Solar Panels Market by End-user, Type, and Geography - Forecast and Analysis 2023-2027

Published: Apr 2023 Pages: 168 SKU: IRTNTR70592

The solar panels market size is estimated to grow at a CAGR of 7.87% between 2022 and 2027. The market size is forecast to increase by USD 50.08 billion. The growth of the market depends on several factors, including increasing investments in the renewable energy sector, declining cost of solar PV panels, and emerging favorable government regulations. 

This solar panels market report extensively covers market segmentation by end-user (power utilities, commercial, and residential), type (crystalline panel and thin-film panel), and geography (APAC, Europe, North America, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the size of the Solar Panels Market During the Forecast Period?

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Solar Panels Market: Key Drivers, Trends, Challenges, and Customer Landscape

The increasing investments in the renewable energy sector are notably driving the market growth, although factors such as high initial investment and maintenance costs for solar PV systems may impede the market growth. Our researchers analyzed the data with 2022 as the base year and the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Solar Panels Market Driver

The increasing investments in the renewable energy sector are notably driving the market growth. Over the past two decades, there has been a significant shift in the world's energy mix. The IEA estimates that the proportion of renewable energy in the world's electricity generation rose from 26% in the first quarter of 2020 to about 28% in the first quarter of 2021. By 2023, it's anticipated to reach 30%. When compared to more conventional energy sources like fossil fuels, such as nuclear power, producing electricity from renewable sources is relatively expensive overall. 

Investments in renewable energy have grown globally as a result of their competitive cost of production and low carbon emissions. For instance, USD 14.5 billion was invested in India's renewable energy sector between April and December 2022. Investments in the energy sector are rising as the emphasis is shifting to renewable energy sources.  This will drive the growth of the global solar energy sector, which, in turn, will propel the growth of the global market during the forecast period.

Significant Solar Panels Market Trends

The rise in the deployment of microgrids is an emerging trend in the market. A small-scale power grid with its own sources of generation and storage is known as a microgrid. It can run on its own or in cooperation with other tiny power grids. In order to operate in both grid-connected and island modes, a microgrid can connect to and disconnect from the power grid. When the primary power grid experiences a failure or if the system is purposefully disconnected from the primary grid, a microgrid may go into island mode. In villages where access to grid-connected power is difficult or scarce, microgrids are used. They can work independently or in tandem with traditional grids. Since they are unaffected by power outages in the main grid, they are more dependable. They also lower the price of expanding the grid to outlying areas.

The vulnerability of centralized grid architecture has been demonstrated by numerous natural disasters. Governments all over the world are encouraging the use of microgrids because of their strong ability to withstand natural disasters. As a result, many communities now use microgrids to deal with power outages during emergencies. Thus, such factors are expected to drive the growth of the global market during the forecast period.

Major Solar Panels Market Challenge

High initial investment and maintenance costs for solar PV systems are major challenges impeding the market growth. Despite the fact that the cost of the materials has significantly decreased, solar PV installations still require a significant upfront investment. The main cause of the higher investment rates is the need for a large area for panels to produce a lot of electricity. Due to intermittency issues, which reduce solar panels' efficiency, customers must install a lot of solar panels to meet their energy needs, which raises both the initial investment and ongoing maintenance costs.

The use of solar PV installation for residential applications is also limited by the high maintenance costs of solar panels for small-scale users. For instance, a household inspection costs about USD 120- USD 160, and solar panels need to be inspected every year. Additionally, the panels must be cleaned every six months, which will cost USD 10 to USD 20 per panel, based on ratings from reputable companies. The use of solar panels and, consequently, solar cover glass for residential purposes will be constrained as a result of the significant burden this will place on household users.  Therefore, such factors will hinder the growth of the global market during the forecast period.

Key Solar Panels Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Solar Panels Market Customer Landscape

Who are the Major Solar Panels Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Antec Solar GmbH - The company offers photo-voltaic and building-integrated photo-voltaic systems for residential and commercial applications. The key offerings of the company include solar panels such as energy facades, energy facades in color, and energy facades with advertising.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • Adani Group
  • Canadian Solar Inc.
  • First Solar Inc.
  • Flisom AG
  • Hanergy Thin Film Power Group Ltd.
  • JA Solar Technology Co. Ltd.
  • Jiangsu Zhongli Group Co. Ltd.
  • JinkoSolar Holding Co. Ltd.
  • Kaneka Corp.
  • Longi green energy technology Co. Ltd
  • Risen Energy Co. Ltd.
  • Shell plc
  • SoloPower Systems Inc.
  • Soltecture GmbH
  • Tata Power Co. Ltd.

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Solar Panels Market?

The market share growth by the power utilities segment will be significant during the forecast period. The power utility sector held the largest share of the global solar panel market in 2022. The installation of large-scale solar power plants to generate clean energy and reduce carbon emissions is increasing. This will have a positive influence on segment growth. 

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The power utilties segment was valued at USD 43.10 billion in 2017 and continued to grow until 2021In order to meet climate goals, the world's power utility sector is switching to greener, renewable energy sources while consuming fewer fossil fuels. The main driving forces behind this transformation are the continual decline in the cost of renewable energy, the growing trend toward bettering air quality and cutting carbon emissions, the improvement of energy security, and the enhancement of accessible, affordable energy. By 2050, the solar energy sector is predicted to meet 25% of the world's electricity needs, which will result in a tenfold increase in solar PV's share of the generation mix from its levels in 2020. Such major targets set across the global utility sector, favorable solar policies, and incentives to encourage solar installations are expected to propel the growth of the global solar panel market in the power utility sector during the forecast period.

Which are the Key Regions for the Solar Panels Market?

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APAC is estimated to contribute 43% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

During the forecast period, the regional market will expand due to rising environmental concerns, rising energy demand, supportive government regulations, and a decline in the price of solar PV. India, China, and Japan are some of the biggest market participants. The largest annual installed capacity is in China, followed by India.

Over the past few years, the solar systems market in APAC has experienced rapid growth. China has continued to lead the world in the production of solar energy, surpassing the US in annual solar installed capacity, according to the IEA. The nation has already surpassed its 2020 goals for solar energy. In China, the rate of expanding solar power capacity increased significantly in 2021 before slowing down in 2019 and 2020. As a result, the government gradually eliminated feed-in tariffs and instituted deployment quotas to address grid integration issues and keep costs in check. This policy shift from the government is expected to drive capacity addition during the forecast period in the country, which, in turn, is expected to propel the growth of the solar panels market in APAC.

Owing to the COVID-19 pandemic in 2020, regional market growth was hampered. However, the initiation of the COVID-19 vaccination drive improved the economic condition of the countries in APAC, including India, China, and Japan, which led to the resumption of operations at the solar power plants. Additionally, renewable energy production in the region is also expected to grow significantly during the forecast period. Such factors will drive the demand for solar panels, which, in turn, will boost the growth of the market in APAC during the forecast period.

Segment Overview

The solar panels market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • End-user Outlook (USD Billion, 2017 - 2027)
    • Power utilities
    • Commercial
    • Residential
  • Type Outlook (USD Billion, 2017 - 2027)
    • Crystalline panel
    • Thin-film panel
  • Region Outlook (USD Billion, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Chile
      • Brazil
      • Argentina

Parent Market Analysis

Technavio categorizes the global solar panels market as a part of the global renewable electricity market within the global independent power and renewable electricity market. The parent global renewable electricity market covers companies engaged in the generation and distribution of electricity using renewable sources. Our market research report has extensively covered external factors influencing the parent market growth during the forecast period.

Solar Panels Market Scope

Report Coverage

Details

Page number

168

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 7.87%

Market growth 2023-2027

USD 50.08 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

7.35

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 43%

Key countries

US, China, South Korea, Germany, and Italy

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Adani Group, Antec Solar GmbH, Canadian Solar Inc., First Solar Inc., Flisom AG, Hanergy Thin Film Power Group Ltd., JA Solar Technology Co. Ltd., Jiangsu Zhongli Group Co. Ltd., JinkoSolar Holding Co. Ltd., Kaneka Corp., Longi green energy technology Co. Ltd, Risen Energy Co. Ltd., Shell plc, SoloPower Systems Inc., Soltecture GmbH, Tata Power Co. Ltd., Tesla Inc., Trina Solar Co. Ltd., Wuxi Suntech Power Co. Ltd., and Yingli Green Energy Holding Co. Ltd.

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 Panels Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the solar panels market between 2023 and 2027
  • Precise estimation of the size of the solar panels market size and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market industry across APAC, Europe, North America, Middle East and Africa, and South America
  • Thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of solar panels market vendors

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

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global Solar Panels Market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global Solar Panels Market 2017 - 2021 ($ billion)
    • 4.2 End-user Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 ($ billion)
    • 4.3 Type Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ billion)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by End-user

    • 6.1 Market segments
      • Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)
    • 6.2 Comparison by End-user
      • Exhibit 32: Chart on Comparison by End-user
      • Exhibit 33: Data Table on Comparison by End-user
    • 6.3 Power utilities - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Power utilities - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 35: Data Table on Power utilities - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 36: Chart on Power utilities - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Power utilities - Year-over-year growth 2022-2027 (%)
    • 6.4 Commercial - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Commercial - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 39: Data Table on Commercial - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 40: Chart on Commercial - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Commercial - Year-over-year growth 2022-2027 (%)
    • 6.5 Residential - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Residential - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 43: Data Table on Residential - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 44: Chart on Residential - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Residential - Year-over-year growth 2022-2027 (%)
    • 6.6 Market opportunity by End-user
      • Exhibit 46: Market opportunity by End-user ($ billion)
      • Exhibit 47: Data Table on Market opportunity by End-user ($ billion)

    7 Market Segmentation by Type

    • 7.1 Market segments
      • Exhibit 48: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 49: Data Table on Type - Market share 2022-2027 (%)
    • 7.2 Comparison by Type
      • Exhibit 50: Chart on Comparison by Type
      • Exhibit 51: Data Table on Comparison by Type
    • 7.3 Crystalline panel - Market size and forecast 2022-2027
      • Exhibit 52: Chart on Crystalline panel - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 53: Data Table on Crystalline panel - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 54: Chart on Crystalline panel - Year-over-year growth 2022-2027 (%)
      • Exhibit 55: Data Table on Crystalline panel - Year-over-year growth 2022-2027 (%)
    • 7.4 Thin-film panel - Market size and forecast 2022-2027
      • Exhibit 56: Chart on Thin-film panel - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 57: Data Table on Thin-film panel - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 58: Chart on Thin-film panel - Year-over-year growth 2022-2027 (%)
      • Exhibit 59: Data Table on Thin-film panel - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by Type
      • Exhibit 60: Market opportunity by Type ($ billion)
      • Exhibit 61: Data Table on Market opportunity by Type ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 63: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 64: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 65: Chart on Geographic comparison
      • Exhibit 66: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 67: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 68: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 69: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 70: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 North America - Market size and forecast 2022-2027
      • Exhibit 75: Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 76: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 77: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 83: Chart on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 84: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 85: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 87: Chart on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 88: Data Table on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 89: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 US - Market size and forecast 2022-2027
      • Exhibit 91: Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 92: Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 93: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.10 South Korea - Market size and forecast 2022-2027
      • Exhibit 95: Chart on South Korea - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 96: Data Table on South Korea - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 97: Chart on South Korea - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on South Korea - Year-over-year growth 2022-2027 (%)
    • 9.11 Germany - Market size and forecast 2022-2027
      • Exhibit 99: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 100: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 101: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.12 Italy - Market size and forecast 2022-2027
      • Exhibit 103: Chart on Italy - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 104: Data Table on Italy - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 105: Chart on Italy - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on Italy - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 107: Market opportunity by geography ($ billion)
      • Exhibit 108: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 109: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 111: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 112: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 113: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 114: Matrix on vendor position and classification
            • 12.3 Adani Group
              • Exhibit 115: Adani Group - Overview
              • Exhibit 116: Adani Group - Business segments
              • Exhibit 117: Adani Group - Key offerings
              • Exhibit 118: Adani Group - Segment focus
            • 12.4 Antec Solar GmbH
              • Exhibit 119: Antec Solar GmbH - Overview
              • Exhibit 120: Antec Solar GmbH - Product / Service
              • Exhibit 121: Antec Solar GmbH - Key offerings
            • 12.5 Canadian Solar Inc.
              • Exhibit 122: Canadian Solar Inc. - Overview
              • Exhibit 123: Canadian Solar Inc. - Business segments
              • Exhibit 124: Canadian Solar Inc. - Key news
              • Exhibit 125: Canadian Solar Inc. - Key offerings
              • Exhibit 126: Canadian Solar Inc. - Segment focus
            • 12.6 First Solar Inc.
              • Exhibit 127: First Solar Inc. - Overview
              • Exhibit 128: First Solar Inc. - Business segments
              • Exhibit 129: First Solar Inc. - Key offerings
              • Exhibit 130: First Solar Inc. - Segment focus
            • 12.7 Flisom AG
              • Exhibit 131: Flisom AG - Overview
              • Exhibit 132: Flisom AG - Product / Service
              • Exhibit 133: Flisom AG - Key offerings
            • 12.8 Hanergy Thin Film Power Group Ltd.
              • Exhibit 134: Hanergy Thin Film Power Group Ltd. - Overview
              • Exhibit 135: Hanergy Thin Film Power Group Ltd. - Product / Service
              • Exhibit 136: Hanergy Thin Film Power Group Ltd. - Key offerings
            • 12.9 JA Solar Technology Co. Ltd.
              • Exhibit 137: JA Solar Technology Co. Ltd. - Overview
              • Exhibit 138: JA Solar Technology Co. Ltd. - Product / Service
              • Exhibit 139: JA Solar Technology Co. Ltd. - Key offerings
            • 12.10 JinkoSolar Holding Co. Ltd.
              • Exhibit 140: JinkoSolar Holding Co. Ltd. - Overview
              • Exhibit 141: JinkoSolar Holding Co. Ltd. - Product / Service
              • Exhibit 142: JinkoSolar Holding Co. Ltd. - Key news
              • Exhibit 143: JinkoSolar Holding Co. Ltd. - Key offerings
            • 12.11 Kaneka Corp.
              • Exhibit 144: Kaneka Corp. - Overview
              • Exhibit 145: Kaneka Corp. - Business segments
              • Exhibit 146: Kaneka Corp. - Key offerings
              • Exhibit 147: Kaneka Corp. - Segment focus
            • 12.12 Longi green energy technology Co. Ltd
              • Exhibit 148: Longi green energy technology Co. Ltd - Overview
              • Exhibit 149: Longi green energy technology Co. Ltd - Product / Service
              • Exhibit 150: Longi green energy technology Co. Ltd - Key offerings
            • 12.13 Risen Energy Co. Ltd.
              • Exhibit 151: Risen Energy Co. Ltd. - Overview
              • Exhibit 152: Risen Energy Co. Ltd. - Product / Service
              • Exhibit 153: Risen Energy Co. Ltd. - Key offerings
            • 12.14 Shell plc
              • Exhibit 154: Shell plc - Overview
              • Exhibit 155: Shell plc - Business segments
              • Exhibit 156: Shell plc - Key offerings
              • Exhibit 157: Shell plc - Segment focus
            • 12.15 Trina Solar Co. Ltd.
              • Exhibit 158: Trina Solar Co. Ltd. - Overview
              • Exhibit 159: Trina Solar Co. Ltd. - Business segments
              • Exhibit 160: Trina Solar Co. Ltd. - Key offerings
              • Exhibit 161: Trina Solar Co. Ltd. - Segment focus
            • 12.16 Wuxi Suntech Power Co. Ltd.
              • Exhibit 162: Wuxi Suntech Power Co. Ltd. - Overview
              • Exhibit 163: Wuxi Suntech Power Co. Ltd. - Product / Service
              • Exhibit 164: Wuxi Suntech Power Co. Ltd. - Key offerings
            • 12.17 Yingli Green Energy Holding Co. Ltd.
              • Exhibit 165: Yingli Green Energy Holding Co. Ltd. - Overview
              • Exhibit 166: Yingli Green Energy Holding Co. Ltd. - Business segments
              • Exhibit 167: Yingli Green Energy Holding Co. Ltd. - Key offerings
              • Exhibit 168: Yingli Green Energy Holding Co. Ltd. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 169: Inclusions checklist
                • Exhibit 170: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 171: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 172: Research methodology
                • Exhibit 173: Validation techniques employed for market sizing
                • Exhibit 174: Information sources
              • 13.5 List of abbreviations
                • Exhibit 175: 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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              solar panels market

              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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