Ukraine Solar Energy Market by Type and Application - Forecast and Analysis 2022-2026

Published: Feb 2022 Pages: 120 SKU: IRTNTR72510

The solar energy market share in Ukraine is expected to increase by 932.10 megawatts from 2021 to 2026, at a CAGR of 9.61%.

This solar energy market in Ukraine 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 solar energy market in Ukraine segmentation by type (rooftop power plant and ground-mounted solar power plant) and application (commercial and residential). The Ukraine solar energy market report also offers information on several market vendors, including Afore Ukraine, Atmosphere - Nature Technologies LLC, Ekotekhnik Ukraine LLC, Energy System Group, Intersource Ltd., SolarGaps, Solars Re-Energy Group, SUNSAY energy, Tesla Energo, and Voltage Group among others.

What will the Solar Energy Market Size in Ukraine be During the Forecast Period?

Download the Free Report Sample to Unlock the Solar Energy Market Size in Ukraine for the Forecast Period and Other Important Statistics

"The increasing demand for electricity is notably driving the Argentina solar energy market growth."

Solar Energy Market in Ukraine: Key Drivers, Trends, and Challenges

The increasing developments in the implementation of renewable energy is notably driving the solar energy market growth in Ukraine, although factors such as intermittency in solar power generation may impede the 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 Ukraine. 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 Ukraine

One of the key factors driving growth in the solar energy market in Ukraine is the increasing developments in the implementation of renewable energy. The global energy mix has changed significantly over the past two decades. Improvement in energy efficiency has played a vital role in balancing the energy supply and demand. The total cost of producing electricity using renewables is relatively higher than conventional sources. However, renewable technology is evolving and competing with fossil fuel-based power plants. Low carbon emissions from renewable sources and growing concerns regarding environmental protection have increased the adoption of renewable energy sources, which has led to an increase in investments in renewable energy across the world. 

Key Solar Energy Market Trend in Ukraine

The advances in thin-film solar PV modules is another factor supporting the solar energy market share growth in Ukraine. Among all thin-film solar PV modules, copper indium gallium selenide (CIGS) thin-film systems are the most efficient. CIGS thin films can be easily fabricated on flexible substrates that make them lightweight. Thus, CIGS thin films can reduce device fabrication and installation costs. An efficiency of 20.4% was reported for potassium fluoride post-deposition-treated (KF-PDT) CIGS devices fabricated over flexible polyimide substrates. This efficiency is the highest for flexible CIGS solar cells. These high conversion efficiency ratings motivate researchers to explore chalcogenide materials for the industrial-scale production of solar PV modules. Reducing the solar panel's weight also decreases the difficulties linked to their transport to the project site. As this new technology is becoming inexpensive, it is now a good solution to make renewable energy available and transferable, thereby including emerging countries that do not have easy access to electricity. Moreover, these 3D-printed solar panels are more efficient than traditional solar panels. Such advances in thin-film technologies will increase the size of the market.

Key Solar Energy Market Challenge in Ukraine

The intermittency in solar power generation will be a major challenge for the solar energy market growth in Ukraine during the forecast period. The adoption of solar power has been increasing due to the declining prices of solar power systems. This has increased the number of solar power installations over the years. However, the intermittent nature of solar power is a significant challenge that affects the adoption of solar power systems. 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 day. Hence, it is not viable to have a power system that is completely reliant on solar power. Although solar power technology constantly evolves, the conversion rate cannot match fossil fuels. Hence, the intermittent nature of solar power remains a major challenge for the growth of the solar energy market in Ukraine.

This solar energy market in Ukraine 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.

Parent Market Analysis

Technavio categorizes the Ukraine solar energy market 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 Ukraine during the forecast period.

Who are the Major Solar Energy Market Vendors in Ukraine?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Afore Ukraine
  • Atmosphere - Nature Technologies LLC
  • Ekotekhnik Ukraine LLC
  • Energy System Group
  • Intersource Ltd.
  • SolarGaps
  • Solars Re-Energy Group
  • SUNSAY energy
  • Tesla Energo
  • Voltage Group

 

This statistical study of the solar energy market in Ukraine encompasses successful business strategies deployed by the key vendors. The solar energy market in Ukraine is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • SolarGaps - The company offers Smart Blinds with built-in solar panels for office building.

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 Ukraine forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Solar Energy Market in Ukraine Value Chain Analysis

Our report provides extensive information on the value chain analysis for the solar energy market in Ukraine, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain 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 renewable electricity market includes the following core components:

  • Inputs
  • Operations
  • Marketing and sales
  • Aftermarket and service
  • Industry innovations

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

What are the Revenue-generating Type Segments in the Solar Energy Market in Ukraine?

To gain further insights on the market contribution of various segments Request for a FREE sample

The solar energy market share growth in Ukraine by the rooftop power plant segment will be significant during the forecast period. Rooftop mounted systems are small compared to utility-scale solar ground-mounted photovoltaic power stations with capacities in the megawatt range, hence being a form of distributed generation. Most rooftop PV stations are grid-connected photovoltaic power systems. Rooftop PV systems on residential buildings typically feature a capacity of about 5 to 20 kilowatts (kW), while those mounted on commercial buildings often reach 100 kilowatts to 1 Megawatt (MW). Very large roofs can house industrial-scale PV systems in the range of 110 Megawatts.

This report provides an accurate prediction of the contribution of all the segments to the growth of the solar energy market size in Ukraine and actionable market insights on post COVID-19 impact on each segment.

 

Solar Energy Market Scope in Ukraine

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 9.61%

Market growth 2022-2026

932.10 MW

Market structure

Fragmented

YoY growth (%)

11.64

Regional analysis

Ukraine

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Afore Ukraine, Atmosphere - Nature Technologies LLC, Ekotekhnik Ukraine LLC, Energy System Group, Intersource Ltd., SolarGaps, Solars Re-Energy Group, SUNSAY energy, Tesla Energo, and Voltage Group

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 the 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.

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What are the Key Data Covered in this Solar Energy Market in Ukraine Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive solar energy market growth in Ukraine during the next five years
  • Precise estimation of the solar energy market size in Ukraine and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the solar energy industry in Ukraine
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of solar energy market vendors in Ukraine 

We can help! Our analysts can customize this report to meet your requirements. Get in touch

***1. Executive Summary                           

                **1.1 Market Overview

                                *Exhibit 01:  Key Finding 1

                                *Exhibit 02:  Key Finding 2

                                *Exhibit 03:  Key Finding 5

                                *Exhibit 04:  Key Finding 6

                                *Exhibit 05:  Key Finding 7

***2. Market Landscape                             

                **2.1 Market ecosystem             

                                *2.1.1 Parent Market

                                *Exhibit 06:  Parent market

                                *Exhibit 07:  Market characteristics

                **2.2 Value chain analysis           

                                *Exhibit 08: Value chain analysis: Energy storage

                                *2.2.1 Inputs

                                *2.2.2 Inbound logistics

                                *2.2.3 Distribution and logistics

                                *2.2.4 Marketing and sales

                                *2.2.5 Aftermarket and service

                                *2.2.6 Industry innovations:

***3. Market Sizing                       

                **3.1 Market definition

                                *Exhibit 09:  Offerings of vendors included in the market definition

                **3.2 Market segment analysis 

                                *Exhibit 10:  Market segments

                **3.3 Market size 2021 

                **3.4 Market outlook: Forecast for 2021 - 2026 

                                *Exhibit 11:  Ukraine - Market size and forecast 2021 - 2026 (MW)

                                *Exhibit 12:  Ukraine market: Year-over-year growth 2021 - 2026 (%)

***4. Five Forces Analysis                          

                **4.1 Five Forces Summary        

                                *Exhibit 13:  Five forces analysis 2021 & 2026

                **4.2 Bargaining power of buyers           

                                *Exhibit 14:  Bargaining power of buyers

                **4.3 Bargaining power of suppliers       

                                *Exhibit 15: Bargaining power of suppliers

                **4.4 Threat of new entrants    

                                *Exhibit 16: Threat of new entrants

                **4.5 Threat of substitutes         

                                *Exhibit 17: Threat of substitutes

                **4.6 Threat of rivalry   

                                *Exhibit 18: Threat of rivalry

                **4.7 Market condition

                                *Exhibit 19:  Market condition - Five forces 2021

***5 Market Segmentation by Application                         

                **5.1 Market segments

                                *Exhibit 20:  Application - Market share 2021-2026 (%)

                **5.2 Comparison by Application             

                                *Exhibit 21:  Comparison by Application

                **5.3 Commercial - Market size and forecast 2021-2026 

                                *Exhibit 22:  Commercial - Market size and forecast 2021-2026 (MW)

                                *Exhibit 23:  Commercial - Year-over-year growth 2021-2026 (%)

                **5.4 Residential - Market size and forecast 2021-2026   

                                *Exhibit 24:  Residential - Market size and forecast 2021-2026 (MW)

                                *Exhibit 25:  Residential - Year-over-year growth 2021-2026 (%)

                **5.5 Market opportunity by Application              

                                *Exhibit 26:  Market opportunity by Application

***6 Market Segmentation by Type                      

                **6.1 Market segments

                                *Exhibit 27:  Type - Market share 2021-2026 (%)

                **6.2 Comparison by Type          

                                *Exhibit 28:  Comparison by Type

                **6.3 Rooftop power plant - Market size and forecast 2021-2026               

                                *Exhibit 29:  Rooftop power plant - Market size and forecast 2021-2026 (MW)

                                *Exhibit 30:  Rooftop power plant - Year-over-year growth 2021-2026 (%)

                **6.4 Ground-mounted solar power plant - Market size and forecast 2021-2026  

                                *Exhibit 31:  Ground-mounted solar power plant - Market size and forecast 2021-2026 (MW)

                                *Exhibit 32:  Ground-mounted solar power plant - Year-over-year growth 2021-2026 (%)

                **6.5 Market opportunity by Type          

                                *Exhibit 33:  Market opportunity by Type

***7. Customer landscape                         

                **7.1 Overview

                                *Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria

                                *Exhibit 34: Customer landscape

***8. Drivers, Challenges, and Trends                   

                **8.1 Market drivers     

                                *8.1.1 Increasing developments in the implementation of renewable energy

                                *8.1.2 Providing environmental balance

                                *8.1.3 Favorable government regulations

                **8.2 Market challenges              

                                *8.2.1 Intermittency in solar power generation

                                *8.2.2 High initial investment

                                *8.2.3    Requirement of large installation area to set up solar farms

                                *Exhibit 35:  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                             

                **9.1 Overview

                                *Exhibit 36:  Vendor landscape

                **9.2 Vendor Disruption              

                                *Exhibit 37: Landscape disruption

                                *Exhibit 38: Industry risks

***10. Vendor Analysis               

                **10.1 Vendors covered              

                                *Exhibit 39: Vendors covered

                **10.2 Market positioning of vendors    

                                *Exhibit 40: Market positioning of vendors

                **10.3 Afore Ukraine    

                                *Exhibit 41:  Afore Ukraine - Overview

                                *Exhibit 42:  Afore Ukraine - Product and service

                                *Exhibit 43:  Afore Ukraine - Key offerings

                **10.4 Atmosphere - Nature Technologies LLC   

                                *Exhibit 44:  Atmosphere - Nature Technologies LLC  - Overview

                                *Exhibit 45:  Atmosphere - Nature Technologies LLC  - Product and service

                                *Exhibit 46:  Atmosphere - Nature Technologies LLC  - Key offerings

                **10.5 Ekotekhnik Ukraine LLC  

                                *Exhibit 47:  Ekotekhnik Ukraine LLC - Overview

                                *Exhibit 48:  Ekotekhnik Ukraine LLC - Product and service

                                *Exhibit 49:  Ekotekhnik Ukraine LLC - Key offerings

                **10.6 Energy System Group     

                                *Exhibit 50:  Energy System Group - Overview

                                *Exhibit 51:  Energy System Group - Product and service

                                *Exhibit 52:  Energy System Group - Key offerings

                **10.7 Intersource Ltd.

                                *Exhibit 53:  Intersource Ltd. - Overview

                                *Exhibit 54:  Intersource Ltd. - Product and service

                                *Exhibit 55:  Intersource Ltd. - Key offerings

                **10.8 SolarGaps            

                                *Exhibit 56:  SolarGaps - Overview

                                *Exhibit 57:  SolarGaps - Product and service

                                *Exhibit 58:  SolarGaps - Key offerings

                **10.9 Solars Re-Energy Group 

                                *Exhibit 59:  Solars Re-Energy Group - Overview

                                *Exhibit 60:  Solars Re-Energy Group - Product and service

                                *Exhibit 61:  Solars Re-Energy Group - Key offerings

                **10.10 SUNSAY energy              

                                *Exhibit 62:  SUNSAY energy - Overview

                                *Exhibit 63:  SUNSAY energy - Product and service

                                *Exhibit 64:  SUNSAY energy - Key offerings

                **10.11 Tesla Energo    

                                *Exhibit 65:  Tesla Energo - Overview

                                *Exhibit 66:  Tesla Energo - Product and service

                                *Exhibit 67:  Tesla Energo - Key offerings

                **10.12 Voltage Group

                                *Exhibit 68:  Voltage Group - Overview

                                *Exhibit 69:  Voltage Group - Product and service

                                *Exhibit 70:  Voltage Group - Key offerings

***11. Appendix                            

                **11.1 Scope of the report         

                                *11.1.1 Market definition

                                *11.1.2 Objectives

                                *11.1.3 Notes and caveats

                **11.2 Currency conversion rates for US$            

                                *Exhibit 71: Currency conversion rates for US$

                **11.3 Research Methodology 

                                *Exhibit 72: Research Methodology

                                *Exhibit 73: Validation techniques employed for market sizing

                                *Exhibit 74: Information sources

                **11.4 List of abbreviations        

                                *Exhibit 75: List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape

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Key Questions Answered

  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?

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