(Companies: Trina, Canadian Solar, Jinko, Hanwha Q-Cell and SunPower)
The global solar photovoltaic panel manufacturing market was valued at about $152.73 billion in 2018. The European market is the largest market for solar photovoltaic panel manufacturing and is expected to continue to be the largest market during the forecast period.
Photovoltaics (PV) is the technology for converting sunlight into electricity by using semiconductors which are present in PV cells. These PV cells are interconnected to form an array and are mounted to a frame. When the PV cells receives the sun rays, the electrons in the semiconductors are released and their movement generates an electric current. These PV cells are packaged behind glass to form photovoltaic modules with an average service life of 20-40 years.
The global solar photovoltaic panel manufacturing market (https://www.thebusinessresearchcompany.com/report/solar-photovoltaic-panel-manufacturing-global-market-report) is expected to grow to $267.13 billion at a rate of about 15.0% through 2022. Favorable government initiatives such as tax subsidies and huge investments favors the growth of the solar photovoltaic panel manufacturing market.
However, the growth of the solar photovoltaic (PV) panel manufacturing market is restricted by unfair trade and sales practices in the market. The unfair trade practices hamper the growth of local industries as well as industries which are trading at a global level.
Photovoltaic manufacturers are shifting towards monocrystalline cell technology from the more common multicrystalline cells and modules. This is a prominent trend faced by the solar photovoltaic panel manufacturing industry. Monocrystalline panels have a high-power output, occupy less space, and last long because the formation of cells in these panels allows more freedom for the electrons to move, resulting in a higher efficiency compared to multicrystalline cells.
Major players in the market are Trina, Canadian Solar, Jinko, Hanwha Q-Cell and SunPower. SunPower Corporation is an American energy company that designs and manufactures crystalline silicon photovoltaic cells and solar panels based on an all-back-contact solar cell invented at Stanford University.
Few Points From Table Of Contents:
3. Solar Photovoltaic Panel Manufacturing Market Size And Growth
3.1. Global Solar Photovoltaic Panel Manufacturing Historic Market, 2014 – 2018, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Solar Photovoltaic Panel Manufacturing Forecast Market, 2018 – 2022F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Solar Photovoltaic Panel Manufacturing Market Segmentation
4.1. Global Solar Photovoltaic Panel Manufacturing Market, Segmentation By Technology, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
Thin Film
Crystalline Silicon
Others (Organic and Concentrator Photovoltaics)
4.2. Global Solar Photovoltaic Panel Manufacturing Market, Segmentation By End-Use, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
Residential
Commercial
Utility-Scale
4.3. Global Solar Photovoltaic Panel Manufacturing Market, Segmentation By Grid Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
Grid Connected
Off-Grid
5. Solar Photovoltaic Panel Manufacturing Market Regional And Country Analysis
5.1. Global Solar Photovoltaic Panel Manufacturing Market, Split By Region, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
5.2. Global Solar Photovoltaic Panel Manufacturing Market, Split By Country, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
6. Asia-Pacific Solar Photovoltaic Panel Manufacturing Market
6.1. Asia-Pacific Solar Photovoltaic Panel Manufacturing Market Overview
6.2. Asia-Pacific Solar Photovoltaic Panel Manufacturing Market, Segmentation By Technology, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
6.3. Asia-Pacific Solar Photovoltaic Panel Manufacturing Market, Segmentation By End-Use, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
7. China Solar Photovoltaic Panel Manufacturing Market
7.1. China Solar Photovoltaic Panel Manufacturing Market Overview
7.2. China Solar Photovoltaic Panel Manufacturing Market, Segmentation By Technology, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F,$ Billion
7.3. China Solar Photovoltaic Panel Manufacturing Market, Segmentation By End-Use, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F,$ Billion
8. India Solar Photovoltaic Panel Manufacturing Market
8.1. India Solar Photovoltaic Panel Manufacturing Market Overview
8.2. India Solar Photovoltaic Panel Manufacturing Market, Segmentation By Technology, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
8.3. India Solar Photovoltaic Panel Manufacturing Market, Segmentation By End-Use, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
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