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Solar Power Products-Global Market Insights and Sales Trends 2024
Synopsis
The global Solar Power Products market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Solar Power Products in various end use industries. The expanding demands from the Residential, Commercial and Industrial,, are propelling Solar Power Products market. Solar Rooftop PV, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Solar Pumps segment is estimated at % CAGR for the next seven-year period.
China has implemented the Renewable Energy Law since 2006, in which Article 4 clearly states that, the State gives first priority to the exploration of renewable energy. Over the years, various departments of the Chinese government have successively issued a large number of policies, covering production, sales, taxation, subsidies and other aspects. After setting the carbon neutrality goal in 2021, from a national perspective, the upgrading of the energy structure is ever imperative, and therefore the optoelectronic industry has great potential. The European Commission released the Net-Zero Industry Act in 2023. This bill aims to stimulate local manufacturing in Europe, reduce import dependence on China, and ensure that at least 40% of the EU's clean energy demand can be met by 2030. The EU targets an installed solar capacity of 600 GW. Overall, the European market still has a lot of room for development. US 2022 release of the Inflation Reduction Act, which includes $369 billion for energy security and climate change investments. For the photovoltaic industry, the bill stimulates its development from multiple aspects such as corporate and individual tax credits, production subsidies, and loans throughout the industry chain, and revitalizes the domestic manufacturing industry in the United States. Japanese authorities plan to make solar panels mandatory for new residential buildings in Tokyo from 2025 onwards. It is estimated that by 2030, photovoltaic power generation will account for 14%-16% of Japan's total power generation, and the cumulative installed capacity of photovoltaic systems will be about 117.316 GW.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Solar Power Products, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Solar Power Products market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Solar Power Products market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Solar Power Products sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Solar Power Products covered in this report include Tata Power Solar Systems, Vikram Solar, Fourth Partner Energy, Vorks Energy, Scorpius Trackers, Topsun Energy, Waaree Energies, Shakti Pumps (India) and Elecomponics Technologies, etc.
The global Solar Power Products market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Tata Power Solar Systems
Vikram Solar
Fourth Partner Energy
Vorks Energy
Scorpius Trackers
Topsun Energy
Waaree Energies
Shakti Pumps (India)
Elecomponics Technologies
Zenith Solar Systems
Global Solar Power Products market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Solar Power Products market, Segment by Type:
Solar Rooftop PV
Solar Pumps
Solar Lantern
Other
Global Solar Power Products market, by Application
Residential
Commercial
Industrial
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Solar Power Products manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Solar Power Products in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
The global Solar Power Products market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Solar Power Products in various end use industries. The expanding demands from the Residential, Commercial and Industrial,, are propelling Solar Power Products market. Solar Rooftop PV, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Solar Pumps segment is estimated at % CAGR for the next seven-year period.
China has implemented the Renewable Energy Law since 2006, in which Article 4 clearly states that, the State gives first priority to the exploration of renewable energy. Over the years, various departments of the Chinese government have successively issued a large number of policies, covering production, sales, taxation, subsidies and other aspects. After setting the carbon neutrality goal in 2021, from a national perspective, the upgrading of the energy structure is ever imperative, and therefore the optoelectronic industry has great potential. The European Commission released the Net-Zero Industry Act in 2023. This bill aims to stimulate local manufacturing in Europe, reduce import dependence on China, and ensure that at least 40% of the EU's clean energy demand can be met by 2030. The EU targets an installed solar capacity of 600 GW. Overall, the European market still has a lot of room for development. US 2022 release of the Inflation Reduction Act, which includes $369 billion for energy security and climate change investments. For the photovoltaic industry, the bill stimulates its development from multiple aspects such as corporate and individual tax credits, production subsidies, and loans throughout the industry chain, and revitalizes the domestic manufacturing industry in the United States. Japanese authorities plan to make solar panels mandatory for new residential buildings in Tokyo from 2025 onwards. It is estimated that by 2030, photovoltaic power generation will account for 14%-16% of Japan's total power generation, and the cumulative installed capacity of photovoltaic systems will be about 117.316 GW.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Solar Power Products, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Solar Power Products market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Solar Power Products market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Solar Power Products sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Solar Power Products covered in this report include Tata Power Solar Systems, Vikram Solar, Fourth Partner Energy, Vorks Energy, Scorpius Trackers, Topsun Energy, Waaree Energies, Shakti Pumps (India) and Elecomponics Technologies, etc.
The global Solar Power Products market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Tata Power Solar Systems
Vikram Solar
Fourth Partner Energy
Vorks Energy
Scorpius Trackers
Topsun Energy
Waaree Energies
Shakti Pumps (India)
Elecomponics Technologies
Zenith Solar Systems
Global Solar Power Products market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Solar Power Products market, Segment by Type:
Solar Rooftop PV
Solar Pumps
Solar Lantern
Other
Global Solar Power Products market, by Application
Residential
Commercial
Industrial
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Solar Power Products manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Solar Power Products in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Solar Power Products Market Overview
1.1 Solar Power Products Product Overview
1.2 Solar Power Products Market Segment by Type
1.2.1 Solar Rooftop PV
1.2.2 Solar Pumps
1.2.3 Solar Lantern
1.2.4 Other
1.3 Global Solar Power Products Market Size by Type
1.3.1 Global Solar Power Products Market Size Overview by Type (2018-2029)
1.3.2 Global Solar Power Products Historic Market Size Review by Type (2018-2023)
1.3.3 Global Solar Power Products Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Solar Power Products Sales Breakdown by Type (2018-2023)
1.4.2 Europe Solar Power Products Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Solar Power Products Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Solar Power Products Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Solar Power Products Sales Breakdown by Type (2018-2023)
2 Global Solar Power Products Market Competition by Company
2.1 Global Top Players by Solar Power Products Sales (2018-2023)
2.2 Global Top Players by Solar Power Products Revenue (2018-2023)
2.3 Global Top Players by Solar Power Products Price (2018-2023)
2.4 Global Top Manufacturers Solar Power Products Manufacturing Base Distribution, Sales Area, Product Type
2.5 Solar Power Products Market Competitive Situation and Trends
2.5.1 Solar Power Products Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Solar Power Products Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Solar Power Products as of 2022)
2.7 Date of Key Manufacturers Enter into Solar Power Products Market
2.8 Key Manufacturers Solar Power Products Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Solar Power Products Status and Outlook by Region
3.1 Global Solar Power Products Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Solar Power Products Historic Market Size by Region
3.2.1 Global Solar Power Products Sales in Volume by Region (2018-2023)
3.2.2 Global Solar Power Products Sales in Value by Region (2018-2023)
3.2.3 Global Solar Power Products Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Solar Power Products Forecasted Market Size by Region
3.3.1 Global Solar Power Products Sales in Volume by Region (2024-2029)
3.3.2 Global Solar Power Products Sales in Value by Region (2024-2029)
3.3.3 Global Solar Power Products Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Solar Power Products by Application
4.1 Solar Power Products Market Segment by Application
4.1.1 Residential
4.1.2 Commercial
4.1.3 Industrial
4.2 Global Solar Power Products Market Size by Application
4.2.1 Global Solar Power Products Market Size Overview by Application (2018-2029)
4.2.2 Global Solar Power Products Historic Market Size Review by Application (2018-2023)
4.2.3 Global Solar Power Products Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Solar Power Products Sales Breakdown by Application (2018-2023)
4.3.2 Europe Solar Power Products Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Solar Power Products Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Solar Power Products Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Solar Power Products Sales Breakdown by Application (2018-2023)
5 North America Solar Power Products by Country
5.1 North America Solar Power Products Historic Market Size by Country
5.1.1 North America Solar Power Products Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Solar Power Products Sales in Volume by Country (2018-2023)
5.1.3 North America Solar Power Products Sales in Value by Country (2018-2023)
5.2 North America Solar Power Products Forecasted Market Size by Country
5.2.1 North America Solar Power Products Sales in Volume by Country (2024-2029)
5.2.2 North America Solar Power Products Sales in Value by Country (2024-2029)
6 Europe Solar Power Products by Country
6.1 Europe Solar Power Products Historic Market Size by Country
6.1.1 Europe Solar Power Products Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Solar Power Products Sales in Volume by Country (2018-2023)
6.1.3 Europe Solar Power Products Sales in Value by Country (2018-2023)
6.2 Europe Solar Power Products Forecasted Market Size by Country
6.2.1 Europe Solar Power Products Sales in Volume by Country (2024-2029)
6.2.2 Europe Solar Power Products Sales in Value by Country (2024-2029)
7 Asia-Pacific Solar Power Products by Region
7.1 Asia-Pacific Solar Power Products Historic Market Size by Region
7.1.1 Asia-Pacific Solar Power Products Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Solar Power Products Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Solar Power Products Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Solar Power Products Forecasted Market Size by Region
7.2.1 Asia-Pacific Solar Power Products Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Solar Power Products Sales in Value by Region (2024-2029)
8 Latin America Solar Power Products by Country
8.1 Latin America Solar Power Products Historic Market Size by Country
8.1.1 Latin America Solar Power Products Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Solar Power Products Sales in Volume by Country (2018-2023)
8.1.3 Latin America Solar Power Products Sales in Value by Country (2018-2023)
8.2 Latin America Solar Power Products Forecasted Market Size by Country
8.2.1 Latin America Solar Power Products Sales in Volume by Country (2024-2029)
8.2.2 Latin America Solar Power Products Sales in Value by Country (2024-2029)
9 Middle East and Africa Solar Power Products by Country
9.1 Middle East and Africa Solar Power Products Historic Market Size by Country
9.1.1 Middle East and Africa Solar Power Products Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Solar Power Products Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Solar Power Products Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Solar Power Products Forecasted Market Size by Country
9.2.1 Middle East and Africa Solar Power Products Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Solar Power Products Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Tata Power Solar Systems
10.1.1 Tata Power Solar Systems Company Information
10.1.2 Tata Power Solar Systems Introduction and Business Overview
10.1.3 Tata Power Solar Systems Solar Power Products Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Tata Power Solar Systems Solar Power Products Products Offered
10.1.5 Tata Power Solar Systems Recent Development
10.2 Vikram Solar
10.2.1 Vikram Solar Company Information
10.2.2 Vikram Solar Introduction and Business Overview
10.2.3 Vikram Solar Solar Power Products Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Vikram Solar Solar Power Products Products Offered
10.2.5 Vikram Solar Recent Development
10.3 Fourth Partner Energy
10.3.1 Fourth Partner Energy Company Information
10.3.2 Fourth Partner Energy Introduction and Business Overview
10.3.3 Fourth Partner Energy Solar Power Products Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Fourth Partner Energy Solar Power Products Products Offered
10.3.5 Fourth Partner Energy Recent Development
10.4 Vorks Energy
10.4.1 Vorks Energy Company Information
10.4.2 Vorks Energy Introduction and Business Overview
10.4.3 Vorks Energy Solar Power Products Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Vorks Energy Solar Power Products Products Offered
10.4.5 Vorks Energy Recent Development
10.5 Scorpius Trackers
10.5.1 Scorpius Trackers Company Information
10.5.2 Scorpius Trackers Introduction and Business Overview
10.5.3 Scorpius Trackers Solar Power Products Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Scorpius Trackers Solar Power Products Products Offered
10.5.5 Scorpius Trackers Recent Development
10.6 Topsun Energy
10.6.1 Topsun Energy Company Information
10.6.2 Topsun Energy Introduction and Business Overview
10.6.3 Topsun Energy Solar Power Products Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Topsun Energy Solar Power Products Products Offered
10.6.5 Topsun Energy Recent Development
10.7 Waaree Energies
10.7.1 Waaree Energies Company Information
10.7.2 Waaree Energies Introduction and Business Overview
10.7.3 Waaree Energies Solar Power Products Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Waaree Energies Solar Power Products Products Offered
10.7.5 Waaree Energies Recent Development
10.8 Shakti Pumps (India)
10.8.1 Shakti Pumps (India) Company Information
10.8.2 Shakti Pumps (India) Introduction and Business Overview
10.8.3 Shakti Pumps (India) Solar Power Products Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Shakti Pumps (India) Solar Power Products Products Offered
10.8.5 Shakti Pumps (India) Recent Development
10.9 Elecomponics Technologies
10.9.1 Elecomponics Technologies Company Information
10.9.2 Elecomponics Technologies Introduction and Business Overview
10.9.3 Elecomponics Technologies Solar Power Products Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Elecomponics Technologies Solar Power Products Products Offered
10.9.5 Elecomponics Technologies Recent Development
10.10 Zenith Solar Systems
10.10.1 Zenith Solar Systems Company Information
10.10.2 Zenith Solar Systems Introduction and Business Overview
10.10.3 Zenith Solar Systems Solar Power Products Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Zenith Solar Systems Solar Power Products Products Offered
10.10.5 Zenith Solar Systems Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Solar Power Products Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Solar Power Products Industrial Chain Analysis
11.4 Solar Power Products Market Dynamics
11.4.1 Solar Power Products Industry Trends
11.4.2 Solar Power Products Market Drivers
11.4.3 Solar Power Products Market Challenges
11.4.4 Solar Power Products Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Solar Power Products Distributors
12.3 Solar Power Products Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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