Europe Solar PV Panel Market Analysis, Revenue, Future Outlook to 2027: Ken Research
by Ken Research Your Search Ends With Our ResearchIntroduction
Solar energy is the radiant energy discharged from the
sun, which is harnessed by utilizing numerous solar panel technologies likewise
crystalline silicon, and thin film. It is a proficient form of nonconventional
energy and a convenient renewable solution toward increasing greenhouse
emissions and international warming. In addition, the solar panel entail
solar cells that are organized in sandwich-like structure made up of silicon
material. The power (DC) introduced by solar panels is then transformed into AC
power with the assistance of the solar inverters, which can be utilized by
numerous clients, involving commercial, residential and industrial.
Market Revenue Forecast
According to the latest market analysis report
by Ken Research, ‘Europe
Solar Photovoltaic Panel Market Outlook and Forecast to 2027 - Driven by Favourable
Policies to Achieve Carbon Neutrality by 2050 and Integrated Market Structure
Enabling Fast Projects’, Europe Solar Photovoltaic Panel Market
is predicted to cross USD 84 Bn and observe a CAGR of about 19% over the next 5
years, due to the growth in the demand for energy, favourable government
policies and augmenting the incentives for the implementation of renewable
energy sources in the region. Additionally, most of the countries across Europe
are either enlarging/building new power plants or are moving towards renewable
sources of energy especially solar power to encounter the rise in demand.
The report broadly classifies this market into
4 segments – by Technology Type, Connectivity, by Deployment Type and by End
User Industry. In addition, it covers Geographic segmentation analysing major
countries market in detail.
According to the findings of this Ken Research
report, among the market segments, Polycrystalline Silicon leads in terms of Technology
type while Ground-mounted is the leading Deployment type in this market. And France
is the fastest growing individual country market within entire region.
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Market Growth Drivers and Challenges
During 2021, European Commission proposed a
new regulatory framework ‘Fit for 55’ to dimmish the Greenhouse Gases (GHG) by
55% by 2030 and accomplish the climate neutrality by 2050. The region also aims
on accomplishing the terms of the Paris Agreement which states to restrict the
global warming to 1.5 degrees Celsius as associated to the pre-industrial
level. With the signing of this agreement, the countries resolve to decrease
the greenhouse gas emissions by scaling up the usage of renewable energy such
as solar energy.
Ken Research specifies some of the additional
drivers that will lead to the growth of solar panels involve proposal by the
European Commission for 40% renewable energy utilization by 2030. The European
Solar market is also propelled by a net-metering system that utilizes a
discount mechanism to balance the annual energy that was conveyed and
purchased. The solar PV installed in Europe augmented from 10 GW during 2018 to
in 17 GW 2019 such measures.
Land accessibility is one of the foremost
challenges in the Europe solar photovoltaic industry based on the
observation of Ken Research. The difficulties are faced in retrieving land for
ground-mounted PV projects precisely on agricultural land. For rooftop PV
panels and projects, the foremost challenge is the delays of sanction both at
administrative and network levels. In addition, at middle and high voltage
levels owing to shortage of grid capacity, long delays and project the non-realization
are the challenges.
Regional Outlook
Europe is at the forefront of moving aim
towards the renewable sources for energy consumption both at commercial and
residential level. The increasing implementation of solar energy in residential
homes and commercial scale plants, is predicted to introduce the significant
requirement for solar photovoltaic panels during the coming years.
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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
Commercial
Industrial
Utility
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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
Companies Mentioned:-
Key Competitors in
Europe Solar Photovoltaic Panel Market: -
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
Emerging Solar
Photovoltaic Panel Companies in Europe
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
For
More Information on the research report, refer to below link: -
Europe
Solar Photovoltaic Panel Market
Contact Us: -
Ken Research
Ankur Gupta, Head Marketing & Communications
Support@kenresearch.com
+91-9015378249
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Created on Aug 31st 2022 05:37. Viewed 192 times.