1. Market Research
  2. > Energy & Environment
  3. > Energy Technology Market Trends
  4. > Solar Photovoltaic

Photovoltaic panel for solar energy: must-read reports and analysis

 
  • Currently 2/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
27 votes
Share

Global Solar Panel Market Research

 

Over 100 countries witnessed the introduction of solar photovoltaic (PV) capacity in 2010, according to research from Pike Research. Commercial and residential grid-connected PV systems make up the majority of the global distributed solar PV market. Financial incentives such as premium feed-in tariffs in certain regions have lead to concentration in the distributed solar PV market in countries such as the US, Canada, Japan, Italy, France and Germany.

 

The EU is expected to continue dominating the distributed solar PV market (and more generally the clean energy technology sector) through 2015. India and China show strong growth potential due to their vast populations without electricity access. In the four-year period ending 2015, the distributed solar PV value chain is expected to represent close to $600 billion in revenue.

 

Market Segments

 

The world solar panel industry is forecast to record yearly growth in excess of 38% between 2010 and 2014, according to TechNavio. Growth will be fuelled by technological innovation. An obstacle to growth is linked to the reduction in EU solar subsidies. Leading companies currently operating in the solar panel industry include Sharp, First Solar, Yingli Green Energy, Suntech Power and Q-Cells.

 

The world organic photovoltaics (OPV) sector is currently worth more than $4.5 million and expected to reach $630 million in 2022, according to research from IDTechEx. Growth will be fuelled by world applications development, posters and PoP smart labels, and electronics in apparel. In terms of the overall PV market, OPVs represent a relatively small segment. The global installed capacity totaled 22 GW in 2011. Crystalline silicon devices make up 85% of the overall market, and thin film PV devices account for 15% of the market. The market is currently witnessing the introduction of PV technologies on the market of organic photovoltaics (OPV) and dye-sensitized solar cells (DSSC). OPVs offer certain advantages like strong performance in the context of indoor lighting, limited capital expenditure, good form factor and may also cut down on energy production costs through printable plastics use. Disadvantages associated with OPVs are low efficiency levels and high prices.

 

Material and equipment innovations will help cut manufacturing costs in the PV sector in coming years. According to Yolé Development, around 35 GWp of new solar cell manufacturing equipment will be sold by 2017.

 

The smart grid technology sector is set to contribute to renewable energy production, with new transmission lines granting access to wind and solar resources. Smart grid technology tools will also be necessary for the distribution and utility aspects of renewable energy, reports Pike Research. Among such tools are synchrophasors and VAR compensators in the transmission grid, microgrid, virtual power plant, smart wind and solar technologies, and energy storage tools.

 

 

Regional Market Share

 

US solar product demand is expected to remain strong over coming years due to rising requests for renewable energy and state subsidies, reports IBIS World. China is manufacturing at lower costs, and should become an increasingly strong source of competition.

 

NetScribes predicts energy demand in China will increase at a yearly rate in excess of 20% through 2020. State solar subsidies will help propel the country’s solar energy sector, with non-fossil fuel usage set to record annual growth of more than 30% through 2015. Obstacles to market growth include falling module prices, oversupply and the expense of generating solar energy.

 

India’s solar energy market will benefit from increased government investment, and is likely to become one of the world’s leading solar producers, according to research from RNCOS. Schemes such as the Jawaharlal Nehru National Solar Mission and those promoting energy-efficient green buildings and solar city projects along with solar PV device subsidies will fuel the country’s solar energy industry. Yearly PV-installed capacity is expected to record almost 50% yearly growth for the four-year period ending 2014 to reach 1500 MW. Leading players include Moser Baer India, Tata Solar and BHEL.

 

 

Market Outlook

 

The falling cost of PV modules will continue to drive demand for distributed systems over the coming years, reports Pike Research. Crystalline silicon manufacturers in China will continue to gain market share. Manufacturers will be forced to compete more fiercely to adhere to the market’s general trend toward falling costs, which will positively impact consumer demand.

 

 

Leading Industry Associations

 

 

 

You might be interested in these related markets

 

Understand the Solar Photovoltaic Industry Quickly & Get Actionable Data Easily. The Latest Reports with Statistics & Trends from Top Industry Sources
1-10 of about 3 200 reports

Global Solar Photovoltaic Forecast Statistics

  • January 2015
    32 pages
  • Solar Power  

    Solar Photovolt  

    Solar Power Sat  

  • Europe  

    World  

View report >

Solar Photovoltaic Industry in the US

  • May 2015
    32 pages
  • Solar Photovolt  

    Electricity  

  • United States  

View report >

The future of the Solar Photovoltaic Industry in Europe

  • June 2015
    24 pages
  • Solar Photovolt  

  • Europe  

    Germany  

View report >

Solar Photovoltaic Industry in Asia Forecast

  • June 2013
    16 pages
  • Asia  

    Thailand  

    World  

View report >

The future of the Solar Photovoltaic Industry in Japan

  • November 2014
    43 pages
  • Solar Photovolt  

    Bio Fuel  

    Electricity Gen  

  • Japan  

    Asia  

    OECD  

View report >

Solar Photovoltaic Industry in France

  • January 2013
    5 pages
  • Solar Power  

    Solar Panel  

    Solar Power Sat  

  • France  

    Europe  

    China  

View report >

Solar Photovoltaic Industry in Germany

  • September 2014
    136 pages
  • Solar Photovolt  

  • Germany  

View report >

Solar Photovoltaic Supply in Italy

  • May 2013
    21 pages
  • Solar Photovolt  

  • Italy  

View report >

Solar Photovoltaic Industry in the UK Forecast

  • July 2015
    15 pages
  • Solar Photovolt  

  • United Kingdom  

View report >

Solar Photovoltaic Industry in Canada

  • May 2014
    49 pages
  • Solar Photovolt  

    Energy  

  • Canada  

    North America  

    World  

View report >


About 800 reports

Purchase Reports From Reputable Market Research Publishers
(From $ 75 - $ 4 975)

The Rise of Perovskite Solar Cells 2015-2025

The Rise of Perovskite Solar Cells 2015-2025

  • $ 4 975
  • Industry report
  • June 2015
  • by IDTechEx Ltd

As one of the top ten science breakthroughs of 2013, perovskite solar cells have shown potential both in the rapid efficiency improvement (from 2.2% in 2006 to the latest record 20.1% in 2014) and in cheap ...

Distributed Solar Pv: Market Drivers And Barriers, Tech ...

July 2015 $ 4 600

Polycrystalline Silicon Markets In China

July 2015 $ 4 000

Global Thin Film Photovoltaic Cells Industry 2015 Marke ...

May 2015 $ 2 850

Global Floating Solar Panels Industry Report 2015

July 2015 $ 2 800

Global Pv Inverter Industry Report 2015

July 2015 $ 2 800

Global Rooftop Solar Pv Industry Report 2015

July 2015 $ 2 800

Global Indium Tin Oxide (ito) Market 2015-2019

July 2015 $ 2 500

Solar Pv In Chile, Market Outlook To 2025, Update 2015 ...

June 2015 $ 2 500

Solar Pv In Switzerland, Market Outlook To 2025, Update ...

June 2015 $ 2 500

ReportLinker is an award-winning market research solution that finds, filters and organizes the latest industry data so you get all the market research you need - quickly, in one place.