Europe Solar Power Equipment Market Introduction and Overview
According to SPER Market Research, the Europe Solar Power Equipment Market is estimated to reach USD XX billion by 2033 with a CAGR of XX%.
The report includes an in-depth analysis of the Europe Solar Power Equipment Market, including market size and trends, product mix, distribution channels, and supplier analysis. Solar power equipment are used to capture solar radiation and transform it into electrical power for usage in the commercial, residential, utility, and industrial sectors. They are typically installed on rooftops or the ground. Systems that use solar energy to generate electricity are made up of a variety of parts that store and release the energy as needed.
Market Opportunities and Challenges
Opportunities: Numerous reasons are driving a variety of exciting opportunities in the European solar power equipment industry. due to environmental concerns and pledges to cut carbon emissions, renewable energy sources are becoming more and more important throughout the continent. As a result, there is an increasing need for solar power equipment as a sustainable and clean energy source. Furthermore, by promoting investments in solar infrastructure, favourable government policies and incentives like feed-in tariffs and subsidies help to further promote industry growth.
Challenges: The primary challenge is the unpredictable and inconsistent nature of solar energy production based on by atmospheric variables like clouds and seasonal variations, which can compromise the stability and dependability of solar power systems. Due to this intermittency, solar installations become more complex and expensive as efficient energy storage technologies must be developed to provide a steady supply of electricity. Even if the cost of installing solar power systems has decreased over time, there is still a challenge because of the large initial capital expenses.
Market Competitive Landscape
The Solar Power Equipment market in Europe is moderately consolidated. Some of the market key players are ABB Group, Canadian Solar Inc., First Solar, Inc., Hanwha Q CELLS Co., Ltd., JA Solar Holdings Co., Ltd., Jinko Solar Holding Co., Ltd., LONGi Green Energy Technology Co., Ltd., Shunfeng International Clean Energy Co., Ltd., SunPower Corporation, Trina Solar Co., Ltd., Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Equipment, By Application
|
| Regions covered | United Kingdom, Germany, Spain, France, Italy, Russia, Rest of Europe
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| Companies Covered | ABB Group, Canadian Solar Inc., First Solar, Inc., Hanwha Q CELLS Co., Ltd., JA Solar Holdings Co., Ltd., Jinko Solar Holding Co., Ltd., LONGi Green Energy Technology Co., Ltd., Shunfeng International Clean Energy Co., Ltd., SunPower Corporation, Trina Solar Co., Ltd., Others.
|
COVID-19 Impact on Europe Solar Power Equipment Market
The market for solar power equipment in Europe has been significantly impacted by the COVID-19 epidemic, which has brought up both opportunities and challenges. At the beginning of the pandemic, supply chains were disturbed, which caused delays in the purchase of solar equipment and components from production centers, mostly in Asia. This led to higher prices and delays for solar installations around the region. Timelines for development and installation were also delayed as a result of lockdown procedures and travel restrictions that hindered the deployment of solar projects and labor.
Key Target Audience:
- Residential Homeowners
- Commercial Businesses
- Industrial Sectors
- Government Institutions
- Educational Institutions
- Non-Profit Organizations
- Agricultural Enterprises
- Urban Developers
Our in-depth analysis of the Europe Solar Power Equipment Market includes the following segments:
| By Equipment: | Solar PanelsMounting, Racking, & Tracking SystemStorage SystemOthers |
| By Application: | ResidentialNon-residentialUtility |
| By Region: | United KingdomGermanySpainFranceItalyRussia |
Key Topics Covered in the Report:
- Europe Solar Power Equipment Market Size (FY’2024-FY’2033)
- Overview of Europe Solar Power Equipment Market
- Segmentation of Europe Solar Power Equipment Market By Equipment (Solar Panels, Mounting, Racking, & Tracking System, Storage System, Others)
- Segmentation of Europe Solar Power Equipment Market By Application (Residential, Non-residential, Utility)
- Expansion Analysis of Europe Solar Power Equipment Market
- Problems and Obstacles in Europe Solar Power Equipment Market
- Competitive Landscape in the Europe Solar Power Equipment Market
- Impact of COVID-19 and Demonetization on Europe Solar Power Equipment Market
- Details on Current Investment in Europe Solar Power Equipment Market
- Competitive Analysis of Europe Solar Power Equipment Market
- Prominent Players in the Europe Solar Power Equipment Market
- SWOT Analysis of Europe Solar Power Equipment Market
- Europe Solar Power Equipment Market Future Outlook and Projections (FY’2024-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 Power Equipment 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 Power Equipment Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Europe Solar Power Equipment Market
7. Europe Solar Power Equipment Market, By Equipment (USD Million)
7.1. Europe Solar Power Equipment Market Value Share and Forecast, By Equipment, 2024-2033
7.2. Solar Panels
7.3. Mounting, Racking, & Tracking System
7.4. Storage System
7.5. Others
8. Europe Solar Power Equipment Market, By Application (USD Million)
8.1. Europe Solar Power Equipment Market Value Share and Forecast, By Application, 2024-2033
8.2. Residential
8.3. Non-residential
8.4. Utility
9. Europe Solar Power Equipment Market Forecast, 2020-2033 (USD Million)
9.1. Europe Solar Power Equipment Market Size and Market Share
10. Europe Solar Power Equipment Market, By Equipment, 2020-2033 (USD Million)
10.1. Europe Solar Power Equipment Market Size and Market Share By Equipment (2020-2026)
10.2. Europe Solar Power Equipment Market Size and Market Share By Equipment (2027-2033)
11. Europe Solar Power Equipment Market, By Application, 2020-2033 (USD Million)
11.1. Europe Solar Power Equipment Market Size and Market Share By Application (2020-2026)
11.2. Europe Solar Power Equipment Market Size and Market Share By Application (2027-2033)
12. Europe Solar Power Equipment Market, By Region, 2020-2033 (USD Million)
12.1. Europe Solar Power Equipment Market Size and Market Share By Region (2020-2026)
12.2. Europe Solar Power Equipment Market Size and Market Share By Region (2027-2033)
12.3. United Kingdom
12.4. Germany
12.5. Spain
12.6. France
12.7. Italy
12.8. Russia
12.9. Rest of Europe
13. Company Profile
13.1. ABB Group
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments
13.2. Canadian Solar Inc.
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments
13.3. First Solar, Inc.
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments
13.4. Hanwha Q CELLS Co., Ltd.
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. JA Solar Holdings Co., Ltd.
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
13.6. Jinko Solar Holding Co., Ltd.
13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments
13.7. LONGi Green Energy Technology Co., Ltd.
13.7.1. Company details
13.7.2. Financial outlook
13.7.3. Product summary
13.7.4. Recent developments
13.8. Shunfeng International Clean Energy Co., Ltd.
13.8.1. Company details
13.8.2. Financial outlook
13.8.3. Product summary
13.8.4. Recent developments
13.9. SunPower Corporation
13.9.1. Company details
13.9.2. Financial outlook
13.9.3. Product summary
13.9.4. Recent developments
13.10. Trina Solar Co., Ltd.
13.10.1. Company details
13.10.2. Financial outlook
13.10.3. Product summary
13.10.4. Recent developments
13.11. Others
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. 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.
