ソーラーパネル市場レポート：タイプ別、最終用途別、地域別、2024年～2032年

世界のソーラーパネル市場規模は2023年に259.7GWに達しました。IMARC Groupは、2024年から2032年にかけての成長率（CAGR）は16.8%で、2032年には1,096.5GWに達すると予測しています。この市場は、個人における環境への関心の高まり、いくつかの国の政府機関による厳しい炭素規制政策の実施といくつかのインセンティブの提供、材料や設計における技術的進歩によって、着実な成長を遂げています。

ソーラーパネル市場分析：

市場の成長と規模：市場の成長と規模：気候変動と闘う必要性の高まりと政府の積極的な取り組みにより、市場は安定した成長を遂げています。

技術の進歩：太陽電池パネルの効率向上、コスト削減、耐久性向上などの技術革新により、太陽エネルギーは競争力を増しています。

産業用途：ソーラーパネルは、発電のために住宅、商業、工業の現場で広く使用されています。また、ソーラー自動車、携帯充電器、建物一体型太陽光発電（BIPV）など、さまざまな用途に組み込まれています。

地理的動向：アジア太平洋は、エネルギー需要の増加に牽引されて市場をリードしています。しかし北米は、環境問題に対する個人の意識の高まりから、急成長市場として浮上しています。

競合情勢：主なプレーヤーは、より効率的で費用対効果の高いソーラーパネル技術を開発しています。

課題と機会：エネルギー貯蔵ソリューションの必要性など、新興国市場は課題に直面しているが、同時に先端技術の開発という機会にも遭遇しています。

将来の展望：IoT（モノのインターネット）技術のソーラーパネル・システムへの統合により、ソーラーパネル市場の将来は有望です。また、次世代太陽電池の開発が進むことで、市場開拓が進むとみられます。

ソーラーパネル市場動向：

環境問題への関心の高まり

個人における環境問題への関心の高まりを背景としたソーラーパネル需要の拡大は、市場の先行きに明るい兆しをもたらしています。これに伴い、気候変動に対処し、環境における炭素排出を緩和する必要性が高まっていることが、市場の成長を支えています。さらに、発電のための化石燃料の燃焼は温室効果ガス（GHG）排出の主な原因であり、この温室効果ガスは地球の大気中に熱を閉じ込め、地球温暖化を引き起こします。これとは別に、ソーラーパネルは炭素排出を大幅に削減するクリーンで持続可能なエネルギー・ソリューションを提供します。これは、気候変動を緩和し、より環境に優しい未来へと移行するための世界の取り組みと一致しています。さらに、二酸化炭素排出量と環境への影響を削減し、持続可能性の目標を維持するために、組織でソーラーパネルの採用が増加していることが、市場の成長を促しています。これに加えて、ソーラーパネルは太陽の力を利用することで、この目標を達成するための利用しやすい手段を提供しています。さらに、より環境に優しい環境を促進する再生可能エネルギー源のニーズが高まっています。

政府の積極的な取り組み

いくつかの国の政府機関は、厳しい炭素規制政策を実施することでソーラーパネルの採用を奨励しており、これが市場の成長を後押ししています。また、納税者がソーラー・パネル・システムの費用の一定割合を税額控除として受け取ることができる税額控除も提供されています。これとは別に、こうした政策や金融優遇措置は、個人や組織が太陽エネルギー・システムに投資することを奨励しています。さらに、政府当局はリベートや補助金を提供し、設置にかかる初期費用を直接削減することで、太陽光パネルをより手頃な価格で購入できるようにしています。これに加えて、ネットメータリング政策により、ソーラーパネルの所有者は余剰電力を送電網に売ることができます。さらに、固定価格買取制度は、ソーラーパネルで発電された電力に対して一定の支払いを保証するものです。こうしたインセンティブは、ソーラーパネル設置の経済的負担を軽減するだけではないです。さらに、より効率的で費用対効果の高いソーラーパネル技術の開発が進んでいることも、市場の成長に寄与しています。

技術の進歩

ソーラーパネルの技術的進歩は、効率性、耐久性、価格の改善に役立っており、市場の成長を後押ししています。これとは別に、単結晶や二面体のソーラーパネルは効率レベルが高く、同じ量の太陽光からより多くの電力を生み出すことができます。さらに、製造プロセスの革新がパネルのコスト削減に貢献しており、これが市場の成長を支えています。さらに、材料や設計の進歩は、パネルの耐久性と寿命を向上させ、信頼性の高いエネルギー生成を可能にします。こうした技術改良は環境に恩恵をもたらすだけでなく、ソーラーパネル購入者の投資収益率（ROI）を高める。これに伴い、自然光を透過させながら窓や天窓、建物のファサードに組み込むことができる透明パネルの開発が増加しており、市場の成長を促しています。さらに、統合センサーと監視システムを備えたスマートパネルは、エネルギー生産とシステムの健全性に関するリアルタイムのデータを提供します。人工知能（AI）と機械学習（ML）アルゴリズムは、パネルに採用され、エネルギー生成の予測、追跡システムの改善、メンテナンスコストの削減によって性能を最適化します。

目次

第1章 序文

第2章 調査範囲と調査手法

• 調査の目的
• ステークホルダー
• データソース
  • 一次情報
  • 二次情報
• 市場推定
  • ボトムアップアプローチ
  • トップダウンアプローチ
• 調査手法

第3章 エグゼクティブサマリー

第4章 イントロダクション

• 概要
• 主要業界動向

第5章 世界のソーラーパネル産業

• 市場概要
• 市場実績
  • 数量動向
  • 金額動向
• COVID-19の影響
• 価格動向
• 市場内訳：タイプ別
• 市場内訳：地域別
• 市場内訳：最終用途別
• 市場予測
• SWOT分析
  • 強み
  • 弱み
  • 機会
  • 脅威
• バリューチェーン分析
• ポーターのファイブフォース分析
  • 概要
  • 買い手の交渉力
  • 供給企業の交渉力
  • 競合の程度
  • 新規参入業者の脅威
  • 代替品の脅威
• 太陽光パネルメーカーにとっての重要な成功要因とリスク要因

第6章 市場内訳：タイプ別

• クリスタルシリコン
  • 市場動向
  • 市場予測
• 単結晶シリコン
  • 市場動向
  • 市場予測
• 多結晶シリコン
  • 市場動向
  • 市場予測
• 薄膜
  • 市場動向
  • 市場予測
• その他
  • 市場動向
  • 市場予測

第7章 主要地域の実績

• アジア太平洋
  • 市場動向
  • 市場予測
• 北米
  • 市場動向
  • 市場予測
• 欧州
  • 市場動向
  • 市場予測
• ラテンアメリカ
  • 市場動向
  • 市場予測
• 中東・アフリカ
  • 市場動向
  • 市場予測

第8章 市場内訳：最終用途別

• 商業用
  • 市場動向
  • 市場予測
• 住宅用
  • 市場動向
  • 市場予測
• 産業
  • 市場動向
  • 市場予測

第9章 競合情勢

• 市場構造
• 主要プレーヤーの能力

第10章 太陽光パネルの製造工程

• 製品概要
• 詳細なプロセスフロー
• 様々な種類の単位操作
• マスバランスと原材料要件

第11章 プロジェクトの詳細・必要条件・費用

• 土地要件と費用
• 建設要件と費用
• 工場の機械
• 原材料の要件と支出
• 包装の要件と支出
• 輸送の要件と支出
• ユーティリティの要件と支出
• 人員要件と支出
• その他の設備投資

第12章 融資と資金援助

第13章 プロジェクトの経済性

• プロジェクトの資本コスト
• 技術経済的パラメーター
• サプライチェーンの各段階における製品価格とマージン
• 課税と減価償却
• 収入予測
• 支出予測
• 財務分析
• 利益分析

第14章 主要企業のプロファイル

• Jinko Solar
• Trina Solar
• Canadian Solar
• JA Solar
• Hanwha Q-CELLS
• GCL-SI
• LONGi Solar
• Risen Energy
• Shunfeng
• Yingli Green

List of Figures

• Figure 1: Global: Solar Panel Market: Major Drivers and Challenges
• Figure 2: Global: Solar Panel Market: Volume Trends (in Gigawatt), 2018-2023
• Figure 3: Global: Solar Panel Market: Value Trends (in Billion US$), 2018-2023
• Figure 4: Global: Solar Panel Market: Price Trends (in US$/Watt), 2018-2023
• Figure 5: Global: Solar Panel Market: Breakup by Type (in %), 2023
• Figure 6: Global: Solar Panel Market: Breakup by Region (in %), 2023
• Figure 7: Global: Solar Panel Market: Breakup by End Use (in %), 2023
• Figure 8: Global: Solar Panel Market Forecast: Volume Trends (in Gigawatt), 2024-2032
• Figure 9: Global: Solar Panel Market Forecast: Value Trends (in Billion US$), 2024-2032
• Figure 10: Global: Solar Panel Industry: SWOT Analysis
• Figure 11: Global: Solar Panel Industry: Value Chain Analysis
• Figure 12: Global: Solar Panel Industry: Porter's Five Forces Analysis
• Figure 13: Global: Crystalline Silicon Market: Volume Trends (in Megawatt), 2018 & 2023
• Figure 14: Global: Crystalline Silicon Market Forecast: Volume Trends (in Megawatt), 2024-2032
• Figure 15: Global: Monocrystalline Silicon Market: Volume Trends (in Megawatt), 2018 & 2023
• Figure 16: Global: Monocrystalline Silicon Market Forecast: Volume Trends (in Megawatt), 2024-2032
• Figure 17: Global: Polycrystalline Silicon Market: Volume Trends (in Megawatt), 2018 & 2023
• Figure 18: Global: Polycrystalline Silicon Market Forecast: Volume Trends (in Megawatt), 2024-2032
• Figure 19: Global: Thin Film Market: Volume Trends (in Megawatt), 2018 & 2023
• Figure 20: Global: Thin Film Market Forecast: Volume Trends (in Megawatt), 2024-2032
• Figure 21: Global: Other Type of Solar Panel Market: Volume Trends (in Megawatt), 2018 & 2023
• Figure 22: Global: Other Type of Solar Panel Market Forecast: Volume Trends (in Megawatt), 2024-2032
• Figure 23: Asia Pacific: Solar Panel Market: Volume Trends (in Megawatt), 2018 & 2023
• Figure 24: Asia Pacific: Solar Panel Market Forecast: Volume Trends (in Megawatt), 2024-2032
• Figure 25: North America: Solar Panel Market: Volume Trends (in Megawatt), 2018 & 2023
• Figure 26: North America: Solar Panel Market Forecast: Volume Trends (in Megawatt), 2024-2032
• Figure 27: Europe: Solar Panel Market: Volume Trends (in Megawatt), 2018 & 2023
• Figure 28: Europe: Solar Panel Market Forecast: Volume Trends (in Megawatt), 2024-2032
• Figure 29: Middle East and Africa Solar Panel Market: Volume Trends (in Megawatt), 2018 & 2023
• Figure 30: Middle East and Africa Solar Panel Market Forecast: Volume Trends (in Megawatt), 2024-2032
• Figure 31: Latin America: Solar Panel Market: Volume Trends (in Megawatt), 2018 & 2023
• Figure 32: Latin America: Solar Panel Market Forecast: Volume Trends (in Megawatt), 2024-2032
• Figure 33: Global: Solar Panel Market (Commercial Applications): Volume Trends (in Megawatt), 2018 & 2023
• Figure 34: Global: Solar Panel Market Forecast (Commercial Applications): Volume Trends (in Megawatt), 2024-2032
• Figure 35: Global: Solar Panel Market (Residential Applications): Volume Trends (in Megawatt), 2018 & 2023
• Figure 36: Global: Solar Panel Market Forecast (Residential Applications): Volume Trends (in Megawatt), 2024-2032
• Figure 37: Global: Solar Panel Market (Industrial Applications): Volume Trends (in Megawatt), 2018 & 2023
• Figure 38: Global: Solar Panel Market Forecast (Industrial Applications): Volume Trends (in Megawatt), 2024-2032
• Figure 39: Solar Panel Manufacturing Process: Detailed Process Flow
• Figure 40: Solar Panel Manufacturing Plant: Various Unit Operations Involved
• Figure 41: Solar Panel Manufacturing Process: Conversion Rate of Products
• Figure 42: Solar Panel Manufacturing Plant: Proposed Plant Layout
• Figure 43: Solar Panel Manufacturing Plant: Breakup of Capital Costs (in %)
• Figure 44: Solar Panel Industry: Breakup of Profit Margins at Various Level of the Value Chain
• Figure 45: Solar Panel Manufacturing Plant: Breakup of Operating Costs (in %)

List of Tables

• Table 1: Global: Solar Panel Market: Key Industry Highlights, 2023 and 2032
• Table 2: Global: Solar Panel Market Forecast: Breakup by Type (in Megawatt), 2024-2032
• Table 3: Global: Solar Panel Market Forecast: Breakup by Region (in Megawatt), 2024-2032
• Table 4: Global: Solar Panel Market Forecast: Breakup by End Use (in Megawatt), 2024-2032
• Table 5: Global: Solar Panel Market: Competitive Structure
• Table 6: Global: Solar Panel Market: Capacities of Key Players
• Table 7: Solar Panel Manufacturing Plant: Raw Material Requirements
• Table 8: Solar Panel Manufacturing Plant: Costs Related to Land and Site Development (in US$)
• Table 9: Solar Panel Manufacturing Plant: Costs Related to Civil Works (in US$)
• Table 10: Solar Panel Manufacturing Plant: Machinery Costs (in US$)
• Table 11: Solar Panel Manufacturing Plant: Raw Material Requirements and Expenditure
• Table 12: Solar Panel Manufacturing Plant: Costs Related to Utilities
• Table 13: Solar Panel Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
• Table 14: Solar Panel Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
• Table 15: Details of Financial Assistance Offered by Financial Institutions
• Table 16: Solar Panel Manufacturing Plant: Capital Costs (in US$)
• Table 17: Solar Panel Manufacturing Plant: Techno-Economic Parameters
• Table 18: Solar Panel Manufacturing Plant: Income Projections (in US$)
• Table 19: Solar Panel Manufacturing Plant: Expenditure Projections (in US$)
• Table 20: Solar Panel Manufacturing Plant: Taxation (in US$)
• Table 21: Solar Panel Manufacturing Plant: Depreciation (in US$)
• Table 22: Solar Panel Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability
• Table 23: Solar Panel Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability
• Table 24: Solar Panel Manufacturing Plant: Profit and Loss Account (in US$)

The global solar panel market size reached 259.7 GW in 2023. Looking forward, IMARC Group expects the market to reach 1,096.5 GW by 2032, exhibiting a growth rate (CAGR) of 16.8% during 2024-2032. The market is experiencing steady growth driven by the rising environmental concerns among individuals, governing agencies of several countries are implementing stringent carbon control policies and offering several incentives, and technological advancements in materials and designs.

Solar Panel Market Analysis:

Market Growth and Size: The market is witnessing stable growth on account of the increasing need to combat climate change, along with favorable government initiatives.

Technological Advancements: Innovations benefit in improving solar panel efficiency, reducing costs, and enhancing durability, making solar energy more competitive.

Industry Applications: Solar panels are widely used in residential, commercial, and industrial settings for electricity generation. They are also integrated into various applications, including solar-powered vehicles, portable chargers, and building-integrated photovoltaics (BIPV).

Geographical Trends: Asia Pacific leads the market, driven by the growing demand for energy. However, North America is emerging as a fast-growing market due to the increasing awareness among individuals about environmental issues.

Competitive Landscape: Key players are developing more efficient and cost-effective solar panel technologies.

Challenges and Opportunities: While the market faces challenges, such as the need for energy storage solutions, it also encounters opportunities in the development of advanced technologies.

Future Outlook: The future of the solar panel market looks promising, with the integration of Internet of Things (IoT) technology into solar panel systems. In addition, the increasing development of next-generation solar cells is expected to propel the market growth.

Solar Panel Market Trends:

Increasing environmental concerns

The growing demand for solar panels on account of increasing environmental concerns among individuals is offering a positive market outlook. In line with this, the rising need to address climate change and mitigate carbon emissions in the environment is supporting the growth of the market. Moreover, the burning of fossil fuels for electricity generation is a major contributor to greenhouse gas (GHG) emissions, which trap heat in the atmosphere of the Earth and cause global warming. Apart from this, solar panels offer a clean and sustainable energy solution that significantly reduces carbon emissions. This aligns with global efforts to mitigate climate change and transition towards a greener future. Furthermore, the increasing adoption of solar panels in organizations to reduce their carbon footprint and environmental impact and maintain sustainability goals is impelling the market growth. Besides this, solar panels provide an accessible means to achieve this goal by harnessing the power of the sun. Additionally, there is a rise in the need for renewable energy sources that promote a greener environment.

Favorable government initiatives

Governing agencies of several countries are encouraging the adoption of solar panels by implementing stringent carbon control policies, which is propelling the growth of the market. They are also offering tax credits, where taxpayers receive a percentage of the cost of their solar panel system as a tax deduction. Apart from this, these policies and financial incentives encourage individuals and organizations to invest in solar energy systems. Moreover, governing authorities are offering rebates or subsidies that directly reduce the upfront installation costs, making these panels more affordable. Besides this, net metering policies enable solar panel owners to sell excess electricity back to the grid, further incentivizing adoption by allowing individuals to offset their energy costs. Furthermore, feed-in tariffs guarantee a fixed payment for the electricity generated by solar panels. These incentives not only reduce the financial burden of solar panel installation. Additionally, the rising development of more efficient and cost-effective solar panel technologies is contributing to the growth of the market.

Technological Advancements

Technological advancements in solar panels benefit in improving their efficiency, durability, and affordability, which is bolstering the growth of the market. Apart from this, monocrystalline and bifacial solar panels offer higher efficiency levels, allowing them to generate more electricity from the same amount of sunlight. Additionally, innovations in manufacturing processes assist in reducing the cost of these panels, which is supporting the market growth. Furthermore, advancements in materials and design benefit in enhancing the durability and lifespan of these panels, ensuring that they provide reliable energy generation. These technological improvements not only benefit the environment but also increase the return on investment (ROI) for solar panel purchasers. In line with this, the increasing development of transparent panels that can be integrated into windows, skylights, and building facades while allowing natural light to pass through is impelling the market growth. Moreover, smart panels equipped with integrated sensors and monitoring systems provide real-time data on energy production and system health. Artificial intelligence (AI) and machine learning (ML) algorithms are employed in panels to optimize their performance by predicting energy generation, improving tracking systems, and reducing maintenance costs.

Solar Panel Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global and regional levels for 2024-2032. Our report has categorized the market based on type and end use.

Breakup by Type:

Crystal Silicon

Monocrystalline Silicon

Polycrystalline Silicon

Thin Film

Others

Crystal silicon accounts for the majority of the market share

The report has provided a detailed breakup and analysis of the market based on the type. This includes crystal silicon, monocrystalline silicon, polycrystalline silicon, thin film, and others. According to the report, crystal silicon represented the largest segment.

Crystal silicon panels are made from single or multiple crystalline structures of silicon that are semiconductor material and can convert sunlight into electricity through the photovoltaic effect. In addition, the electricity generated by the solar cells is in the form of direct current (DC), which can be used to power various electrical devices or stored in batteries for later use. Apart from this, the surface of the solar panel is covered with numerous silicon solar cells. When sunlight strikes these cells, it excites electrons in the silicon, creating an electric current.

Monocrystalline silicon panels are made from a single crystal structure of silicon. This manufacturing process results in high-efficiency solar cells. Monocrystalline panels are known for their sleek appearance and high space-efficiency, making them suitable for situations with limited space. In addition, they are often recognized by their black or dark-blue color. Furthermore, they can generate more electricity in a smaller area as compared to other panel types. Moreover, they are known for their durability and longevity and require minimal maintenance.

Polycrystalline silicon panels are made from multiple silicon fragments melted together. They are more cost-effective to produce and are characterized by their blue appearance. In line with this, the rising employment of polycrystalline silicon panels in residential spaces due to their affordability is impelling the market growth. Furthermore, polycrystalline panels are known for their durability and long lifespan with minimal maintenance requirements.

Thin film panels are made from various materials, including amorphous silicon (a-Si), cadmium telluride (CdTe), and copper indium gallium selenide (CIGS). Thin film panels are known for their flexibility and lightweight. They are suitable for large-scale installations, building-integrated photovoltaics (BIPV), and portable solar devices. In addition, their flexibility allows them to be used on curved or irregular surfaces. Furthermore, thin-film panels tend to perform better in low-light conditions as compared to crystalline silicon panels.

Breakup by End Use:

Commercial

Residential

Industrial

Commercial holds the largest market share

A detailed breakup and analysis of the market based on the end use have also been provided in the report. This includes commercial, residential, and industrial. According to the report, commercial accounted for the largest market share.

Commercial includes businesses, offices, schools, and institutions. Commercial installations are often larger than residential and are used to power commercial buildings and facilities. The rising adoption of solar panels in the commercial sector due to their affordability is contributing to the growth of the market. Furthermore, companies are adopting these panels to reduce carbon footprints and demonstrate their corporate social responsibility.

Solar panels in residential settings are usually used to generate electricity for the household. In addition, the growing adoption of solar panels in the residential sector to reduce energy bills and contribute to environmental sustainability is offering a positive market outlook. Besides this, people are increasingly preferring these panels due to various incentives and net metering solutions provided by governing agencies of various countries.

The industrial sector includes large-scale operations, factories, manufacturing plants, and industrial facilities. The increasing installations of solar panels in industrial settings to meet the high energy demands of industrial processes. Organizations in the industrial sector are adopting solar panels to reduce energy costs, enhance energy security, and align with sustainability goals.

Breakup by Region:

Asia Pacific

North America

Europe

Latin America

Middle East and Africa

Asia Pacific leads the market, accounting for the largest solar panel market share

The market research report has also provided a comprehensive analysis of all the major regional markets, which include Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. According to the report, Asia Pacific accounted for the largest market share due to the rising energy demand in various sectors. In line with this, governing agencies in the region are recognizing the importance of sustainable energy sources to meet energy demand while reducing greenhouse gas (GHG) emissions. They are also providing incentives for solar energy projects, which is impelling the market growth. Furthermore, Asia Pacific benefits from abundant sunlight in many of its regions, making solar energy an efficient choice for electricity generation.

North America stands as another key region in the market, driven by the increasing adoption of renewable energy sources. Apart from this, the rising awareness among individuals about environmental issues is bolstering the market growth. Furthermore, the rising desire for energy independence among individuals is contributing to the growth of the market. In line with this, advancements in solar technology and manufacturing capabilities in North America benefit in increasing efficiency and reducing the costs of these panels. Besides this, North America has an advanced infrastructure for renewable energy integration, including grid modernization and energy storage solutions. This ensures the efficient utilization of solar-generated electricity and enhances the reliability of solar power systems.

Europe maintains a strong presence in the market, with the increasing focus on maintaining sustainability goals. In addition, Europe has a well-developed solar infrastructure, including a strong manufacturing base and extensive distribution networks. This infrastructure ensures a steady supply of high-quality solar panels and related components, making them readily available to individuals and industries. Besides this, the integration of solar panels into architectural designs is bolstering the growth of the market in the region.

Latin America exhibits growing potential in the solar panel market on account of the rising focus on diversifying the energy mix. In line with this, favorable regulatory frameworks for solar energy in the region are propelling the growth of the market.

The Middle East and Africa region shows a developing market for solar panel, primarily driven by the increasing development of solar infrastructure, including transmission and distribution networks. Apart from this, the region has abundant sunlight, making it ideal for solar energy production.

Leading Key Players in the Solar Panel Industry:

Key players are developing more efficient and cost-effective solar panel technologies. They are focusing on innovating materials, manufacturing processes, and energy storage solutions to enhance the overall system performance. In line with this, manufacturers are expanding their production facilities to meet the increasing demand for cleaner energy worldwide. They are building automated and efficient manufacturing lines to scale up production and reduce costs. Moreover, companies are incorporating sustainability features in solar panel designs, such as recyclable materials and reduced environmental impact. Apart from this, they are developing and integrating energy storage solutions, such as batteries, to enhance the reliability of solar power systems. They are also working on reducing the overall cost of these panels through economies of scale, improved manufacturing processes, and supply chain optimizations.

The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

Jinko Solar

Trina Solar

Canadian Solar

JA Solar

Hanwha Q-CELLS

GCL-SI

LONGi Solar

Risen Energy

Shunfeng

Yingli Green

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

Latest News:

October 30, 2023: Canadian Solar announced that it is establishing a 5 GW Solar PV cell production facility at the River Ridge Commerce Center in Jeffersonville, Indiana. The solar cells produced at this facility will be used at the previously announced 5 GW module assembly plant in Mesquite, Texas.

September 11, 2023: Trina Solar, a global leader in smart solar products and solutions, announced it will build a more than 1 million square foot solar photovoltaic (PV) manufacturing facility in Wilmer, Texas. When completed, the facility will provide 1,500 local jobs, produce 5 GW of modules and source polysilicon from the United States and Europe.

January, 2023: JA Solar announced via the Arizona Commerce Authority that it intends to open a 2-GW solar panel assembly plant in Phoenix. In addition, the company will invest $60 million in a new manufacturing site and create 600 jobs. The site will produce solar panels for residential, commercial, and utility-scale.

Key Questions Answered in This Report

• 1. What was the size of the global solar panel market in 2023?
• 2. What is the expected growth rate of the global solar panel market during 2024-2032?
• 3. What are the key factors driving the global solar panel market?
• 4. What has been the impact of COVID-19 on the global solar panel market?
• 5. What is the breakup of the global solar panel market based on the type?
• 6. What is the breakup of the global solar panel market based on the end use?
• 7. What are the key regions in the global solar panel market?
• 8. Who are the key players/companies in the global solar panel market?

Table of Contents

1 Preface

2 Scope and Methodology

• 2.1 Objectives of the study
• 2.2 Stakeholders
• 2.3 Data Sources
  • 2.3.1 Primary Sources
  • 2.3.2 Secondary Sources
• 2.4 Market Estimation
  • 2.4.1 Bottom-Up Approach
  • 2.4.2 Top-Down Approach
• 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

• 4.1 Overview
• 4.2 Key Industry Trends

5 Global Solar Panel Industry

• 5.1 Market Overview
• 5.2 Market Performance
  • 5.2.1 Volume Trends
  • 5.2.2 Value Trends
• 5.3 Impact of COVID-19
• 5.4 Price Trends
• 5.5 Market Breakup by Type
• 5.6 Market Breakup by Region
• 5.7 Market Breakup by End Use
• 5.8 Market Forecast
• 5.9 SWOT Analysis
  • 5.9.1 Strengths
  • 5.9.2 Weaknesses
  • 5.9.3 Opportunities
  • 5.9.4 Threats
• 5.10 Value Chain Analysis
• 5.11 Porter's Five Forces Analysis
  • 5.11.1 Overview
  • 5.11.2 Bargaining Power of Buyers
  • 5.11.3 Bargaining Power of Suppliers
  • 5.11.4 Degree of Competition
  • 5.11.5 Threat of New Entrants
  • 5.11.6 Threat of Substitutes
• 5.12 Key Success Factors and Risk Factors for Solar Panel Manufacturers

6 Market Breakup by Type

• 6.1 Crystal Silicon
  • 6.1.1 Market Trends
  • 6.1.2 Market Forecast
• 6.2 Monocrystalline Silicon
  • 6.2.1 Market Trends
  • 6.2.2 Market Forecast
• 6.3 Polycrystalline Silicon
  • 6.3.1 Market Trends
  • 6.3.2 Market Forecast
• 6.4 Thin Film
  • 6.4.1 Market Trends
  • 6.4.2 Market Forecast
• 6.5 Others
  • 6.5.1 Market Trends
  • 6.5.2 Market Forecast

7 Performance of Key Regions

• 7.1 Asia Pacific
  • 7.1.1 Market Trends
  • 7.1.2 Market Forecast
• 7.2 North America
  • 7.2.1 Market Trends
  • 7.2.2 Market Forecast
• 7.3 Europe
  • 7.3.1 Market Trends
  • 7.3.2 Market Forecast
• 7.4 Latin America
  • 7.4.1 Market Trends
  • 7.4.2 Market Forecast
• 7.5 Middle East and Africa
  • 7.5.1 Market Trends
  • 7.5.2 Market Forecast

8 Market Breakup by End Use

• 8.1 Commercial
  • 8.1.1 Market Trends
  • 8.1.2 Market Forecast
• 8.2 Residential
  • 8.2.1 Market Trends
  • 8.2.2 Market Forecast
• 8.3 Industrial
  • 8.3.1 Market Trends
  • 8.3.2 Market Forecast

9 Competitive Landscape

• 9.1 Market Structure
• 9.2 Capacities of Key Players

10 Solar Panel Manufacturing Process

• 10.1 Product Overview
• 10.2 Detailed Process Flow
• 10.3 Various Types of Unit Operations Involved
• 10.4 Mass Balance and Raw Material Requirements

11 Project Details, Requirements and Costs Involved

• 11.1 Land Requirements and Expenditures
• 11.2 Construction Requirements and Expenditures
• 11.3 Plant Machinery
• 11.4 Raw Material Requirements and Expenditures
• 11.5 Packaging Requirements and Expenditures
• 11.6 Transportation Requirements and Expenditures
• 11.7 Utility Requirements and Expenditures
• 11.8 Manpower Requirements and Expenditures
• 11.9 Other Capital Investments

12 Loans and Financial Assistance

13 Project Economics

• 13.1 Capital Cost of the Project
• 13.2 Techno-Economic Parameters
• 13.3 Product Pricing and Margins Across Various Levels of the Supply Chain
• 13.4 Taxation and Depreciation
• 13.5 Income Projections
• 13.6 Expenditure Projections
• 13.7 Financial Analysis
• 13.8 Profit Analysis

14 Key Player Profiles

• 14.1 Jinko Solar
• 14.2 Trina Solar
• 14.3 Canadian Solar
• 14.4 JA Solar
• 14.5 Hanwha Q-CELLS
• 14.6 GCL-SI
• 14.7 LONGi Solar
• 14.8 Risen Energy
• 14.9 Shunfeng
• 14.10 Yingli Green