Solar Panel Market Research Report, Market Share, Size, Trends, Forecast and Analysis of Key Players 2024

1. Global Solar Panel Market Research Report and Forecast 2024 Report Edition: 2019 Copyright © IMARC Service Pvt Ltd. All Rights Reserved © 2019 IMARC All Rights Reserved

2. Report DescriptionAbout IMARC Group The International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value challenges, and transform their businesses. opportunities, address their most critical IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.

3. Report Description and Highlights Report Description Global Solar Panel Market Overview: According to the recent study by IMARC Group, titled “Solar Panel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global solar panel market size reached 129.6 GW in 2018. Solar panels are active solar devices made up of photovoltaic or solar cells which are used to convert sunlight into electrical energy. They are installed on rooftops or surfaces with access to direct sunlight, require minimum to no maintenance and have a service life of twenty years or more. Their installation can significantly reduce dependence on conventional sources of electricity and help to minimize the carbon footprint. As a result, they are widely being utilized to generate electricity across the residential, commercial and industrial sectors across the globe. Solar Panel Market Trends The increasing demand for renewable power sources is the key factor driving the growth of the market. Renewable power sources like solar and wind energy do not cause pollution and are abundantly available in nature. Rising environmental concerns have also created demand for alternate energy sources that do not contribute to greenhouse gas emissions. In line with this, governments of various nations are encouraging the usage of solar panels by offering incentives for solar energy projects and spreading awareness among consumers through several programs and campaigns.

4. Report Description and Highlights Report Description 186.5 181.2 120.2125.5130.8136.1141.4146.7152.0157.3 175.9 170.6 160 180 165.3 160.0 160 140 140 120 In Billion US$ In Billion US$ 120 100 100 80 80 60 60 40 40 20 20 0 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Furthermore, technological advancements in the industry have led to the development of ultrathin solar panels that are relatively more flexible, efficient and cost-effective as compared to the glass- based panels. Significant fall in the prices of silver and polysilicon, along with rising energy costs, are some of the other factors that are positively influencing the growth of the market. On account of these factors, the market is projected to experience steady growth over the next few years. Request for a free sample report: https://www.imarcgroup.com/solar-panel-market/requestsample

5. Report Description and Highlights Report Description For instance, the Ministry of New and Renewable Energy (MNRE) of the Government of India is promoting the installation of solar PV systems in the country under the Jawaharlal Nehru National Solar Mission. Key Market Segmentation Market Segmentation by Product Type • • • • • Crystal Silicon Monocrystalline Silicon Polycrystalline Silicon Thin Film Others Based on the type, the market has been divided into crystal silicon, monocrystalline silicon, polycrystalline silicon, thin film and others. Amongst these, crystal silicon solar panels represent the most preferred type. For more information, click here: https://www.imarcgroup.com/solar-panel-market

6. Report Description and Highlights Report Description Market Segmentation by End Use • • • Commercial Residential Industrial On the basis of the end use, the market has been categorized into commercial, residential and industrial segments. At present, the commercial segment accounts for the biggest market share. Market Segmentation by Region • • • • • Asia Pacific Europe North America Middle East and Africa Latin America On the geographical front, Asia Pacific holds the leading position in the market. Other major markets include North America, Europe, Latin America, and Middle East and Africa.

7. Report Description and Highlights Report Description Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players. • • • • • • • • • Jinko Solar Trina Solar Canadian Solar JA Solar Hanwha Q-CELLS GCL-SI LONGi Solar Risen Energy Yingli Green Browse Related Report Solar PV Inverter Market Report: https://www.imarcgroup.com/solar-pv-inverter-market Solar Generator Market Report: https://www.imarcgroup.com/solar-generator-market

8. We are the trusted business partners to the world's leading corporates, governments, and institutions Partial List of Clients A partial List of our Clients

9. We are the trusted business partners to the world's leading corporates, governments, and institutions Partial List of Clients A partial List of our Clients

10. Report Description and Highlights Report Description © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

11. Contact Us FOR MORE DETAILS Visit us at : https://www.imarcgroup.com Stay With Us: TELEPHONE: +1-631-791-1145 E-MAIL: sales@imarcgroup.com