Global Solar Panel Market Research and Forecast, 2017-2022 Solar Panel Energy Market, Size, Share, Market Intelligence, Company Profiles, Market Trends, Strategy, Analysis, Forecast 2017-2022
https://www.omrglobal.com/industry-reports/solar-panel-market/
Solar Panel Energy Market insights The global solar panel cumulative installation touched 291 GW market in 2016, and is expected to reach 872 GW by 2022, growing at a CAGR of 17.4%. A variety of factors such as environmental concern, unstable crude, and need of alternative energy source are driving the solar energy market. Increased carbon emission due to the fossil fuel and need of unlimited clean energy are reasons behind the growth of solar energy market. Government subsidy and encouragement is another motivating factor in various geographies. Recently, energy sector became less popular investment destination due to unstable crude prices. Low interest of investors in the energy sector is a major restraint of solar energy market.
Global solar panel Market insights •
The solar panel market is segmented into four major categories which are monocrystalline silicon solar PV, polycrystalline silicon solar PV, and thin-film solar PV market. Thin-film solar PV market further segmented in amorphous silicon (A-Si) and cadmium telluride (CdTe). The solar panel market is also categorized on the basis of end-user market such as industrial, household and commercial and other. The market also segmented on the basis of geographies and End user. North America (U.S.A. and Canada), Europe (western Europe and rest of Europe), APAC (India, china and japan) are major geographies which included in this report. • The report provides detailed and insightful chapters on market overview, key findings, strategic recommendations, market estimations, market determinants, sector analysis, key company analysis, market insights, company profiling, market segmentation, geographical analysis, analyst insights and predictive analysis of the market. Key companies profiled in the report are Canadian Solar, First Solar, Hanwha SolarOne, JA Solar, Jinko Solar, juwi AG, Kyocera, Renesola, Risen Energy Co, SFCE, Sharp Solar, SolarWorld AG, Solopower, SunEdison, SunPower, Suntech Power, Tata Power Solar Systems Limited, Trina Solar, Yingli Green Energy and Zhongli Talesun Solar Co.
Will India achieve 100 GW solar installed capacity target by 2020? • •
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“Green energy like solar power would power India as 175 gigawatt (G) of electricity is expected to be generated from renewable sources.”- Prime Minister Narendra Modi said. India has targeted to complete its 100 GW of installed capacity by 2020 in order to achieve 175 GW renewable energy capacity target by 2022. The 100 GW target include utilities and rooftop solar installation in which 60 GW is to come from utilities and 40 GW from rooftop solar installations. While the 60 GW target may can be achievable with the help of auction timeline, the country is showing poor performance in rooftop solar installation. India has installed 19.58 GW of solar power generation capacity till February, 2018. The government is very close to achieving 20GW in 2017-18. However, the officials reported that Indian solar panel manufacturing capacity is not sufficient. Solar panel installation in the country is partially dependent on import from mass manufacturer present in other countries. Domestic solar panel/equipment manufacturers are providing solar panels but, it is not in sufficient number. To achieve 100GW target by 2020, there is high demand for solar panels/equipment where as supply is comparatively low.
Global Solar Energy Industry Insights •
The realization of unfortunate progress toward the 100 GW operational solar power capacity by 2022 has put Indian government in tension. The government is making sure that this target should be met in the remaining months. Government is taking initiatives like auction. R.K. Singh, the Minister for New & Renewable Energy recently announced that the government will auction 77 GW of solar power capacity by March 2022. To achieve 100 GW grid connected capacities by 2022, the Indian government has decided to auction 30 GW solar energy capacities each in 2018-19 and 2019-20. • “If the Indian government follows to auction timeline and fully auctions 77 GW capacity by 2020, it would be easy for India to achieve 100-gigawatt target.”- OMR analytes
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Further, to boost the installation of rooftop solar power in the country, Ministry of New and Renewable Energy (MNRE) is implementing Grid Connected Rooftop Solar (RTS) Power Programme. Rooftop solar panel installation target was set-up to achieve 40GW of rooftop solar capacity by 2022. Rooftop solar panel has been the fastest-growing segment within India’s renewable energy sector in 2017, but it is still not growing at the fastest rate, which is the major concern for the Indian government. The Indian government has silently trimmed its 5,000 MW target for FY 2017-18 to only 1,000 megawatts (MW) of capacity. •
Year
• The year wise targets (in MW) are as follows: 2016-17 2017-18 2018-19 2019-20
2015-16 • Total Target in MW-200
•
2020-21
4800 5000 6000 7000 8000 9000 40000
Source: Ministry of New and Renewable Energy
2021-22
Total
(SOLAR PANEL MARKET RESEARCH METHODS AND TOOLS) The market study of solar panel market is incorporated by extensive primary and secondary research conducted by research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report country level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders and industry experts. Primary research brings the authenticity in our reports.
Solar Panel Market Secondary sources include
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Financial reports of companies involved in the market Authentic Public Databases Whitepapers, research-papers and news blogs Company websites and their product catalogue. Supplier Websites such as Alibaba, amazon for pricing analysis. The report provides in-depth analysis on pricing, market size, intended quality of the product preferred by consumers, initial norms and vehicle segment. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models such as PEST analysis, Porter five analysis delivering insights into the market for better business decisions.
Orion market Research Reports Covers • • • • • •
Comprehensive research methodology of global solar panel market In-depth analysis of macro and micro factors influencing the market guided by key recommendations. Analysis of regional regulations and other government policies impacting the global solar panel market Insights about market determinants which are stimulating the global solar panel market Detailed and extensive market segments with regional distribution of forecasted revenues Extensive profiles and recent developments of market players
Table Of Content CHAPTER 1. REPORT SUMMARY
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1.1. RESEARCH METHODS AND TOOLS 1.2. MARKET BREAKDOWN 1.2.1. BY TYPE 1.2.2. BY END USER 1.2.3. BY GEOGRAPHY 1.2.4. BY STAKEHOLDERS
Table Of Content CHAPTER 2. MARKET OVERVIEW AND INSIGHTS • • • • • • • • • • • • • • • • •
2.1. DEFINITION 2.2. GAP ANALYSIS 2.3. ANALYST INSIGHT&CURRENT MARKET TRENDS 2.3.1. KEY FINDINGS 2.3.1.1. INSTALLED CAPACITY TO MORE THAN DOUBLE TILL 2022 2.3.1.2. DOMINANCE OF CHINA AND CHINESE COMPANIES 2.3.1.3. DEVELOPMENT IN SOLAR TECHNOLOGY 2.3.2. RECOMMENDATION 2.3.2.1. IMPROVE SKILLED MANPOWER IN DEVELOPING COUNTRIES 2.3.2.2. FOCUS IN AFRICA AND AUSTRALIA 2.3.2.3. INVOLVEMENT OF SMALLER ECONOMIES 2.3.3. CONCLUSION 2.4. REGULATION AND TAX LAWS 2.4.1. UNITED STATES 2.4.2. EUROPEAN UNION 2.4.3. CHINA 2.4.4. INDIA
Table Of Content CHAPTER 3. MARKET DETERMINANT • • • • • • • • • • • • • • • • • •
3.1. MOTIVATORS 3.1.1. ENVIRONMENTAL CONCERN IS DRIVING THE MARKET 3.1.2. PRICE OF ALL TYPE OF SOLAR PANEL DECREASING DUE TO INCREASED PRODUCTION 3.1.3. NO ECOLOGICAL EFFECTS 3.1.4. GREEN ENERGY IS IN DEMAND 3.1.5. UNSTABLE CRUDE PRICES 3.1.6. GOVERNMENT AS WELL AS OTHER BIG PLAYERS ARE INVESTING IN THE MARKET 3.1.7. GOVERNMENT INCENTIVES 3.2. RESTRAINT 3.2.1. HIGH INSTALLATION COST 3.2.2. COMPETITION WITH WELL-ESTABLISHED OIL AND GAS MARKET 3.2.3. IN RECENT YEARS ENERGY SECTOR IS NOT PERFORMING WELL 3.3. OPPORTUNITY 3.3.1. EMERGING MARKET SUCH AS INDIA AND CHINA ARE MOST OPPORTUNITY MARKETS 3.3.2. NO ENTRY BARRIER FOR NEW ENTRANTS 3.4. CHALLENGES 3.4.1. TO FULFILL THE INCREASING ENERGY DEMAND 3.4.2. PROPER ENERGY STORAGE AND ENERGY TRANSPORTATION FACILITY
Table Of Content CHAPTER 4. ENERGY SECTOR ANALYSIS
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4.1. RENEWABLE ENERGY MARKET 4.1.1. HYDROELECTRIC POWER 4.1.2. SOLAR ENERGY 4.1.3. GEOTHERMAL AND TIDAL ENERGY 4.1.4. WIND ENERGY 4.1.5. OTHERS 4.2. NON-RENEWABLE ENERGY MARKET 4.2.1. CRUDE OIL MARKET 4.2.2. SHALE OIL AND GAS MARKET 4.2.3. COAL ENERGY 4.2.4. NUCLEAR ENERGY 4.2.5. OTHERS
Table Of Content CHAPTER 5. MARKET SEGMENTATION • • • • • • • • • • • •
5.1. SOLAR PANEL MARKET BY TYPE 5.1.1. MONOCRYSTALLINE SILICON SOLAR PV MARKET 5.1.2. POLYCRYSTALLINE SILICON SOLAR PV MARKET 5.1.3. THIN-FILM SOLAR PV MARKET 5.1.3.1. AMORPHOUS SILICON (A-SI) 5.1.3.2. CADMIUM TELLURIDE (CDTE) 5.1.3.3. COPPER INDIUM GALLIUM SELENIDE (CIS/CIGS) 5.2. SOLAR PANEL MARKET BY END USER 5.2.1. INDUSTRIAL 5.2.2. HOUSEHOLD 5.2.3. CORPORATE 5.2.4. OTHERS
Table Of Content CHAPTER 6. COMPETITIVE LANDSCAPE • •
6.1. KEY COMPANY ANALYSIS 6.2. KEY STRATEGIES ANALYSIS
CHAPTER 7. REGIONAL ANALYSIS 7.1. NORTH AMERICA 7.1.1. UNITED STATES 7.1.2. CANADA 7.2. EUROPEAN 7.2.1. WESTERN EUROPE 7.2.1.1. UNITED KINGDOM 7.2.1.2. FRANCE 7.2.1.3. GERMANY 7.2.2. ROE 7.2.2.1. SPAIN
7.2.2.2. ITALY 7.2.2.3. NETHERLANDS 7.3. ASIA PACIFIC 7.3.1.1. INDIA 7.3.1.2. CHINA 7.3.1.3. JAPAN 7.3.1.4. ROAPAC 7.3.1.4.1. AUSTRALIA 7.3.1.4.2. SOUTH KOREAN 7.4. REST OF THE WORLD
Table Of Content CHAPTER 8. COMPANY PROFILES 8.1. CANADIAN SOLAR 8.1.1. INTRODUCTION 8.2. FIRST SOLAR 8.2.1. INTRODUCTION 8.3. HANWHA SOLARONE 8.3.1. INTRODUCTION 8.4. JA SOLAR 8.4.1. INTRODUCTION 8.5. JINKO SOLAR 8.5.1. INTRODUCTION 8.6. JUWI AG 8.6.1. INTRODUCTION 8.7. KYOCERA 8.7.1. INTRODUCTION 8.8. RENESOLA 8.8.1. INTRODUCTION 8.9. RISEN ENERGY CO 8.9.1. INTRODUCTION 8.10. SFCE 8.10.1. INTRODUCTION
8.11. SHARP SOLAR 8.11.1. INTRODUCTION 8.12. SOLARWORLD AG 8.12.1. INTRODUCTION 8.13. SOLOPOWER 8.13.1. INTRODUCTION 8.14. SUNEDISON 8.14.1. INTRODUCTION 8.15. SUNPOWER 8.15.1. INTRODUCTION 8.16. SUNTECH POWER 8.16.1. INTRODUCTION 8.17. TATA POWER SOLAR SYSTEMS LIMITED 8.17.1. INTRODUCTION 8.18. TRINA SOLAR 8.18.1. INTRODUCTION 8.19. YINGLI GREEN ENERGY 8.19.1. INTRODUCTION 8.20. ZHONGLI TALESUN SOLAR CO 8.20.1. INTRODUCTION
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