Solar PV Market in APAC 2022-2026

Description

List of Tables

Technavio has been monitoring the solar PV market in APAC and it is poised to grow by $ 150.13 million during 2022-2026, accelerating at a CAGR of 21.74% during the forecast period. Our report on the solar PV market in APAC 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, latest trends and drivers, and the overall market environment. The market is driven by favorable government regulations, declining cost of solar PV panels, and increasing adoption of microgrids.

The solar PV market in APAC analysis includes the end-user segment and geographic landscape.

Technavio's solar PV market in APAC is segmented as below:

By End-user

Utility
Commercial
Residential

By Geographical Landscape

China
India
Japan
South Korea
Rest of APAC

This study identifies the advances in thin-film solar PV modules as one of the prime reasons driving the solar PV market growth in APAC during the next few years. Also, increasing deployment of microgrids and development of zero-energy buildings will lead to sizable demand in the market.

Technavio 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. Our report on solar PV market in APAC covers the following areas:

Solar PV market sizing
Solar PV market forecast
Solar PV market industry analysis

Technavio's 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 PV market vendors in APAC that include ABB Ltd., Adani Green Energy Ltd., Azure Power, Canadian Solar Inc., First Solar Inc., Golden Concord Holdings Ltd., Huawei Technologies Co. Ltd., JA Solar Technology Co. Ltd., Lanco Infratech Ltd., Larsen and Toubro Ltd., Mahindra and Mahindra Ltd., Mitsubishi Electric Corp., MVV Energie AG, Renesola Ltd., Risen Energy Co. Ltd., Sterling and Wilson Powergen Pvt. Ltd., Sungrow Power Supply Co. Ltd., Tata Power Co. Ltd., Trina Solar Co. Ltd., and Waaree Energies Ltd. Also, the solar PV market in APAC 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 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 and vendor landscape in addition to an analysis of the key vendors.

Technavio 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 research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR73606

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Country Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 06: Executive Summary - Chart on Incremental Growth
Exhibit 07: Executive Summary - Data Table on Incremental Growth
Exhibit 08: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 09: Parent market
Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 11: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 12: Market segments
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021-2026
Exhibit 13: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
Exhibit 14: Data Table on Regional - Market size and forecast 2021-2026 ($ billion)
Exhibit 15: Chart on APAC: Year-over-year growth 2021-2026 (%)
Exhibit 16: Data Table on Regional - Market size and forecast 2021-2026 ($ billion)

4 Five Forces Analysis

4.1 Five forces summary
Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
4.2 Bargaining power of buyers
Exhibit 18: Chart on Bargaining power of buyers - Impact of key factors 2021 and 2026
4.3 Bargaining power of suppliers
Exhibit 19: Bargaining power of suppliers - Impact of key factors in 2021 and 2026
4.4 Threat of new entrants
Exhibit 20: Threat of new entrants - Impact of key factors in 2021 and 2026
4.5 Threat of substitutes
Exhibit 21: Threat of substitutes - Impact of key factors in 2021 and 2026
4.6 Threat of rivalry
Exhibit 22: Threat of rivalry - Impact of key factors in 2021 and 2026
4.7 Market condition
Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by End-user

5.1 Market segments
Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)
5.2 Comparison by End-user
Exhibit 26: Chart on Comparison by End-user
Exhibit 27: Data Table on Comparison by End-user
5.3 Utility - Market size and forecast 2021-2026
Exhibit 28: Chart on Utility - Market size and forecast 2021-2026 ($ billion)
Exhibit 29: Data Table on Utility - Market size and forecast 2021-2026 ($ billion)
Exhibit 30: Chart on Utility - Year-over-year growth 2021-2026 (%)
Exhibit 31: Data Table on Utility - Year-over-year growth 2021-2026 (%)
5.4 Commercial - Market size and forecast 2021-2026
Exhibit 32: Chart on Commercial - Market size and forecast 2021-2026 ($ billion)
Exhibit 33: Data Table on Commercial - Market size and forecast 2021-2026 ($ billion)
Exhibit 34: Chart on Commercial - Year-over-year growth 2021-2026 (%)
Exhibit 35: Data Table on Commercial - Year-over-year growth 2021-2026 (%)
5.5 Residential - Market size and forecast 2021-2026
Exhibit 36: Chart on Residential - Market size and forecast 2021-2026 ($ billion)
Exhibit 37: Data Table on Residential - Market size and forecast 2021-2026 ($ billion)
Exhibit 38: Chart on Residential - Year-over-year growth 2021-2026 (%)
Exhibit 39: Data Table on Residential - Year-over-year growth 2021-2026 (%)
5.6 Market opportunity by End-user
Exhibit 40: Market opportunity by End-user ($ billion)

6 Customer Landscape

6.1 Customer landscape overview
Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation
Exhibit 42: Chart on Market share By Geographical Landscape - 2021-2026 (%)
Exhibit 43: Data Table on Market share By Geographical Landscape - 2021-2026 (%)
7.2 Geographic comparison
Exhibit 44: Chart on Geographic comparison
Exhibit 45: Data Table on Geographic comparison
7.3 China - Market size and forecast 2021-2026
Exhibit 46: Chart on China - Market size and forecast 2021-2026 ($ billion)
Exhibit 47: Data Table on China - Market size and forecast 2021-2026 ($ billion)
Exhibit 48: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibit 49: Data Table on China - Year-over-year growth 2021-2026 (%)
7.4 India - Market size and forecast 2021-2026
Exhibit 50: Chart on India - Market size and forecast 2021-2026 ($ billion)
Exhibit 51: Data Table on India - Market size and forecast 2021-2026 ($ billion)
Exhibit 52: Chart on India - Year-over-year growth 2021-2026 (%)
Exhibit 53: Data Table on India - Year-over-year growth 2021-2026 (%)
7.5 Japan - Market size and forecast 2021-2026
Exhibit 54: Chart on Japan - Market size and forecast 2021-2026 ($ billion)
Exhibit 55: Data Table on Japan - Market size and forecast 2021-2026 ($ billion)
Exhibit 56: Chart on Japan - Year-over-year growth 2021-2026 (%)
Exhibit 57: Data Table on Japan - Year-over-year growth 2021-2026 (%)
7.6 South Korea - Market size and forecast 2021-2026
Exhibit 58: Chart on South Korea - Market size and forecast 2021-2026 ($ billion)
Exhibit 59: Data Table on South Korea - Market size and forecast 2021-2026 ($ billion)
Exhibit 60: Chart on South Korea - Year-over-year growth 2021-2026 (%)
Exhibit 61: Data Table on South Korea - Year-over-year growth 2021-2026 (%)
7.7 Rest of APAC - Market size and forecast 2021-2026
Exhibit 62: Chart on Rest of APAC - Market size and forecast 2021-2026 ($ billion)
Exhibit 63: Data Table on Rest of APAC - Market size and forecast 2021-2026 ($ billion)
Exhibit 64: Chart on Rest of APAC - Year-over-year growth 2021-2026 (%)
Exhibit 65: Data Table on Rest of APAC - Year-over-year growth 2021-2026 (%)
7.8 Market opportunity By Geographical Landscape
Exhibit 66: Market opportunity By Geographical Landscape ($ billion)

8 Drivers, Challenges, and Trends

8.1 Market drivers
8.2 Market challenges
8.3 Impact of drivers and challenges
Exhibit 67: Impact of drivers and challenges in 2021 and 2026
8.4 Market trends

9 Vendor Landscape

9.1 Overview
9.2 Vendor landscape
Exhibit 68: Overview on Criticality of inputs and Factors of differentiation
9.3 Landscape disruption
Exhibit 69: Overview on factors of disruption
9.4 Industry risks
Exhibit 70: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered
Exhibit 71: Vendors covered
10.2 Market positioning of vendors
Exhibit 72: Matrix on vendor position and classification
10.3 ABB Ltd.
Exhibit 73: ABB Ltd. - Overview
Exhibit 74: ABB Ltd. - Business segments
Exhibit 75: ABB Ltd. - Key offerings
Exhibit 76: ABB Ltd. - Segment focus
10.4 Adani Green Energy Ltd.
Exhibit 77: Adani Green Energy Ltd. - Overview
Exhibit 78: Adani Green Energy Ltd. - Product / Service
Exhibit 79: Adani Green Energy Ltd. - Key offerings
10.5 Azure Power
Exhibit 80: Azure Power - Overview
Exhibit 81: Azure Power - Product / Service
Exhibit 82: Azure Power - Key news
Exhibit 83: Azure Power - Key offerings
10.6 Canadian Solar Inc.
Exhibit 84: Canadian Solar Inc. - Overview
Exhibit 85: Canadian Solar Inc. - Business segments
Exhibit 86: Canadian Solar Inc. - Key news
Exhibit 87: Canadian Solar Inc. - Key offerings
Exhibit 88: Canadian Solar Inc. - Segment focus
10.7 First Solar Inc.
Exhibit 89: First Solar Inc. - Overview
Exhibit 90: First Solar Inc. - Business segments
Exhibit 91: First Solar Inc. - Key news
Exhibit 92: First Solar Inc. - Key offerings
Exhibit 93: First Solar Inc. - Segment focus
10.8 Huawei Technologies Co. Ltd.
Exhibit 94: Huawei Technologies Co. Ltd. - Overview
Exhibit 95: Huawei Technologies Co. Ltd. - Business segments
Exhibit 96: Huawei Technologies Co. Ltd. - Key offerings
Exhibit 97: Huawei Technologies Co. Ltd. - Segment focus
10.9 JA Solar Technology Co. Ltd.
Exhibit 98: JA Solar Technology Co. Ltd. - Overview
Exhibit 99: JA Solar Technology Co. Ltd. - Product / Service
Exhibit 100: JA Solar Technology Co. Ltd. - Key offerings
10.10 Lanco Infratech Ltd.
Exhibit 101: Lanco Infratech Ltd. - Overview
Exhibit 102: Lanco Infratech Ltd. - Product / Service
Exhibit 103: Lanco Infratech Ltd. - Key offerings
10.11 Tata Power Co. Ltd.
Exhibit 104: Tata Power Co. Ltd. - Overview
Exhibit 105: Tata Power Co. Ltd. - Business segments
Exhibit 106: Tata Power Co. Ltd. - Key news
Exhibit 107: Tata Power Co. Ltd. - Key offerings
Exhibit 108: Tata Power Co. Ltd. - Segment focus
10.12 Trina Solar Co. Ltd.
Exhibit 109: Trina Solar Co. Ltd. - Overview
Exhibit 110: Trina Solar Co. Ltd. - Business segments
Exhibit 111: Trina Solar Co. Ltd. - Key offerings
Exhibit 112: Trina Solar Co. Ltd. - Segment focus

11 Appendix

11.1 Scope of the report
11.2 Inclusions and exclusions checklist
Exhibit 113: Inclusions checklist
Exhibit 114: Exclusions checklist
11.3 Currency conversion rates for US$
Exhibit 115: Currency conversion rates for US$
11.4 Research methodology
Exhibit 116: Research methodology
Exhibit 117: Validation techniques employed for market sizing
Exhibit 118: Information sources
11.5 List of abbreviations
Exhibit 119: List of abbreviations