Aug 31, 2022   SOURCE: BusinessWire

Europe Solar Photovoltaic Panel Market to Grow at 19% Annually Through 2027 - ResearchAndMarkets.com

The "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" report has been added to ResearchAndMarkets.com's offering.

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

  • Monocrystalline Silicon
  • Thin-Film
  • Polycrystalline Silicon
  • Others

Europe Solar Photovoltaic Panel Market By Connectivity

  • On-Grid
  • Off-Grid

Europe Solar Photovoltaic Panel Market By Deployment

  • Ground-Mounted
  • Rooftop Solar

Europe Solar Photovoltaic Panel Market By End User Segment

  • Residential
  • Commercial
  • Industrial
  • Utility

Europe Solar Photovoltaic Panel Market By Geography and Major Countries

  • Germany
  • Spain
  • The Netherlands
  • France
  • Poland

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
  • Utilities Departments
  • Solar Energy Research Organizations
  • Renewable Energy Research Organizations
  • Investment Funds
  • 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

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

Key Topics Covered:

1. Executive Summary

2. Market Overview and Key Trends Impacting Growth

3. Total Europe - Market Segmentation by Technology, Historic Growth, Outlook & Forecasts

4. Total Europe - Market Segmentation by Connectivity, Historic Growth, Outlook & Forecasts

5. Total Europe - Market Segmentation by Deployment, Historic Growth, Outlook & Forecasts

6. Total Europe Market Segmentation by End User Segment, Growth, Outlook & Forecasts

7. Industry/Competition Analysis - Competitive Landscape

8. Key Competitor Profiles

9. Geographic Analysis & Major Countries Market Historic Growth, Outlook and Forecasts

10. Industry Experts Opinions/Perspectives

11. Analyst Recommendations

12. Appendix

13. Disclaimer

14. Contact the Publisher

Companies Mentioned

  • Jinko Solar
  • Canadian Solar
  • First Solar
  • Hanwha Corporation
  • SHARP Corporation
  • Trina Solar
  • JA Solar Technology Co., Ltd
  • Photowatt
  • Solarwatt
  • Luxor Solar
  • Megasol Energy Ltd.
  • SoliTek
  • Soluxtec GmbH
  • AxSun Solar GmbH & Co. KG
  • aleo solar
  • Calyxo TS Solar GmbH
  • Onyx Solar Group LLC
  • SolarMente
  • Zytech Solar
  • 4solar
  • ARIENS SOLAR
  • Corab
  • Eolus
  • SOLEMS S.A.
  • beem-energy
  • Sillia Energia
  • VOLTEC solar

For more information about this report visit https://www.researchandmarkets.com/r/3lp5tj