Press release
Solar Photovoltaic Panel Manufacturing Market Report 2020-30: Shows Strong Growth With Leading Players SunPower, Panasonic Corporation, Mitsubishi Electric
The global solar photovoltaic panel manufacturing market is expected to grow from $175.7 billion in 2019 to $177.9 billion in 2020 at a compound annual growth rate (CAGR) of 1.3%. The low growth is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 15% from 2021 and reach $260 billion in 2023.
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The solar photovoltaic panel manufacturing market consists of sales of solar photovoltaic panels for residential or commercial purposes. Photovoltaics (PV) is the technology for converting sunlight into electricity by using semiconductors which are present in PV cells. These PV cells are interconnected to form an array and are mounted to a frame. When the PV cells receives the sun rays, the electrons in the semiconductors are released and their movement generates an electric current. These PV cells are packaged behind glass to form photovoltaic modules with an average service life of 20-40 years.
Favorable government initiatives such as tax subsidies and huge investments favors the growth of the solar photovoltaic panel manufacturing market.
Solar Photovoltaic Panel Manufacturing Market Segmentation: -
By Technology
1. Thin Film
2. Crystalline Silicon
3. Others (Organic and Concentrator Photovoltaics)
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By End-Use
1. Residential
2. Commercial
3. Utility-Scale
Few Points From Table Of Content
1. Executive Summary
2. Solar Photovoltaic Panel Manufacturing Market Characteristics
3. Solar Photovoltaic Panel Manufacturing Market Size And Growth
4. Solar Photovoltaic Panel Manufacturing Market Segmentation
5. Solar Photovoltaic Panel Manufacturing Market Regional And Country Analysis
……
25. Solar Photovoltaic Panel Manufacturing Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Solar Photovoltaic Panel Manufacturing Market
27. Solar Photovoltaic Panel Manufacturing Market Trends And Strategies
28. Solar Photovoltaic Panel Manufacturing Market Future Outlook and Potential Analysis
29. Appendix
The report covers the trends and market dynamics of the solar photovoltaic panel manufacturing market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the solar photovoltaic panel manufacturing market are Trina, Canadian Solar, Jinko, Hanwha Q-Cell, SunPower, Panasonic Corporation
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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