Solar Panels Market Size, Share, And Trends Analysis Report By Technology (Concentrated Solar Power, Solar PV) By Application (Commercial, Residential, Industrial) By Module type (Thin Film, Crystalline) By Grid Connectivity (On-Grid, Off-Grid) Based On Region, And Segment Forecasts, 2022 - 2028

  • Report ID: BMRC 624 | Number of pages: 192 | Published Date: Jan 2022

    Published | Category: Energy And Mining | Delivery Timeline: 48 hrs

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Market Size Forecast Scenarios (Optimistic, Baseline and Pessimistic) 2021-2027

Solar Panels Market is valued at USD 182.02 Billion in 2021 and is expected to reach USD 902.55 Billion by 2028 with a CAGR of 25.7% over the forecast period.

The Detailed Market intelligence report on the Solar Panels Market applies the most effective of each primary and secondary analysis to weighs upon the competitive landscape and also the outstanding market players expected to dominate the Solar Panels Market place for the forecast 2021– 2028.

Scope of The Solar Panels Market Report:-

The solar panels aren’t just used for residential applications on rooftops however they are used widely also for the applications like the powering of individual gadgets, electronic devices as well as vehicle batteries. Such increased applications of solar panels are boosting the global market growth.

Solar panels are the panels that are designed for absorbing the rays of the sun as a source of the energy for generating heating and electricity. It lessens the amount of electricity that is coming from fossil fuels for operating with renewable and clean energy from the sun. The solar panels are further called PV modules or photovoltaic as it is directly converting the light of the sun into electricity. There is enough energy which is produced from the sun for being able to produce the electric needs of the world and a considerable portion more than that.

The panels are being packaged and connected assembly of the solar cells which are generated and supply the solar electricity in residential and commercial applications. Earlier in the days, the commercial first use for the solar cells has been powering the satellites. These are the various levels of quality for the solar panels with various efficiencies as well as cost factors.

Solar Panels Companies

The major players of the global solar panels market are,

  • ABROS green GmbH (Germany)
  • Jinko Solar Holding Co. Ltd. (China)
  • Canadian Solar Inc. (Canada)
  • Yingli Solar (China)
  • SunPower Corporation (U.S.A)
  • Abengoa Solar (Spain)
  • eSolar Inc. (U.S.A
  • Solar Limited (China)
  • Hanwha Q CELLS Co. Ltd. (South Korea)
  • JA Solar Holdings Co. Ltd. (China)
  • And Other Company's are also contributing

Solar Panels Market

Global Solar Panels Market Segmentation Analysis:

By Technology

  • Concentrated Solar Power
  • Solar PV

By Application

  • Commercial
  • Residential
  • Industrial

By Module type

  • Thin Film
  • Crystalline

By Grid Connectivity

  • On-Grid
  • Off-Grid

Rise In Rooftop Application Driving The Global Solar Panels Market

There has been an increase in the demand for solar panels in rooftop applications in the residence. There is a major fall in prices for the major components like polysilicon and silver which are used for making the solar cells. The solar panels are not something that creates noise and does not make any of the emissions. The drop in the prices for the industrial commodities have been used for the making of solar panels as well as the higher expectations of price for the natural gas and electricity are the major factors which are driving the growth of the solar panels in the period of forecast. An increase in the price of electricity in combination with the cheaper panels has been driving the market of solar panels.

The issue which restricts this growth of solar energy is that it is not something that works at night as the battery. There is a problem of the cloudy weather and the climatic changes may disturb the work of the solar panels in the daytime.

North America To See Maximum Growth In The Global Solar Panels Market

The global solar panels market has been expected to witness the high growth of the period of forecast. The region of North America in the market for solar panels has been growing very quickly particularly due to the growth of the solar applications in the residence in the United States. In the previous year, the solar produced energy had accounted for a lot of the electricity generated in the United States as per the Energy Information Administration of the United States.

Asia-Pacific has been expected to show the fastest amount of growth in the period of forecast. There is a visible shift in the production of solar panels from the United States to India and China because of the low cost of manufacturing.

Report Analysis Details
Historical data 2015 - 2020
Forecast Period 2021 - 2028
Market Size in 2021: USD 182.02 Billion 
Base year considered 2020
Forecast Period CAGR %:

25.7% 

Market Size Expected in 2028: USD 902.55 Billion 
Tables, Charts & Figures: 175
Pages 200
Solar Panels Manufacturers ABROS green GmbH (Germany), Jinko Solar Holding Co. Ltd. (China), Canadian Solar Inc. (Canada), Yingli Solar (China), SunPower Corporation (U.S.A), Abengoa Solar (Spain), eSolar Inc. (U.S.A), Solar Limited (China), Hanwha Q CELLS Co. Ltd. (South Korea), JA Solar Holdings Co. Ltd. (China), And Other
Segments Covered  By Technology,  By Application, By Module Type, By Grid Connectivity
Regional Analysis North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa

Key Benefits of Global solar panels Industry Report:

  • Global solar panel Industry report covers in-depth historical and forecast analysis.
  • Global solar panels Industry research report provides detailed information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, metaverse trends, Solar Panels Manufacturers, Market Opportunities, Competitive Analysis, Regional and Country Level.
  • Global solar panel Industry report helps to identify opportunities in the marketplace.
  • Global solar panels Industry report covers extensive analysis of emerging trends and competitive landscape.

On Special Requirement solar panels Market Report is also available for below region:

North America

  • U.S.
  • Canada

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Sweden
  • Netherland
  • Turkey
  • Switzerland
  • Belgium
  • Rest of Europe

Asia-Pacific

  • South Korea
  • Japan
  • China
  • India
  • Australia
  • Philippines
  • Singapore
  • Malaysia
  • Thailand
  • Indonesia
  • Rest Of APAC

Latin America

  • Mexico
  • Colombia
  • Brazil
  • Argentina
  • Peru
  • Rest of South America

Middle East and Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest Of MEA


Frequently Asked Questions (FAQ) :
Solar Panels Market Size, Share Set to Register USD 902.55 Billion by 2028 with the CAGR of 25.7% over the forecast period.
ABROS green GmbH (Germany), Jinko Solar Holding Co. Ltd. (China), Canadian Solar Inc. (Canada), Yingli Solar (China), SunPower Corporation (U.S.A), Abengoa Solar (Spain), eSolar Inc. (U.S.A), Solar Limited (China), Hanwha Q CELLS Co. Ltd. (South Korea), JA Solar Holdings Co. Ltd. (China), And Other
Solar Panels Market is valued at USD 182.02 Billion in 2021
Rise In Rooftop Application Driving The Global Solar Panels Market
North America To See Maximum Growth In The Global Solar Panels Market.



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Solar Panel Market Share, Size, Trends, And Industry Growth By 2028

report cover

Table of Content

Chapter 1 Global Solar Panels Market: Summary and Quantitative Analysis
1.1 Report Description
1.2 Global Solar Panels Market Revenue Overview
1.3 Global Solar Panels Market Revenue (USD Billion) and Growth (%) Rate, 2015- 2025

Chapter 2 Global Solar Panels Market: Overview and Qualitative Analysis
2.1 Executive Summary
2.2 Market Drivers
2.3 Market Restraints
2.4 Market Opportunities
2.5 Market Trends
2.6 Global Solar Panels Market: SWOT Analysis
2.7 Global Solar Panels Market: PEST Analysis
2.7 Global Solar Panels Market: Porter’s Five Forces Analysis
2.8 Global Solar Panels Market: Attractiveness Analysis
2.8.1 Global Solar Panels Market: Attractiveness Analysis by Type
2.8.2 Global Solar Panels Market: Attractiveness Analysis by Grade
2.8.3 Global Solar Panels Market: Attractiveness Analysis by Regional

Chapter 3 Competitive Analysis
3.1 Global Solar Panels Market
3.1.1 Global Solar Panels market Revenue (USD Billion), By Players 2018
3.1.2 Global Solar Panels Market Revenue Share (%), By Players 2018

Chapter 5 Global Solar Panels Market: By Product Type
5.1 Global Solar Panels Market Share (%), By Product Type, 2018
5.2 Global Solar Panels Market Revenue (USD Billion), By Product Type, 2015 – 2025
5.3 Global Solar Panels Market Revenue (USD Billion), By Retro,2015-2025
5.4 Global Solar Panels Market Revenue (USD Billion), 2015-2025
5.4 Global Solar Panels Market Revenue (USD Billion), 2015-2025
5.5 Global Solar Panels Market Revenue Share (%), By Product Type, 2015 – 2025
5.6 Global Solar Panels Market Revenue Market Share (%), By Product Type, 2015-2025

Chapter 6 Global Solar Panels Market: By Product Type
6.1 Global Solar Panels Market Share (%), By Product Type, 2018
6.2 Global Solar Panels Market Revenue (USD Billion), By Type, 2015 – 2025

Chapter 7 North America Solar Panels Market Analysis
7.1 North America Market Snapshot
7.1.1 North America Solar Panels Market Revenue and Growth Rate (%), 2015-2025.
7.1.2 North America Solar Panels Market Revenue (USD Billion) Overview, by Country, 2015 – 2025
7.1.3 North America Solar Panels Market Revenue (USD Billion) and Growth Rate (%), 2015 – 2025.
7.1.5 North America Solar Panels Revenue (USD Billion) Overview, By Product Type, 2015-2025
7.1.6 North America Solar Panels Revenue (USD Billion) Overview, By Product Type , 2015-2025

Chapter 8 Europe Solar Panels Market Analysis
8.1 Europe Market Snapshot
8.1.1 Europe Solar Panels Market Revenue and Growth Rate (%), 2015-2025.
8.1.2 Europe Solar Panels Market Revenue (USD Billion) Overview, by Country, 2015 – 2025
8.1.3 Europe Solar Panels Market Revenue (USD Billion) and Growth Rate (%), 2015 – 2025.
8.1.5 Europe Solar Panels Revenue (USD Billion) Overview, By Product Type, 2015-2025
8.1.6 Europe Solar Panels Revenue (USD Billion) Overview, By Type, 2015-2025

Chapter 9 Asia Pacific Solar Panels Market Analysis
9.1 Asia Pacific Market Snapshot
9.1.1 Asia Pacific Solar Panels Market Revenue and Growth Rate (%), 2015-2025.
9.1.2 Asia Pacific Solar Panels Market Revenue (USD Billion) Overview, by Country, 2015 – 2025
9.1.3 Asia Pacific Solar Panels Market Revenue (USD Billion) and Growth Rate (%), 2015 – 2025.
9.1.5 Asia Pacific Solar Panels Revenue (USD Billion) Overview, By Product Type, 2015-2025
9.1.6 Asia Pacific Solar Panels Revenue (USD Billion) Overview, By Type, 2015-2025

Chapter 10 Latin America Solar Panels Market Analysis
10.1 Latin America Market Snapshot
10.1.1 Latin America Solar Panels Market Revenue and Growth Rate (%), 2015-2025.
10.1.2 Latin America Solar Panels Market Revenue (USD Billion) Overview, by Country, 2015 – 2025
10.1.3 Latin America Solar Panels Market Revenue (USD Billion) and Growth Rate (%), 2015 – 2025.
10.1.5 Latin America Solar Panels Revenue (USD Billion) Overview, By Product Type, 2015-2025
10.1.6 Latin America Solar Panels Revenue (USD Billion) Overview, By Type, 2015-2025

Chapter 11 Middle East & Africa Solar Panels Market Analysis
11.1 Middle East & Africa Market Snapshot
11.1.1 Middle East & Africa Solar Panels Market Revenue and Growth Rate (%), 2015-2025.
11.1.2 Middle East & Africa Solar Panels Market Revenue (USD Billion) Overview, by Country, 2015 – 2025
11.1.3 Middle East & Africa Solar Panels Market Revenue (USD Billion) and Growth Rate (%), 2015 – 2025.

11.1.5 Middle East & Africa Solar Panels Revenue (USD Billion) Overview, By Product Type, 2015-2025
11.1.6 Middle East & Africa Solar Panels Revenue (USD Billion) Overview, By Type, 2015-2025

Chapter 12 Competitive Analysis
12.1 Company 1.
12.1.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
12.1.2 Company 1. Total Company Revenue 2015-2018
12.1.3 Company 1. Total Company Revenue, By Segment of Business 2015-2018
12.1.4 Company 1. Total Company Revenue, By Region 2015-2018
12.1.5 Company 1. Global Solar Panels Product Category and Description
12.1.6 Company 1. Recent Activity 2015-2019
12.1.7 Main Business/Business Overview
12.1.8 Business Strategy
12.1.9 SWOT Analysis
12.2 Company 2.
12.2.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
12.2.2 Company 2. Total Company Revenue 2015-2018
12.2.3 Company 2. Total Company Revenue, By Segment of Business 2015-2018
12.2.4 Company 2. Total Company Revenue, By Region 2015-2018
12.2.5 Company 2. Global Solar Panels Product Category and Description
12.2.6 Company 2. Recent Activity 2015-2019
12.2.7 Main Business/Business Overview
12.2.8 Business Strategy
12.2.9 SWOT Analysis
12.3 Company 3
12.3.1 Business Overview
12.3.2 Company 3Market Product Category and Description & Specification
12.3.3 Main Business/Business Overview
12.3.4 Business Strategy
12.3.5 SWOT Analysis
12.4 Company 4.
12.4.1 Business Overview
12.4.2 Company 4.Company Total Company Revenue 2015-2018
12.4.3 Company 4.Company Total Company Revenue, By Segment of Business 2015-2018
12.4.4 Company 4.Company Total Company Revenue, By Region of Business 2015-2018
12.4.5 Company 4.Company Product Category, Specification and Description
12.4.6 Company 4.Company Recent Mergers & Acquisitions (M&A) Activity 2015-2019
12.4.7 Company 4.Company Main Business/Business Overview
12.4.8 Business Strategy
12.4.9 SWOT Analysis
12.5 Company 5
12.5.1 Business Overview
12.5.2 Company 5 Company Net Sales 2015-2018
12.5.3 Company 5 Company Net Sales, By Segment of Business 2011-2018
12.5.4 Company 5 Company Net Sales, By Region 2015-2018
12.5.5 Company 5 Solar Panels Market Product Category and Specification
12.5.6 Company 5 Recent Mergers & Acquisitions (M&A) Activity 2015-2019
12.5.7 Company 5 Main Business/Business Overview
12.5.8 Business Strategy
12.5.9 SWOT Analysis
12.6 Company 6
12.6.1 Business Overview
12.6.2 Company 6 Solar Panels Market Product Category and Specification
12.6.3 Company 6 Recent Mergers & Acquisitions (M&A) Activity 2015-2019
12.6.4 Company 6 Main Business/Business Overview
12.6.5 Business Strategy
12.6.6 SWOT Analysis

Chapter 13 Market Research Findings & Conclusion

Chapter 14 Research Methodology
14.1 Research Process
14.2 Primary Research
14.3 Secondary Research
14.4 Market Size Estimates
14.5 Forecast Model
14.7 Who is This Report For?
14.8 USP’s of Report
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List of Figures

FIG. 1 Global Solar Panels Market Revenue (USD Billion) and Growth Rate (%), 2015- 2025
FIG. 4 Global Solar Panels Market: Attractiveness Analysis By Product Type
FIG. 5 Global Solar Panels Market: Attractiveness Analysis By Type
FIG. 6 Global Solar Panels Market: Attractiveness Analysis by Regional
FIG. 7 Global Solar Panels Market
FIG. 8 Global Solar Panels Market Share (%), By Product Type, 2018
FIG. 9 Global Solar Panels Market Revenue (USD Billion), By Application, 2015-2025
FIG. 10 Global Solar Panels Market Revenue (USD Billion), By End Use , 2015-2025
FIG. 10 Global Solar Panels Market Revenue (USD Billion), By Type, 2015-2025
FIG. 11 Global Solar Panels Market Revenue Market Share (%), By Product Type, 2015-2025
FIG. 20 North America Solar Panels Market Revenue (USD Billion) and Growth Rate (%), 2015-2025.
FIG. 21 North America Solar Panels Market Revenue (USD Billion) and Growth Rate (%), 2015 – 2025.
FIG. 22 Europe Solar Panels Market Revenue (USD Billion) and Growth Rate (%), 2015-2025.
FIG. 23 Europe Solar Panels Market Revenue (USD Billion) and Growth Rate (%), 2015 – 2025.
FIG. 24 Asia Pacific Solar Panels Market Revenue (USD Billion) and Growth Rate (%), 2015-2025.
FIG. 25 Asia Pacific Solar Panels Market Revenue (USD Billion) and Growth Rate (%), 2015 – 2025.
FIG. 26 Latin America Solar Panels Market Revenue (USD Billion) and Growth Rate (%), 2015-2025.
FIG. 27 Latin America Solar Panels Market Revenue (USD Billion) and Growth Rate (%), 2015 – 2025.
FIG. 28 Middle East & Africa Solar Panels Market Revenue (USD Billion) and Growth Rate (%), 2015-2025.
FIG. 29 Middle East & Africa Solar Panels Market Revenue (USD Billion) and Growth Rate (%), 2015 – 2025.
FIG. 30 Company 1. Total Company Revenue 2015-2018 (USD Million, R & D Expenses %)
FIG. 31 Company 1. Total Company Revenue, by Segment of Business 2015-2018 (USD Million, AGR %)
FIG. 32 Company 1. Total Company Revenue, by Region 2015-2018 (USD Million, AGR %)
FIG. 33 Company 2. Total Company Revenue 2015-2018 (USD Million)
FIG. 34 Company 2. Total Company Revenue, by Segment of Business 2015-2018 (USD Million, AGR %)
FIG. 35 Company 2. Total Company Revenue, by Region 2015-2018 (USD Million, AGR %) 119
FIG. 36 Company 3 Total Company Revenue 2015-2018 (USD Million)
FIG. 37 Company 3 Total Company Revenue, by Segment of Business 2015-2018 (USD Million, AGR %)
FIG. 38 Company 3 Total Company Revenue, by Region of Business 2015-2018 (USD Million, AGR %)
FIG. 39 Company 4. Company Net Sales 2015-2018 (USD Million, R & D Expenses %)
FIG. 40 Company 4. Company Net Sales, by Segment of Business 2015-2018 (USD Million, AGR %)
FIG. 41 Company 4. Company Net Sales, by Region 2015-2018 (USD Million, AGR %)
FIG. 42 Company 5 Total Company Revenue 2015-2018 (USD Million, R & D Expenses %)
FIG. 43 Company 5 Total Company Revenue, by Segment of Business 2015-2018 (USD Million, AGR %)
FIG. 44 Primary Research
FIG. 45 Sources of Secondary Research
FIG. 46 Forecast Model

List of Tables

TABLE 1 Global Solar Panels Market Overview
TABLE 2 Market Driver Impact Analysis
TABLE 3 Market Restraints Impact Analysis
TABLE 4 Global Solar Panels market Revenue (USD Billion), By Players2018
TABLE 5 Global Solar Panels market Revenue Market share (%), By Players- 2018
TABLE 6 Global Solar Panels Market Revenue (USD Billion), By Product Type, 2015 - 2025
TABLE 7 Global Solar Panels Market Revenue Share (%), By Product Type, 2015 - 2025
TABLE 8 Global Solar Panels Market Revenue (USD Billion), By Product Type, 2015 - 2025
TABLE 9 Global Solar Panels Market Revenue Share (%), By Product Type, 2015 - 2025
TABLE 10 Global Solar Panels Market Revenue (USD Billion), 2015 - 2025
TABLE 11 Global Solar Panels Market Revenue Share (%), By , 2015 - 2025
More …………...

Solar Panels Market Size, Share, And Trends Analysis Report By Technology (Concentrated Solar Power, Solar PV) By Application (Commercial, Residential, Industrial) By Module type (Thin Film, Crystalline) By Grid Connectivity (On-Grid, Off-Grid) Based On Region, And Segment Forecasts, 2022 - 2028

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