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Asia-Pacific Solar Panel Market to Signify Strong Growth by 2023-2029

02-28-2023 06:20 AM CET | Energy & Environment

Press release from: Orion Market Research

Asia-Pacific Solar Panel Market to Signify Strong Growth

The Asia-Pacific solar panel market is estimated to grow at a significant CAGR of 12% during the forecast period. The continued advancement in technology to produce next-generation solar panels is a major factor contributing to the growth of the market in the Asia-Pacific region. Solar panels are widely used by the residential sector to reduce electricity bills. Attributing to it being a renewable and non-polluting property; solar panels cut down the bills and are more secure than any other electric resource which is why they are highly adopted in household applications. Ongoing technological advancements in solar panels to enhance their efficiency are required as a response to rising gas emissions, air pollution, and global warming. The key companies across the globe are highly inclined toward providing a new and reliable renewable energy source in collaboration with automation companies to support green power generation by harnessing solar energy. For instance, in 2022, Siemens and Desert Technologies launched a joint venture to develop and invest in solar and smart infrastructure in several regions including Asia. The venture named Capton Energy aims to build up a portfolio of investments in projects with an aggregate capacity of more than 1 GW and will support projects providing clean, reliable, and affordable energy in areas needed. Furthermore, continuous effort to stay at the forefront of technology and product innovation by providing solar panels with high efficiency is further adding to the growth of the market. For instance, in 2021, Loom Solar, a growing Solar Tech start-up under Govt. of India's Start-Up India initiative launched India's most efficient solar panels under Loom Solar's 'Shark' series. The series comes with Pure Mono PERC solar technology with 144 Solar cells, and 9 bus bars, which makes them one of the world's most advanced technological products.

To Request a Sample of our Report on Asia-Pacific Solar Panel Market:

Market Coverage

· The market number available for - 2022-2029

· Base year- 2022

· Forecast period- 2023-2029

Segment Covered-

· By Type

· By Application

· Competitive Landscape- Canadian Solar Inc., Wuxi Suntech Power Co., Ltd., Tata Power Solar Systems Ltd, First Solar, Inc. SunPower Corporation, Trina Solar Ltd., Juwi AG, Motech Industries, Inc., Hanwha Group, and others.

Asia-Pacific Solar Panel Market Report Segment

By Panel Type

· Monocrystalline

· Polycrystalline

· Thin-Film

By Application

· Residential Sector

· Commercial Sector

By Installation

· Ground-Mount

· Rooftop

A full Report of Asia-Pacific Solar Panel Market is Available @

Asia-Pacific Solar Panel Market Report Segment by Country

· China

· India

· Japan

· Rest of Asia-Pacific

Company Profiles

· Canadian Solar Inc.

· Csun Solar Tech

· Evergreen Solar

· First Solar, Inc.

· Hanwha Group

· JA SOLAR Technology Co., Ltd.

· JinkoSolar Holding Co., Ltd.

· Juwi Holding AG

· Motech Industries Inc.


· SoloPower Systems, Inc.

· SunEdison Inc.

· SunPower Corp.

· Wuxi Suntech Power Co., Ltd.

· Tata Power Solar Systems Ltd

· Trina Solar Ltd.

· Yingli Green Energy Holding Co. Ltd.

· Zhongli Talesun Solar Co., Ltd.

Reasons to buy from us -

1. We cover more than 15 major industries, further segmented into more than 90 sectors.

2. More than 120 countries are for analysis.

3. Over 100+ paid data sources mined for investigation.

4. Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari


Contact no: +91 7803040404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

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