Solar Photovoltaic (PV) Market Insights and Growth by 2031
The photovoltaic energy extracted from the sun is known as solar photovoltaic (PV). The solar energy uses a photovoltaic effect-based technique to turn sunlight into electricity. The solar power is the most dependable and plentiful renewable energy source on the planet. It demonstrates that it is a viable alternative to fossil fuels, which are now harming the environment and contributing to the global warming. The rising demand for sustainable energy supplies, combined with favorable government legislation aimed at reducing reliance on fossil fuels, is projected to be a major driver for the growth of the solar photovoltaic (PV) market during the forecast period.
MARKET SCOPE
The "Global Solar photovoltaic cell (PV) Market Analysis to 2031" is a specialized and in-depth study of the Solar photovoltaic cell (PV) market with a special focus on the global market trend analysis. The report aims to provide an overview of solar photovoltaic cell (PV) market with detailed market segmentation by technology, grid type, installation, application, and geography. The global solar photovoltaic cell (PV) market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading solar photovoltaic cell (PV) market players and offers key trends and opportunities in the solar photovoltaic cell (PV) market.
MARKET SEGMENTATION
- The global solar photovoltaic cell (PV) market is segmented on the basis of technology, grid type, installation, application.
- On the basis of technology, the market is segmented as monocytslaline silicon thin film, polycrystalline silicon, others.
- On the basis of grid type the market is segmented into on-grid, and off-grid.
- On the basis of installation the market is segmented into ground mounted, rooftop, and others.
- On the basis of application the market is segmented into residential, nonresidential, and utilities.
MARKET DYNAMICS
Drivers:
- Surge in demand for electricity.
- Rising demand for sustainable energy supplies.
- Lack of huge areas.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Solar photovoltaic cell (PV) market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring 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 affecting the Solar photovoltaic cell (PV) market in these regions.
IMPACT OF COVID-19 ON SOLAR PHOTOVOLTAIC CELL (PV) MARKET
The solar photovoltaic cell (PV) market is expected to decline in 2021, mainly due to the impact of COVID-19. Governments of several major economies have enforced lockdowns to curb the spread of COVID-19. With lockdown in place, manufacturing activities have been affected significantly. For instance, in January 2021, the Chinese government announced a lockdown of more than 30 days to tackle COVID-19. As the majority of the PV modules are manufactured in China, the production and supply chain has taken a significant hit. For instance, India imports ~80% of its solar value chain supplies from China. The lockdown had drastically affected the manufacturing capacity of China, as all major ship container companies had also stopped functioning out of Chinese ports and transporting goods from China to other countries. This resulted in supply chain disruptions in March and April 2021. Also, lockdown implemented in other countries caused supply chain disruptions and labor shortages in the PV industry. Companies were not able to source the required labor for their operations due to travel restrictions. Though the market is expected to be impacted in 2021, recovery is expected to commence in 2021, with full recovery by 2022.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Solar photovoltaic cell (PV) market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring 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 affecting the Solar photovoltaic cell (PV) market in these regions.
IMPACT OF COVID-19 ON SOLAR PHOTOVOLTAIC CELL (PV) MARKET
The solar photovoltaic cell (PV) market is expected to decline in 2021, mainly due to the impact of COVID-19. Governments of several major economies have enforced lockdowns to curb the spread of COVID-19. With lockdown in place, manufacturing activities have been affected significantly. For instance, in January 2021, the Chinese government announced a lockdown of more than 30 days to tackle COVID-19. As the majority of the PV modules are manufactured in China, the production and supply chain has taken a significant hit. For instance, India imports ~80% of its solar value chain supplies from China. The lockdown had drastically affected the manufacturing capacity of China, as all major ship container companies had also stopped functioning out of Chinese ports and transporting goods from China to other countries. This resulted in supply chain disruptions in March and April 2021. Also, lockdown implemented in other countries caused supply chain disruptions and labor shortages in the PV industry. Companies were not able to source the required labor for their operations due to travel restrictions. Though the market is expected to be impacted in 2021, recovery is expected to commence in 2021, with full recovery by 2022.
MARKET PLAYERS
The report covers key developments in the solar photovoltaic cell (PV) market 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 marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Solar photovoltaic cell (PV) market market are anticipated to lucrative growth opportunities in the future with the rising demand for solar photovoltaic cell (PV) market in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the solar photovoltaic cell (PV) market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- First Solar Inc.
- Sharp Corporation
- Suntech Power Holding Co. Ltd
- JinkoSolar Holding Co. Ltd
- JA Solar Holdings Co. Ltd
- Trina Solar Ltd
- Hanwha Q Cells Co. Ltd
- Acciona SA
- Canadian Solar Inc.
- SunPower Corporation.
- 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 Solar Photovoltaic (PV) Market - By Technology
1.3.2 Solar Photovoltaic (PV) Market - By Grid Type
1.3.3 Solar Photovoltaic (PV) Market - By Installation
1.3.4 Solar Photovoltaic (PV) Market - By Application
1.3.5 Solar Photovoltaic (PV) Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SOLAR PHOTOVOLTAIC (PV) MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. SOLAR PHOTOVOLTAIC (PV) 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. SOLAR PHOTOVOLTAIC (PV) MARKET - GLOBAL MARKET ANALYSIS
6.1. SOLAR PHOTOVOLTAIC (PV) - GLOBAL MARKET OVERVIEW
6.2. SOLAR PHOTOVOLTAIC (PV) - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. SOLAR PHOTOVOLTAIC (PV) MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
7.1. OVERVIEW
7.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
7.3. MONOCRYSTALLINE SILICON
7.3.1. Overview
7.3.2. Monocrystalline Silicon Market Forecast and Analysis
7.4. THIN FILM
7.4.1. Overview
7.4.2. Thin Film Market Forecast and Analysis
7.5. POLYCRYSTALLINE SILICON
7.5.1. Overview
7.5.2. Polycrystalline Silicon Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. SOLAR PHOTOVOLTAIC (PV) MARKET - REVENUE AND FORECASTS TO 2028 - GRID TYPE
8.1. OVERVIEW
8.2. GRID TYPE MARKET FORECASTS AND ANALYSIS
8.3. ON-GRID
8.3.1. Overview
8.3.2. On-grid Market Forecast and Analysis
8.4. OFF-GRID
8.4.1. Overview
8.4.2. Off-grid Market Forecast and Analysis
9. SOLAR PHOTOVOLTAIC (PV) MARKET - REVENUE AND FORECASTS TO 2028 - INSTALLATION
9.1. OVERVIEW
9.2. INSTALLATION MARKET FORECASTS AND ANALYSIS
9.3. GROUND MOUNTED
9.3.1. Overview
9.3.2. Ground Mounted Market Forecast and Analysis
9.4. ROOFTOP
9.4.1. Overview
9.4.2. Rooftop Market Forecast and Analysis
9.5. OTHERS
9.5.1. Overview
9.5.2. Others Market Forecast and Analysis
10. SOLAR PHOTOVOLTAIC (PV) MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
10.1. OVERVIEW
10.2. APPLICATION MARKET FORECASTS AND ANALYSIS
10.3. RESIDENTIAL
10.3.1. Overview
10.3.2. Residential Market Forecast and Analysis
10.4. NON-RESIDENTIAL
10.4.1. Overview
10.4.2. Non-residential Market Forecast and Analysis
10.5. UTILITIES
10.5.1. Overview
10.5.2. Utilities Market Forecast and Analysis
11. SOLAR PHOTOVOLTAIC (PV) MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Solar Photovoltaic (PV) Market Overview
11.1.2 North America Solar Photovoltaic (PV) Market Forecasts and Analysis
11.1.3 North America Solar Photovoltaic (PV) Market Forecasts and Analysis - By Technology
11.1.4 North America Solar Photovoltaic (PV) Market Forecasts and Analysis - By Grid Type
11.1.5 North America Solar Photovoltaic (PV) Market Forecasts and Analysis - By Installation
11.1.6 North America Solar Photovoltaic (PV) Market Forecasts and Analysis - By Application
11.1.7 North America Solar Photovoltaic (PV) Market Forecasts and Analysis - By Countries
11.1.7.1 United States Solar Photovoltaic (PV) Market
11.1.7.1.1 United States Solar Photovoltaic (PV) Market by Technology
11.1.7.1.2 United States Solar Photovoltaic (PV) Market by Grid Type
11.1.7.1.3 United States Solar Photovoltaic (PV) Market by Installation
11.1.7.1.4 United States Solar Photovoltaic (PV) Market by Application
11.1.7.2 Canada Solar Photovoltaic (PV) Market
11.1.7.2.1 Canada Solar Photovoltaic (PV) Market by Technology
11.1.7.2.2 Canada Solar Photovoltaic (PV) Market by Grid Type
11.1.7.2.3 Canada Solar Photovoltaic (PV) Market by Installation
11.1.7.2.4 Canada Solar Photovoltaic (PV) Market by Application
11.1.7.3 Mexico Solar Photovoltaic (PV) Market
11.1.7.3.1 Mexico Solar Photovoltaic (PV) Market by Technology
11.1.7.3.2 Mexico Solar Photovoltaic (PV) Market by Grid Type
11.1.7.3.3 Mexico Solar Photovoltaic (PV) Market by Installation
11.1.7.3.4 Mexico Solar Photovoltaic (PV) Market by Application
11.2. EUROPE
11.2.1 Europe Solar Photovoltaic (PV) Market Overview
11.2.2 Europe Solar Photovoltaic (PV) Market Forecasts and Analysis
11.2.3 Europe Solar Photovoltaic (PV) Market Forecasts and Analysis - By Technology
11.2.4 Europe Solar Photovoltaic (PV) Market Forecasts and Analysis - By Grid Type
11.2.5 Europe Solar Photovoltaic (PV) Market Forecasts and Analysis - By Installation
11.2.6 Europe Solar Photovoltaic (PV) Market Forecasts and Analysis - By Application
11.2.7 Europe Solar Photovoltaic (PV) Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Solar Photovoltaic (PV) Market
11.2.7.1.1 Germany Solar Photovoltaic (PV) Market by Technology
11.2.7.1.2 Germany Solar Photovoltaic (PV) Market by Grid Type
11.2.7.1.3 Germany Solar Photovoltaic (PV) Market by Installation
11.2.7.1.4 Germany Solar Photovoltaic (PV) Market by Application
11.2.7.2 France Solar Photovoltaic (PV) Market
11.2.7.2.1 France Solar Photovoltaic (PV) Market by Technology
11.2.7.2.2 France Solar Photovoltaic (PV) Market by Grid Type
11.2.7.2.3 France Solar Photovoltaic (PV) Market by Installation
11.2.7.2.4 France Solar Photovoltaic (PV) Market by Application
11.2.7.3 Italy Solar Photovoltaic (PV) Market
11.2.7.3.1 Italy Solar Photovoltaic (PV) Market by Technology
11.2.7.3.2 Italy Solar Photovoltaic (PV) Market by Grid Type
11.2.7.3.3 Italy Solar Photovoltaic (PV) Market by Installation
11.2.7.3.4 Italy Solar Photovoltaic (PV) Market by Application
11.2.7.4 United Kingdom Solar Photovoltaic (PV) Market
11.2.7.4.1 United Kingdom Solar Photovoltaic (PV) Market by Technology
11.2.7.4.2 United Kingdom Solar Photovoltaic (PV) Market by Grid Type
11.2.7.4.3 United Kingdom Solar Photovoltaic (PV) Market by Installation
11.2.7.4.4 United Kingdom Solar Photovoltaic (PV) Market by Application
11.2.7.5 Russia Solar Photovoltaic (PV) Market
11.2.7.5.1 Russia Solar Photovoltaic (PV) Market by Technology
11.2.7.5.2 Russia Solar Photovoltaic (PV) Market by Grid Type
11.2.7.5.3 Russia Solar Photovoltaic (PV) Market by Installation
11.2.7.5.4 Russia Solar Photovoltaic (PV) Market by Application
11.2.7.6 Rest of Europe Solar Photovoltaic (PV) Market
11.2.7.6.1 Rest of Europe Solar Photovoltaic (PV) Market by Technology
11.2.7.6.2 Rest of Europe Solar Photovoltaic (PV) Market by Grid Type
11.2.7.6.3 Rest of Europe Solar Photovoltaic (PV) Market by Installation
11.2.7.6.4 Rest of Europe Solar Photovoltaic (PV) Market by Application
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Solar Photovoltaic (PV) Market Overview
11.3.2 Asia-Pacific Solar Photovoltaic (PV) Market Forecasts and Analysis
11.3.3 Asia-Pacific Solar Photovoltaic (PV) Market Forecasts and Analysis - By Technology
11.3.4 Asia-Pacific Solar Photovoltaic (PV) Market Forecasts and Analysis - By Grid Type
11.3.5 Asia-Pacific Solar Photovoltaic (PV) Market Forecasts and Analysis - By Installation
11.3.6 Asia-Pacific Solar Photovoltaic (PV) Market Forecasts and Analysis - By Application
11.3.7 Asia-Pacific Solar Photovoltaic (PV) Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Solar Photovoltaic (PV) Market
11.3.7.1.1 Australia Solar Photovoltaic (PV) Market by Technology
11.3.7.1.2 Australia Solar Photovoltaic (PV) Market by Grid Type
11.3.7.1.3 Australia Solar Photovoltaic (PV) Market by Installation
11.3.7.1.4 Australia Solar Photovoltaic (PV) Market by Application
11.3.7.2 China Solar Photovoltaic (PV) Market
11.3.7.2.1 China Solar Photovoltaic (PV) Market by Technology
11.3.7.2.2 China Solar Photovoltaic (PV) Market by Grid Type
11.3.7.2.3 China Solar Photovoltaic (PV) Market by Installation
11.3.7.2.4 China Solar Photovoltaic (PV) Market by Application
11.3.7.3 India Solar Photovoltaic (PV) Market
11.3.7.3.1 India Solar Photovoltaic (PV) Market by Technology
11.3.7.3.2 India Solar Photovoltaic (PV) Market by Grid Type
11.3.7.3.3 India Solar Photovoltaic (PV) Market by Installation
11.3.7.3.4 India Solar Photovoltaic (PV) Market by Application
11.3.7.4 Japan Solar Photovoltaic (PV) Market
11.3.7.4.1 Japan Solar Photovoltaic (PV) Market by Technology
11.3.7.4.2 Japan Solar Photovoltaic (PV) Market by Grid Type
11.3.7.4.3 Japan Solar Photovoltaic (PV) Market by Installation
11.3.7.4.4 Japan Solar Photovoltaic (PV) Market by Application
11.3.7.5 South Korea Solar Photovoltaic (PV) Market
11.3.7.5.1 South Korea Solar Photovoltaic (PV) Market by Technology
11.3.7.5.2 South Korea Solar Photovoltaic (PV) Market by Grid Type
11.3.7.5.3 South Korea Solar Photovoltaic (PV) Market by Installation
11.3.7.5.4 South Korea Solar Photovoltaic (PV) Market by Application
11.3.7.6 Rest of Asia-Pacific Solar Photovoltaic (PV) Market
11.3.7.6.1 Rest of Asia-Pacific Solar Photovoltaic (PV) Market by Technology
11.3.7.6.2 Rest of Asia-Pacific Solar Photovoltaic (PV) Market by Grid Type
11.3.7.6.3 Rest of Asia-Pacific Solar Photovoltaic (PV) Market by Installation
11.3.7.6.4 Rest of Asia-Pacific Solar Photovoltaic (PV) Market by Application
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Solar Photovoltaic (PV) Market Overview
11.4.2 Middle East and Africa Solar Photovoltaic (PV) Market Forecasts and Analysis
11.4.3 Middle East and Africa Solar Photovoltaic (PV) Market Forecasts and Analysis - By Technology
11.4.4 Middle East and Africa Solar Photovoltaic (PV) Market Forecasts and Analysis - By Grid Type
11.4.5 Middle East and Africa Solar Photovoltaic (PV) Market Forecasts and Analysis - By Installation
11.4.6 Middle East and Africa Solar Photovoltaic (PV) Market Forecasts and Analysis - By Application
11.4.7 Middle East and Africa Solar Photovoltaic (PV) Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Solar Photovoltaic (PV) Market
11.4.7.1.1 South Africa Solar Photovoltaic (PV) Market by Technology
11.4.7.1.2 South Africa Solar Photovoltaic (PV) Market by Grid Type
11.4.7.1.3 South Africa Solar Photovoltaic (PV) Market by Installation
11.4.7.1.4 South Africa Solar Photovoltaic (PV) Market by Application
11.4.7.2 Saudi Arabia Solar Photovoltaic (PV) Market
11.4.7.2.1 Saudi Arabia Solar Photovoltaic (PV) Market by Technology
11.4.7.2.2 Saudi Arabia Solar Photovoltaic (PV) Market by Grid Type
11.4.7.2.3 Saudi Arabia Solar Photovoltaic (PV) Market by Installation
11.4.7.2.4 Saudi Arabia Solar Photovoltaic (PV) Market by Application
11.4.7.3 U.A.E Solar Photovoltaic (PV) Market
11.4.7.3.1 U.A.E Solar Photovoltaic (PV) Market by Technology
11.4.7.3.2 U.A.E Solar Photovoltaic (PV) Market by Grid Type
11.4.7.3.3 U.A.E Solar Photovoltaic (PV) Market by Installation
11.4.7.3.4 U.A.E Solar Photovoltaic (PV) Market by Application
11.4.7.4 Rest of Middle East and Africa Solar Photovoltaic (PV) Market
11.4.7.4.1 Rest of Middle East and Africa Solar Photovoltaic (PV) Market by Technology
11.4.7.4.2 Rest of Middle East and Africa Solar Photovoltaic (PV) Market by Grid Type
11.4.7.4.3 Rest of Middle East and Africa Solar Photovoltaic (PV) Market by Installation
11.4.7.4.4 Rest of Middle East and Africa Solar Photovoltaic (PV) Market by Application
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Solar Photovoltaic (PV) Market Overview
11.5.2 South and Central America Solar Photovoltaic (PV) Market Forecasts and Analysis
11.5.3 South and Central America Solar Photovoltaic (PV) Market Forecasts and Analysis - By Technology
11.5.4 South and Central America Solar Photovoltaic (PV) Market Forecasts and Analysis - By Grid Type
11.5.5 South and Central America Solar Photovoltaic (PV) Market Forecasts and Analysis - By Installation
11.5.6 South and Central America Solar Photovoltaic (PV) Market Forecasts and Analysis - By Application
11.5.7 South and Central America Solar Photovoltaic (PV) Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Solar Photovoltaic (PV) Market
11.5.7.1.1 Brazil Solar Photovoltaic (PV) Market by Technology
11.5.7.1.2 Brazil Solar Photovoltaic (PV) Market by Grid Type
11.5.7.1.3 Brazil Solar Photovoltaic (PV) Market by Installation
11.5.7.1.4 Brazil Solar Photovoltaic (PV) Market by Application
11.5.7.2 Argentina Solar Photovoltaic (PV) Market
11.5.7.2.1 Argentina Solar Photovoltaic (PV) Market by Technology
11.5.7.2.2 Argentina Solar Photovoltaic (PV) Market by Grid Type
11.5.7.2.3 Argentina Solar Photovoltaic (PV) Market by Installation
11.5.7.2.4 Argentina Solar Photovoltaic (PV) Market by Application
11.5.7.3 Rest of South and Central America Solar Photovoltaic (PV) Market
11.5.7.3.1 Rest of South and Central America Solar Photovoltaic (PV) Market by Technology
11.5.7.3.2 Rest of South and Central America Solar Photovoltaic (PV) Market by Grid Type
11.5.7.3.3 Rest of South and Central America Solar Photovoltaic (PV) Market by Installation
11.5.7.3.4 Rest of South and Central America Solar Photovoltaic (PV) Market by Application
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. SOLAR PHOTOVOLTAIC (PV) MARKET, KEY COMPANY PROFILES
13.1. FIRST SOLAR INC.
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. SHARP 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. SUNTECH POWER HOLDING CO. LTD
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. JINKOSOLAR HOLDING CO. 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. JA SOLAR HOLDINGS CO. LTD
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. TRINA SOLAR LTD
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. HANWHA Q CELLS CO. LTD
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. ACCIONA SA
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. CANADIAN SOLAR INC.
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. SUNPOWER CORPORATION
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
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1.First Solar Inc.
2.Sharp Corporation
3.Suntech Power Holding Co. Ltd
4.JinkoSolar Holding Co. Ltd
5.JA Solar Holdings Co. Ltd
6.Trina Solar Ltd
7.Hanwha Q Cells Co. Ltd
8.Acciona SA
9.Canadian Solar Inc.
10.SunPower Corporation
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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