Impact of COVID-19 on Europe Solar Photovoltaic Panel Market: The shutdown of various manufacturing facilities has led to a decrease in the demand for power equipment hence affecting the solar PV panel market during the initial period of COVID-19 pandemic. Utility-scale projects had witnessed delays due to supply chain disruption, labor constraints, and construction delays for the initial few days. The distributed PV was more at risk as it relies on both individuals and SMEs who were severely affected by the Covid-19 lockdown. Despite of Covid-19 crisis the Solar PV Panel Market in Europe witnessed positive growth, owing to the continuous efforts to reach the climate goals. For instance, the Netherlands witnessed an addition of almost 3GW in 2020, and Poland grew by 28% as compared to 2019 becoming a ‘newcomer’ as it installed more than 1 GW in 2020.
Rising Prevalence of Rooftop Solar: Over the next few years, the Solar Photovoltaic Panel market in Europe is growing due to the government policies and initiatives mandating solar panels on the rooftops of all commercial and new buildings. The new government regulation of mandating solar installation on new buildings in several cities of Germany as the country’s geography is more favorable for rooftop PV installation is likely to drive the market for rooftop solar.
Surging Demand for Utility Scale Projects: The utility segment is the largest end-user segment in the Europe Solar Photovoltaic Panel market. The large market share is attributed to a huge number of projects under construction and in pipelines. It is further aided by the growing demand for clean electricity. In Poland, the growth of utility large-scale projects is due to the fact that the country is already experiencing a shortage in energy production capacity and is likely to increase the demand for solar as the regulatory barriers are obstructing onshore wind development.
Analysts at Ken Research in their latest publication “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” believe that the Solar Photovoltaic Panel is expected to grow owing to the various government regulation of mandating panels on the rooftops of all commercial and new buildings and a huge number of projects under construction and in pipelines.
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.