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Solar Power Equipment Market, by Equipment (Solar Panels, Mounting, Racking, & Tracking System, Storage System, and Others) and Application (Residential, Nonresidential, and Utility): Global Opportunity Analysis and Industry Forecast, 2018 - 2025

  • ID: 4656202
  • Report
  • September 2018
  • Region: Global
  • 194 pages
  • Allied Analytics LLP
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Solar Power Equipment Market Overview:

The global solar power equipment market was valued at $76,270.6 million in 2017, and is projected to reach $188,304.0 million in 2025, growing at a CAGR of 12.5%. Solar power equipment are mounted on ground or rooftop to harness the sun’s energy and convert it into electricity for further use by industrial, utility, commercial, or residential sector. Various types of solar power equipment include solar panels, solar batteries, solar mounting & racking system, solar trackers, solar inverters, and others.

Solar energy serves as a clean and environment-friendly energy source, which is anticipated to propel the demand for solar power equipment globally. In addition, solar photovoltaic (PV) rooftop system is a potential green technology, which combats climatic changes by decreasing dependence on conservative fossil fuel-based energy. Moreover, they help to meet the energy needs of residential and nonresidential buildings by providing electricity within an existing distribution network. However, high dependency on solar radiation and constant changes in weather conditions are the major challenges faced by the solar power equipment industry. On the contrary, improvements in technology are anticipated to offer lucrative opportunities for the players in the industry.

The global solar power equipment market is segmented based on equipment, application, and region. On the basis of equipment, the market is fragmented into solar panels, mounting, racking, & tracking system, storage system, and others. The solar panels segment is anticipated to dominate the global solar power equipment market throughout the study period. By application, it is categorized into residential, nonresidential, and utility. The utility segment is projected to grow at the highest rate in the near future.

The global solar power equipment market is analyzed across four geographical regions, which include North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). Asia-Pacific is expected to dominate the market throughout the forecast period.
The key players profiled in this report include ABB Group, Canadian Solar, First Solar Inc., Hanwha Q CELLS, JA Solar, JinkoSolar, LONGi Solar, Shunfeng International, SunPower Corporation, and Trina Solar.

Key Benefits for Solar Power Equipment Market:
  • The study provides an in-depth analysis of the global solar power equipment market, and current & future trends to elucidate the imminent investment pockets.
  • Information about the key drivers, restraints, and opportunities and their impact on the market is provided.
  • Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
  • The quantitative analysis of the global solar power equipment market from 2017 to 2025 is provided to determine the market potential.
Solar Power Equipment Key Market Segments:

By Equipment
  • Solar Panels
  • Mounting, Racking, & Tracking System
  • Storage System
  • Others
By Application
  • Residential
  • Nonresidential
  • Utility
By Region
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa
KEY MARKET PLAYERS PROFILED IN THE REPORT
  • ABB Group
  • Canadian Solar
  • First Solar Inc.
  • Hanwha Q CELLS
  • JA Solar
  • Jinko Solar
  • LONGi Solar
  • Shunfeng International
  • SunPower Corporation
  • Trina Solar
Note: Product cover images may vary from those shown
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CHAPTER 1: INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS FOR STAKEHOLDERS
1.3. KEY MARKET SEGMENTS
1.4. KEY MARKET PLAYERS
1.5. RESEARCH METHODOLOGY
1.5.1. Secondary research
1.5.2. Primary research
1.5.3. Analyst tools & models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. KEY FINDINGS:
2.2. CXO PERSPECTIVE

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
3.2.3. Top Winning Strategies, By Year, 2016-2018*
3.2.4. Top Winning Strategies, By Company, 2016-2018*
3.3. PORTER'S FIVE FORCES ANALYSIS
3.4. MARKET DYNAMICS
3.4.1. Drivers
3.4.1.1. Rise in demand for clean energy
3.4.1.2. Favorable government policies and incentives
3.4.1.3. Lowering prices of solar power equipment
3.4.2. Restraints
3.4.2.1. Large dependency on suns radiation
3.4.2.2. High initial cost and installation cost of equipment
3.4.3. Opportunity
3.4.3.1. Innovative technological advancements

CHAPTER 4: SOLAR POWER EQUIPMENT MARKET, BY EQUIPMENT
4.1. MARKET OVERVIEW
4.1.1. Market size and forecast, by equipment
4.2. SOLAR PANELS
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market size and forecast, by country
4.3. MOUNTING, RACKING, & TRACKING SYSTEM
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market size and forecast, by country
4.4. STORAGE SYSTEM
4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market size and forecast, by country
4.5. OTHERS
4.5.1. Key market trends, growth factors and opportunities
4.5.2. Market size and forecast, by region
4.5.3. Market size and forecast, by country

CHAPTER 5: SOLAR POWER EQUIPMENT MARKET, BY APPLICATION
5.1. MARKET OVERVIEW
5.1.1. Market size and forecast, by application
5.2. RESIDENTIAL
5.2.1. Key market trends, growth and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market size and forecast, by country
5.3. NON-RESIDENTIAL
5.3.1. Key market trends, growth and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market size and forecast, by country
5.4. UTILITY
5.4.1. Key market trends, growth and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market size and forecast, by country

CHAPTER 6: SOLAR POWER EQUIPMENT MARKET, BY REGION
6.1. MARKET OVERVIEW
6.1.1. Market size and forecast by region
6.2. NORTH AMERICA
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by equipment
6.2.3. Market size and forecast, by application
6.2.4. Market size and forecast, by country
6.2.4.1. U.S.
6.2.4.1.1. U.S., market size and forecast by equipment
6.2.4.1.2. U.S., market size and forecast, by application
6.2.4.2. Canada
6.2.4.2.1. Canada market size and forecast, by equipment
6.2.4.2.2. Canada market size and forecast, by application
6.2.4.3. Mexico
6.2.4.3.1. Mexico market size and forecast, by equipment
6.2.4.3.2. Mexico market size and forecast, by application
6.3. EUROPE
6.3.1. Key market trends, growth factors and opportunities
6.3.2. Europe market size and forecast, by equipment
6.3.3. Europe market size and forecast, by application
6.3.4. Europe market size and forecast, by country
6.3.4.1. Germany
6.3.4.1.1. Germany market size and forecast, by equipment
6.3.4.1.2. Germany market size and forecast, by application
6.3.4.2. France
6.3.4.2.1. France market size and forecast, by equipment
6.3.4.2.2. France market size and forecast, by application
6.3.4.3. UK
6.3.4.3.1. UK market size and forecast, by equipment
6.3.4.3.2. UK market size and forecast, by application
6.3.4.4. Italy
6.3.4.4.1. Italy market size and forecast, by equipment
6.3.4.4.2. Italy market size and forecast, by application
6.3.4.5. Rest of Europe
6.3.4.5.1. Rest of Europe market size and forecast, by equipment
6.3.4.5.2. Rest of Europe market size and forecast, by application
6.4. ASIA-PACIFIC
6.4.1. Key market trends, growth factors and opportunities
6.4.2. Asia-Pacific market size and forecast, by equipment
6.4.3. Asia-Pacific market size and forecast, by application
6.4.4. Asia-Pacific market size and forecast, by country
6.4.4.1. China
6.4.4.1.1. China market size and forecast, by equipment
6.4.4.1.2. China market size and forecast, by application
6.4.4.2. Japan
6.4.4.2.1. Japan market size and forecast, by equipment
6.4.4.2.2. Japan market size and forecast, by application
6.4.4.3. South Korea
6.4.4.3.1. South Korea market size and forecast, by equipment
6.4.4.3.2. South Korea market size and forecast, by application
6.4.4.4. India
6.4.4.4.1. India market size and forecast, by equipment
6.4.4.4.2. India market size and forecast, by application
6.4.4.5. Rest of Asia-Pacific
6.4.4.5.1. Rest of Asia-Pacific market size and forecast, by equipment
6.4.4.5.2. Rest of Asia-Pacific market size and forecast, by application
6.5. LAMEA
6.5.1. Key market trends, growth factors and opportunities
6.5.2. LAMEA market size and forecast, by equipment
6.5.3. LAMEA market size and forecast, by application
6.5.4. LAMEA market size and forecast, by country
6.5.4.1. Latin America
6.5.4.1.1. Latin America market size and forecast, by equipment
6.5.4.1.2. Latin America market size and forecast, by application
6.5.4.2. Middle East
6.5.4.2.1. Middle East market size and forecast, by equipment
6.5.4.2.2. Middle East market size and forecast, by application
6.5.4.3. Africa
6.5.4.3.1. Africa market size and forecast, by equipment
6.5.4.3.2. Africa market size and forecast, by application

CHAPTER 7: COMPANY PROFILE
7.1. ABB LTD
7.1.1. Company overview
7.1.2. Company snapshot
7.1.3. Operating business segments
7.1.4. Product portfolio
7.1.5. Business performance
7.1.6. Key strategic moves and developments
7.2. CANADIAN SOLAR INC.
7.2.1. Company overview
7.2.2. Company snapshot
7.2.3. Operating business segments
7.2.4. Product portfolio
7.2.5. Business performance
7.2.6. Key strategic moves and developments
7.3. FIRST SOLAR, INC.
7.3.1. Company overview
7.3.2. Company snapshot
7.3.3. Operating business segments
7.3.4. Product portfolio
7.3.5. Business performance
7.3.6. Key strategic moves and developments
7.4. HANWHA Q CELLS CO., LTD.
7.4.1. Company overview
7.4.2. Company snapshot
7.4.3. Product portfolio
7.4.4. Business performance
7.4.5. Key strategic moves and developments
7.5. JA SOLAR CO., LTD.
7.5.1. Company overview
7.5.2. Company snapshot
7.5.3. Product portfolio
7.5.4. Key strategic moves and developments
7.6. JINKOSOLAR HOLDING CO., LTD.
7.6.1. Company overview
7.6.2. Company snapshot
7.6.3. Product portfolio
7.6.4. Business performance
7.6.5. Key strategic moves and developments
7.7.LONGI GREEN ENERGY TECHNOLOGY CO., LTD.
7.7.1. Company overview
7.7.2. Company snapshot
7.7.3. Product portfolio
7.7.4. Business performance
7.7.5. Key strategic moves and developments
7.8. SHUNFENG INTERNATIONAL
7.8.1. Company overview
7.8.2. Company snapshot
7.8.3. Operating business segments
7.8.4. Product portfolio
7.8.5. Business performance
7.9. SUNPOWER CORPORATION
7.9.1. Company overview
7.9.2. Company snapshot
7.9.3. Operating business segments
7.9.4. Business performance
7.9.5. Key strategic moves and developments
7.10. TRINA SOLAR
7.10.1. Company overview
7.10.2. Company snapshot
7.10.3. Product portfolio
7.10.4. Key strategic moves and developments
Note: Product cover images may vary from those shown
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According to a new report titled, Solar Power Equipment Market: Global Opportunity Analysis and Industry Forecast, 2018 - 2025, the global solar power equipment market size was $76,270.6 million in 2017, and is projected to reach $188,304.0 million in 2025, growing at a CAGR of 12.5%. The utility segment accounted for more than half of the market share in 2017, and is expected to witness significant growth during the forecast period.

Suns energy can be harnessed by using solar power equipment such as photovoltaic (PV) cells, solar trackers, solar inverters, and others. These equipment serve as an eco-friendly solution, as they aid in curbing carbon emission and combat climate changes. The growth of the global solar power equipment market is driven by rise in construction projects and surge in demand for electricity across of the world. In addition, the ability of home solar panels to improve carbon footprint and to reduce electric bill are expected to provide remunerative opportunity for the growth of the solar power equipment industry. Furthermore, rise in demand for electricity has augmented the need for concentrated solar power systems. Efficient conversion of solar energy into useable energy forms has enhanced the demand for monocrystalline and polycrystalline silicon cells. However, constant fluctuations in climate conditions hinder the solar power equipment industry growth, specifically in snowfall- and rainfall-prone regions.

Based on the application, the utility segment is expected to account for the largest share in the global market during the forecast period, due to increase in investments to initiate large-scale solar power projects in North American and Asia-Pacific. Based on the equipment segment, solar panels is expected to hold maximum share, growing at a significant CAGR during the forecast period. This is attributed to decline in cost of panels, which in turn has propelled their adoption in residential and commercial segments.

Key Findings of Solar Power Equipment Market:

Based on application, the residential segment is projected to grow at the highestCAGR of 13.3% during the forecast period.
Asia-Pacific generated the highest revenue in 2017,and is anticipated to grow at a significant CAGR.
The solar panel segment generated the highest revenue in 2017,and is estimated to grow at the rate of 12.2%.
In Asia-Pacific, China accounted for the largest market share in 2017.

The key players profiled in this report include ABB Group, Canadian Solar, First Solar Inc., Hanwha Q CELLS, JA Solar, JinkoSolar, LONGi Solar, Shunfeng International, SunPower Corporation, and Trina Solar.
Note: Product cover images may vary from those shown
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The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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