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Solar Panel Market by material (Silicon crystal, Cadmium Telluride, Gallium arsenide, and Others), Type (Concentrated PV module, Monocrystalline Si, Polycrystalline Si, and Others), and Application (Battery Storage, Solar Lighting, Commercial, Military & Aerospace, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026

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Nov 2019 | 43 Views
 
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Solar Panel Market Outlook-2026

Photovoltaics (PV) solar panels use light from sun as a source to generate electric power. It is a packaged, connected construction of PV solar cells. Most solar modules are commonly made from Si-wafer based PV technology. The PV market report of 2017, by Fraunhofer ISE, says that 95% of the total production of PVs is by Si-wafer based PV technology, while rest is made from thin film technologies using cadmium telluride and amorphous silicon. Emerging technologies use solar multi-junction cells in thin film based solar panels. Solar panels are used in wide variety of applications like rooftop, electric vehicles battery storage, residential applications, street lightning, aerospace & defense, and others. According to renewable energy report by REN 21, for the year 2018, the top 3 countries in solar PV generation are China, United States, and Japan.

Increase in demand for electricity, clean energy output, and reduction of carbon emissions, are expected to drive the global solar panel market. Factors such as unavailability of solar energy during night, seasonal dependency, high cost of electricity, and expensive solar technology are expected to hamper the growth of the solar panel market, globally. For minimizing the cost per watt of electricity produced, embedded solar panels are used to track maximum power and achieve reliable output. This factor is predicted to be the upcoming opportunity for the market.  Researchers nowadays are taking efforts to produce and make solar panels more reliable, efficient, and less costly. Introduction of controllers, such as Fuzzy Logic Controller (FLC), are expected to be the upcoming opportunities in the solar panel market worldwide.

The global solar panel market is segmented on the basis of material, type, applications, and region. On the basis of source, it can be classified as silicon crystal, cadmium telluride, gallium arsenide, and others. By type, it is divided into concentrated PV module, monocrystalline Si, polycrystalline Si, and others. By application, it is categorized into battery storage, solar lighting, commercial, military & aerospace, and others. Region-wise it is analyzed for North America, Europe, Asia-Pacific, and LAMEA.

Key players operating in the solar panel market are Jinko solar, JA solar co., Ltd., Trina Solar, LONGI solar, Canadian solar, Hanwha Q CELLS, Risen energy co., Ltd., GCL SI, Talesun, and First Solar. These companies are adopting many strategies such as product launch, research, solar power capacity growth, and others to maintain competitive edge in the market. Due to continuous growth in solar manufacturing, global players focus toward increasing their capacity to Gigawatt (GW). The top four solar module producers in 2018, were Jinko solar, JA solar, Trina solar, and Longi solar. Also, Wuxi Suntech Power Co., Ltd, Trina solar, Yingli and SHARP CORPORATION are GW producers.

KEY BENEFITS FOR STAKEHOLDERS:

  • The market size has been analyzed across all regions.
  • Porter’s five force analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for building strategies.
  • The report outlines the current market trends and future scenario of the market size from 2018 to 2026 to understand the prevailing opportunities and potential investment pockets.
  • Major countries in the region have been mapped according to their individual revenue contribution to the regional market.
  • The key drivers, restraints, and market opportunities and their detailed impact analysis are elucidated in the study.
  • The market analysis covers in-depth information of the major solar panel industry participants.

Key Market segments:

By Material

  • Silicon Crystal
  • Cadmium telluride
  • Gallium Arsenide
  • Others (Perovskite material, Quantum dots)

By Type

  • Concentrated PV module
  • Monocrystalline Si
  • Polycrystalline Si
  • Others (Thin Film Based, Bio hybrid)

By Applications

  • Battery Storage
  • Solar Lighting
  • Commercial 
  • Military & Aerospace 
  • Others (PV Power Stations, Standalone PV Systems) 

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific 
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia-Pacific 
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA 

Key Players

  • Jinko solar.
  • JA solar Co., Ltd.
  • Trina Solar.
  • LONGI Solar.
  • Canadian solar.
  • Hanwha Q-cells
  • Risen energy co., Ltd.
  • GCL-SI
  • Talesun
  • First Solar
  • SHARP CORPORATION
  • Yingli Solar
  • Wuxi Suntech Power Co., Ltd.
 

Chapter 1    INTRODUCTION

1.1.    Report description
1.2.    Key benefits for stakeholders
1.3.    Key market segments
1.4.    Research methodology

1.4.1.    Primary research
1.4.2.    Secondary research
1.4.3.    Analyst tools and models

Chapter 2    EXECUTIVE SUMMARY

2.1.    Key findings
2.1.1.    Top Investment Pockets
2.1.2.    Market Player Positioning, 2018

2.2.    CXO perspective

Chapter 3    MARKET OVERVIEW

3.1.    Market Definition And Scope
3.2.    Parent/Peer Market Overview
3.3.    Key Forces Shaping Solar Panel Market

3.3.1.    Bargaining power of suppliers
3.3.2.    Threat of new entrants
3.3.3.    Threat of substitutes
3.3.4.    Intensity of rivalry
3.3.5.    Bargaining power of buyers

3.4.    Pricing Analysis

3.4.1.    Pricing Analysis of Solar Panel Market, By Region, 2018 to 2026
3.4.2.    Pricing Analysis of Solar Panel Market, By Material, 2018 to 2026
3.4.3.    Pricing Analysis of Solar Panel Market, By Type, 2018 to 2026
3.4.4.    Pricing Analysis of Solar Panel Market, By Application, 2018 to 2026

3.5.    Value Chain Analysis
3.6.    Impact Of Government Regulations On Global Solar Panel Market
3.7.    Patent Analysis
3.8.    Market Dynamics

3.8.1.    Drivers
3.8.2.    Restraints
3.8.3.    Opportunities

Chapter 4    SOLAR PANEL MARKET, BY MATERIAL

4.1.    Overview
4.2.    Silicon Crystal

4.2.1.    Key market trends, growth factors and opportunities
4.2.2.    Market size and forecast, by region
4.2.3.    Market volume and forecast, by region
4.2.4.    Market analysis by country
 
4.3.    Cadmium Telluride

4.3.1.    Key market trends, growth factors and opportunities
4.3.2.    Market size and forecast, by region
4.3.3.    Market volume and forecast, by region
4.3.4.    Market analysis by country

4.4.    Gallium Arsenide

4.4.1.    Key market trends, growth factors and opportunities
4.4.2.    Market size and forecast, by region
4.4.3.    Market volume and forecast, by region
4.4.4.    Market analysis by country

4.5.    Others

4.5.1.    Key market trends, growth factors and opportunities
4.5.2.    Market size and forecast, by region
4.5.3.    Market volume and forecast, by region
4.5.4.    Market analysis by country

Chapter 5    SOLAR PANEL MARKET, BY TYPE

5.1.    Overview
5.2.    Concentrated PV Module

5.2.1.    Key market trends, growth factors and opportunities
5.2.2.    Market size and forecast, by region
5.2.3.    Market volume and forecast, by region
5.2.4.    Market analysis by country

5.3.    Monocrystalline Si

5.3.1.    Key market trends, growth factors and opportunities
5.3.2.    Market size and forecast, by region
5.3.3.    Market volume and forecast, by region
5.3.4.    Market analysis by country

5.4.    Polycrystalline Si

5.4.1.    Key market trends, growth factors and opportunities
5.4.2.    Market size and forecast, by region
5.4.3.    Market volume and forecast, by region
5.4.4.    Market analysis by country

5.5.    Others

5.5.1.    Key market trends, growth factors and opportunities
5.5.2.    Market size and forecast, by region
5.5.3.    Market volume and forecast, by region
5.5.4.    Market analysis by country

Chapter 6    SOLAR PANEL MARKET, BY APPLICATION

6.1.    Overview
6.2.    Battery Storage

6.2.1.    Key market trends, growth factors and opportunities
6.2.2.    Market size and forecast, by region
6.2.3.    Market volume and forecast, by region
6.2.4.    Market analysis by country

6.3.    Solar Lighting

6.3.1.    Key market trends, growth factors and opportunities
6.3.2.    Market size and forecast, by region
6.3.3.    Market volume and forecast, by region
6.3.4.    Market analysis by country

6.4.    Commercial Apllications

6.4.1.    Key market trends, growth factors and opportunities
6.4.2.    Market size and forecast, by region
6.4.3.    Market volume and forecast, by region

6.4.4.    Market analysis by country

6.5.    Military and Aerospace Applications

6.5.1.    Key market trends, growth factors and opportunities
6.5.2.    Market size and forecast, by region
6.5.3.    Market volume and forecast, by region
6.5.4.    Market analysis by country

6.6.    Others

6.6.1.    Key market trends, growth factors and opportunities
6.6.2.    Market size and forecast, by region
6.6.3.    Market volume and forecast, by region
6.6.4.    Market analysis by country

Chapter 7    SOLAR PANEL MARKET, BY REGION

7.1.    Overview
7.2.    North America

7.2.1.    Key market trends, growth factors and opportunities
7.2.2.    Market size and forecast, By Material
7.2.3.    Market size and forecast, By Type
7.2.4.    Market size and forecast, By Application
7.2.5.    Market analysis by country

7.2.5.1.    U.S.

7.2.5.1.1.    Socio-Economic & Micro-Macro Indicators
7.2.5.1.2.    Market size and forecast, By Material
7.2.5.1.3.    Market size and forecast, By Type
7.2.5.1.4.    Market size and forecast, By Application

7.2.5.2.    Canada

7.2.5.2.1.    Socio-Economic & Micro-Macro Indicators
7.2.5.2.2.    Market size and forecast, By Material
7.2.5.2.3.    Market size and forecast, By Type
7.2.5.2.4.    Market size and forecast, By Application

7.2.5.3.    Mexico

7.2.5.3.1.    Socio-Economic & Micro-Macro Indicators
7.2.5.3.2.    Market size and forecast, By Material
7.2.5.3.3.    Market size and forecast, By Type
7.2.5.3.4.    Market size and forecast, By Application

7.3.    Europe

7.3.1.    Key market trends, growth factors and opportunities
7.3.2.    Market size and forecast, By Material
7.3.3.    Market size and forecast, By Type
7.3.4.    Market size and forecast, By Application
7.3.5.    Market analysis by country

7.3.5.1.    UK

7.3.5.1.1.    Socio-Economic & Micro-Macro Indicators
7.3.5.1.2.    Market size and forecast, By Material
7.3.5.1.3.    Market size and forecast, By Type
7.3.5.1.4.    Market size and forecast, By Application

7.3.5.2.    Germany

7.3.5.2.1.    Socio-Economic & Micro-Macro Indicators
7.3.5.2.2.    Market size and forecast, By Material
7.3.5.2.3.    Market size and forecast, By Type
7.3.5.2.4.    Market size and forecast, By Application

7.3.5.3.    France

7.3.5.3.1.    Socio-Economic & Micro-Macro Indicators
7.3.5.3.2.    Market size and forecast, By Material
7.3.5.3.3.    Market size and forecast, By Type
7.3.5.3.4.    Market size and forecast, By Application

7.3.5.4.    Spain

7.3.5.4.1.    Socio-Economic & Micro-Macro Indicators
7.3.5.4.2.    Market size and forecast, By Material
7.3.5.4.3.    Market size and forecast, By Type
7.3.5.4.4.    Market size and forecast, By Application

7.3.5.5.    Italy

7.3.5.5.1.    Socio-Economic & Micro-Macro Indicators
7.3.5.5.2.    Market size and forecast, By Material
7.3.5.5.3.    Market size and forecast, By Type
7.3.5.5.4.    Market size and forecast, By Application

7.3.5.6.    Rest of Europe

7.3.5.6.1.    Socio-Economic & Micro-Macro Indicators
7.3.5.6.2.    Market size and forecast, By Material
7.3.5.6.3.    Market size and forecast, By Type
7.3.5.6.4.    Market size and forecast, By Application

7.4.    Asia-Pacific

7.4.1.    Key market trends, growth factors and opportunities
7.4.2.    Market size and forecast, By Material
7.4.3.    Market size and forecast, By Type
7.4.4.    Market size and forecast, By Application
7.4.5.    Market analysis by country

7.4.5.1.    China

7.4.5.1.1.    Socio-Economic & Micro-Macro Indicators
7.4.5.1.2.    Market size and forecast, By Material
7.4.5.1.3.    Market size and forecast, By Type
7.4.5.1.4.    Market size and forecast, By Application

7.4.5.2.    Japan

7.4.5.2.1.    Socio-Economic & Micro-Macro Indicators
7.4.5.2.2.    Market size and forecast, By Material
7.4.5.2.3.    Market size and forecast, By Type

7.4.5.2.4.    Market size and forecast, By Application

7.4.5.3.    India

7.4.5.3.1.    Socio-Economic & Micro-Macro Indicators
7.4.5.3.2.    Market size and forecast, By Material
7.4.5.3.3.    Market size and forecast, By Type
7.4.5.3.4.    Market size and forecast, By Application

7.4.5.4.    Australia

7.4.5.4.1.    Socio-Economic & Micro-Macro Indicators
7.4.5.4.2.    Market size and forecast, By Material
7.4.5.4.3.    Market size and forecast, By Type
7.4.5.4.4.    Market size and forecast, By Application

7.4.5.5.    South Korea

7.4.5.5.1.    Socio-Economic & Micro-Macro Indicators
7.4.5.5.2.    Market size and forecast, By Material
7.4.5.5.3.    Market size and forecast, By Type
7.4.5.5.4.    Market size and forecast, By Application

7.4.5.6.    Rest of Asia-Pacific

7.4.5.6.1.    Socio-Economic & Micro-Macro Indicators
7.4.5.6.2.    Market size and forecast, By Material
7.4.5.6.3.    Market size and forecast, By Type
7.4.5.6.4.    Market size and forecast, By Application

7.5.    LAMEA

7.5.1.    Key market trends, growth factors and opportunities
7.5.2.    Market size and forecast, By Material
7.5.3.    Market size and forecast, By Type
7.5.4.    Market size and forecast, By Application
7.5.5.    Market analysis by country

7.5.5.1.    BRAZIL

7.5.5.1.1.    Socio-Economic & Micro-Macro Indicators
7.5.5.1.2.    Market size and forecast, By Material
7.5.5.1.3.    Market size and forecast, By Type
7.5.5.1.4.    Market size and forecast, By Application

7.5.5.2.    Saudi Arabia

7.5.5.2.1.    Socio-Economic & Micro-Macro Indicators
7.5.5.2.2.    Market size and forecast, By Material
7.5.5.2.3.    Market size and forecast, By Type
7.5.5.2.4.    Market size and forecast, By Application

7.5.5.3.    South Africa

7.5.5.3.1.    Socio-Economic & Micro-Macro Indicators
7.5.5.3.2.    Market size and forecast, By Material
7.5.5.3.3.    Market size and forecast, By Type
7.5.5.3.4.    Market size and forecast, By Application

7.5.5.4.    Rest of LAMEA

7.5.5.4.1.    Socio-Economic & Micro-Macro Indicators
7.5.5.4.2.    Market size and forecast, By Material
7.5.5.4.3.    Market size and forecast, By Type
7.5.5.4.4.    Market size and forecast, By Application

Chapter 8    COMPETITIVE LANDSCAPE

8.1.    Competitive dashboard
8.2.    Market share analysis of top players, 2018 (%)
8.3.    Product mapping of top 10 player
8.4.    Top winning strategies, 2015 - 2018

8.4.1.    Top winning strategies, by year
8.4.2.    Top winning strategies, by development
8.4.3.    Top winning strategies, by company

Chapter 9    COMPANY PROFILES

9.1.    Jinko Solar

9.1.1.    Company overview
9.1.2.    Company snapshot
9.1.3.    Key Executives
9.1.4.    Operating Business Segments & Product Portfolio
9.1.5.    R&D Expenditure
9.1.6.    Business Performance
9.1.7.    Key Strategic Moves and Developments

9.2.    JA Solar Co., Ltd.

9.2.1.    Company overview
9.2.2.    Company snapshot
9.2.3.    Key Executives
9.2.4.    Operating Business Segments & Product Portfolio
9.2.5.    R&D Expenditure
9.2.6.    Business Performance
9.2.7.    Key Strategic Moves and Developments

9.3.    Trina Solar

9.3.1.    Company overview
9.3.2.    Company snapshot
9.3.3.    Key Executives
9.3.4.    Operating Business Segments & Product Portfolio
9.3.5.    R&D Expenditure
9.3.6.    Business Performance
9.3.7.    Key Strategic Moves and Developments

9.4.    LONGI Solar

9.4.1.    Company overview
9.4.2.    Company snapshot
9.4.3.    Key Executives
9.4.4.    Operating Business Segments & Product Portfolio
9.4.5.    R&D Expenditure
9.4.6.    Business Performance
9.4.7.    Key Strategic Moves and Developments

9.5.    Canadian Solar

9.5.1.    Company overview
9.5.2.    Company snapshot
9.5.3.    Key Executives
9.5.4.    Operating Business Segments & Product Portfolio
9.5.5.    R&D Expenditure
9.5.6.    Business Performance
9.5.7.    Key Strategic Moves and Developments

9.6.    Hanwha Q-CELLS

9.6.1.    Company overview
9.6.2.    Company snapshot
9.6.3.    Key Executives
9.6.4.    Operating Business Segments & Product Portfolio
9.6.5.    R&D Expenditure
9.6.6.    Business Performance
9.6.7.    Key Strategic Moves and Developments

9.7.    Risen Energy Co., Ltd.

9.7.1.    Company overview
9.7.2.    Company snapshot
9.7.3.    Key Executives
9.7.4.    Operating Business Segments & Product Portfolio
9.7.5.    R&D Expenditure
9.7.6.    Business Performance
9.7.7.    Key Strategic Moves and Developments

9.8.    GCL SI

9.8.1.    Company overview
9.8.2.    Company snapshot
9.8.3.    Key Executives
9.8.4.    Operating Business Segments & Product Portfolio
9.8.5.    R&D Expenditure
9.8.6.    Business Performance
9.8.7.    Key Strategic Moves and Developments

9.9.    Talesun

9.9.1.    Company overview
9.9.2.    Company snapshot
9.9.3.    Key Executives
9.9.4.    Operating Business Segments & Product Portfolio
9.9.5.    R&D Expenditure
9.9.6.    Business Performance
9.9.7.    Key Strategic Moves and Developments

9.10.    First Solar

9.10.1.    Company overview
9.10.2.    Company snapshot
9.10.3.    Key Executives
9.10.4.    Operating Business Segments & Product Portfolio
9.10.5.    R&D Expenditure
9.10.6.    Business Performance
9.10.7.    Key Strategic Moves and Developments

9.11.    SHARP CORPORATION

9.11.1.    Company overview
9.11.2.    Company snapshot
9.11.3.    Key Executives
9.11.4.    Operating Business Segments & Product Portfolio
9.11.5.    R&D Expenditure
9.11.6.    Business Performance
9.11.7.    Key Strategic Moves and Developments

9.12.    Yingli Solar

9.12.1.    Company overview
9.12.2.    Company snapshot
9.12.3.    Key Executives
9.12.4.    Operating Business Segments & Product Portfolio
9.12.5.    R&D Expenditure
9.12.6.    Business Performance
9.12.7.    Key Strategic Moves and Developments

9.13.    Wuxi Suntech Power Co., Ltd.

9.13.1.    Company overview
9.13.2.    Company snapshot
9.13.3.    Key Executives
9.13.4.    Operating Business Segments & Product Portfolio
9.13.5.    R&D Expenditure
9.13.6.    Business Performance
9.13.7.    Key Strategic Moves and Developments

Chapter 10    APPENDIX
 

 
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 

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