Global Solar Power Equipment Market is expected to reach US$ XX Bn by 2026 from US$ 11.58 Bn in 2018 at CAGR of XX %. Solar power equipment refers to the devices and components that are used to harness and store energy from the sunlight. Solar power equipment is fixed on rooftop or ground to harness solar energy and convert it into electricity for further use by utility, industrial, residential or commercial sector.
Demand for solar power equipment has been influenced by increasing focus on the part of governments of several countries to depend on solar energy such as the world added almost 30% more solar energy capacity in 2018. The fact that solar power produces electricity with no fuel costs, no global warming and no risks of fuel price spikes has been a noticeable factor leading to its rising adoption across the globe. The driving factor of solar power equipment is reduced dependence on foreign oil & fossil fuels.
No maintenance as solar panels lasts above 30 years. Use batteries to store additional power for usage at night. Industries also have helped by accepting solar energy as they help a great deal in improving their eco-friendly profiles and to lessen their operating costs. Some of the limitations of the market are high initial costs for material & installation and long ROI. It needs lots of space as efficiency is not 100% so far.
Based on the equipment, the solar panel is broadly used in the solar power equipment market. The solar panel has been a famous method of producing clean, emission-free electricity. Furthermore, it produces only direct current electricity (DC). Solar photovoltaic systems (solar PV systems) are commonly made of solar PV panels (modules) and inverter (changing DC to AC). Solar PV panels are generally made of solar photovoltaic cells, which has no major difference to the material for making computer chips.
By the application, the utility segment is leading the global solar equipment market. The residential segment projected to witness a noteworthy growth throughout the forecast period. The fact that governments across several nations have been instrumental in providing subsidies to encourage solar energy expected to drive demand for solar power equipment in the residential sector.
Region-wise, Asia Pacific expected to account for the fastest growth throughout the forecast period. Investors are also collecting to the region as the massive potential the region has in the offer. Governments have focused more attention recently on renewable energy having solar energy thanks to concerns over the security of supply, price instability & environmental issues.
The objective of the report is to present comprehensive analysis of Global Solar Power Equipment Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers the all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.
The report also helps in understanding Global Solar Power Equipment Market dynamics, structure by analyzing the market segments, and project the Global Solar Power Equipment Market size. Clear representation of competitive analysis of key players By Distribution Channel, Type, and regional presence in the Global Solar Power Equipment Market make the report investor’s guide.
Key players operating on the market are, ABB Group, Canadian Solar, First Solar Inc., Hanwha Q CELLS, JA Solar, JinkoSolar, LONGi Solar, Shunfeng International, SunPower Corporation, and Trina Solar. Trina Solar, JinkoSolar, Canadian Solar, Sunrun, Vivint Solar.
Scope of the Global Solar Power Equipment Market
Global Solar Power Equipment Market, by Equipment type
• Solar panels
• Mounting
• Racking & tracking system
• Storage system
Global Solar Power Equipment Market, by Application
• Residential
• Non-residential
• Utilities
Global Solar Power Equipment Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America
Key players operating on the Global Power Equipment Market
• ABB Group
• Canadian Solar
• First Solar Inc.
• Hanwha Q CELLS
• JA Solar
• JinkoSolar
• LONGi Solar
• Shunfeng International
• SunPower Corporation
• Trina Solar.
• Sunrun
• Vivint Solar.
Global Solar Power Equipment Market
1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
1.3. Research Objectives
1.4. Key Questions Answered
2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations Used
2.3. Research Methodology
3. Executive Summary
3.1. Global Solar Power Equipment Market Size, by Market Value (US$ Bn) and Market, by Region
4. Market Overview
4.1. Introduction
4.2. Market Indicator
4.3. Drivers and Restraints Snapshot Analysis
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.3.4. Porter’s Analysis
4.3.5. Value Chain Analysis
4.3.6. SWOT Analysis
4.3.7.Global Solar Power Equipment Market Industry Key Trends
5. Global Solar Power Equipment Market Analysis and Forecast
5.1. Global Solar Power Equipment Market Analysis and Forecast
5.2. Global Solar Power Equipment Market Size& Y-o-Y Growth Analysis
5.2.1. North America
5.2.2. Europe
5.2.3. Asia Pacific
5.2.4. Middle East & Africa
5.2.5. Latin America
6. Global Solar Power Equipment Market Analysis and Forecast, by Equipment type
6.1. Introduction and Definition
6.2. Key Findings
6.3. Global Solar Power Equipment Market Value Share Analysis, by Equipment type
6.4. Market Size (US$ Bn) Forecast, by Equipment type
6.5. Global Solar Power Equipment Market Analysis, by Equipment type
6.6. Solar Power Equipment Market Attractiveness Analysis, by Equipment type
7. Global Solar Power Equipment Market Analysis and Forecast, by Application
7.1. Introduction and Definition
7.2. Global Solar Power Equipment Market Value Share Analysis, by Application
7.3. Market Size (US$ Bn) Forecast, by Application
7.4. Global Solar Power Equipment Market Analysis, by Application
7.5. Global Solar Power Equipment Market Attractiveness Analysis, by Application
8. Global Solar Power Equipment Market Analysis, by Region
8.1. Global Solar Power Equipment Market Value Share Analysis, by Region
8.2. Market Size (US$ Bn) Forecast, by Region
8.3. Global Solar Power Equipment Market Attractiveness Analysis, by Region
9. North America Solar Power Equipment Market Analysis
9.1. Key Findings
9.2. North America Solar Power Equipment Market Overview
9.3. North America Solar Power Equipment Market Value Share Analysis, by Equipment type
9.4. North America Solar Power Equipment Market Forecast, by Equipment type
9.4.1. Solar panel
9.4.2. Mounting
9.4.3. Racking & tracking system
9.4.4. Storage system
9.5. North America Solar Power Equipment Market Value Share Analysis, by Application
9.6. North America Solar Power Equipment Market Forecast, by Application
9.6.1. Residential
9.6.2. Non-residential
9.6.3. Utilities
9.7. North America Solar Power Equipment Market Value Share Analysis, by Country
9.8. North America Solar Power Equipment Market Forecast, by Country
9.8.1. U.S.
9.8.2. Canada
9.9. North America Solar Power Equipment Market Analysis, by Country
9.10. U.S. Solar Power Equipment Market Forecast, by Equipment type
9.10.1. Solar panel
9.10.2. Mounting
9.10.3. Racking & tracking system
9.10.4. Storage system
9.11. U.S. Solar Power Equipment Market Forecast, by Application
9.11.1. Residential
9.11.2. Non-residential
9.11.3. Utilities
9.12. Canada Solar Power Equipment Market Forecast, by Equipment type
9.12.1. Solar panel
9.12.2. Mounting
9.12.3. Racking & tracking system
9.12.4. Storage system
9.13. Canada Solar Power Equipment Market Forecast, by Application
9.13.1. Residential
9.13.2. Non-residential
9.13.3. Utilities
9.14. North America Solar Power Equipment Market Attractiveness Analysis
9.14.1. By Equipment type
9.14.2. By Application
9.15. PEST Analysis
10. Europe Solar Power Equipment Market Analysis
10.1. Key Findings
10.2. Europe Solar Power Equipment Market Overview
10.3. Europe Solar Power Equipment Market Value Share Analysis, by Equipment type
10.4. Europe Solar Power Equipment Market Forecast, by Equipment type
10.4.1. Solar panel
10.4.2. Mounting
10.4.3. Racking & tracking system
10.4.4. Storage system
10.5. Europe Solar Power Equipment Market Value Share Analysis, by Application
10.6. Europe Solar Power Equipment Market Forecast, by Application
10.6.1. Residential
10.6.2. Non-residential
10.6.3. Utilities
10.7. Europe Solar Power Equipment Market Value Share Analysis, by Country
10.8. Europe Solar Power Equipment Market Forecast, by Country
10.8.1. Germany
10.8.2. U.K.
10.8.3. France
10.8.4. Italy
10.8.5. Spain
10.8.6. Rest of Europe
10.9. Europe Solar Power Equipment Market Analysis, by Country/ Sub-region
10.10. Germany Solar Power Equipment Market Forecast, by Equipment type
10.10.1. Solar panel
10.10.2. Mounting
10.10.3. Racking & tracking system
10.10.4. Storage system
10.11. Germany Solar Power Equipment Market Forecast, by Application
10.11.1. Residential
10.11.2. Non-residential
10.11.3. Utilities
10.12. U.K. Solar Power Equipment Market Forecast, by Equipment type
10.12.1. Solar panel
10.12.2. Mounting
10.12.3. Racking & tracking system
10.12.4. Storage system
10.13. U.K. Solar Power Equipment Market Forecast, by Application
10.13.1. Residential
10.13.2. Non-residential
10.13.3. Utilities
10.14. France Solar Power Equipment Market Forecast, by Equipment type
10.14.1. Solar panel
10.14.2. Mounting
10.14.3. Racking & tracking system
10.14.4. Storage system
10.15. France Solar Power Equipment Market Forecast, by Application
10.15.1. Residential
10.15.2. Non-residential
10.15.3. Utilities
10.16. Italy Solar Power Equipment Market Forecast, by Equipment type
10.16.1. Solar panel
10.16.2. Mounting
10.16.3. Racking & tracking system
10.16.4. Storage system
10.17. Italy Solar Power Equipment Market Forecast, by Application
10.17.1. Residential
10.17.2. Non-residential
10.17.3. Utilities
10.18. Spain Solar Power Equipment Market Forecast, by Equipment type
10.18.1. Solar panel
10.18.2. Mounting
10.18.3. Racking & tracking system
10.18.4. Storage system
10.19. Spain Solar Power Equipment Market Forecast, by Application
10.19.1. Residential
10.19.2. Non-residential
10.19.3. Utilities
10.20. Rest of Europe Solar Power Equipment Market Forecast, by Equipment type
10.20.1. Solar panel
10.20.2. Mounting
10.20.3. Racking & tracking system
10.20.4. Storage system
10.21. Rest of Europe Solar Power Equipment Market Forecast, by Application
10.21.1. Residential
10.21.2. Non-residential
10.21.3. Utilities
10.22. Europe Solar Power Equipment Market Attractiveness Analysis
10.22.1. By Equipment type
10.22.2. By Application
10.23. PEST Analysis
11. Asia Pacific Solar Power Equipment Market Analysis
11.1. Key Findings
11.2. Asia Pacific Solar Power Equipment Market Overview
11.3. Asia Pacific Solar Power Equipment Market Value Share Analysis, by Equipment type
11.4. Asia Pacific Solar Power Equipment Market Forecast, by Equipment type
11.4.1. Solar panel
11.4.2. Mounting
11.4.3. Racking & tracking system
11.4.4. Storage system
11.5. Asia Pacific Solar Power Equipment Market Value Share Analysis, by Application
11.6. Asia Pacific Solar Power Equipment Market Forecast, by Application
11.6.1. Residential
11.6.2. Non-residential
11.6.3. Utilities
11.7. Asia Pacific Solar Power Equipment Market Value Share Analysis, by Country
11.8. Asia Pacific Solar Power Equipment Market Forecast, by Country
11.8.1. China
11.8.2. India
11.8.3. Japan
11.8.4. ASEAN
11.8.5. Rest of Asia Pacific
11.9. Asia Pacific Solar Power Equipment Market Analysis, by Country/ Sub-region
11.10. China Solar Power Equipment Market Forecast, by Equipment type
11.10.1. Solar panel
11.10.2. Mounting
11.10.3. Racking & tracking system
11.10.4. Storage system
11.11. Tank Level China Solar Power Equipment Market Forecast, by Application
11.11.1. Residential
11.11.2. Non-residential
11.11.3. Utilities
11.12. India Solar Power Equipment Market Forecast, by Equipment type
11.12.1. Solar panel
11.12.2. Mounting
11.12.3. Racking & tracking system
11.12.4. Storage system
11.13. India Solar Power Equipment Market Forecast, by Application
11.13.1. Residential
11.13.2. Non-residential
11.13.3. Utilities
11.14. Japan Solar Power Equipment Market Forecast, by Equipment type
11.14.1. Solar panel
11.14.2. Mounting
11.14.3. Racking & tracking system
11.14.4. Storage system
11.15. Japan Solar Power Equipment Market Forecast, by Application
11.15.1. Residential
11.15.2. Non-residential
11.15.3. Utilities
11.16. ASEAN Solar Power Equipment Market Forecast, by Equipment type
11.16.1. Solar panel
11.16.2. Mounting
11.16.3. Racking & tracking system
11.16.4. Storage system
11.17. ASEAN Solar Power Equipment Market Forecast, by Application
11.17.1. Residential
11.17.2. Non-residential
11.17.3. Utilities
11.18. Rest of Asia Pacific Solar Power Equipment Market Forecast, by Equipment type
11.18.1. Solar panel
11.18.2. Mounting
11.18.3. Racking & tracking system
11.18.4. Storage system
11.19. Rest of Asia Pacific Solar Power Equipment Market Forecast, by Application
11.19.1. Residential
11.19.2. Non-residential
11.19.3. Utilities
11.20. Asia Pacific Solar Power Equipment Market Attractiveness Analysis
11.20.1. By Equipment type
11.20.2. By Application
11.21. PEST Analysis
12. Middle East & Africa Solar Power Equipment Market Analysis
12.1. Key Findings
12.2. Middle East & Africa Solar Power Equipment Market Overview
12.3. Middle East & Africa Solar Power Equipment Market Value Share Analysis, by Equipment type
12.4. Middle East & Africa Solar Power Equipment Market Forecast, by Equipment type
12.4.1. Solar panel
12.4.2. Mounting
12.4.3. Racking & tracking system
12.4.4. Storage system
12.5. Middle East & Africa Solar Power Equipment Market Value Share Analysis, by Application
12.6. Middle East & Africa Solar Power Equipment Market Forecast, by Application
12.6.1. Residential
12.6.2. Non-residential
12.6.3. Utilities
12.7. Middle East & Africa Solar Power Equipment Market Value Share Analysis, by Country
12.8. Middle East & Africa Solar Power Equipment Market Forecast, by Country
12.8.1. GCC
12.8.2. South Africa
12.8.3. Rest of Middle East & Africa
12.9. Middle East & Africa Solar Power Equipment Market Analysis, by Country/ Sub-region
12.10. GCC Solar Power Equipment Market Forecast, by Equipment type
12.10.1. Solar panel
12.10.2. Mounting
12.10.3. Racking & tracking system
12.10.4. Storage system
12.11. GCC Solar Power Equipment Market Forecast, by Application
12.11.1. Residential
12.11.2. Non-residential
12.11.3. Utilities
12.12. South Africa Solar Power Equipment Market Forecast, by Equipment type
12.12.1. Solar panel
12.12.2. Mounting
12.12.3. Racking & tracking system
12.12.4. Storage system
12.13. South Africa Solar Power Equipment Market Forecast, by Application
12.13.1. Residential
12.13.2. Non-residential
12.13.3. Utilities
12.14. Rest of Middle East & Africa Solar Power Equipment Market Forecast, by Equipment type
12.14.1. Solar panel
12.14.2. Mounting
12.14.3. Racking & tracking system
12.14.4. Storage system
12.15. Rest of Middle East & Africa Solar Power Equipment Market Forecast, by Application
12.15.1. Residential
12.15.2. Non-residential
12.15.3. Utilities
12.16. Middle East & Africa Solar Power Equipment Market Attractiveness Analysis
12.16.1. By Equipment type
12.16.2. By Application
12.17. PEST Analysis
13. Latin America Solar Power Equipment Market Analysis
13.1. Key Findings
13.2. Latin America Solar Power Equipment Market Overview
13.3. Latin America Solar Power Equipment Market Value Share Analysis, by Equipment type
13.4. Latin America Solar Power Equipment Market Forecast, by Equipment type
13.4.1. Solar panel
13.4.2. Mounting
13.4.3. Racking & tracking system
13.4.4. Storage system
13.5. Latin America Solar Power Equipment Market Value Share Analysis, by Application
13.6. Latin America Solar Power Equipment Market Forecast, by Application
13.6.1. Residential
13.6.2. Non-residential
13.6.3. Utilities
13.7. Latin America Solar Power Equipment Market Value Share Analysis, by Country
13.8. Latin America Solar Power Equipment Market Forecast, by Country
13.8.1. Brazil
13.8.2. Mexico
13.8.3. Rest of Latin America
13.9. Latin America Solar Power Equipment Market Analysis, by Country/ Sub-region
13.10. Brazil Solar Power Equipment Market Forecast, by Equipment type
13.10.1. Solar panel
13.10.2. Mounting
13.10.3. Racking & tracking system
13.10.4. Storage system
13.11. Brazil Solar Power Equipment Market Forecast, by Application
13.11.1. Residential
13.11.2. Non-residential
13.11.3. Utilities
13.12. Mexico Solar Power Equipment Market Forecast, by Equipment type
13.12.1. Solar panel
13.12.2. Mounting
13.12.3. Racking & tracking system
13.12.4. Storage system
13.13. Mexico Solar Power Equipment Market Forecast, by Application
13.13.1. Residential
13.13.2. Non-residential
13.13.3. Utilities
13.14. Rest of Latin America Solar Power Equipment Market Forecast, by Equipment type
13.14.1. Solar panel
13.14.2. Mounting
13.14.3. Racking & tracking system
13.14.4. Storage system
13.15. Rest of Latin America Solar Power Equipment Market Forecast, by Application
13.15.1. Residential
13.15.2. Non-residential
13.15.3. Utilities
13.16. Latin America Solar Power Equipment Market Attractiveness Analysis
13.16.1. By Equipment type
13.16.2. By Application
13.17. PEST Analysis
14. Company Profiles
14.1. Market Share Analysis, by Company
14.2. Competition Matrix
14.3. Company Profiles: Key Players
14.3.1. ABB Ltd.
14.3.1.1. Company Overview
14.3.1.2. Financial Overview
14.3.1.3. Business Strategy
14.3.1.4. Recent Developments
14.3.1.5. Manufacturing Footprint
14.3.2. Canadian Solar
14.3.3. First Solar Inc.
14.3.4. Hanwha Q CELLS
14.3.5. JA Solar
14.3.6. JinkoSolar
14.3.7. LONGi Solar
14.3.8. Shunfeng International
14.3.9. SunPower Corporation
14.3.10. Trina Solar.
14.3.11. Sunrun
14.3.12. Vivint Solar
15. Primary Key Insights