1. Market Research
  2. > Energy & Environment
  3. > Energy
  4. > Renewable Energy
  5. > Solar Energy Market Trends
Asia-Pacific Solar Energy Market Outlook, Focus on Solar Photovoltaic (PV) and Solar Thermal Energy by Equipment, Application, and Geography: Estimation and Forecast, 2015-2020

Asia-Pacific Solar Energy Market Outlook, Focus on Solar Photovoltaic (PV) and Solar Thermal Energy by Equipment, Application, and Geography: Estimation and Forecast, 2015-2020

  • November 2015
  • 211 pages
  • ID: 4818000
  • Format: PDF
  • By BIS Research

Summary

Table of Contents

Description
Being one of the most abundantly available renewable energy resources in the Asia Pacific regions, solar energy is now witnessing tremendous growth potential in. The increasing focus on sustainable development along with the motto of reducing carbon and green house gas emissions is primarily acting as an impetus for the adoption of solar energy.

Solar energy has significantly changed from being an alternative source of energy to a form of mainstream energy source used for power generation. This is visible due to the increasing reliance on solar energy owing to the recent development, following the likes of encouraging government incentives and declining costs of photovoltaic equipment in the Asian countries. The primary reason behind the growing popularity of the solar energy diversity is in the ways of harnessing various forms of solar energy using variety of technologies such as PV cell, thermal heating, and concentrated solar power technology.

The report on “Asia-Pacific Solar Market” covers all these technologies, analyzed qualitatively and quantitatively. The qualitative data focuses on the market dynamic, trends, and developments in the solar energy sector while the quantitative data provides the information of the market statistics in terms of capacity, generation, and revenue. Moreover, the report puts special emphasis on thermal solar heating and solar PV technology, describing their ecosystem and applications individually.

In the market overview chapter, the report talks about the evolution of solar energy along with investment analysis, and the dynamics of the solar market. The market dynamics highlights the key drivers and restraining forces all along certain untapped opportunities of this market. The report also provides a comprehensive section of the key consortiums and the authorities with their role in governing laws for solar energy sector.

The competitive insight offers a descriptive study on the impact of the Porter’s five forces on the solar energy industry. It provides the readers with an adequate understanding of the current status of the market by using the main factors of the five forces, alongside presenting detailed information on existing competitors as well as new competition in the market. The chapter also winds up the market share analysis of top players on the basis of revenue.

The solar market is segmented by application and by geography in the report including the major countries in the APAC region. The application chapter fragments the uses of solar electricity in the utility scale, residential, and commercial segment. The major countries covered in geography chapter of APAC are China, India, Japan, and Australia among others.

Owing to the increasing environmental concerns and associated regulations with regard to the deployment of solar energy, this sector is expanding at a double digit growth rate, with China acquiring the largest market. With an equipment market worth $11.19 billion in 2014 in China, the solar PV sector is expected to reach cumulative installed capacity of 143 GW through the forecast period from 2015-2020. India, now expected to be growing at the fastest CAGR, is anticipated to hold a total market of worth 4.71 billion by 2020.

The key questions answered in the report are:-
- What are the technologies used to harness the solar radiation?
- What are the key drivers pushing the market growth of solar energy in APAC region?
- What are the major challenges faced against the proliferation of solar generation in APAC region?
- What are the potential opportunities of the solar power market along with the competition?
- How are the new regulations and laws governing the solar market?
- Who is the main governing body formulating the laws for solar energy sector?
- Which region of APAC is leading in solar PV production?
- What are the major applications of solar energy market?
- Which country will be having the highest growth rate by the end of the forecast period?

Executive Summary
Renewable energy possesses a vast expanse of untapped market potential, and irrespective of its abundant availability, it is yet to achieve a wide scale adoption among both government and private bodies. The solar energy market (PV and solar thermal) has gained significant traction in the recent past, and is anticipated to attain almost 265GW and 568GWth of cumulative capacity by 2020 for solar PV and solar thermal respectively. The market expansion within the APAC region is primarily attributed to the rising energy demand in developing countries and the advancement in technologies, which enable higher degree of energy efficiency.

In the year 2015, the total installed capacity is expected to be 29.32 GW with more than 8 GW of new installation in the same year itself. Moreover, the new installations are estimated to grow at a decent rate reaching 37.97 GW by the end of the forecast period. This further puts the country closer to achieve the goal of sustainable development, whilst keeping in mind the pace of economical growth.

The countries covered in the report boast of climatic conditions favorable enough for harnessing solar energy, which acts as a major boosting factor for driving the market in APAC region. While China has dominated the overall market in terms of capacity, generation, and revenue, India will be the fastest growing country in the remaining of this decade. The government support towards the adoption of solar energy in the form of policies and incentive schemes is another big factor impelling the solar energy market. However, the high installation cost of solar modules acts as a key restraint in the overall market growth.

Sustainable harnessing of solar radiation using various technologies available in the market makes solar energy one of the most potential alternatives as compared to the conventional sources of energy such as fossil fuels. The most widely used technologies include: solar PV, solar thermal heating and concentrated solar power technology.

The Solar Photo Voltaic (PV) Market Estimation and Forecast chapter is the result of comprehensive and rigorous research of solar PV ecosystem and the generation capacity of the PV cells. The analysis has identified that while Solar PV modules were the largest revenue generating segment in 2014, the growth rate will be rather low for solar PV inverters.

The market growth for inverters is anticipated to be steady in the next five years, rising at a CAGR of 2.13%. The application market identifies the split of different applications by countries, concluding that while countries like China and India had a dominant share of utility scale solar PV installations, Australia and Japan had considerable share in the residential and commercial segment respectively. In terms of revenue, utility scale contributed approximately $10.69 billion in 2014 and commercial application will be growing at a CAGR of 13.20% from 2015 to 2020 and grow over $16.91 billion by 2020.

Among the countries in APAC, China has the largest market share in solar PV energy segment reaching the cumulative capacity of 27.81 GW in 2014 and is expected to achieve over 143 GW of cumulative installed capacity by 2020. India will be growing at the fastest CAGR through the forecast period to a reach a cumulative capacity over 35 GW by 2020. The other countries covered in the report are South Korea, Thailand, Indonesia, Philippines, Pakistan, and Malaysia among others. The companies dominating the solar energy market such as Yingly Solar, Trina Solar, Kyocera, and First Solar among others, are profiled in the report.

Countries Covered
China,India,Japan,Australia

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
10% Off

($2999)

  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
Photovoltaic Market by Technology and Application: Global Opportunity Analysis and Industry Forecast, 2019-2026

Photovoltaic Market by Technology and Application: Global Opportunity Analysis and Industry Forecast, 2019-2026

  • $ 3840
  • August 2019

Photovoltaic Market by Technology (Thin Film, Mono Si and Multi Si), System (High Concentration Photovoltaic (HCPV) and Low Concentration Photovoltaic (LCPV)), and Application (Industrial, Residential ...

Ukraine Solar Photovoltaic (PV) Analysis: Market Outlook to 2030, Update 2019

Ukraine Solar Photovoltaic (PV) Analysis: Market Outlook to 2030, Update 2019

  • $ 2500
  • November 2019

Ukraine Solar Photovoltaic (PV) Analysis: Market Outlook to 2030, Update 2019SummaryUkraine Solar Photovoltaics (PV) Analysis: Market Outlook to 2030, Update 2019 is the latest report , the industry analysis ...

France Solar Photovoltaics (PV) Analysis: Market Outlook to 2030, Update 2019

France Solar Photovoltaics (PV) Analysis: Market Outlook to 2030, Update 2019

  • $ 2500
  • November 2019

France Solar Photovoltaics (PV) Analysis: Market Outlook to 2030, Update 2019SummaryFrance Solar Photovoltaic (PV) Analysis, Market Outlook to 2030, Update 2019 is the latest report , the industry analysis ...


ref:plp2015

Reportlinker.com © Copyright 2019. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on