November 14, 2019
According to research report titled ‘Global Solar Panel Market: Analysis By Module Type (Monocrystalline, Polycrystalline, Thin-Film), By Installation (Ground Mount, Rooftop), By Region, By Country (2018 Edition): Opportunities and Forecast (2013-2023) By Region (North America, Europe, Asia Pacific, Latin America, ROW), By Country (Australia, France, Italy, UK, Germany, India, Japan, US, China, Canada)’ available with Market Study Report LLC, the global solar panel market is expected to grow substantially by the year 2023.
Surging need for electricity around the globe, coupled with rising familiarity of solar PV cells are key drivers of solar panel market. With the ability to reduce carbon emissions and eliminate pollution, solar panels also provide access to efficient renewable energy resource. Hence, the rising environmental concerns, in consort with supportive government initiatives towards solar panel installation is bolstering the market growth.
Notably, the research report discusses the potential growth opportunities in solar panel market. It also provides crucial statistics and data on the market’s current size and future prospects. The study further aims to offer top-notch information about market dynamics.
As per the type of module, solar panel market is segmented into monocrystalline, polycrystalline and thin film. Whereas based on installation, the market is divided into ground mount and rooftop solar PV.
Considering geographical locations, the global solar panel market is fragmented into regions which are Europe, North America, APAC, Latin American, and rest of world, with key focus on countries like France, UK, India, US, Canada, Germany, Australia, China, Italy, and Japan.
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As per the study, Asia Pacific solar panel market is projected to expand with CAGR of 4.3% through 2023. The regional growth is attributed to rapid industrialization and development of solar panel manufacturing facilities across the region, coupled with massive price reductions and increased functionality of the equipment.
Some of companies operating in solar panel market profiled in the report include Jinko Solar, First Solar, Yingli Solar, SFCE, SunPower Corp., Canadian Solar, Trina Solar, J A Solar, ReneSola, and Hanwha Q Cells.
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