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The solar energy market share in the Czech Republic is expected to increase by 1.74 terawatt-hour units from 2021 to 2026, at a CAGR of 6.45%.
This solar energy market in the Czech Republic research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the solar energy market in the Czech Republic segmentation by product (grid-connected and off-grid) and end User (utility and rooftop). The solar energy market in Czech Republic report also offers information on several market vendors, including Abengoa SA, Canadian Solar Inc., EKOTECHNIK Czech s.r.o., First Solar Inc., KYOCERA Corp., Photon Energy NV, Sharp Corp., Solar Global Service a.s., SOLARTEC HOLDING a.s., and SVP SOLAR s.r.o. among others.
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The increasing developments in the implementation of renewable energy are notably driving the solar energy market growth in the Czech Republic, although factors such as intermittency in solar power generation may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the solar energy industry in the Czech Republic. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Solar Energy Market Driver in Czech Republic
One of the key factors driving the solar energy market growth in the Czech Republic is the increasing developments in the implementation of renewable energy. Improvement in energy efficiency has played a vital role in balancing the energy supply and demand. According to the IEA, the share of renewables in global electricity production was 23.9% in 2017 and is expected to reach 29.4% by 2023. Installed renewable power generation capacity has gained pace over the past few years, with a CAGR of 17.33% during FY 2016-2020. With the increased support of the government and improved economics, the sector has become attractive from an investor's perspective. Moreover, the Czech Republic is planning to increase the share of renewables to 22% by 2030. By 2030, the Czech Republic is committed to increasing the share of renewables in gross final consumption to 22% as a part of its contribution to the EU-wide target of 32%, which will further support the market growth during the forecast period.
Key Solar Energy Market Trend in Czech Republic
Another key factor driving the solar energy market growth in the Czech Republic is the advances in thin-film solar PV modules. CIGS thin films can be easily fabricated on flexible substrates that make them light in weight. Thus, CIGS thin films have the potential to reduce device fabrication and installation costs. The high conversion efficiency ratings motivate researchers to explore chalcogenide materials for the industrial-scale production of solar PV modules. An efficiency of 20.4% for potassium fluoride post-deposition-treated (KF-PDT) CIGS devices fabricated over flexible polyimide substrates was reported that is highest for flexible CIGS solar cells. After discovering the beneficial effects of heavy alkali doping, the performance of CIGS solar cells was boosted by over 20%. Such advances in thin-film technologies will further support the growth of the market in focus during the forecast period.
Key Solar Energy Market Challenge in Czech Republic
One of the key challenges to the solar energy market growth in the Czech Republic is the intermittency in solar power generation. The solar PV output is not continuous and depends on several factors such as the degree of shade, panel efficiency, and solar irradiation that changes over the duration of the day. Therefore, when the solar panel is not at its peak production, a secondary power system such as a battery, wind power, a hybrid generator, or grid power is needed to provide power that requires additional investment. In addition, during the night, solar panels do not function due to the lack of sunlight. Therefore, solar power systems can generate power effectively for approximately 12 hours a day. Furthermore, rainy and cloudy weathers also affect the generation of solar power. Although solar power technology is constantly evolving, the conversion rate cannot match fossil fuels, which is expected to challenge the growth of the solar energy market in the Czech Republic during the forecast period.
This solar energy market in the Czech Republic analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the solar energy market in the Czech Republic as a part of the global renewable electricity market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the solar energy market in the Czech Republic during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the solar energy market in the Czech Republic encompasses successful business strategies deployed by the key vendors. The solar energy market in the Czech Republic is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
Canadian Solar Inc - The company offers solar energy products such as solar plants.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The solar energy market in the Czech Republic forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the solar energy market in the Czech Republic, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the global renewable electricity market includes the following core components:
The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.
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The solar energy market share growth in the Czech Republic by the grid-connected segment will be significant during the forecast period. The growth is attributed to the increasing cross-border interconnection between Germany and the Czech Republic, which is leading to the up-gradation of the grid with smart elements accommodating it for the further integration of renewable energy sources and the ongoing decentralization of energy systems.
This report provides an accurate prediction of the contribution of all the segments to the growth of the solar energy market size in Czech Republic and actionable market insights on post COVID-19 impact on each segment.
Ukraine Solar Energy market - The market share is expected to increase by 932.10 megawatts from 2021 to 2026, at a CAGR of 9.61%.
Japan Solar Energy market - The market share is expected to increase by 505.28 terawatt-hours from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 29.78%.
Solar Energy Market Scope in Czech Republic |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Decelerate at a CAGR of 6.45% |
Market growth 2022-2026 |
1.74 TWh units |
Market structure |
Fragmented |
YoY growth (%) |
9.07 |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Abengoa SA, Canadian Solar Inc., EKOTECHNIK Czech s.r.o., First Solar Inc., KYOCERA Corp., Photon Energy NV, Sharp Corp., Solar Global Service a.s., SOLARTEC HOLDING a.s., and SVP SOLAR s.r.o. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
***1. Executive Summary
***2. Market Landscape
**2.1 Market ecosystem
*Exhibit 01: Parent market
**2.2: Market Characteristics
Exhibit 02: Market Characteristics
**2.2 Value chain analysis
*Exhibit 03: Value chain analysis: Renewable electricity
*2.2.1 Inputs
*2.2.2 Electricity generation
*2.2.3 Electricity transmission
*2.2.4 Electricity distribution
*2.2.5 End-users
*2.2.6 Innovations
***3. Market Sizing
**3.1 Market definition
*Exhibit 04: Offerings of vendors included in the market definition
**3.2 Market segment analysis
*Exhibit 05: Market segments
**3.3 Market size 2020
**3.4 Market outlook: Forecast for 2020 - 2025
*3.4.1 Estimating growth rates for emerging and high-growth markets
*3.4.2 Estimating growth rates for mature markets
*Exhibit 06: Czech Republic - Market size and forecast 2021 - 2026 (TWh)
*Exhibit 07: Czech Republic market: Year-over-year growth 2021 - 2026 (%)
***4. Five Forces Analysis
**4.1 Five Forces Summary
*Exhibit 08: Five forces analysis 2021 & 2026
**4.2 Bargaining power of buyers
*Exhibit 09: Bargaining power of buyers
**4.3 Bargaining power of suppliers
*Exhibit 10: Bargaining power of suppliers
**4.4 Threat of new entrants
*Exhibit 11: Threat of new entrants
**4.5 Threat of substitutes
*Exhibit 12: Threat of substitutes
**4.6 Threat of rivalry
*Exhibit 13: Threat of rivalry
**4.7 Market condition
*Exhibit 14: Market condition - Five forces 2021
***5 Market Segmentation by Product
**5.1 Market segments
*The segments covered in this chapter are:
*Exhibit 15: Product - Market share 2021-2026 (%)
**5.2 Comparison by Product
*Exhibit 16: Comparison by Product
**5.3 Grid-connected - Market size and forecast 2021-2026
*Exhibit 17: Grid-connected - Market size and forecast 2021-2026 (TWh)
*Exhibit 18: Grid-connected - Year-over-year growth 2021-2026 (%)
**5.4 Off-grid - Market size and forecast 2021-2026
*Exhibit 19: Off-grid - Market size and forecast 2021-2026 (TWh)
*Exhibit 20: Off-grid - Year-over-year growth 2021-2026 (%)
**5.5 Market opportunity by Product
*Exhibit 21: Market opportunity by Product
***6 Market Segmentation by End-user
**6.1 Market segments
*The segments covered in this chapter are:
*Exhibit 22: End-user - Market share 2021-2026 (%)
**6.2 Comparison by End-user
*Exhibit 23: Comparison by End-user
**6.3 Utility - Market size and forecast 2021-2026
*Exhibit 24: Utility - Market size and forecast 2021-2026 (TWh)
*Exhibit 25: Utility - Year-over-year growth 2021-2026 (%)
**6.4 Rooftop - Market size and forecast 2021-2026
*Exhibit 26: Rooftop - Market size and forecast 2021-2026 (TWh)
*Exhibit 27: Rooftop - Year-over-year growth 2021-2026 (%)
**6.5 Market opportunity by End-user
*Exhibit 28: Market opportunity by End-user
***7 Customer landscape
**7.1 Overview
*Exhibit 29: Customer landscape
***8 Drivers, Challenges, and Trends
**8.1 Market drivers
*8.1.1 Increasing developments in implementation of renewable energy
*8.1.2 Favorable government regulations
*8.1.3 Increased adoption of microgrids
**8.2 Market challenges
*8.2.1 Intermittency in solar power generation
*8.2.2 Presence of other energy sources
*8.2.3 Low conversion efficiency of solar PVs
*Exhibit 30: Impact of drivers and challenges
**8.3 Market trends
*8.3.1 Advances in thin-film solar PV modules
*8.3.2 Declining costs of solar energy
*8.3.3 Rising adoption of floating solar power plants
***9. Vendor Landscape
**10.1 Competitive scenario
**10.2 Vendor landscape
*Exhibit 31: Vendor Landscape
**10.3 Landscape disruption
*Exhibit 32: Landscape disruption
**10.4 Industry risks
*Exhibit 33: Industry risks
***11. Vendor Analysis
**11.1 Vendors covered
*Exhibit 34: Vendors covered
**10.2 Market positioning of vendors
*Exhibit 35: Market positioning of vendors
**10.3 Abengoa SA
*Exhibit 36: Abengoa SA - Overview
*Exhibit 37: Abengoa SA - Product and service
*Exhibit 38: Abengoa SA - Key offerings
**10.4 Canadian Solar Inc.
*Exhibit 39: Canadian Solar Inc. - Overview
*Exhibit 40: Canadian Solar Inc. - Business segments
*Exhibit 41: Canadian Solar Inc.-Key news
*Exhibit 42: Canadian Solar Inc. - Key offerings
*Exhibit 43: Canadian Solar Inc. - Segment focus
**10.5 EKOTECHNIK Czech s.r.o.
*Exhibit 44: EKOTECHNIK Czech s.r.o. - Overview
*Exhibit 45: EKOTECHNIK Czech s.r.o. - Product and service
*Exhibit 46: EKOTECHNIK Czech s.r.o. - Key offerings
**10.6 First Solar Inc.
*Exhibit 47: First Solar Inc. - Overview
*Exhibit 48: First Solar Inc. - Business segments
*Exhibit 49: First Solar Inc. - Key offerings
*Exhibit 50: First Solar Inc. - Segment focus
**10.7 KYOCERA Corp.
*Exhibit 51: KYOCERA Corp. - Overview
*Exhibit 52: KYOCERA Corp. - Business segments
*Exhibit 53: KYOCERA Corp.-Key news
*Exhibit 54: KYOCERA Corp. - Key offerings
*Exhibit 55: KYOCERA Corp. - Segment focus
**10.8 Photon Energy NV
*Exhibit 56: Photon Energy NV - Overview
*Exhibit 57: Photon Energy NV - Business segments
*Exhibit 58: Photon Energy NV - Key offerings
*Exhibit 59: Photon Energy NV - Segment focus
**10.9 Sharp Corp.
*Exhibit 60: Sharp Corp. - Overview
*Exhibit 61: Sharp Corp. - Business segments
*Exhibit 62: SHARP Corp.-Key news
*Exhibit 63: Sharp Corp. - Key offerings
*Exhibit 64: Sharp Corp. - Segment focus
**10.10 Solar Global Service a.s.
*Exhibit 65: Solar Global Service a.s. - Overview
*Exhibit 66: Solar Global Service a.s. - Product and service
*Exhibit 67: Solar Global Service a.s. - Key offerings
**10.11 SOLARTEC HOLDING a.s.
*Exhibit 68: SOLARTEC HOLDING a.s. - Overview
*Exhibit 69: SOLARTEC HOLDING a.s. - Product and service
*Exhibit 70: SOLARTEC HOLDING a.s. - Key offerings
**10.12 SVP SOLAR s.r.o.
*Exhibit 71: SVP SOLAR s.r.o. - Overview
*Exhibit 72: SVP SOLAR s.r.o. - Product and service
*Exhibit 73: SVP SOLAR s.r.o. - Key offerings
***12. Appendix
**12.1 Scope of the report
*12.1.1 ????Market definition
*12.1.2 ????Objectives
*12.1.3 ????Notes and caveats
**12.2 Currency conversion rates for US$
*Exhibit 74: ?Currency conversion rates for US$?
**12.3 Research Methodology
*Exhibit 75: ?Research Methodology
*Exhibit 76: ??Validation techniques employed for market sizing?
*Exhibit 77: ??Information sources
**12.4 List of abbreviations
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