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Global Solar Panel System Market Research Report 2024
Synopsis
A solar panel is a device that collects sunlight and turns it into usable electricity . Solar panels are usually made of solar cells (made from the element silicon), wiring, a metal frame, and a glass cover. A typical solar panel is about four feet wide, and six feet tall.
Global Solar Panel System market is projected to reach US$ 244120 million in 2029, increasing from US$ 152100 million in 2022, with the CAGR of 8.2% during the period of 2023 to 2029. Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole Solar Panel System market research.
It is expected that global demand for photovoltaic products will remain high in the next few years. According to our PV & Solar Research Center, by the end of 2022, the global cumulative installed photovoltaic power generation capacity is about 1180 GW. According to the data of China Photovoltaic Industry Association, the global newly installed photovoltaic capacity in 2022 is about 230 GW, and this number in 2023 is predicted to be 280-330 GW. According to the data of the Ministry of Industry and Information Technology, the total output value of China's photovoltaic industry exceeded 1.4 trillion yuan in 2022. From the perspective of production value, mainland China is still the global center of the PV industry. According to the International Energy Agency, China market share in all key products of the supply chain have exceeded 80%. Among them, the production capacity of silicon wafers, solar cells, and components accounts for as high as 98%, 85% and 77%, respectively. According to the data released by the European Photovoltaic Association, 27 EU countries gained a new PV installed capacity of 41.4 GW in 2022. According to the report of the US Solar Energy Industries Association (SEIA), the US held a new PV installed capacity of less than 19 GW in 2022. But it is estimated that from 2023, the average annual growth rate of new photovoltaic installed capacity will exceed 21%. In terms of Japan, based on data from Fitch and the US Energy Information Administration (EIA), in 2022, Japan's newly installed photovoltaic capacity was 3.216 GW.
Report Scope
This report, based on historical analysis (2018-2022) and forecast calculation (2023-2029), aims to help readers to get a comprehensive understanding of global Solar Panel System market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.
By Company
Jinko Solar
JA Solar
Trina Solar
LONGi Solar
Canadian Solar
SunPower Corporation
First Solar
Hanwha Q-CELLS
Risen Energy
Talesun
Segment by Type
Monocrystalline
Polycrystalline
Thin Film
Others
Segment by Application
Residential
Commercial
Industrial
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
The Solar Panel System report covers below items:
Chapter 1: Product Basic Information (Definition, Type and Application)
Chapter 2: Manufacturers’ Competition Patterns
Chapter 3: Production Region Distribution and Analysis
Chapter 4: Country Level Sales Analysis
Chapter 5: Product Type Analysis
Chapter 6: Product Application Analysis
Chapter 7: Manufacturers’ Outline
Chapter 8: Industry Chain, Market Channel and Customer Analysis
Chapter 9: Market Opportunities and Challenges
Chapter 10: Market Conclusions
Chapter 11: Research Methodology and Data Source
A solar panel is a device that collects sunlight and turns it into usable electricity . Solar panels are usually made of solar cells (made from the element silicon), wiring, a metal frame, and a glass cover. A typical solar panel is about four feet wide, and six feet tall.
Global Solar Panel System market is projected to reach US$ 244120 million in 2029, increasing from US$ 152100 million in 2022, with the CAGR of 8.2% during the period of 2023 to 2029. Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole Solar Panel System market research.
It is expected that global demand for photovoltaic products will remain high in the next few years. According to our PV & Solar Research Center, by the end of 2022, the global cumulative installed photovoltaic power generation capacity is about 1180 GW. According to the data of China Photovoltaic Industry Association, the global newly installed photovoltaic capacity in 2022 is about 230 GW, and this number in 2023 is predicted to be 280-330 GW. According to the data of the Ministry of Industry and Information Technology, the total output value of China's photovoltaic industry exceeded 1.4 trillion yuan in 2022. From the perspective of production value, mainland China is still the global center of the PV industry. According to the International Energy Agency, China market share in all key products of the supply chain have exceeded 80%. Among them, the production capacity of silicon wafers, solar cells, and components accounts for as high as 98%, 85% and 77%, respectively. According to the data released by the European Photovoltaic Association, 27 EU countries gained a new PV installed capacity of 41.4 GW in 2022. According to the report of the US Solar Energy Industries Association (SEIA), the US held a new PV installed capacity of less than 19 GW in 2022. But it is estimated that from 2023, the average annual growth rate of new photovoltaic installed capacity will exceed 21%. In terms of Japan, based on data from Fitch and the US Energy Information Administration (EIA), in 2022, Japan's newly installed photovoltaic capacity was 3.216 GW.
Report Scope
This report, based on historical analysis (2018-2022) and forecast calculation (2023-2029), aims to help readers to get a comprehensive understanding of global Solar Panel System market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.
By Company
Jinko Solar
JA Solar
Trina Solar
LONGi Solar
Canadian Solar
SunPower Corporation
First Solar
Hanwha Q-CELLS
Risen Energy
Talesun
Segment by Type
Monocrystalline
Polycrystalline
Thin Film
Others
Segment by Application
Residential
Commercial
Industrial
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
The Solar Panel System report covers below items:
Chapter 1: Product Basic Information (Definition, Type and Application)
Chapter 2: Manufacturers’ Competition Patterns
Chapter 3: Production Region Distribution and Analysis
Chapter 4: Country Level Sales Analysis
Chapter 5: Product Type Analysis
Chapter 6: Product Application Analysis
Chapter 7: Manufacturers’ Outline
Chapter 8: Industry Chain, Market Channel and Customer Analysis
Chapter 9: Market Opportunities and Challenges
Chapter 10: Market Conclusions
Chapter 11: Research Methodology and Data Source
Index1 Solar Panel System Market Overview
1.1 Product Definition
1.2 Solar Panel System Segment by Type
1.2.1 Global Solar Panel System Market Value Growth Rate Analysis by Type 2022 VS 2029
1.2.2 Monocrystalline
1.2.3 Polycrystalline
1.2.4 Thin Film
1.2.5 Others
1.3 Solar Panel System Segment by Application
1.3.1 Global Solar Panel System Market Value Growth Rate Analysis by Application: 2022 VS 2029
1.3.2 Residential
1.3.3 Commercial
1.3.4 Industrial
1.4 Global Market Growth Prospects
1.4.1 Global Solar Panel System Production Value Estimates and Forecasts (2018-2029)
1.4.2 Global Solar Panel System Production Capacity Estimates and Forecasts (2018-2029)
1.4.3 Global Solar Panel System Production Estimates and Forecasts (2018-2029)
1.4.4 Global Solar Panel System Market Average Price Estimates and Forecasts (2018-2029)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Solar Panel System Production Market Share by Manufacturers (2018-2023)
2.2 Global Solar Panel System Production Value Market Share by Manufacturers (2018-2023)
2.3 Global Key Players of Solar Panel System, Industry Ranking, 2021 VS 2022 VS 2023
2.4 Global Solar Panel System Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Solar Panel System Average Price by Manufacturers (2018-2023)
2.6 Global Key Manufacturers of Solar Panel System, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Solar Panel System, Product Offered and Application
2.8 Global Key Manufacturers of Solar Panel System, Date of Enter into This Industry
2.9 Solar Panel System Market Competitive Situation and Trends
2.9.1 Solar Panel System Market Concentration Rate
2.9.2 Global 5 and 10 Largest Solar Panel System Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Solar Panel System Production by Region
3.1 Global Solar Panel System Production Value Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
3.2 Global Solar Panel System Production Value by Region (2018-2029)
3.2.1 Global Solar Panel System Production Value Market Share by Region (2018-2023)
3.2.2 Global Forecasted Production Value of Solar Panel System by Region (2024-2029)
3.3 Global Solar Panel System Production Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
3.4 Global Solar Panel System Production by Region (2018-2029)
3.4.1 Global Solar Panel System Production Market Share by Region (2018-2023)
3.4.2 Global Forecasted Production of Solar Panel System by Region (2024-2029)
3.5 Global Solar Panel System Market Price Analysis by Region (2018-2023)
3.6 Global Solar Panel System Production and Value, Year-over-Year Growth
3.6.1 North America Solar Panel System Production Value Estimates and Forecasts (2018-2029)
3.6.2 Europe Solar Panel System Production Value Estimates and Forecasts (2018-2029)
3.6.3 China Solar Panel System Production Value Estimates and Forecasts (2018-2029)
3.6.4 Japan Solar Panel System Production Value Estimates and Forecasts (2018-2029)
4 Solar Panel System Consumption by Region
4.1 Global Solar Panel System Consumption Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
4.2 Global Solar Panel System Consumption by Region (2018-2029)
4.2.1 Global Solar Panel System Consumption by Region (2018-2023)
4.2.2 Global Solar Panel System Forecasted Consumption by Region (2024-2029)
4.3 North America
4.3.1 North America Solar Panel System Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.3.2 North America Solar Panel System Consumption by Country (2018-2029)
4.3.3 United States
4.3.4 Canada
4.4 Europe
4.4.1 Europe Solar Panel System Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.4.2 Europe Solar Panel System Consumption by Country (2018-2029)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Solar Panel System Consumption Growth Rate by Region: 2018 VS 2022 VS 2029
4.5.2 Asia Pacific Solar Panel System Consumption by Region (2018-2029)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Solar Panel System Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.6.2 Latin America, Middle East & Africa Solar Panel System Consumption by Country (2018-2029)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Solar Panel System Production by Type (2018-2029)
5.1.1 Global Solar Panel System Production by Type (2018-2023)
5.1.2 Global Solar Panel System Production by Type (2024-2029)
5.1.3 Global Solar Panel System Production Market Share by Type (2018-2029)
5.2 Global Solar Panel System Production Value by Type (2018-2029)
5.2.1 Global Solar Panel System Production Value by Type (2018-2023)
5.2.2 Global Solar Panel System Production Value by Type (2024-2029)
5.2.3 Global Solar Panel System Production Value Market Share by Type (2018-2029)
5.3 Global Solar Panel System Price by Type (2018-2029)
6 Segment by Application
6.1 Global Solar Panel System Production by Application (2018-2029)
6.1.1 Global Solar Panel System Production by Application (2018-2023)
6.1.2 Global Solar Panel System Production by Application (2024-2029)
6.1.3 Global Solar Panel System Production Market Share by Application (2018-2029)
6.2 Global Solar Panel System Production Value by Application (2018-2029)
6.2.1 Global Solar Panel System Production Value by Application (2018-2023)
6.2.2 Global Solar Panel System Production Value by Application (2024-2029)
6.2.3 Global Solar Panel System Production Value Market Share by Application (2018-2029)
6.3 Global Solar Panel System Price by Application (2018-2029)
7 Key Companies Profiled
7.1 Jinko Solar
7.1.1 Jinko Solar Solar Panel System Corporation Information
7.1.2 Jinko Solar Solar Panel System Product Portfolio
7.1.3 Jinko Solar Solar Panel System Production, Value, Price and Gross Margin (2018-2023)
7.1.4 Jinko Solar Main Business and Markets Served
7.1.5 Jinko Solar Recent Developments/Updates
7.2 JA Solar
7.2.1 JA Solar Solar Panel System Corporation Information
7.2.2 JA Solar Solar Panel System Product Portfolio
7.2.3 JA Solar Solar Panel System Production, Value, Price and Gross Margin (2018-2023)
7.2.4 JA Solar Main Business and Markets Served
7.2.5 JA Solar Recent Developments/Updates
7.3 Trina Solar
7.3.1 Trina Solar Solar Panel System Corporation Information
7.3.2 Trina Solar Solar Panel System Product Portfolio
7.3.3 Trina Solar Solar Panel System Production, Value, Price and Gross Margin (2018-2023)
7.3.4 Trina Solar Main Business and Markets Served
7.3.5 Trina Solar Recent Developments/Updates
7.4 LONGi Solar
7.4.1 LONGi Solar Solar Panel System Corporation Information
7.4.2 LONGi Solar Solar Panel System Product Portfolio
7.4.3 LONGi Solar Solar Panel System Production, Value, Price and Gross Margin (2018-2023)
7.4.4 LONGi Solar Main Business and Markets Served
7.4.5 LONGi Solar Recent Developments/Updates
7.5 Canadian Solar
7.5.1 Canadian Solar Solar Panel System Corporation Information
7.5.2 Canadian Solar Solar Panel System Product Portfolio
7.5.3 Canadian Solar Solar Panel System Production, Value, Price and Gross Margin (2018-2023)
7.5.4 Canadian Solar Main Business and Markets Served
7.5.5 Canadian Solar Recent Developments/Updates
7.6 SunPower Corporation
7.6.1 SunPower Corporation Solar Panel System Corporation Information
7.6.2 SunPower Corporation Solar Panel System Product Portfolio
7.6.3 SunPower Corporation Solar Panel System Production, Value, Price and Gross Margin (2018-2023)
7.6.4 SunPower Corporation Main Business and Markets Served
7.6.5 SunPower Corporation Recent Developments/Updates
7.7 First Solar
7.7.1 First Solar Solar Panel System Corporation Information
7.7.2 First Solar Solar Panel System Product Portfolio
7.7.3 First Solar Solar Panel System Production, Value, Price and Gross Margin (2018-2023)
7.7.4 First Solar Main Business and Markets Served
7.7.5 First Solar Recent Developments/Updates
7.8 Hanwha Q-CELLS
7.8.1 Hanwha Q-CELLS Solar Panel System Corporation Information
7.8.2 Hanwha Q-CELLS Solar Panel System Product Portfolio
7.8.3 Hanwha Q-CELLS Solar Panel System Production, Value, Price and Gross Margin (2018-2023)
7.8.4 Hanwha Q-CELLS Main Business and Markets Served
7.7.5 Hanwha Q-CELLS Recent Developments/Updates
7.9 Risen Energy
7.9.1 Risen Energy Solar Panel System Corporation Information
7.9.2 Risen Energy Solar Panel System Product Portfolio
7.9.3 Risen Energy Solar Panel System Production, Value, Price and Gross Margin (2018-2023)
7.9.4 Risen Energy Main Business and Markets Served
7.9.5 Risen Energy Recent Developments/Updates
7.10 Talesun
7.10.1 Talesun Solar Panel System Corporation Information
7.10.2 Talesun Solar Panel System Product Portfolio
7.10.3 Talesun Solar Panel System Production, Value, Price and Gross Margin (2018-2023)
7.10.4 Talesun Main Business and Markets Served
7.10.5 Talesun Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Solar Panel System Industry Chain Analysis
8.2 Solar Panel System Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Solar Panel System Production Mode & Process
8.4 Solar Panel System Sales and Marketing
8.4.1 Solar Panel System Sales Channels
8.4.2 Solar Panel System Distributors
8.5 Solar Panel System Customers
9 Solar Panel System Market Dynamics
9.1 Solar Panel System Industry Trends
9.2 Solar Panel System Market Drivers
9.3 Solar Panel System Market Challenges
9.4 Solar Panel System Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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