Press Release / Environment / Solar Panels Market Share, Current Trends, Comprehensive Analysis and Industry Growth Report Forecast to 2023
Solar Panels Market Share, Current Trends, Comprehensive Analysis and Industry Growth Report Forecast to 2023
By Market Research Future on June 04 2018 | 409 Views
The prime objective of Offshore solar panel market report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges t
Market Scenario
Solar panel is the panel intended to entrap the sun’s rays as a source of energy to generate electricity and heat. It diminishes the amount of electricity produced from fossil fuels by supplying the operations with clean, renewable energy from the sun. Solar panels are also called photovoltaic or PV modules as they directly transform sunlight into electricity. The sun produces enough energy daily to supply 10,000 times the current worldwide electrical needs.
The solar panel market is driven by various factors such as increase in solar systems installations and generous government initiatives and policies that support solar energy generation. This is mainly because, solar panel power generation is less polluting and produces less carbon emissions when compared with traditional conventional energy sources such as coal, oil and petroleum. Solar power generation is helping in the fight against climate change as well as it is acting as a source of power for remote and off grid areas where still millions of global population lives. However, the growth of the market can be hindered by the low power generation capacity of the solar panels and increasing stringent regulations on the land used for solar power generation sites.
Key Players
SunPower Corporation
eSolar, Inc.
Canadian Solar Inc.
Jinko Solar Holding Co., Ltd.
JA Solar Holdings Co., Ltd.
Hanwha Q CELLS Co., Ltd.
ABROS green GmbH
Yingli Solar
Abengoa Solar
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Scope of the Report:
This study provides an overview of the global solar panels market, tracking three market segments across four geographic regions. The report studies key players, providing a six-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global solar panels market by its application, by module type, by technology and by regions.
By Technology
Solar PV
CSP
By Module Type
Parabolic Troughs
Linear Fresnel Reflectors
Power Towers
Parabolic Dishes
Crystalline
Thin Film
By Application
Residential
Commercial
Utilities
By Region
North America
Asia Pacific
Europe
Rest of the World
Table Of Content
1 Company profiles
Competitive Scenario 82
Competitive Landscape 82
Partnerships And Collaborations. 83
New Product Development. 84
Expansions 85
Trina Solar 86
Company Overview 86
Product/Service Offering 87
Financial Overview 88
Strategy 89
Global Analysis:
The global solar panel market is increasing tremendously in influence of major drivers such as global environmental concerns, future energy supply security, increasing investment in clean energy, and low operating cost of a solar power plant. In the last five years (2011-2016), solar PV registered 34.1% average annual growth rate and CSP achieved 22%. Currently, the market for solar PV is bigger than CSP, mainly due to huge investment, research and development, and initiatives taken by the government. However, CSP technologies are expected to grow at a faster rate in future as new markets such as China, India, Brazil, Canada, Germany, and France open up. At the end of 2016, cumulative installed capacities of CSP and solar PV were 4.8 GW and 303 GW, respectively.
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