The global demand for Solar Photovoltaic Panel Market is presumed to reach the market size of nearly USD 1071.92 Billion by 2032 from USD 244.64 Billion in 2023 with a CAGR of 17.84% under the study period 2024-2032.
The solar photovoltaic panel is a technology that converts sunlight into electricity using a photovoltaic effect. The panel absorbs sun rays and produces an electric voltage differential that makes the electrons flow between one to the other, generating an electric current. Several featured solar PV modules include concentrators in which light is focused by lenses or mirrors onto smaller cells. This enables the use of cells with a high cost per unit area in a cost-effective way. The panel contributes sustainable development by producing non polluting energy and is recognised as the cheapest source of energy.
Growing global warming together with increasing demand for electricity are key factors promoting the growth of the market. The market is growing at a rapid rate with constant changes in price, efficiency, technology and capacities. The electricity demand is increasing day by day, therefore it is essential to produce enough electricity to meet the requirement. Additionally, growing carbon emission due to fuel burning is raising concern about the environment. To deal with these consequences the government and a general public are acting positively to change the situation of pollution that is by promoting the installation of the solar panel. The government is putting a lot of emphasis on ensuring clean energy systems, various schemes have been proposed to provide subsidies and incentives to the people for installing PV systems. This is flourishing market growth. However, high capital investment and high production cost are the major hindering factor for the market.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Solar Photovoltaic Panel. The growth and trends of Solar Photovoltaic Panel industry provide a holistic approach to this study.
This section of the Solar Photovoltaic Panel market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
By Technology
By End-User
This section covers the regional outlook, which accentuates current and future demand for the Solar Photovoltaic Panel market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Solar Photovoltaic Panel market include Jinko Solar, JA Solar, Trina Solar, Longi Solar, Canadian Solar, SunPower Corporation, First Solar, Hanwha Q-Cells, Risen Energy, Talesun, Others. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
1. PREFACE
1.1. Report Description
1.1.1 Objective
1.1.2 Target Audience
1.1.3 Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1 Market Research Process
1.3.2 Market Research Methodology
2. EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3. SOLAR PHOTOVOLTAIC PANEL – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 Market Attractiveness Analysis By Type
3.7.2 Market Attractiveness Analysis By Technology
3.7.3 Market Attractiveness Analysis By End-User
3.7.4 Market Attractiveness Analysis By Region
4. VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1 List of Raw Materials
4.2.2 Raw Material Manufactures List
4.2.3 Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1 Direct Marketing
4.4.2 Indirect Marketing
4.4.3 Marketing Channel Development Trend
5. GLOBAL SOLAR PHOTOVOLTAIC PANEL MARKET ANALYSIS BY TYPE
5.1. Overview By Type
5.2. Historical and Forecast Data Analysis By Type
5.3. On-Grid Historic and Forecast Sales By Regions
5.4. Off-Grid Historic and Forecast Sales By Regions
6. GLOBAL SOLAR PHOTOVOLTAIC PANEL MARKET ANALYSIS BY TECHNOLOGY
6.1. Overview By Technology
6.2. Historical and Forecast Data Analysis By Technology
6.3. Crystalline Silicon Historic and Forecast Sales By Regions
6.4. Thin Film Historic and Forecast Sales By Regions
6.5. Others Historic and Forecast Sales By Regions
7. GLOBAL SOLAR PHOTOVOLTAIC PANEL MARKET ANALYSIS BY END-USER
7.1. Overview By End-User
7.2. Historical and Forecast Data Anal...
