Photovoltaic Solar Panel Market Report 2023 (Global Edition)

Companies:	BrightSource Energy Inc, Canadian Solar Inc. (Canada), First Solar Inc. (United States), Jinko Solar, Kaneka Corporation (Japan), Kyocera Corporation (Japan), Nextera Energy Sources LLC, Panasonic Corporation (Japan), Sharp Corporation (Japan), Solar World Ag (Germany), Sun Power Corporation (United States), Suntech Power Holding Co. Ltd. (China), Tata Power Solar Systems Ltd., Trina Solar, Vivaan Solar, Waaree Group, Wuxi Suntech Power Co. Ltd, Yingli Green Energy Holding Co. Ltd. (China), Yingli Solar
Grid Type:	Grid Connected, Off-Grid
Application:	Residential, Commercial, Utility-Scale
Technology:	Monocrystalline Silicon, Thin Film, Polycrystalline Silicon, Others
Installation:	Ground Mounted, Rooftop, Others
The base year for the calculation is 2023 and 2018 to 2022 will be historical period. The year 2023 will be estimated one while the forecasted data will be from year 2023 to 2028. When we deliver the report that time we updated report data till the purchase date. Last Updated: 2023-02-18T06:46:20 SKU: CMR357183 Number of Pages: 250+ PDF Access: Password protected PDF file, Excel File Access: Quantitative data, PPT Report Access: For the presentation purpose, Cloud Access: Secure Company Account Access. Report Format: PDF \| PPT \| Excel \| Word \| Bi Rating: 4.8 Review: 6

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Key Insights from Photovoltaic Solar Panel Market Report

The global market size for Global Photovoltaic Solar Panel in the year 2021 was estimated at USD 154.29 Bn.

Asia Pacific held the largest market revenue of 45.48% in 2021.

In Terms of Revenue, On-grid was the Leading segment with 55.67% Share of total xx Market in 2021.

In Terms of Revenue, Ground Mounted was the Leading segment with 49.93% Share of total xx Market in 2021.

In Terms of Revenue, Non-residential was the Leading segment with 49.93% Share of total xx Market in 2021.

Photovoltaic Solar Panel Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!

Photovoltaic Solar Panel Market Report Description

Photovoltaics gets its name from the process of converting light (photons) to electricity (voltage), which is called the photovoltaic effect. PV panels, commonly referred to as solar panels, are devices that collect solar energy and turn it into electricity. Electricity produced by PV panels is mostly used for powering household appliances and equipment. PV in solar panels is ‘photovoltaic’ because the panels consist of small photovoltaic cells that are connected together. These cells are made out of semiconducting material, silicone being the most commonly used.

Environmental awareness associated with the emission of pollutants, the transitional shift from conventional to renewable, and rising investment in solar energy are some of the key driving factors for the Photovoltaic Solar Panel market. For instance, according to World Energy Investment (2021), investment in solar PV was over USD 120 Billion in 2020. Further, in 2020, wind capacity almost doubled compared to 2019, to 114 GW, while solar PV also expanded by almost a quarter, reaching almost 135 GW.
In addition, favorable government schemes and incentives, including tax exemptions and tariffs may offer lucrative opportunities for the global solar PV market. However, the high installation cost of solar PV panels can hamper the growth of the market.

Market Trends

Power consumption is increasing in developing countries such as India, China, and others in the Asia Pacific and other regions over the last few years, due to growing industrialization, growing population, robust economic growth, and increasing per capita income. These economies witnessing high electricity demand due to expansion and development. As the demand for electricity is increasing, different countries across the globe are increasing their electricity-generating capacity. In addition to this, governments of different countries have imposed strict rules and regulations on carbon emissions, due to this the focus is shifting to the renewable energy sector.

Timelines can be altered (extra years data or less years data) as per the data needs

Report Timeline and Details

Base Year	2022
Historical Data Time Period	2018-2022
Forecast Period	2023-2030
Report Edition	7th Edition (2023)
Last Update	Last Updated In April 2023
Next Report Edition	June 2023 (Pre-Booking Available)
Market Forecast/Projection Time Period	2023-2030
Report Format	PDF \| PPT \| Excel \| Word \| Bi
Report ID	CMR357183

Photovoltaic Solar Panel Market Report 2023 (Global Edition) Table of Content differs according to the user License selection. Current Displayed TOC is for the Single User License Report Edition. TOC Customization options: Add or Remove section/s Or chapter/s from the report. Specific section/s of report can be ordered at a discounted price. If applicable; On Request Volume Data will also be provided (at an Additional Cost).

Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)

This chapter helps you to understand the importance of report and how we designed the report scope of Photovoltaic Solar Panel market. As per your requirement we can also design the market scope as a customised report.

Chapter 1 Industrial Insight and Market Scope

1.1 Global Photovoltaic Solar Panel Industry Introduction
1.2 Objectives of the Study
1.3 USP of the Report
1.4 Who is this report for?
1.5 Designing of Market Scope
- 1.5.1 Photovoltaic Solar Panel Market Segmentation
- 1.5.1 Photovoltaic Solar Panel Market Regional Fragmentation
- 1.5.1 Photovoltaic Solar Panel Market Players
1.6 Report Duration
1.7 List of Stakeholders

This chapter provides insights on our data collection and data validation process. It covers detailed information on wide range of sources referred during the study.

Chapter 2 Research Methodology Review Complete Research Methodology

2.1 Photovoltaic Solar Panel Market Report 2023 Research Methodology
2.2 Systematic Research Approach
- 2.2.1 Primary Research
  - 2.2.1.1 Key Data from Primary
  - 2.2.1.2 Primary Interviews with Experts
  - 2.2.1.3 Key Industry Insights
  - 2.2.1.4 Questionnaire
    
    At Cognitive Market Research, we have designed questionnaire focused on Photovoltaic Solar Panel Market for the statistical study. This questionnaire is the key part of our research methodology which is shared with number of Photovoltaic Solar Panel industry experts of entire value chain, located across the globe. This study help us to gather accurate quantitative and qualitative data for the final report.
  - 2.2.1.5 Breakdown of Primaries
- 2.2.2 Secondary Research
  - 2.2.2.1 Key Data from Secondary
  - 2.2.2.2 Paid Sources
  - 2.2.2.3 Public Sources
2.3 Market Size Estimation
- 2.3.1 Top-Down Approach
  - 2.3.1.1 Analyzing Market Size by Top-Down Approach (Supply Side)
- 2.3.1 Bottom-UP Approach
  - 2.3.1.1 Analyzing Market Size by Bottom-Up Approach (Demand Side)
2.4 Market Breakdown and Data Triangulation
2.5 Research Assumptions

The executive summary is an overview of a Photovoltaic Solar Panel Market Report. In this chapter we have summarized the overall report data in snapshot format.

Chapter 3 Executive Summary of Photovoltaic Solar Panel Market

3.1 Global Photovoltaic Solar Panel Market Size 2018 – 2030, (USD Million)
3.2 Global Photovoltaic Solar Panel Value, Absolute & Opportunity Analysis
3.3 Global Photovoltaic Solar Panel Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
3.4 Global Photovoltaic Solar Panel Market Statistics 2022: Snapshot

This chapters incorporated product description overview and regional sales statistics for the year 2018-2030.

Chapter 4 Global Photovoltaic Solar Panel Market Overview

4.1 Photovoltaic Solar Panel Introduction
4.2 Global Photovoltaic Solar Panel Market Statistics by Regions (2018-2030)
- 4.2.1 North America Photovoltaic Solar Panel Market Share, Status and Prospect (2018 - 2030) and Value, Absolute & Opportunity Analysis
- 4.2.2 Europe Photovoltaic Solar Panel Market Share, Status and Prospect (2018 - 2030) and Value, Absolute & Opportunity Analysis
- 4.2.3 Asia Pacific Photovoltaic Solar Panel Market Share, Status and Prospect (2018 - 2030) and Value, Absolute & Opportunity Analysis
- 4.2.4 Latin America Photovoltaic Solar Panel Market Share, Status and Prospect (2018 - 2030) and Value, Absolute & Opportunity Analysis
- 4.2.5 Middle East and Africa Photovoltaic Solar Panel Market Share, Status and Prospect (2018 - 2030) and Value, Absolute & Opportunity Analysis
4.3 Global Photovoltaic Solar Panel Market Size (2018-2030)
- 4.3.1 Global Photovoltaic Solar Panel Revenue Status and Outlook (2018-2030)
4.4 Global Photovoltaic Solar Panel Market Price Analysis by Regions (2018-2030)

This chapter covers a competitive analysis of the global Photovoltaic Solar Panel market, and it includes quantitative information such as revenue and market share of the manufacturers. The chapter also includes information regarding the strategies adopted by the manufacturers such as mergers, acquisitions, and new product launches.

Chapter 5 Competitive Analysis (Subject to Availability)

5.1 Global Photovoltaic Solar Panel Market Revenue and Share by Manufacturers (2018-2022)
5.2 Global Photovoltaic Solar Panel Industry Mergers and Acquisition Analysis
5.3 Global Photovoltaic Solar Panel New Launches Analysis
5.4 Company Categorization
5.5 Global Photovoltaic Solar Panel Top Winning Strategies, by Manufacturers (2018-2022)

ESG analysis is the consideration of all factors in investment including environmental, social, and governance (ESG) factors. ESG integration is key part of the investment process. ESG analysis helps to measure company’s goals and progress when it comes to climate change, social improvement and good governance.

Chapter 6 Environmental, Social, and Governance (ESG) Analysis

6.1 Overall Company’s Disclosure Score

This chapter helps you understand the Market Drivers, Market Restrain, Market Opportunity and Trends by each segment.

Chapter 7 Qualitative Analysis

7.1 Photovoltaic Solar Panel Industrial Dynamics
- 7.1.1 Global Photovoltaic Solar Panel Market Drivers
- 7.1.2 Global Photovoltaic Solar Panel Market Restrains
- 7.1.3 Global Photovoltaic Solar Panel Market Opportunities
- 7.1.4 Global Photovoltaic Solar Panel Market Trends
7.2 Photovoltaic Solar Panel Market Attractiveness Analysis
- 7.1.1 Market Attractiveness Analysis by Type Segment
- 7.1.2 Market Attractiveness Analysis by Application Segment
7.3 PESTEL Analysis for Photovoltaic Solar Panel Market
- 7.3.1 Political Factors
- 7.3.2 Economic Factors
- 7.3.3 Social Factors
- 7.3.4 Technological Factors
- 7.3.5 Legal Factors
- 7.3.6 Environmental Factors
7.4 Porter’s Five Forces Analysis for Photovoltaic Solar Panel Market
- 7.4.1 Bargaining Power of Suppliers
- 7.4.2 Bargaining Power of Buyers
- 7.4.3 Threat of Substitutes
- 7.4.4 Threat of New Entrants
- 7.4.5 Degree of Competition
7.5 COVID-19 Impact on Photovoltaic Solar Panel Industry
- 7.4.1 Overall Impact of COVID-19 on Photovoltaic Solar Panel Industry
- 7.4.2 Post COVID-19 Impact and Recovery Analysis
- 7.4.3 Influencing Factors
7.6 Consumer Preference Analysis for Photovoltaic Solar Panel Market
7.7 Patent Analysis of Photovoltaic Solar Panel
7.8 Photovoltaic Solar Panel Industrial Chain Analysis
7.9 Manufacturing Cost Analysis

This segment of the report provides in-depth and pertinent information on every foremost player in the market through both primary and secondary research. The Company Basic Information, and Sales Area chapter includes ten or more key players, which are dominating the market. Each company profile includes demystifying professional information in a tabular format, which comprises the company’s official website, established year, market position, geographical presence, competitors, and contact information. Further, company profiling includes an in-detailed business overview, COVID-19 impact on the particular firm, product type specifications, revenue & market share, and recent developments done by the company for its inorganic development, such as mergers, strategic acquisitions, partnerships, and others. Besides, profiling includes the company’s investment in research and development activities. The recent innovative product launches, business expansion, investments done by the company in different markets, and other news are also available in the company profiling section. At last, it provides the company’s business strategy and SWOT analysis.

Chapter 8 Company Profiling (Subject to Availability)

This chapter covers in-detailed insights regarding type segments to understand consumer interests and provide a revenue stream for each type. Type segment analysis help in making a better business decision to maximize profitability by focusing resources on those market type that are relatively favorable to their goals.

Chapter 9 Global Photovoltaic Solar Panel Market by Grid Type Segmentation Analysis (2018-2030)

9.1 Detailed Qualitative Analysis
9.2 Global Photovoltaic Solar Panel Revenue and Share (%) by Grid Type (2018-2030)
- 9.2.1 Grid Connected Market Size
  - 9.2.1.1 Global Grid Connected Market Share and Revenue (USD Million) for 2018-2030
  - 9.2.1.2 Photovoltaic Solar Panel Market for Grid Connected, by Country (2021 Vs 2024)
- 9.2.2 Off-Grid Market Size
  - 9.2.2.1 Global Off-Grid Market Share and Revenue (USD Million) for 2018-2030
  - 9.2.2.2 Photovoltaic Solar Panel Market for Off-Grid, by Country (2021 Vs 2024)

Chapter 10 Global Photovoltaic Solar Panel Market by Application Segmentation Analysis (2018-2030)

10.1 Detailed Qualitative Analysis
10.2 Global Photovoltaic Solar Panel Revenue and Share (%) by Application (2018-2030)
- 10.2.1 Residential Market Size
  - 10.2.1.1 Global Residential Market Share and Revenue (USD Million) for 2018-2030
  - 10.2.1.2 Photovoltaic Solar Panel Market for Residential, by Country (2021 Vs 2024)
- 10.2.2 Commercial Market Size
  - 10.2.2.1 Global Commercial Market Share and Revenue (USD Million) for 2018-2030
  - 10.2.2.2 Photovoltaic Solar Panel Market for Commercial, by Country (2021 Vs 2024)
- 10.2.3 Utility-Scale Market Size
  - 10.2.3.1 Global Utility-Scale Market Share and Revenue (USD Million) for 2018-2030
  - 10.2.3.2 Photovoltaic Solar Panel Market for Utility-Scale, by Country (2021 Vs 2024)

Chapter 11 Global Photovoltaic Solar Panel Market by Technology Segmentation Analysis (2018-2030)

11.1 Detailed Qualitative Analysis
11.2 Global Photovoltaic Solar Panel Revenue and Share (%) by Technology (2018-2030)
- 11.2.1 Monocrystalline Silicon Market Size
  - 11.2.1.1 Global Monocrystalline Silicon Market Share and Revenue (USD Million) for 2018-2030
  - 11.2.1.2 Photovoltaic Solar Panel Market for Monocrystalline Silicon, by Country (2021 Vs 2024)
- 11.2.2 Thin Film Market Size
  - 11.2.2.1 Global Thin Film Market Share and Revenue (USD Million) for 2018-2030
  - 11.2.2.2 Photovoltaic Solar Panel Market for Thin Film, by Country (2021 Vs 2024)
- 11.2.3 Polycrystalline Silicon Market Size
  - 11.2.3.1 Global Polycrystalline Silicon Market Share and Revenue (USD Million) for 2018-2030
  - 11.2.3.2 Photovoltaic Solar Panel Market for Polycrystalline Silicon, by Country (2021 Vs 2024)
- 11.2.4 Others Market Size
  - 11.2.4.1 Global Others Market Share and Revenue (USD Million) for 2018-2030
  - 11.2.4.2 Photovoltaic Solar Panel Market for Others, by Country (2021 Vs 2024)

Chapter 12 Global Photovoltaic Solar Panel Market by Installation Segmentation Analysis (2018-2030)

12.1 Detailed Qualitative Analysis
12.2 Global Photovoltaic Solar Panel Revenue and Share (%) by Installation (2018-2030)
- 12.2.1 Ground Mounted Market Size
  - 12.2.1.1 Global Ground Mounted Market Share and Revenue (USD Million) for 2018-2030
  - 12.2.1.2 Photovoltaic Solar Panel Market for Ground Mounted, by Country (2021 Vs 2024)
- 12.2.2 Rooftop Market Size
  - 12.2.2.1 Global Rooftop Market Share and Revenue (USD Million) for 2018-2030
  - 12.2.2.2 Photovoltaic Solar Panel Market for Rooftop, by Country (2021 Vs 2024)
- 12.2.3 Others Market Size
  - 12.2.3.1 Global Others Market Share and Revenue (USD Million) for 2018-2030
  - 12.2.3.2 Photovoltaic Solar Panel Market for Others, by Country (2021 Vs 2024)

This chapter categorizes detailed perceptions into an application segment based on end users’ needs, and preferences to understand their requirements and purchasing patterns effectively. It analyzes the current trends of the market that mainly consists of information related to new product use, trends in consumer demand, and available close substitutes of the product.

Chapter 13 Global Photovoltaic Solar Panel Market Regional Analysis

13.1 Detailed Qualitative Analysis
13.2 Global Photovoltaic Solar Panel Market Revenue by Region (2018-2030)
13.3 Global Photovoltaic Solar Panel Market Share (%) by Region (2018-2030)

Chapter 14 North America Photovoltaic Solar Panel Market Outlook (2018 - 2030)

Chapter 15 Europe Photovoltaic Solar Panel Market Outlook (2018 - 2030)

Chapter 16 Asia Pacific Photovoltaic Solar Panel Market Outlook (2018 - 2030)

Chapter 17 Latin America Photovoltaic Solar Panel Market Outlook (2018 - 2030)

Chapter 18 Middle East and Africa Photovoltaic Solar Panel Market Outlook (2018 - 2030)

This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Photovoltaic Solar Panel market

Chapter 19 Research Findings

19.1 Key Takeaways
19.2 Analyst Point of View

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Segmentation Level Customization	Additional Segments and Sub Segment Cross-split Segments of Photovoltaic Solar Panel Additional Countries Granular data
Global level Data Customization	Sales Volume Production Production Capacity Pricing Analysis of Product
Region level Data Customization	Sales Volume Production Production Capacity Pricing Analysis of Product
Country level Data Customization	Sales Volume Production Production Capacity Segment Analysis on Country level is also available (On request) Pricing Analysis of Product
Company Level	Company Market Share on Regional Level/ Country Level Company Sales Volume Company Production Volume Company Production Capacity Company Specific Distributors Manufacturing Process by different manufacturers Global/ Regional/ Country level Major Distributors Additional Competitors Analysis of your choice Tier 1 tier 2 tier 3 start ups.... Manufacturers Market Concentration Ratio Industry benchmarking
Additional Data Analysis	Surveys/polls Value Chain Analysis Raw Material Analysis Price Trend Analysis Supplier/Distributor List Market Economic Supply Demand Gap Analysis Customer Sentiment Analysis Stock Price Prediction Analysis Stock Performance Correlation Analysis Patent Analysis Technology Development Analysis Merger and Acquistion Consulting Top Winning Strategies / Strategic Benchmarkeing Heat Map Analysis ESG Analysis Product life cycle Customer buying behavior and decision-making process Marketing Mix Analysis Product Launch Strategy Building
Additional Qualitative Data	Pipeline Products Market Trends Industry Events and Developments Sales Key Indicators Risk Analysis Regulatory Landscape Customer Sentiment Analysis R&D landscape Market Entry / Exit Consulting Identifying New Application/End Use
Additional Quantitative Data	Import Data Export Data Quarterly Revenue (Q1,Q2,Q3,Q4) Forecast Period Extension: 2023 to 2033 Historical Period Data Available: 2011 to 2022 IPO prospectus
Service Level Customization	Quarterly Report Updates (Q1,Q2,Q3,Q4) Annual Report Updates (Subscribe 1/2/3/4/...Years) Exclusive Report Delivery (NDA) Dedicated Research Analyst Support (Email, Calls, Interview) Data Support (Unlimited Time Period) Photovoltaic Solar Panel Database Subscription (Full Access)
Report Format Alteration	Quarterly Revenue (Q1,Q2,Q3,Q4) Revenue in USD ($)/Euro (€)/Pound (£)/Yen (¥)/etc Translation Rights and Multi Language Report Editions Average FOB Price/Average Selling Price

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Photovoltaic Solar Panel Market Analysis

Global Photovoltaic Solar Panel Market Report 2023 talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Photovoltaic Solar Panel Industry growth. Photovoltaic Solar Panel market has been segmented with the help of its Grid Type, Application Technology, and others. Photovoltaic Solar Panel market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.

Report scope is customizable as we have a huge database of Photovoltaic Solar Panel industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.

Industry segmentation can be altred as per your needs. For example, we can proivde cross slipt between Grid Connected with Application, Technology, additional country analysis, volume/consumption data, etc.

Photovoltaic Solar Panel Market Report Scope

Major Grid Type Analysed	Grid Connected Off-Grid
Major Application Analysed	Residential Commercial Utility-Scale
Major Technology Analysed	Monocrystalline Silicon Thin Film Polycrystalline Silicon Others
Major Installation Analysed	Ground Mounted Rooftop Others
Top Manufacturers Disclosed	BrightSource Energy Inc Canadian Solar Inc. (Canada) First Solar Inc. (United States) Jinko Solar Kaneka Corporation (Japan) Kyocera Corporation (Japan) Nextera Energy Sources LLC Panasonic Corporation (Japan) Sharp Corporation (Japan) Solar World Ag (Germany) Sun Power Corporation (United States) Suntech Power Holding Co. Ltd. (China) Tata Power Solar Systems Ltd. Trina Solar Vivaan Solar Waaree Group Wuxi Suntech Power Co. Ltd Yingli Green Energy Holding Co. Ltd. (China) Yingli Solar Confidential Data Access The Paid Version Data Hidden List of 2nd tier, 3rd tier and new players (data available) Please Note: Not all players are disclosed \| Listed In No particular Order due to Data Confidentiality
Global, Regional and Country Analysis	North America (United States, Canada, Mexico) Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium) Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC) South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America) Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)
Key Qualitative Information Covered	Drivers Restraints Opportunities COVID-19 Impact Analysis Key Trends Technological Advancement

Based On Grid Type market is segmented into On-grid and Off-grid. The on-grid segment held the largest share of the market in 2021, due to the rising number of utility-scale projects around the world. It ranges from small residential units to large utility-scale solar PV generating stations. Further, the off-grid segment is expected to grow during the forecast period, as its adoption in rural areas is increasing

Photovoltaic Solar Panel Market Share (%) by Grid Type in 2018-2030

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Photovoltaic Solar Panel Industry. Request a Free Sample PDF!

Based on application, the market is segmented into residential, non-residential, and utilities. The utility segment held the largest revenue share in 2021, owing to the increasing number of utility-scale sun-energy projects.

Photovoltaic Solar Panel Market Share (%) by Application in 2018-2030

The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Photovoltaic Solar Panel market report 2023 Edition by contacting our team.

Photovoltaic Solar Panel Technology Segment Analysis

Based On Technology, the market is segmented into Monocrystalline Silicon, Thin Film, Polycrystalline Silicon, and Others. The Monocrystalline Silicon segment has the largest revenue share in 2021, as it has a wide range of applications and is used in the commercial, residential and industrial segments.

Technology	2021 % Share
Monocrystalline Silicon	34.43%
Thin Film	26.21%
Polycrystalline Silicon	21.73%
Others	17.63%

Monocrystalline Silicon
Thin Film
Polycrystalline Silicon
Others

Photovoltaic Solar Panel Installation Segment Analysis

Moreover, based on Installation market is segmented into Ground Mounted, Rooftop, and Others. Ground-mounted installation held the largest revenue share in 2021, owing to its use in the commercial sector and its cost-effectiveness. The rooftop segment is expected to grow significantly during the forecast period.

Ground Mounted
Rooftop
Others

Asia Pacific held the largest market revenue of 45.48% in 2021 and is expected to remain dominating in the projection period, owing to the increasing demand for alternative electricity sources, growing industrialization, and government initiatives for renewable energy. For instance, according to the Ministry of New and Renewable Energy, Viability Gap Funding (VGF) support of Rs. 5050 crores will be provided for setting up of at least 5000 MW Grid-connected Solar PV power projects by Solar Power Developers on a Build-Own-Operate basis.

Region	2021 % Share
North America	25.01%
Europe	21.04%
Asia Pacific

In this region, demand for solar panels is increasing in developing countries like China and India, which are the key markets for solar panels both globally and in the Asia Pacific. Further, North America occupied the second-largest revenue share in 2021. This is due to the increasing demand from the industrial sector in North America.

Region-wise, the market is analyzed across: (In case you wish to acquire a specific region or any country data then please contact us)

North America (United States, Canada, Mexico)
Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

Photovoltaic Solar Panel Market Share (%) by Region (2018-2030)

The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!

News

JinkoSolar's High-efficiency N-Type Monocrystalline Silicon Solar Cell Sets New Record with Maximum Conversion Efficiency of 26.1% (October 2022)

JnkoSolar Holding Co., Ltd., one of the largest solar module manufacturers in the world, announced that it has achieved a major technical breakthrough for its 182 mm high-efficiency N-type monocrystalline silicon solar cell.

Ørsted completes Muscle Shoals solar project in Alabama (September 2021)

Ørsted continued to expand its solar footprint across the US and has completed the 227 MWAC Muscle Shoals solar PV project in Colbert County, Alabama. Located in the Tennessee Valley Authority ('TVA') service area, the project has a long-term PPA with TVA.

Canadian Solar to Construct One of The Largest C&I Solar Rooftop Projects in Malaysia (August 2020)

Canadian Solar Inc., announced that it has commenced construction on one of the largest commercial and industrial rooftop solar projects in Malaysia, in collaboration with Antah Solar Sdn. Bhd. and Eleaps Sdn. Bhd.

Top Companies Market Share in Photovoltaic Solar Panel Industry: (In no particular order of Rank)

BrightSource Energy Inc
Canadian Solar Inc. (Canada)
First Solar Inc. (United States)
Jinko Solar
Kaneka Corporation (Japan)
Kyocera Corporation (Japan)
Nextera Energy Sources LLC
Panasonic Corporation (Japan)
Sharp Corporation (Japan)
Solar World Ag (Germany)
Sun Power Corporation (United States)
Suntech Power Holding Co. Ltd. (China)
Tata Power Solar Systems Ltd.
Trina Solar
Vivaan Solar
Waaree Group
Wuxi Suntech Power Co. Ltd
Yingli Green Energy Holding Co. Ltd. (China)
Yingli Solar
Confidential Data
Access The Paid Version
Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables..

Author's Conclusion

Sources:

National Renewable Energy Laboratory
World Energy Investment 2021
Ministry of New and Renewable Energy
U.S. Department of Energy
VIKRAM SOLAR LTD.
GreenMatch
Canadian Solar.
Ørsted A/S

Author's Detail

Raziya Rajwani, LinkedIn

Research Analyst at Cognitive Market Research

With a demonstrated history of working in the market research covering qualitative and quantitative research. Skilled in Strategic Forecasting, Market Research, Competitive Intelligence, Business Development, Trend and Opportunity Analysis and Data Visualization.

Research Methodology Implemented by Author

1.1 Primary Research for Photovoltaic Solar Panel Market
- 1.1.1 Modes of Primary Research:
1.2 Secondary Research for Photovoltaic Solar Panel Market
1.3 Market Estimation for Photovoltaic Solar Panel Market
1.4 Data Triangulation for Photovoltaic Solar Panel Market
1.5 Questionnaire for Photovoltaic Solar Panel Market

Preview Full Research Methodology

Key Questions Answered By Photovoltaic Solar Panel Market Report 2023

Why Grid Connected have a significant impact on Photovoltaic Solar Panel market?

What are the key factors affecting the Grid Connected and Off-Grid of Photovoltaic Solar Panel Market?

What is the CAGR/Growth Rate of Residential during the forecast period?

By type, which segment accounted for largest share of the global Photovoltaic Solar Panel Market?

Which region is expected to dominate the global Photovoltaic Solar Panel Market within the forecast period?

Frequently Asked Questions (FAQs)

What primary driving factors push the Solar PV Panels market forward?

Primary driving factors for the market are as follows

Environmental awareness associated with the emission of pollutants
Increasing the production of energy from renewable sources
The transitional shift from conventional to renewable and rising investment in solar energy

What are the Solar PV Panels Industry's top companies?

Canadian Solar Inc, First Solar, Sun Power Corporation, Tata Power Solar Systems Ltd., Trina Solar, Yingli Solar, and others are the key market players in Solar PV Panels.

What will be the fastest-growing segment or region?

Asia Pacific is the fastest-growing region in terms of both revenue market share and CAGR.

What is the size of the Solar PV Panels market in 2021?

USD 154.29 Bn was the size of the Solar PV Panels market in 2021.

What is included in the Photovoltaic Solar Panel Market Report Access?

Measures to Explore Untapped Market
Understanding Market Dynamics
Understanding Changing Economics
Competitors Market Share
Global/Region/Country Level Analysis
Identify Upcoming End Use Industries
Global Price Trend Analysis

Value Chain Analysis
Customer Sentiment/Need Analysis
Identification of Key Growth Segments
Industry Upstream and Downstream Analysis
Raw Material Sourcing and Cost Analysis
Identify Key Customers Across Globe
Concept Development and Market Testing
Merger-Acquisition Strategy

Reasons to Purchase the Photovoltaic Solar Panel Market Report 2023 (Global Edition)?

The research study and report are been made exclusively for an institution or person who is strategizing to build a business or strategically wants to expand certain portfolio.
This report will help in analyzing complete market scenario across the globe who wish to expand their current business or is willing to invest in some profitable sector.

This report will prove beneficial for person or an organization who wish to be updated regarding their business environment, consumers’ behaviour, and their requirements. The environment is constantly changing, and in such scenario, this report will help in understanding market parameters through 360-degree view.
The report is thus ideal for KOL, CEO's, CFO's, directors, and others. It is also helpful to senior executives, business development managers, marketing managers, and consultants. Furthermore, government bodies, agencies and other kind of organizations can also leverage our report to understand market.

Objective of Publishing Photovoltaic Solar Panel Market Report 2023

Our objective for the Photovoltaic Solar Panel market is to help in making imperative business decisions, securing investments, determining new business opportunities in the market. Further, the report helps to analyze overall marketing needs of customers, and avoid business failures.
To know the potential market size and growth rate before launching a new product line. The report in a way helps in designing R&D budget wisely by estimating maximum total profit.

To identify the Photovoltaic Solar Panel market dynamics, industrial insights, and economic progression for critical information about the market conditions and specific business landscape.
To assess the overall competitive landscape of a particular business sector and to provide complete analysis in regards with various external factors impacting the market growth.
To create a strong foundation for building a strategy and foster insight into market conditions so that market players can make better business decisions. Besides, we aim to provide a complete portfolio of the major players involved the market.
To define the scope which will further help in creating new products that will surpass the gap between current offerings and customers’ needs.
To help in revealing significant clues concerning buying habits, regional culture, lifestyle, and population density that plays an integral role in shaping market behavior.
To strategically analyze micro markets with respect to individual growth trends, prospects, and contributions to the total market.

USPs and Service Differentiators

Competitors Analysis: We provide data from the supplier side covering key details such as market share split among 1st tier, 2nd tier, and 3rd tier, Emerging Players, and Start-Ups. (whereas most of our competitors published data for top-tier companies)
We provide market revenue share not only for Public listed companies but also the privately listed companies.

Country Analysis: The Country level market split analysis is part of the report hence the data granularity is provided.
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Product + Service: In terms of the product we deliver the report access (PDF+ PPT+ EXCEL+ Cloud+ POWER BI) whereas in terms of service; we provide data support where a dedicated research analyst will be assigned and add-on benefits. (Whereas most of our competitors believe only in delivering the data/report and service and support remain questionable.)
Credibility and Data Accuracy: We deliver accuracy close to 90-95% with the help of our in-house research team, freelancer, and industry expert network, sources present worldwide. This Data is backed up by strong What are our clients saying about our services.

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Photovoltaic Solar Panel Market Report 2023 (Global Edition)

Key Insights from Photovoltaic Solar Panel Market Report

Photovoltaic Solar Panel Market Report Description

Market Trends

Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)

Photovoltaic Solar Panel Market Analysis

Photovoltaic Solar Panel Market Share (%) by Grid Type in 2018-2030

Photovoltaic Solar Panel Market Share (%) by Application in 2018-2030

Photovoltaic Solar Panel Technology Segment Analysis

Photovoltaic Solar Panel Installation Segment Analysis

Photovoltaic Solar Panel Market Share (%) by Region (2018-2030)

News

Author's Conclusion

Sources:

Author's Detail

Research Methodology Implemented by Author

Key Questions Answered By Photovoltaic Solar Panel Market Report 2023

Frequently Asked Questions (FAQs)

How to Purchase the Full Report Access of Photovoltaic Solar Panel Market Report 2023

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Photovoltaic Solar Panel Market Report 2023 (Global Edition)

Key Insights from Photovoltaic Solar Panel Market Report

Photovoltaic Solar Panel Market Report Description

Market Trends

Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)

Photovoltaic Solar Panel Market Analysis

Photovoltaic Solar Panel Market Share (%) by Grid Type in 2018-2030

Photovoltaic Solar Panel Market Share (%) by Application in 2018-2030

Photovoltaic Solar Panel Technology Segment Analysis

Photovoltaic Solar Panel Installation Segment Analysis

Photovoltaic Solar Panel Market Share (%) by Region (2018-2030)

News

Author's Conclusion

Sources:

Author's Detail

Research Methodology Implemented by Author

Key Questions Answered By Photovoltaic Solar Panel Market Report 2023

Frequently Asked Questions (FAQs)

How to Purchase the Full Report Access of Photovoltaic Solar Panel Market Report 2023

NEED ASSISTANCE?

WRITE AN EMAIL

CALL US

Request Sample

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