scale Solar Panels (>1 MW)
- Installation: Rooftop Solar Panels, Ground-Mounted Solar Panels, BPIV, and Others
- Geography: North America, Europe, APAC, Latin America, and Middle East & Africa
Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast 2024–2029.
This report includes market data points, ranging from trend
analyses to market estimates & forecasts that you can customize
GLOBAL SOLAR PANEL MARKET REPORT SCOPE
| REPORT ATTRIBUTE | DETAILS |
|---|---|
| Market Size (2029) | USD 273.15 Billion |
| Market Size (2023) | USD 187.69 Billion |
| CAGR (2023-2029) | 6.45% |
| HISTORIC YEAR | 2020-2022 |
| BASE YEAR | 2023 |
| FORECAST YEAR | 2024-2029 |
| SEGMENTS BY | Grid Type, End-user, Type, Power Capacity, Installation, and Geography |
| GEOGRAPHIC ANALYSIS | North America, Europe, APAC, Latin America, and Middle East & Africa |
| KEY PLAYERS | JinkoSolar, Canadian Solar, Trina Solar, SunPower Corp, Hanwha Q Cells, Aiko Solar, LONGi Solar, Risen Energy, Kaneka Corporation, and Shell International Ltd |
MARKET INSIGHTS
The solar panel market size was valued at USD 187.69 billion in 2023 and is projected to reach USD 273.15 billion by 2029, growing at a steady CAGR of 6.45%. This growth is fueled by rising awareness of climate change and continuous innovations in photovoltaic (PV) panel design, materials, and manufacturing processes. Advances in solar technology, including higher efficiency and longer lifespans, are not only enhancing the adoption of solar panels but also unlocking new opportunities, such as their integration into consumer goods and home appliances, thanks to improved output, reliability, and cost reductions.
Solar panels play a crucial role in powering commercial spaces by providing reliable illumination and energy. The growing deployment of solar power plants connected to the grid via on-grid inverters and the increasing use of off-grid solar panels in industrial, commercial, and residential sectors are significantly boosting the market value. As buildings account for up to 24% of greenhouse gas emissions and over 40% of global electricity consumption, the urgency to adopt clean, renewable energy like solar is clear. The world faces mounting energy shortages and the effects of climate change, underscoring the unsustainability of current energy systems and the pressing need to transition to sustainable energy sources.
Additionally, renovations, infrastructure development, and remodeling of existing buildings are driving demand for solar panels. In established markets like North America and Europe, growth is largely propelled by innovative products from key players. Europe’s infrastructure projects are expected to attract investments totaling USD 14.8 trillion by 2040, creating a massive demand for solar energy solutions. Similarly, China's urbanization boom has triggered a surge in real estate developments and public-private investments across residential, industrial, and commercial sectors, further fueling the demand for solar panels. With these trends, the solar panel market is poised for robust expansion in the years to come.
MARKET TRENDS & OPPORTUNITIES
Advancements in Solar Technology
Solar panel technology has made massive strides that have made it easier to acquire solar panels. Efficiency has become a part of the specifications consideration, which means current panels produce more electricity from the limited sunlight that always falls on the panel’s surface. Manufacturing methods have improved, reducing costs and lowering the economic barrier to entry, enabling more people to invest in solar power. Silicon solar cells dominate the market and have undergone continuous refinement and improvement. Advances in silicon wafer manufacturing, such as developing monocrystalline and polycrystalline silicon cells, have increased cell efficiency and reduced production costs. Also, new advancements in solar panel technology increase market demand by making solar energy more efficient, durable, affordable, and versatile. As these technologies evolve, they will be critical in accelerating the transition to a clean, sustainable energy future. Furthermore, innovative designs, applications, and supportive government policies and incentives have further accelerated the growth of the solar panel market.
Growth of Green Building Activities
A green building creates structures using environmentally sustainable and resource-efficient processes throughout the building's lifecycle, from siting to design, construction, operation, maintenance, renovation, and deconstruction. Green buildings are also known as sustainable and high-performance buildings. Solar panels are an effective way for a building to meet its sustainability standards. These solar panels can provide abundant eco-friendly energy resources, reducing or eliminating the need for electric consumption. As a result, solar-powered buildings contribute to green building certifications, such as LEED (Leadership in Energy and Environmental Design) and BREEAM (Building Research Establishment Environmental Assessment Method), by meeting criteria related to energy efficiency, renewable energy use, and environmental performance.
INDUSTRY RESTRAINTS
High Initial Cost
Raw materials constitute the largest cost component in the manufacture of solar panels. Moreover, raw materials account for 50−60% of the overall cost of the final products. The prices of major raw materials, such as glass, plastic, timber, and aluminum, used to manufacture solar panels have increased significantly over the past few years. The volatility of raw material prices seriously threatens vendor profit margins in the solar panel market. Other operating expenses, such as labor costs, have risen steadily over the past few years. Adding to all these costs, cheaper and cost-effective solar panels and modules made by Chinese and other international manufacturers have harmed the profits of the major market vendors. All these factors burden vendors who have strived to produce affordable and value-added products to cope with the intense market competition.
SEGMENTATION INSIGHTS
INSIGHTS BY GRID TYPE
The global solar panel market by grid type is categorized as on-grid and off-grid. The on-grid segment held the largest segmental market share in 2023. On-grid systems are typically the most cost-effective option since they do not require expensive battery storage. Also, on-grid systems are easier to install and maintain compared to off-grid systems. Furthermore, the on-grid solar panel makes two-way interaction with the power grid available. This means the solar panel will supply the grid with excess energy and pull out energy when necessary. Moreover, it detects any disruptions in the power grid, allowing the solar system to switch to a safe mode. Also, regulatory policies and incentives play a significant role in adopting on-grid solar systems, including net metering policies, feed-in tariffs, and tax incentives.
INSIGHTS BY END-USER
The global solar panel market by end-user is segmented into commercial, utilities & energy companies, industrial, residential, agriculture sectors, military and defense sectors, and others. The utilities and energy companies segment holds the dominant segmental market share. The utility market involves utility-scale solar plants, photovoltaic power plants, battery energy storage plants, green power station demonstration projects, and PV Power plants by entities (organizations, sole traders, and partnerships) that provide natural gas, steam supply, electric power, water supply, and sewage removal services. Solar panels are highly utilized in utility sectors for several reasons. Firstly, they offer a sustainable and renewable energy source, which aligns with the growing global emphasis on reducing carbon emissions and combating climate change. This makes them attractive for utility companies aiming to meet renewable energy targets and minimize their environmental impact. Secondly, solar panels can be installed in various locations, from large-scale solar farms to rooftop installations, providing flexibility in deployment. This scalability allows utility companies to adapt their solar energy production to match demand, helping to stabilize the grid and reduce reliance on fossil fuels during peak times. These factors help boost the segmental market share during the forecast period.
INSIGHT BY TYPE
The monocrystalline solar panel type segment dominated the global solar panel market share in 2023. Monocrystalline solar panels are made from single-crystal silicon and are known for their high efficiency and sleek appearance. They typically have higher power output and better performance than other solar panels in low-light conditions. Monocrystalline panels are the most efficient type of solar panels available on the market and have higher efficiency rates than other types like polycrystalline or thin-film solar panels. This means they can produce more electricity per square meter of space. Also, monocrystalline solar panels are space-efficient and require the least space compared to their counterparts, making them ideal for installations where space is limited.
INSIGHT BY POWER CAPACITY
Solar panels are in various sizes to meet energy needs, from individual households to large-scale power plants. Understanding the market dynamics of solar panels in different scale categories is essential for analyzing their adoption and growth trends. Small-scale solar panels, typically with capacities less than 10 kilowatts (kW), are primarily used for residential installations, small businesses, and off-grid applications. Small-scale solar panel systems provide an accessible and cost-effective way for individuals and organizations to generate electricity and reduce grid dependency. Furthermore, the small-scale solar panels (<10 kW) power capacity segment held the most significant share of the global solar panel market in 2023. Also, growing concerns about climate change and environmental sustainability drive the adoption of small-scale Solar panels. Consumers seek cleaner and renewable energy alternatives to reduce their carbon footprint.
INSIGHTS BY INSTALLATION
The global solar panel market by installation is segmented into rooftop solar panels, ground-mounted solar panels, BPIV, and others. The rooftop solar panels segment holds the most prominent global market share. Over the long term, factors such as rising demand in commercial and industrial and government activity towards renewable energy integration are expected to drive segment growth. Also, rooftop solar panels offer homeowners and businesses energy independence by providing a decentralized source of electricity and reducing reliance on the grid. Further, developing countries like India introduced the Grid Connected Solar Rooftop Scheme to encourage solar rooftop facilities by the state and central government. India planned to reach a cumulative installed capacity of about 40,000 MW from Grid Connected Rooftop solar panel projects by the end of March 2026. These factors will help propel segmental market growth in the coming years.
GEOGRAPHICAL ANALYSIS
APAC accounted for the highest share of the global solar panel market in 2023 due to the presence of countries like China, Japan, South Korea, India, and other emerging countries, which are the manufacturing hubs for electronics. Also, the demand for solar panels in the region is driven by stringent regulations for emission standards, better fuel economy, and concerns over sustainability. Furthermore, the region is home to many recognized players and has a high level of technological improvement. The APAC solar panel market is driven by consumer demand for advanced products and services, and there is a substantial investment in R&D to support this demand.
Europe holds a significant share of the global solar panel market, driven by the growth in installation in new buildings and higher demand from renovations and retrofit activities. Major factors have spiked the sales rate for solar panels in Europe: rising average construction spending, increased retail building construction projects, rising government spending on sustainable building development, industrial developments, rapid urbanization, changing climatic conditions, and growth in disposable income across European countries. Also, in the North American solar panel industry, strong economic growth, the establishment of new businesses, company expansions, and increased construction activities have mainly driven the demand for solar panels.
COMPETITIVE LANDSCAPE
The global solar panel market is highly competitive, with many public and private companies. These vendors typically compete on key parameters such as product design, quality, reliability, support services, and price. Rapid technological advancements adversely impact market vendors as consumers expect continuous innovations and product upgrades. The present scenario drives vendors to alter and refine their unique value proposition to achieve a strong market presence. Further, some of the major vendors dominating the global solar panel market include JinkoSolar, Canadian Solar, Trina Solar, SunPower Corp, Hanwha Q Cells, Aiko Solar, LONGi Solar, Risen Energy, Kaneka Corporation, and Shell International Ltd. These brands have many product offerings and a widespread presence in the global market. The major vendors are adopting innovative technologies to retain their strong market position.
SNAPSHOT
The global solar panel market size is expected to grow at a CAGR of approximately 6.45% from 2023 to 2029.
The following factors are likely to contribute to the growth of the global solar panel market during the forecast period:
- Growth of Green Building Activities
- Incorporation of Solar panel in Rooftop
- Increased Construction in the Hospitality Industry
- Favorable Government Policies and Incentives
Base Year: 2023
Forecast Year: 2024-2029
The report considers the present scenario of the global solar panel market and its market dynamics for 2024−2029. It covers a detailed overview of several market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It also profiles and analyzes leading companies and several other prominent companies operating in the industry.
Key Company Profiles
- JinkoSolarBusiness Overview
- Product Offerings
- Key Strategies
- Key Strengths
- Key Opportunities
- Canadian Solar
- Trina Solar
- SunPower Corp
- Hanwha Q Cells
- Aiko Solar
- LONGi Solar
- Risen Energy
- Kaneka Corporation
- Shell International Ltd
Other Prominent Vendors
- GCL-Poly Energy Holdings Limited
- Business Overview
- Product Offerings
- Hanwha SolarOne
- Suntech Power
- Soltecture GmbH
- Talesun Solar
- JA SOLAR TECHNOLOGY CO., LTD
- Boviet Solar Technology Co., Ltd.
- Recom Technologies
- Solar East Holdings Co., Ltd.
- First Solar, Inc
- Hanergy Thin Film Power Group
- Longi Green Energy Technology Co., Ltd.
- Yingli Green Energy
- REC Group
- Enphase Energy
- SolarEdge Technologies, Inc.
- Seraphim Solar System Co., Ltd.
- LG Electronics
- Panasonic Solar
- Silfab Solar
- Qcells
- Axitec Solar
- Heliene
- HT-SAAE
- Hyundai Heavy Industries Green Energy
- Astronergy
- Sharp Solar
- Tongwei Solar
- Yingkou Jinchen Machinery Co., Ltd
- Haitai New Energy
- BYD Company Ltd.
- TBEA Xinjiang SunOasis Co., Ltd
- Znshine PV-Tech Co., Ltd
- Chint Solar (Zhejiang) Co., Ltd.
- GS-Solar Company Ltd
- Hareon Solar Technology Co., Ltd.
- Neo Solar Power Corporation
- Phono Solar Technology Co., Ltd
- Tianjin Zhonghuan Semiconductor Co., Ltd
- China Shuifa Singyes Energy Holdings LTD
- Shanghai Aerospace Automobile Electromechanical Co., Ltd
- Bloom Energy Corp
- Suzlon Energy Ltd
- Solarworld Aktiengesellschaft
- Maxeon Solar Technologies Ltd
Segmentation by Grid Type
- On-grid
- Off-grid
Segmentation by End-user
- Commercial
- Utilities and Energy Companies
- Industrial
- Residential
- Agriculture Sectors
- Military and Defence Sectors
- Others
Segmentation by Type
- Monocrystalline Solar Panel
- Polycrystalline Solar Panel
- Thin-film Solar Panel
- Bifacial Solar Panel
- Others
Segmentation by Power Capacity
- Small-Scale Solar Panels (<10 kW)
- Medium-Scale Solar Panels (10 kW - 100 kW)
- Large-Scale Solar Panels (100 kW - 1 MW)
- Utility-Scale Solar Panels (>1 MW)
Segmentation by Installation
- Rooftop Solar Panels
- Ground-Mounted Solar Panels
- BPIV
- Others
Segmentation by Geography
- APACChina
- Japan
- India
- Australia
- South Korea
- EuropeGermany
- France
- Russia
- The U.K.
- Norway
- Denmark
- Italy
- Poland
- Spain
- North AmericaThe U.S.
- Canada
- Middle East & AfricaSaudi Arabia
- UAE
- South Africa
- Latin AmericaBrazil
- Mexico
- Argentina
Frequently Asked Questions
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EXHIBIT 1 MARKET SIZE CALCULATION APPROACH (2023)
EXHIBIT 2 GLOBAL SOLAR PANEL MARKET BY PRODUCT TYPE
EXHIBIT 3 GLOBAL SOLAR PANEL MARKET BY POWER CAPACITY TYPE
EXHIBIT 4 GLOBAL SOLAR PANEL MARKET BY INSTALLATION TYPE
EXHIBIT 5 NEWLY INSTALLED GLOBAL SOLAR PV CAPACITY BY REGION (GW)
EXHIBIT 6 FACTORS ATTRACTING ONGOING GREEN ENERGY TRANSFORMATION IN 2030
EXHIBIT 7 MAJOR HIGHLIGHTS OF SOLAR PANEL MARKET (2023)
EXHIBIT 8 TOP TEN EUROPEAN COUNTRIES SOLAR ENERGY MARKETS IN 2022 (GIGAWATTS - GW)
EXHIBIT 9 INSIGHTS FOR HOTEL CONSTRUCTION WORLDWIDE (2023)
EXHIBIT 10 ADVANTAGES OF REPOWEREU PLAN
EXHIBIT 11 ADVANTAGES OF SOLAR POWER IN DATA CENTRE:
EXHIBIT 12 SOLAR PANEL SUPPLY CHAIN
EXHIBIT 13 IMPACT OF PROFIT VOLATILITY IN APAC
EXHIBIT 14 IMPACT OF REGULATION ON ENERGY EFFICIENCY DRIVING SOLAR PANEL DEMAND
EXHIBIT 15 IMPACT OF ADVANCES IN SOLAR TECHNOLOGY
EXHIBIT 16 KEY ADVANCES IN SOLAR PANEL MANUFACTURING:
EXHIBIT 17 IMPACT OF RISE IN COMMERCIAL CONSTRUCTION AND PROJECTS
EXHIBIT 18 SIGNIFICANT FACTORS INFLUENCED SOLAR PANEL INDUSTRY
EXHIBIT 19 UPCOMING GLOBAL RAILWAY INFRASTRUCTURE PROJECTS (2023–2024) $ BILLION
EXHIBIT 20 FIVE LARGEST DATA CENTER CONSTRUCTION PROJECTS INITIATED 2022–2024 ($ MILLION)
EXHIBIT 21 IMPACT OF RISING DEMAND FOR CLEAN ENERGY
EXHIBIT 22 IMPACT OF GROWTH OF GREEN BUILDING ACTIVITIES
EXHIBIT 23 ACCORDING TO IEA HIGHEST LEVEL OF SOLAR ENERGY CONSUMPTION BY COUNTRIES IN 2023(GW)
EXHIBIT 24 IMPACT OF INCORPORATION OF SOLAR PANELS IN ROOFTOP
EXHIBIT 25 BENEFITS OF PHOTOVOLTAIC PANEL
EXHIBIT 26 IMPACT OF INCREASED CONSTRUCTION IN HOSPITALITY INDUSTRY
EXHIBIT 27 GLOBAL TRAVEL & TOURISM INDUSTRY DATA (2023)
EXHIBIT 28 IMPACT OF FAVORABLE GOVERNMENT POLICIES AND INCENTIVES
EXHIBIT 29 IMPACT OF HIGH INITIAL COST
EXHIBIT 30 IMPACT OF RAW MATERIAL PRICE VOLATILITY
EXHIBIT 31 IMPACT OF TURBULENT GLOBAL POLITICAL AND TRADE RELATIONS
EXHIBIT 32 GLOBAL SOLAR PANEL MARKET 2020–2029 ($ BILLION)
EXHIBIT 33 FIVE FORCES ANALYSIS (2023)
EXHIBIT 34 INCREMENTAL GROWTH BY GRID TYPE (2023 & 2029)
EXHIBIT 35 MARKET SHARE FOR GRID TYPE (2023)
EXHIBIT 36 GLOBAL ON-GRID SOLAR PANEL MARKET 2020–2029 ($ BILLION)
EXHIBIT 37 GLOBAL OFF-GRID SOLAR PANEL MARKET 2020–2029 ($ BILLION)
EXHIBIT 38 INCREMENTAL GROWTH BY END-USER (2023 & 2029)
EXHIBIT 39 GLOBAL SOLAR PANEL MARKET BY UTILITIES AND ENERGY COMPANIES END USER 2020–2029 ($ BILLION)
EXHIBIT 40 INSIGHTS FOR GLOBAL HOTEL CONSTRUCTION (2022)
EXHIBIT 41 GLOBAL SOLAR PANEL MARKET BY COMMERCIAL END USER 2020–2029 ($ BILLION)
EXHIBIT 42 NUMBER OF NUCLEAR REACTORS CONSTRUCTION PROJECTS STAGES IN 2023
EXHIBIT 43 GLOBAL SOLAR PANEL MARKET BY INDUSTRIAL END USER 2020–2029 ($ BILLION)
EXHIBIT 44 GLOBAL SOLAR PANEL MARKET BY RESIDENTIAL END USER 2020–2029 ($ BILLION)
EXHIBIT 45 SOLAR PANELS ARE USED IN AGRICULTURE
EXHIBIT 46 GLOBAL SOLAR PANEL MARKET BY AGRICULTURE END USER 2020–2029 ($ BILLION)
EXHIBIT 47 GLOBAL SOLAR PANEL MARKET BY MILITARY AND DEFENSE SECTORS END USER 2020–2029 ($ BILLION)
EXHIBIT 48 GLOBAL SOLAR PANEL MARKET BY OTHER END USERS 2020–2029 ($ BILLION)
EXHIBIT 49 INCREMENTAL GROWTH BY TYPE (2023 & 2029)
EXHIBIT 50 GLOBAL SOLAR PANEL MARKET BY PRODUCT TYPE
EXHIBIT 51 GLOBAL SOLAR PANEL MARKET BY MONOCRYSTALLINE SOLAR PANEL 2020–2029 ($ BILLION)
EXHIBIT 52 GLOBAL SOLAR PANEL MARKET BY POLYCRYSTALLINE SOLAR PANEL 2020–2029 ($ BILLION)
EXHIBIT 53 GLOBAL SOLAR PANEL MARKET BY THIN-FILM SOLAR PANELS 2020–2029 ($ BILLION)
EXHIBIT 54 GLOBAL SOLAR PANEL MARKET BY BIFACIAL SOLAR PANELS 2020–2029 ($ BILLION)
EXHIBIT 55 GLOBAL SOLAR PANEL MARKET BY OTHER TYPES 2020–2029 ($ BILLION)
EXHIBIT 56 INCREMENTAL GROWTH BY POWER CAPACITY (2023 & 2029)
EXHIBIT 57 GLOBAL SOLAR PANEL MARKET BY POWER CAPACITY TYPE
EXHIBIT 58 GLOBAL SOLAR PANEL MARKET BY SMALL-SCALE SOLAR PANELS (<10 KW) 2020–2029 ($ BILLION)
EXHIBIT 59 GLOBAL SOLAR PANEL MARKET BY MEDIUM-SCALE SOLAR PANELS (10 KW - 100 KW) 2020–2029 ($ BILLION)
EXHIBIT 60 GLOBAL SOLAR PANEL MARKET BY LARGE-SCALE SOLAR PANELS (100 KW - 1 MW)2020–2029 ($ BILLION)
EXHIBIT 61 GLOBAL SOLAR PANEL MARKET BY UTILITY-SCALE SOLAR PANELS (>1 MW) 2020–2029 ($ BILLION)
EXHIBIT 62 INCREMENTAL GROWTH BY INSTALLATION (2023 & 2029)
EXHIBIT 63 GLOBAL SOLAR PANEL MARKET BY INSTALLATION TYPE
EXHIBIT 64 KEY MARKET DYNAMICS
EXHIBIT 65 GLOBAL SOLAR PANEL MARKET BY ROOFTOP SOLAR PANELS 2020–2029 ($ BILLION)
EXHIBIT 66 GLOBAL SOLAR PANEL MARKET BY GROUND-MOUNTED SOLAR PANELS 2020–2029 ($ BILLION)
EXHIBIT 67 GLOBAL SOLAR PANEL MARKET BY BPIV 2020–2029 ($ BILLION)
EXHIBIT 68 GLOBAL SOLAR PANEL MARKET BY OTHERS 2020–2029 ($ BILLION)
EXHIBIT 69 INCREMENTAL GROWTH BY GEOGRAPHY (2023 & 2029)
EXHIBIT 70 GLOBAL SOLAR PANEL MARKET BY GEOGRAPHY
EXHIBIT 71 TOP COUNTRIES SOLAR POWER SHARE (2022)
EXHIBIT 72 VALUE OF CONSTRUCTION ACTIVITIES IN EUROPE IN 2023 ($ BILLION)
EXHIBIT 73 APAC SOLAR CAPACITY 2022-2023 (GW - GIGAWATT)
EXHIBIT 74 ADVENT OF ENVIRONMENTAL REGULATIONS IN APAC
EXHIBIT 75 SOLAR PANEL MARKET IN APAC 2020–2029 ($ BILLION)
EXHIBIT 76 INCREMENTAL GROWTH IN APAC (2023 & 2029)
EXHIBIT 77 SOLAR PANEL MARKET IN CHINA 2020–2029 ($ BILLION)
EXHIBIT 78 RESIDENTIAL & NON-RESIDENTIAL CONSTRUCTION OUTPUT OF JAPAN (2020–2022) (% CHANGE YOY)
EXHIBIT 79 SOLAR PANEL MARKET IN JAPAN 2020–2029 ($ BILLION)
EXHIBIT 80 LARGEST CONSTRUCTION PROJECTS INITIATED IN INDIA (2022–2026)
EXHIBIT 81 SOLAR PANEL MARKET IN INDIA 2020–2029 ($ BILLION)
EXHIBIT 82 OFFICE BUILDING CONSTRUCTION PROJECTS (2022–2025)
EXHIBIT 83 SOLAR PANEL MARKET IN AUSTRALIA 2020–2029 ($ BILLION)
EXHIBIT 84 SOLAR PANEL MARKET IN SOUTH KOREA 2020–2029 ($ BILLION)
EXHIBIT 85 SOLAR PANEL MARKET IN EUROPE 2020–2029 ($ BILLION)
EXHIBIT 86 INCREMENTAL GROWTH IN EUROPE (2023 & 2029)
EXHIBIT 87 SOLAR PANEL MARKET IN GERMANY 2020–2029 ($ BILLION)
EXHIBIT 88 SOLAR PANEL MARKET IN FRANCE 2020–2029 ($ BILLION)
EXHIBIT 89 FIVE LARGEST HIGH-RISE APARTMENT PROJECTS IN RUSSIA 2022-2024 ($ MILLION)
EXHIBIT 90 SOLAR PANEL MARKET IN RUSSIA 2020–2029 ($ BILLION)
EXHIBIT 91 UK SOLAR PANEL MARKET 2020–2029 ($ BILLION)
EXHIBIT 92 SOLAR PANEL MARKET IN NORWAY 2020–2029 ($ BILLION)
EXHIBIT 93 DENMARK'S NEW COMMERCIAL PROJECTS (2023 – 2028)
EXHIBIT 94 SOLAR PANEL MARKET IN DENMARK 2020–2029 ($ BILLION)
EXHIBIT 95 SOLAR PANEL MARKET IN ITALY 2020–2029 ($ BILLION)
EXHIBIT 96 SOLAR PANEL MARKET IN POLAND 2020–2029 ($ BILLION)
EXHIBIT 97 AVERAGE EXPENSE FOR CONSTRUCTION OF RESIDENTIAL HOUSING IN 2023 ($ THOUSAND))
EXHIBIT 98 SOLAR PANEL MARKET IN SPAIN 2020–2029 ($ BILLION)
EXHIBIT 99 FIVE LARGEST LEISURE & HOSPITALITY BUILDING CONSTRUCTION PROJECTS IN NORTH AMERICA 2022
EXHIBIT 100 SOLAR PANEL MARKET IN NORTH AMERICA 2020–2029 ($ BILLION)
EXHIBIT 101 INCREMENTAL GROWTH IN NORTH AMERICA (2023 & 202)9
EXHIBIT 102 US FORECAST GROWTH OF NON-RESIDENTIAL CONSTRUCTION BY TYPE 20223& 2023 (% SHARE)
EXHIBIT 103 US SOLAR PANEL MARKET 2020–2029 ($ BILLION)
EXHIBIT 104 INVESTMENTS IN NON-RESIDENTIAL BUILDING CONSTRUCTION, JUNE 2022 ($ MILLION)
EXHIBIT 105 NUMBER OF SOLAR PANEL INDUSTRY CONTRACTS ESTABLISHED IN CANADA (2022)
EXHIBIT 106 SOLAR PANEL MARKET IN CANADA 2020–2029 ($ BILLION)
EXHIBIT 107 SOLAR PANEL MARKET IN MIDDLE EAST & AFRICA 2020–2029 ($ BILLION)
EXHIBIT 108 INCREMENTAL GROWTH IN MIDDLE EAST & AFRICA (2023 & 2029)
EXHIBIT 109 AVIATION CONSTRUCTION PROJECTS IN SAUDI ARABIA IN 2022–2030
EXHIBIT 110 SOLAR PANEL MARKET IN SAUDI ARABIA 2020–2029 ($ BILLION)
EXHIBIT 111 UAE SOLAR PANEL MARKET 2020–2029 ($ BILLION)
EXHIBIT 112 SOLAR PANEL MARKET IN SOUTH AFRICA 2020–2029 ($ BILLION)
EXHIBIT 113 VALUE OF CONSTRUCTION INDUSTRY IN LATIN AMERICAN 2022 ($ BILLION)
EXHIBIT 114 SOLAR PANEL MARKET IN LATIN AMERICA 2020–2029 ($ BILLION)
EXHIBIT 115 INCREMENTAL GROWTH IN LATIN AMERICA (2023 & 2029)
EXHIBIT 116 SOLAR PANEL MARKET IN BRAZIL 2020–2029 ($ BILLION)
EXHIBIT 117 SOLAR PANEL MARKET IN MEXICO 2020–2029 ($ BILLION)
EXHIBIT 118 ARGENTINIAN GOVERNMENT CONSTRUCTION DEVELOPMENT 2022–2024
EXHIBIT 119 SOLAR PANEL MARKET IN ARGENTINA 2020–2029 ($ BILLION)
EXHIBIT 120 SOLAR PANEL INDUSTRY EXPERIENCED SIGNIFICANT TRANSFORMATION ACROSS THREE KEY FRONTS
EXHIBIT 121 INSIGHTS OF MAJOR VENDORS
EXHIBIT 122 KEY CAVEATS
LIST OF TABLES
TABLE 1 SOLAR PV MARKET PARAMETERS WITH VARIOUS ATTRACTING FACTORS
TABLE 2 US TEN LARGE SOLAR PROJECTS
TABLE 3 AVERAGE COST OF SOLAR PANELS INSTALLATION (2023)
TABLE 4 SOLAR PANEL COSTS AND PRICING ESTIMATES BY STATE (2023)
TABLE 5 GLOBAL ON-GRID SOLAR PANEL MARKET BY GEOGRAPHY 2023–2029 ($ BILLION)
TABLE 6 GLOBAL OFF-GRID SOLAR PANEL MARKET BY GEOGRAPHY 2023–2029 ($ BILLION)
TABLE 7 ASIA PACIFIC’S FIVE LARGEST SOLAR ENERGY CONSTRUCTION PROJECTS IN 2022 ($ MILLION)
TABLE 8 EUROPE UPCOMING SOLAR UTILITY POWER PLANT PROJECTS
TABLE 9 UTILITIES AND ENERGY COMPANIES END USER BY GEOGRAPHY 2023–2029 ($ BILLION)
TABLE 10 NUMBER OF COMMERCIAL CONSTRUCTION PROJECTS INITIATED IN CHINA (2023)
TABLE 11 FIVE LARGEST HOTEL CONSTRUCTION PROJECTS IN APAC 2022 ($ MILLION)
TABLE 12 OFFICE BUILDING CONSTRUCTION PROJECTS 2022–2024 ($ MILLION)
TABLE 13 FIVE LARGEST AIRPORT INFRASTRUCTURE CONSTRUCTION IN APAC 2021–2025 ($ MILLION)
TABLE 14 FIVE LARGEST HOSPITAL CONSTRUCTION PROJECTS 2022–2030 ($ MILLION)
TABLE 15 COMMERCIAL END USER BY GEOGRAPHY 2023–2029 ($ BILLION)
TABLE 16 GAS CHEMICAL COMPLEX CONSTRUCTION PROJECTS IN 2022 ($BILLION)
TABLE 17 GLOBAL SOLAR PANEL MARKET BY INDUSTRIAL END USER BY GEOGRAPHY 2023–2029 ($ BILLION)
TABLE 18 US RESIDENTIAL CONSTRUCTION DATA (2023)
TABLE 19 GLOBAL SOLAR PANEL MARKET BY RESIDENTIAL END USER BY GEOGRAPHY 2023–2029 ($ BILLION)
TABLE 20 GLOBAL SOLAR PANEL MARKET BY AGRICULTURE END USER BY GEOGRAPHY 2023–2029 ($ BILLION)
TABLE 21 GLOBAL SOLAR PANEL MARKET BY MILITARY AND DEFENCE END USER BY GEOGRAPHY 2023–2029 ($ BILLION)
TABLE 22 RETAIL BUILDING CONSTRUCTION PROJECTS IN EUROPE (2022)
TABLE 23 GLOBAL SOLAR PANEL MARKET BY OTHER END USER BY GEOGRAPHY 2023–2029 ($ BILLION)
TABLE 24 FACTORS AFFECTING OVERALL EFFICIENCY OF SOLAR PANELS
TABLE 25 SOLAR PANEL EFFICIENCY CHART
TABLE 26 TOP TEN MOST EFFICIENT SOLAR PANEL SYSTEM GLOBALLY BY BRAND
TABLE 27 ADVANTAGES AND DISADVANTAGES OF MONOCRYSTALLINE SOLAR PANELS
TABLE 28 GLOBAL MONOCRYSTALLINE SOLAR PANEL BY GEOGRAPHY 2023–2029 ($ BILLION)
TABLE 29 ADVANTAGES AND DISADVANTAGES OF POLYCRYSTALLINE SOLAR PANEL
TABLE 30 GLOBAL POLYCRYSTALLINE SOLAR PANEL BY GEOGRAPHY 2023–2029 ($ BILLION)
TABLE 31 ADVANTAGES AND DISADVANTAGES OF THIN-FILM SOLAR PANELS
TABLE 32 GLOBAL THIN-FILM SOLAR PANELS BY GEOGRAPHY 2023–2029 ($ BILLION)
TABLE 33 ADVANTAGES AND DISADVANTAGES OF BIFACIAL SOLAR PANELS
TABLE 34 GLOBAL BIFACIAL SOLAR PANELS BY GEOGRAPHY 2023–2029 ($ BILLION)
TABLE 35 ADVANTAGES AND DISADVANTAGES OF PEROVSKITE SOLAR PANELS
TABLE 36 ADVANTAGES AND DISADVANTAGES OF PERC SOLAR PANELS
TABLE 37 GLOBAL OTHERS SOLAR PANEL MARKET BY GEOGRAPHY 2023–2029 ($ BILLION)
TABLE 38 GLOBAL SOLAR PANEL MARKET BY SMALL-SCALE SOLAR PANELS (<10 KW) BY GEOGRAPHY 2023–2029 ($ BILLION)
TABLE 39 GLOBAL SOLAR PANEL MARKET BY MEDIUM-SCALE SOLAR PANELS (10 KW - 100 KW) BY GEOGRAPHY 2023–2029 ($ BILLION)
TABLE 40 GLOBAL SOLAR PANEL MARKET BY LARGE-SCALE SOLAR PANELS (100 KW - 1 MW) BY GEOGRAPHY 2023–2029 ($ BILLION)
TABLE 41 GLOBAL SOLAR PANEL MARKET BY UTILITY-SCALE SOLAR PANELS (>1 MW) BY GEOGRAPHY 2023–2029 ($ BILLION)
TABLE 42 GLOBAL SOLAR PANEL MARKET BY ROOFTOP SOLAR PANELS BY GEOGRAPHY 2023–2029 ($ BILLION)
TABLE 43 GLOBAL SOLAR PANEL MARKET BY GROUND-MOUNTED SOLAR PANELS BY GEOGRAPHY 2023–2029 ($ BILLION)
TABLE 44 GLOBAL SOLAR PANEL MARKET BY BPIV BY GEOGRAPHY 2023–2029 ($ BILLION)
TABLE 45 GLOBAL SOLAR PANEL MARKET BY OTHERS BY GEOGRAPHY 2023–2029 ($ BILLION)
TABLE 46 TOP CITIES OFFICE BUILDING CONSTRUCTION PROJECTS IN APAC 2022($ MILLION)
TABLE 47 TOP COUNTRIES MULTI-FAMILY HOUSING CONSTRUCTION PROJECTS ($ MILLION)
TABLE 48 COMMERCIAL CONSTRUCTION PROJECTS 2022–2024 ($ MILLION)
TABLE 49 UPCOMING COMMERCIAL BUILDING CONSTRUCTION PROJECTS IN APAC 2022–2025 ($ MILLION)
TABLE 50 APAC SOLAR PANEL MARKET BY GRID TYPE 2023–2029 ($ BILLION)
TABLE 51 APAC SOLAR PANEL MARKET BY TYPE 2023–2029 ($ BILLION)
TABLE 52 APAC SOLAR PANEL MARKET BY POWER CAPACITY 2023–2029 ($ BILLION)
TABLE 53 APAC SOLAR PANEL MARKET BY INSTALLATION 2023–2029 ($ BILLION)
TABLE 54 APAC SOLAR PANEL MARKET BY END USER 2023–2029 ($ BILLION)
TABLE 55 TOP FIVE LARGEST CONSTRUCTION PROJECTS INITIATED 2022–2024 ($ MILLION)
TABLE 56 APARTMENT PROJECTS IN JAPAN (2022-2023)
TABLE 57 BUILDING APPROVALS IN AUSTRALIA (2022)
TABLE 58 NEW HOTELS CONSTRUCTION PROJECTS IN SOUTH KOREA (2021-2023)
TABLE 59 EUROPEAN RETAIL BUILDING CONSTRUCTION PROJECTS (2022)
TABLE 60 EUROPE SOLAR PANEL MARKET BY GRID TYPE 2023–2029 ($ BILLION)
TABLE 61 EUROPE SOLAR PANEL MARKET BY TYPE 2023–2029 ($ BILLION)
TABLE 62 EUROPE SOLAR PANEL MARKET BY POWER CAPACITY 2023–2029 ($ BILLION)
TABLE 63 EUROPE SOLAR PANEL MARKET BY INSTALLATION 2023–2029 ($ BILLION)
TABLE 64 EUROPE SOLAR PANEL MARKET BY END USER 2023–2029 ($ BILLION)
TABLE 65 POWERHOUSE CONSTRUCTION PROJECTS IN GERMANY (2022)
TABLE 66 FIVE BUILDING CONSTRUCTION PROJECTS (2022)
TABLE 67 INVESTMENTS IN CONSTRUCTION INDUSTRY: ITALY ($ MILLION)
TABLE 68 COMPLETED & NEW CONSTRUCTION STATISTICS FOR POLAND (2022–2024)
TABLE 69 FIVE RESIDENTIAL AND COMMERCIAL CONSTRUCTION PROJECTS (2022)
TABLE 70 NORTH AMERICA SOLAR PANELS MARKET BY GRID TYPE 2023–2029 ($ BILLION)
TABLE 71 NORTH AMERICA SOLAR PANELS MARKET BY TYPE 2023–2029 ($ BILLION)
TABLE 72 NORTH AMERICA SOLAR PANELS MARKET BY POWER CAPACITY 2023–2029 ($ BILLION)
TABLE 73 NORTH AMERICA SOLAR PANELS MARKET BY INSTALLATION 2023–2029 ($ BILLION)
TABLE 74 NORTH AMERICA SOLAR PANELS MARKET BY END USER 2023–2029 ($ BILLION)
TABLE 75 PRIVATE & GOVERNMENT OFFICE BUILDING CONSTRUCTION PROJECTS 2021–2024
TABLE 76 KEY PROJECTIONS FOR SOLAR PANELS CONTRACTOR INDUSTRY IN CANADA
TABLE 77 MEA SOLAR PANEL MARKET BY GRID TYPE 2023–2029 ($ BILLION)
TABLE 78 MEA SOLAR PANEL MARKET BY TYPE 2023–2029 ($ BILLION)
TABLE 79 MEA SOLAR PANEL MARKET BY POWER CAPACITY 2023–2029 ($ BILLION)
TABLE 80 MEA SOLAR PANEL MARKET BY INSTALLATION 2023–2029 ($ BILLION)
TABLE 81 MEA SOLAR PANEL MARKET BY END USER 2023–2029 ($ BILLION)
TABLE 82 UAE UPCOMING OIL AND REFINERY EXPANSION PROJECTS (2022–2027)
TABLE 83 LIQUEFIED NATURAL GAS (LNG) AND REFINERY OIL EXPANSION PROJECTS IN SOUTH AFRICA 2024–2028
TABLE 84 LATIN AMERICA SOLAR PANEL MARKET BY GRID TYPE 2023–2029 ($ BILLION)
TABLE 85 LATIN AMERICA SOLAR PANEL MARKET BY TYPE 2023–2029 ($ BILLION)
TABLE 86 LATIN AMERICA SOLAR PANEL MARKET BY POWER CAPACITY 2023–2029 ($ BILLION)
TABLE 87 LATIN AMERICA SOLAR PANEL MARKET BY INSTALLATION 2023–2029 ($ BILLION)
TABLE 88 LATIN AMERICA SOLAR PANEL MARKET BY END USER 2023–2029 ($ BILLION)
TABLE 89 JINKOSOLAR: MAJOR PRODUCT OFFERINGS
TABLE 90 CANADIAN SOLAR: MAJOR PRODUCT OFFERINGS
TABLE 91 TRINASOLAR: MAJOR PRODUCT OFFERINGS
TABLE 92 SUNPOWER CORP: MAJOR PRODUCT OFFERINGS
TABLE 93 HANWHA Q CELLS: MAJOR PRODUCT OFFERINGS
TABLE 94 AIKO SOLAR: MAJOR PRODUCT OFFERINGS
TABLE 95 LONGI SOLAR: MAJOR PRODUCT OFFERINGS
TABLE 96 RISEN ENERGY: MAJOR PRODUCT OFFERINGS
TABLE 97 KANEKA CORPORATION: MAJOR PRODUCT OFFERINGS
TABLE 98 SHELL INTERNATIONAL LTD: MAJOR PRODUCT OFFERINGS
TABLE 99 GCL-POLY ENERGY HOLDINGS LIMITED: MAJOR PRODUCT OFFERINGS
TABLE 100 HANWHA SOLARONE: MAJOR PRODUCT OFFERINGS
TABLE 101 SUNTECH POWER: MAJOR PRODUCT OFFERINGS
TABLE 102 SOLTECTURE GMBH: MAJOR PRODUCT OFFERINGS
TABLE 103 TALESUN SOLAR: MAJOR PRODUCT OFFERINGS
TABLE 104 JA SOLAR TECHNOLOGY CO., LTD: MAJOR PRODUCT OFFERINGS
TABLE 105 BOVIET SOLAR TECHNOLOGY CO., LTD: MAJOR PRODUCT OFFERINGS
TABLE 106 RECOM TECHNOLOGIES: MAJOR PRODUCT OFFERINGS
TABLE 107 SOLAR EAST HOLDINGS CO., LTD: MAJOR PRODUCT OFFERINGS
TABLE 108 FIRST SOLAR, INC: MAJOR PRODUCT OFFERINGS
TABLE 109 HANERGY THIN FILM POWER GROUP: MAJOR PRODUCT OFFERINGS
TABLE 110 LONGI GREEN ENERGY TECHNOLOGY CO., LTD: MAJOR PRODUCT OFFERINGS
TABLE 111 YINGLI GREEN ENERGY: MAJOR PRODUCT OFFERINGS
TABLE 112 REC GROUP: MAJOR PRODUCT OFFERINGS
TABLE 113 ENPHASE ENERGY: MAJOR PRODUCT OFFERINGS
TABLE 114 SOLAREDGE TECHNOLOGIES, INC: MAJOR PRODUCT OFFERINGS
TABLE 115 SERAPHIM SOLAR SYSTEM CO., LTD: MAJOR PRODUCT OFFERINGS
TABLE 116 LG ELECTRONICS: MAJOR PRODUCT OFFERINGS
TABLE 117 PANASONIC SOLAR: MAJOR PRODUCT OFFERINGS
TABLE 118 SILFAB SOLAR: MAJOR PRODUCT OFFERINGS
TABLE 119 QCELLS: MAJOR PRODUCT OFFERINGS
TABLE 120 AXITEC SOLAR: MAJOR PRODUCT OFFERINGS
TABLE 121 HELIENE: MAJOR PRODUCT OFFERINGS
TABLE 122 HT-SAAE: MAJOR PRODUCT OFFERINGS
TABLE 123 HYUNDAI HEAVY INDUSTRIES GREEN ENERGY: MAJOR PRODUCT OFFERINGS
TABLE 124 ASTRONERGY: MAJOR PRODUCT OFFERINGS
TABLE 125 SHARP SOLAR: MAJOR PRODUCT OFFERINGS
TABLE 126 TONGWEI SOLAR: MAJOR PRODUCT OFFERINGS
TABLE 127 YINGKOU JINCHEN MACHINERY CO., LTD: MAJOR PRODUCT OFFERINGS
TABLE 128 HAITAI NEW ENERGY: MAJOR PRODUCT OFFERINGS
TABLE 129 BYD COMPANY LIMITED: MAJOR PRODUCT OFFERINGS
TABLE 130 TBEA XINJIANG SUNOASIS CO., LTD: MAJOR PRODUCT OFFERINGS
TABLE 131 ZNSHINE PV-TECH CO., LTD: MAJOR PRODUCT OFFERINGS
TABLE 132 CHINT SOLAR (ZHEJIANG) CO., LTD.: MAJOR PRODUCT OFFERINGS
TABLE 133 GS-SOLAR COMPANY LTD: MAJOR PRODUCT OFFERINGS
TABLE 134 HAREON SOLAR TECHNOLOGY CO., LTD: MAJOR PRODUCT OFFERINGS
TABLE 135 NEO SOLAR POWER CORPORATION: MAJOR PRODUCT OFFERINGS
TABLE 136 PHONO SOLAR TECHNOLOGY CO., LTD: MAJOR PRODUCT OFFERINGS
TABLE 137 TIANJIN ZHONGHUAN SEMICONDUCTOR CO., LTD: MAJOR PRODUCT OFFERINGS
TABLE 138 CHINA SHUIFA SINGYES ENERGY HOLDINGS LTD: MAJOR PRODUCT OFFERINGS
TABLE 139 SHANGHAI AEROSPACE AUTOMOBILE ELECTROMECHANICAL CO., LTD: MAJOR PRODUCT OFFERINGS
TABLE 140 BLOOM ENERGY CORP: MAJOR PRODUCT OFFERINGS
TABLE 141 SUZLON ENERGY LTD: MAJOR PRODUCT OFFERINGS
TABLE 142 SOLARWORLD AKTIENGESELLSCHAFT: MAJOR PRODUCT OFFERINGS
TABLE 143 MAXEON SOLAR TECHNOLOGIES LTD: MAJOR PRODUCT OFFERINGS
TABLE 144 GLOBAL SOLAR PANEL MARKET BY GEOGRAPHY 2023–2029 ($ BILLION)
TABLE 145 SOLAR PANEL MARKET BY GRID TYPE 2023–2029 ($ BILLION)
TABLE 146 SOLAR PANEL MARKET BY TYPE 2023–2029 ($ BILLION)
TABLE 147 SOLAR PANEL MARKET BY POWER CAPACITY 2023–2029 ($ BILLION)
TABLE 148 SOLAR PANEL MARKET BY INSTALLATION 2023–2029 ($ BILLION)
TABLE 149 SOLAR PANEL MARKET BY END USER 2023–2029 ($ BILLION)
TABLE 150 CURRENCY CONVERSION 2017–2023
1 SCOPE & COVERAGE
1.1 MARKET DEFINITION
1.1.1 INCLUSIONS
1.1.2 EXCLUSIONS
1.1.3 MARKET ESTIMATION CAVEATS
1.1 SEGMENT COVERED & DEFINITIONS
1.1.1 SOLAR PANEL GRID-TYPE
1.1.2 TYPES OF SOLAR PANELS
1.1.3 POWER CAPACITY OF SOLAR PANELS
1.1.4 SOLAR PANEL INSTALLATIONS MARKET
1.1.5 SOLAR PANEL END-USER MARKET
1.1.6 REGIONS & COUNTRIES COVERED
1.2 MARKET DERIVATION
1.2.1 BASE YEAR
2 PREMIUM INSIGHTS
2.1 OPPORTUNITY POCKETS
2.1.1 MARKET MATURITY INDICATOR
2.1.2 REGIONAL INSIGHTS
2.2 OVERVIEW
2.3 SEGMENTS
2.3.1 REGIONAL ANALYSIS
2.3.2 COMPETITIVE LANDSCAPE
3 MARKET AT A GLANCE
4 INTRODUCTION
4.1 OVERVIEW
4.1.1 TECHNOLOGY INTEGRATION
4.1.2 GLOBAL KEY HIGHLIGHTS REGARDING SOLAR ENERGY
4.1.3 SOLAR PANEL INSTALLATION IN RESIDENTIAL CONSTRUCTION
4.1.4 EUROPEAN COMMISSION
4.1.5 SOLAR PANEL INSTALLATION IN COMMERCIAL CONSTRUCTION
4.1.6 LATEST INNOVATIONS IN PHOTOVOLTAIC TECHNOLOGY
4.2 GOVERNMENT REGULATIONS PROMOTING SOLAR PANEL
4.2.1 OVERVIEW
4.2.2 REPOWEREU PLAN CONTRIBUTION TO SOLAR MARKET GROWTH
4.2.3 US INFLATION REDUCTION ACT PROVIDES BENEFITS TO SOLAR PANEL MARKET
4.3 INCORPORATION OF ON-SITE PHOTOVOLTAIC SOLAR POWER FOR THE DATA CENTERS MARKET
4.3.1 DATA CENTER’S UTILIZATION OF RENEWABLE ENERGY
4.4 SOLAR PV MARKET STATUS
4.5 MARKET COMPETITION FOR SOLAR PANEL
4.5.1 GROWTH STRATEGY OF KEY VENDORS
4.6 SOLAR PANEL MARKET DYNAMICS
4.7 SOLAR PV TECHNOLOGY TRENDS
4.8 VALUE CHAIN
4.8.1 MANUFACTURING:
4.8.2 CONSTRUCTION AND INSTALLATION:
4.8.3 OPERATION AND MAINTENANCE
5 MARKET OPPORTUNITIES & TRENDS
5.1 PROFIT VOLATILITY IN APAC
5.1.1 MARKET DYNAMIC OF APAC
5.2 REGULATION ON ENERGY EFFICIENCY DRIVING SOLAR PANEL DEMAND
5.3 ADVANCES IN SOLAR TECHNOLOGY
5.4 RISE IN COMMERCIAL CONSTRUCTION AND PROJECTS
5.5 RISING DEMAND FOR CLEAN ENERGY
6 MARKET GROWTH ENABLERS
6.1 GROWTH OF GREEN BUILDING ACTIVITIES
6.2 INCORPORATION OF SOLAR PANELS IN ROOFTOP
6.3 INCREASED CONSTRUCTION IN HOSPITALITY INDUSTRY
6.4 FAVORABLE GOVERNMENT POLICIES AND INCENTIVES
7 MARKET RESTRAINTS
7.1 HIGH INITIAL COST
7.2 RAW MATERIAL PRICE VOLATILITY
7.3 TURBULENT GLOBAL POLITICAL AND TRADE RELATIONS
8 MARKET LANDSCAPE
8.1 MARKET OVERVIEW
8.1.1 KEY HIGHLIGHTS
8.2 MARKET SIZE & FORECAST
8.3 FIVE FORCES ANALYSIS
8.3.1 THREAT OF NEW ENTRANTS
8.3.2 BARGAINING POWER OF SUPPLIERS
8.3.3 BARGAINING POWER OF BUYERS
8.3.4 THREAT OF SUBSTITUTES
8.3.5 COMPETITIVE RIVALRY
9 GRID TYPE
9.1 MARKET SNAPSHOT & GROWTH ENGINE
9.2 MARKET OVERVIEW
9.3 ON-GRID
9.3.1 MARKET OVERVIEW
9.3.2 MARKET SIZE & FORECAST
9.3.3 MARKET BY GEOGRAPHY
9.4 OFF-GRID
9.4.1 MARKET OVERVIEW
9.4.2 MARKET SIZE & FORECAST
9.4.3 MARKET BY GEOGRAPHY
10 END-USER
10.1 MARKET SNAPSHOT & GROWTH ENGINE
10.2 MARKET OVERVIEW
10.3 UTILITIES AND ENERGY COMPANIES
10.3.1 MARKET OVERVIEW
10.3.2 MARKET SIZE & FORECAST
10.3.3 MARKET BY GEOGRAPHY
10.4 COMMERCIAL
10.4.1 MARKET OVERVIEW
10.4.2 MARKET SIZE & FORECAST
10.4.3 MARKET BY GEOGRAPHY
10.5 INDUSTRIAL
10.5.1 MARKET OVERVIEW
10.5.2 MARKET SIZE & FORECAST
10.5.3 MARKET BY GEOGRAPHY
10.6 RESIDENTIAL
10.6.1 MARKET OVERVIEW
10.6.2 MARKET SIZE & FORECAST
10.6.3 MARKET BY GEOGRAPHY
10.7 AGRICULTURE SECTORS
10.7.1 MARKET OVERVIEW
10.7.2 MARKET SIZE & FORECAST
10.7.3 MARKET BY GEOGRAPHY
10.8 MILITARY AND DEFENCE SECTORS
10.8.1 MARKET OVERVIEW
10.8.2 MARKET SIZE & FORECAST
10.8.3 MARKET BY GEOGRAPHY
10.9 OTHERS
10.9.1 MARKET OVERVIEW
10.9.2 MARKET SIZE & FORECAST
10.9.3 MARKET BY GEOGRAPHY
11 TYPE
11.1 MARKET SNAPSHOT & GROWTH ENGINE
11.2 MARKET OVERVIEW
11.3 MONOCRYSTALLINE SOLAR PANEL
11.3.1 MARKET OVERVIEW
11.3.2 MARKET SIZE & FORECAST
11.3.3 MARKET BY GEOGRAPHY
11.4 POLYCRYSTALLINE SOLAR PANEL
11.4.1 MARKET OVERVIEW
11.4.2 MARKET SIZE & FORECAST
11.4.3 MARKET BY GEOGRAPHY
11.5 THIN-FILM SOLAR PANEL
11.5.1 MARKET OVERVIEW
11.5.2 MARKET SIZE & FORECAST
11.5.3 MARKET BY GEOGRAPHY
11.6 BIFACIAL SOLAR PANEL
11.6.1 MARKET OVERVIEW
11.6.2 MARKET SIZE & FORECAST
11.6.3 MARKET BY GEOGRAPHY
11.7 OTHERS
11.7.1 MARKET OVERVIEW
11.7.2 MARKET SIZE & FORECAST
11.7.3 MARKET BY GEOGRAPHY
12 POWER CAPACITY
12.1 MARKET SNAPSHOT & GROWTH ENGINE
12.2 MARKET OVERVIEW
12.3 SMALL-SCALE SOLAR PANELS (<10 KW)
12.3.1 MARKET OVERVIEW
12.3.2 MARKET SIZE & FORECAST
12.3.3 MARKET BY GEOGRAPHY
12.4 MEDIUM-SCALE SOLAR PANELS (10 KW - 100 KW)
12.4.1 MARKET OVERVIEW
12.4.2 MARKET SIZE & FORECAST
12.4.3 MARKET BY GEOGRAPHY
12.5 LARGE-SCALE SOLAR PANELS (100 KW - 1 MW)
12.5.1 MARKET OVERVIEW
12.5.2 MARKET SIZE & FORECAST
12.5.3 MARKET BY GEOGRAPHY
12.6 UTILITY-SCALE SOLAR PANELS (>1 MW)
12.6.1 MARKET OVERVIEW
12.6.2 MARKET SIZE & FORECAST
12.6.3 MARKET BY GEOGRAPHY
13 INSTALLATION
13.1 MARKET SNAPSHOT & GROWTH ENGINE
13.2 MARKET OVERVIEW
13.3 ROOFTOP SOLAR PANELS
13.3.1 MARKET OVERVIEW
13.3.2 MARKET SIZE & FORECAST
13.3.3 MARKET BY GEOGRAPHY
13.4 GROUND-MOUNTED SOLAR PANELS
13.4.1 MARKET OVERVIEW
13.4.2 MARKET SIZE & FORECAST
13.4.3 MARKET BY GEOGRAPHY
13.5 BPIV
13.5.1 MARKET OVERVIEW
13.5.2 MARKET SIZE & FORECAST
13.5.3 MARKET BY GEOGRAPHY
13.6 OTHERS
13.6.1 MARKET OVERVIEW
13.6.2 MARKET SIZE & FORECAST
13.6.3 MARKET BY GEOGRAPHY
14 GEOGRAPHY
14.1 MARKET SNAPSHOT & GROWTH ENGINE
14.2 GEOGRAPHIC OVERVIEW
14.2.1 REGIONAL ANALYSIS
15 APAC
15.1 MARKET OVERVIEW
15.2 MARKET SIZE & FORECAST
15.3 GRID TYPE
15.3.1 MARKET SIZE & FORECAST
15.4 TYPE
15.4.1 MARKET SIZE & FORECAST
15.5 POWER CAPACITY
15.5.1 MARKET SIZE & FORECAST
15.6 INSTALLATION
15.6.1 MARKET SIZE & FORECAST
15.7 END-USER
15.7.1 MARKET SIZE & FORECAST
15.8 KEY COUNTRIES
15.8.1 CHINA: MARKET SIZE & FORECAST
15.8.2 JAPAN: MARKET SIZE & FORECAST
15.8.3 INDIA: MARKET SIZE & FORECAST
15.8.4 AUSTRALIA: MARKET SIZE & FORECAST
15.8.5 SOUTH KOREA: MARKET SIZE & FORECAST
16 EUROPE
16.1 MARKET OVERVIEW
16.2 MARKET SIZE & FORECAST
16.3 GRID TYPE
16.3.1 MARKET SIZE & FORECAST
16.4 TYPE
16.4.1 MARKET SIZE & FORECAST
16.5 POWER CAPACITY
16.5.1 MARKET SIZE & FORECAST
16.6 INSTALLATION
16.6.1 MARKET SIZE & FORECAST
16.7 END-USER
16.7.1 MARKET SIZE & FORECAST
16.8 KEY COUNTRIES
16.8.1 GERMANY: MARKET SIZE & FORECAST
16.8.2 FRANCE: MARKET SIZE & FORECAST
16.8.3 RUSSIA: MARKET SIZE & FORECAST
16.8.4 UK: MARKET SIZE & FORECAST
16.8.5 NORWAY: MARKET SIZE & FORECAST
16.8.6 DENMARK: MARKET SIZE & FORECAST
16.8.7 ITALY: MARKET SIZE & FORECAST
16.8.8 POLAND: MARKET SIZE & FORECAST
16.8.9 SPAIN: MARKET SIZE & FORECAST
17 NORTH AMERICA
17.1 MARKET OVERVIEW
17.2 MARKET SIZE & FORECAST
17.3 GRID TYPE
17.3.1 MARKET SIZE & FORECAST
17.4 TYPE
17.4.1 MARKET SIZE & FORECAST
17.5 POWER CAPACITY
17.5.1 MARKET SIZE & FORECAST
17.6 INSTALLATION
17.6.1 MARKET SIZE & FORECAST
17.7 END-USER
17.7.1 MARKET SIZE & FORECAST
17.8 KEY COUNTRIES
17.8.1 US: MARKET SIZE & FORECAST
17.8.2 CANADA: MARKET SIZE & FORECAST
18 MIDDLE EAST & AFRICA
18.1 MARKET OVERVIEW
18.2 MARKET SIZE & FORECAST
18.3 GRID TYPE
18.3.1 MARKET SIZE & FORECAST
18.4 TYPE
18.4.1 MARKET SIZE & FORECAST
18.5 POWER CAPACITY
18.5.1 MARKET SIZE & FORECAST
18.6 INSTALLATION
18.6.1 MARKET SIZE & FORECAST
18.7 END USER
18.7.1 MARKET SIZE & FORECAST
18.8 KEY COUNTRIES
18.8.1 SAUDI ARABIA: MARKET SIZE & FORECAST
18.8.2 UAE: MARKET SIZE & FORECAST
18.8.3 SOUTH AFRICA: MARKET SIZE & FORECAST
19 LATIN AMERICA
19.1 MARKET OVERVIEW
19.2 MARKET SIZE & FORECAST
19.3 GRID TYPE
19.3.1 MARKET SIZE & FORECAST
19.4 TYPE
19.4.1 MARKET SIZE & FORECAST
19.5 POWER CAPACITY
19.5.1 MARKET SIZE & FORECAST
19.6 INSTALLATION
19.6.1 MARKET SIZE & FORECAST
19.7 END-USER
19.7.1 MARKET SIZE & FORECAST
19.8 KEY COUNTRIES
19.8.1 BRAZIL: MARKET SIZE & FORECAST
19.8.2 MEXICO: MARKET SIZE & FORECAST
19.8.3 ARGENTINA: MARKET SIZE & FORECAST
20 COMPETITIVE LANDSCAPE
20.1 COMPETITION OVERVIEW
20.2 DYNAMICS OF SOLAR PANEL INDUSTRIES
21 KEY COMPANY PROFILES
21.1 JINKOSOLAR
21.1.1 BUSINESS OVERVIEW
21.1.2 PRODUCT OFFERINGS
21.1.3 KEY STRATEGIES
21.1.4 KEY STRENGTHS
21.1.5 KEY OPPORTUNITIES
21.2 CANADIAN SOLAR
21.2.1 BUSINESS OVERVIEW
21.2.2 PRODUCT OFFERINGS
21.2.3 KEY STRATEGIES
21.2.4 KEY STRENGTHS
21.2.5 KEY OPPORTUNITIES
21.3 TRINASOLAR
21.3.1 BUSINESS OVERVIEW
21.3.2 PRODUCT OFFERINGS
21.3.3 KEY STRATEGIES
21.3.4 KEY STRENGTHS
21.3.5 KEY OPPORTUNITIES
21.4 SUNPOWER CORP
21.4.1 BUSINESS OVERVIEW
21.4.2 PRODUCT OFFERINGS
21.4.3 KEY STRATEGIES
21.4.4 KEY STRENGTHS
21.4.5 KEY OPPORTUNITIES
21.5 HANWHA Q CELLS
21.5.1 BUSINESS OVERVIEW
21.5.2 PRODUCT OFFERINGS
21.5.3 KEY STRATEGIES
21.5.4 KEY STRENGTHS
21.5.5 KEY OPPORTUNITIES
21.6 AIKO SOLAR
21.6.1 BUSINESS OVERVIEW
21.6.2 PRODUCT OFFERINGS
21.6.3 KEY STRATEGIES
21.6.4 KEY STRENGTHS
21.6.5 KEY OPPORTUNITIES
21.7 LONG SOLAR
21.7.1 BUSINESS OVERVIEW
21.7.2 PRODUCT OFFERINGS
21.7.3 KEY STRATEGIES
21.7.4 KEY STRENGTHS
21.7.5 KEY OPPORTUNITIES
21.8 RISEN ENERGY
21.8.1 BUSINESS OVERVIEW
21.8.2 PRODUCT OFFERINGS
21.8.3 KEY STRATEGIES
21.8.4 KEY STRENGTHS
21.8.5 KEY OPPORTUNITIES
21.9 KANEKA CORPORATION
21.9.1 BUSINESS OVERVIEW
21.9.2 PRODUCT OFFERINGS
21.9.3 KEY STRATEGIES
21.9.4 KEY STRENGTHS
21.9.5 KEY OPPORTUNITIES
21.10 SHELL INTERNATIONAL LTD
21.10.1 BUSINESS OVERVIEW
21.10.2 PRODUCT OFFERINGS
21.10.3 KEY STRATEGIES
21.10.4 KEY STRENGTHS
21.10.5 KEY OPPORTUNITIES
22 OTHER PROMINENT VENDORS
22.1 GCL-POLY ENERGY HOLDINGS LIMITED
22.1.1 BUSINESS OVERVIEW
22.1.2 PRODUCT OFFERINGS
22.2 HANWHA SOLARONE
22.2.1 BUSINESS OVERVIEW
22.2.2 PRODUCT OFFERINGS
22.3 SUNTECH POWER
22.3.1 BUSINESS OVERVIEW
22.3.2 PRODUCT OFFERINGS
22.4 SOLTECTURE GMBH
22.4.1 BUSINESS OVERVIEW
22.4.2 PRODUCT OFFERINGS
22.5 TALESUN SOLAR
22.5.1 BUSINESS OVERVIEW
22.5.2 PRODUCT OFFERINGS
22.6 JA SOLAR TECHNOLOGY CO., LTD
22.6.1 BUSINESS OVERVIEW
22.6.2 PRODUCT OFFERINGS
22.7 BOVIET SOLAR TECHNOLOGY CO., LTD
22.7.1 BUSINESS OVERVIEW
22.7.2 PRODUCT OFFERINGS
22.8 RECOM TECHNOLOGIES
22.8.1 BUSINESS OVERVIEW
22.8.2 PRODUCT OFFERINGS
22.9 SOLAR EAST HOLDINGS CO., LTD
22.9.1 BUSINESS OVERVIEW
22.9.2 PRODUCT OFFERINGS
22.10 FIRST SOLAR, INC
22.10.1 BUSINESS OVERVIEW
22.10.2 PRODUCT OFFERINGS
22.11 HANERGY THIN FILM POWER GROUP
22.11.1 BUSINESS OVERVIEW
22.11.2 PRODUCT OFFERINGS
22.12 LONGI GREEN ENERGY TECHNOLOGY CO., LTD
22.12.1 BUSINESS OVERVIEW
22.12.2 PRODUCT OFFERINGS
22.13 YINGLI GREEN ENERGY
22.13.1 BUSINESS OVERVIEW
22.13.2 PRODUCT OFFERINGS
22.14 REC GROUP
22.14.1 BUSINESS OVERVIEW
22.14.2 PRODUCT OFFERINGS
22.15 ENPHASE ENERGY
22.15.1 BUSINESS OVERVIEW
22.15.2 PRODUCT OFFERINGS
22.16 SOLAREDGE TECHNOLOGIES, INC
22.16.1 BUSINESS OVERVIEW
22.16.2 PRODUCT OFFERINGS
22.17 SERAPHIM SOLAR SYSTEM CO., LTD
22.17.1 BUSINESS OVERVIEW
22.17.2 PRODUCT OFFERINGS
22.18 LG ELECTRONICS
22.18.1 BUSINESS OVERVIEW
22.18.2 PRODUCT OFFERINGS
22.19 PANASONIC SOLAR
22.19.1 BUSINESS OVERVIEW
22.19.2 PRODUCT OFFERINGS
22.20 SILFAB SOLAR
22.20.1 BUSINESS OVERVIEW
22.20.2 PRODUCT OFFERINGS
22.21 QCELLS
22.21.1 BUSINESS OVERVIEW
22.21.2 PRODUCT OFFERINGS
22.22 AXITEC SOLAR
22.22.1 BUSINESS OVERVIEW
22.22.2 PRODUCT OFFERINGS
22.23 HELIENE
22.23.1 BUSINESS OVERVIEW
22.23.2 PRODUCT OFFERINGS
22.24 HT-SAAE
22.24.1 BUSINESS OVERVIEW
22.24.2 PRODUCT OFFERINGS
22.25 HYUNDAI HEAVY INDUSTRIES GREEN ENERGY
22.25.1 BUSINESS OVERVIEW
22.25.2 PRODUCT OFFERINGS
22.26 ASTRONERGY
22.26.1 BUSINESS OVERVIEW
22.26.2 PRODUCT OFFERINGS
22.27 SHARP SOLAR
22.27.1 BUSINESS OVERVIEW
22.27.2 PRODUCT OFFERINGS
22.28 TONGWEI SOLAR
22.28.1 BUSINESS OVERVIEW
22.28.2 PRODUCT OFFERINGS
22.29 YINGKOU JINCHEN MACHINERY CO., LTD.
22.29.1 BUSINESS OVERVIEW
22.29.2 PRODUCT OFFERINGS
22.30 HAITAI NEW ENERGY
22.30.1 BUSINESS OVERVIEW
22.30.2 PRODUCT OFFERINGS
22.31 BYD COMPANY LIMITED
22.31.1 BUSINESS OVERVIEW
22.31.2 PRODUCT OFFERINGS
22.32 TBEA XINJIANG SUNOASIS CO., LTD
22.32.1 BUSINESS OVERVIEW
22.32.2 PRODUCT OFFERINGS
22.33 ZNSHINE PV-TECH CO., LTD
22.33.1 BUSINESS OVERVIEW
22.33.2 PRODUCT OFFERINGS
22.34 CHINT SOLAR (ZHEJIANG) CO., LTD.
22.34.1 BUSINESS OVERVIEW
22.34.2 PRODUCT OFFERINGS
22.35 GS-SOLAR COMPANY LTD
22.35.1 BUSINESS OVERVIEW
22.35.2 PRODUCT OFFERINGS
22.36 HAREON SOLAR TECHNOLOGY CO., LTD
22.36.1 BUSINESS OVERVIEW
22.36.2 PRODUCT OFFERINGS
22.37 NEO SOLAR POWER CORPORATION
22.37.1 BUSINESS OVERVIEW
22.37.2 PRODUCT OFFERINGS
22.38 PHONO SOLAR TECHNOLOGY CO., LTD
22.38.1 BUSINESS OVERVIEW
22.38.2 PRODUCT OFFERINGS
22.39 TIANJIN ZHONGHUAN SEMICONDUCTOR CO., LTD
22.39.1 BUSINESS OVERVIEW
22.39.2 PRODUCT OFFERINGS
22.40 CHINA SHUIFA SINGYES ENERGY HOLDINGS LTD
22.40.1 BUSINESS OVERVIEW
22.40.2 PRODUCT OFFERINGS
22.41 SHANGHAI AEROSPACE AUTOMOBILE ELECTROMECHANICAL CO., LTD.
22.41.1 BUSINESS OVERVIEW
22.41.2 PRODUCT OFFERINGS
22.42 BLOOM ENERGY CORP
22.42.1 BUSINESS OVERVIEW
22.42.2 PRODUCT OFFERINGS
22.43 SUZLON ENERGY LTD
22.43.1 BUSINESS OVERVIEW
22.43.2 PRODUCT OFFERINGS
22.44 SOLARWORLD AKTIENGESELLSCHAFT
22.44.1 BUSINESS OVERVIEW
22.44.2 PRODUCT OFFERINGS
22.45 MAXEON SOLAR TECHNOLOGIES LTD
22.45.1 BUSINESS OVERVIEW
22.45.2 PRODUCT OFFERINGS
23 REPORT SUMMARY
23.1 KEY TAKEAWAYS
23.2 STRATEGIC RECOMMENDATIONS
24 QUANTITATIVE SUMMARY
24.1 MARKET BY GEOGRAPHY
24.2 GRID TYPE
24.2.1 MARKET SIZE & FORECAST
24.3 TYPE
24.3.1 MARKET SIZE & FORECAST
24.4 POWER CAPACITY
24.4.1 MARKET SIZE & FORECAST
24.5 INSTALLATION
24.5.1 MARKET SIZE & FORECAST
24.6 END-USER
24.6.1 MARKET SIZE & FORECAST
25 APPENDIX
25.1 RESEARCH METHODOLOGY
25.2 RESEARCH PROCESS
25.3 REPORT ASSUMPTIONS & CAVEATS
25.3.1 KEY CAVEATS
25.3.2 CURRENCY CONVERSION
25.4 ABBREVIATIONS
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