Asia-Pacific Solar Panel Market Size, Growth Analysis Report, Forecast to 2027


Posted September 24, 2021 by alfahadkhan2510

Asia-Pacific solar panel market is estimated to grow at a significant CAGR during the forecast period (2021-2027).

 
Asia-Pacific solar panel market is estimated to grow at a significant CAGR during the forecast period (2021-2027). A variety of factors such as environmental concerns, decreasing price of main raw materials (silver, polysilicon), and demand for energy due to the rise in population are driving the Asia-pacific solar panel market. Moreover, increased carbon emission due to fossil fuel and the need for unlimited clean energy are the other factors that are contributing to the growth of the Asia-pacific solar panel market. The adoption of solar panels in various applications includes making rooftop, utility lands, and others are increasing which makes them more demanding. Besides, the government, as well as other major players, are investing in the market, and strong government support in form of tax rebates, and incentives are further projected to provide significant market growth in the near future.

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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.

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Asia-Pacific Solar Panel Market is segregated geographically into China, India, Japan, and the Rest of Asia-Pacific that. China and India are projected to contribute the highest share in the Asia-Pacific solar panel market during the forecast period followed by Japan. The factors contributing to the growth of this region include government initiatives towards renewable energy generation and subsidies for solar panel installations. According to the National Survey Report of PV Power Applications in China, in 2019 the annual photovoltaic power generation capacity was 22.43 billion kWh, accounting for 3.1% of China's total annual power generation (723.41 billion kWh), an increase of 0.5% year-on-year. On the other hand, the factors such as the rising demand for renewable energy sources to curb carbon emission, and the declining cost of photovoltaic cells for solar panels drives the market in this region.

Asia-Pacific Solar Panel Market – Segmentation
by Panel Type
Monocrystalline
Polycrystalline
Thin-Film
Amorphous Silicon (A-SI)
Cadmium Telluride (CDTE)
Copper Indium Gallium Selenide (CIS/CIGS)
by End-User
Residential Sector
Commercial Sector
by Installation
Ground-Mount
Rooftop

Asia-Pacific Solar Panel Market – Segmentation by Region 
China
Japan
India
Rest of Asia-Pacific

Company Profiles
Canadian Solar Inc.
Csun Solar Tech
Evergreen Solar
First Solar, Inc.
Hanwha Group
JA SOLAR Technology Co., Ltd.
JinkoSolar Holding Co., Ltd.
Juwi Holding AG
Motech Industries Inc.
RISEN ENERGY CO., LTD.
SoloPower Systems, Inc.
SunEdison Inc.
SunPower Corp.
Wuxi Suntech Power Co., Ltd.
Tata Power Solar Systems Ltd
Trina Solar Ltd.
Yingli Green Energy Holding Co. Ltd.
Zhongli Talesun Solar Co., Ltd.

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Contact Email [email protected]
Issued By Alfahad khan
Phone +91 780-304-0404
Country India
Categories Business
Tags asiapacific solar panel market
Last Updated September 24, 2021