Europe Solar Photovoltaic Panel Market Introduction and Overview
According to SPER Market Research, the Europe Solar Photovoltaic Panel Market is estimated to reach USD XX billion by 2033 with a CAGR of 8.6%.
The report includes an in-depth analysis of the Europe Solar Photovoltaic Panel Market, including market size and trends, product mix, distribution channels, and supplier analysis. An amazing tool that converts sunlight into electricity is the solar photovoltaic panel. These solar panels use sunlight to generate electricity, much like plants use it for photosynthesis, the process by which they produce food. Solar cells are the tiny building blocks that make up the panel. The capacity to transform sunlight into electrical energy is unique to each of these cells. The electrons within the cells are excited by sunlight and start to move around. And just like that, electrical current is produced by the movement of electrons. We are able to access electricity.
- Acquiring BeGreen, a prominent European developer of solar projects, was agreed to by Equinor in November 2022. Equinor's portfolio and skills in solar PV will be strengthened by the acquisition.
Market Opportunities and Challenges
Opportunities: The market has expanded as a result of factors like the region's growing demand for electricity and the European Union's goal of producing the majority of its electricity from renewable sources and becoming carbon neutral. The market for solar modules is growing as solar power generation receives more investment. Governments throughout the region have also adopted a variety of initiatives and policies. For example, the Feed-in Tariff (FIT) and the REPowerEU Plan are designed to encourage the installation of solar PV systems and are anticipated to generate significant opportunities for the market over the course of the forecast period.
Challenges: The primary challenge is that Europe's countries receive varying amounts of sunlight. Since solar panels require a lot of sunlight to generate electricity, it can be a little more difficult for them to operate effectively in certain locations due to a higher frequency of overcast or wet days. The initial cost of installing these solar panels is another difficulty. Consider how much it might cost up front if you wanted to purchase a really cool new toy. In a similar vein, installing solar panels can be somewhat pricey initially even though they save money over time.
Market Competitive Landscape
The solar photovoltaic (PV) market in Europe is not unified. The following are a few of the leading players in the market, not in any particular order: SunPower Corporation, Iberdrola S.A., Hanwha Q CELLS Technology Co., Ltd., JinkoSolar Holding Co., Ltd., and Lightsource BP Renewable Energy Investments Limited.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Connectivity, By Mounting, By End Use
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| Regions covered | Central Region, Southern Region, Northern Region. |
Companies Covered
| Centrotherm International AG, Électricité de France S.A. (EDF), Enel SpA, First Solar, Inc., Hanwha Q CELLS Technology Co., Ltd, Iberdrola, S.A, JinkoSolar Holding Co., Ltd, Lightsource bp Renewable Energy Investments Limited, SunPower Corporation, and others.
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COVID-19 Impact on Europe Solar Photovoltaic Panel Market
The COVID-19 pandemic lockdown led to a temporary ban on import and export as well as manufacturing and processing activities across a number of industries, which reduced demand for power equipment and hindered the market for solar PV panels. As a result, in 2020's second, third, and fourth quarters, market growth decreased. However, since COVID-19 vaccination has begun in a number of nations worldwide, which is anticipated to improve the situation globally, the market for solar photovoltaic (PV) panels is expected to recover.
Key Target Audience:
- Consumers
- Government and Regulatory Bodies
- Solar Industry Players
- Utilities and Energy Companies
Our in-depth analysis of the Europe Solar Photovoltaic Panel Market includes the following segments:
| By Connectivity: | On-GridOff-Grid |
| By Mounting: | Ground MountedRoof-Top |
| By End Use: | ResidentialCommercial & IndustrialUtility |
Key Topics Covered in the Report
- Europe Solar Photovoltaic Panel Market Size (FY’2023-FY’2033)
- Overview of Europe Solar Photovoltaic Panel Market
- Segmentation of Europe Solar Photovoltaic Panel Market By Connectivity (On-Grid, Off-Grid)
- Segmentation of Europe Solar Photovoltaic Panel Market By Mounting (Ground Mounted, Roof-Top)
- Segmentation of Europe Solar Photovoltaic Panel Market By End Use (Residential, Commercial & Industrial, Utility)
- Statistical Snap of Europe Solar Photovoltaic Panel Market
- Expansion Analysis of Europe Solar Photovoltaic Panel Market
- Problems and Obstacles in Europe Solar Photovoltaic Panel Market
- Competitive Landscape in the Europe Solar Photovoltaic Panel Market
- Impact of COVID-19 and Demonetization on Europe Solar Photovoltaic Panel Market
- Details on Current Investment in Europe Solar Photovoltaic Panel Market
- Competitive Analysis of Europe Solar Photovoltaic Panel Market
- Prominent Players in the Europe Solar Photovoltaic Panel Market
- SWOT Analysis of Europe Solar Photovoltaic Panel Market
- Europe Solar Photovoltaic Panel Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
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 Europe Solar Photovoltaic Panel 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. Europe Solar Photovoltaic Panel Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Europe Solar Photovoltaic Panel Market
7. Europe Solar Photovoltaic Panel Market, By Connectivity (USD Million)
7.1. Europe Solar Photovoltaic Panel Market Value Share and Forecast, By Connectivity, 2023-2033
7.2. On-Grid
7.3. Off-Grid
8. Europe Solar Photovoltaic Panel Market, By Mounting (USD Million)
8.1. Europe Solar Photovoltaic Panel Market Value Share and Forecast, By Mounting 2023-2033
8.2. Ground Mounted
8.3. Roof-Top
9. Europe Solar Photovoltaic Panel Market, By End Use (USD Million)
9.1. Europe Solar Photovoltaic Panel Market Value Share and Forecast, By End Use 2023-2033
9.2. Residential
9.3. Commercial & Industrial
9.4. Utility
10. Europe Solar Photovoltaic Panel Market Forecast, 2019-2033 (USD Million)
10.1. Europe Solar Photovoltaic Panel Market Size and Market Share
11. Europe Solar Photovoltaic Panel Market, By Connectivity, 2019-2033 (USD Million)
11.1. Europe Solar Photovoltaic Panel Market Size and Market Share By Connectivity (2019-2026)
11.2. Europe Solar Photovoltaic Panel Market Size and Market Share By Connectivity (2027-2033)
12. Europe Solar Photovoltaic Panel Market, By Mounting, 2019-2033 (USD Million)
12.1. Europe Solar Photovoltaic Panel Market Size and Market Share By Mounting (2019-2026)
12.2. Europe Solar Photovoltaic Panel Market Size and Market Share By Mounting (2027-2033)
13. Europe Solar Photovoltaic Panel Market, By End Use, 2019-2033 (USD Million)
13.1. Europe Solar Photovoltaic Panel Market Size and Market Share By End Use (2019-2026)
13.2. Europe Solar Photovoltaic Panel Market Size and Market Share By End Use (2027-2033)
14. Europe Solar Photovoltaic Panel Market, By Region, 2019-2033 (USD Million)
14.1. Europe Solar Photovoltaic Panel Market Size and Market Share By Region (2019-2026)
14.2. Europe Solar Photovoltaic Panel Market Size and Market Share By Region (2027-2033)
14.3. Central Region
14.4. Southern Region
14.5. Northern Region
15. Company Profile
15.1. Centrotherm International AG
15.1.1. Company details
15.1.2. Financial outlook
15.1.3. Product summary
15.1.4. Recent developments
15.2. Électricité de France S.A. (EDF)
15.2.1. Company details
15.2.2. Financial outlook
15.2.3. Product summary
15.2.4. Recent developments
15.3. Enel SpA
15.3.1. Company details
15.3.2. Financial outlook
15.3.3. Product summary
15.3.4. Recent developments
15.4. First Solar, Inc.
15.4.1. Company details
15.4.2. Financial outlook
15.4.3. Product summary
15.4.4. Recent developments
15.5. Hanwha Q CELLS Technology Co., Ltd
15.5.1. Company details
15.5.2. Financial outlook
15.5.3. Product summary
15.5.4. Recent developments
15.6. Iberdrola, S.A
15.6.1. Company details
15.6.2. Financial outlook
15.6.3. Product summary
15.6.4. Recent developments
15.7. JinkoSolar Holding Co., Ltd
15.7.1. Company details
15.7.2. Financial outlook
15.7.3. Product summary
15.7.4. Recent developments
15.8. Lightsource bp Renewable Energy Investments Limited.
15.8.1. Company details
15.8.2. Financial outlook
15.8.3. Product summary
15.8.4. Recent developments
15.9. SunPower Corporation
15.9.1. Company details
15.9.2. Financial outlook
15.9.3. Product summary
15.9.4. Recent developments
15.10. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
