Global Solar Photovoltaic Panels Market was valued at USD 133.34 Bn by 2019 and to USD XX Bn by 2027 at a CAGR of XX% during the forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
Global Solar Photovoltaic Panels Market
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Global Solar Photovoltaic Panels Market Dynamics:
Rising need for sustainable energy resources and depleting oil reserves is a major driver for the market growth of solar photovoltaic panel. Solar Photovoltaic is the third most important source of renewable energy after hydro and wind power. Awareness for energy security and self-sufficiency coupled with government legislations is expected to rise solar photovoltaic panels market growth. Solar photovoltaic panels are used for residential rooftop for End Uses such as powering electronic devices, individual gadgets, and vehicle batteries. Countries with low income cannot afford the installation of solar photovoltaic panel.
Also, countries with reliable and stable grid infrastructure and subsidized electricity charges limits the adoption of solar photovoltaic panel which add restrain to the solar photovoltaic market. Fluctuation in crude oil price, environmental concern of hydro power, and risk of nuclear radiation accidents in nuclear power plants provide a great opportunity for solar power to meet the increasing demand of energy.
Global Solar Photovoltaic Panels Market Segment Analysis:
In terms of technology solar photovoltaic panels market is segmented into thin-film, crystalline silicon, and others. Among this crystalline silicon dominates the solar photovoltaic panels market. But thin-film cells show a prominent growth owing to the advantages of the thin-film panel over crystalline silicon. Thin-film panels employ cadmium or glass substrates and have higher solar conversion efficiency at relatively lower costs as compared to their crystalline silicon.
In terms of end-use solar photovoltaic panels market is segmented into residential, commercial, and utility-scale. Commercial segment is leading the solar photovoltaic market owing to popularity of top roof installation. Commercial and utility-scale is expected to gain solar photovoltaic market in a forecast.
Global Solar Photovoltaic Panels Market Regional Insights:
In terms of geography solar photovoltaic panels market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. Europe had the largest regional solar panels market in 2019. However, the European region has witnessed a sharp decline. Asia Pacific constitutes more than half of market. The top five solar photovoltaic markets are China, United States, Japan, India, and United Kingdom, accounting for almost 80% of market.
The objective of the report is to present a comprehensive analysis of the Global Solar Photovoltaic Panels Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with an analysis of complicated data in simple language. The report covers all the aspects of the industry with the dedicated study of key players that includes market leaders, followers, and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Solar Photovoltaic Panels Market dynamics, structure by analyzing the market segments and project the Global Solar Photovoltaic Panels Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Solar Photovoltaic Panels Market make the report investor's guide.
Global Solar Photovoltaic Panels Market, Key Highlights:
• Global Solar Photovoltaic Panels Market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Solar Photovoltaic Panels Market
• Global Solar Photovoltaic Panels Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Global Solar Photovoltaic Panels Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
• Global Solar Photovoltaic Panels Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Solar Photovoltaic Panels Market are also profiled.
The report has considered the base year of 2019 and past four years trend. 2020 figures are at actuals, however due to different dynamics of year 2020, market forecast is not only dependent upon 2020, but on the basis of 2016-2020.
Scope of the Global Solar Photovoltaic Panels Market Report: Inquire before buying
Global Solar Photovoltaic Panels Market, By Technology Type
• Thin Film
• Crystalline Silicon
Global Solar Photovoltaic Panels Market, By End Use Type
Global Solar Photovoltaic Panels Market, By Region
• Asia Pacific
• North America
• Middle East & Africa
• Latin America
Global Solar Photovoltaic Panels Market Key Player
• Suntech Power Holding Co. Ltd.
• Sun Power Corporation
• First Solar Inc.
• Yingli Green Energy Holding Co. Ltd.
• Canadian Solar Inc.
• Schott Solar Ag
• Sharp Corporation
• Solar World
• Jinko Solar Holding Company Ltd
• Trina Solar Ltd
• Kaneka Corporation
• Kyocera Corporation
• Panasonic Corporation
• Renesola Co. Ltd
• BP Solar International
• Bloo Solar Inc
• 1366 Technologies Inc.
• 3GSolar Photovoltaics Ltd.
• JA Solar
• LONGi Solar
• Hanwha Q-CELLS
• Risen Energy
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