Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Solar Panel Market By Type, End-Use, Demand by Region, Key Players and Forecast Till 2024

5 views

Published on

Get more information about the market: https://www.imarcgroup.com/solar-panel-market

The global solar panel market size reached 129.6 GW in 2018. Solar panels are active solar devices made up of photovoltaic or solar cells which are used to convert sunlight into electrical energy.

Want more information about this market? Request a free report sample: https://www.imarcgroup.com/solar-panel-market/requestsample

For India market research reports, visit: http://www.marketresearchindia.co.in

Browse Related Report

Solar PV Inverter Market Report: https://www.imarcgroup.com/solar-pv-inverter-market

Solar Generator Market Report: https://www.imarcgroup.com/solar-generator-market

Contact Us

IMARC Group
James Smith
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800 | https://www.imarcgroup.com
Americas :- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331
Linkedin: https://www.linkedin.com/company/imarc-group

Published in: Technology
  • Be the first to comment

  • Be the first to like this

Solar Panel Market By Type, End-Use, Demand by Region, Key Players and Forecast Till 2024

  1. 1. Copyright © IMARC Service Pvt Ltd. All Rights Reserved Global Solar Panel Market Research Report and Forecast 2024 Report Edition: 2019 © 2019 IMARC All Rights Reserved
  2. 2. Report DescriptionAbout IMARC Group The International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.
  3. 3. Report DescriptionReport Description and Highlights Global Solar Panel Market Overview: According to the recent study by IMARC Group, titled “Solar Panel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global solar panel market size reached 129.6 GW in 2018. Solar panels are active solar devices made up of photovoltaic or solar cells which are used to convert sunlight into electrical energy. They are installed on rooftops or surfaces with access to direct sunlight, require minimum to no maintenance and have a service life of twenty years or more. Their installation can significantly reduce dependence on conventional sources of electricity and help to minimize the carbon footprint. As a result, they are widely being utilized to generate electricity across the residential, commercial and industrial sectors across the globe. Solar Panel Market Trends The increasing demand for renewable power sources is the key factor driving the growth of the market. Renewable power sources like solar and wind energy do not cause pollution and are abundantly available in nature. Rising environmental concerns have also created demand for alternate energy sources that do not contribute to greenhouse gas emissions. In line with this, governments of various nations are encouraging the usage of solar panels by offering incentives for solar energy projects and spreading awareness among consumers through several programs and campaigns.
  4. 4. Report DescriptionReport Description and Highlights 120.2 125.5 130.8 136.1 141.4 146.7 152.0 157.3 0 20 40 60 80 100 120 140 160 2011 2012 2013 2014 2015 2016 2017 2018 inBillionUS$ 160.0 165.3 170.6 175.9 181.2 186.5 0 20 40 60 80 100 120 140 160 180 2019 2020 2021 2022 2023 2024 InBillionUS$ Furthermore, technological advancements in the industry have led to the development of ultrathin solar panels that are relatively more flexible, efficient and cost-effective as compared to the glass- based panels. Significant fall in the prices of silver and polysilicon, along with rising energy costs, are some of the other factors that are positively influencing the growth of the market. On account of these factors, the market is projected to experience steady growth over the next few years. Request for a free sample report: https://www.imarcgroup.com/solar-panel-market/requestsample
  5. 5. Report DescriptionReport Description and Highlights For instance, the Ministry of New and Renewable Energy (MNRE) of the Government of India is promoting the installation of solar PV systems in the country under the Jawaharlal Nehru National Solar Mission. Key Market Segmentation: Market Segmentation by Product Type • Crystal Silicon • Monocrystalline Silicon • Polycrystalline Silicon • Thin Film • Others Based on the type, the market has been divided into crystal silicon, monocrystalline silicon, polycrystalline silicon, thin film and others. Amongst these, crystal silicon solar panels represent the most preferred type. Market Segmentation by End Use
  6. 6. Report Description Report Description and Highlights • Commercial • Residential • Industrial On the basis of the end use, the market has been categorized into commercial, residential and industrial segments. At present, the commercial segment accounts for the biggest market share. Market Segmentation by Region • Asia Pacific • Europe • North America • Middle East and Africa • Latin America On the geographical front, Asia Pacific holds the leading position in the market. Other major markets include North America, Europe, Latin America, and Middle East and Africa. Competitive Landscape:
  7. 7. Report DescriptionReport Description and Highlights The competitive landscape of the market has also been examined with some of the key players. • Jinko Solar • Trina Solar • Canadian Solar • JA Solar • Hanwha Q-CELLS • GCL-SI • LONGi Solar • Risen Energy • Shunfeng • Yingli Green For more information, click here: https://www.imarcgroup.com/solar-panel-market
  8. 8. A partial List of our Clients We are the trusted business partners to the world's leading corporates, governments, and institutions Partial List of Clients
  9. 9. A partial List of our Clients We are the trusted business partners to the world's leading corporates, governments, and institutions Partial List of Clients
  10. 10. Report DescriptionReport Description and Highlights © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.
  11. 11. FOR MORE DETAILS Visit us at : Stay With Us: TELEPHONE: +1-631-791-1145 E-MAIL: sales@imarcgroup.com https://www.imarcgroup.com Contact Us

×