Solar Energy Market by Technology, Solar Module, Generation and Application - Global Opportunity Analysis & Industry Forecast, 2014-2022

  • ID: 4176069
  • Report
  • 400 pages
  • Allied Analytics LLP
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FEATURED COMPANIES

  • Abengoa Solar S.A.
  • Acciona Energia S.A.
  • Bright source Energy Inc.
  • Canadian Solar Inc.
  • Esolar Inc.
  • Gintech Energy Corp.
  • MORE
Solar Energy Market by Technology (Photovoltaic Cells and Concentrated Solar Power Systems), Solar Module (Monocrystalline, Polycrystalline, Cadmium Telluride, Amorphous Silicon Cells, and Others), Generation (First, Second, and Third), and Application (Agriculture & Horticulture, Architecture, Transportation, and Others)

The global solar energy industry is expected to reach $422 billion by 2022 from $86 billion in 2015, growing at a CAGR of 24.2% from 2016 to 2022. Solar energy is the radiant heat emitted from the sun, which is harnessed by using a wide range of technologies such as solar heating, photovoltaic cells, artificial photosynthesis, and others. It is an efficient renewable energy, and assists to mitigate greenhouse emissions.

Increase in pollution and market assisting programs such as feed in tariffs & renewable certificates have fueled the demand for solar energy with application in various domestic, industrial, and commercial applications. Photovoltaic cells have majorly driven the solar energy market owing to increase in rooftop installations and government subsidies such as feed-in tariffs that provide significant support for industrial growth. The crystalline forms of silicone cells have witnessed the major market share in 2015 owing to lower installation cost, high efficiency, and longevity. Amorphous silicon cells segment is expected to show significant growth during the forecast period owing to increase in utilization in solar panels. The agriculture & horticulture segment fueled the demand for solar collectors owing to increase in production of cultivable crops, thereby boosting the growth of the solar energy market. In addition, rise in globalization has surged the demand for solar panels in the architectural sector.

Asia-Pacific regions such as China and Japan have been the major market drivers for solar energy market owing to its growth in installations and governmental tax incentives, followed by North America and Europe. However, climatic conditions; geographical positioning; and technological advancements in other renewable forms of energy such as turbines and generators equipped with fish movement equipment for hydroelectricity generation are expected to hinder the market growth. Research and development in third-generation solar modules such as perovskite silicon cells and low installation cost of first- and second-generation solar modules are projected to boost the demand for solar cells.

Top players in solar energy market include

Abengoa Solar S.A.
Acciona Energia S.A.
Wuxi Suntech Power Co. Ltd.
Bright source Energy Inc.
Esolar Inc.
Gintech Energy Corp.
Kaneka Corp.
Sunpower Corporation
Canadian Solar Inc.
Tata Power Solar

KEY BENEFITS FOR STAKEHOLDERS

This report entails the detailed quantitative analysis of current trends and future estimations from 2014 to 2022 that assist to identify the prevailing market opportunities to capitalize on the global solar energy market.
In-depth coverage of the drivers, restraints, and opportunities helps professionals to better understand the market behavior.
Detailed study of the strategies of key leaders, partnerships, and acquisitions in the market is provided.
Porter’s Five Forces analysis examines the competitive structure of the market and assists strategists in better decision-making.
Pinpoint analysis of geographical segments helps to identify opportunities for growth within the market.

KEY MARKET SEGMENTS

By Technology

Photovoltaic Cells
Inorganic
Organic
Concentrated Solar Power Systems
Parabolic Troughs
Solar Tower
Others

By Solar Module

Monocrystalline Silicon Cells
Polycrystalline Silicon Cells
Cadmium Telluride
Amorphous Silicon Cells
Others (CIGS)

By Generation

First Generation
Second Generation
Third Generation

By Application

Agriculture & Horticulture
Architecture
Transportation
Others

By Geography

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
Chile
Israel
South Africa
Rest of LAMEA
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Abengoa Solar S.A.
  • Acciona Energia S.A.
  • Bright source Energy Inc.
  • Canadian Solar Inc.
  • Esolar Inc.
  • Gintech Energy Corp.
  • MORE
Chapter 1 Introduction

1.1. Report Description
1.2. Key Benefits For Stakeholders
1.3. Key Market Segments

Chapter 2 Executive Summary

2.1. CXO Perspective

Chapter 3 Market Overview

3.1. Market Definition And Scope
3.2. Solar Energy Incentive Programs

3.2.1. Solar Renewable Energy Certificates (Srec)
3.2.2. Feed In Tariffs (Fit)

3.3. Key Findings

3.3.1. Top Investment Pockets
3.3.2. Top Winning Strategy

3.4. Porter's Five Force's Analysis

3.4.1. Moderate Bargaining Power Of Buyers
3.4.2. Low Bargaining Power Of Suppliers
3.4.3. High Threat Of New Entrants
3.4.4. Low Threat Of Substitutes
3.4.5. High Intensity Of Competitive Rivalry

3.5. Market Dynamics

3.5.1. Drivers

3.5.1.1. Decrease In Price Of Solar Modules.
3.5.1.2. Increase In Legislative And Financial Initiatives

3.5.2. Restraints

3.5.2.1. Conversion Efficiency Of Pv System Technology
3.5.2.2. Energy Inefficiency For Broad Commercialization Of Thin Film Solar Technologies

3.5.3. Opportunities

3.5.3.1. Research And Development In Solar Cell Technologies.
3.5.3.2. Solar Storage Systems

Chapter 4 Global Solar Energy Market, By Technology

4.1. Overview

4.1.1. Market Size And Forecast

4.2. Photovoltaic Cells

4.2.1. Key Market Trends, Growth Factor And Opportunities
4.2.2. Market Size And Forecast
4.2.3. Organic Photovoltaic Technology

4.2.3.1. Market Size And Forecast

4.2.4. Inorganic Photovoltaic Technology

4.2.4.1. Market Size And Forecast

4.3. Concentrated Solar Power Systems

4.3.1. Key Market Trends, Growth Factors And Opportunities
4.3.2. Market Size And Forecast
4.3.3. Parabolic Throughs

4.3.3.1. Market Size And Forecast

4.3.4. Solar Power Towers

4.3.4.1. Market Size And Forecast

4.3.5. Others

4.3.5.1. Market Size And Forecast

Chapter 5 Global Solar Energy Market, By Solar Module

5.1. Overview

5.1.1. Market Size And Forecast

5.2. Monocystalline Silicon

5.2.1. Key Market Trends, Growth Factors And Opportunities
5.2.2. Market Size And Forecast

5.3. Polycrystalline Silicon

5.3.1. Key Market Trends, Growth Factors And Opportunities
5.3.2. Market Size And Forecast

5.4. Cadmium Telluride

5.4.1. Key Market Trends, Growth Opportunity And Forecast
5.4.2. Market Size And Forecast

5.5. Amorphous Silicon

5.5.1. Key Market Trends, Growth Factors And Opportunities
5.5.2. Market Size And Forecast

5.6. Others (Cigs)

5.6.1. Key Market Trends, Growth Factors And Opportunities
5.6.2. Market Size And Forecast

Chapter 6 Global Solar Energy Market , By Generation

6.1. Overview

6.1.1. Market Size And Forecast

6.2. First Generation

6.2.1. Key Market Trends, Growth Factors, And Opportunities
6.2.2. Market Size And Forecast

6.3. Second Generation

6.3.1. Key Market Trends, Growth Factors And Opportunities
6.3.2. Market Size And Forecast

6.4. Third Generation

6.4.1. Key Market Trends, Growth Factors And Opportunities
6.4.2. Market Size And Forecast

Chapter 7 Global Solar Energy Market, By Application

7.1. Overview

7.1.1. Market Size And Forecast

7.2. Agriculture And Horticulture

7.2.1. Key Market Trends, Growth Factors And Opportunities
7.2.2. Market Size And Forecast

7.3. Architecture

7.3.1. Key Market Trends, Growth Factors And Opportunities
7.3.2. Market Size And Forecast

7.4. Transportation

7.4.1. Key Market Trends, Growth Factors And Opportunities
7.4.2. Market Size And Forecast

7.5. Others

7.5.1. Key Market Trends, Growth Factors And Opportunities
7.5.2 Market Size And Forecast

Chapter 8 Global Solar Energy Market, By Geography

8.1. Overview

8.1.1. Market Size And Forecast

8.2. North America

8.2.1. Key Market Trends, Growth Factors And Opportunities
8.2.2. Market Size And Forecast
8.2.3. U.S.

8.2.3.1. Market Size And Forecast

8.2.4. Canada

8.2.4.1. Market Size And Forecast

8.2.5. Mexico

8.2.5.1. Market Size And Forecast

8.3. Europe

8.3.1. Key Market Trends, Growth Factors And Opportunities
8.3.2. Market Size And Forecast
8.3.3. Uk

8.3.3.1. Market Size And Forecast

8.3.4. Germany

8.3.4.1. Market Size And Forecast

8.3.5. France

8.3.5.1. Market Size And Forecast

8.3.6. Spain

8.3.6.1. Market Size And Forecast

8.3.7. Italy

8.3.7.1. Market Size And Forecast

8.3.8. Rest Of Europe

8.3.8.1. Market Size And Forecast

8.4. Asia-Pacific

8.4.1. Key Market Trends Growth Factors And Opportunities
8.4.2. Market Size And Forecast
8.4.3. India

8.4.3.1. Market Size And Forecast

8.4.4. China

8.4.4.1. Market Size And Forecast

8.4.5. Japan

8.4.5.1. Market Size And Forecast

8.4.6. South Korea

8.4.6.1. Market Size And Forecast

8.4.7. Australia

8.4.7.1. Market Size And Forecast

8.4.8. Rest Of Asia-Pacific

8.5. Lamea

8.5.1. Key Market Trends, Growth Factors And Opportunities
8.5.2. Market Size And Forecast
8.5.3. Chile

8.5.3.1. Market Size And Forecast

8.5.4. Israel

8.5.4.1. Market Size And Forecast

8.5.5. South Africa

8.5.5.1. Market Size And Forecast

8.5.6. Rest Of Lamea

8.5.6.1. Market Size And Forecast

Chapter 9 Company Profiles

9.1. Abengoa

9.1.1. Company Overview
9.1.2. Operating Business Segments
9.1.3. Business Performance
9.1.4. Key Strategies And Developments

9.2. Acciona Energia S.A.

9.2.1. Company Overview
9.2.2. Operating Business Segments
9.2.3. Business Performance
9.2.4. Key Strategies And Developments

9.3. Wuxi Suntech Power

9.3.1. Company Overview
9.3.2. Operating Business Segments
9.3.3. Business Performance
9.3.4. Key Strategies And Developments

9.4. Bright Source Energy Inc Ltd

9.4.1. Company Overview
9.4.2. Operating Business Segments
9.4.3. Business Performance
9.4.4. Key Strategies And Developments

9.5. Esolar Inc

9.5.1. Company Overview
9.5.2. Operating Business Segments
9.5.3. Business Performance
9.5.4. Key Strategies And Developments

9.6. Gintech Energy Corp

9.6.1. Company Overview
9.6.2. Operating Business Segments
9.6.3. Business Performance
9.6.4. Key Strategies And Developments

9.7. Kaneka Group

9.7.1. Company Overview
9.7.2. Operating Business Segments
9.7.3. Business Performance
9.7.4. Key Strategies And Developments

9.8. Sunpower Corporation

9.8.1. Company Overview
9.8.2. Operating Business Segments
9.8.3. Business Performance
9.8.4. Key Strategies And Developments

9.9. Canadian Solar Inc

9.9.1. Company Overview
9.9.2. Operating Business Segments
9.9.3. Business Performance
9.9.4. Key Strategies And Developments

9.10. Tata Power Solar

9.10.1. Company Overview
9.10.2. Operating Business Segments
9.10.3. Business Performance
9.10.4. Key Strategies And Developments
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Abengoa Solar S.A.
  • Acciona Energia S.A.
  • Bright source Energy Inc.
  • Canadian Solar Inc.
  • Esolar Inc.
  • Gintech Energy Corp.
  • MORE
According to a new report titled, Solar Energy Market by Technology, Solar Module, Generation and Application: Global Opportunity Analysis and Industry Forecast, 2014-2022", the solar energy market was valued at $86 billion in 2015, and is projected to reach $422 billion by 2022, growing at a CAGR of 24.2% from 2016 to 2022. Based on application, architecture occupied more than two-fifths share in 2015.

Solar energy system is used to harness the energy emitted from the sun. It is an efficient renewable energy, and mitigates environmental risks that arise from greenhouse gas emissions.

The global rise in demand for alternative energy source has propelled the demand for solar energy. Moreover, market assisting programs and government incentives for rooftop installations of solar panels drive the growth of the market, with increasing applications in residential, nonresidential, and commercial sectors. However, geographical footprint has affected the growth of solar energy market, owing to decrease in conversion efficiency of solar panels. Increase in governmental tariff plans and renewable energy certificates such as solar energy renewable certificates (SREC) are expected to drive the market growth. In addition, investments in R&D to develop high-efficiency third-generation solar modules such as perovskites is projected to provide growth opportunities for the market.

Increase in installations of rooftop solar panels positively impacts the growth of the solar energy market. Photovoltaic cells have gained major traction owing to increase in applications in residential and nonresidential sector for electricity generation. Furthermore, increase in installation of concentrated solar power systems (CSPs) in forms of parabolic troughs and solar power towers is anticipated to fuel the growth of the market, owing to increase in application for electricity generation. Photovoltaic cells segment has dominated the market in 2015. The concentrated solar power systems segment is expected to grow at a CAGR of 41.6% during the forecast period. Polycrystalline silicon cells occupied more than half of the total share in 2015. The agriculture & horticulture segment is expected to grow at a CAGR of 25.9% during the study period.

Key Findings of the Solar Energy Market:

The photovoltaic cell technology is expected to grow at a CAGR of 23.1% from 2016 to 2022.
The organic and inorganic photovoltaic cells segments are expected to register CAGRs of 26.6% and 23.1%, respectively.
The parabolic troughs under concentrated solar power systems is expected to grow at a CAGR of 41.8% during the analysis period.
The amorphous silicon cells segment is expected to grow at a CAGR of 28.4%.
The third-generation solar module segment is anticipated to register a CAGR of 42.7%.
North America is expected to register a CAGR of 25.2% during the analysis period.
In Asia-Pacific, China expected to grow at a high CAGR of 24.7%.
LAMEA is projected to grow at a CAGR of 25.7% during the analysis period, owing to increase in photovoltaic installations. Furthermore, tax incentives for rooftop installations in Asia-Pacific region, such as India, is expected to drive the market growth. The photovoltaic cells segment in India is expected to grow at a CAGR of 24.0%.

Top players in operating in the market include Abengoa Solar S.A., Acciona Energia S.A., Wuxi Suntech Power Co. Ltd., Bright Source Energy Inc., Esolar Inc., Gintech Energy Corp., Kaneka Corp., Sunpower Corporation, Canadian Solar Inc., and Tata Power Solar.
Note: Product cover images may vary from those shown
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  • Abengoa Solar S.A.
  • Acciona Energia S.A.
  • Wuxi Suntech Power Co. Ltd.
  • Bright source Energy Inc.
  • Esolar Inc.
  • Gintech Energy Corp.
  • Kaneka Corp.
  • Sunpower Corporation
  • Canadian Solar Inc.
  • Tata Power Solar
Note: Product cover images may vary from those shown
6 of 5
Note: Product cover images may vary from those shown
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