Solar Panels Market Size, Share, Analysis, Trends, Growth 2032

Solar Panels Market

Solar Panels Market By Technology (Mono-Crystalline, Poly-Crystalline, And Thin-Film Solar Panel), By End User (Residential, Commercial and Utility): Global Industry Perspective, Comprehensive Analysis and Forecast, 2024-2032

Category: Energy & Mining Report Format : PDF Pages: 125 Report Code: ZMR-2074 Published Date: Dec-2024 Status : Published
Market Size in 2023 Market Forecast in 2032 CAGR (in %) Base Year
USD 146.19 Billion USD 413.29 Billion 12.24% 2023

Table Of Content

  • Chapter No. 1 Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2 Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Technology
        • 2.1.1.2. Market Attractiveness Analysis, By End User
        • 2.1.1.3. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Solar Panel Market, 2016 – 2028 (USD Million)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3 COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4 Solar Panel Market – Technology Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Technology, 2020 & 2028
    • 4.2. Mono-Crystalline
      • 4.2.1. Market Size and Forecast, By Region (USD Million)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Puly-Crystalline
      • 4.3.1. Market Size and Forecast, By Region (USD Million)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.4. Thin-Film Solar Panel
      • 4.4.1. Market Size and Forecast, By Region (USD Million)
      • 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.4.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5 Solar Panel Market – End User Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By End User, 2020 & 2028
    • 5.2. Residential
      • 5.2.1. Market Size and Forecast, By Region (USD Million)
      • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.3. Commercial
      • 5.3.1. Market Size and Forecast, By Region (USD Million)
      • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.4. Utility
      • 5.4.1. Market Size and Forecast, By Region (USD Million)
      • 5.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.4.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 6 Solar Panel Market – Regional Analysis
    • 6.1. Overview
      • 6.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 6.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Million)
    • 6.2. North America
      • 6.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.2.2. North America Market Revenue, By Technology, 2016 – 2028
      • 6.2.3. North America Market Revenue, By End User, 2016 – 2028
      • 6.2.4. U.S.
        • 6.2.4.1. U.S. Market Revenue, By Technology, 2016 – 2028
        • 6.2.4.2. U.S. Market Revenue, By End User, 2016 – 2028
      • 6.2.5. Canada
        • 6.2.5.1. Canada Market Revenue, By Technology, 2016 – 2028
        • 6.2.5.2. Canada Market Revenue, By End User, 2016 – 2028
      • 6.2.6. Mexico
        • 6.2.6.1. Mexico Market Revenue, By Technology, 2016 – 2028
        • 6.2.6.2. Mexico Market Revenue, By End User, 2016 – 2028
    • 6.3. Europe
      • 6.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.3.2. Europe Market Revenue, By Technology, 2016 – 2028
      • 6.3.3. Europe Market Revenue, By End User, 2016 – 2028
      • 6.3.4. Germany
        • 6.3.4.1. Germany Market Revenue, By Technology, 2016 – 2028
        • 6.3.4.2. Germany Market Revenue, By End User, 2016 – 2028
      • 6.3.5. France
        • 6.3.5.1. France Market Revenue, By Technology, 2016 – 2028
        • 6.3.5.2. France Market Revenue, By End User, 2016 – 2028
      • 6.3.6. U.K.
        • 6.3.6.1. U.K. Market Revenue, By Technology, 2016 – 2028
        • 6.3.6.2. U.K. Market Revenue, By End User, 2016 – 2028
      • 6.3.7. Italy
        • 6.3.7.1. Italy Market Revenue, By Technology, 2016 – 2028
        • 6.3.7.2. Italy Market Revenue, By End User, 2016 – 2028
      • 6.3.8. Spain
        • 6.3.8.1. Spain Market Revenue, By Technology, 2016 – 2028
        • 6.3.8.2. Spain Market Revenue, By End User, 2016 – 2028
      • 6.3.9. Rest of Europe
        • 6.3.9.1. Rest of Europe Market Revenue, By Technology, 2016 – 2028
        • 6.3.9.2. Rest of Europe Market Revenue, By End User, 2016 – 2028
    • 6.4. Asia Pacific
      • 6.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.4.2. Asia Pacific Market Revenue, By Technology, 2016 – 2028
      • 6.4.3. Asia Pacific Market Revenue, By End User, 2016 – 2028
      • 6.4.4. China
        • 6.4.4.1. China Market Revenue, By Technology, 2016 – 2028
        • 6.4.4.2. China Market Revenue, By End User, 2016 – 2028
      • 6.4.5. Japan
        • 6.4.5.1. Japan Market Revenue, By Technology, 2016 – 2028
        • 6.4.5.2. Japan Market Revenue, By End User, 2016 – 2028
      • 6.4.6. India
        • 6.4.6.1. India Market Revenue, By Technology, 2016 – 2028
        • 6.4.6.2. India Market Revenue, By End User, 2016 – 2028
      • 6.4.7. South Korea
        • 6.4.7.1. South Korea Market Revenue, By Technology, 2016 – 2028
        • 6.4.7.2. South Korea Market Revenue, By End User, 2016 – 2028
      • 6.4.8. South-East Asia
        • 6.4.8.1. South-East Asia Market Revenue, By Technology, 2016 – 2028
        • 6.4.8.2. South-East Asia Market Revenue, By End User, 2016 – 2028
      • 6.4.9. Rest of Asia Pacific
        • 6.4.9.1. Rest of Asia Pacific Market Revenue, By Technology, 2016 – 2028
        • 6.4.9.2. Rest of Asia Pacific Market Revenue, By End User, 2016 – 2028
    • 6.5. Latin America
      • 6.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.5.2. Latin America Market Revenue, By Technology, 2016 – 2028
      • 6.5.3. Latin America Market Revenue, By End User, 2016 – 2028
      • 6.5.4. Brazil
        • 6.5.4.1. Brazil Market Revenue, By Technology, 2016 – 2028
        • 6.5.4.2. Brazil Market Revenue, By End User, 2016 – 2028
      • 6.5.5. Argentina
        • 6.5.5.1. Argentina Market Revenue, By Technology, 2016 – 2028
        • 6.5.5.2. Argentina Market Revenue, By End User, 2016 – 2028
      • 6.5.6. Rest of Latin America
        • 6.5.6.1. Rest of Latin America Market Revenue, By Technology, 2016 – 2028
        • 6.5.6.2. Rest of Latin America Market Revenue, By End User, 2016 – 2028
    • 6.6. The Middle-East and Africa
      • 6.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.6.2. The Middle-East and Africa Market Revenue, By Technology, 2016 – 2028
      • 6.6.3. The Middle-East and Africa Market Revenue, By End User, 2016 – 2028
      • 6.6.4. GCC Countries
        • 6.6.4.1. GCC Countries Market Revenue, By Technology, 2016 – 2028
        • 6.6.4.2. GCC Countries Market Revenue, By End User, 2016 – 2028
      • 6.6.5. South Africa
        • 6.6.5.1. South Africa Market Revenue, By Technology, 2016 – 2028
        • 6.6.5.2. South Africa Market Revenue, By End User, 2016 – 2028
      • 6.6.6. Rest of Middle-East Africa
        • 6.6.6.1. Rest of Middle-East Africa Market Revenue, By Technology, 2016 – 2028
        • 6.6.6.2. Rest of Middle-East Africa Market Revenue, By End User, 2016 – 2028
  • Chapter No. 7 Solar Panel Market – Industry Analysis
    • 7.1. Introduction
    • 7.2. Market Drivers
      • 7.2.1. Driving Factor 1 Analysis
      • 7.2.2. Driving Factor 2 Analysis
    • 7.3. Market Restraints
      • 7.3.1. Restraining Factor Analysis
    • 7.4. Market Opportunities
      • 7.4.1. Market Opportunity Analysis
    • 7.5. Porter’s Five Forces Analysis
    • 7.6. PEST Analysis
    • 7.7. Regulatory Landscape
    • 7.8. Technology Landscape
    • 7.9. Regional Market Trends
      • 7.9.1. North America
      • 7.9.2. Europe
      • 7.9.3. Asia Pacific
      • 7.9.4. Latin America
      • 7.9.5. The Middle-East and Africa
    • 7.10. Pricing Analysis
    • 7.11. Value Chain Analysis
    • 7.12. Downstream Buyers
    • 7.13. Distributors/Traders List
  • Chapter No. 8 Competitive Landscape
    • 8.1. Company Market Share Analysis – 2019
      • 8.1.1. Global Solar Panel Market: Company Market Share, 2019
      • 8.1.2. Global Solar Panel Market, Company Market Revenue, 2016 – 2019 (USD Million)
      • 8.1.3. Global Solar Panel Market, Company Y-o-Y Growth, 2017 – 2019 (%)
      • 8.1.4. Global Solar Panel Market: Radar Determinant Chart, 2019
    • 8.2. Strategic Developments
      • 8.2.1. Acquisitions & Mergers
      • 8.2.2. New Product Launch
      • 8.2.3. Regional Expansion
    • 8.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 9 Company Profiles
    • 9.1. Canadian Solar
      • 9.1.1. Company Overview
      • 9.1.2. Key Executives
      • 9.1.3. Product Portfolio
      • 9.1.4. Financial Overview
      • 9.1.5. Operating Business Segments
      • 9.1.6. Business Performance
      • 9.1.7. Recent Developments
    • 9.2. Sunpower
    • 9.3. LG
    • 9.4. Hyundai
    • 9.5. Trina Solar
    • 9.6. JinkoSolar
    • 9.7. Hanwha Q Cells
    • 9.8. Microtek
    • 9.9. Tesla
    • 9.10. SolarWorld
    • 9.11. JA Solar
    • 9.12. Longi Solar
    • 9.13. adani
  • Chapter No. 10 Marketing Strategy Analysis
    • 10.1. Marketing Channel
    • 10.2. Direct Marketing
    • 10.3. Indirect Marketing
    • 10.4. Marketing Channel Development Trends
    • 10.5. Economic/Pulitical Environmental Change
  • Chapter No. 11 Research Methodology
    • 11.1. Research Methodology
    • 11.2. Phase I - Secondary Research
    • 11.3. Phase II - Data Modeling
      • 11.3.1. Company Share Analysis Model
      • 11.3.2. Revenue Based Modeling
    • 11.4. Phase III - Primary Research
    • 11.5. Research Limitations
      • 11.5.1. Assumptions.

Table Of Figures

List of Figures    

FIG NO. 1.    Market Attractiveness Analysis, By Technology
FIG NO. 2.    Market Attractiveness Analysis, By End User
FIG NO. 3.    Market Attractiveness Analysis, By Region
FIG NO. 4.    Global Solar Panel Market Revenue, 2016 – 2028 (USD Million)
FIG NO. 5.    Impact of COVID-19 Pandemic in North America Countries
FIG NO. 6.    Market Revenue Share, By Technology, 2020 & 2028
FIG NO. 7.    Global Solar Panel Market for Mono-Crystalline, Revenue (USD Million) 2016 – 2028
FIG NO. 8.    Comparative Revenue Analysis of Solar Panel Market for Mono-Crystalline, By Country, 2020 & 2028
FIG NO. 9.    Global Solar Panel Market for Poly-Crystalline, Revenue (USD Million) 2016 – 2028
FIG NO. 10.    Comparative Revenue Analysis of Solar Panel Market for Poly-Crystalline, By Country, 2020 & 2028
FIG NO. 11.    Global Solar Panel Market for Thin-Film Solar Panel, Revenue (USD Million) 2016 – 2028
FIG NO. 12.    Comparative Revenue Analysis of Solar Panel Market for Thin-Film Solar Panel, By Country, 2020 & 2028
FIG NO. 13.    Market Revenue Share, By End User, 2020 & 2028
FIG NO. 14.    Global Solar Panel Market for Residential, Revenue (USD Million) 2016 – 2028
FIG NO. 15.    Comparative Revenue Analysis of Solar Panel Market for Residential, By Country, 2020 & 2028
FIG NO. 16.    Global Solar Panel Market for Commercial, Revenue (USD Million) 2016 – 2028
FIG NO. 17.    Comparative Revenue Analysis of Solar Panel Market for Commercial, By Country, 2020 & 2028
FIG NO. 18.    Global Solar Panel Market for Utility, Revenue (USD Million) 2016 – 2028
FIG NO. 19.    Comparative Revenue Analysis of Solar Panel Market for Utility, By Country, 2020 & 2028
FIG NO. 20.    Global Solar Panel Market Revenue Share, By Region, 2020 & 2028
FIG NO. 21.    North America Solar Panel Market Revenue, 2016 - 2028 (USD Million)
FIG NO. 22.    Porter’s Five Forces Analysis for Global Solar Panel Market
FIG NO. 23.    PEST Analysis for Global Solar Panel Market
FIG NO. 24.    Pricing Analysis for Global Solar Panel Market
FIG NO. 25.    Value Chain Analysis for Global Solar Panel Market
FIG NO. 26.    Company Share Analysis, 2019
FIG NO. 27.    Radar Determinant Chart, 2019
FIG NO. 28.    Company Strategic Developments – Heat Map Analysis
FIG NO. 29.    Canadian Solar Business Segment Revenue Share, 2020 (%)
FIG NO. 30.    Canadian Solar Geographical Segment Revenue Share, 2020 (%)
FIG NO. 31.    Market Channels
FIG NO. 32.    Marketing Channel Development Trend
FIG NO. 33.    Growth in World Gross Product, 2008-2018
FIG NO. 34.    Research Methodology – Detailed View
FIG NO. 35.    Research Methodology
 


Table Of Tables

List of Tables    

TABLE NO. 1. Global Solar Panel Market: Snapshot
TABLE NO. 2. Quarterly Solar Panel Market Revenue by Region, 2020
TABLE NO. 3. Quarterly Solar Panel Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
TABLE NO. 6. Global Solar Panel Market for Mono-Crystalline, by Region, 2016 – 2028 (USD Million)
TABLE NO. 7. Global Solar Panel Market for Poly-Crystalline, by Region, 2016 – 2028 (USD Million)
TABLE NO. 8. Global Solar Panel Market for Thin-Film Solar Panel, by Region, 2016 – 2028 (USD Million)
TABLE NO. 9. Global Solar Panel Market for Residential, by Region, 2016 – 2028 (USD Million)
TABLE NO. 10. Global Solar Panel Market for Commercial, by Region, 2016 – 2028 (USD Million)
TABLE NO. 11. Global Solar Panel Market for Utility, by Region, 2016 – 2028 (USD Million)
TABLE NO. 12. Global Solar Panel Market Revenue, By Region, 2016 – 2028 (USD Million)
TABLE NO. 13. North America Solar Panel Market Revenue, By Country, 2016 – 2028 (USD Million)
TABLE NO. 14. North America Solar Panel Market Revenue, By Technology, 2016 – 2028 (USD Million)
TABLE NO. 15. North America Solar Panel Market Revenue, By End User, 2016 – 2028 (USD Million)
TABLE NO. 16. U.S. Solar Panel Market Revenue, By Technology, 2016 – 2028 (USD Million)
TABLE NO. 17. U.S. Solar Panel Market Revenue, By End User, 2016 – 2028 (USD Million)
TABLE NO. 18. Canada Solar Panel Market Revenue, By Technology, 2016 – 2028 (USD Million)
TABLE NO. 19. Canada Solar Panel Market Revenue, By End User, 2016 – 2028 (USD Million)
TABLE NO. 20. Mexico Solar Panel Market Revenue, By Technology, 2016 – 2028 (USD Million)
TABLE NO. 21. Mexico Solar Panel Market Revenue, By End User, 2016 – 2028 (USD Million)
TABLE NO. 22. Drivers for the Solar Panel Market: Impact Analysis
TABLE NO. 23. Restraints for the Solar Panel Market: Impact Analysis
TABLE NO. 24. Major Buyers of Solar Panel
TABLE NO. 25. Distributors/Traders List of Solar Panel
TABLE NO. 26. Global Solar Panel Market, Company Market Revenue, 2016 – 2019 (USD Million)
TABLE NO. 27. Global Solar Panel Market, Company Y-o-Y Growth, 2017 – 2019 (USD Million)
    
    
    
    
    
    
    
    
 

Methodology

FrequentlyAsked Questions

Zion Market Research has published a report on the global Solar Panels Market, estimating its value at USD 146.19 Billion in 2023, with projections indicating that it will reach USD 413.29 Billion by 2032.

The market is expected to expand at a compound annual growth rate (CAGR) of 12.24% over the forecast period 2024-2032.

Some of the key factors driving the global solar panel market growth are It is unconventional and convenient source of energy. Solar energy is also a solution towards global warming and greenhouse gases effect.

The Asia Pacfic region held a largest share in 2020. This is attributable to the presence of top companies such as Trina Solar, JinkoSolar, Hanwha Q Cells, Microtek, Tesla, SolarWorld JA Solar, Longi Solar,etc among others. Moreover, the increasing usage of solar panel market is expected to generate huge demand for the market in this region.

Some of the major companies operating in the solar panel market Canadian Solar, Sunpower, LG, Hyundai, Trina Solar, JinkoSolar, Hanwha Q Cells, Microtek, Tesla, SolarWorld JA Solar, Longi Solar, adani etc. among others.

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