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Solar Photovoltaic (PV) Panels Market

Solar Photovoltaic (PV) Panels Market

Solar Photovoltaic (PV) Panels Market Global Industry Assessment & Forecast

# Pages:


Base Year:


Nov - 2021


Report Code:


Segments Covered
  • By Product Grid connected, Off-grid
  • By Application Residential, Commercial, Utility scale
Forecast YearsForecast Years: 2021 - 2028
Historical YearsHistorical Years: 2016 - 2020
Revenue 2021Revenue 2021: 112.36 Billion
Revenue 2028Revenue 2028: 169.61 Billion
Revenue CAGRRevenue CAGR (2021 - 2028): 5.29
Fastest Growing Region Fastest Growing Region (2022 - 2028) Asia Pacific
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

Research Methodology: Solar Photovoltaic (PV) Panels Market - Global Market Assessment, 2021 - 2028

We at Vantage Market Research, employ comprehensive methodology for each market study, and Solar Photovoltaic (PV) Panels Market is not an exception. Moreover, Vantage Market Research utilizes tried and tested approaches to arrive at market-related projections. The research methodology is based on the 3-dimensional model consisting of 3 phases namely: Secondary Research, Primary Research, and Data Triangulation. We were connected with more than 145 primary respondents adequately distributed across the five regions to procure required Solar Photovoltaic (PV) Panels market-related information.   

Secondary Research

Primary Research:

The next stage involves the primary research conducted to gather further information and revalidate the data collected from the secondary research. Moreover, primary research is also conducted to identify key players in the market and to gather their market-specific financial information. A typical primary interview fulfills the following data requirements

Data Triangulation and Market Size Estimations

At the later stage and after procuring data from secondary and primary research, top-down and bottom-up approaches are used to validate and estimate the market size of the Solar Photovoltaic (PV) Panels market. After the determination of the overall market size, the market is divided into various segments and sub-segments. The data was triangulated by employing various data models and statistical techniques to arrive at exact statistics and also considering key market trends from supply as well as the demand side of the market.  

Frequently Asked Question
  • The global Solar Photovoltaic (PV) Panels valued at 112.36 Billion in 2020 and is expected to reach 169.61 Billion in 2028 growing at a CAGR of 5.29%.

  • The prominent players in the market are Solar World Ag, Suntech Power Holding Co. Ltd., Sharp Corporation, Yingli Green Energy Holding Co. Ltd., Canadian Solar Inc., First Solar Inc., Schott Solar Ag., Jinko Solar Holding Company Ltd., Sun Power Corporation, Trina Solar Ltd..

  • The market is project to grow at a CAGR of 5.29% between 2021 and 2028.

  • The driving factors of the Solar Photovoltaic (PV) Panels include

    • The increase in demand for solar photovoltaic (PV) among residential applications is anticipated to augment the growth of the market over the forecast period.
    • Furthermore, the increase in government initiatives and programs are also expected to supprt the growth of the market during the forecast period.

  • Asia Pacific was the leading regional segment of the Solar Photovoltaic (PV) Panels in 2020.