What Is the Size of Europe Solar Photovoltaic Panel Industry?
Europe Solar Photovoltaic Panel Market is growing at a CAGR of ~% in 2017-2021 and is expected to reach ~USD Bn by 2027F. The growth of Solar Photovoltaic Panel market in Europe is driven owing to net metering system that uses a discount mechanism to balance annual energy that is delivered and purchased.
Furthermore, the rising prevalence of rooftop solar over next few years is expected to propel the growth of market due to the government policies and initiatives mandating solar panels on the rooftops of all commercial and new buildings.
Europe Solar Photovoltaic Panel Market
Land accessibility for new utility scale projects is one the major challenge in the Europe solar photovoltaic panel market. The difficulties are faced in accessing land for ground-mounted PV projects specifically in agricultural land due to social acceptance. Hence, there needs to be plans in regards to the impact on soils and biodiversity. Utility segment is the largest End User segment in the Europe Solar Photovoltaic Panel market. The large market share is attributed to a huge number of projects under construction and in pipelines. It is further aided by the growing demand for clean electricity.
Europe Solar Photovoltaic Panel Market by Technology
The Monocrystalline Silicon segment in Europe Solar Photovoltaic Panel Market is growing at a CAGR of ~% in 2017-2021 and is expected to reach ~USD Bn by 2027F. Monocrystalline solar panels have solar cells made from a single crystal of silicon and have efficiency rate of 17% to 22%.
Following the Monocrystalline Silicon segment, the thin-film will experience the fastest growth during the forecasted period. The thin-film modules require less semiconductor material in the manufacturing process, because of which they are lightweight and highly resistant to degradation.
Europe Solar Photovoltaic Panel Market by Connectivity
The Europe off-grid segment market is growing at a fastest CAGR of ~% in 2017-2021 and is expected to reach ~USD Bn by 2027F. This is mainly due to of various regulatory policies for decentralizing the power generation sector.
On-grid solar panel has low operating and maintenance cost. The cost of on-grid solar is low as the excess electricity generated is transmitted to the grid eliminating the requirement of installing a battery system. On-grid solar panels are the panels that are connected to the local utility’s grid.
Europe Solar Photovoltaic Panel Market by Deployment
The rooftop solar segment in the Europe Solar Photovoltaic Panel Market is growing at the highest CAGR of ~% in 2017-2021 and is expected to reach ~USD Bn by 2027F. This growth is due to government policies and initiatives mandating solar panels on the rooftops of all commercial and new buildings. Berlin’s “SolarCity Master Plan” to expand the deployment of rooftop solar panels across the city to cater to around 25% of the electricity needed by 2050 is likely to be an expansion factor for rooftop solar panels in Germany.
Ground-mounted solar panel is a free-standing solar array mounted on the ground with the help of steel beams or metal posts. These are installed in open areas or carports over a parking lot. Solar panels installed in the carport provides shading, lighting, and protection to parked cars. Ground-mounted solar panels generate higher energy due to its increased efficiency which is likely to propel the demand.
Key Segments Covered in Europe Solar Photovoltaic Panel Market: –
Europe Solar Photovoltaic Panel Market by Technology
Monocrystalline Silicon
Thin-Film
Polycrystalline Silicon
Others
Europe Solar Photovoltaic Panel Market by Connectivity
On-Grid
Off-Grid
Europe Solar Photovoltaic Panel Market by Deployment
Ground-Mounted
Rooftop Solar
Europe Solar Photovoltaic Panel Market by End User Segment
Residential
Commercial
Industrial
Utility
Europe Solar Photovoltaic Panel Market by Geography and Major Countries
Germany
Spain
The Netherlands
France
Poland
Key Target Audience: –
Solar Cells Manufacturers
Solar Panel Manufacturers
Solar Panel Raw Material Suppliers
Solar Panel Assemblers
Solar Panel Distributors
Solar Energy Equipment Assemblers
Solar Power Generation Equipment Manufacturers
Utilities Departments
Solar Energy Research Organizations
Renewable Energy Research Organizations
Investment Funds
Independent Power Producers (IPP)
Allied/Auxiliary industries for Solar Panels
Potential Investors in Solar Panel Companies
Renewable Energy Providers
Ministries of Energy and Power Generation
Ministries of Energy and Power Distribution
Environment Control and Emission Regulatory Organizations
Time Period Captured in the Report: –
Historical Period: 2017-2021
Forecast Period: 2022-2027F
Major Solar Photovoltaic Panel Companies in Europe Mentioned in the Report: –
Jinko Solar
Canadian Solar
First Solar
Hanwha Corporation
SHARP Corporation
Trina Solar
JA Solar Technology Co., Ltd
Photowatt
Solarwatt
Luxor Solar
Megasol Energy Ltd.
SoliTek
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Notable Emerging Solar Photovoltaic Panel Companies in Europe Mentioned in the Report: –
Soluxtec GmbH
AxSun Solar GmbH & Co. KG
aleo solar
Calyxo TS Solar GmbH
Onyx Solar Group LLC
SolarMente
Zytech Solar
4solar
ARIENS SOLAR
Corab
Eolus
SOLEMS S.A.
beem-energy
Sillia Energia
VOLTEC solar
Key Topics Covered in the Report: –
Snapshot of Europe Solar Photovoltaic Panel Market
Industry Value Chain and Ecosystem Analysis
Market size and Segmentation of Europe Solar Photovoltaic Panel Market
Historic Growth of Overall Europe Solar Photovoltaic Panel Market and Segments
Competition Scenario of the Market and Key Developments of Competitors
Porter’s 5 Forces Analysis of Europe Solar Photovoltaic Panel Industry
Overview, Product Offerings, and SWOT Analysis of All the Key Competitors
Covid 19 Impact on the Overall Europe Solar Photovoltaic Panel Market
Future Market Forecast and Growth Rates of the Total Europe Solar Photovoltaic Panel Market and by Segments
Market Size of End User Industries with Historical CAGR and Future Forecasts
Analysis of Europe Solar Photovoltaic Panel Market in Major European Countries
Major Production / Consumption Hubs in the Major Countries
Major Production/Supply and Consumption/Demand Hubs in Each Major Country
Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
Overview of Notable Emerging Europe Solar Photovoltaic Panel Companies within Each Major Country
Ground-mounted Solar Photovoltaic Panel Market
Solar Photovoltaic Panel Ground-Mounted Market
Ground-mounted Solar PV Panel Market
Solar PV Panel Ground-Mounted Market
Rooftop Solar Photovoltaic Panel Market
Solar Photovoltaic Panel Rooftop Market
Covid-19 Impact on Solar Photovoltaic Panel Market
Covid-19 Impact on Solar PV Panel Market
Covid-19 Impact on Photovoltaic Panel Market
Commercial Photovoltaic Panel Market
Hanwha Corporation Solar Photovoltaic Panel Market
Canadian Solar Inc. Solar Photovoltaic Panel Market
Trina Solar Photovoltaic Panel Market
First Solar Photovoltaic Panel Market
JA Solar Photovoltaic Panel Market
For More Information on the research report, refer to below link: –
Europe Solar Photovoltaic Panel Market
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Ken Research
Ankur Gupta, Head Marketing & Communications
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