According to Our latest research report on “Solar Photovoltaic (PV) Panels Market” highlights the substantial global expansion occurring within this sector. The report encompasses projections for the years leading up to 2031, accompanied by a comprehensive analysis of the market’s current size, prevailing trends, market share, and economic insights.
Solar panels generate electricity by using photovoltaic (PV) technology. The solar energy is stored and converted into electricity in the photovoltaic panels. The global solar energy market is expected to grow at a CAGR of 13.7% during 2012 to 2017, and solar panels would play a significant role in the growth of the market. The global PV panel installations surpassed the 100 gigawatt (GW) power generation mark in 2012, which is equivalent to power produced by 1GW nuclear reactor or 16 coal plants annually.
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Nearly 37% of the 3,826 billion kWh electricity generated in 2012 was generated from coal. Increased solar panel installations would reduce the burden on coal. Germany is currently the world leader with 7.6 GW of newly installed systems; however, it is expected that China would be the world leader by 2018 with 15% installations followed by the U.S. The most important factor driving the market growth is that, it reduces CO2 emission. Another factor driving the market growth is that, it increases the production of green energy and saves the depleting coal and natural gas reserves Therefore, governments across the globe understand the importance of promoting renewable sources of energy; therefore, are supporting the installation of solar PV panels. The government support is provided through regulations, tax rebates and feed-in-tariff plans.
However, the key restraints for solar PV panel market is the limited adoption in countries that have reliable and stable grid infrastructure and subsidized electricity charges. Additionally, countries with low income class can’t afford the installation of solar panels as the cost of installation is very high. This is particularly true in the South-East Asian region, as end-users are not provided credit for PV panels as the technology has not established its credentials of being a cost-effective alternative yet. It is expected that technological advances would decrease the cost of PV panel installation over the next five to seven years.
KEY BENEFITS
The in-depth analysis provides market intelligence with respect to segments based on grid types, technologies, end-users and geography
Detailed analysis of the top factors impacting the growth of the market
Value chain analysis provides key inputs on the role of all stakeholders of the market
Porter’s five force analysis informs about the potency of suppliers & buyers, threat of new entrants & substitutes, with competitive scenario of the market
SWOT analysis and recent developments of key players are included in the report so that companies can understand the strategies adopted by competitors and make required changes to their plans
Estimations are calculated according to the current market scenario and projected future trends for the analysis period of 2013-2020 with base revenue of 2012
The report discusses the trends and opportunities in various geographies so that companies can make region specific plans to gain competitive advantage
The key companies profiled in this report are First Solar Inc., Canadian Solar Inc., Jinko Solar Holding Company Ltd., Corporation, Solar Frontier Ltd., Sharp Corporation, Schott Solar Ag., Solar World Ag, Suntech Power Holding Co. Ltd., Sun Power Corporation and Trina Solar Ltd.
KEY MARKET SEGMENTS
BY GRID TYPE
Grid-Connected Solar PV
Off-Grid Solar PV
BY TECHNOLOGY
Thin Film Solar PV
Crystalline Silicon Solar PV
Organic PV
Concentrated PV
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BY END USER
Residential Solar PV
Commercial Solar PV
Government Solar PV
Utility-Scale Solar PV
BY GEOGRAPHY
North America
Europe
Asia-Pacific
Rest of the World (RoW)
Table of Contents:
- Introduction and Scope
- Definition and Forecast Parameters
- Methodology and Forecast Parameters
- Information Sources
- Latest Trends Summary
- Regional Trends
- Product Trends
- End-Use Trends
- Business Trends
- Industry Insights
- Industry Fragmentation
- Industry Landscape
- Vendor Matrix
- Technological and Innovative Landscape
- Market by Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
- Company Profiles
- Company Overview
- Financial Elements
- Product Landscape
- SWOT Analysis
- Systematic Outlook
What Are the Key Data Covered in This Market Report?
- The report may provide data on the current market size, historical data for previous years, and projections for future growth.
- This data may be presented in terms of revenue, market share, or other relevant metrics.
- The report may include data on the segmentation of the market based on various factors such as product type, application, end-user industry, and geography.
- This data helps to understand the market dynamics within different segments
- The report may highlight key trends and drivers that are shaping the market. This can include technological advancements, regulatory changes, consumer behavior, and industry developments.
- Data on these trends and drivers can provide insights into the factors influencing market growth.
- The report may provide data on the competitive landscape of the market, including key players, their market share, and strategies.
- This data helps to assess the competitive intensity and market positioning of different companies operating in the market.
- The report may outline the challenges and opportunities faced by market participants. This can include factors such as regulatory hurdles, competitive pressures, and emerging market opportunities.
- Data on these challenges and opportunities can inform business decisions and strategies.
- The report may provide data on the market performance and trends in different regions or countries. This can include data on market size, growth rate, and key players in each region.
- Regional data helps to understand market dynamics at a local level.
- The report may include data on consumer behavior, preferences, and buying patterns related to patient engagement solutions.
- This data can provide insights into customer needs and expectations, helping businesses tailor their offerings accordingly.
- The report may provide forecasts for the future of the market based on historical data, market trends, and other factors.
- This data helps stakeholders understand the potential growth and opportunities in the market.
Questions & Answers Market Research/Analysis Report Contains to your following:
- What is the current size of the market and how is it expected to grow in the future?
- What are the key drivers influencing market growth?
- What are the major challenges or constraints faced by market participants?
- What are the emerging trends and opportunities in the market?
- Who are the major competitors in the market and what is their market share?
- What are the key customer segments and their preferences within the market?
- What are the regional or geographic trends and variations within the market?
- What are the regulatory and legal factors impacting the market?
- What are the technological advancements or innovations shaping the market?
- What are the pricing trends and strategies observed in the market?
- What are the distribution channels and their effectiveness in reaching the target market?
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