World Solar Photovoltaic (PV) Panel Market - Opportunities and Forecasts, 2014 - 2022

  • ID: 3773566
  • Report
  • Region: Global
  • 220 pages
  • Allied Analytics LLP
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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. 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.

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 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

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

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)

KEY AUDIENCES

Solar Energy Equipment Manufacturers, Dealers And Wholesalers
System Integrators
Academic And Research Institutes
Government Departments
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Note: Product cover images may vary from those shown
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Chapter: 1. INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENT
1.4. RESEARCH METHODOLOGY
1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tool & Model

CHAPTER: 2. EXECUTIVE SUMMARY
2.1. MARKET SNAPSHOT
2.2. CXO PERSPECTIVES

CHAPTER: 3. MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top Investment Pockets
3.2.2. Top Winning Strategies
3.3. PORTERS FIVE FORCES ANALYSIS
3.4. MARKET DYNAMICS
3.4.1. Drivers
3.4.1.1. Increase demand for solar photovoltaic (PV) among residential applications
3.4.1.2. Increase in government initiatives and programs promoting market growth
3.4.2. Restraints
3.4.2.1. Rise in grid connection issues and interconnection delays
3.4.2.2. Insufficient grid capacity posing hurdle for set up of new plants
3.4.3. Opportunities
3.4.3.1. Increase in the price of fossil fuels
3.5. MARKET SHARE ANALYSIS, 2016 (%)

CHAPTER: 4. GLOBAL SOLAR PHOTOVOLTAIC (PV) PANELS MARKET, BY TECHNOLOGY
4.1. INTRODUCTION
4.1.1. Market Size and Forecast
4.2. THIN FILM
4.2.1. Key Market Trends, Growth Factors and Opportunities
4.2.2. Market Size and Forecast
4.3. CRYSTALLINE
4.3.1. Key Market Trends, Growth Factors and Opportunities
4.3.2. Market Size and Forecast
4.3.3. Monocrystalline
4.3.3.1. Market Size and Forecast
4.3.4. Microcrystalline
4.3.4.1. Market Size and Forecast
4.4. OTHERS (ORGANIC AND CONCENTRATOR)
4.4.1. Key Market Trends, Growth Factors and Opportunities
4.4.2. Market Size and Forecast

CHAPTER: 5. GLOBAL SOLAR PHOTOVOLTAIC (PV) PANELS MARKET, BY GRID TYPE
5.1. INTRODUCTION
5.1.1. Market Size and Forecast
5.2. GRID CONNECTED
5.2.1. Key Market Trends, Growth Factors and Opportunities
5.2.2. Market Size and Forecast
5.2.3. Centralized
5.2.3.1. Market Size and Forecast
5.2.4. Decentralized
5.2.4.1. Market Size and Forecast
5.3. OFF GRID
5.3.1. Key Market Trends, Growth Factors and Opportunities
5.3.2. Market Size and Forecast

CHAPTER: 6. GLOBAL SOLAR PHOTOVOLTAIC (PV) PANELS MARKET, BY END-USE
6.1. INTRODUCTION
6.1.1. Market Size and Forecast
6.2. RESIDENTIAL
6.2.1. Key Market Trends, Growth Factors and Opportunities
6.2.2. Market Size and Forecast
6.3. COMMERCIAL
6.3.1. Key Market Trends, Growth Factors and Opportunities
6.3.2. Market Size and Forecast
6.4. UTILITY SCALE
6.4.1. Key Market Trends, Growth Factors and Opportunities
6.4.2. Market Size and Forecast

CHAPTER: 7. GLOBAL SOLAR PHOTOVOLTAIC (PV) PANELS MARKET, BY GEOGRAPHY
7.1. INTRODUCTION
7.1.1. Market Size and Forecast
7.2. NORTH AMERICA
7.2.1. Key Market Trends, Growth Factors and Opportunities
7.2.2. Market Size and Forecast
7.2.3. U.S.
7.2.3.1. Market size and forecast, by end-use
7.2.4. Canada
7.2.4.1. Market size and forecast, by end-use
7.2.5. Mexico
7.2.5.1. Market size and forecast, by end-use
7.3. EUROPE
7.3.1. Key Market Trends, Growth Factors and Opportunities
7.3.2. Market Size and Forecast
7.3.3. Germany
7.3.3.1. Market size and forecast, by end-use
7.3.4. France
7.3.4.1. Market size and forecast, by end-use
7.3.5. UK
7.3.5.1. Market size and forecast, by end-use
7.3.6. Spain
7.3.6.1. Market size and forecast, by end-use
7.3.7. Italy
7.3.7.1. Market size and forecast, by end-use
7.3.8. Rest of Europe
7.3.8.1. Market size and forecast, by end-use
7.4. ASIA-PACIFIC
7.4.1. Key Market Trends, Growth Factors and Opportunities
7.4.2. Market Size and Forecast
7.4.3. India
7.4.3.1. Market size and forecast, by end-use
7.4.4. China
7.4.4.1. Market size and forecast, by end-use
7.4.5. Japan
7.4.5.1. Market size and forecast, by end-use
7.4.6. Australia
7.4.6.1. Market size and forecast, by end-use
7.4.7. Korea
7.4.7.1. Market size and forecast, by end-use
7.4.8. Rest of Asia-Pacific
7.4.8.1. Market size and forecast, by end-use
7.5. LAMEA
7.5.1. Key Market Trends, Growth Factors and Opportunities
7.5.2. Market Size and Forecast
7.5.3. Brazil
7.5.3.1. Market size and forecast, by end-use
7.5.4. Chile
7.5.4.1. Market size and forecast, by end-use
7.5.5. South Africa
7.5.5.1. Market size and forecast, by end-use
7.5.6. Rest of LAMEA
7.5.7. Market size and forecast, by end-use

CHAPTER: 8. COMPANY PROFILES
8.1. SUNTECH POWER HOLDING CO. LTD
8.1.1. Company Overview
8.1.2. Company Snapshot
8.1.3. Operating Business Segments
8.1.4. Business Performance
8.1.5. Key Strategic Moves and Developments
8.2. SUN POWER CORPORATION
8.2.1. Company Overview
8.2.2. Company Snapshot
8.2.3. Operating Business Segments
8.2.4. Business Performance
8.2.5. Key Strategic Moves and Developments
8.3. FIRST SOLAR INC
8.3.1. Company Overview
8.3.2. Company Snapshot
8.3.3. Operating Business Segments
8.3.4. Business Performance
8.3.5. Key Strategic Moves and Developments
8.4. YINGLI GREEN ENERGY HOLDING CO. LTD
8.4.1. Company Overview
8.4.2. Company Snapshot
8.4.3. Operating Business Segments
8.4.4. Business Performance
8.4.5. Key Strategic Moves and Developments
8.5. CANADIAN SOLAR INC
8.5.1. Company Overview
8.5.2. Company Snapshot
8.5.3. Operating Business Segments
8.5.4. Business Performance
8.5.5. Key Strategic Moves and Developments
8.6. SCHOTT SOLAR AG
8.6.1. Company Overview
8.6.2. Company Snapshot
8.6.3. Operating Business Segments
8.6.4. Business Performance
8.6.5. Key Strategic Moves and Developments
8.7. SHARP CORPORATION
8.7.1. Company Overview
8.7.2. Company Snapshot
8.7.3. Operating Business Segments
8.7.4. Business Performance
8.7.5. Key Strategic Moves and Developments
8.8. SOLAR WORLD AG
8.8.1. Company Overview
8.8.2. Company Snapshot
8.8.3. Operating Business Segments
8.8.4. Business Performance
8.8.5. Key Strategic Moves and Developments
8.9. JINKO SOLAR HOLDING COMPANY LTD
8.9.1. Company Overview
8.9.2. Company Snapshot
8.9.3. Operating Business Segments
8.9.4. Business Performance
8.9.5. Key Strategic Moves and Developments
8.10. TRINA SOLAR LTD
8.10.1. Company Overview
8.10.2. Company Snapshot
8.10.3. Operating Business Segments
8.10.4. Business Performance
8.10.5. Key Strategic Moves and Developments

List of Tables
Table 1. Global Solar Photovoltaic (Pv) Panels Market Value, By Technology, 2015-2023 ($Million)
Table 2. Global Solar Photovoltaic (Pv) Panels Market Volume, By Technology, 2015-2023 (Mw)
Table 3. Global Thin Film Solar Photovoltaic (Pv) Panels Market Value, By Region, 2015-2023 ($Million)
Table 4. Global Thin Film Solar Photovoltaic (Pv) Panels Market Volume, By Region, 2015-2023 (Mw)
Table 5. Global Crystalline Solar Photovoltaic (Pv) Panels Market Value, By Region, 2015-2023 ($Million)
Table 6. Global Crystalline Solar Photovoltaic (Pv) Panels Market Volume, By Region, 2015-2023 (Mw)
Table 7. Global Monocrystalline Solar Photovoltaic (Pv) Panels Market Value, By Region, 2015-2023 ($Million)
Table 8. Global Monocrystalline Solar Photovoltaic (Pv) Panels Market Volume, By Region, 2015-2023 (Mw)
Table 9. Global Microcrystalline Solar Photovoltaic (Pv) Panels Market Value, By Region, 2015-2023 ($Million)
Table 10. Global Microcrystalline Solar Photovoltaic (Pv) Panels Market Volume, By Region, 2015-2023 (Mw)
Table 11. Global Others Solar Photovoltaic (Pv) Panels Market Value, By Region, 2015-2023 ($Million)
Table 12. Global Others Solar Photovoltaic (Pv) Panels Market Volume, By Region, 2015-2023 (Mw)
Table 13. Global Solar Photovoltaic (Pv) Panels Market Value, By Grid Type, 2015-2023 ($Million)
Table 14. Global Solar Photovoltaic (Pv) Panels Market Volume, By Grid Type, 2015-2023 (Mw)
Table 15. Global Grid Connected Solar Photovoltaic (Pv) Panels Market Value, By Region, 2015-2023 ($Million)
Table 16. Global Grid Connected Solar Photovoltaic (Pv) Panels Market Volume, By Region, 2015-2023 (Mw)
Table 17. Global Centralized Solar Photovoltaic (Pv) Panels Market Value, By Region, 2015-2023 ($Million)
Table 18. Global Centralized Solar Photovoltaic (Pv) Panels Market Volume, By Region, 2015-2023 (Mw)
Table 19. Global Decentralized Solar Photovoltaic (Pv) Panels Market Value, By Region, 2015-2023 ($Million)
Table 20. Global Decentralized Solar Photovoltaic (Pv) Panels Market Volume, By Region, 2015-2023 (Mw)
Table 21. Global Off Grid Solar Photovoltaic (Pv) Panels Market Value, By Region, 2015-2023 ($Million)
Table 22. Global Off Grid Solar Photovoltaic (Pv) Panels Market Volume, By Region, 2015-2023 (Mw)
Table 23. Global Solar Photovoltaic (Pv) Panels Market Value, By End-USe, 2015-2023 ($Million)
Table 24. Global Solar Photovoltaic (Pv) Panels Market Volume, By End-USe, 2015-2023 (Mw)
Table 25. Global Residential Solar Photovoltaic (Pv) Panels Market Value, By Region, 2015-2023 ($Million)
Table 26. Global Residential Solar Photovoltaic (Pv) Panels Market Volume, By Region, 2015-2023 (Mw)
Table 27. Global Commercial Solar Photovoltaic (Pv) Panels Market Value, By Region, 2015-2023 ($Million)
Table 28. Global Commercial Solar Photovoltaic (Pv) Panels Market Volume, By Region, 2015-2023 (Mw)
Table 29. Global Utility Scale Solar Photovoltaic (Pv) Panels Market Value, By Region, 2015-2023 ($Million)
Table 30. Global Utility Scale Solar Photovoltaic (Pv) Panels Market Volume, By Region, 2015-2023 (Mw)
Table 31. Global Solar Photovoltaic (Pv) Panels Market Value, By Region, 2015-2023 ($Million)
Table 32. Global Solar Photovoltaic (Pv) Panels Market Volume, By Region, 2015-2023 (Mw)
Table 33. North America Solar Photovoltaic (Pv) Panels Market Value, By Technology, 2015-2023 ($Million)
Table 34. North America Solar Photovoltaic (Pv) Panels Market Volume, By Technology, 2015-2023 (Mw)
Table 35. North America Crystalline Solar Photovoltaic (Pv) Panels Market Value, By Technology, 2015-2023 ($Million)
Table 36. North America Crystalline Solar Photovoltaic (Pv) Panels Market Volume, By Technology, 2015-2023 (Mw)
Table 37. North America Solar Photovoltaic (Pv) Panels Market Value, By Grid Type, 2015-2023 ($Million)
Table 38. North America Solar Photovoltaic (Pv) Panels Market Volume, By Grid Type, 2015-2023 (Mw)
Table 39. North America Grid-Connected Solar Photovoltaic (Pv) Panels Market Value, By Grid Type, 2015-2023 ($Million)
Table 40. North America Grid-Connected Solar Photovoltaic (Pv) Panels Market Volume, By Grid Type, 2015-2023 (Mw)
Table 41. North America Solar Photovoltaic (Pv) Panels Market Value, By End-USe, 2015-2023 ($Million)
Table 42. North America Solar Photovoltaic (Pv) Panels Market Volume, By End-USe, 2015-2023 (Mw)
Table 43. North America Solar Photovoltaic (Pv) Panels Market Value, By Country, 2015-2023 ($Million)
Table 44. North America Solar Photovoltaic (Pv) Panels Market Volume, By Country, 2015-2023 (Mw)
Table 45. U.S. Solar Photovoltaic (Pv) Panels Market Value, By End-USe, 2015-2023 ($Million)
Table 46. U.S. Solar Photovoltaic (Pv) Panels Market Volume, By End-USe, 2015-2023 (Mw)
Table 47. Canada Solar Photovoltaic (Pv) Panels Market Value, By End-USe, 2015-2023 ($Million)
Table 48. Canada Solar Photovoltaic (Pv) Panels Market Volume, By End-USe, 2015-2023 (Mw)
Table 49. Mexico Solar Photovoltaic (Pv) Panels Market Value, By End-USe, 2015-2023 ($Million)
Table 50. Mexico Solar Photovoltaic (Pv) Panels Market Volume, By End-USe, 2015-2023 (Mw)
Table 51. Europe Solar Photovoltaic (Pv) Panels Market Value, By Technology, 2015-2023 ($Million)
Table 52. Europe Solar Photovoltaic (Pv) Panels Market Volume, By Technology, 2015-2023 (Mw)
Table 53. Europe Crystalline Solar Photovoltaic (Pv) Panels Market Value, By Technology, 2015-2023 ($Million)
Table 54. Europe Crystalline Solar Photovoltaic (Pv) Panels Market Volume, By Technology, 2015-2023 (Mw)
Table 55. Europe Solar Photovoltaic (Pv) Panels Market Value, By Grid Type, 2015-2023 ($Million)
Table 56. Europe Solar Photovoltaic (Pv) Panels Market Volume, By Grid Type, 2015-2023 (Mw)
Table 57. Europe Grid-Connected Solar Photovoltaic (Pv) Panels Market Value, By Grid Type, 2015-2023 ($Million)
Table 58. Europe Grid-Connected Solar Photovoltaic (Pv) Panels Market Volume, By Grid Type, 2015-2023 (Mw)
Table 59. Europe Solar Photovoltaic (Pv) Panels Market Value, By End-USe, 2015-2023 ($Million)
Table 60. Europe Solar Photovoltaic (Pv) Panels Market Volume, By End-USe, 2015-2023 (Mw)
Table 61. Europe Solar Photovoltaic (Pv) Panels Market Value, By Country, 2015-2023 ($Million)
Table 62. Europe Solar Photovoltaic (Pv) Panels Market Volume, By Country, 2015-2023 (Mw)
Table 63. France Solar Photovoltaic (Pv) Panels Market Value, By End-USe, 2015-2023 ($Million)
Table 64. France Solar Photovoltaic (Pv) Panels Market Volume, By End-USe, 2015-2023 (Mw)
Table 65. Germany Solar Photovoltaic (Pv) Panels Market Value, By End-USe, 2015-2023 ($Million)
Table 66. Germany Solar Photovoltaic (Pv) Panels Market Volume, By End-USe, 2015-2023 (Mw)
Table 67. UK Solar Photovoltaic (Pv) Panels Market Value, By End-USe, 2015-2023 ($Million)
Table 68. UK Solar Photovoltaic (Pv) Panels Market Volume, By End-USe, 2015-2023 (Mw)
Table 69. Spain Solar Photovoltaic (Pv) Panels Market Value, By End-USe, 2015-2023 ($Million)
Table 70. Spain Solar Photovoltaic (Pv) Panels Market Volume, By End-USe, 2015-2023 (Mw)
Table 71. Italy Solar Photovoltaic (Pv) Panels Market Value, By End-USe, 2015-2023 ($Million)
Table 72. Italy Solar Photovoltaic (Pv) Panels Market Volume, By End-USe, 2015-2023 (Mw)
Table 73. Rest Of Europe Solar Photovoltaic (Pv) Panels Market Value, By End-USe, 2015-2023 ($Million)
Table 74. Rest Of Europe Solar Photovoltaic (Pv) Panels Market Volume, By End-USe, 2015-2023 (Mw)
Table 75. Asia-Pacific Solar Photovoltaic (Pv) Panels Market Value, By Technology, 2015-2023 ($Million)
Table 76. Asia-Pacific Solar Photovoltaic (Pv) Panels Market Volume, By Technology, 2015-2023 (Mw)
Table 77. Asia-Pacific Crystalline Solar Photovoltaic (Pv) Panels Market Value, By Technology, 2015-2023 ($Million)
Table 78. Asia-Pacific Crystalline Solar Photovoltaic (Pv) Panels Market Volume, By Technology, 2015-2023 (Mw)
Table 79. Asia-Pacific Solar Photovoltaic (Pv) Panels Market Value, By Grid Type, 2015-2023 ($Million)
Table 80. Asia-Pacific Solar Photovoltaic (Pv) Panels Market Volume, By Grid Type, 2015-2023 (Mw)
Table 81. Asia-Pacific Grid-Connected Solar Photovoltaic (Pv) Panels Market Value, By Grid Type, 2015-2023 ($Million)
Table 82. Asia-Pacific Grid-Connected Solar Photovoltaic (Pv) Panels Market Volume, By Grid Type, 2015-2023 (Mw)
Table 83. Asia-Pacific Solar Photovoltaic (Pv) Panels Market Value, By End-USe, 2015-2023 ($Million)
Table 84. Asia-Pacific Solar Photovoltaic (Pv) Panels Market Volume, By End-USe, 2015-2023 (Mw)
Table 85. Asia-Pacific Solar Photovoltaic (Pv) Panels Market Value, By Country, 2015-2023 ($Million)
Table 86. Asia-Pacific Solar Photovoltaic (Pv) Panels Market Volume, By Country, 2015-2023 (Mw)
Table 87. India Solar Photovoltaic (Pv) Panels Market Value, By End-USe, 2015-2023 ($Million)
Table 88. India Solar Photovoltaic (Pv) Panels Market Volume, By End-USe, 2015-2023 (Mw)
Table 89. China Solar Photovoltaic (Pv) Panels Market Value, By End-USe, 2015-2023 ($Million)
Table 90. China Solar Photovoltaic (Pv) Panels Market Volume, By End-USe, 2015-2023 (Mw)
Table 91. Japan Solar Photovoltaic (Pv) Panels Market Value, By End-USe, 2015-2023 ($Million)
Table 92. Japan Solar Photovoltaic (Pv) Panels Market Volume, By End-USe, 2015-2023 (Mw)
Table 93. Korea Solar Photovoltaic (Pv) Panels Market Value, By End-USe, 2015-2023 ($Million)
Table 94. Korea Solar Photovoltaic (Pv) Panels Market Volume, By End-USe, 2015-2023 (Mw)
Table 95. Australia Solar Photovoltaic (Pv) Panels Market Value, By End-USe, 2015-2023 ($Million)
Table 96. Australia Solar Photovoltaic (Pv) Panels Market Volume, By End-USe, 2015-2023 (Mw)
Table 97. Rest Of Asia-Pacific Solar Photovoltaic (Pv) Panels Market Value, By End-USe, 2015-2023 ($Million)
Table 98. Rest Of Asia-Pacific Solar Photovoltaic (Pv) Panels Market Volume, By End-USe, 2015-2023 (Mw)
Table 99. Lamea Solar Photovoltaic (Pv) Panels Market Value, By Technology, 2015-2023 ($Million)
Table 100. Lamea Solar Photovoltaic (Pv) Panels Market Volume, By Technology, 2015-2023 (Mw)
Table 101. Lamea Crystalline Solar Photovoltaic (Pv) Panels Market Value, By Technology, 2015-2023 ($Million)
Table 102. Lamea Crystalline Solar Photovoltaic (Pv) Panels Market Volume, By Technology, 2015-2023 (Mw)
Table 103. Lamea Solar Photovoltaic (Pv) Panels Market Value, By Grid Type, 2015-2023 ($Million)
Table 104. Lamea Solar Photovoltaic (Pv) Panels Market Volume, By Grid Type, 2015-2023 (Mw)
Table 105. Lamea Grid-Connected Solar Photovoltaic (Pv) Panels Market Value, By Grid Type, 2015-2023 ($Million)
Table 106. Lamea Grid-Connected Solar Photovoltaic (Pv) Panels Market Volume, By Grid Type, 2015-2023 (Mw)
Table 107. Lamea Solar Photovoltaic (Pv) Panels Market Value, By End-USe, 2015-2023 ($Million)
Table 108. Lamea Solar Photovoltaic (Pv) Panels Market Volume, By End-USe, 2015-2023 (Mw)
Table 109. Lamea Solar Photovoltaic (Pv) Panels Market Value, By Country, 2015-2023 ($Million)
Table 110. Lamea Solar Photovoltaic (Pv) Panels Market Volume, By Country, 2015-2023 (Mw)
Table 111. Brazil Solar Photovoltaic (Pv) Panels Market Value, By End-USe, 2015-2023 ($Million)
Table 112. Brazil Solar Photovoltaic (Pv) Panels Market Volume, By End-USe, 2015-2023 (Mw)
Table 113. Chile Solar Photovoltaic (Pv) Panels Market Value, By End-USe, 2015-2023 ($Million)
Table 114. Chile Solar Photovoltaic (Pv) Panels Market Volume, By End-USe, 2015-2023 (Mw)
Table 115. South Africa Solar Photovoltaic (Pv) Panels Market Value, By End-USe, 2015-2023 ($Million)
Table 116. South Africa Solar Photovoltaic (Pv) Panels Market Volume, By End-USe, 2015-2023 (Mw)
Table 117. Rest Of Lamea Solar Photovoltaic (Pv) Panels Market Value, By End-USe, 2015-2023 ($Million)
Table 118. Rest Of Lamea Solar Photovoltaic (Pv) Panels Market Volume, By End-USe, 2015-2023 (Mw)
Table 119. Suntech Power Holding Co. Ltd: Company Snapshot
Table 120. Suntech Power Holding Co. Ltd: Operating Segments
Table 121. Sun Power Corporation: Company Snapshot
Table 122. Sun Power Corporation: Operating Segments
Table 123. First Solar Inc: Company Snapshot
Table 124. First Solar Inc: Operating Segments
Table 125. Yingli Green Energy Holding Co. Ltd: Company Snapshot
Table 126. Yingli Green Energy Holding Co. Ltd: Operating Segments
Table 127. Canadian Solar Inc: Company Snapshot
Table 128. Canadian Solar Inc: Operating Segments
Table 129. Schott Solar Ag: Company Snapshot
Table 130. Schott Solar Ag: Operating Segments
Table 131. Sharp Corporation: Company Snapshot
Table 132. Sharp Corporation: Operating Segments
Table 133. Solar World Ag: Company Snapshot
Table 134. Solar World Ag: Operating Segments
Table 135. Jinko Solar Holding Company Ltd: Company Snapshot
Table 136. Jinko Solar Holding Company Ltd: Operating Segments
Table 137. Trina Solar Ltd: Company Snapshot
Table 138. Trina Solar Ltd: Operating Segments

List of Figures
Figure 1. Global Solar Photovoltaic (Pv) Panels Market: Segmentation
Figure 2. Global Solar Photovoltaic (Pv) Panels Market Share, By Technology, 2016 (%)
Figure 3. Top Investment Pockets, By End-USe
Figure 4. Top Winning Strategies
Figure 5. Bargaining Power Of Suppliers
Figure 6. Bargaining Power Of Buyers
Figure 7. Threat Of New Entrants
Figure 8. Threat Of Substitutes
Figure 9. Competitive Rivalry
Figure 10. U.S. Solar Photovoltaic (Pv) Panels Market Value, 2015-2023 ($Million)
Figure 11. Canada Solar Photovoltaic (Pv) Panels Market Value, 2015-2023 ($Million)
Figure 12. Mexico Solar Photovoltaic (Pv) Panels Market Value, 2015-2023 ($Million)
Figure 13. France Solar Photovoltaic (Pv) Panels Market Value, 2015-2023 ($Million)
Figure 14. Germany Solar Photovoltaic (Pv) Panels Market Value, 2015-2023 ($Million)
Figure 15. UK Solar Photovoltaic (Pv) Panels Market Value, 2015-2023 ($Million)
Figure 16. Spain Solar Photovoltaic (Pv) Panels Market Value, 2015-2023 ($Million)
Figure 17. Italy Solar Photovoltaic (Pv) Panels Market Value, 2015-2023 ($Million)
Figure 18. Rest Of Europe Solar Photovoltaic (Pv) Panels Market Value, 2015-2023 ($Million)
Figure 19. India Solar Photovoltaic (Pv) Panels Market Value, 2015-2023 ($Million)
Figure 20. China Solar Photovoltaic (Pv) Panels Market Value, 2015-2023 ($Million)
Figure 21. Japan Solar Photovoltaic (Pv) Panels Market Value, 2015-2023 ($Million)
Figure 22. Korea Solar Photovoltaic (Pv) Panels Market Value, 2015-2023 ($Million)
Figure 23. Australia Solar Photovoltaic (Pv) Panels Market Value, 2015-2023 ($Million)
Figure 24. Rest Of Asia-Pacific Solar Photovoltaic (Pv) Panels Market Value, 2015-2023 ($Million)
Figure 25. Brazil Solar Photovoltaic (Pv) Panels Market Value, 2015-2023 ($Million)
Figure 26. Chile Solar Photovoltaic (Pv) Panels Market Value, 2015-2023 ($Million)
Figure 27. South Africa Solar Photovoltaic (Pv) Panels Market Value, 2015-2023 ($Million)
Figure 28. Rest Of Lamea Solar Photovoltaic (Pv) Panels Market Value, 2015-2023 ($Million)
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according to a new report. titled, "Solar Photovoltaic (PV) Panels Market by Technology, Grid-Type and End-Use: Global Opportunity Analysis and Industry Forecast, 2017-2023" the solar photovoltaic panels market was valued at $118,704 million in 2016, and is projected to reach $307,204 million by 2023, growing at a CAGR of 15.0% from 2017 to 2023. The crystalline silicon solar photovoltaic segment accounted for maximum share of total market share in 2016.

Solar photovoltaics are electronic devices that convert sunlight directly into electricity. Solar cells are tightly packed behind a glass sheet to protect them from the environment. Photovoltaic cells are internally connected together to form a photovoltaic module. The number of cells that are interconnected are dependent on the type of application. The solar trackers are deployed efficiently on the solar panel to improve the efficiency of the solar cell. The efficiency is improved by approximately 20% in winters and 50% in summers by deployment of solar tracker.

At present, the global solar photovoltaic panels market witnesses numerous opportunities, owing to rapid increase in development of renewable power in Asia-Pacific and LAMEA to cope up with the increase in electricity demand. In addition, the market is driven by domestic content laws and rise in photovoltaic panel installation projects owing to expiration of federal investment tax credit (ITC). Moreover, in the developed economies such as the U.S., solar photovoltaic has proved to be an economic alternative at the time of peak power needs. In addition, the success of distributed solar and rapidly reducing cost has led some U.S. utilities to establish their own solar installations such as residential and community projects. However, high panel installation cost hinders the market growth. But the ongoing developments leads to improved technology and efficiency as the quantity of material being deployed in solar cells has reduced initial costs.

The crystalline silicon solar photovoltaic segment accounted for the maximum share, in terms of volume, in 2016. Moreover, this segment witnesses strong demand in countries such as China and Japan owing to the strong development of the residential rooftop segment and increased demand for high-efficiency products. In addition, monocrystalline technology is expected to witness strong growth owing to technological advancements and greater solar efficiency.

Key Findings of the Solar Photovoltaic (PV) Panels Market:

In terms of value, the mono-crystalline solar photovoltaic segment is anticipated to exhibit the highest growth rate of 15.9% during the analysis period.
Asia-Pacific is anticipated to lead the market in 2023, and is projected to grow with a CAGR of 19.5%, in terms of value.
The utility scale type segment occupied nearly half of the total market in 2016.
Brazil occupied nearly half of the total LAMEA solar photovoltaic panels market in 2016.
In terms of value, Japan is expected to grow at a CAGR of 19.1% from 2017 to 2023.

In 2016, Europe accounted for nearly half of the total solar photovoltaic panels market, and is expected to continue this trend, owing to rapid solar photovoltaic installations, specifically in China, India, Japan, and the other developing countries.

The major companies profiled in the report include 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 Ag, Jinko Solar Holding Company Ltd. Corporation, and Trina Solar Ltd.
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