Press release
Harnessing Solar Panel Market Booms Investments Surge Globally To 2031 | Shunfeng International Clean Energy Limited, KyoCera Solar, Yingli Solar, Canadian Solar
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✦ The market was reflecting strong, sustained growth US$ 165.2 million in 2022 and is expected to reach US$ 642.3 million by 2031 CAGR of 18.5% during the forecasting period (2024-2031).
✦ The driving force behind this expansion is a combination of surging global demand, technological advancements, and significant investments in new infrastructure projects.
Mergers and Acquisition
Mergers and acquisitions activity for solar projects and companies has increased in the first half of 2025, with decreased valuations driving dealmaking.
New solar panel technology is focusing on perovskite solar cells, which have surpassed 30% efficiency in some lab prototypes and are being used in tandem cells with silicon to increase performance.
In August 2025, Bahrain launched a major 150-megawatt solar plant project, its first utility-scale solar project, to help meet its renewable energy goals.
India's solar manufacturing capacity has surged, with a significant increase in solar PV module and cell production, and a new law in Vermont, US, is speeding up approvals for home solar systems.
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A solar panel is a device made up of photovoltaic (PV) cells that convert sunlight directly into electricity, providing a clean, renewable, and sustainable energy source for residential, commercial, and industrial applications.
Key players:
The section also contains information related to the new product launches, mergers, acquisitions, collaborations, etc., to give a clear understanding about the competitive landscape prevailing in the global market. With an emphasis on strategies there have been several primary developments done by major companies such as
Jinko Solar
Trina Solar
Canadian Solar
JA Solar
Hanwha Q cells
GCL System Integration
Longi Solar
Shunfeng International Clean Energy Limited
KyoCera Solar
Yingli Solar
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)
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Research Process
Both primary and secondary data sources have been used in the global Solar Panel Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
Regional Analysis for Solar Panel Market:
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**
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, 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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Chapter Outline
⏩ Market Overview: The report analyzes key drivers, challenges, and opportunities shaping the industry, providing a clear picture of the forces at play.
⏩ Market Landscape: A thorough evaluation of leading industry players, including their financial performance, key product offerings, and strategic initiatives
⏩ Companies Profiles: The global Solar Panel market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.
⏩ Market Outlook by Region: A detailed breakdown of market trends, size, and growth projections across major regions, including North America, Europe, Asia Pacific, the Middle East & Africa, and South America.
⏩ Market Segments: An interpretation of how various segments by end-user, application, and type contribute to the market's overall value and growth..
⏩ Market Forecast: Production Side: Expert analysis on the production and value forecasts for the market, offering a glimpse into its trajectory.
⏩ Research Findings: This section of the report showcases the findings and analysis of the report.
⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.
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✅ Competitive Landscape
✅ Sustainability Impact Analysis
✅ KOL / Stakeholder Insights
✅ Unmet Needs & Positioning, Pricing & Market Access Snapshots
✅ Market Volatility & Emerging Risks Analysis
✅ Quarterly Industry Report Updated
✅ Live Market & Pricing Trends
✅ Import-Export Data Monitoring
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