Solar PV Module Market Key Players Analysis 2031
A solar PV module is a stacked semiconductor module made of silicon that can generate electricity from sunshine. The movement of electrons inside the module produces this photovoltaic effect, which may be amplified by increasing the number of hours exposed to sunlight. Due to solar power's potential to achieve grid parity with conventional energy resources and technological improvement, solar PV modules have dominated the renewable energy market in recent years. Photovoltaic cells utilize sunlight as a source of energy to generate direct current electricity.
MARKET DYNAMICS
The major determining factor for market growth patterns is the continuous progress toward a decarbonized economy, which is bolstered by legislative energy regulations and incentives. Government incentives and other favorable policies have been implemented to encourage the use of various renewable technologies, including solar PV. For example, the United States government proposed a solar tax credit in 2021 with the goal of lowering the cost of installing a solar energy system by 30%. Furthermore, falling prices, improved conversion efficiency, and increased attempts to optimize LCOE will boost the market demand.
MARKET SCOPE
The "Global Solar PV Module Market Analysis To 2031" is a specialized and in-depth study of the technology, media, and telecommunications industry with a special focus on global market trend analysis. The solar PV module market report aims to provide an overview of the solar PV module market with detailed market segmentation by technology, product, connectivity, mounting, application, and geography. The global solar PV module market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading solar PV module market player and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global solar PV module market is segmented based on fuel by technology, product, connectivity, mounting, application. Based on technology, the solar PV module market is segmented into thin film, crystalline silicon. Based on product, the solar PV module market is segmented into monocrystalline, polycrystalline, cadmium telluride, amorphous silicon, copper indium gallium diselenide. Based on connectivity, the solar PV module market is segmented into on-grid, off-grid. Based on mounting, the solar PV module market is segmented into ground mounted, roof-top. Based on application, the solar PV module market is segmented into residential, commercial, industrial.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global solar PV module 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), Middle East and Africa (MEA) and South & Central America. The solar PV module market by each region is later sub-segmented by respective countries and segments. The solar PV module market 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 solar PV module market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the solar PV module market in these regions.
IMPACT OF COVID-19 ON SOLAR PV MODULE MARKET
The restrictions imposed by various government bodies owing to COVID-19 impacted the manufacturing and supply chain of PV modules across the globe. Additionally, the demand also reduced drastically from both commercial and industrial sectors owing to stringent restrictions. As a result, the market for solar PV modules was negatively impacted during the pandemic.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global solar PV module 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), Middle East and Africa (MEA) and South & Central America. The solar PV module market by each region is later sub-segmented by respective countries and segments. The solar PV module market 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 solar PV module market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the solar PV module market in these regions.
IMPACT OF COVID-19 ON SOLAR PV MODULE MARKET
The restrictions imposed by various government bodies owing to COVID-19 impacted the manufacturing and supply chain of PV modules across the globe. Additionally, the demand also reduced drastically from both commercial and industrial sectors owing to stringent restrictions. As a result, the market for solar PV modules was negatively impacted during the pandemic.
MARKET PLAYERS
The reports cover key developments in the solar PV module 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 the expansion of business and customer base of market players. The market players from solar PV module market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the solar PV module market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the solar PV module 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.
- Trina Solar
- Canadian Solar
- JA Solar
- Jinko Solar
- First Solar
- Rec Solar
- GCL System Integration Technology Co. Ltd.
- China Sunenergy Co., Ltd.
- Solaria Corporation
- Hanwha Q Cells
- 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 PV Module Market - By Technology
1.3.2 Solar PV Module Market - By Product
1.3.3 Solar PV Module Market - By Connectivity
1.3.4 Solar PV Module Market - By Mounting
1.3.5 Solar PV Module Market - By Application
1.3.6 Solar PV Module Market - By Region
1.3.6.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SOLAR PV MODULE 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. SOLAR PV MODULE 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 PV MODULE MARKET - GLOBAL MARKET ANALYSIS
6.1. SOLAR PV MODULE - GLOBAL MARKET OVERVIEW
6.2. SOLAR PV MODULE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SOLAR PV MODULE MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
7.1. OVERVIEW
7.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
7.3. THIN FILM
7.3.1. Overview
7.3.2. Thin Film Market Forecast and Analysis
7.4. CRYSTALLINE SILICON
7.4.1. Overview
7.4.2. Crystalline Silicon Market Forecast and Analysis
8. SOLAR PV MODULE MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
8.1. OVERVIEW
8.2. PRODUCT MARKET FORECASTS AND ANALYSIS
8.3. MONOCRYSTALLINE
8.3.1. Overview
8.3.2. Monocrystalline Market Forecast and Analysis
8.4. POLYCRYSTALLINE
8.4.1. Overview
8.4.2. Polycrystalline Market Forecast and Analysis
8.5. CADMIUM TELLURIDE
8.5.1. Overview
8.5.2. Cadmium Telluride Market Forecast and Analysis
8.6. AMORPHOUS SILICON
8.6.1. Overview
8.6.2. Amorphous Silicon Market Forecast and Analysis
8.7. COPPER INDIUM GALLIUM DISELENIDE
8.7.1. Overview
8.7.2. Copper Indium Gallium Diselenide Market Forecast and Analysis
9. SOLAR PV MODULE MARKET - REVENUE AND FORECASTS TO 2028 - CONNECTIVITY
9.1. OVERVIEW
9.2. CONNECTIVITY MARKET FORECASTS AND ANALYSIS
9.3. ON-GRID
9.3.1. Overview
9.3.2. On-Grid Market Forecast and Analysis
9.4. OFF-GRID
9.4.1. Overview
9.4.2. Off-Grid Market Forecast and Analysis
10. SOLAR PV MODULE MARKET - REVENUE AND FORECASTS TO 2028 - MOUNTING
10.1. OVERVIEW
10.2. MOUNTING MARKET FORECASTS AND ANALYSIS
10.3. GROUND MOUNTED
10.3.1. Overview
10.3.2. Ground Mounted Market Forecast and Analysis
10.4. ROOF TOP
10.4.1. Overview
10.4.2. Roof Top Market Forecast and Analysis
11. SOLAR PV MODULE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
11.1. OVERVIEW
11.2. APPLICATION MARKET FORECASTS AND ANALYSIS
11.3. RESIDENTIAL
11.3.1. Overview
11.3.2. Residential Market Forecast and Analysis
11.4. COMMERCIAL
11.4.1. Overview
11.4.2. Commercial Market Forecast and Analysis
11.5. INDUSTRIAL
11.5.1. Overview
11.5.2. Industrial Market Forecast and Analysis
12. SOLAR PV MODULE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
12.1. NORTH AMERICA
12.1.1 North America Solar PV Module Market Overview
12.1.2 North America Solar PV Module Market Forecasts and Analysis
12.1.3 North America Solar PV Module Market Forecasts and Analysis - By Technology
12.1.4 North America Solar PV Module Market Forecasts and Analysis - By Product
12.1.5 North America Solar PV Module Market Forecasts and Analysis - By Connectivity
12.1.6 North America Solar PV Module Market Forecasts and Analysis - By Mounting
12.1.7 North America Solar PV Module Market Forecasts and Analysis - By Application
12.1.8 North America Solar PV Module Market Forecasts and Analysis - By Countries
12.1.8.1 United States Solar PV Module Market
12.1.8.1.1 United States Solar PV Module Market by Technology
12.1.8.1.2 United States Solar PV Module Market by Product
12.1.8.1.3 United States Solar PV Module Market by Connectivity
12.1.8.1.4 United States Solar PV Module Market by Mounting
12.1.8.1.5 United States Solar PV Module Market by Application
12.1.8.2 Canada Solar PV Module Market
12.1.8.2.1 Canada Solar PV Module Market by Technology
12.1.8.2.2 Canada Solar PV Module Market by Product
12.1.8.2.3 Canada Solar PV Module Market by Connectivity
12.1.8.2.4 Canada Solar PV Module Market by Mounting
12.1.8.2.5 Canada Solar PV Module Market by Application
12.1.8.3 Mexico Solar PV Module Market
12.1.8.3.1 Mexico Solar PV Module Market by Technology
12.1.8.3.2 Mexico Solar PV Module Market by Product
12.1.8.3.3 Mexico Solar PV Module Market by Connectivity
12.1.8.3.4 Mexico Solar PV Module Market by Mounting
12.1.8.3.5 Mexico Solar PV Module Market by Application
12.2. EUROPE
12.2.1 Europe Solar PV Module Market Overview
12.2.2 Europe Solar PV Module Market Forecasts and Analysis
12.2.3 Europe Solar PV Module Market Forecasts and Analysis - By Technology
12.2.4 Europe Solar PV Module Market Forecasts and Analysis - By Product
12.2.5 Europe Solar PV Module Market Forecasts and Analysis - By Connectivity
12.2.6 Europe Solar PV Module Market Forecasts and Analysis - By Mounting
12.2.7 Europe Solar PV Module Market Forecasts and Analysis - By Application
12.2.8 Europe Solar PV Module Market Forecasts and Analysis - By Countries
12.2.8.1 Germany Solar PV Module Market
12.2.8.1.1 Germany Solar PV Module Market by Technology
12.2.8.1.2 Germany Solar PV Module Market by Product
12.2.8.1.3 Germany Solar PV Module Market by Connectivity
12.2.8.1.4 Germany Solar PV Module Market by Mounting
12.2.8.1.5 Germany Solar PV Module Market by Application
12.2.8.2 France Solar PV Module Market
12.2.8.2.1 France Solar PV Module Market by Technology
12.2.8.2.2 France Solar PV Module Market by Product
12.2.8.2.3 France Solar PV Module Market by Connectivity
12.2.8.2.4 France Solar PV Module Market by Mounting
12.2.8.2.5 France Solar PV Module Market by Application
12.2.8.3 Italy Solar PV Module Market
12.2.8.3.1 Italy Solar PV Module Market by Technology
12.2.8.3.2 Italy Solar PV Module Market by Product
12.2.8.3.3 Italy Solar PV Module Market by Connectivity
12.2.8.3.4 Italy Solar PV Module Market by Mounting
12.2.8.3.5 Italy Solar PV Module Market by Application
12.2.8.4 United Kingdom Solar PV Module Market
12.2.8.4.1 United Kingdom Solar PV Module Market by Technology
12.2.8.4.2 United Kingdom Solar PV Module Market by Product
12.2.8.4.3 United Kingdom Solar PV Module Market by Connectivity
12.2.8.4.4 United Kingdom Solar PV Module Market by Mounting
12.2.8.4.5 United Kingdom Solar PV Module Market by Application
12.2.8.5 Russia Solar PV Module Market
12.2.8.5.1 Russia Solar PV Module Market by Technology
12.2.8.5.2 Russia Solar PV Module Market by Product
12.2.8.5.3 Russia Solar PV Module Market by Connectivity
12.2.8.5.4 Russia Solar PV Module Market by Mounting
12.2.8.5.5 Russia Solar PV Module Market by Application
12.2.8.6 Rest of Europe Solar PV Module Market
12.2.8.6.1 Rest of Europe Solar PV Module Market by Technology
12.2.8.6.2 Rest of Europe Solar PV Module Market by Product
12.2.8.6.3 Rest of Europe Solar PV Module Market by Connectivity
12.2.8.6.4 Rest of Europe Solar PV Module Market by Mounting
12.2.8.6.5 Rest of Europe Solar PV Module Market by Application
12.3. ASIA-PACIFIC
12.3.1 Asia-Pacific Solar PV Module Market Overview
12.3.2 Asia-Pacific Solar PV Module Market Forecasts and Analysis
12.3.3 Asia-Pacific Solar PV Module Market Forecasts and Analysis - By Technology
12.3.4 Asia-Pacific Solar PV Module Market Forecasts and Analysis - By Product
12.3.5 Asia-Pacific Solar PV Module Market Forecasts and Analysis - By Connectivity
12.3.6 Asia-Pacific Solar PV Module Market Forecasts and Analysis - By Mounting
12.3.7 Asia-Pacific Solar PV Module Market Forecasts and Analysis - By Application
12.3.8 Asia-Pacific Solar PV Module Market Forecasts and Analysis - By Countries
12.3.8.1 Australia Solar PV Module Market
12.3.8.1.1 Australia Solar PV Module Market by Technology
12.3.8.1.2 Australia Solar PV Module Market by Product
12.3.8.1.3 Australia Solar PV Module Market by Connectivity
12.3.8.1.4 Australia Solar PV Module Market by Mounting
12.3.8.1.5 Australia Solar PV Module Market by Application
12.3.8.2 China Solar PV Module Market
12.3.8.2.1 China Solar PV Module Market by Technology
12.3.8.2.2 China Solar PV Module Market by Product
12.3.8.2.3 China Solar PV Module Market by Connectivity
12.3.8.2.4 China Solar PV Module Market by Mounting
12.3.8.2.5 China Solar PV Module Market by Application
12.3.8.3 India Solar PV Module Market
12.3.8.3.1 India Solar PV Module Market by Technology
12.3.8.3.2 India Solar PV Module Market by Product
12.3.8.3.3 India Solar PV Module Market by Connectivity
12.3.8.3.4 India Solar PV Module Market by Mounting
12.3.8.3.5 India Solar PV Module Market by Application
12.3.8.4 Japan Solar PV Module Market
12.3.8.4.1 Japan Solar PV Module Market by Technology
12.3.8.4.2 Japan Solar PV Module Market by Product
12.3.8.4.3 Japan Solar PV Module Market by Connectivity
12.3.8.4.4 Japan Solar PV Module Market by Mounting
12.3.8.4.5 Japan Solar PV Module Market by Application
12.3.8.5 South Korea Solar PV Module Market
12.3.8.5.1 South Korea Solar PV Module Market by Technology
12.3.8.5.2 South Korea Solar PV Module Market by Product
12.3.8.5.3 South Korea Solar PV Module Market by Connectivity
12.3.8.5.4 South Korea Solar PV Module Market by Mounting
12.3.8.5.5 South Korea Solar PV Module Market by Application
12.3.8.6 Rest of Asia-Pacific Solar PV Module Market
12.3.8.6.1 Rest of Asia-Pacific Solar PV Module Market by Technology
12.3.8.6.2 Rest of Asia-Pacific Solar PV Module Market by Product
12.3.8.6.3 Rest of Asia-Pacific Solar PV Module Market by Connectivity
12.3.8.6.4 Rest of Asia-Pacific Solar PV Module Market by Mounting
12.3.8.6.5 Rest of Asia-Pacific Solar PV Module Market by Application
12.4. MIDDLE EAST AND AFRICA
12.4.1 Middle East and Africa Solar PV Module Market Overview
12.4.2 Middle East and Africa Solar PV Module Market Forecasts and Analysis
12.4.3 Middle East and Africa Solar PV Module Market Forecasts and Analysis - By Technology
12.4.4 Middle East and Africa Solar PV Module Market Forecasts and Analysis - By Product
12.4.5 Middle East and Africa Solar PV Module Market Forecasts and Analysis - By Connectivity
12.4.6 Middle East and Africa Solar PV Module Market Forecasts and Analysis - By Mounting
12.4.7 Middle East and Africa Solar PV Module Market Forecasts and Analysis - By Application
12.4.8 Middle East and Africa Solar PV Module Market Forecasts and Analysis - By Countries
12.4.8.1 South Africa Solar PV Module Market
12.4.8.1.1 South Africa Solar PV Module Market by Technology
12.4.8.1.2 South Africa Solar PV Module Market by Product
12.4.8.1.3 South Africa Solar PV Module Market by Connectivity
12.4.8.1.4 South Africa Solar PV Module Market by Mounting
12.4.8.1.5 South Africa Solar PV Module Market by Application
12.4.8.2 Saudi Arabia Solar PV Module Market
12.4.8.2.1 Saudi Arabia Solar PV Module Market by Technology
12.4.8.2.2 Saudi Arabia Solar PV Module Market by Product
12.4.8.2.3 Saudi Arabia Solar PV Module Market by Connectivity
12.4.8.2.4 Saudi Arabia Solar PV Module Market by Mounting
12.4.8.2.5 Saudi Arabia Solar PV Module Market by Application
12.4.8.3 U.A.E Solar PV Module Market
12.4.8.3.1 U.A.E Solar PV Module Market by Technology
12.4.8.3.2 U.A.E Solar PV Module Market by Product
12.4.8.3.3 U.A.E Solar PV Module Market by Connectivity
12.4.8.3.4 U.A.E Solar PV Module Market by Mounting
12.4.8.3.5 U.A.E Solar PV Module Market by Application
12.4.8.4 Rest of Middle East and Africa Solar PV Module Market
12.4.8.4.1 Rest of Middle East and Africa Solar PV Module Market by Technology
12.4.8.4.2 Rest of Middle East and Africa Solar PV Module Market by Product
12.4.8.4.3 Rest of Middle East and Africa Solar PV Module Market by Connectivity
12.4.8.4.4 Rest of Middle East and Africa Solar PV Module Market by Mounting
12.4.8.4.5 Rest of Middle East and Africa Solar PV Module Market by Application
12.5. SOUTH AND CENTRAL AMERICA
12.5.1 South and Central America Solar PV Module Market Overview
12.5.2 South and Central America Solar PV Module Market Forecasts and Analysis
12.5.3 South and Central America Solar PV Module Market Forecasts and Analysis - By Technology
12.5.4 South and Central America Solar PV Module Market Forecasts and Analysis - By Product
12.5.5 South and Central America Solar PV Module Market Forecasts and Analysis - By Connectivity
12.5.6 South and Central America Solar PV Module Market Forecasts and Analysis - By Mounting
12.5.7 South and Central America Solar PV Module Market Forecasts and Analysis - By Application
12.5.8 South and Central America Solar PV Module Market Forecasts and Analysis - By Countries
12.5.8.1 Brazil Solar PV Module Market
12.5.8.1.1 Brazil Solar PV Module Market by Technology
12.5.8.1.2 Brazil Solar PV Module Market by Product
12.5.8.1.3 Brazil Solar PV Module Market by Connectivity
12.5.8.1.4 Brazil Solar PV Module Market by Mounting
12.5.8.1.5 Brazil Solar PV Module Market by Application
12.5.8.2 Argentina Solar PV Module Market
12.5.8.2.1 Argentina Solar PV Module Market by Technology
12.5.8.2.2 Argentina Solar PV Module Market by Product
12.5.8.2.3 Argentina Solar PV Module Market by Connectivity
12.5.8.2.4 Argentina Solar PV Module Market by Mounting
12.5.8.2.5 Argentina Solar PV Module Market by Application
12.5.8.3 Rest of South and Central America Solar PV Module Market
12.5.8.3.1 Rest of South and Central America Solar PV Module Market by Technology
12.5.8.3.2 Rest of South and Central America Solar PV Module Market by Product
12.5.8.3.3 Rest of South and Central America Solar PV Module Market by Connectivity
12.5.8.3.4 Rest of South and Central America Solar PV Module Market by Mounting
12.5.8.3.5 Rest of South and Central America Solar PV Module Market by Application
13. INDUSTRY LANDSCAPE
13.1. MERGERS AND ACQUISITIONS
13.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
13.3. NEW PRODUCT LAUNCHES
13.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
14. SOLAR PV MODULE MARKET, KEY COMPANY PROFILES
14.1. TRINA SOLAR
14.1.1. Key Facts
14.1.2. Business Description
14.1.3. Products and Services
14.1.4. Financial Overview
14.1.5. SWOT Analysis
14.1.6. Key Developments
14.2. CANADIAN SOLAR
14.2.1. Key Facts
14.2.2. Business Description
14.2.3. Products and Services
14.2.4. Financial Overview
14.2.5. SWOT Analysis
14.2.6. Key Developments
14.3. JA SOLAR
14.3.1. Key Facts
14.3.2. Business Description
14.3.3. Products and Services
14.3.4. Financial Overview
14.3.5. SWOT Analysis
14.3.6. Key Developments
14.4. JINKO SOLAR
14.4.1. Key Facts
14.4.2. Business Description
14.4.3. Products and Services
14.4.4. Financial Overview
14.4.5. SWOT Analysis
14.4.6. Key Developments
14.5. FIRST SOLAR
14.5.1. Key Facts
14.5.2. Business Description
14.5.3. Products and Services
14.5.4. Financial Overview
14.5.5. SWOT Analysis
14.5.6. Key Developments
14.6. REC SOLAR
14.6.1. Key Facts
14.6.2. Business Description
14.6.3. Products and Services
14.6.4. Financial Overview
14.6.5. SWOT Analysis
14.6.6. Key Developments
14.7. GCL SYSTEM INTEGRATION TECHNOLOGY CO. LTD.
14.7.1. Key Facts
14.7.2. Business Description
14.7.3. Products and Services
14.7.4. Financial Overview
14.7.5. SWOT Analysis
14.7.6. Key Developments
14.8. CHINA SUNENERGY CO., LTD.
14.8.1. Key Facts
14.8.2. Business Description
14.8.3. Products and Services
14.8.4. Financial Overview
14.8.5. SWOT Analysis
14.8.6. Key Developments
14.9. SOLARIA CORPORATION
14.9.1. Key Facts
14.9.2. Business Description
14.9.3. Products and Services
14.9.4. Financial Overview
14.9.5. SWOT Analysis
14.9.6. Key Developments
14.10. HANWHA Q CELLS
14.10.1. Key Facts
14.10.2. Business Description
14.10.3. Products and Services
14.10.4. Financial Overview
14.10.5. SWOT Analysis
14.10.6. Key Developments
15. APPENDIX
15.1. ABOUT THE INSIGHT PARTNERS
15.2. GLOSSARY OF TERMS
1.Trina Solar
2.Canadian Solar
3.JA Solar
4.Jinko Solar
5.First Solar
6.Rec Solar
7.GCL System Integration Technology Co. Ltd.
8.China Sunenergy Co., Ltd.
9.Solaria Corporation
10.Hanwha Q Cells
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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