Germany Solar Energy Market

Germany Solar Energy Market by Types (Solar Photovoltaic and Concentrated Solar Power) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: EP-2140
  • Author: Growth Market Reports
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  • No. Of Pages: 178
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The Germany solar energy market size is projected to expand at a high CAGR during the forecast period, 2021–2028. The growth of the market is attributed to promotion of government policies, environmental awareness, and government's commitment to reducing carbon footprint.


Germany Solar Energy Market summary

Solar energy is the richest and cleanest renewable energy source on the planet. Countries such as China, Germany, Spain and the United States have some of the world's largest sources of solar energy. There are two main uses for solar energy: photovoltaic and concentrated. Solar energy is an advanced technology and emerging countries around the world are actively promoting solar energy as an alternative to traditional energy sources and thus making a positive contribution to solar energy market by means of concentrated or combined solar energy. Sun tracking system is used to focus a large area of ??sunlight, photovoltaic cells converts light into electrical current using the photovoltaic effect. Commercial centralized solar power plants were first introduced in the 1980s. Solar PV panels are becoming an inexpensive, low-carbon technology for harnessing the sun's renewable energy. The Growth in the solar market is driven by increased pollution and government incentives and tax breaks for solar panel installations.

The Covid-19 pandemic affected the demand and supply of Germany solar energy market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.

Market Trends, Drivers, Restraints, and Opportunities

  • Growing investment in solar energy and increasing adoption of solar technology by large industries to cut-off the electricity demand is expected to boost the market during forecast period.
  • Rapid growth of the renewable energy industry owing to increasing government initiatives and subsidized purchase of solar energy equipment is major factors fueling market in the coming years.
  • Rising environmental awareness and prevention in greenhouse gases, in addition to increasing preference for solar energy among consumers is anticipated to drive the market during the forecast period.
  • High price of solar system products and the concern about solar radiation in nearby areas is expected to restrict the market growth.
  • Lack of awareness about the initiatives and support programs by government among consumers act as major challenges that can hamper the market growth during the forecast period.
  • R&D investment and technological advancement of solar systems for high production capacity and low harnessing cost is projected to offer significant opportunities for the market players.

Scope of the Report

The report on the Germany solar energy market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Solar Energy Market – Germany Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Types (Solar Photovoltaic and Concentrated Solar Power)

Geography

Germany

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Hanwha Q Cells Co. Ltd.; Sun Power Corp.; IBC Solar AG; Schott Solar Inc.; and Centrotherm International AG

Market Segment Insights

The solar photovoltaic segment is projected to hold a major market share

Based on types, the solar energy market is bifurcated into solar photovoltaic and concentrated solar power. The solar photovoltaic segment is expected to hold a key share of the market during the forecast period owing to the German government introduced a subsidy to reduce imports through legislation such as the renewable energy act, which clearly states support for electricity generation from renewable sources, and also specifies electricity prices for factories. Germany has few oil and gas resources to meet its energy needs and is trying to reduce its dependence on imports. The country is trying to switch from fossil fuels to renewable energy sources. Germany imported roughly $ 30 billion worth of crude oil; over 40% of the country's energy needs were dependent on coal and gas, mainly from Norway and Russia. As a result, the German government is using practices such as subsidies, innovation, and legislation to reduce dependence on imports and ensure the country's energy security mix. The solar energy sector is driving down the global average selling price of solar PV. Capital costs are expected to stabilize at a low level with anticipated technological improvements and increased supply of panels with the viability of solar projects. The government is promoting solar installations in rural areas by providing subsidized solar panels and other incentives, the number of solar installations is expected to increase during the forecast period. Solar photovoltaic systems are divided into monofilm, thin-film, multilayer, and others and concentrated solar power is divided into parabolic trough, power support and line piping.


Germany Solar Energy Market types

Segments

Segments Covered in the Report
The Germany solar energy market has been segmented on the basis of
Types

  • Solar Photovoltaic
  • Concentrated Solar Power

Key Players

  • Hanwha Q Cells Co. Ltd.
  • Sun Power Corp.
  • IBC Solar AG
  • Schott Solar Inc.
  • Centrotherm International AG

 

Competitive Landscape

Key players competing in the solar energy market include Hanwha Q Cells Co. Ltd.; Sun Power Corp.; IBC Solar AG; Schott Solar Inc.; and Centrotherm International AG.

Some of these players are using several market strategies including mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.

Germany Solar Energy Market key players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Solar Energy Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Solar Energy Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Solar Energy Market - Supply Chain
  4.5. Global Solar Energy Market Forecast
     4.5.1. Solar Energy Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Solar Energy Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Solar Energy Market Absolute $ Opportunity
5. Global Solar Energy Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Solar Energy Market Size and Volume Forecast by Types
     5.3.1. Solar Photovoltaic
     5.3.2. Concentrated Solar Power
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Solar Energy Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Solar Energy Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Solar Energy Demand Share Forecast, 2019-2026
7. North America Solar Energy Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Solar Energy Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Solar Energy Market Size and Volume Forecast by Types
     7.4.1. Solar Photovoltaic
     7.4.2. Concentrated Solar Power
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Solar Energy Demand Share Forecast, 2019-2026
8. Latin America Solar Energy Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Solar Energy Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Solar Energy Market Size and Volume Forecast by Types
     8.4.1. Solar Photovoltaic
     8.4.2. Concentrated Solar Power
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Solar Energy Demand Share Forecast, 2019-2026
9. Europe Solar Energy Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Solar Energy Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Solar Energy Market Size and Volume Forecast by Types
     9.4.1. Solar Photovoltaic
     9.4.2. Concentrated Solar Power
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Solar Energy Demand Share Forecast, 2019-2026
10. Asia Pacific Solar Energy Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Solar Energy Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Solar Energy Market Size and Volume Forecast by Types
     10.4.1. Solar Photovoltaic
     10.4.2. Concentrated Solar Power
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Solar Energy Demand Share Forecast, 2019-2026
11. Middle East & Africa Solar Energy Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Solar Energy Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Solar Energy Market Size and Volume Forecast by Types
     11.4.1. Solar Photovoltaic
     11.4.2. Concentrated Solar Power
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Solar Energy Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Solar Energy Market: Market Share Analysis
  12.2. Solar Energy Distributors and Customers
  12.3. Solar Energy Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Hanwha Q Cells Co. Ltd.
     12.4.2. Sun Power Corp.
     12.4.3. IBC Solar AG
     12.4.4. Schott Solar Inc.
     12.4.5. Centrotherm International AG

Segments Covered in the Report
The Germany solar energy market has been segmented on the basis of
Types

  • Solar Photovoltaic
  • Concentrated Solar Power

Key Players

  • Hanwha Q Cells Co. Ltd.
  • Sun Power Corp.
  • IBC Solar AG
  • Schott Solar Inc.
  • Centrotherm International AG

 

Key players competing in the solar energy market include Hanwha Q Cells Co. Ltd.; Sun Power Corp.; IBC Solar AG; Schott Solar Inc.; and Centrotherm International AG.

Some of these players are using several market strategies including mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.

Germany Solar Energy Market key players

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