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Market Research Reports

May 26, 2015 08:30 ET

Global Solar Panels Market to Exceed US$24 Billion by 2021, Propelled by China's Extensive Investment in Solar PV

ALBANY, NY--(Marketwired - May 26, 2015) - ResearchMoz has announced the addition of a new market research report to its extensive repository of analytical research reports. The new addition, titled ‘Solar Panels Market Shares, Strategy, and Forecasts, Worldwide, 2015 to 2021’, discusses the Global Solar Panels Market. It details historical statistics to present the growth trajectory that has brought the market to its present conditions. It further includes forecasts for the global solar panel market’s projected growth over a period from 2015 till 2021. Market forecasts presented in the report are arrived at by experienced industry experts using reliable, time-tested analytical tools, and are thus precise and entirely trustworthy.

According to the research report’s forecast for the global solar panels market, the market is expected to tread along an exceedingly strong growth path to reach a total value of US$180.7 billion by 2021. The market was worth US$24.2 billion in 2014, the base year for the statistics presented in the report.

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The market for solar panels has been expanding at an increasing rate over the last decade, steadily overcoming the many obstacles every new technology has to face. According to the research report, the solar panels market is on the brink of shedding off its perception as that of an ‘alternate energy’ source and becoming a mainstream power source in 2015.

The report focuses on China’s efforts in increasing the utilization of solar energy through PV, or photovoltaic cells. The Chinese government has aimed to make solar power cheaper than power obtained from traditional coal power plants. This will divert the full glare of the world’s attention to the solar panels market, aiming to observe and examine the progress of the one consistently and practicably usable energy source that the whole world receives for free.

Solar panels are used to convert the Sun’s virtually endless energy into easily applicable electricity. This appears to be a perfectly harmless, risk-free, entirely beneficial way of solving or at least ameliorating the world’s energy crisis.

Browse More: Solar Market Research Reports and Industry Analysis

Taking this into account, the report elaborates upon China’s achievement of attaining grid parity for solar power and the U.S. government’s aims to offer customers a 10% net saving in the first year of solar power usage. European countries, on the other hand, have struggled to get the most out of solar power. The lack of constant and strong sunlight in Northern Europe, comprising populous and important countries such as the U.K., Germany, and practically the whole of Scandinavia, is primarily responsible for this. The report details the EU’s failure when it comes to utilization of available solar energy resources.

The report presents a comprehensive snapshot of the solar panel market’s competitive landscape by profiling several major players operating in the market, along with the major products and technologies dominating the market. Companies covered in the report include Akeena Solar, Canadian Solar, Daqo New Energy, SunPower, JA Solar, SunTech, China Sunergy, Kyocera, and Mitsubishi. Market analysts forecast the Global Solar Panels market to grow at a CAGR of 15.3 percent over the period 2011-2015. One of the key factors contributing to this market growth is functional and technological advancement. The Global Solar Panels market has also been witnessing the entry of new competitors with competitive advantages. However, the seasonal fluctuation of solar power availability could pose a challenge to the growth of this market.

New report, the Global Solar Panels Market 2011-2015, has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Solar Panels market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market. Key vendors dominating this market space include First Solar Inc., Suntech Power Holdings Co. Ltd., Trina Solar Ltd., and Yingli Green Energy Holding Co. Ltd. Other vendors mentioned in the report: Canadian Solar Inc., Sharp Corp., Hanwha SolarOne Ltd., Jinko Solar Co. Ltd., LDK Solar Co. Ltd., SolarWorld, BP Solar International Inc., Bosch Solar Energy AG, Dyesol Ltd., EniPower S.p.A, Evergreen Solar Inc., ET Solar Inc., E-Ton Solar Tech Co. Ltd., Flisom AG, GE Energy, Global Solar Energy Inc., Hitachi Metals America Ltd., Isofoton SA, JA Solar Holdings, Kyocera Corp., Matrix Solar Technologies Inc., MiaSole Inc., Mitsubishi Electric Corp., Moser Baer Solar Ltd., Motech Industries Inc. , Nanosolar Inc., Primestar Solar Inc., Q-Cells SE, REC Solar Inc., Ritek Co. Ltd., Sanyo Solar, Schott Solar AG, Schuco USA, Signet Solar Inc., Siliken SA, and SunPower Corp. Request for Sample Report @

New analysis, China market analysis, the report analyzes Photovoltaic Solar Panel markets in China and other countries or regions (such as US, Europe, Japan, etc) by presenting research on global products of different types and applications developments and trends of market, technology, and competitive landscape, and leading suppliers and countries’2009-2014 capacity, production, cost, price, profit, production value, and gross margin. For leading suppliers, related information is listed as products, customers, application, capacity, market position, and company contact information, etc. 2015-2020 forecast on capacity, production, cost, price, profit, production value, and gross margin for these markets are also included. For technical data and manufacturing plants analysis, the report analyzes Photovoltaic Solar Panel leading suppliers on capacity, commercial production date, manufacturing plants distribution, R&D Status, technology sources, and raw materials sources. This report also presents product specification, manufacturing process, and product cost structure etc. Production is separated by regions, technology and applications. Analysis also covers upstream raw materials, equipment, downstream client survey, marketing channels, industry development trend and proposals. To Get Sample Copy of Report visit @

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