Press release
Solar Panel Market Size, Share, Trend, Demand, Opportunity by the end of 2024 | Key Players – Yingli Solar, First Solar, Suntech Power Holdings Co. Ltd., eSolar, Tata Power Solar Systems Ltd, Gintech Energy Corp
The main objective of this report is to define, describe, and forecast the global “Solar Panel” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market. According to the report, the global solar panel market is projected to grow at a CAGR of 24% over the forecast period of 2018-2024.Solar energy is being progressively used in the commercial, industrial, and residential sectors. A solar panel is a panel when exposed to radiation from the sun is used to heat water or when mounted with solar cells are used to produce electricity. The solar panel has high proficiency crystalline solar cells and is easy to install and completely maintenance free. The use of solar panel reduces the amount of electricity coming from fossil fuels by supplying operations with clean, renewable energy from the sun. Solar panels utilized for residential rooftop applications but they are also widely used for applications such as powering electronic devices, individual gadgets, and vehicle batteries.
Download a sample report: https://www.infiniumglobalresearch.com/reports/sample-request/1993
Growing environmental awareness among consumers drives the adoption of cost-effective renewable forms of energy over conventional energy sources. In addition, mounting consciousness for energy security and self-sufficiency along with favorable government legislation is strengthening the solar panels market growth over the forecast period. Collective properties of solar power plants and increasing off-grid installations of PV systems for commercial and residential purposes is expected to have a positive impact on market growth. Installing solar panels on a house roof can decrease the household’s carbon footprint by an average of 35,180 pounds of carbon dioxide per year. However, climatic changes and cloudy weather can disturb the working of the solar panels. Similarly, solar technologies are expensive. These are some of the factors curtaining the growth of the solar panel market. Furthermore, government initiatives such as subsidiaries of the photovoltaic system and feed-in tariffs coupled with the expansion capacity in the Asia Pacific region and the U.S are anticipated to provide several growth opportunities for the key players in the solar panel market over the upcoming years.
Among the geographies, Europe dominated the global solar panel market followed by North America. The growth of the European region is due to the favorable government initiatives and increasing awareness regarding environmental conservation. Moreover, independent responsibilities of countries such as Germany, Italy, France, UK, U.S., China, Japan, and India to the Kyoto Protocol that is designated to reduce GHG (Green House Gases)emissions, is also expected to promote market growth. Increase in the manufacturers from China and technological advancement in the solar panel is anticipated to increase the demand for high crystalline silicon photovoltaic panels. With the increase in offsite and rooftop, corporate procurement the concept of community solar panel is gaining popularity in the U.S. Therefore, the companies such as Amazon, Apple, and Target. U.S. is anticipated to be the dominant market for photovoltaic (PV) tracker systems, with NEXT rocker and Array Technologies being leading players in the U.S region. California holds the largest market share in the U.S. solar panel market. However, there is continuous growth in markets like Florida, Texas, Utah, and Minnesota.
The report on global solar panel market covers segments such as type and applications. On the basis of type, the sub-markets include monocrystalline, polycrystalline, and concentrated PV cell. On the basis of applications, the sub-markets include residential, commercial, and off-grid.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section, the key trends and market size for each geography are provided over the period of 2016-2024. The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in this region. The Asia-pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China.
Feel Free to Get in Touch for Discounts and Customized Details: https://www.infiniumglobalresearch.com/reports/request-discount/1993
The report provides profiles of the companies in the market such as Yingli Solar, First Solar, SHARP CORPORATION, Suntech Power Holdings Co. Ltd., eSolar, Tata Power Solar Systems Ltd, Gintech Energy Corp, Bright source Energy Inc., and Kaneka Corp.
Report Highlights:
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the solar panel market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
About Us
Infinium Global Research and Consulting Solutions is started with a single motto of being business partner of first choice. We at Infinium work on the strengths of our clients to ensure we help them consolidate their market position. We firmly believe in the fact that ‘if you are able to develop newer opportunities then you find there is no dearth of opportunities for you. With our strategic research approaches and deep dive in the market segments, we try to find out new opportunities that our clients can encash with their existing resources. Our experts with over 100 years of cumulative experience in research offer the best in the industry services to our clients to ensure that they achieve their business goals.
Contact Us:
Infinium Global Research
Tel: +1-800-638-0796
Email: info@infiniumglobalresearch.com
Website: https://www.infiniumglobalresearch.com/
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Solar Panel Market Size, Share, Trend, Demand, Opportunity by the end of 2024 | Key Players – Yingli Solar, First Solar, Suntech Power Holdings Co. Ltd., eSolar, Tata Power Solar Systems Ltd, Gintech Energy Corp here
News-ID: 1585145 • Views: …
More Releases from Infinium Global Research

Sustainable Aviation Fuel (SAF) Market Growth Outlook Strong with USD 5000 Milli …
The global sustainable aviation fuel (SAF) market is witnessing an unprecedented surge, growing from nearly USD 290 million in 2022 to over USD 5,000 million by 2028, at a remarkable CAGR of more than 60%. This rapid expansion highlights the industry's strong commitment to decarbonizing aviation, which remains one of the most carbon-intensive transportation sectors. SAF, produced from renewable resources such as waste oils, agricultural residues, municipal waste, and biomass,…

Automotive Windshield Market Size to Expand from USD 17.49 Bn in 2023 to USD 30. …
The global automotive windshield market is one of the most essential components of the automotive industry, ensuring both passenger safety and driver visibility. Valued at USD 17.49 billion in 2023, the market is projected to reach USD 30.84 billion by 2032, expanding at a CAGR of 6.53% from 2024 to 2032. Windshields are no longer just protective glass panels; they have evolved into high-performance safety components incorporating advanced technologies such…

Satellite Communication Equipment Market Poised for USD 44 Bn by 2032
The global satellite communication (SATCOM) equipment market is undergoing rapid expansion, fueled by the increasing need for reliable connectivity across diverse applications. Valued at approximately USD 20 billion in 2023, the market is forecasted to nearly double, reaching USD 44 billion by 2032, registering a CAGR of almost 10% during 2024-2032. SATCOM equipment, comprising receivers, antennas, transponders, and transceivers, plays a critical role in enabling long-distance communication for both commercial…

Solar Vehicle Market Growth Outlook Strong with USD 6.25B Valuation by 2032
The global solar vehicle market is rapidly emerging as one of the most promising segments in sustainable mobility. Valued at USD 331.68 million in 2023, the market is expected to surge to USD 6,255.20 million by 2032, expanding at an impressive CAGR of 38.63% from 2024 to 2032. This unprecedented growth reflects the convergence of rising environmental concerns, government initiatives, and technological breakthroughs in solar panel and battery efficiency. Solar…
More Releases for Solar
Biohybrid Solar Cell Market Professional Survey Report 2022 - Jinko Solar, JA SO …
The Biohybrid Solar Cell Market Report 2022 provides a comprehensive analysis of observable trends and projections. This research shows how to attract a large number of customers. Our certified crew of economists, researchers, and advisers has made further attempts in projecting the global industry by utilising accredited global Biohybrid Solar Cell market information tools as well as various instruments and ways to successfully review and get information. The research argues…
Home Solar Power System Market Size, Share, Trends, Growth - Tesla, Panasonic So …
The Global Home Solar Power System Market study includes new innovations, market dynamics, strategic profiling in terms of the future market strategies and shares for the subsectors of the industry. This research consists of details related to the size of the industries, the major players, markets, sales volume and value. This study offers a detail data on the historical data pointers as well as forecasts by region/country for the sectors…
Solar PV Module Market Outlook To 2024 - Trina Solar, Canadian Solar Inc., JA So …
Solar PV module market from utility sector has witnessed a substantial growth globally in recent years. In the first quarter of the year, Vietnam's Ministry of Industry and Trade have talked about their FiT scheme related to utility-based solar power projects. Ongoing electrification programs and incentives benefit pertaining to grid connected power generation is surging the demand for on-grid solar PV modules. On-grid connection represented 55% of the overall solar…
Solar Simulator Market Distribution Channel 2019: Spire Solar, Solar Energy Inte …
Solar Simulator Market report aims to examine the developments of market including its market improvements, developments, positions and others.
This report on the Solar Simulator market offers explanatory knowledge on the market parts like dominating players, drivers and restraints, production, revenue, consumption, import and export, and the most effective development within the organization size, deployment type, inside, segmentation comprised throughout this analysis, also major the players have used various strategies such…
Solar PV Module Market By Key Vendors: Trina Solar, Canadian Solar Inc., JA Sola …
UK solar PV module market is set to expand owing to government initiatives towards sustainable energy integration. The export tariff introduced by the UK government facilitates USD 0.06 per unit for the surplus electricity injected back to the grid by the generator. Favorable government reforms with ambitious plan towards carbon footprint reduction will further boost the business outlook.
Request for a sample of this research report @
https://www.gminsights.com/request-sample/detail/1563
Solar PV Module Market size…
Global Solar Thermal Market 2016 Abengoa Solar, SUPCON Solar, Solar Euromed
Global Solar Thermal Market Research Report
The MRS Research Group Solar Thermal report by QY Research represents an inclusive evaluation of the Solar Thermal Market and comprises considerable insights, historical data, facts,and statistical and industry-validated data of the global market.Additionally,it consists of estimated data that is evaluated with the help of suitable set of methodologies and assumptions.The MRS Research Group report research highlights informative data and in-depth analysis of Solar Thermal…