Solar Panels Market | Leading Segments, Trends, Drivers and Challenges
Market Recovery and Growth Projections 2021-2025

Global solar panels market will post an incremental growth of 159.62 GW and progressing at a CAGR of almost 17% during the forecast period. Our research report segments the market into major segments and the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.


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Solar Panels Market: Market Segments and Growth Forecasts

This research report will provide insights into the current market share of each segment along with growth projections for the next five years.

  • The report segments the market by End-user (Power utilities, Commercial, and Residential), Type (Crystalline panel and Thin-film panel), and Geography (APAC, North America, Europe, South America, and MEA). Each market segment is analyzed for past performance leading to future growth projections based on current market scenario.
  • 69% of the market growth will originate from APAC during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Solar Panels Market size.

Solar Panels Market Size to Grow by 159.62 GW through 2021-2025 | Leading Segments and Market Trends

Solar Panels Market: Trends, Drivers, Challenges to impact growth

The research report looks at the impact of various trends, drivers, and challenges for market growth during the forecast period. These insights will enable clients to design a growth strategy for their business and area of operations.

  • A key market driver for the Solar Panels Market will be increasing investments in renewable energy sector.
  • Declining cost of solar PV panels will be instrumental in driving the market growth during the forecast period.
  • One of the key challenges that market players need to contend with in order to achieve further success is the Intermittent nature of solar power.

Solar Panels Market: Vendor Analysis

  • The market is fragmented.
  • The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
  • Canadian Solar Inc., First Solar Inc., Ja Solar Holdings Co. Ltd., JinkoSolar Holding Co. Ltd., Kaneka Corp., Risen Energy Co. Ltd., LONGi Green Energy Technology Co. Ltd., Trina Solar Co. Ltd., Wuxi Suntech Power Co. Ltd., and Yingli Green Energy Holding Co. Ltd. are some of the major market participants.

For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of almost 17%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow by 159.62 GW through 2021-2025.

     
  3. What is a key factor driving this market?
    Increasing investments in renewable energy sector will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    APAC, North America, Europe, South America, and MEA are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market:
    69% growth will originate from APAC

     
  6. Who are the leading market vendors?
    The leading vendors in this market are Canadian Solar Inc., First Solar Inc., Ja Solar Holdings Co. Ltd., JinkoSolar Holding Co. Ltd., Kaneka Corp., Risen Energy Co. Ltd., LONGi Green Energy Technology Co. Ltd., Trina Solar Co. Ltd., Wuxi Suntech Power Co. Ltd., and Yingli Green Energy Holding Co. Ltd.

     
  7. What are the market segments covered in this report?
    The market is segmented by End-user (Power utilities, Commercial, and Residential), Type (Crystalline panel and Thin-film panel), and Geography (APAC, North America, Europe, South America, and MEA)

Solar Panels Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2021-2025

Technavio has been monitoring the solar panels market and it is expected to grow by 159.62 GW, accelerating at a CAGR of almost 17% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking


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Solar Panels Market: Key Trends to impact market growth

Rise in deployment of microgrids is one of the key solar panels market trends. APAC region dominated the market in recent years and is expected to offer further growth opportunities during the forecast period. The increasing environmental concerns, growing energy demand, supportive government regulations, and a decline in the cost of solar PV will drive the growth of the solar panels market in this region during the forecast period. China, India, and Japan are the major shareholders in APAC region.  This research report provides a detailed impact analysis of all the trends that are likely to influence the growth of the market in focus.

Solar Panels Market: Top Drivers to Boost Demand

Increasing investment in renewable energy sector is one of the primary factors driving the growth of the solar panels market. The decline in the prices of solar PV and increasing stringent regulations on carbon emissions are factors driving market growth.The report provides a detailed study of all the factors that are likely to boost the market. This analysis will enable clients to leverage growth opportunities to their advantage and set their business

Solar Panels Market Size to Grow by 159.62 GW through 2021-2025 | Leading Segments and Market Trends

Vendor Analysis: Canadian Solar Inc., First Solar Inc. and Ja Solar Holdings Co. Ltd. are key growth contributors

The market is fragmented. The research report provides insights into the top market player and their product portfolio along with a pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Canadian Solar Inc., First Solar Inc., Ja Solar Holdings Co. Ltd., JinkoSolar Holding Co. Ltd., Kaneka Corp., LONGi Green Energy Technology Co. Ltd., Risen Energy Co. Ltd., Trina Solar Co. Ltd., Wuxi Suntech Power Co. Ltd., and Yingli Green Energy Holding Co. Ltd. are some of the major market participants.

For more insights on this market: Download a Free Sample Report

Solar Panels Market: Key Highlights of the Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive solar panels market growth during the next five years
  • Precise estimation of the solar panels market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the solar panels market industry across APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of solar panels market vendors

The report provides insights into the following FAQs:

  • What is the market CAGR?
    The market is accelerate at a CAGR of almost 17%.
     
  • What is the incremental growth of the market?
    The market is expected to grow by 159.62 GW through 2021-2025.
     
  • What is a key factor driving this market?
    Increasing investments in renewable energy sector will drive market growth over the forecast period.
     
  • What are the key regions covered in this market research report?
    APAC, North America, Europe, South America, and MEA are the key regions featured in this research report.
     
  • Which is the leading geographic region for this market:
    69% growth will originate from APAC
     
  • Who are the leading market vendors?
    The leading vendors in this market are Canadian Solar Inc., First Solar Inc., Ja Solar Holdings Co. Ltd., JinkoSolar Holding Co. Ltd., Kaneka Corp., Risen Energy Co. Ltd., LONGi Green Energy Technology Co. Ltd., Trina Solar Co. Ltd., Wuxi Suntech Power Co. Ltd., and Yingli Green Energy Holding Co. Ltd.
     
  • What are the market segments covered in this report?
    The market is segmented by End-user (Power utilities, Commercial, and Residential), Type (Crystalline panel and Thin-film panel), and Geography (APAC, North America, Europe, South America, and MEA)
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