The report titled “Europe Solar Photovoltaic Panel Market Outlook and Forecast to 2027 – Driven by Favorable Policies to Achieve Carbon Neutrality by 2050 and Integrated Market Structure Enabling Fast Projects: Ken Research” provides a comprehensive analysis of the Europe Solar Photovoltaic Panel Market. The report provides industry size basis revenue and value chain analysis, market segmentation based on Technology, Connectivity, Deployment, End User Segment, competition benchmarking, COVID impact, future projections and trends, drivers & challenges. It also provides the market by Revenue of the major countries in the European region and also provides the country-level analysis based on the segments. It also provides inputs on major opportunities and potential strategies to gain from the market.
Europe Solar Photovoltaic Panel Market Outlook, Drivers, and Challenges
The Europe Solar Photovoltaic Panel Market is expected to witness a CAGR of above 19% over the next 5 years, owing to the rise in the demand for energy, favorable government policies and increasing incentives for the adoption of renewable energy sources in the region. Furthermore, most of the countries in Europe are either expanding/building new power plants or are shifting towards renewable sources of energy especially solar power to meet the rise in demand.
In 2021, European Commission proposed a new regulatory framework ‘Fit for 55’ to reduce Greenhouse Gases (GHG) by 55% by 2030 and achieve climate neutrality by 2050. The region also focuses on achieving the terms of the Paris Agreement which states to limit global warming to 1.5 degrees Celsius as compared to the pre-industrial level. With the signing of this agreement, the countries resolve to reduce greenhouse gas emissions by scaling up the use of renewable energy such as solar energy. Some of the additional drivers that will lead to the growth of solar panels include proposal by the European Commission for 40% renewable energy usage by 2030. The European Solar market is also driven by a net-metering system that uses a discount mechanism to balance the annual energy that was delivered and purchased. The solar PV installed in Europe grew from 10 GW in 2018 to in 17 GW 2019 such measures.
Land accessibility is one of the major challenges in the Europe solar photovoltaic market. The difficulties are faced in accessing land for ground-mounted PV projects specifically on agricultural land. For rooftop PV panels and projects, the major challenge is the delays of approval both at administrative and network levels. In addition, at middle and high voltage levels due to lack of grid capacity, long delays and project non-realization are the challenges.
Key Segments Covered in Europe Solar Photovoltaic Panel Market:-
Europe Solar Photovoltaic Panel Market By Technology
Europe Solar Photovoltaic Panel Market By Connectivity
Europe Solar Photovoltaic Panel Market By Deployment
Europe Solar Photovoltaic Panel Market By End User Segment
Europe Solar Photovoltaic Panel Market By Geography and Major Countries
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
Solar Energy Research Organizations
Renewable Energy Research Organizations
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
Key Competitors in Europe Solar Photovoltaic Panel Market:-
JA Solar Technology Co., Ltd
Megasol Energy Ltd.
Emerging Solar Photovoltaic Panel Companies in Europe
AxSun Solar GmbH & Co. KG
Calyxo TS Solar GmbH
Onyx Solar Group LLC
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:
Ankur Gupta, Head Marketing & Communications
Frequently Asked Questions:
What is the Study Period of this Market Report?
The Europe Solar Photovoltaic Panel Market is covered from 2017 – 2027 in this report, which includes a forecast for the period 2022-2027.
What is the Future Growth Rate of Europe Solar Photovoltaic Panel Market?
The Europe Solar Photovoltaic Panel Market is expected to witness a CAGR of about 19% over the next 5 years.
What are the Key Factors Driving the Europe Solar Photovoltaic Panel Market?
Net-metering system and favourable government policies are expected to be the primary drivers of this market.
Which is the Fastest Growing Technology Segment within the Europe Solar Photovoltaic Panel Market?
Monocrystalline Silicon is the fastest growing technology segment within the Europe Solar Photovoltaic Panel Market.
Who are the Key Players 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., and SoliTek are the major companies operating in Europe Solar Photovoltaic Panel Market.