Monocrystalline Solar Panel Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Today, electrical energy is a basic requirement, and its demand is rising globally. Additionally, the demand for a backup energy source has grown, and as solar energy is a renewable energy source supported by the government's ambitious green energy plans, it has drawn a lot of attention from investors. The development of solar powerhouses and an increase in solar energy production over the past ten years in nations like China, Germany, and the United States has fueled the expansion of the solar panel industry. Due to growing public awareness of the negative environmental effects of fossil fuels, monocrystalline solar cells (Mono-Si) are widely used nowadays. One of the most popular semiconductor materials in photovoltaic (PV) technology is this solar cell.
MARKET DYNAMICS
One of the key drivers propelling the monocrystalline solar cell (Mono-Si) industry is the growing consumer awareness of the negative environmental effects of non-renewable source-based power. Additionally, the market benefits from a growing reliance on unconventional energy sources. Additionally, the market grows faster due to increased economic growth and energy security. Additionally, the necessity to use modern energy services to combat poverty and enhance quality of life has increased, which has helped the industry grow.
MARKET SCOPE
The "Global Monocrystalline Solar Panel Market Analysis to 2031" is a specialized and in-depth study of the monocrystalline solar panel market with a special focus on the global market trend analysis. The report aims to provide an overview of the monocrystalline solar panel market with detailed market segmentation by grid type, application, installation, technology and geography. The global monocrystalline solar panel market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading monocrystalline solar panel market players and offers key trends and opportunities in the monocrystalline solar panel market.
MARKET SEGMENTATION
The global monocrystalline solar panel market is segmented based on grid type, application, installation, and technology. Based on grid type, monocrystalline solar panel market is segmented into grid connected and off-grid. Based on application, monocrystalline solar panel market is segmented into residential, commercial, industrial and power utilities. Based on installation, monocrystalline solar panel market is segmented into ground-mount and rooftop solar pv. Based on technology, monocrystalline solar panel market is segmented into crystalline silicon cells, thin film cells and ultra-thin film cells.
IMPACT OF COVID-19 ON MONOCRYSTALLINE SOLAR PANEL MARKET
Due to the stringent lockdowns and social isolation necessary to stop the virus's propagation, the COVID-19 had a negative effect on the monocrystalline solar cell (Mono-Si) business. Demand for monocrystalline solar cell (Mono-Si) technology was hurt by the uncertain economy, a partial corporate shutdown, and poor consumer confidence. During the pandemic, the supply chain was hindered and logistics operations were delayed. However, because of the lifting of the constraints, it is anticipated that the monocrystalline solar cell (Mono-Si) market will pick up speed in the post-pandemic environment.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Monocrystalline Solar Panel Market based on various segments. It also provides market size and forecast estimates from year 2017 to 2031 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Monocrystalline Solar Panel Market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Monocrystalline Solar Panel Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the monocrystalline solar panel market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Monocrystalline Solar Panel Market based on various segments. It also provides market size and forecast estimates from year 2017 to 2031 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Monocrystalline Solar Panel Market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Monocrystalline Solar Panel Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the monocrystalline solar panel market in these regions.
MARKET PLAYERS
The reports cover key developments in the monocrystalline solar panel market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from monocrystalline solar panel market are anticipated to lucrative growth opportunities in the future with the rising demand for monocrystalline solar panel market. Below mentioned is the list of few companies engaged in the monocrystalline solar panel market.
The report also includes the profiles of key monocrystalline solar panel market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- First Solar.
- SunPower Corporation
- Suniva Inc
- Tata Power Solar Systems Ltd.
- SHARP CORPORATION
- ALPS Technology Inc.
- Solaris Technology Industry, Inc.
- GREEN BRILLIANCE RENEWABLE ENERGY LLP
- Trina Solar
- Canadian Solar.
- sJinko Solar
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Monocrystalline Solar Panel Market - By Grid Type
1.3.2 Monocrystalline Solar Panel Market - By Application
1.3.3 Monocrystalline Solar Panel Market - By Installation
1.3.4 Monocrystalline Solar Panel Market - By Technology
1.3.5 Monocrystalline Solar Panel Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. MONOCRYSTALLINE SOLAR PANEL MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. MONOCRYSTALLINE SOLAR PANEL MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. MONOCRYSTALLINE SOLAR PANEL MARKET - GLOBAL MARKET ANALYSIS
6.1. MONOCRYSTALLINE SOLAR PANEL - GLOBAL MARKET OVERVIEW
6.2. MONOCRYSTALLINE SOLAR PANEL - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. MONOCRYSTALLINE SOLAR PANEL MARKET - REVENUE AND FORECASTS TO 2028 - GRID TYPE
7.1. OVERVIEW
7.2. GRID TYPE MARKET FORECASTS AND ANALYSIS
7.3. GRID CONNECTED
7.3.1. Overview
7.3.2. Grid Connected Market Forecast and Analysis
7.4. OFF-GRID
7.4.1. Overview
7.4.2. Off-Grid Market Forecast and Analysis
8. MONOCRYSTALLINE SOLAR PANEL MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. RESIDENTIAL
8.3.1. Overview
8.3.2. Residential Market Forecast and Analysis
8.4. COMMERCIAL
8.4.1. Overview
8.4.2. Commercial Market Forecast and Analysis
8.5. INDUSTRIAL
8.5.1. Overview
8.5.2. Industrial Market Forecast and Analysis
8.6. POWER UTILITIES
8.6.1. Overview
8.6.2. Power Utilities Market Forecast and Analysis
9. MONOCRYSTALLINE SOLAR PANEL MARKET - REVENUE AND FORECASTS TO 2028 - INSTALLATION
9.1. OVERVIEW
9.2. INSTALLATION MARKET FORECASTS AND ANALYSIS
9.3. GROUND-MOUNT
9.3.1. Overview
9.3.2. Ground-Mount Market Forecast and Analysis
9.4. ROOFTOP SOLAR PV
9.4.1. Overview
9.4.2. Rooftop Solar PV Market Forecast and Analysis
10. MONOCRYSTALLINE SOLAR PANEL MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
10.1. OVERVIEW
10.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
10.3. CRYSTALLINE SILICON CELLS
10.3.1. Overview
10.3.2. Crystalline Silicon Cells Market Forecast and Analysis
10.4. THIN FILM CELLS
10.4.1. Overview
10.4.2. Thin Film Cells Market Forecast and Analysis
10.5. ULTRA-THIN FILM CELLS
10.5.1. Overview
10.5.2. Ultra-Thin Film Cells Market Forecast and Analysis
11. MONOCRYSTALLINE SOLAR PANEL MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Monocrystalline Solar Panel Market Overview
11.1.2 North America Monocrystalline Solar Panel Market Forecasts and Analysis
11.1.3 North America Monocrystalline Solar Panel Market Forecasts and Analysis - By Grid Type
11.1.4 North America Monocrystalline Solar Panel Market Forecasts and Analysis - By Application
11.1.5 North America Monocrystalline Solar Panel Market Forecasts and Analysis - By Installation
11.1.6 North America Monocrystalline Solar Panel Market Forecasts and Analysis - By Technology
11.1.7 North America Monocrystalline Solar Panel Market Forecasts and Analysis - By Countries
11.1.7.1 United States Monocrystalline Solar Panel Market
11.1.7.1.1 United States Monocrystalline Solar Panel Market by Grid Type
11.1.7.1.2 United States Monocrystalline Solar Panel Market by Application
11.1.7.1.3 United States Monocrystalline Solar Panel Market by Installation
11.1.7.1.4 United States Monocrystalline Solar Panel Market by Technology
11.1.7.2 Canada Monocrystalline Solar Panel Market
11.1.7.2.1 Canada Monocrystalline Solar Panel Market by Grid Type
11.1.7.2.2 Canada Monocrystalline Solar Panel Market by Application
11.1.7.2.3 Canada Monocrystalline Solar Panel Market by Installation
11.1.7.2.4 Canada Monocrystalline Solar Panel Market by Technology
11.1.7.3 Mexico Monocrystalline Solar Panel Market
11.1.7.3.1 Mexico Monocrystalline Solar Panel Market by Grid Type
11.1.7.3.2 Mexico Monocrystalline Solar Panel Market by Application
11.1.7.3.3 Mexico Monocrystalline Solar Panel Market by Installation
11.1.7.3.4 Mexico Monocrystalline Solar Panel Market by Technology
11.2. EUROPE
11.2.1 Europe Monocrystalline Solar Panel Market Overview
11.2.2 Europe Monocrystalline Solar Panel Market Forecasts and Analysis
11.2.3 Europe Monocrystalline Solar Panel Market Forecasts and Analysis - By Grid Type
11.2.4 Europe Monocrystalline Solar Panel Market Forecasts and Analysis - By Application
11.2.5 Europe Monocrystalline Solar Panel Market Forecasts and Analysis - By Installation
11.2.6 Europe Monocrystalline Solar Panel Market Forecasts and Analysis - By Technology
11.2.7 Europe Monocrystalline Solar Panel Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Monocrystalline Solar Panel Market
11.2.7.1.1 Germany Monocrystalline Solar Panel Market by Grid Type
11.2.7.1.2 Germany Monocrystalline Solar Panel Market by Application
11.2.7.1.3 Germany Monocrystalline Solar Panel Market by Installation
11.2.7.1.4 Germany Monocrystalline Solar Panel Market by Technology
11.2.7.2 France Monocrystalline Solar Panel Market
11.2.7.2.1 France Monocrystalline Solar Panel Market by Grid Type
11.2.7.2.2 France Monocrystalline Solar Panel Market by Application
11.2.7.2.3 France Monocrystalline Solar Panel Market by Installation
11.2.7.2.4 France Monocrystalline Solar Panel Market by Technology
11.2.7.3 Italy Monocrystalline Solar Panel Market
11.2.7.3.1 Italy Monocrystalline Solar Panel Market by Grid Type
11.2.7.3.2 Italy Monocrystalline Solar Panel Market by Application
11.2.7.3.3 Italy Monocrystalline Solar Panel Market by Installation
11.2.7.3.4 Italy Monocrystalline Solar Panel Market by Technology
11.2.7.4 United Kingdom Monocrystalline Solar Panel Market
11.2.7.4.1 United Kingdom Monocrystalline Solar Panel Market by Grid Type
11.2.7.4.2 United Kingdom Monocrystalline Solar Panel Market by Application
11.2.7.4.3 United Kingdom Monocrystalline Solar Panel Market by Installation
11.2.7.4.4 United Kingdom Monocrystalline Solar Panel Market by Technology
11.2.7.5 Russia Monocrystalline Solar Panel Market
11.2.7.5.1 Russia Monocrystalline Solar Panel Market by Grid Type
11.2.7.5.2 Russia Monocrystalline Solar Panel Market by Application
11.2.7.5.3 Russia Monocrystalline Solar Panel Market by Installation
11.2.7.5.4 Russia Monocrystalline Solar Panel Market by Technology
11.2.7.6 Rest of Europe Monocrystalline Solar Panel Market
11.2.7.6.1 Rest of Europe Monocrystalline Solar Panel Market by Grid Type
11.2.7.6.2 Rest of Europe Monocrystalline Solar Panel Market by Application
11.2.7.6.3 Rest of Europe Monocrystalline Solar Panel Market by Installation
11.2.7.6.4 Rest of Europe Monocrystalline Solar Panel Market by Technology
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Monocrystalline Solar Panel Market Overview
11.3.2 Asia-Pacific Monocrystalline Solar Panel Market Forecasts and Analysis
11.3.3 Asia-Pacific Monocrystalline Solar Panel Market Forecasts and Analysis - By Grid Type
11.3.4 Asia-Pacific Monocrystalline Solar Panel Market Forecasts and Analysis - By Application
11.3.5 Asia-Pacific Monocrystalline Solar Panel Market Forecasts and Analysis - By Installation
11.3.6 Asia-Pacific Monocrystalline Solar Panel Market Forecasts and Analysis - By Technology
11.3.7 Asia-Pacific Monocrystalline Solar Panel Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Monocrystalline Solar Panel Market
11.3.7.1.1 Australia Monocrystalline Solar Panel Market by Grid Type
11.3.7.1.2 Australia Monocrystalline Solar Panel Market by Application
11.3.7.1.3 Australia Monocrystalline Solar Panel Market by Installation
11.3.7.1.4 Australia Monocrystalline Solar Panel Market by Technology
11.3.7.2 China Monocrystalline Solar Panel Market
11.3.7.2.1 China Monocrystalline Solar Panel Market by Grid Type
11.3.7.2.2 China Monocrystalline Solar Panel Market by Application
11.3.7.2.3 China Monocrystalline Solar Panel Market by Installation
11.3.7.2.4 China Monocrystalline Solar Panel Market by Technology
11.3.7.3 India Monocrystalline Solar Panel Market
11.3.7.3.1 India Monocrystalline Solar Panel Market by Grid Type
11.3.7.3.2 India Monocrystalline Solar Panel Market by Application
11.3.7.3.3 India Monocrystalline Solar Panel Market by Installation
11.3.7.3.4 India Monocrystalline Solar Panel Market by Technology
11.3.7.4 Japan Monocrystalline Solar Panel Market
11.3.7.4.1 Japan Monocrystalline Solar Panel Market by Grid Type
11.3.7.4.2 Japan Monocrystalline Solar Panel Market by Application
11.3.7.4.3 Japan Monocrystalline Solar Panel Market by Installation
11.3.7.4.4 Japan Monocrystalline Solar Panel Market by Technology
11.3.7.5 South Korea Monocrystalline Solar Panel Market
11.3.7.5.1 South Korea Monocrystalline Solar Panel Market by Grid Type
11.3.7.5.2 South Korea Monocrystalline Solar Panel Market by Application
11.3.7.5.3 South Korea Monocrystalline Solar Panel Market by Installation
11.3.7.5.4 South Korea Monocrystalline Solar Panel Market by Technology
11.3.7.6 Rest of Asia-Pacific Monocrystalline Solar Panel Market
11.3.7.6.1 Rest of Asia-Pacific Monocrystalline Solar Panel Market by Grid Type
11.3.7.6.2 Rest of Asia-Pacific Monocrystalline Solar Panel Market by Application
11.3.7.6.3 Rest of Asia-Pacific Monocrystalline Solar Panel Market by Installation
11.3.7.6.4 Rest of Asia-Pacific Monocrystalline Solar Panel Market by Technology
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Monocrystalline Solar Panel Market Overview
11.4.2 Middle East and Africa Monocrystalline Solar Panel Market Forecasts and Analysis
11.4.3 Middle East and Africa Monocrystalline Solar Panel Market Forecasts and Analysis - By Grid Type
11.4.4 Middle East and Africa Monocrystalline Solar Panel Market Forecasts and Analysis - By Application
11.4.5 Middle East and Africa Monocrystalline Solar Panel Market Forecasts and Analysis - By Installation
11.4.6 Middle East and Africa Monocrystalline Solar Panel Market Forecasts and Analysis - By Technology
11.4.7 Middle East and Africa Monocrystalline Solar Panel Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Monocrystalline Solar Panel Market
11.4.7.1.1 South Africa Monocrystalline Solar Panel Market by Grid Type
11.4.7.1.2 South Africa Monocrystalline Solar Panel Market by Application
11.4.7.1.3 South Africa Monocrystalline Solar Panel Market by Installation
11.4.7.1.4 South Africa Monocrystalline Solar Panel Market by Technology
11.4.7.2 Saudi Arabia Monocrystalline Solar Panel Market
11.4.7.2.1 Saudi Arabia Monocrystalline Solar Panel Market by Grid Type
11.4.7.2.2 Saudi Arabia Monocrystalline Solar Panel Market by Application
11.4.7.2.3 Saudi Arabia Monocrystalline Solar Panel Market by Installation
11.4.7.2.4 Saudi Arabia Monocrystalline Solar Panel Market by Technology
11.4.7.3 U.A.E Monocrystalline Solar Panel Market
11.4.7.3.1 U.A.E Monocrystalline Solar Panel Market by Grid Type
11.4.7.3.2 U.A.E Monocrystalline Solar Panel Market by Application
11.4.7.3.3 U.A.E Monocrystalline Solar Panel Market by Installation
11.4.7.3.4 U.A.E Monocrystalline Solar Panel Market by Technology
11.4.7.4 Rest of Middle East and Africa Monocrystalline Solar Panel Market
11.4.7.4.1 Rest of Middle East and Africa Monocrystalline Solar Panel Market by Grid Type
11.4.7.4.2 Rest of Middle East and Africa Monocrystalline Solar Panel Market by Application
11.4.7.4.3 Rest of Middle East and Africa Monocrystalline Solar Panel Market by Installation
11.4.7.4.4 Rest of Middle East and Africa Monocrystalline Solar Panel Market by Technology
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Monocrystalline Solar Panel Market Overview
11.5.2 South and Central America Monocrystalline Solar Panel Market Forecasts and Analysis
11.5.3 South and Central America Monocrystalline Solar Panel Market Forecasts and Analysis - By Grid Type
11.5.4 South and Central America Monocrystalline Solar Panel Market Forecasts and Analysis - By Application
11.5.5 South and Central America Monocrystalline Solar Panel Market Forecasts and Analysis - By Installation
11.5.6 South and Central America Monocrystalline Solar Panel Market Forecasts and Analysis - By Technology
11.5.7 South and Central America Monocrystalline Solar Panel Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Monocrystalline Solar Panel Market
11.5.7.1.1 Brazil Monocrystalline Solar Panel Market by Grid Type
11.5.7.1.2 Brazil Monocrystalline Solar Panel Market by Application
11.5.7.1.3 Brazil Monocrystalline Solar Panel Market by Installation
11.5.7.1.4 Brazil Monocrystalline Solar Panel Market by Technology
11.5.7.2 Argentina Monocrystalline Solar Panel Market
11.5.7.2.1 Argentina Monocrystalline Solar Panel Market by Grid Type
11.5.7.2.2 Argentina Monocrystalline Solar Panel Market by Application
11.5.7.2.3 Argentina Monocrystalline Solar Panel Market by Installation
11.5.7.2.4 Argentina Monocrystalline Solar Panel Market by Technology
11.5.7.3 Rest of South and Central America Monocrystalline Solar Panel Market
11.5.7.3.1 Rest of South and Central America Monocrystalline Solar Panel Market by Grid Type
11.5.7.3.2 Rest of South and Central America Monocrystalline Solar Panel Market by Application
11.5.7.3.3 Rest of South and Central America Monocrystalline Solar Panel Market by Installation
11.5.7.3.4 Rest of South and Central America Monocrystalline Solar Panel Market by Technology
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. MONOCRYSTALLINE SOLAR PANEL MARKET, KEY COMPANY PROFILES
13.1. FIRST SOLAR.
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. SUNPOWER CORPORATION
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. SUNIVA INC
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. TATA POWER SOLAR SYSTEMS LTD.
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. SHARP CORPORATION
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. ALPS TECHNOLOGY INC.
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. SOLARIS TECHNOLOGY INDUSTRY, INC.
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. GREEN BRILLIANCE RENEWABLE ENERGY LLP
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. TRINA SOLAR
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. CANADIAN SOLAR.
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
13.11. JINKO SOLAR
13.11.1. Key Facts
13.11.2. Business Description
13.11.3. Products and Services
13.11.4. Financial Overview
13.11.5. SWOT Analysis
13.11.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1.First Solar.
2.SunPower Corporation
3.Suniva Inc
4.Tata Power Solar Systems Ltd.
5.SHARP CORPORATION
6.ALPS Technology Inc.
7.Solaris Technology Industry, Inc.
8.GREEN BRILLIANCE RENEWABLE ENERGY LLP
9.Trina Solar
10.Canadian Solar.
11.Jinko Solar
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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