Solar Panels Market Size to Grow by USD 44.96 Bn, Power Utilities to be Largest Revenue-generating End-user Segment - Technavio

NEW YORK, Oct. 10, 2022 /PRNewswire/ -- The solar panels market size is expected to grow by USD 44.96 billion from 2021 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 7.61% during the forecast period, according to Technavio. The increasing investments in the renewable energy sector are driving the solar panels market growth. However, factors such as the intermittent nature of solar power may challenge market growth.

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The solar panels market report covers the following areas:

• Solar Panels Market size
• Solar Panels Market trends
• Solar Panels Market industry analysis

We provide a detailed analysis of around 25 vendors operating in the solar panels market, including Adani Group, Antec Solar GmbH, Canadian Solar Inc., First Solar Inc., Flisom AG, Hanergy Holding Group Ltd., JA Solar Technology Co. Ltd., JinkoSolar Holding Co. Ltd., Kaneka Corp., Longi green energy technology Co. Ltd, Risen Energy Co. Ltd., Shell plc, Shunfeng International Clean Energy Co. Ltd, Soltecture GmbH, Suzhou Talesun Solar Technology Co. Ltd., Tata Sons Pvt. Ltd., Tesla Inc., Trina Solar Co. Ltd., Yingli Green Energy Holding Co. Ltd., and SoloPower Systems Inc.

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• End-user 
• Power Utilities: The power utilities segment will be the largest contributor to market growth during the forecast period. The installation of large-scale solar power plants is increasing. These plants help generate clean energy and reduce carbon emissions. Moreover, favorable solar policies and incentives are expected to fuel the growth of this segment during the forecast period.
• Commercial
• Residential
• Type 
• Crystalline Panel
• Thin-film Panel
• Geography 
• APAC: APAC will account for 42% of the market's growth during the forecast period. This growth is attributed to factors such as increasing environmental concerns, supportive government regulations, growing energy demand, and a decline in the cost of solar PV. China, India, and Japan are the key countries for the solar panels market in APAC. Moreover, market growth in this region will be faster than the growth of the market in other regions.
• Europe
• North America
• Middle East And Africa
• South America

Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View a FREE PDF Sample Report

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will assist solar panels market growth during the next five years
• Estimation of the solar panels market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the solar panels market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of solar panels market vendors

Solar Thermal Market by Application and Geography - Forecast and Analysis 2022-2026: The solar thermal market share is expected to increase by 167187.58 megawatts from 2021 to 2026.

Solar Home Systems Market by Type and Geography - Forecast and Analysis 2022-2026: The solar home systems market share is expected to increase by USD 1.39 billion from 2021 to 2026.

Browse Utilities Market Reports

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis
• Exhibit 13: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026
• Exhibit 14: Chart on Global - Market size and forecast 2021-2026 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• Exhibit 18: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers
• Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers
• Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants
• Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes
• Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry
• Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition
• Exhibit 24: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by End-user

• 5.1 Market segments
• Exhibit 25: Chart on End-user - Market share 2021-2026 (%)
• Exhibit 26: Data Table on End-user - Market share 2021-2026 (%)

• 5.2 Comparison by End-user
• Exhibit 27: Chart on Comparison by End-user
• Exhibit 28: Data Table on Comparison by End-user

• 5.3 Power utilities - Market size and forecast 2021-2026
• Exhibit 29: Chart on Power utilities - Market size and forecast 2021-2026 ($ billion)
• Exhibit 30: Data Table on Power utilities - Market size and forecast 2021-2026 ($ billion)
• Exhibit 31: Chart on Power utilities - Year-over-year growth 2021-2026 (%)
• Exhibit 32: Data Table on Power utilities - Year-over-year growth 2021-2026 (%)

• 5.4 Commercial - Market size and forecast 2021-2026
• Exhibit 33: Chart on Commercial - Market size and forecast 2021-2026 ($ billion)
• Exhibit 34: Data Table on Commercial - Market size and forecast 2021-2026 ($ billion)
• Exhibit 35: Chart on Commercial - Year-over-year growth 2021-2026 (%)
• Exhibit 36: Data Table on Commercial - Year-over-year growth 2021-2026 (%)

• 5.5 Residential - Market size and forecast 2021-2026
• Exhibit 37: Chart on Residential - Market size and forecast 2021-2026 ($ billion)
• Exhibit 38: Data Table on Residential - Market size and forecast 2021-2026 ($ billion)
• Exhibit 39: Chart on Residential - Year-over-year growth 2021-2026 (%)
• Exhibit 40: Data Table on Residential - Year-over-year growth 2021-2026 (%)

• 5.6 Market opportunity by End-user
• Exhibit 41: Market opportunity by End-user ($ billion)

6 Market Segmentation by Type

• 6.1 Market segments
• Exhibit 42: Chart on Type - Market share 2021-2026 (%)
• Exhibit 43: Data Table on Type - Market share 2021-2026 (%)

• 6.2 Comparison by Type
• Exhibit 44: Chart on Comparison by Type
• Exhibit 45: Data Table on Comparison by Type

• 6.3 Crystalline panel - Market size and forecast 2021-2026
• Exhibit 46: Chart on Crystalline panel - Market size and forecast 2021-2026 ($ billion)
• Exhibit 47: Data Table on Crystalline panel - Market size and forecast 2021-2026 ($ billion)
• Exhibit 48: Chart on Crystalline panel - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on Crystalline panel - Year-over-year growth 2021-2026 (%)

• 6.4 Thin-film panel - Market size and forecast 2021-2026
• Exhibit 50: Chart on Thin-film panel - Market size and forecast 2021-2026 ($ billion)
• Exhibit 51: Data Table on Thin-film panel - Market size and forecast 2021-2026 ($ billion)
• Exhibit 52: Chart on Thin-film panel - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on Thin-film panel - Year-over-year growth 2021-2026 (%)

• 6.5 Market opportunity by Type
• Exhibit 54: Market opportunity by Type ($ billion)

7 Customer Landscape

• 7.1 Customer landscape overview
• Exhibit 55: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Geographic Landscape

• 8.1 Geographic segmentation
• Exhibit 56: Chart on Market share by geography 2021-2026 (%)
• Exhibit 57: Data Table on Market share by geography 2021-2026 (%)

• 8.2 Geographic comparison
• Exhibit 58: Chart on Geographic comparison
• Exhibit 59: Data Table on Geographic comparison

• 8.3 APAC - Market size and forecast 2021-2026
• Exhibit 60: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
• Exhibit 61: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
• Exhibit 62: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 63: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 8.4 Europe - Market size and forecast 2021-2026
• Exhibit 64: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
• Exhibit 65: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
• Exhibit 66: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 67: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 8.5 North America - Market size and forecast 2021-2026
• Exhibit 68: Chart on North America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 69: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 70: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 71: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 8.6 Middle East and Africa - Market size and forecast 2021-2026
• Exhibit 72: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
• Exhibit 73: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
• Exhibit 74: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 75: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 8.7 South America - Market size and forecast 2021-2026
• Exhibit 76: Chart on South America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 77: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 78: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 79: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 8.8 China - Market size and forecast 2021-2026
• Exhibit 80: Chart on China - Market size and forecast 2021-2026 ($ billion)
• Exhibit 81: Data Table on China - Market size and forecast 2021-2026 ($ billion)
• Exhibit 82: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 83: Data Table on China - Year-over-year growth 2021-2026 (%)

• 8.9 US - Market size and forecast 2021-2026
• Exhibit 84: Chart on US - Market size and forecast 2021-2026 ($ billion)
• Exhibit 85: Data Table on US - Market size and forecast 2021-2026 ($ billion)
• Exhibit 86: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 87: Data Table on US - Year-over-year growth 2021-2026 (%)

• 8.10 South Korea - Market size and forecast 2021-2026
• Exhibit 88: Chart on South Korea - Market size and forecast 2021-2026 ($ billion)
• Exhibit 89: Data Table on South Korea - Market size and forecast 2021-2026 ($ billion)
• Exhibit 90: Chart on South Korea - Year-over-year growth 2021-2026 (%)
• Exhibit 91: Data Table on South Korea - Year-over-year growth 2021-2026 (%)

• 8.11 Germany - Market size and forecast 2021-2026
• Exhibit 92: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
• Exhibit 93: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
• Exhibit 94: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 95: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 8.12 Italy - Market size and forecast 2021-2026
• Exhibit 96: Chart on Italy - Market size and forecast 2021-2026 ($ billion)
• Exhibit 97: Data Table on Italy - Market size and forecast 2021-2026 ($ billion)
• Exhibit 98: Chart on Italy - Year-over-year growth 2021-2026 (%)
• Exhibit 99: Data Table on Italy - Year-over-year growth 2021-2026 (%)

• 8.13 Japan - Market size and forecast 2021-2026
• Exhibit 100: Chart on Japan - Market size and forecast 2021-2026 ($ billion)
• Exhibit 101: Data Table on Japan - Market size and forecast 2021-2026 ($ billion)
• Exhibit 102: Chart on Japan - Year-over-year growth 2021-2026 (%)
• Exhibit 103: Data Table on Japan - Year-over-year growth 2021-2026 (%)

• 8.14 Market opportunity by geography
• Exhibit 104: Market opportunity by geography ($ billion)

9 Drivers, Challenges, and Trends

• 9.1 Market drivers

• 9.2 Market challenges

• 9.3 Impact of drivers and challenges
• Exhibit 105: Impact of drivers and challenges in 2021 and 2026

• 9.4 Market trends

10 Vendor Landscape

• 10.1 Overview

• 10.2 Vendor landscape
• Exhibit 106: Overview on Criticality of inputs and Factors of differentiation

• 10.3 Landscape disruption
• Exhibit 107: Overview on factors of disruption

• 10.4 Industry risks
• Exhibit 108: Impact of key risks on business

11 Vendor Analysis

• 11.1 Vendors covered
• Exhibit 109: Vendors covered

• 11.2 Market positioning of vendors
• Exhibit 110: Matrix on vendor position and classification

• 11.3 Canadian Solar Inc.
• Exhibit 111: Canadian Solar Inc. - Overview
• Exhibit 112: Canadian Solar Inc. - Business segments
• Exhibit 113: Canadian Solar Inc. - Key news
• Exhibit 114: Canadian Solar Inc. - Key offerings
• Exhibit 115: Canadian Solar Inc. - Segment focus

• 11.4 First Solar Inc.
• Exhibit 116: First Solar Inc. - Overview
• Exhibit 117: First Solar Inc. - Business segments
• Exhibit 118: First Solar Inc. - Key news
• Exhibit 119: First Solar Inc. - Key offerings
• Exhibit 120: First Solar Inc. - Segment focus

• 11.5 JA Solar Technology Co. Ltd.
• Exhibit 121: JA Solar Technology Co. Ltd. - Overview
• Exhibit 122: JA Solar Technology Co. Ltd. - Product / Service
• Exhibit 123: JA Solar Technology Co. Ltd. - Key offerings

• 11.6 JinkoSolar Holding Co. Ltd.
• Exhibit 124: JinkoSolar Holding Co. Ltd. - Overview
• Exhibit 125: JinkoSolar Holding Co. Ltd. - Product / Service
• Exhibit 126: JinkoSolar Holding Co. Ltd. - Key news
• Exhibit 127: JinkoSolar Holding Co. Ltd. - Key offerings

• 11.7 Kaneka Corp.
• Exhibit 128: Kaneka Corp. - Overview
• Exhibit 129: Kaneka Corp. - Business segments
• Exhibit 130: Kaneka Corp. - Key offerings
• Exhibit 131: Kaneka Corp. - Segment focus

• 11.8 Longi green energy technology Co. Ltd
• Exhibit 132: Longi green energy technology Co. Ltd - Overview
• Exhibit 133: Longi green energy technology Co. Ltd - Product / Service
• Exhibit 134: Longi green energy technology Co. Ltd - Key offerings

• 11.9 Risen Energy Co. Ltd.
• Exhibit 135: Risen Energy Co. Ltd. - Overview
• Exhibit 136: Risen Energy Co. Ltd. - Product / Service
• Exhibit 137: Risen Energy Co. Ltd. - Key offerings

• 11.10 Shunfeng International Clean Energy Co. Ltd
• Exhibit 138: Shunfeng International Clean Energy Co. Ltd - Overview
• Exhibit 139: Shunfeng International Clean Energy Co. Ltd - Product / Service
• Exhibit 140: Shunfeng International Clean Energy Co. Ltd - Key offerings

• 11.11 Trina Solar Co. Ltd.
• Exhibit 141: Trina Solar Co. Ltd. - Overview
• Exhibit 142: Trina Solar Co. Ltd. - Business segments
• Exhibit 143: Trina Solar Co. Ltd. - Key offerings
• Exhibit 144: Trina Solar Co. Ltd. - Segment focus

• 11.12 Yingli Green Energy Holding Co. Ltd.
• Exhibit 145: Yingli Green Energy Holding Co. Ltd. - Overview
• Exhibit 146: Yingli Green Energy Holding Co. Ltd. - Business segments
• Exhibit 147: Yingli Green Energy Holding Co. Ltd. - Key offerings
• Exhibit 148: Yingli Green Energy Holding Co. Ltd. - Segment focus

12 Appendix

• 12.1 Scope of the report

• 12.2 Inclusions and exclusions checklist
• Exhibit 149: Inclusions checklist
• Exhibit 150: Exclusions checklist

• 12.3 Currency conversion rates for US$
• Exhibit 151: Currency conversion rates for US$

• 12.4 Research methodology
• Exhibit 152: Research methodology
• Exhibit 153: Validation techniques employed for market sizing
• Exhibit 154: Information sources

• 12.5 List of abbreviations
• Exhibit 155: List of abbreviations

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