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Global Solar Panel Industry | Rising Demand for Sustainable Electricity Solutions | Most Leading - Jinko Solar, Trina Solar, Canadian Solar, JA Solar, Hanwha Q cells, GCL System Integration

06-23-2025 03:02 PM CET | Energy & Environment

Press release from: DataM Intelligence 4 Market Research LLP

Solar Panel Market

Solar Panel Market

Global Solar Panel Market reached US$ 165.2 million in 2022 and is expected to reach US$ 642.3 million by 2031 growing with a CAGR of 18.5% during the forecast period 2024-2031.

The Solar Panel Market receives exhaustive analysis from DataM Intelligence, delivering stakeholders essential market data, emerging industry patterns, and strategic business intelligence. This in-depth research explores the competitive landscape in detail, evaluating market leaders across multiple dimensions including their innovative product offerings, competitive pricing strategies, financial performance metrics, strategic growth plans, and regional market penetration efforts.

Get exclusive insights - Request your sample report now @ https://datamintelligence.com/download-sample/solar-panel-market?ca

A solar panel is a device that converts sunlight into electricity using photovoltaic (PV) cells, typically made from silicon. Installed on rooftops, fields, or integrated into buildings, solar panels generate clean, renewable energy that can power homes, businesses, and utilities. They help reduce carbon emissions, lower electricity bills, and increase energy independence. With declining costs and advancing technology, solar panels are a key solution in the global shift toward sustainable energy.

Market Players in the Solar Panel market

The prominent players in Solar Panel market research report are: Jinko Solar, Trina Solar, Canadian Solar, JA Solar, Hanwha Q cells, GCL System Integration, Longi Solar, Shunfeng International Clean Energy Limited, KyoCera Solar and Yingli Solar.

The companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world.

Solar Panel Market Key Development

➤ In June 2023, Canadian Solar Inc. announced a US$ 250 million solar PV module manufacturing facility in Mesquite, Texas, with a 5 GW annual capacity and production expected to begin by year-end.

➤ In May 2022, NJR Clean Energy Ventures began constructing the U.S.'s largest floating solar project-an 8.9 MW installation with over 16,500 panels-at the Canoe Brook Water Treatment Facility in New Jersey.

➤ In September 2021, Bluetti launched the PV120 and PV200 portable solar panels to provide reliable emergency power solutions and support off-grid energy use.

Speak to Our Senior Analyst and Get Customization in the report as per your requirements @ https://datamintelligence.com/customize/solar-panel-market?ca

Solar Panel Market Segments

By Product: Crystalline Solar Panels, Thin-Film Solar Panels, Smart Solar Panels

By Mountings: Roof Top, Ground, Solar Tracker, Fixed Rack Systems

By Application: Commercial, Residential, Utility

The Solar Panel industry is experiencing rapid growth, driven by advancements in medical technologies, increased demand for innovative therapies, and a rising focus on patient-centered care. As these sectors evolve, the need for comprehensive market analysis becomes crucial to understand trends, regulatory changes, and emerging opportunities.

Research Methodology

Our analytical framework employs cutting-edge statistical modeling and data mining techniques to identify emerging patterns, forecast market trajectories, and decode complex industry dynamics. We enhance our findings through sophisticated market segmentation analysis and Porter's Five Forces evaluation, providing a 360-degree view of the competitive landscape. This multi-layered methodology ensures our delivered insights are not only data-driven and credible but also strategically relevant and immediately actionable for critical business decisions.

Regions Covered:

The global Solar Panel Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.

☞ North America - US, Canada, Mexico

☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe

☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific

☞ South America- Brazil, Argentina, Colombia, Rest of South America

☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel

This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, Market Access, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

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Contact Us -
Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com

About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.

Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.

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