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Solar Panels Market by End-user, Type, and Geography - Forecast and Analysis 2022-2026

  • Published: Sep 2022
  • Pages: 152
  • SKU: IRTNTR70592
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The solar panels market share is expected to increase by USD 44.96 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 7.61%.

This solar panels market 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 panels market segmentation by end-user (power utilities, commercial, and residential), type (crystalline panel and thin-film panel), and geography (APAC, Europe, North America, the Middle East and Africa, and South America). The solar panels market report also offers information on several market vendors, including Adani Group, Antec Solar GmbH, Canadian Solar Inc., First Solar Inc., Flisom AG, Hanergy Holding Group Ltd., JA Solar Technology Co. Ltd., JinkoSolar Holding Co. Ltd., Kaneka Corp., Longi green energy technology Co. Ltd, Risen Energy Co. Ltd., Shell plc, Shunfeng International Clean Energy Co. Ltd, Soltecture GmbH, Suzhou Talesun Solar Technology Co. Ltd., Tata Sons Pvt. Ltd., Tesla Inc., Trina Solar Co. Ltd., Yingli Green Energy Holding Co. Ltd., and SoloPower Systems Inc. among others.

What will the Solar Panels Market Size be During the Forecast Period?

Solar Panels Market Size

Download Report Sample to Unlock the Solar Panels Market Size for the Forecast Period and Other Important Statistics

 

Solar Panels Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and after the post-COVID-19 era. The increasing investments in the renewable energy sector are notably driving the solar panels market growth, although factors such as the intermittent nature of solar power may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the solar panel industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Solar Panels Market Driver

The increasing investments in the renewable energy sector are one of the major drivers impacting the solar panels market growth. The competitive cost of generating electricity and low carbon emissions from renewable sources has increased investments in renewable energy across the world. For instance, from April-December 2022, $14.5 billion was invested in the renewable energy sector in India. Many European countries, such as Norway, Iceland, and Sweden, rely on renewable sources for more than half of their total annual power demand. This is due to the implementation of stringent emission norms in countries in the EU. The global investments in renewable energy will exceed $2.4 trillion in 2022. The shift in focus to renewable sources of energy is increasing investments in the energy industry. This should drive the growth of the global solar energy sector, which, in turn, would propel the growth of the global solar panel market during the forecast period.

Key Solar Panels Market Trend

Floating solar PV plants is one of the major trends influencing the solar panels market growth. Floating solar PV technology is an innovative method to install solar PV systems above water infrastructure. This new method helps in achieving water conservation, as floating panels help in reducing water loss due to evaporation. These floating panels operate at cooler temperatures compared with land-based systems, thus improving power generation efficiency. Many floating panel projects have been developed in ponds, lakes, or reservoirs recently. These projects are anticipated to increase the demand for solar PV systems and, subsequently, the demand for solar panels during the forecast period. Countries such as China, India, Japan, and South Korea have already started developing such floating solar PV systems. For instance, China has two of the largest floating solar PV plants in Huainan City and Pei County. Similarly, South Korea has multiple floating solar PV plants in Cheongpung Lake, Otae Province, and Jipyeong Province.

Key Solar Panels Market Challenge

The intermittent nature of solar power is one of the major challenges impeding the solar panels market growth. The output of solar power systems varies highly due to the change in the solar irradiation level at different times of the day and in different seasons. This intermittent nature gives rise to the need for backup power to support the power demand and increases operations related to grid planning activities. However, some solar PV plants have a backup power system, but these still need to be improved. As a result, the effective utilization of solar energy depends majorly on demand management, effective power adjustment, and the auxiliary system based on the energy storage system and grid modifications. Overcoming the intermittent nature of solar power still needs the use of advanced technology, whereas, in other renewable resources such as pumped hydropower, the systems make use of the reverse flow of water into the reservoir to generate energy. Thus, the intermittency of solar power affects the adoption of solar energy, which is expected to hinder the growth of the global panels market during the forecast period.

This solar panels market 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 global solar panels market as a part of the global renewable electricity market within the global independent power and 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 panels market during the forecast period.

Who are the Major Solar Panels Market Vendors?

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

 

  • Adani Group
  • Antec Solar GmbH
  • Canadian Solar Inc.
  • First Solar Inc.
  • Flisom AG
  • Hanergy Holding Group Ltd.
  • JA Solar Technology Co. Ltd.
  • JinkoSolar Holding Co. Ltd.
  • Kaneka Corp.
  • Longi green energy technology Co. Ltd
  • Risen Energy Co. Ltd.
  • Shell plc
  • Shunfeng International Clean Energy Co. Ltd
  • Soltecture GmbH
  • Suzhou Talesun Solar Technology Co. Ltd.
  • Tata Sons Pvt. Ltd.
  • Tesla Inc.
  • Trina Solar Co. Ltd.
  • Yingli Green Energy Holding Co. Ltd.
  • SoloPower Systems Inc.

 

This statistical study of the solar panels market encompasses successful business strategies deployed by the key vendors. The solar panels market is fragmented and the vendors are deploying growth strategies such as investments in innovation and R&D to compete in the market.

To make the most of the opportunities and recover from the 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 panels market 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 Panels Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the solar panels market, 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.

Which are the Key Regions for Solar Panels Market?

Solar Panels Market Share by Geography

For more insights on the market share of various regions Request PDF Sample now!

42% of the market’s growth will originate from APAC during the forecast period.  China, India, and Japan are the key markets for the solar panels market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The increasing environmental concerns, growing energy demand, supporting government regulations, and a decline in the cost of solar PV will facilitate the solar panels market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating End-user Segments in the Solar Panels Market?

Solar Panels Market Share

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The power utility sector held the largest share of the global solar panels market in 2020 and will continue to exhibit significant growth in the coming years. The installation of large-scale solar power plants to generate clean energy and reduce carbon emissions is increasing globally. Favorable solar policies and incentives to encourage solar installations are expected to propel the growth of the global solar panels market in this segment during the forecast period. China, the US, Germany, Japan, and India held the major share of the utility segment in 2020

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

You may be interested in:

Floating Solar Panels market - The market share is expected to increase by USD 775.85 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 16.89%.

APAC Solar Panel market - The market share is expected to grow at a CAGR of 11.5 percent over the period 2014-2019.

Solar Panels Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 7.61%

Market growth 2022-2026

$44.96 billion

Market structure

Fragmented

YoY growth (%)

7.2

Regional analysis

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

Performing market contribution

APAC at 42%

Key consumer countries

US, China, South Korea, Japan, Germany, and Italy

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Adani Group, Antec Solar GmbH, Canadian Solar Inc., First Solar Inc., Flisom AG, Hanergy Holding Group Ltd., JA Solar Technology Co. Ltd., JinkoSolar Holding Co. Ltd., Kaneka Corp., Longi green energy technology Co. Ltd, Risen Energy Co. Ltd., Shell plc, Shunfeng International Clean Energy Co. Ltd, Soltecture GmbH, Suzhou Talesun Solar Technology Co. Ltd., Tata Sons Pvt. Ltd., Tesla Inc., Trina Solar Co. Ltd., Yingli Green Energy Holding Co. Ltd., and SoloPower Systems Inc.

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, and 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 Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive solar panels market growth during the next five years
  • Precise estimation of the solar panels market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the solar panel's industry across APAC, Europe, North America, Middle East and Africa, and South America
  • 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 panels market vendors

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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 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 14: Chart on Global - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 18: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 24: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by End-user

    • 5.1 Market segments
      • Exhibit 25: Chart on End-user - Market share 2021-2026 (%)
      • Exhibit 26: Data Table on End-user - Market share 2021-2026 (%)
    • 5.2 Comparison by End-user
      • Exhibit 27: Chart on Comparison by End-user
      • Exhibit 28: Data Table on Comparison by End-user
    • 5.3 Power utilities - Market size and forecast 2021-2026
      • Exhibit 29: Chart on Power utilities - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 30: Data Table on Power utilities - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 31: Chart on Power utilities - Year-over-year growth 2021-2026 (%)
      • Exhibit 32: Data Table on Power utilities - Year-over-year growth 2021-2026 (%)
    • 5.4 Commercial - Market size and forecast 2021-2026
      • Exhibit 33: Chart on Commercial - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 34: Data Table on Commercial - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 35: Chart on Commercial - Year-over-year growth 2021-2026 (%)
      • Exhibit 36: Data Table on Commercial - Year-over-year growth 2021-2026 (%)
    • 5.5 Residential - Market size and forecast 2021-2026
      • Exhibit 37: Chart on Residential - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 38: Data Table on Residential - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 39: Chart on Residential - Year-over-year growth 2021-2026 (%)
      • Exhibit 40: Data Table on Residential - Year-over-year growth 2021-2026 (%)
    • 5.6 Market opportunity by End-user
      • Exhibit 41: Market opportunity by End-user ($ billion)

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 42: Chart on Type - Market share 2021-2026 (%)
      • Exhibit 43: Data Table on Type - Market share 2021-2026 (%)
    • 6.2 Comparison by Type
      • Exhibit 44: Chart on Comparison by Type
      • Exhibit 45: Data Table on Comparison by Type
    • 6.3 Crystalline panel - Market size and forecast 2021-2026
      • Exhibit 46: Chart on Crystalline panel - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 47: Data Table on Crystalline panel - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 48: Chart on Crystalline panel - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on Crystalline panel - Year-over-year growth 2021-2026 (%)
    • 6.4 Thin-film panel - Market size and forecast 2021-2026
      • Exhibit 50: Chart on Thin-film panel - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 51: Data Table on Thin-film panel - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 52: Chart on Thin-film panel - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on Thin-film panel - Year-over-year growth 2021-2026 (%)
    • 6.5 Market opportunity by Type
      • Exhibit 54: Market opportunity by Type ($ billion)

    7 Customer Landscape

    • 7.1 Customer landscape overview
      • Exhibit 55: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    8 Geographic Landscape

    • 8.1 Geographic segmentation
      • Exhibit 56: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 57: Data Table on Market share by geography 2021-2026 (%)
    • 8.2 Geographic comparison
      • Exhibit 58: Chart on Geographic comparison
      • Exhibit 59: Data Table on Geographic comparison
    • 8.3 APAC - Market size and forecast 2021-2026
      • Exhibit 60: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 61: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 62: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 63: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 8.4 Europe - Market size and forecast 2021-2026
      • Exhibit 64: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 65: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 66: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 67: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 8.5 North America - Market size and forecast 2021-2026
      • Exhibit 68: Chart on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 69: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 70: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 71: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 8.6 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 72: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 73: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 74: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 75: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 8.7 South America - Market size and forecast 2021-2026
      • Exhibit 76: Chart on South America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 77: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 78: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 79: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 8.8 China - Market size and forecast 2021-2026
      • Exhibit 80: Chart on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 81: Data Table on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 82: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 83: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 8.9 US - Market size and forecast 2021-2026
      • Exhibit 84: Chart on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 85: Data Table on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 86: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 87: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 8.10 South Korea - Market size and forecast 2021-2026
      • Exhibit 88: Chart on South Korea - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 89: Data Table on South Korea - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 90: Chart on South Korea - Year-over-year growth 2021-2026 (%)
      • Exhibit 91: Data Table on South Korea - Year-over-year growth 2021-2026 (%)
    • 8.11 Germany - Market size and forecast 2021-2026
      • Exhibit 92: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 93: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 94: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 95: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 8.12 Italy - Market size and forecast 2021-2026
      • Exhibit 96: Chart on Italy - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 97: Data Table on Italy - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 98: Chart on Italy - Year-over-year growth 2021-2026 (%)
      • Exhibit 99: Data Table on Italy - Year-over-year growth 2021-2026 (%)
    • 8.13 Japan - Market size and forecast 2021-2026
      • Exhibit 100: Chart on Japan - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 101: Data Table on Japan - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 102: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 103: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 8.14 Market opportunity by geography
      • Exhibit 104: Market opportunity by geography ($ billion)

    9 Drivers, Challenges, and Trends

    • 9.1 Market drivers
      • 9.2 Market challenges
        • 9.3 Impact of drivers and challenges
          • Exhibit 105: Impact of drivers and challenges in 2021 and 2026
        • 9.4 Market trends

          10 Vendor Landscape

          • 10.1 Overview
            • 10.2 Vendor landscape
              • Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
            • 10.3 Landscape disruption
              • Exhibit 107: Overview on factors of disruption
            • 10.4 Industry risks
              • Exhibit 108: Impact of key risks on business

            11 Vendor Analysis

            • 11.1 Vendors covered
              • Exhibit 109: Vendors covered
            • 11.2 Market positioning of vendors
              • Exhibit 110: Matrix on vendor position and classification
            • 11.3 Canadian Solar Inc.
              • Exhibit 111: Canadian Solar Inc. - Overview
              • Exhibit 112: Canadian Solar Inc. - Business segments
              • Exhibit 113: Canadian Solar Inc. - Key news
              • Exhibit 114: Canadian Solar Inc. - Key offerings
              • Exhibit 115: Canadian Solar Inc. - Segment focus
            • 11.4 First Solar Inc.
              • Exhibit 116: First Solar Inc. - Overview
              • Exhibit 117: First Solar Inc. - Business segments
              • Exhibit 118: First Solar Inc. - Key news
              • Exhibit 119: First Solar Inc. - Key offerings
              • Exhibit 120: First Solar Inc. - Segment focus
            • 11.5 JA Solar Technology Co. Ltd.
              • Exhibit 121: JA Solar Technology Co. Ltd. - Overview
              • Exhibit 122: JA Solar Technology Co. Ltd. - Product / Service
              • Exhibit 123: JA Solar Technology Co. Ltd. - Key offerings
            • 11.6 JinkoSolar Holding Co. Ltd.
              • Exhibit 124: JinkoSolar Holding Co. Ltd. - Overview
              • Exhibit 125: JinkoSolar Holding Co. Ltd. - Product / Service
              • Exhibit 126: JinkoSolar Holding Co. Ltd. - Key news
              • Exhibit 127: JinkoSolar Holding Co. Ltd. - Key offerings
            • 11.7 Kaneka Corp.
              • Exhibit 128: Kaneka Corp. - Overview
              • Exhibit 129: Kaneka Corp. - Business segments
              • Exhibit 130: Kaneka Corp. - Key offerings
              • Exhibit 131: Kaneka Corp. - Segment focus
            • 11.8 Longi green energy technology Co. Ltd
              • Exhibit 132: Longi green energy technology Co. Ltd - Overview
              • Exhibit 133: Longi green energy technology Co. Ltd - Product / Service
              • Exhibit 134: Longi green energy technology Co. Ltd - Key offerings
            • 11.9 Risen Energy Co. Ltd.
              • Exhibit 135: Risen Energy Co. Ltd. - Overview
              • Exhibit 136: Risen Energy Co. Ltd. - Product / Service
              • Exhibit 137: Risen Energy Co. Ltd. - Key offerings
            • 11.10 Shunfeng International Clean Energy Co. Ltd
              • Exhibit 138: Shunfeng International Clean Energy Co. Ltd - Overview
              • Exhibit 139: Shunfeng International Clean Energy Co. Ltd - Product / Service
              • Exhibit 140: Shunfeng International Clean Energy Co. Ltd - Key offerings
            • 11.11 Trina Solar Co. Ltd.
              • Exhibit 141: Trina Solar Co. Ltd. - Overview
              • Exhibit 142: Trina Solar Co. Ltd. - Business segments
              • Exhibit 143: Trina Solar Co. Ltd. - Key offerings
              • Exhibit 144: Trina Solar Co. Ltd. - Segment focus
            • 11.12 Yingli Green Energy Holding Co. Ltd.
              • Exhibit 145: Yingli Green Energy Holding Co. Ltd. - Overview
              • Exhibit 146: Yingli Green Energy Holding Co. Ltd. - Business segments
              • Exhibit 147: Yingli Green Energy Holding Co. Ltd. - Key offerings
              • Exhibit 148: Yingli Green Energy Holding Co. Ltd. - Segment focus

            12 Appendix

            • 12.1 Scope of the report
              • 12.2 Inclusions and exclusions checklist
                • Exhibit 149: Inclusions checklist
                • Exhibit 150: Exclusions checklist
              • 12.3 Currency conversion rates for US$
                • Exhibit 151: Currency conversion rates for US$
              • 12.4 Research methodology
                • Exhibit 152: Research methodology
                • Exhibit 153: Validation techniques employed for market sizing
                • Exhibit 154: Information sources
              • 12.5 List of abbreviations
                • Exhibit 155: 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.

              TechnavioINFORMATION 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
              Technavio

              TechnavioDATA 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
              Technavio

              TechnavioREPORT 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 growth will increase by $159.62 GW during 2020-2025.
              The solar panels market is expected to grow at a CAGR of 16.89% during 2020-2025.
              Technavio has segmented the solar panels market by end user (Power utilities, Commercial, and Residential) ,type (Crystalline panel and Thin-film panel) , and geographic (APAC, North America, Europe, South America, and MEA).
              Canadian Solar Inc., First Solar Inc., Ja Solar Holdings Co. Ltd., JinkoSolar Holding Co. Ltd., Kaneka Corp., LONGi Green Energy Technology Co. Ltd., Risen Energy Co. Ltd., Trina Solar Co. Ltd., Wuxi Suntech Power Co. Ltd., Yingli Green Energy Holding Co. Ltd. are a few of the key vendors in the solar panels market.
              APAC will register the highest growth rate of 68.63% among the other regions. Therefore, the solar panels market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the solar panels market growth are:
              • Increasing investments in renewable energy sector
              • Rise in deployment of microgrids
              The solar panels market vendors should focus on grabbing business opportunities from the power utilities segment as it accounted for the largest market share in the base year.
              • 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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