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Market Research Report
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1078167

APAC Solar Panel Market 2022-2028

Published: | Orion Market Research Pvt Ltd | 100 Pages | Delivery time: 2-3 business days

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APAC Solar Panel Market 2022-2028
Published: April 23, 2022
Orion Market Research Pvt Ltd
Content info: 100 Pages
Delivery time: 2-3 business days
  • Description
  • Table of Contents
  • List of Tables

Asia-Pacific Solar Panel Market Size, Share & Trends Analysis Report by Panel Type (Monocrystalline, Polycrystalline, and Thin-Film), By End-User (Residential Sector and Commercial Sector), By Installation (Ground-Mount, and Rooftop) Forecast Period (2022-2028)

The Asia-Pacific solar panel market is estimated to grow at a significant CAGR of 12% during the forecast period.A solar panel, often known as a PV panel, is a group of solar (or photovoltaic) cells that generate electricity using natural sunlight. It is made up of multiple solar cells that are placed in a grid-like pattern on the surface and are constructed of silicon, boron, and phosphorus. Solar panels are becoming more popular around the world because they do not cause pollution and their installation aids in the reduction of harmful greenhouse gas emissions. In addition, advances in quantum physics and nanotechnology and rising demand for solar panels in commercial, and residential sectors can offer a lucrative opportunity to the key market players in this region. Apart from this, the competition with a well-established oil and gas market and lack of proper energy storage and energy transportation facility is a major restraint of the market which hindered the growth of the Asia-Pacific solar panel market.

The Asia-Pacific solar panel market is segmented based on type and end-user. Based on type, the market is classified into monocrystalline silicon, polycrystalline silicon, and thin film.Asia-Pacific solar panel market is segmented based on the panel type, end-user, and installation. Based on the panel type, the solar panel market is classified into monocrystalline, polycrystalline, and thin-film solar panels. Further, on the basis of end-user, the market is segregated into the residential sector and commercial sector. Similarly, based on installation, the Asia-Pacific solar panel market is divided into ground-mount, and rooftop.Monocrystalline silicon panels comprise monocrystalline solar cells and are environment-friendly & non-toxic. Implementation of several advanced technologies by key players to achieve extremely high solar cell efficiency is one of the major factors driving the segment growth. For instance, In 2021, JinkoSolar Holding Co., Ltd. announced that the maximum solar conversion efficiency of its large-area N-type monocrystalline silicon solar cells reached 25.25%, setting a new world record.The company has so far set three world records for the most advanced large-area N-type cell in the world in less than one year.

Asia-Pacific Solar Panel Market is segregated geographically into China, India, Japan, and the Rest of Asia-Pacific that. Japan is anticipated to contribute considerable share in the Asia-Pacific solar panel market during the forecast period. The factors contributing to the growth of this region include government initiatives to encourageand promote renewable energy by adoption of solar power. This is expected to increase the adoption of solar power for domestic purposes, thereby, creating opportunities for the growth of the market over the forecast period. For instance, in 2021, In Japan, a draft proposal on green building requirements was approved pointing out that Japan is striving toward having PV systems installed on 60% of single-family houses by 2030 to promote renewable energy toward its goal of achieving net-zero emissions by 2050.

The key market players in the Asia-Pacific solar panel market are Canadian Solar Inc., Wuxi Suntech Power Co., Ltd., Tata Power Solar Systems Ltd, First Solar, Inc. SunPower Corporation, Trina Solar Ltd., Juwi AG, Motech Industries, Inc., Hanwha Group, and others. To sustain a strong position in the market, these players adopt different marketing strategies such as mergers and acquisitions, partnerships, collaborations, R&D, project development, geographical expansion so on. For an instance, In 2022, as an effort to finance solar power projects State Bank of India (SBI) launched a centralized processing cell - Surya Shakti Cell in collaboration with Tata Power Solar Systems. The Surya Shakti Cell will process all the loan applications for Solar Projects (capacity up to 1 MW) sourced from across India, for installation by business entities as well as households.

Research Methodology

The market study of the Asia-Pacific solar panel market is incorporated by extensive primary and secondary research conducted by the research team at OMR.Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives as possible, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

  • Financial reports of companies involved in the market.
  • Whitepapers, research papers, and news blogs.
  • Company websites and their product catalog.

The report provides an in-depth analysis of the market size, and intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Asia-Pacific Solar Panel Market Research and Analysis by Panel Type.

2. Asia-Pacific Solar Panel Market Research and Analysis byApplication.

3. Asia-Pacific Solar Panel Market Research and Analysis byInstallation.

The Report Covers

  • Comprehensive research methodology of the Asia-Pacific solar panel market.
  • This report also includes a detailed and extensive market overview with key analyst insights.
  • An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
  • Analysis of regional regulations and other government policies impacting the Asia-Pacific solar panel market.
  • Insights about market determinants that are stimulating the Asia-Pacific solar panel market.
  • Detailed and extensive market segments with the regional distribution of forecasted revenues.
  • Extensive profiles and recent developments of market players.
Product Code: OMR2018387

Table of Contents

Category- Renewable Energy

Table CONTENTS

1. Report Summary

  • Current Industry Analysis and Growth Potential Outlook
  • Impact of COVID-19 on the Asia-PacificSolar Panel Industry
  • Recovery Scenario of the Asia-PacificSolar PanelIndustry
  • 1.1. Research Methods and Tools
  • 1.2. Market Breakdown
    • 1.2.1. By Segments

2. Market Overview and Insights

  • 2.1. Scope of the Report
  • 2.2. Analyst Insight & Current Market Trends
    • 2.2.1. Key Findings
    • 2.2.2. Recommendations
    • 2.2.3. Conclusion

3. Competitive Landscape

  • 3.1. Key Company Analysis
    • 3.1.1. Overview
    • 3.1.2. Financial Analysis
    • 3.1.3. SWOT Analysis
    • 3.1.4. Recent Developments
  • 3.2. Key Strategy Analysis
  • 3.3. Impact of COVID-19 on key players

4. Market Determinants

  • 4.1. Motivators
  • 4.2. Restraints
  • 4.3. Opportunities

5. Market Segmentation

  • 5.1. Asia-PacificSolar Panel Market by Panel Type
    • 5.1.1. Monocrystalline
    • 5.1.2. Polycrystalline
    • 5.1.3. Thin-Film
    • 5.1.4. Amorphous Silicon (A-SI)
    • 5.1.5. Cadmium Telluride (CDTE)
    • 5.1.6. Copper Indium Gallium Selenide (CIS/CIGS)
  • 5.2. Asia-PacificSolar Panel Market by End-User
    • 5.2.1. Residential Sector
    • 5.2.2. Commercial Sector
  • 5.3. Asia-Pacific Solar Panel Market by Installation
    • 5.3.1. Ground-Mount
    • 5.3.2. Rooftop

6. Regional Analysis

  • 6.1. Asia-Pacific
    • 6.1.1. China
    • 6.1.2. India
    • 6.1.3. Japan
    • 6.1.4. Rest of Asia-Pacific

7. Company Profiles

  • 7.1. Canadian Solar Inc.
  • 7.2. Csun Solar Tech
  • 7.3. Desert Technologies
  • 7.4. Evergreen Power Solution Inc.
  • 7.5. First Solar, Inc.
  • 7.6. Hanwha Corp.
  • 7.7. JA SOLAR Technology Co., Ltd.
  • 7.8. JinkoSolar Holding Co., Ltd.
  • 7.9. Juwi Holding AG
  • 7.10. Motech Industries Inc.
  • 7.11. RISEN ENERGY CO., LTD.
  • 7.12. SoloPower Systems, Inc.
  • 7.13. SunEdison Inc.
  • 7.14. SunPower Corp.
  • 7.15. Suzhou Talesun Solar Technology Co., Ltd
  • 7.16. Wuxi Suntech Power Co., Ltd.
  • 7.17. Tata Power Solar Systems Ltd
  • 7.18. Trina Solar Ltd.
  • 7.19. Yingli Green Energy Holding Co. Ltd.
  • 7.20. Zhongli Talesun Solar Co., Ltd.

LIST OF TABLES

  • 1. ASIA-PACIFICSOLAR PANEL MARKET RESEARCH AND ANALYSIS BY PANEL TYPE, 2021-2028 ($ MILLION)
  • 2. ASIA-PACIFICMONOCRYSTALLINE SOLAR PANEL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
  • 3. ASIA-PACIFICPOLYCRYSTALLINE SOLAR PANEL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
  • 4. ASIA-PACIFICTHIN-FILM SOLAR PANEL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
  • 5. ASIA-PACIFIC AMORPHOUS SILICON (A-SI)THIN-FILM SOLAR PANEL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
  • 6. ASIA-PACIFICCADMIUM TELLURIDE (CDTE)THIN-FILM SOLAR PANEL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
  • 7. ASIA-PACIFICCOPPER INDIUM GALLIUM SELENIDE (CIS/CIGS)THIN-FILM SOLAR PANEL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
  • 8. ASIA-PACIFICSOLAR PANEL MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
  • 9. ASIA-PACIFICSOLAR PANEL FOR RESIDENTIAL SECTOR MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
  • 10. ASIA-PACIFICSOLAR PANEL FOR COMMERCIAL SECTOR MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
  • 11. ASIA-PACIFICSOLAR PANEL MARKET RESEARCH AND ANALYSIS BYINSTALLATION, 2021-2028 ($ MILLION)
  • 12. ASIA-PACIFICSOLAR PANEL BY GROUND-MOUNTINSTALLATIONMARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
  • 13. ASIA-PACIFICSOLAR PANEL BY ROOFTOPINSTALLATIONMARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
  • 14. ASIA-PACIFICSOLAR PANEL MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)

LIST OF FIGURES

  • 1. IMPACT OF COVID-19 ON ASIA-PACIFICSOLAR PANELMARKET, 2021-2028 ($ MILLION)
  • 2. IMPACT OF COVID-19 ON ASIA-PACIFICSOLAR PANELMARKET BY SEGMENT, 2021-2028 ($ MILLION)
  • 3. RECOVERY OF ASIA-PACIFICSOLAR PANELMARKET, 2022-2028 (%)
  • 4. ASIA-PACIFICSOLAR PANELMARKET SHARE BY PANEL TYPE, 2021 VS 2028 (%)
  • 5. ASIA-PACIFICMONOCRYSTALLINE SOLAR PANEL MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
  • 6. ASIA-PACIFICPOLYCRYSTALLINE SOLAR PANEL MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
  • 7. ASIA-PACIFICTHIN-FILM SOLAR PANEL MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
  • 8. ASIA-PACIFIC AMORPHOUS SILICON (A-SI)THIN-FILM SOLAR PANEL MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
  • 9. ASIA-PACIFICCADMIUM TELLURIDE (CDTE)THIN-FILM SOLAR PANEL MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
  • 10. ASIA-PACIFICCOPPER INDIUM GALLIUM SELENIDE (CIS/CIGS)THIN-FILM SOLAR PANEL MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
  • 11. ASIA-PACIFICSOLAR PANELMARKET SHARE BYEND-USER, 2021 VS 2028 (%)
  • 12. ASIA-PACIFICSOLAR PANEL FOR RESIDENTIAL SECTOR MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
  • 13. ASIA-PACIFICSOLAR PANEL FOR COMMERCIAL SECTOR MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
  • 14. ASIA-PACIFICSOLAR PANEL MARKET SHARE BY INSTALLATION, 2021 VS 2028 (%)
  • 15. ASIA-PACIFICSOLAR PANEL BY GROUND-MOUNTINSTALLATIONMARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
  • 16. ASIA-PACIFICSOLAR PANEL BY ROOFTOPINSTALLATIONMARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
  • 17. ASIA-PACIFICSOLAR PANEL MARKET SHARE BYGEOGRAPHY, 2021 VS 2028 (%)
  • 18. UK SOLAR PANELMARKET SIZE, 2021-2028 ($ MILLION)
  • 19. GERMANY SOLAR PANELMARKET SIZE, 2021-2028 ($ MILLION)
  • 20. SPAIN SOLAR PANELMARKET SIZE, 2021-2028 ($ MILLION)
  • 21. FRANCE SOLAR PANELMARKET SIZE, 2021-2028 ($ MILLION)
  • 22. ITALY SOLAR PANELMARKET SIZE, 2021-2028 ($ MILLION)
  • 23. REST OF ASIA-PACIFICSOLAR PANELMARKET SIZE, 2021-2028 ($ MILLION)