Solar Panel Market Size

437 pages

150 tables

122 charts

5 region

22 countries

55 company

6 segments

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The Solar Panel Market Analysis Report provides insights into market size, share, and trends from 2024 to 2029. It covers various segments by grid type (on-grid, off-grid), end-user (commercial, utilities, industrial, residential, agriculture, military, and others), panel type (monocrystalline, polycrystalline, thin-film, bifacial, and others), power capacity (<10 kW to >1 MW), and installation type (rooftop, ground-mounted, BPIV, and others).

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:

  1. Growth of Green Building Activities
  2. Incorporation of Solar panel in Rooftop
  3. Increased Construction in the Hospitality Industry
  4. Favorable Government Policies and Incentives
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GLOBAL SOLAR PANEL MARKET REPORT SCOPE

REPORT ATTRIBUTEDETAILS
Market Size (2029)USD 273.15 Billion
Market Size (2023)USD 187.69 Billion
CAGR (2023-2029)6.45%
HISTORIC YEAR2020-2022
BASE YEAR2023
FORECAST YEAR2024-2029
SEGMENTS BYGrid Type, End-user, Type, Power Capacity, Installation, and Geography
GEOGRAPHIC ANALYSIS North America, Europe, APAC, Latin America, and Middle East & Africa
KEY PLAYERSJinkoSolar, Canadian Solar, Trina Solar, SunPower Corp, Hanwha Q Cells, Aiko Solar, LONGi Solar, Risen Energy, Kaneka Corporation, and Shell International Ltd
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SOLAR PANEL MARKET SIZE

The global solar panel market size was valued at USD 187.69 billion in 2023 and is projected to reach an impressive USD 273.15 billion by 2029, growing at a CAGR of 6.45%. This growth is driven by increasing awareness of climate change and continuous advancements in photovoltaic (PV) technology. Innovations in solar panel design, materials, and manufacturing processes have improved efficiency, durability, and cost-effectiveness, making solar energy more accessible across residential, commercial, and industrial sectors.

Key Market Drivers

  1. Advancements in Solar Technology: Significant progress in solar panel technology has boosted efficiency, enabling higher electricity generation from limited sunlight. Developments such as monocrystalline and polycrystalline silicon cells have reduced production costs while improving performance. These innovations have lowered the economic barriers to adoption, further fueling demand and helping transition to a sustainable energy future.
  2. Green Building Boom: Solar panels are integral to the rise of green buildings, providing eco-friendly energy solutions that meet sustainability standards. They reduce dependency on traditional electricity, helping achieve certifications like LEED and BREEAM. This trend, coupled with infrastructure renovations and retrofits in North America and Europe, is driving market expansion.
  3. Global Urbanization and Infrastructure Development: Countries like China and India are witnessing a surge in real estate and public-private investment projects. In Europe, infrastructure spending is projected to reach USD 14.8 trillion by 2040, further increasing the demand for solar energy solutions.

Challenges Impacting Growth

Despite its promising outlook, the market faces challenges such as high initial costs of solar panel installations and volatility in raw material prices. However, supportive government policies, tax incentives, and advances in production processes are mitigating these challenges and ensuring steady growth.

Regional and Segmental Insights

  1. Asia-Pacific (APAC) leads the market due to high production capacities in China and India, coupled with strong government backing for renewable energy adoption.
  2. Europe is also a key player, with significant investments in sustainable building development and renovation projects.
  3. By grid type, on-grid systems dominate due to cost-effectiveness and regulatory incentives like net metering policies.
  4. The monocrystalline solar panel segment is the market leader, offering the highest efficiency and space-saving advantages, making it ideal for both residential and commercial installations.

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:

  1. Growth of Green Building Activities
  2. Incorporation of Solar panel in Rooftop
  3. Increased Construction in the Hospitality Industry
  4. 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

  1. JinkoSolarBusiness Overview
  2. Product Offerings
  3. Key Strategies
  4. Key Strengths
  5. Key Opportunities
  6. Canadian Solar
  7. Trina Solar
  8. SunPower Corp
  9. Hanwha Q Cells
  10. Aiko Solar
  11. LONGi Solar
  12. Risen Energy
  13. Kaneka Corporation
  14. Shell International Ltd

Other Prominent Vendors

 

  1. GCL-Poly Energy Holdings Limited 
  2. Business Overview 
  3. Product Offerings 
  4. Hanwha SolarOne 
  5. Suntech Power 
  6. Soltecture GmbH 
  7. Talesun Solar 
  8. JA SOLAR TECHNOLOGY CO., LTD 
  9. Boviet Solar Technology Co., Ltd. 
  10. Recom Technologies 
  11. Solar East Holdings Co., Ltd. 
  12. First Solar, Inc 
  13. Hanergy Thin Film Power Group 
  14. Longi Green Energy Technology Co., Ltd. 
  15. Yingli Green Energy 
  16. REC Group 
  17. Enphase Energy 
  18. SolarEdge Technologies, Inc. 
  19. Seraphim Solar System Co., Ltd. 
  20. LG Electronics 
  21. Panasonic Solar 
  22. Silfab Solar 
  23. Qcells 
  24. Axitec Solar 
  25. Heliene 
  26. HT-SAAE 
  27. Hyundai Heavy Industries Green Energy 
  28. Astronergy 
  29. Sharp Solar 
  30. Tongwei Solar 
  31. Yingkou Jinchen Machinery Co., Ltd 
  32. Haitai New Energy 
  33. BYD Company Ltd. 
  34. TBEA Xinjiang SunOasis Co., Ltd 
  35. Znshine PV-Tech Co., Ltd 
  36. Chint Solar (Zhejiang) Co., Ltd. 
  37. GS-Solar Company Ltd 
  38. Hareon Solar Technology Co., Ltd. 
  39. Neo Solar Power Corporation 
  40. Phono Solar Technology Co., Ltd 
  41. Tianjin Zhonghuan Semiconductor Co., Ltd 
  42. China Shuifa Singyes Energy Holdings LTD 
  43. Shanghai Aerospace Automobile Electromechanical Co., Ltd 
  44. Bloom Energy Corp 
  45. Suzlon Energy Ltd 
  46. Solarworld Aktiengesellschaft 
  47. Maxeon Solar Technologies Ltd 

Segmentation by Grid Type

  1. On-grid
  2. Off-grid

Segmentation by End-user

  1. Commercial
  2. Utilities and Energy Companies
  3. Industrial
  4. Residential
  5. Agriculture Sectors
  6. Military and Defence Sectors
  7. Others

Segmentation by Type

  1. Monocrystalline Solar Panel
  2. Polycrystalline Solar Panel
  3. Thin-film Solar Panel
  4. Bifacial Solar Panel
  5. Others

Segmentation by Power Capacity

  1. Small-Scale Solar Panels (<10 kW)
  2. Medium-Scale Solar Panels (10 kW - 100 kW)
  3. Large-Scale Solar Panels (100 kW - 1 MW)
  4. Utility-Scale Solar Panels (>1 MW)

Segmentation by Installation

  1. Rooftop Solar Panels
  2. Ground-Mounted Solar Panels
  3. BPIV
  4. Others

Segmentation by Geography

  1. APACChina
  2. Japan
  3. India
  4. Australia
  5. South Korea
  6. EuropeGermany
  7. France
  8. Russia
  9. The U.K.
  10. Norway
  11. Denmark
  12. Italy
  13. Poland
  14. Spain
  15. North AmericaThe U.S.
  16. Canada
  17. Middle East & AfricaSaudi Arabia
  18. UAE
  19. South Africa
  20. Latin AmericaBrazil
  21. Mexico
  22. Argentina

Frequently Asked Questions

What is the growth rate of the global solar panel market?

The global solar panel market is expected to grow at a CAGR of 6.45% from 2023 to 2029.

How big is the solar panel market?

The global solar panel market size was valued at USD 187.69 billion in 2023 and is expected to reach USD 273.15 billion by 2029.

What are the significant trends in the solar panel industry?

Profit volatility in APAC, regulation on energy efficiency driving solar panel demand, advancements in solar technology, rise in commercial construction and projects, and rising demand for clean energy are significant trends in the solar panel industry.

Who are the key players in the global solar panel market?

JinkoSolar, Canadian Solar, Trina Solar, SunPower Corp, Hanwha Q Cells, Aiko Solar, LONGi Solar, Risen Energy, Kaneka Corporation, and Shell International Ltd are the key players in the global solar panel market.

Which region dominates the global solar panel market share?

APAC held the largest global solar panel market share, accounting for a share of over 36% in 2023.

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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Frequently Asked Questions

What is the growth rate of the global solar panel market?

The global solar panel market is expected to grow at a CAGR of 6.45% from 2023 to 2029.

How big is the solar panel market?

The global solar panel market size was valued at USD 187.69 billion in 2023 and is expected to reach USD 273.15 billion by 2029.

What are the significant trends in the solar panel industry?

Profit volatility in APAC, regulation on energy efficiency driving solar panel demand, advancements in solar technology, rise in commercial construction and projects, and rising demand for clean energy are significant trends in the solar panel industry.

Who are the key players in the global solar panel market?

JinkoSolar, Canadian Solar, Trina Solar, SunPower Corp, Hanwha Q Cells, Aiko Solar, LONGi Solar, Risen Energy, Kaneka Corporation, and Shell International Ltd are the key players in the global solar panel market.

Which region dominates the global solar panel market share?

APAC held the largest global solar panel market share, accounting for a share of over 36% in 2023.

Solar Panel Market Report

  • Solar Panel Market Size