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

The report titled “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” provides acomprehensive analysis of the Europe Solar Photovoltaic Panel Market. The report provides industry size basis revenue and value chain analysis, market segmentation based on Technology, Connectivity, Deployment, End User Segment, competition benchmarking, COVID impact, future projections and trends, drivers & challenges.  It also provides the market by Revenue of the major countries in the European region and also provides the country-level analysis based on the segments. It also provides inputs on major opportunities and potential strategies to gain from the market.

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Europe Solar Photovoltaic Panel Market Outlook, Drivers, and Challenges

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.

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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 

Time Period Captured in the Report:

• Historical Period: 2017-2021
• Forecast Period: 2022-2027F 

Companies Mentioned:

• Key Competitors 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.
  • SoliTek 

• Emerging Solar Photovoltaic Panel Companies in Europe
  • 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 

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

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.