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Global Solar Photovoltaic Panel Manufacturing Market Report 2022, by Technology, by End-Use, by Grid Type

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    Report

  • 250 Pages
  • March 2022
  • Region: Global
  • The Business Research Company
  • ID: 5567138
Solar Photovoltaic Panel Manufacturing Global Market Report 2022 provides strategists, marketers and senior management with the critical information they need to assess the global solar photovoltaic panel manufacturing market.



The report focuses on the solar photovoltaic panel manufacturing market which is experiencing strong growth. The report gives a guide to the solar photovoltaic panel manufacturing market which will be shaping and changing our lives over the next ten years and beyond, including the market's response to the challenge of the global pandemic.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates
  • Create regional and country strategies on the basis of local data and analysis
  • Identify growth segments for investment
  • Outperform competitors using forecast data and the drivers and trends shaping the market
  • Understand customers based on the latest market research findings
  • Benchmark performance against key competitors
  • Utilize the relationships between key data sets for superior strategizing
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Description:


Where is the largest and fastest growing market for the solar photovoltaic panel manufacturing? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Solar Photovoltaic Panel Manufacturing Market Global Report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

  • The Market Characteristics section of the report defines and explains the market
  • The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID-19 virus and forecasting its recovery
  • Market segmentations break down market into sub markets
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth
  • It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers

Scope


Markets Covered:

1) By Technology: Thin Film; Crystalline Silicon; Others
2) By End-Use: Residential; Commercial; Utility-Scale
3) By Grid Type: Grid Connected; Off-Grid

Companies Mentioned: Trina; Canadian Solar; Jinko; Hanwha Q-Cell; SunPowe

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; US

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Afric

Time Series: Five years historic and ten years forecast

Data Segmentations: country and regional historic and forecast data, market share of competitors market segments

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes


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Frequently Asked Questions about the Global Solar Photovoltaic Panel Manufacturing Market

What is the estimated value of the Global Solar Photovoltaic Panel Manufacturing Market?

The Global Solar Photovoltaic Panel Manufacturing Market was estimated to be valued at $209.9 billion in 2022.

What is the growth rate of the Global Solar Photovoltaic Panel Manufacturing Market?

The growth rate of the Global Solar Photovoltaic Panel Manufacturing Market is 18.7%, with an estimated value of $416.87 billion by 2026.

What is the forecasted size of the Global Solar Photovoltaic Panel Manufacturing Market?

The Global Solar Photovoltaic Panel Manufacturing Market is estimated to be worth $416.87 billion by 2026.

Who are the key companies in the Global Solar Photovoltaic Panel Manufacturing Market?

Key companies in the Global Solar Photovoltaic Panel Manufacturing Market include Trina, Canadian Solar, Jinko, Hanwha Q, Cell, SunPower, Panasonic Corporation, Q.ANTUM technology, Mitsubishi Electric and Suntech Power Holding Co. Ltd..

Table of Contents

1. Executive Summary2. Solar Photovoltaic Panel Manufacturing Market Characteristics3. Solar Photovoltaic Panel Manufacturing Market Trends And Strategies4. Impact Of COVID-19 On Solar Photovoltaic Panel Manufacturing
5. Solar Photovoltaic Panel Manufacturing Market Size And Growth
5.1. Global Solar Photovoltaic Panel Manufacturing Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Solar Photovoltaic Panel Manufacturing Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Solar Photovoltaic Panel Manufacturing Market Segmentation
6.1. Global Solar Photovoltaic Panel Manufacturing Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Thin Film
  • Crystalline Silicon
  • Others (Organic and Concentrator Photovoltaics)
6.2. Global Solar Photovoltaic Panel Manufacturing Market, Segmentation By End-Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Residential
  • Commercial
  • Utility-Scale
6.3. Global Solar Photovoltaic Panel Manufacturing Market, Segmentation By Grid Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Grid Connected
  • Off-Grid

7. Solar Photovoltaic Panel Manufacturing Market Regional And Country Analysis
7.1. Global Solar Photovoltaic Panel Manufacturing Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Solar Photovoltaic Panel Manufacturing Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8. Asia-Pacific Solar Photovoltaic Panel Manufacturing Market
8.1. Asia-Pacific Solar Photovoltaic Panel Manufacturing Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Solar Photovoltaic Panel Manufacturing Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8.3. Asia-Pacific Solar Photovoltaic Panel Manufacturing Market, Segmentation By End-Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
9. China Solar Photovoltaic Panel Manufacturing Market
9.1. China Solar Photovoltaic Panel Manufacturing Market Overview
9.2. China Solar Photovoltaic Panel Manufacturing Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
9.3. China Solar Photovoltaic Panel Manufacturing Market, Segmentation By End-Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
10. India Solar Photovoltaic Panel Manufacturing Market
10.1. India Solar Photovoltaic Panel Manufacturing Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
10.2. India Solar Photovoltaic Panel Manufacturing Market, Segmentation By End-Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11. Japan Solar Photovoltaic Panel Manufacturing Market
11.1. Japan Solar Photovoltaic Panel Manufacturing Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11.2. Japan Solar Photovoltaic Panel Manufacturing Market, Segmentation By End-Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12. Australia Solar Photovoltaic Panel Manufacturing Market
12.1. Australia Solar Photovoltaic Panel Manufacturing Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12.2. Australia Solar Photovoltaic Panel Manufacturing Market, Segmentation By End-Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13. Indonesia Solar Photovoltaic Panel Manufacturing Market
13.1. Indonesia Solar Photovoltaic Panel Manufacturing Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13.2. Indonesia Solar Photovoltaic Panel Manufacturing Market, Segmentation By End-Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14. South Korea Solar Photovoltaic Panel Manufacturing Market
14.1. South Korea Solar Photovoltaic Panel Manufacturing Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14.2. South Korea Solar Photovoltaic Panel Manufacturing Market, Segmentation By End-Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15. Western Europe Solar Photovoltaic Panel Manufacturing Market
15.1. Western Europe Solar Photovoltaic Panel Manufacturing Market Overview
15.2. Western Europe Solar Photovoltaic Panel Manufacturing Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15.3. Western Europe Solar Photovoltaic Panel Manufacturing Market, Segmentation By End-Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16. UK Solar Photovoltaic Panel Manufacturing Market
16.1. UK Solar Photovoltaic Panel Manufacturing Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16.2. UK Solar Photovoltaic Panel Manufacturing Market, Segmentation By End-Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17. Germany Solar Photovoltaic Panel Manufacturing Market
17.1. Germany Solar Photovoltaic Panel Manufacturing Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17.2. Germany Solar Photovoltaic Panel Manufacturing Market, Segmentation By End-Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18. France Solar Photovoltaic Panel Manufacturing Market
18.1. France Solar Photovoltaic Panel Manufacturing Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18.2. France Solar Photovoltaic Panel Manufacturing Market, Segmentation By End-Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19. Eastern Europe Solar Photovoltaic Panel Manufacturing Market
19.1. Eastern Europe Solar Photovoltaic Panel Manufacturing Market Overview
19.2. Eastern Europe Solar Photovoltaic Panel Manufacturing Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19.3. Eastern Europe Solar Photovoltaic Panel Manufacturing Market, Segmentation By End-Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20. Russia Solar Photovoltaic Panel Manufacturing Market
20.1. Russia Solar Photovoltaic Panel Manufacturing Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20.2. Russia Solar Photovoltaic Panel Manufacturing Market, Segmentation By End-Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21. North America Solar Photovoltaic Panel Manufacturing Market
21.1. North America Solar Photovoltaic Panel Manufacturing Market Overview
21.2. North America Solar Photovoltaic Panel Manufacturing Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21.3. North America Solar Photovoltaic Panel Manufacturing Market, Segmentation By End-Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22. USA Solar Photovoltaic Panel Manufacturing Market
22.1. USA Solar Photovoltaic Panel Manufacturing Market Overview
22.2. USA Solar Photovoltaic Panel Manufacturing Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22.3. USA Solar Photovoltaic Panel Manufacturing Market, Segmentation By End-Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23. South America Solar Photovoltaic Panel Manufacturing Market
23.1. South America Solar Photovoltaic Panel Manufacturing Market Overview
23.2. South America Solar Photovoltaic Panel Manufacturing Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23.3. South America Solar Photovoltaic Panel Manufacturing Market, Segmentation By End-Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24. Brazil Solar Photovoltaic Panel Manufacturing Market
24.1. Brazil Solar Photovoltaic Panel Manufacturing Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24.2. Brazil Solar Photovoltaic Panel Manufacturing Market, Segmentation By End-Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25. Middle East Solar Photovoltaic Panel Manufacturing Market
25.1. Middle East Solar Photovoltaic Panel Manufacturing Market Overview
25.2. Middle East Solar Photovoltaic Panel Manufacturing Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25.3. Middle East Solar Photovoltaic Panel Manufacturing Market, Segmentation By End-Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26. Africa Solar Photovoltaic Panel Manufacturing Market
26.1. Africa Solar Photovoltaic Panel Manufacturing Market Overview
26.2. Africa Solar Photovoltaic Panel Manufacturing Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26.3. Africa Solar Photovoltaic Panel Manufacturing Market, Segmentation By End-Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
27. Solar Photovoltaic Panel Manufacturing Market Competitive Landscape And Company Profiles
27.1. Solar Photovoltaic Panel Manufacturing Market Competitive Landscape
27.2. Solar Photovoltaic Panel Manufacturing Market Company Profiles
27.2.1. Trina
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Canadian Solar
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Jinko
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Hanwha Q-Cell
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. SunPower
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Solar Photovoltaic Panel Manufacturing Market29. Solar Photovoltaic Panel Manufacturing Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Research Inquiries
30.4. About the Publisher
30.5. Copyright And Disclaimer

Executive Summary

Major players in the solar photovoltaic panel manufacturing market are Trina, Canadian Solar, Jinko, Hanwha Q-Cell, SunPower, Panasonic Corporation, Q.ANTUM technology, Mitsubishi Electric, Suntech Power Holding Co. Ltd., and Vikram Solar.

The global solar photovoltaic panel manufacturing market is expected to grow from $177.20 billion in 2021 to $209.90 billion in 2022 at a compound annual growth rate (CAGR) of 18.5%. The change in growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2021. The market is expected to reach $416.87 billion in 2026 at a CAGR of 18.7%.

The solar photovoltaic panel manufacturing market consists of sales of solar photovoltaic panels for residential or commercial purposes. Photovoltaics (PV) is the technology for converting sunlight into electricity by using semiconductors which are present in PV cells. These PV cells are interconnected to form an array and are mounted to a frame. When the PV cells receives the sun rays, the electrons in the semiconductors are released and their movement generates an electric current. These PV cells are packaged behind glass to form photovoltaic modules with an average service life of 20-40 years.

The main grid types of solar photovoltaic panel manufacturing are grid-connected and off-grid. An installation that is not connected to the electricity grid is referred to as an off-grid solar photovoltaic system. This means that the entire amount of energy generated is stored and used on-site. Off-grid photovoltaic systems rely on energy stored in a battery bank to operate. The various technologies involved are thin-film, crystalline silicon and others that are used by residential, commercial and utility-scale end-users.

Favourable government initiatives such as tax subsidies and huge investments favours the growth of the solar photovoltaic panel manufacturing market. In India, MNRE (Ministry of New and Renewable Energy - Central Government) has set the target to achieve 227 Gigawatts (22,70,00,000 kilowatt) of electricity production from solar PV cells by 31 March 2022. To achieve this target, the Indian government is promoting solar PV cell production through huge investments and policies that influence the solar PV panel manufacturing market directly or indirectly. For instance, the government of India has sectioned an amount of $0.71 billion (5000 crores) for solar subsidies. The Jawaharlal Nehru National Solar Mission scheme is being implemented by IREDA (Indian Renewable Energy Development Agency Ltd.) through NABARD (National Bank for Agriculture and Rural Development). The scheme provides 40% subsidy on capital costs of solar PV systems for units located in both urban and rural areas in India. India is also supported by Asian Development Bank (ADB), which announced a grant of USD 500 million towards rooftop solar PV panel systems, which will help the Indian government increase its renewable energy penetration by using solar energy. Another such example is the Swedish government, under Regulation No. 2009:689, authorizes grants for the installation of on-grid photovoltaic that started in July 2009 or later and is proposed to be completed by 31 December 2020.

The growth of the solar photovoltaic (PV) panel manufacturing market is restricted by unfair trade and sales practices in the market. The unfair trade practices hamper the growth of local industries as well as industries which are trading at a global level. For instance, the entry and sales of solar PV panels manufactured in China into North American and European markets at extremely low prices has led to complaints of unfair trade practices. In the US, the Trump administration have imposed a 30% one-year tariff on the import of solar PV cells to compensate for unfair trade practice, In Europe, the European Commission and the major Chinese manufacturers reached an agreement on the minimum prices and the shipping volume. Further, to curb the losses because of unfair trade practices, the US Department of Commerce established anti-dumping and anti-subsidy duties on Solar PV modules from China.

The solar photovoltaic panel manufacturing market is experiencing a number of significant trends that are focused on improving the rate of power production from the panels. Photovoltaic manufacturers are shifting towards monocrystalline cell technology from the more common multi crystalline cells and modules is a prominent trend faced by the solar photovoltaic panel manufacturing industry. These cells form the building block of photovoltaic panels. Monocrystalline panels have a high-power output, occupy less space, and last long because of the formation of cells in these panels allows more freedom for the electrons to move, resulting in a higher efficiency compared to multi crystalline cells. Many large-developers of solar photovoltaic panels manufacturing market have already increased their production of monocrystalline panels. For instance, monocrystalline solar, with an overall growth rate of 11.1%, is expected to hit $20.5 billion in 2020-2027 marking the emerging trend. Companies such as LONGi Solar, a subsidiary of LONGi Green Energy Technology is leading the mono-crystalline solar module manufacturers market. The company has experienced an increase in sales in the high-efficiency monocrystalline panels’ module segment. Further, companies such as LG Solar and JinkoSolar have also started investing more towards the manufacturing of solar photovoltaic panels with monocrystalline cell technology.

The entities in the solar photovoltaic panel manufacturing market has to abide by the regulatory framework decided by the government of the geographic region they are operating in. Such regulations are created to promote transparency, good faith, and understanding among the players in the market. Solar Energy Industries Association is one such regulatory body that provides guidelines for industries in the US solar energy industry. The SEIA Solar Business Code provides guiding principles for companies to conduct business without any unfair, deceptive, or abusive acts or practices, guidelines related to advertising of the solar products of the company, guidelines related to sales and marketing of the company, and regarding the ownership of Renewable Energy Certificate (“REC”).

In March 2020, LONGi Solar, a Chinese manufacturer of high-efficiency mono-crystalline solar cells and modules acquired Ningbo Jiangbei Yize New Technology for $252.8 million. Through this acquisition LONGi Solar enhances the production capacity to over 10 GW. Ningbo Jiangbei Yize New Technology, a China-based solar manufacturer that develops, manufactures, and distributes solar photovoltaic products.

The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the solar photovoltaic panel manufacturing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Trina
  • Canadian Solar
  • Jinko
  • Hanwha Q-Cell
  • SunPower
  • Panasonic Corporation
  • Q.ANTUM technology
  • Mitsubishi Electric
  • Suntech Power Holding Co. Ltd.
  • Vikram Solar
  • JS Solar
  • First Solar
  • LG Energy
  • Kyocera Corporation
  • Luxen Solar Energy
  • TPL Solar
  • SunLink PV
  • JA Solar
  • Eco Delta
  • REC Solar
  • Suntech

Methodology

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