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Solar Power Equipment Market by Equipment and Application: Global Opportunity Analysis and Industry Forecast, 2021-2030

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    Report

  • 235 Pages
  • February 2022
  • Region: Global
  • Allied Market Research
  • ID: 5578276
Description Jump to:
The global solar power equipment market size was valued at $101.9 billion in 2020, and is projected to reach $310.4 million by 2030, registering a CAGR of 11.3% from 2021 to 2030. Solar power equipment primarily converts renewable energy received from sunlight into electricity by typically using photovoltaic technology. Solar power equipment also consists of storage systems, mounting systems solar trackers, solar inverters, and other accessories.



Solar power equipment enables easy harnessing of solar energy, thereby providing a source of clean energy. Solar power equipment enables efficient harnessing of solar energy for residential users, commercial users, as well as utility providers.

Increase in carbon emissions and its visible negative impact on the environment has highlighted the importance of using renewable sources of energy, thereby boosting the solar energy industry and driving the growth of the market. In addition, favorable government policies have attracted private investments in the sector. However, factors such as high dependency on sun radiation and high initial cost can constraint the growth of the market. Furthermore, global cooperation and net zero goals set by many major countries are anticipated to boost the market in the coming years.

The solar power equipment market is segmented on the basis of type, application and region. By Type, the market is classified into solar panels, mounting, racking & tracking system, storage system, and others. On the basis of application, it is segmented into residential, nonresidential, and utility. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The major players operating in the global market have adopted key strategies such as product launch to strengthen their market outreach and sustain the stiff competition in the market

COMPETITION ANALYSIS

The major market participants profiled in this report include ABB Group, Canadian Solar, First Solar Inc., Hanwha Q CELLS, JA Solar, JinkoSolar, LONGi Solar, Shunfeng International, SunPower Corporation, and Trina Solar.

KEY BENEFITS FOR STAKEHOLDERS

  • The report provides an extensive analysis of the current and emerging solar power equipment market trends and dynamics
  • In-depth market analysis is conducted by constructing market estimations for the key market segments between 2021 and 2030
  • Extensive analysis of the solar power equipment market is conducted by following key product positioning and monitoring of the top competitors within the market framework
  • A comprehensive analysis of all regions is provided to determine the prevailing opportunities
  • The global solar power equipment market forecast analysis from 2021 to 2030 is included in the report
  • The key market players within solar power equipment market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the solar power equipment industry

KEY SEGMENTS


By EQUIPMENT

  • Solar Panels
  • Mounting, Racking, & Tracking System
  • Storage System
  • Others

By Application

  • Residential
  • Nonresidential
  • Utility

By Region


By Region

  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • UK
  • Germany
  • France
  • Spain
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

KEY PLAYERS

  • ABB Group
  • Canadian Solar
  • First Solar Inc
  • Hanwha Q CELLS
  • JA Solar
  • JinkoSolar
  • LONGi Solar
  • Shunfeng International
  • SunPower Corporation
  • Trina Solar

 

Please note:

  • Online Access price format is valid for 60 days access. Printing is not enabled.
  • PDF Single and Enterprise price formats enable printing.

 

Table of Contents

Chapter 1: Introduction
1.1. Report Description
1.2. Key Benefits for Stakeholders
1.3. Key Market Segments
1.4. Key Market Players
1.5. Research Methodology
1.5.1. Secondary Research
1.5.2. Primary Research
1.5.3. Analyst Tools & Models
Chapter 2: Executive Summary
2.1. Key Findings:
2.2. Cxo Perspective
Chapter 3: Market Overview
3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top Investment Pockets
3.2.2. Top Winning Strategies
3.3. Porter's Five Forces Analysis
3.4. Market Share Analysis, 2017
3.5. Market Dynamics
3.5.1. Drivers
3.5.1.1. Rise in Demand for Clean Energy
3.5.1.2. Favorable Government Policies and Incentives
3.5.1.3. Lowering Prices of Solar Power Equipment
3.5.2. Restraints
3.5.2.1. Increased Dependency on Sun Radiation
3.5.2.2. High Initial Cost and Installation Cost of Equipment
3.5.3. Opportunity
3.5.3.1. Innovative Technological Advancements
Chapter 4: Solar Power Equipmentmarket, by Equipment
4.1. Market Overview
4.1.1. Market Size and Forecast, by Equipment
4.2. Solar Panels
4.2.1. Key Market Trends, Growth Factors and Opportunities
4.2.2. Market Size and Forecast, by Region
4.2.3. Market Size and Forecast, by Country
4.3. Mounting, Racking, & Tracking System
4.3.1. Key Market Trends, Growth Factors and Opportunities
4.3.2. Market Size and Forecast, by Region
4.3.3. Market Size and Forecast, by Country
4.4. Storage System
4.4.1. Key Market Trends, Growth Factors and Opportunities
4.4.2. Market Size and Forecast, by Region
4.4.3. Market Size and Forecast, by Country
4.5. Others
4.5.1. Key Market Trends, Growth Factors and Opportunities
4.5.2. Market Size and Forecast, by Region
4.5.3. Market Size and Forecast, by Country
Chapter 5: Solar Power Equipment Market, by Application
5.1. Market Overview
5.1.1. Market Size and Forecast, by Application
5.2. Residential
5.2.1. Key Market Trends, Growth, and Opportunities
5.2.2. Market Size and Forecast, by Region
5.2.3. Market Size and Forecast, by Country
5.3. Non-Residential
5.3.1. Key Market Trends, Growth, and Opportunities
5.3.2. Market Size and Forecast, by Region
5.3.3. Market Size and Forecast, by Country
5.4. Utility
5.4.1. Key Market Trends, Growth, and Opportunities
5.4.2. Market Size and Forecast, by Region
5.4.3. Market Size and Forecast, by Country
Chapter 6: Solar Power Equipment Market, by Region
6.1. Market Overview
6.1.1. Market Size and Forecast by Region
6.2. North America
6.2.1. Key Market Trends, Growth Factors and Opportunities
6.2.2. Market Size and Forecast, by Equipment
6.2.3. Market Size and Forecast, by Application
6.2.4. Market Size and Forecast, by Country
6.2.4.1. U. S.
6.2.4.1.1. U. S. Market Size and Forecast by Equipment
6.2.4.1.2. U. S. Market Size and Forecast, by Application
6.2.4.2. Canada
6.2.4.2.1. Canada Market Size and Forecast, by Equipment
6.2.4.2.2. Canada Market Size and Forecast, by Application
6.2.4.3. Mexico
6.2.4.3.1. Mexico Market Size and Forecast, by Equipment
6.2.4.3.2. Mexico Market Size and Forecast, by Application
6.3. Europe
6.3.1. Key Market Trends, Growth Factors and Opportunities
6.3.2. Europe Market Size and Forecast, by Equipment
6.3.3. Europe Market Size and Forecast, by Application
6.3.4. Europe Market Size and Forecast, by Country
6.3.4.1. Germany
6.3.4.1.1. Germany Market Size and Forecast, by Equipment
6.3.4.1.2. Germany Market Size and Forecast, by Application
6.3.4.2. France
6.3.4.2.1. France Market Size and Forecast, by Equipment
6.3.4.2.2. France Market Size and Forecast, by Application
6.3.4.3. Uk
6.3.4.3.1. Uk Market Size and Forecast, by Equipment
6.3.4.3.2. Uk Market Size and Forecast, by Application
6.3.4.4. Italy
6.3.4.4.1. Italy Market Size and Forecast, by Equipment
6.3.4.4.2. Italy Market Size and Forecast, by Application
6.3.4.5. Rest of Europe
6.3.4.5.1. Rest of Europe Market Size and Forecast, by Equipment
6.3.4.5.2. Rest of Europe Market Size and Forecast, by Application
6.4. Asia-Pacific
6.4.1. Key Market Trends, Growth Factors and Opportunities
6.4.2. Asia-Pacific Market Size and Forecast, by Equipment
6.4.3. Asia-Pacific Market Size and Forecast, by Application
6.4.4. Asia-Pacific Market Size and Forecast, by Country
6.4.4.1. China
6.4.4.1.1. China Market Size and Forecast, by Equipment
6.4.4.1.2. China Market Size and Forecast, by Application
6.4.4.2. Japan
6.4.4.2.1. Japan Market Size and Forecast, by Equipment
6.4.4.2.2. Japan Market Size and Forecast, by Application
6.4.4.3. South Korea
6.4.4.3.1. South Korea Market Size and Forecast, by Equipment
6.4.4.3.2. South Korea Market Size and Forecast, by Application
6.4.4.4. India
6.4.4.4.1. India Market Size and Forecast, by Equipment
6.4.4.4.2. India Market Size and Forecast, by Application
6.4.4.5. Rest of Asia-Pacific
6.4.4.5.1. Rest of Asia-Pacific Market Size and Forecast, by Equipment
6.4.4.5.2. Rest of Asia-Pacific Market Size and Forecast, by Application
6.5. Lamea
6.5.1. Key Market Trends, Growth Factors and Opportunities
6.5.2. Lamea Market Size and Forecast, by Equipment
6.5.3. Lamea Market Size and Forecast, by Application
6.5.4. Lamea Market Size and Forecast, by Country
6.5.4.1. Latin America
6.5.4.1.1. Latin America Market Size and Forecast, by Equipment
6.5.4.1.2. Latin America Market Size and Forecast, by Application
6.5.4.2. Middle East
6.5.4.2.1. Middle East Market Size and Forecast, by Equipment
6.5.4.2.2. Middle East Market Size and Forecast, by Application
6.5.4.3. Africa
6.5.4.3.1. Africa Market Size and Forecast, by Equipment
6.5.4.3.2. Africa Market Size and Forecast, by Application
Chapter 7: Company Profile
7.1. Abb Ltd
7.1.1. Company Overview
7.1.2. Company Snapshot
7.1.3. Operating Business Segments
7.1.4. Product Portfolio
7.1.5. Business Performance
7.1.6. Key Strategic Moves and Developments
7.2. Canadian Solar Inc.
7.2.1. Company Overview
7.2.2. Company Snapshot
7.2.3. Operating Business Segments
7.2.4. Product Portfolio
7.2.5. Business Performance
7.2.6. Key Strategic Moves and Developments
7.3. First Solar, Inc.
7.3.1. Company Overview
7.3.2. Company Snapshot
7.3.3. Operating Business Segments
7.3.4. Product Portfolio
7.3.5. Business Performance
7.3.6. Key Strategic Moves and Developments
7.4. Trina Solar
7.4.1. Company Overview
7.4.2. Company Snapshot
7.4.3. Product Portfolio
7.4.4. Key Strategic Moves and Developments
7.5. Hanwha Q Cells Co. Ltd.
7.5.1. Company Overview
7.5.2. Company Snapshot
7.5.3. Product Portfolio
7.5.4. Business Performance
7.5.5. Key Strategic Moves and Developments
7.6. Ja Solar Co. Ltd.
7.6.1. Company Overview
7.6.2. Company Snapshot
7.6.3. Product Portfolio
7.6.4. Key Strategic Moves and Developments
7.7. Longi Green Energy Technology Co. Ltd.
7.7.1. Company Overview
7.7.2. Company Snapshot
7.7.3. Product Portfolio
7.7.4. Business Performance
7.7.5. Key Strategic Moves and Developments
7.8. Sunpower Corporation
7.8.1. Company Overview
7.8.2. Company Snapshot
7.8.3. Operating Business Segments
7.8.4. Business Performance
7.8.5. Key Strategic Moves and Developments
7.9. Shunfeng International
7.9.1. Company Overview
7.9.2. Company Snapshot
7.9.3. Operating Business Segments
7.9.4. Product Portfolio
7.9.5. Business Performance
7.10. Jinkosolar Holding Co. Ltd.
7.10.1. Company Overview
7.10.2. Company Snapshot
7.10.3. Product Portfolio
7.10.4. Business Performance
7.10.5. Key Strategic Moves and Developments
List of Tables
Table 01. Global Solar Power Equipment Market Revenue, by Equipment, 2020-2030 ($Million)
Table 02. Solar Power Equipment Market, for Solar Panels, by Region, 2020-2030 ($Million)
Table 03. Solar Power Equipment Market Revenue, for Mounting, Racking, & Tracking System, by Region, 2020-2030 ($Million)
Table 04. Solar Power Equipment Market, for Storage System, by Region, 2020-2030 ($Million)
Table 05. Solar Power Equipment Market, for Others, by Region, 2020-2030 ($Million)
Table 06. Global Solar Power Equipment Market Revenue, by Application, 2020-2030 ($Million)
Table 07. Solar Power Equipment Market Revenue, for Residential, by Region, 2020-2030 ($Million)
Table 08. Solar Power Equipment Market Revenue, for Non-Residential, by Region, 2020-2030 ($Million)
Table 09. Solar Power Equipment Market Revenue, for Utility, by Region, 2020-2030 ($Million)
Table 10. Global Solar Power Equipment Market, by Region, 2020–2030 ($Million)
Table 11. North America Solar Power Equipment Market, by Equipment, 2020–2030 ($Million)
Table 12. North America Solar Power Equipment Market Revenue, by Application, 2020–2030 ($Million)
Table 13. North America Solar Power Equipment Market, by Country, 2020–2030 ($Million)
Table 14. U.S Solar Power Equipment Market, by Equipment, 2020–2030 ($Million)
Table 15. U.S Solar Power Equipment Market, by Application, 2020–2030 ($Million)
Table 16. Canada Solar Power Equipment Market, by Equipment, 2020–2030 ($Million)
Table 17. Canada Solar Power Equipment Market, by Application, 2020–2030 ($Million)
Table 18. Mexico Solar Power Equipment Market, by Equipment, 2020–2030 ($Million)
Table 19. Mexico Solar Power Equipment Market, by Application, 2020–2030 ($Million)
Table 20. Europe Solar Power Equipment Market, by Equipment, 2020–2030 ($Million)
Table 21. Europe Solar Power Equipment Market, by Application, 2020–2030 ($Million)
Table 22. Europe Solar Power Equipment Market, by Country, 2020–2030 ($Million)
Table 23. Germany Solar Power Equipment Market, by Equipment, 2020–2030 ($Million)
Table 24. Germany Solar Power Equipment Market, by Application, 2020–2030 ($Million)
Table 25. France Solar Power Equipment Market, by Equipment, 2020–2030 ($Million)
Table 26. France Solar Power Equipment Market, by Application, 2020–2030 ($Million)
Table 27. Uk Solar Power Equipment Market, by Equipment, 2020–2030 ($Million)
Table 28. Uk Solar Power Equipment Market, by Application, 2020–2030 ($Million)
Table 29. Italy Solar Power Equipment Market, by Equipment, 2020–2030 ($Million)
Table 30. Italy Solar Power Equipment Market, by Application, 2020–2030 ($Million)
Table 31. Rest of Europe Solar Power Equipment Market, by Equipment, 2020–2030 ($Million)
Table 32. Rest of Europe Solar Power Equipment Market, by Application, 2020–2030 ($Million)
Table 33. Asia-Pacific Solar Power Equipment Market, by Equipment, 2020–2030 ($Million)
Table 34. Asia-Pacific Solar Power Equipment Market, by Application, 2020–2030 ($Million)
Table 35. Asia-Pacific Solar Power Equipment Market, by Country, 2020–2030 ($Million)
Table 36. The China Solar Power Equipment Market, by Equipment, 2020–2030 ($Million)
Table 37. China Solar Power Equipment Market, by Application, 2020–2030 ($Million)
Table 38. Japan Solar Power Equipment Market, by Equipment, 2020–2030 ($Million)
Table 39. Japan Solar Power Equipment Market, by Application, 2020–2030 ($Million)
Table 40. South Korea Solar Power Equipment Market, by Equipment, 2020–2030 ($Million)
Table 41. South Korea Solar Power Equipment Market, by Application, 2020–2030 ($Million)
Table 42. India Solar Power Equipment Market, by Equipment, 2020–2030 ($Million)
Table 43. India Solar Power Equipment Market, by Application, 2020–2030 ($Million)
Table 44. Rest of Asia-Pacific Solar Power Equipment Market, by Equipment, 2020–2030 ($Million)
Table 45. Rest of Asia-Pacific Solar Power Equipment Market, by Application, 2020–2030 ($Million)
Table 46. Lamea Solar Power Equipment Market, by Equipment, 2020–2030 ($Million)
Table 47. Lamea Solar Power Equipment Market, by Application, 2020–2030 ($Million)
Table 48. Lamea Solar Power Equipmentmarket, by Country, 2020–2030 ($Million)
Table 49. Latin America Solar Power Equipment Market, by Equipment, 2020–2030 ($Million)
Table 50. Latin America Solar Power Equipment Market, by Application, 2020–2030 ($Million)
Table 51. Middle East Solar Power Equipment Market, by Equipment, 2020–2030 ($Million)
Table 52. Middle East Solar Power Equipment Market, by Application, 2020–2030 ($Million)
Table 53. Africa Solar Power Equipment Market, by Equipment, 2020–2030 ($Million)
Table 54. Africa Solar Power Equipment Market, by Application, 2020–2030 ($Million)
Table 55. Abb: Company Snapshot
Table 56. Abb: Operating Segments
Table 57. Abb: Product Portfolio
Table 58. Canadian Solar: Company Snapshot
Table 59. Canadian Solar: Operating Business Segments
Table 60. Ge: Product Portfolio
Table 61. First Solar: Company Snapshot
Table 62. First Solar: Operating Segments
Table 63. First Solar: Product Portfolio
Table 64. Trina Solar: Company Snapshot
Table 65. Trina Solar: Product Portfolio
Table 66. Hanwha Q Cells: Company Snapshot
Table 67. Hanwha: Product Portfolio
Table 68. Ja Solar: Company Snapshot
Table 69. Ja Solar: Product Portfolio
Table 70. Longi: Company Snapshot
Table 71. Longi: Product Portfolio
Table 72. Sunpower: Company Snapshot
Table 73. Sunpower: Operating Segments
Table 74. Shufeng: Company Snapshot
Table 75. Shufeng: Operating Segments
Table 76. Shufeng: Product Portfolio
Table 77. Jinkosolar: Company Snapshot
Table 78. Jinkosolar: Product Portfolio
List of Figures
Figure 01. Global Solar Power Equipment Market, 2020-2030
Figure 02. Global Solar Power Equipment Market, by Country, 2020-2030
Figure 03. Global Solar Power Equipment Market: Key Players
Figure 04. Top Investment Pockets
Figure 05. Top Winning Strategies, by Year, 2018-2020*
Figure 06. Top Winning Strategies, by Development, 2018-2020*
Figure 07. Top Winning Strategies, by Company, 2018-2020*
Figure 08. Moderate-To-High Bargaining Power of Suppliers
Figure 09. Moderate-To-High Bargaining Power of Buyers
Figure 10. Moderate-To-High Threat of Substitutes
Figure 11. Moderate-To-High Threat of New Entrants
Figure 12. Moderate-To-High Competitive Rivalry
Figure 13. Market Share Analysis
Figure 14. Drivers, Restraints: Global Solar Power Equipment Market
Figure 15. Global Solar Power Equipment Market Revenue, for Solar Panels, by Country, 2020–2030 ($ Million)
Figure 16. Global Solar Power Equipment Market Revenue, for Mounting, Racking, & Tracking System, by Country, 2020–2030 ($ Million)
Figure 17. Global Solar Power Equipment Market Revenue, for Storage System, by Country, 2020–2030 ($ Million)
Figure 18. Global Solar Power Equipment Market Revenue, for Others, by Country, 2020–2030 ($ Million)
Figure 19. Global Solar Power Equipment Market Revenue, for Residential, by Country, 2020–2030 ($ Million)
Figure 20. Global Solar Power Equipment Market Revenue, for Non-Residential, by Country, 2020–2030 ($ Million)
Figure 21. Global Solar Power Equipment Market Revenue, for Utility, by Country, 2020–2030 ($ Million)
Figure 22. Abb: Revenue, 2020–2030 ($ Million)
Figure 23. Abb: Revenue Share by Segment, 2020 (%)
Figure 24. Abb: Revenue Share by Geography, 2020 (%)
Figure 25. Canadian Solar: Net Sales, 2020–2030 ($ Million)
Figure 26. Canadian Solar: Revenue Share by Segment, 2020 (%)
Figure 27. Canadian Solar: Revenue Share by Geography, 2020 (%)
Figure 28. First Solar: Revenue, 2020–2030 ($ Million)
Figure 29. First Solar: Revenue Share by Geography, 2020 (%)
Figure 30. First Solar: Revenue Share by Segment, 2020 (%)
Figure 31. Hanwha Q Cells: Revenue, 2020–2030 ($ Million)
Figure 32. Hanwha Q Cells: Revenue Share by Geography, 2020 (%)
Figure 33. Longi: Revenue, 2020–2030 ($ Million)
Figure 34. Longi: Revenue Share by Products, 2020 (%)
Figure 35. Longi: Revenue Share by Geography, 2020 (%)
Figure 36. Sunpower: Net Sales, 2020–2030 ($ Million)
Figure 37. Sunpower: Revenue Share by Segment, 2020 (%)
Figure 38. Sunpower: Revenue Share by Geography, 2020 (%)
Figure 39. Shufeng: Revenue, 2020–2030 ($ Million)
Figure 40. Shufeng: Revenue Share by Segment, 2020 (%)
Figure 41. Shufeng: Revenue Share by Geography, 2020 (%)
Figure 42. Jinkosolar: Revenue, 2020–2030 ($ Million)
Figure 43. Jinkosolar: Revenue Share by Geography, 2020 (%)

Executive Summary

According to a new report titled, “Solar Power Equipment Market by Equipment and Application: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the global solar power equipment market size was valued at $101.9 billion in 2020, and is projected to reach $310.4 billion by 2030, registering a CAGR of 11.3% from 2021 to 2030.

By equipment, the market is segmented into solar panels, mounting, racking & tracking system, storage system, and others. Among these, the solar panels segment accounted for the highest market share in 2020 and mounting, racking, & tracking System, is expected to witness significant growth during the forecast period, owing to increase in demand for solar power equipment for residential users as well as utility providers. The market is analyzed with respect to different applications in industrial residential, nonresidential and utility. The market is mainly driven by growth of global increasing awareness amongst masses regarding the importance of using renewable energy sources and supportive government initiatives and policies. However, high dependency of solar power systems on sun radiation is a major restraint in the growth of the market.

In 2020, Asia-Pacific dominated the global solar power equipment market share, in terms of revenue, accounting for around half the share of the solar power equipment industry. Moreover, the market in North America is growing with high CAGR, owing to growing energy demand and supportive government policies.

Rise in global temperature, has fueled global warming, resulting in rise of ocean water level and posing a threat to many coastal cities. Furthermore, climatic changes have also increased the frequency of floods and draughts, thereby negatively affecting the global economy. These factors, have created a demand for increase in the global harnessing of renewable energy, thus boosting the solar power equipment market. In addition, surge in use of solar water heaters among residential and commercial users has fueled the solar power industry.

Furthermore, on the basis of application, the utility is anticipated to grow rapidly, with a CAGR of 11.2% during the forecast period, owing to increase in investment from private and public entities across the globe.

For instance, according to India Brand Equity Foundation, as of September 2021, India had 101.53 gigawatt (GW) of renewable energy capacity which accounted for 38% of the overall installed power capacity. The Indian government aims to increase this capacity to 450 gigawatt (GW) of installed renewable energy by 2030, around 280 GW (over 60%) of which is expected from solar.

The novel coronavirus has rapidly spread across various countries and regions, causing an enormous impact on the lives of people and the overall community. It began as a human health condition and has now become a significant threat to global trade, economy, and finance. However, the demand for electricity increased during COVID-19, thereby leading to the market growth during the period. Furthermore, total shipments of solar panel manufacturers grew by nearly 7% from 2019 to 2020. Hence, the COVID-19 pandemic had no negative impact on the solar power equipment market growth.

The key players profiled in the solar power equipment report include ABB Group, Canadian Solar, First Solar Inc., Hanwha Q CELLS, JA Solar, JinkoSolar, LONGi Solar, Shunfeng International, SunPower Corporation, and Trina Solar.

Key Findings Of The Study


  • The report provides an extensive analysis of the current and emerging solar power equipment market trends and dynamics
  • Depending on equipment, the solar panels segment dominated the solar power equipment, in terms of revenue in 2020 and the storage systems segment is projected to grow at a significant CAGR during the forecast period
  • By application, the utility segment registered highest revenue in 2020
  • Asia-Pacific is projected to register highest growth rate in the coming years
  • The report provides an extensive analysis of the current trends and emerging opportunities of the market
  • In-depth solar power equipment market analysis is conducted by constructing estimations for the key segments between 2021 and 2030
  • The key players within the solar power equipment industry are profiled in this report, and their strategies are analyzed thoroughly, which help understand competitive outlook of the industry

Companies Mentioned

  • ABB Group
  • Canadian Solar
  • First Solar Inc.
  • Hanwha Q CELLS
  • JA Solar
  • JinkoSolar
  • LONGi Solar
  • Shunfeng International
  • SunPower Corporation
  • Trina Solar.

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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Table Information

Report AttributeDetails
No. of Pages235
PublishedFebruary 2022
Forecast Period2020 - 2030
Estimated Market Value ( USD ) in 2020 $ 106.41 million
Forecasted Market Value ( USD ) by 2030 $ 310.4 million
Regions CoveredGlobal
No. of Companies Mentioned10

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