Orion Market Research APAC SOLAR PANEL MARKET RESEARCH AND FORECAST 2018-2023
DEFINITION Solar panels are devices that absorb sunlight to generate electricity. It consists of crystalline silicon solar cells and enables to combat harmful greenhouse gas emissions. Hence, it is a clean source of energy.
MARKET MOTIVATORS • Environmental concern • Lack of oil and gas resources • Government as well as other big players are investing in the market • Demand for energy due to rise in population • Government incentives
MARKET RESTRAINTS • Competition with well-established oil and gas market • To fulfil the increasing energy demand • Lack of proper energy storage and energy transportation facility
MARKET OPPORTUNITIES • Emerging market such as India and China • No entry barrier for new entrants
MARKET SEGMENTATION BY END USER • Household sector • Industrial sector • Corporate sector • Other
MARKET PLAYERS • Canadian Solar, Inc. • First Solar, Inc. • Sharp Solar • Tata Power Solar Systems Ltd. • Trina Solar Ltd. To Be Continued……
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