Thursday 16 April 2015, Amsterdam
The report recognizes the following companies as the key players in the Global Solar Panels Market: Canadian Solar Inc., First Solar Inc., JinkoSolar Co. Ltd., Sharp Corp., Suntech Power Holdings Co. Ltd., Trina Solar Ltd. and Yingli Green Energy Holding Co. Ltd
Other Prominent Vendors in the market are: Bosch Solar Energy, Hanwha SolarOne, JA Solar Holdings, LDK Solar, Panasonic and SolarWorld.
The report said: “One key trend emerging in this market is the increase in solar energy storage facilities. Development of these facilities influences many vendors to invest more in solar energy projects as this energy can be used during power outages.”
According to the report, increased solar energy consumption is one of the key drivers, which is expected to elevate the demand for solar panels during the forecast period. Increased awareness of the benefits of solar energy has resulted in higher production of solar panels. Moreover, the increased costs of fossil fuels have also led to increased investment in solar power.
Further, the report states that low conversion efficiency is one of the key challenges that the market faces. The energy conversion rate from solar panels is low, which affects the overall power generation of any solar power plant. With low energy generation, the profit margin of the operator will decline, which will discourage further investment in the industry.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.