PUBLISHER: TechNavio | PRODUCT CODE: 1685601
PUBLISHER: TechNavio | PRODUCT CODE: 1685601
The solar panels market is forecasted to grow by USD 60.1 billion during 2024-2029, accelerating at a CAGR of 8.2% during the forecast period. The report on the solar panels market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing investments in renewable energy sector, declining cost of solar PV panels, and emerging favorable government regulations.
Market Scope | |
---|---|
Base Year | 2025 |
End Year | 2029 |
Series Year | 2025-2029 |
Growth Momentum | Accelerate |
YOY 2025 | 7.5% |
CAGR | 8.2% |
Incremental Value | $60.1 bn |
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's solar panels market is segmented as below:
By End-user
By Type
By Connectivity
By Technology
By Geographical Landscape
This study identifies the advances in thin-film solar PV modules as one of the prime reasons driving the solar panels market growth during the next few years. Also, rise in deployment of microgrids and development of zero-energy buildings will lead to sizable demand in the market.
The report on the solar panels market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading solar panels market vendors that include Adani Group, Antec Solar GmbH, Canadian Solar Inc., First Solar Inc., Flisom AG, Hanergy Thin Film Power Group Ltd., JA Solar Technology Co. Ltd., Jiangsu Zhongli Group Co. Ltd., JinkoSolar Holding Co. Ltd., Kaneka Corp., LONGi Green Energy Technology Co. Ltd., Risen Energy Co. Ltd., Shell PLC, SoloPower Systems Inc., Soltecture GmbH, Tata Power Co. Ltd., Tesla Inc., Trina Solar Co. Ltd., Wuxi Suntech Power Co. Ltd., and Yingli Solar. Also, the solar panels market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Exhibits: