Solar Panel Market
Segments - by Types (Monocrystalline, Polycrystalline, Thin Film, and Others), Grid Types (On-grid and Off-grid), Applications (Residential, Commercial, Industrial, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2022 – 2030
The global solar panel market size was valued at around USD 146.08 billion in 2021 and is expected to reach USD XX by 2030, expanding at a CAGR of around 7.8% during the forecast period, 2022 – 2030. The growth of the market is attributed to the increasing demand for clean energy.
Solar energy refers to radiation, heat, and light released by the sun. The amount of solar energy that the earth receives is more than the current and anticipated energy requirement of the globe. If harnessed suitably, solar energy can become a nonpolluting, renewable, and inexhaustible supply of energy. Solar panels are an assembly of photovoltaic cells, which are specialized semiconductor diode that converts solar light into direct current. These cells can convert infrared and ultraviolet radiation into direct currents. These cells are installed in a framework usually on a rooftop, where the photovoltaic cells can get direct sunlight.
Solar energy is a reliable and inexhaustible source of energy, and it is cost-effective. The sun provides limitless energy to meet all the energy needs. It does not pollute air and water. It reduces carbon emissions, as there is no need of burning any type of fuel to create solar energy. Usage of solar energy promotes energy independence, as it does not have to rely on the power grid. Investing in the installation and maintenance of solar panels can facilitate individuals in generating solar energy.
Market Trends, Drivers, Restraints, and Opportunities
- Rising demand for clean and renewable energy is expected to drive the market during the forecast period.
- Increasing focus on reducing carbon emission and the negative effects of electricity generation using non-renewable sources boost the market.
- Growing government policies, programs, and incentives to promote the usage of solar panels across the globe fuel the market.
- High installation cost of solar panels is expected to hamper the growth of the market.
- Unreliable source of energy, that is sun or sunshine, used in solar panels is anticipated to hinder the growth of the market in the coming years.
- Rising adoption of solar panels in remote areas for electricity offers growth opportunities to the market players.
Scope of the Report
The report on the global solar panel 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 Panel Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
|
Base Year |
2021 |
|
Historic Data |
2019–2020 |
|
Forecast Period |
2022–2030 |
|
Segmentation |
Types (Monocrystalline, Polycrystalline, Thin Film, and Others), Grid Types (On-grid and Off-grid), and Applications (Residential, Commercial, Industrial, and Others) |
|
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
|
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
|
Key Players Covered in the Report |
Canadian Solar; Trina Solar Co., Ltd.; First Solar, Inc.; Jinko Solar ICP; LONGi; Q CELLS; Talesun; ABROS green GmbH; SunPower Corporation; Risen Energy Co., Ltd.; Canadian Utilities Limited; Photonix Solar Private Limited; eSolar; Yingli Solar; and Others |
Market Segment Insights
Thin film segment expands rapidly
On the basis of types, the market is divided into monocrystalline, polycrystalline, thin film, and others. The thin film segment is expected to hold a key market share during the forecast period, due to the durable, flexible, lightweight, and strong materials used in thin film solar panels. These factors facilitate the increasing usage of thin film solar panels in commercial and large-scale utility projects. These panels have reduced installation costs, which aids in the expansion of the segment. The crystalline segment is anticipated to register a significant CAGR during the forecast period, owing to the low weight, extended life, and low cost of silicon semiconductors used in crystalline solar panels.
Off-grid segment holds a key market share
In terms of grid types, the market is bifurcated into on-grid and off-grid. The off-grid segment is projected to dominate the market during the forecast period, owing to increasing energy demand from isolated locations across the globe. Increasing implementation of numerous regulatory policies to decentralize the power generation sector boosts the expansion of the off-grid segment. Low operating and maintenance cost is the key factor contributing to the expansion of the on-grid segment in the market.
Industrial segment holds a significant share
Based on applications, the market is segregated into residential, commercial, industrial, and others. The industrial segment is anticipated to dominate the market during the forecast period, due to the increasing demand for clean energy for the growing number of utility projects across the industrial sector. The commercial segment is anticipated to expand in the coming years, due to the rapid adoption of solar panels in offices, businesses, and other commercial buildings.
Asia Pacific dominates the market
In terms of regions, the market is segmented into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in Asia Pacific is expected to register a high CAGR during the forecast period, as governments in countries such as India and China continuously promote the use of solar energy in the countries. Increasing installation of solar power projects in these countries contributes to the expansion of the market in Asia Pacific. The market in North America held a significant market share in 2021. It is projected to expand rapidly during the forecast period, due to government policies and incentives to promote solar panels across the region.
Segments
The global solar panel market has been segmented on the basis ofTypes
- Monocrystalline
- Polycrystalline
- Thin Film
- Others
- On-grid
- Off-grid
- Residential
- Commercial
- Industrial
- Others
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
- Canadian Solar
- Trina Solar Co., Ltd.
- First Solar, Inc.
- Jinko Solar ICP
- LONGi
- Q CELLS
- Talesun
- ABROS green GmbH
- SunPower Corporation
- Risen Energy Co., Ltd.
- Canadian Utilities Limited
- Photonix Solar Private Limited
- eSolar
- Yingli Solar
- Others
Competitive Landscape
The global solar panel market is competitive with the presence of the key players such as Canadian Solar; Trina Solar Co., Ltd.; First Solar, Inc.; Jinko Solar ICP; LONGi; Q CELLS; Talesun; ABROS green GmbH; SunPower Corporation; Risen Energy Co., Ltd.; Canadian Utilities Limited; Photonix Solar Private Limited; eSolar; Yingli Solar; and others. They use business strategies such as collaborations, acquisitions, partnerships, mergers, and product launches to strengthen their hold on the market. For example, in November 2020, Canadian Utilities Limited announced the completion of a Canada-based large off-grid solar project, which is anticipated to increase demand for solar panels in the country. In May 2022, Jink Solar ICP signed an agreement with Aldo Solar, a Latin America-based distributor of solar energy solutions, to introduce new N-Type ultra-efficiency photovoltaic Tiger Neo modules by the company in Brazil.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Solar Panel 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 Panel Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Solar Panel Market - Supply Chain
4.5. Global Solar Panel Market Forecast
4.5.1. Solar Panel Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Solar Panel Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Solar Panel Market Absolute $ Opportunity
5. Global Solar Panel 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 Panel Market Size and Volume Forecast by Types
5.3.1. Monocrystalline
5.3.2. Polycrystalline
5.3.3. Thin Film
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Solar Panel Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. Solar Panel Market Size and Volume Forecast by Applications
6.3.1. Residential
6.3.2. Commercial
6.3.3. Industrial
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Solar Panel Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Solar Panel Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Solar Panel Demand Share Forecast, 2019-2026
8. North America Solar Panel 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
8.2. North America Solar Panel Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Solar Panel Market Size and Volume Forecast by Types
8.4.1. Monocrystalline
8.4.2. Polycrystalline
8.4.3. Thin Film
8.4.4. Others
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Solar Panel Market Size and Volume Forecast by Applications
8.7.1. Residential
8.7.2. Commercial
8.7.3. Industrial
8.7.4. Others
8.8. Basis Point Share (BPS) Analysis by Applications
8.9. Y-o-Y Growth Projections by Applications
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Solar Panel Demand Share Forecast, 2019-2026
9. Latin America Solar Panel 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. Latin America Average Pricing Analysis
9.2. Latin America Solar Panel Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Solar Panel Market Size and Volume Forecast by Types
9.4.1. Monocrystalline
9.4.2. Polycrystalline
9.4.3. Thin Film
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Solar Panel Market Size and Volume Forecast by Applications
9.7.1. Residential
9.7.2. Commercial
9.7.3. Industrial
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Solar Panel Demand Share Forecast, 2019-2026
10. Europe Solar Panel 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. Europe Average Pricing Analysis
10.2. Europe Solar Panel Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Solar Panel Market Size and Volume Forecast by Types
10.4.1. Monocrystalline
10.4.2. Polycrystalline
10.4.3. Thin Film
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Solar Panel Market Size and Volume Forecast by Applications
10.7.1. Residential
10.7.2. Commercial
10.7.3. Industrial
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Solar Panel Demand Share Forecast, 2019-2026
11. Asia Pacific Solar Panel 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. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Solar Panel Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Solar Panel Market Size and Volume Forecast by Types
11.4.1. Monocrystalline
11.4.2. Polycrystalline
11.4.3. Thin Film
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Solar Panel Market Size and Volume Forecast by Applications
11.7.1. Residential
11.7.2. Commercial
11.7.3. Industrial
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Solar Panel Demand Share Forecast, 2019-2026
12. Middle East & Africa Solar Panel Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Solar Panel Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Solar Panel Market Size and Volume Forecast by Types
12.4.1. Monocrystalline
12.4.2. Polycrystalline
12.4.3. Thin Film
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Solar Panel Market Size and Volume Forecast by Applications
12.7.1. Residential
12.7.2. Commercial
12.7.3. Industrial
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Solar Panel Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Solar Panel Market: Market Share Analysis
13.2. Solar Panel Distributors and Customers
13.3. Solar Panel Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Canadian Solar
13.4.2. Trina Solar Co., Ltd.
13.4.3. First Solar, Inc.
13.4.4. Jinko Solar ICP
13.4.5. LONGi
13.4.6. Q CELLS
13.4.7. Talesun
13.4.8. ABROS green GmbH
13.4.9. SunPower Corporation
13.4.10. Risen Energy Co., Ltd.
13.4.11. Canadian Utilities Lim
2. Assumptions and Acronyms Used
3. Research Methodology
4. Solar Panel 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 Panel Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Solar Panel Market - Supply Chain
4.5. Global Solar Panel Market Forecast
4.5.1. Solar Panel Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Solar Panel Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Solar Panel Market Absolute $ Opportunity
5. Global Solar Panel 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 Panel Market Size and Volume Forecast by Types
5.3.1. Monocrystalline
5.3.2. Polycrystalline
5.3.3. Thin Film
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Solar Panel Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. Solar Panel Market Size and Volume Forecast by Applications
6.3.1. Residential
6.3.2. Commercial
6.3.3. Industrial
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Solar Panel Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Solar Panel Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Solar Panel Demand Share Forecast, 2019-2026
8. North America Solar Panel 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
8.2. North America Solar Panel Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Solar Panel Market Size and Volume Forecast by Types
8.4.1. Monocrystalline
8.4.2. Polycrystalline
8.4.3. Thin Film
8.4.4. Others
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Solar Panel Market Size and Volume Forecast by Applications
8.7.1. Residential
8.7.2. Commercial
8.7.3. Industrial
8.7.4. Others
8.8. Basis Point Share (BPS) Analysis by Applications
8.9. Y-o-Y Growth Projections by Applications
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Solar Panel Demand Share Forecast, 2019-2026
9. Latin America Solar Panel 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. Latin America Average Pricing Analysis
9.2. Latin America Solar Panel Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Solar Panel Market Size and Volume Forecast by Types
9.4.1. Monocrystalline
9.4.2. Polycrystalline
9.4.3. Thin Film
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Solar Panel Market Size and Volume Forecast by Applications
9.7.1. Residential
9.7.2. Commercial
9.7.3. Industrial
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Solar Panel Demand Share Forecast, 2019-2026
10. Europe Solar Panel 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. Europe Average Pricing Analysis
10.2. Europe Solar Panel Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Solar Panel Market Size and Volume Forecast by Types
10.4.1. Monocrystalline
10.4.2. Polycrystalline
10.4.3. Thin Film
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Solar Panel Market Size and Volume Forecast by Applications
10.7.1. Residential
10.7.2. Commercial
10.7.3. Industrial
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Solar Panel Demand Share Forecast, 2019-2026
11. Asia Pacific Solar Panel 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. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Solar Panel Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Solar Panel Market Size and Volume Forecast by Types
11.4.1. Monocrystalline
11.4.2. Polycrystalline
11.4.3. Thin Film
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Solar Panel Market Size and Volume Forecast by Applications
11.7.1. Residential
11.7.2. Commercial
11.7.3. Industrial
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Solar Panel Demand Share Forecast, 2019-2026
12. Middle East & Africa Solar Panel Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Solar Panel Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Solar Panel Market Size and Volume Forecast by Types
12.4.1. Monocrystalline
12.4.2. Polycrystalline
12.4.3. Thin Film
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Solar Panel Market Size and Volume Forecast by Applications
12.7.1. Residential
12.7.2. Commercial
12.7.3. Industrial
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Solar Panel Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Solar Panel Market: Market Share Analysis
13.2. Solar Panel Distributors and Customers
13.3. Solar Panel Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Canadian Solar
13.4.2. Trina Solar Co., Ltd.
13.4.3. First Solar, Inc.
13.4.4. Jinko Solar ICP
13.4.5. LONGi
13.4.6. Q CELLS
13.4.7. Talesun
13.4.8. ABROS green GmbH
13.4.9. SunPower Corporation
13.4.10. Risen Energy Co., Ltd.
13.4.11. Canadian Utilities Lim
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FAQ Section
Some frequently asked quetions about this report!
Canadian Solar; Trina Solar Co., Ltd.; First Solar, Inc.; Jinko Solar ICP; LONGi; Q CELLS; Talesun; ABROS green GmbH; and SunPower Corporation are some of the key players in the market.
Asia Pacific dominates the global solar panel market.
The global solar panel market is valued at USD 146.08 billion in 2021.
Types, grid types, applications, and regions are the segmented provided in the global solar panel market report.
Solar panels are an assembly of photovoltaic cells, which are specialized semiconductors diode that converts solar light into direct current. These cells can convert infrared and ultraviolet radiation into direct current electricity as well.
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