Press release
Asia-Pacific Solar Energy Panel Market Is to reach $37.8 billion by 2020 | CAGR 14.8%
Asia-Pacific Solar Energy Panel Market
Asia-Pacific Solar Energy Panel Market is expected to garner $37.8 billion by 2020, registering a CAGR of 14.8% during the forecast period 2014-2020. A solar panel comprises a cluster of solar cells that generate electricity through sunlight. Thin film and crystalline silicon which includes monocrystalline & polycrystalline, are the two common types of solar cells. Thin film cells are comparatively cheaper than silicon cells. The growth of solar energy panel market is considerably rising in the Asia-Pacific countries due to favorable government regulations and increasing customer inclination towards the applications of sustainable energy. The rising cost of fossil fuels and increasing consumer awareness towards solar energy have resulted in a high production of solar panels. Low conversion efficiency is a major concern for this market, as the rate of energy conversion is low which eventually affects the power generation capacity of solar power plants.
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JinkoSolar holdings, based in Japan, launched a new solar module series eagle+ in May 2014 to increase the performance of solar products. The eagle+ series module features innovative cell and assembly technology which allows them to remain PID free under 85 degrees Celsius and in 85% of relative humidity, which is 10 times higher than International Electro technical Commission standards. Eagle+ series module minimizes the possibility of snail trailing and yellowing which results from long term use and provides new standards to render an optimum performance in this solar market. This market is segmented on the basis of Type, End User, Mounting Systems and Country.
The key players operating in this market are Canadian Solar First Solar, Jinko Solar, Sharp, Suntech Power Holdings, Trina Solar, Yingli Green Energy Holding Bosch Solar Energy, Hanwha SolarOne, JA Solar Holdings, LDK Solar, Panasonic and SolarWorld.
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KEY TAKE AWAYS
The report provides an in depth analysis of the Asia-Pacific solar energy panel market with current and future trends
This report highlights the key drivers, opportunities and restraints of the market along with an impact analysis of the forecast period
Current and future trends are outlined to determine the overall attractiveness and single out profitable trends to gain a stronger foothold in the market
Market estimation for type, end user and geography segment is derived from the current market scenario and expected market trends
The Porters five forces analysis highlights the potency of buyers and the suppliers participating in this market. This would further lend a competitive edge to the stakeholders and help in better decision making
SOLAR ENERGY PANEL MARKET SEGMENTATION
The market is segmented on the basis of Type, Mounting System, End User and Country.
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BY TYPE
Monocrystalline panel
Polycrystalline panel
Hybrid panel
Black backed panel
Thin film
BY MOUNTING SYSTEM
Ground mounted
Roof mounted
Solar tracker
Fixed racks
BY END USER
Commercial
Government
Residential
Utility-Scale
BY COUNTRY
China
Japan
Australia
India
Others
KEY PLAYERS
Canadian Solar Inc.
Jinko Solar Holding Co. Ltd.
First Solar
Suntech Power Holdings
Trina Solar
Yingli Green Energy Holding
JA Solar Holdings
Hanergy Holding Group
LDK Solar Co. Ltd.
SolarWorld
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