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2022 Solar Photovoltaic Panel Manufacturing Global Market Analysis And Forecast 2031 | Technologies, Demand, Growth, Research And Players Trina, Canadian Solar, Jinko, Hanwha Q-Cell, SunPower
Solar Photovoltaic Panel Manufacturing Market
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The global solar photovoltaic panel manufacturing market report by the business research company identifies favorable government initiatives such as tax subsidies and huge investments favor the growth of the solar photovoltaic panel manufacturing market. In India, MNRE (Ministry of New and Renewable Energy - Central Government) has set the target to achieve 227 Gigawatts (22,70,00,000 kilowatt) of electricity production from solar PV cells by 31 March 2022. To achieve this target, the Indian government is promoting solar PV cell production through huge investments and policies that influence the solar PV panel manufacturing market directly or indirectly. For instance, the government of India has sectioned an amount of $0.71 billion (5000 crores) for solar subsidies. The Jawaharlal Nehru National Solar Mission scheme is being implemented by IREDA (Indian Renewable Energy Development Agency Ltd.) through NABARD (National Bank for Agriculture and Rural Development). The scheme provides a 40% subsidy on capital costs of solar PV systems for units located in both urban and rural areas in India. India is also supported by the Asian Development Bank (ADB), which announced a grant of USD 500 million towards rooftop solar PV panel systems, which will help the Indian government increase its renewable energy penetration by using solar energy. Another such example is the Swedish government, under Regulation No. 2009:689, which authorizes grants for the installation of on-grid photovoltaics that started in July 2009 or later and is proposed to be completed by 31 December 2020.
The global solar photovoltaic panel manufacturing market is expected to grow from $177.20 billion in 2021 to $209.90 billion in 2022 at a compound annual growth rate (CAGR) of 18.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The solar photovoltaic panel manufacturing market is expected to reach $416.87 billion in 2026 at a CAGR of 18.7%.
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The regions covered in the solar photovoltaic panel manufacturing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major players in the solar photovoltaic panel manufacturing market are Trina, Canadian Solar, Jinko, Hanwha Q-Cell, SunPower, Panasonic Corporation, Q.ANTUM technology, Mitsubishi Electric, Suntech Power Holding Co. Ltd., and Vikram Solar.
The global Solar photovoltaic panel manufacturing market is segmented -
1) By Technology: Thin Film, Crystalline Silicon, Others
2) By End-Use: Residential, Commercial, Utility-Scale
3) By Grid Type: Grid Connected, Off-Grid
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The Solar photovoltaic panel manufacturing Market Report Contents Include
1. Executive Summary
2. Solar Photovoltaic Panel Manufacturing Market Characteristics
3. Solar Photovoltaic Panel Manufacturing Market Trends And Strategies
4. Solar Photovoltaic Panel Manufacturing Market - Macro Economic Scenario
5. Solar Photovoltaic Panel Manufacturing Market Size And Growth
.........
28. Key Mergers And Acquisitions In The Solar Photovoltaic Panel Manufacturing Market
29. Solar Photovoltaic Panel Manufacturing Market Future Outlook And Potential Analysis
30. Appendix
This 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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