Solar Panel Market
Solar Panel Market Global Industry Assessment & Forecast
#
Pages:
145
2021
Nov - 2021
VMR-2021-0863
Segments Covered
By
Product Mono-crystalline Solar Panel, Poly-crystalline Solar Panel, Thin-film Solar Panel
-
By
Application Residential, Commercial, Utility
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
54.32 Billion |
 Revenue 2028:
|
209.36 Billion |
 Revenue CAGR
(2021 - 2028): |
18.37 |
Fastest Growing Region (2022 -
2028)
|
North America |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
The report
delivers an acute breakdown of the market based on various segments such as Product,
Application, and region. The report will cover market
estimations and forecast for each segment by region for the years 2016–2028. Several
growth factors and opportunities impacting various segments have been
incorporated in the report. On
the basis of Product, the market is divided into Mono-crystalline Solar Panel, Poly-crystalline Solar Panel, Thin-film Solar Panel,. Mono-crystalline Solar Panel
held the largest share in 2020 and is projected to witness substantial growth
during the forecast period.
Based
on Application, the market is divided into Residential, Commercial, Utility,. Commercial
attributed to the highest market share and is expected to grow at a significant
CAGR from 2021 to 2028.
Global Solar Panel Market: Product Segment Analysis
-
- Mono-crystalline Solar Panel
- Poly-crystalline Solar Panel
- Thin-film Solar Panel
Global Solar Panel Market: Application Segment Analysis
-
- Residential
- Commercial
- Utility
FAQ
Frequently Asked Question
What is the global demand for Solar Panel in terms of revenue?
-
The global Solar Panel valued at 54.32 Billion in 2020 and is expected to reach 209.36 Billion in 2028 growing at a CAGR of 18.37%.
Which are the prominent players in the market?
-
The prominent players in the market are CETC Solar Energy Holdings Co Ltd, SCHMID Group, Yingkou Jinchen Machinery Co Ltd, Jinko Solar, Oerlikon Solar, Manz AG, Spire Corporation, JASolar, S-Energy, CSI, Kyocera, Ulvac Solar, Toshiba, AXITEC, Aleo Solar, Hanwha Solar One, Mitsubishi Electric, Panasonic Corporation (Sanyo), Yingli Green Energy, SunPower, Ecoprogetti, Luxor Solar, Trina Solar, First Solar, Renesola, Conergy, IBC Solar, Sharp Solar..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 18.37% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Solar Panel include
- The decrease in prices of solar modules coupled with increase in legislative and financial initiatives is expected to fuel the growth of the solar panel market in the years to come.
- The increase in R&D in solar cell technologies and development of solar storage systems along with supportive government initiatives is further expected to fuel the growth of the market in the estimated timeframe.
Which region accounted for the largest share in the market?
-
North America was the leading regional segment of the Solar Panel in 2020.
