Solar PV Market Size to Record a CAGR of 18.72%, Adani Green Energy Ltd. and Canadian Solar Inc. Among Key Vendors - Technavio

NEW YORK, Oct. 11, 2022 /PRNewswire/ -- The "Solar PV Market by End-user and Geography - Forecast and Analysis 2022-2026" report has been added to Technavio's offerings. The market size is set to grow by 221.45 GW from 2021 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 18.72% during the forecast period.

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Adani Green Energy Ltd., Canadian Solar Inc., CertainTeed, First Solar Inc., Flisom AG, Greatcell Energy Pty Ltd., JA Solar Technology Co. Ltd., Jiangsu Seraphim Solar System Co. Ltd., JinkoSolar Holding Co. Ltd., LG Electronics Inc., Panasonic Corp, Prism Solar Technologies Inc., REC Solar Holdings AS, RenewSys India Pvt. Ltd., Ritika Systems Pvt. Ltd., Solaria Corp., SolarTech Universal LLC, SunPower Corp, Waaree Energies Ltd., Yingli Green Energy Holding Co. Ltd., among others, are the main players in the market. The key offerings of some of these vendors are listed below:

• Adani Green Energy Ltd. - The company offers solar PV products such as Encore multi crystalline, Eternal mono PERC, and Elan bifacial.
• Canadian Solar Inc. - The company offers solar PV products such as BiHiKu7 and HiKu7.
• First Solar Inc. - The company offers solar PV modules such as Series 4 and Series 6.
• Flisom AG - The company offers solar PV products such as eFlex, eMetal, and eFilm.
• Greatcell Energy Pty Ltd. - The company offers solar PV products such as perovskite solar cells, materials and equipment.

The increasing investments in renewable energy are expected to drive market growth during the forecast period. Over the past two decades, the global energy mix has changed significantly. Improvement in energy efficiency plays a vital role in balancing the supply and demand for energy. The competitive cost of producing electricity and low carbon emissions from renewable sources has resulted in a rise in investments in renewable energy globally. Therefore, the rise in focus on renewable energy sources is increasing investments in the energy industry, which, in turn, will fuel the growth of the global solar PV market.

• Utility - size and forecast 2021-2026
• Commercial - size and forecast 2021-2026
• Residential - size and forecast 2021-2026

• APAC - size and forecast 2021-2026
• North America - size and forecast 2021-2026
• Europe - size and forecast 2021-2026
• Middle East and Africa - size and forecast 2021-2026
• South America - size and forecast 2021-2026

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The utility segment will be a significant contributor to market growth during the forecast period. A steady rise in renewable energy auction volume has a positive impact on the growth of this segment. In countries such as China and India, PV auctions are expected to increase during the forecast period, owing to the rising focus of governments on clean energy initiatives.

Small Wind Turbine Market by Type and Geography - Forecast and Analysis 2022-2026: The small wind turbine market size is projected to grow by 1821.02 megawatts from 2021 to 2026.

Wind Turbine Tower Market by Application and Geography - Forecast and Analysis 2022-2026: The wind turbine tower market share is expected to increase by USD 7.68 billion from 2021 to 2026.

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1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 (GW)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 (GW)
• Exhibit 15: Chart on Global Market- Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market- Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary 
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry 
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition 
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by End-user

• 5.1 Market segments 
• Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
• Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)

• 5.2 Comparison by End-user 
• Exhibit 26: Chart on Comparison by End-user
• Exhibit 27: Data Table on Comparison by End-user

• 5.3 Utility - Market size and forecast 2021-2026
• Exhibit 28: Chart on Utility - Market size and forecast 2021-2026 (GW)
• Exhibit 29: Data Table on Utility - Market size and forecast 2021-2026 (GW)
• Exhibit 30: Chart on Utility - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Utility - Year-over-year growth 2021-2026 (%)

• 5.4 Commercial - Market size and forecast 2021-2026
• Exhibit 32: Chart on Commercial - Market size and forecast 2021-2026 (GW)
• Exhibit 33: Data Table on Commercial - Market size and forecast 2021-2026 (GW)
• Exhibit 34: Chart on Commercial - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Commercial - Year-over-year growth 2021-2026 (%)

• 5.5 Residential - Market size and forecast 2021-2026
• Exhibit 36: Chart on Residential - Market size and forecast 2021-2026 (GW)
• Exhibit 37: Data Table on Residential - Market size and forecast 2021-2026 (GW)
• Exhibit 38: Chart on Residential - Year-over-year growth 2021-2026 (%)
• Exhibit 39: Data Table on Residential - Year-over-year growth 2021-2026 (%)

• 5.6 Market opportunity by End-user 
• Exhibit 40: Market opportunity by End-user (GW)

6 Customer Landscape

• 6.1 Customer landscape overview 
• Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 42: Chart on Market share by geography 2021-2026 (%)
• Exhibit 43: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 44: Chart on Geographic comparison
• Exhibit 45: Data Table on Geographic comparison

• 7.3 APAC - Market size and forecast 2021-2026
• Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 (GW)
• Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 (GW)
• Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.4 North America - Market size and forecast 2021-2026
• Exhibit 50: Chart on North America - Market size and forecast 2021-2026 (GW)
• Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 (GW)
• Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.5 Europe - Market size and forecast 2021-2026
• Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 (GW)
• Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 (GW)
• Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.6 Middle East and Africa - Market size and forecast 2021-2026 
• Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 (GW)
• Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 (GW)
• Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.7 South America - Market size and forecast 2021-2026
• Exhibit 62: Chart on South America - Market size and forecast 2021-2026 (GW)
• Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 (GW)
• Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.8 China - Market size and forecast 2021-2026
• Exhibit 66: Chart on China - Market size and forecast 2021-2026 (GW)
• Exhibit 67: Data Table on China - Market size and forecast 2021-2026 (GW)
• Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.9 US - Market size and forecast 2021-2026
• Exhibit 70: Chart on US - Market size and forecast 2021-2026 (GW)
• Exhibit 71: Data Table on US - Market size and forecast 2021-2026 (GW)
• Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.10 India - Market size and forecast 2021-2026
• Exhibit 74: Chart on India - Market size and forecast 2021-2026 (GW)
• Exhibit 75: Data Table on India - Market size and forecast 2021-2026 (GW)
• Exhibit 76: Chart on India - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on India - Year-over-year growth 2021-2026 (%)

• 7.11 Germany - Market size and forecast 2021-2026
• Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 (GW)
• Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 (GW)
• Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.12 Italy - Market size and forecast 2021-2026
• Exhibit 82: Chart on Italy - Market size and forecast 2021-2026 (GW)
• Exhibit 83: Data Table on Italy - Market size and forecast 2021-2026 (GW)
• Exhibit 84: Chart on Italy - Year-over-year growth 2021-2026 (%)
• Exhibit 85: Data Table on Italy - Year-over-year growth 2021-2026 (%)

• 7.13 Canada - Market size and forecast 2021-2026
• Exhibit 86: Chart on Canada - Market size and forecast 2021-2026 (GW)
• Exhibit 87: Data Table on Canada - Market size and forecast 2021-2026 (GW)
• Exhibit 88: Chart on Canada - Year-over-year growth 2021-2026 (%)
• Exhibit 89: Data Table on Canada - Year-over-year growth 2021-2026 (%)

• 7.14 Market opportunity by geography 
• Exhibit 90: Market opportunity by geography (GW)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges 
• Exhibit 91: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape 
• Exhibit 92: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption 
• Exhibit 93: Overview on factors of disruption

• 9.4 Industry risks 
• Exhibit 94: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered 
• Exhibit 95: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 96: Matrix on vendor position and classification

• 10.3 Adani Green Energy Ltd. 
• Exhibit 97: Adani Green Energy Ltd. - Overview
• Exhibit 98: Adani Green Energy Ltd. - Product / Service
• Exhibit 99: Adani Green Energy Ltd. - Key offerings

• 10.4 Canadian Solar Inc. 
• Exhibit 100: Canadian Solar Inc. - Overview
• Exhibit 101: Canadian Solar Inc. - Business segments
• Exhibit 102: Canadian Solar Inc. - Key news
• Exhibit 103: Canadian Solar Inc. - Key offerings
• Exhibit 104: Canadian Solar Inc. - Segment focus

• 10.5 First Solar Inc. 
• Exhibit 105: First Solar Inc. - Overview
• Exhibit 106: First Solar Inc. - Business segments
• Exhibit 107: First Solar Inc. - Key news
• Exhibit 108: First Solar Inc. - Key offerings
• Exhibit 109: First Solar Inc. - Segment focus

• 10.6 Flisom AG 
• Exhibit 110: Flisom AG - Overview
• Exhibit 111: Flisom AG - Product / Service
• Exhibit 112: Flisom AG - Key offerings

• 10.7 Greatcell Energy Pty Ltd. 
• Exhibit 113: Greatcell Energy Pty Ltd. - Overview
• Exhibit 114: Greatcell Energy Pty Ltd. - Product / Service
• Exhibit 115: Greatcell Energy Pty Ltd. - Key offerings

• 10.8 JA Solar Technology Co. Ltd. 
• Exhibit 116: JA Solar Technology Co. Ltd. - Overview
• Exhibit 117: JA Solar Technology Co. Ltd. - Product / Service
• Exhibit 118: JA Solar Technology Co. Ltd. - Key offerings

• 10.9 JinkoSolar Holding Co. Ltd. 
• Exhibit 119: JinkoSolar Holding Co. Ltd. - Overview
• Exhibit 120: JinkoSolar Holding Co. Ltd. - Product / Service
• Exhibit 121: JinkoSolar Holding Co. Ltd. - Key news
• Exhibit 122: JinkoSolar Holding Co. Ltd. - Key offerings

• 10.10 SunPower Corp 
• Exhibit 123: SunPower Corp - Overview
• Exhibit 124: SunPower Corp - Business segments
• Exhibit 125: SunPower Corp - Key news
• Exhibit 126: SunPower Corp - Key offerings
• Exhibit 127: SunPower Corp - Segment focus

• 10.11 Waaree Energies Ltd. 
• Exhibit 128: Waaree Energies Ltd. - Overview
• Exhibit 129: Waaree Energies Ltd. - Business segments
• Exhibit 130: Waaree Energies Ltd. - Key offerings
• Exhibit 131: Waaree Energies Ltd. - Segment focus

• 10.12 Yingli Green Energy Holding Co. Ltd. 
• Exhibit 132: Yingli Green Energy Holding Co. Ltd. - Overview
• Exhibit 133: Yingli Green Energy Holding Co. Ltd. - Business segments
• Exhibit 134: Yingli Green Energy Holding Co. Ltd. - Key offerings
• Exhibit 135: Yingli Green Energy Holding Co. Ltd. - Segment focus

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist 
• Exhibit 136: Inclusions checklist
• Exhibit 137: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 138: Currency conversion rates for US$

• 11.4 Research methodology 
• Exhibit 139: Research methodology
• Exhibit 140: Validation techniques employed for market sizing
• Exhibit 141: Information sources

• 11.5 List of abbreviations 
• Exhibit 142: List of abbreviations

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