Demand Growth and Revenue Potential: A Deep Dive into Solar Panel Market
- Isha Deshpande
- Feb 17
- 3 min read
The global solar panel market size was USD 131.37 Billion in 2022 and is expected to register revenue CAGR of 12.1% during the forecast period. Increasing investments by the global solar panel market players in the renewable energy sector, rising awareness among individuals for using renewable energy and growing government policies and incentives are key factors driving market revenue growth.
The Solar Panel Market report offers a comprehensive overview of the market along with details about market size, market share, revenue growth, and top companies. The report covers all crucial and essential information related to global Solar Panel market to help readers, investors, clients to gain a thorough understanding of the market and invest accordingly. Various advanced statistical tools such as SWOT analysis or Porter’s Five Forces are used in the report.
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Competitive Terrain:
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Solar Panel market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
The leading market contenders listed in the report are:
Adani Group, Canadian Solar, First Solar, Hanergy Thin Film Power Group, JA Solar Technology Co. Ltd., Zhongli Sci-Tech, KANEKA CORPORATION, Risen Energy Co., Ltd., Shell International B.V., Soltecture GmbH, Tata Power, LONGi, Trina Solar, Hanwha Group
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Emergen Research has segmented the global Solar Panel market on the basis of type, application, end-use, and region:
Segments Covered in this report are:
Type Outlook (Revenue, USD Billion; 2019-2032)
Monocrystalline Solar Panel
Polycrystalline Solar Panel
Thin-film Solar Panel
Bifacial Solar Panel
Perovskite Solar Panels
Grid Type Outlook (Revenue, USD Billion; 2019-2032)
On-grid
Off-grid
Technology Outlook (Revenue, USD Billion; 2019-2032)
Solar Photovoltaic (PV)
Concentrated Solar Power
Crystalline Silicon
Others
The various regions analyzed in the report include:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Objectives of the Report:
Analysis and estimation of the Solar Panel Market size and share for the projected period of 2022-2030
Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Solar Panel Market
Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
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