Global Solar Photovoltaic Panels Market – Global Industry Analysis and Forecast 2018-2026
Global Solar Photovoltaic Panels Market was valued USD 118 Bn by 2017 and is estimated to reach approximately USD 320 Bn by 2026 at a CAGR of 13 % during a forecast period of 2018-2026.
Rising need for sustainable energy resources and depleting oil reserves is a major driver for the market growth of solar photovoltaic panel. Solar Photovoltaic is the third most important source of renewable energy after hydro and wind power. Awareness for energy security and self-sufficiency coupled with government legislations is expected to rise solar photovoltaic panels market growth. Solar photovoltaic panels are used for residential rooftop for End Uses such as powering electronic devices, individual gadgets, and vehicle batteries. Countries with low income cannot afford the installation of solar photovoltaic panel. Also countries with reliable and stable grid infrastructure and subsidized electricity charges limits the adoption of solar photovoltaic panel which add restrain to the solar photovoltaic market. Fluctuation in crude oil price, environmental concern of hydro power, and risk of nuclear radiation accidents in nuclear power plants provide a great opportunity for solar power to meet the increasing demand of energy.
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In terms of technology solar photovoltaic panels market is segmented into thin film, crystalline silicon and others. Among these crystalline silicon dominates the solar photovoltaic panels market. But thin film cells shows a prominent growth Owing to advantages of thin film panel over crystalline silicon. Thin film panels employs cadmium or glass substrates and have higher solar conversion efficiency at relatively lower costs as compared to their crystalline silicon.
In terms of end use solar photovoltaic panels market is segmented into residential, commercial and utility scale. Commercial segment is leading the solar photovoltaic market owing to popularity of top roof installation. Commercial and utility scale is expected to gain solar photovoltaic market in a forecast.
In terms of geography solar photovoltaic panels market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. Europe was the largest regional solar panels market 2016. However Europe region has witnessed a sharp decline. Asia Pacific constitute more than half of market. The top five solar photovoltaic markets are China, United States, Japan, India, and United Kingdom, accounting for almost 80% of market.
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Global Solar Photovoltaic Panels Market scope:
Global Solar Photovoltaic Panels Market By Technology Type:
• Thin Film
• Crystalline Silicon
• Others
Global Solar Photovoltaic Panels Market By End Use Type:
• Residential
• Commercial
• Utility-Scale
Global Solar Photovoltaic Panels Market By Region:
• Asia Pacific
• Europe
• North America
• Middle East & Africa
• Latin America
Key Players Analysed in the Global Solar Photovoltaic Panels Market:
• Suntech Power Holding Co. Ltd.
• Sun Power Corporation
• First Solar Inc.
• Yingli Green Energy Holding Co. Ltd.
• Canadian Solar Inc.
• Schott Solar Ag
• Sharp Corporation
• Solar World
• Jinko Solar Holding Company Ltd
• Trina Solar Ltd
• Kaneka Corporation
• Kyocera Corporation
• Panasonic Corporation
• Renesola Co. Ltd
• BP Solar International
Browse Full Report with Facts and Figures of Solar Photovoltaic Panels Market Report at: https://www.maximizemarketresearch.com/market-report/solar-photovoltaic-panels-market/13217/
MAJOR TOC OF THE REPORT
Chapter One: Solar Photovoltaic Panels Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Solar Photovoltaic Panels Market Competition, by Players
Chapter Four: Global Solar Photovoltaic Panels Market Size by Regions
Chapter Five: North America Solar Photovoltaic Panels Revenue by Countries
Chapter Six: Europe Solar Photovoltaic Panels Revenue by Countries
Chapter Seven: Asia-Pacific Solar Photovoltaic Panels Revenue by Countries
Chapter Eight: South America Solar Photovoltaic Panels Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Solar Photovoltaic Panels by Countries
Chapter Ten: Global Solar Photovoltaic Panels Market Segment by Type
Chapter Eleven: Global Solar Photovoltaic Panels Market Segment by Application
Chapter Twelve: Global Solar Photovoltaic Panels Market Size Forecast (2019-2026)
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