Solar Power Equipment Market Size- By Product, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
Solar Power Equipment Market Introduction and Overview
According to SPER market research, Solar Power Equipment Market Size- By Product, By Application – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Global Solar Power Equipment Market is predicted to reach USD 430.97 billion by 2033 with a CAGR of 11.56%.
The term “solar power equipment” describes a range of components that are used to capture and use solar energy for the production of electricity or various other purposes. It includes a variety of tools and technology intended to harness solar energy, or sunshine, and transform it into electrical energy. Individual solar cells that absorb light make up each solar panel.
The COVID-19 pandemic had minimal impact on the growth of the solar power equipment market. Due to supply chain disruptions and industrial process disruptions brought on by the pandemic, there was a shortage of raw materials and a delay in product delivery. The condition caused a fall in production levels and sales of Solar Power Equipment items. In addition, the pandemic’s uncertainty resulted in lower consumer spending, which further harmed the market. However, market had also observed a growth in demand in several industries, including healthcare and e-commerce, due to the outbreak.
Scope of the Report:
Report Metric Details
Market size available for years 2020-2033
Base year considered 2023
Forecast period 2024-2033
Segments covered By Product, By Application
Regions covered North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
Companies Covered
ABB Group, Canadian Solar, First Solar Inc., Hanwha Q CELLS, JA Solar, JinkoSolar, LONGi Solar, Shunfeng International, SunPower Corporation, and Trina Solar.
Solar Power Equipment Market Segmentation
By Product:Based on the Type, Global Solar Power Equipment Market is segmented as; Solar Panels, Mounting and Racking System, Tracking System, Storage System, Others.
By Application:Based on the Application, Global Solar Power Equipment Market is segmented as; Residential, Commercial, Industrial, Utility.
By Region:This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.
- 1. Introduction
- 1.1. Scope of the report
- 1.2. Market segment analysis
- 2. Research Methodology
- 2.1. Research data source
- 2.1.1. Secondary Data
- 2.1.2. Primary Data
- 2.1.3. SPER’s internal database
- 2.1.4. Premium insight from KOL’s
- 2.2. Market size estimation
- 2.2.1. Top-down and Bottom-up approach
- 2.3. Data triangulation
- 3. Executive Summary
- 4. Market Dynamics
- 4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1. Drivers
- 4.1.2. Restraints
- 4.1.3. Opportunities
- 4.1.4. Challenges
- 4.2. COVID-19 Impacts of the Global Solar Power Equipment Market
- 5. Market variable and outlook
- 5.1. SWOT Analysis
- 5.1.1. Strengths
- 5.1.2. Weaknesses
- 5.1.3. Opportunities
- 5.1.4. Threats
- 5.2. PESTEL Analysis
- 5.2.1. Political Landscape
- 5.2.2. Economic Landscape
- 5.2.3. Social Landscape
- 5.2.4. Technological Landscape
- 5.2.5. Environmental Landscape
- 5.2.6. Legal Landscape
- 5.3. PORTER’s Five Forces
- 5.3.1. Bargaining power of suppliers
- 5.3.2. Bargaining power of buyers
- 5.3.3. Threat of Substitute
- 5.3.4. Threat of new entrant
- 5.3.5. Competitive rivalry
- 5.4. Heat Map Analysis
- 6. Competitive Landscape
- 6.1. Global Solar Power Equipment Market Manufacturing Base Distribution, Sales Area, Product Type
- 6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Solar Power Equipment Market
- 7. Global Solar Power Equipment Market, By Product (USD Million)
- 7.1. Global Solar Power Equipment Market Value Share and Forecast, By Product, 2024-2033
- 7.2. Solar Panels
- 7.3. Mounting and Racking System
- 7.4. Tracking System
- 7.5. Storage System
- 7.6. Others
- 8. Global Solar Power Equipment Market, By Application (USD Million)
- 8.1. Global Solar Power Equipment Market Value Share and Forecast, By Application, 2024-2033
- 8.2. Residential
- 8.3. Commercial
- 8.4. Industrial
- 8.5. Utility
- 9. Global Solar Power Equipment Market Forecast, 2020-2033 (USD Million)
- 9.1. Global Solar Power Equipment Market Size and Market Share
- 10. Global Solar Power Equipment Market, By Product 2020-2033 (USD Million)
- 10.1. Global Solar Power Equipment Market Size and Market Share By Product (2020-2026)
- 10.2. Global Solar Power Equipment Market Size and Market Share By Product (2027-2033)
- 11. Global Solar Power Equipment Market, By Application, 2020-2033 (USD Million)
- 11.1. Global Solar Power Equipment Market Size and Market Share By Application (2020-2026)
- 11.2. Global Solar Power Equipment Market Size and Market Share By Application (2027-2033)
- 12. Global Solar Power Equipment Market, By Region, 2020-2033 (USD Million)
- 12.1. Global Solar Power Equipment Market Size and Market Share By Region (2020-2026)
- 12.2. Global Solar Power Equipment Market Size and Market Share By Region (2027-2033)
- 12.3. Asia-Pacific
- 12.3.1. Australia
- 12.3.2. China
- 12.3.3. India
- 12.3.4. Japan
- 12.3.5. South Korea
- 12.3.6. Rest of Asia-Pacific
- 12.4. Europe
- 12.4.1. France
- 12.4.2. Germany
- 12.4.3. Italy
- 12.4.4. Spain
- 12.4.5. United Kingdom
- 12.4.6. Rest of Europe
- 12.5. Middle East and Africa
- 12.5.1. Kingdom of Saudi Arabia
- 12.5.2. United Arab Emirates
- 12.5.3. Rest of Middle East & Africa
- 12.6. North America
- 12.6.1. Canada
- 12.6.2. Mexico
- 12.6.3. United States
- 12.7. Latin America
- 12.7.1. Argentina
- 12.7.2. Brazil
- 12.7.3. Rest of Latin America
- 13. Company Profile
- 13.1. ABB Group
- 13.1.1. Company details
- 13.1.2. Financial outlook
- 13.1.3. Product summary
- 13.1.4. Recent developments
- 13.2. Canadian Solar
- 13.2.1. Company details
- 13.2.2. Financial outlook
- 13.2.3. Product summary
- 13.2.4. Recent developments
- 13.3. First Solar Inc.
- 13.3.1. Company details
- 13.3.2. Financial outlook
- 13.3.3. Product summary
- 13.3.4. Recent developments
- 13.4. Hanwha Q CELLS
- 13.4.1. Company details
- 13.4.2. Financial outlook
- 13.4.3. Product summary
- 13.4.4. Recent developments
- 13.5. JA Solar
- 13.5.1. Company details
- 13.5.2. Financial outlook
- 13.5.3. Product summary
- 13.5.4. Recent developments
- 13.6. JinkoSolar
- 13.6.1. Company details
- 13.6.2. Financial outlook
- 13.6.3. Product summary
- 13.6.4. Recent developments
- 13.7. LONGi Solar
- 13.7.1. Company details
- 13.7.2. Financial outlook
- 13.7.3. Product summary
- 13.7.4. Recent developments
- 13.8. Shunfeng International
- 13.8.1. Company details
- 13.8.2. Financial outlook
- 13.8.3. Product summary
- 13.8.4. Recent developments
- 13.9. SunPower Corporation
- 13.9.1. Company details
- 13.9.2. Financial outlook
- 13.9.3. Product summary
- 13.9.4. Recent developments
- 13.10. Trina Solar
- 13.10.1. Company details
- 13.10.2. Financial outlook
- 13.10.3. Product summary
- 13.10.4. Recent developments
- 13.11. Others
- 14. List of Abbreviations
- 15. Reference Links
- 16. Conclusion
- 17. Research Scope
Research Assistance
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