Switzerland Solar Energy Market Introduction and Overview
According to SPER Market Research, the Switzerland Solar Energy Market is estimated to reach USD 487.12 billion by 2033 with a CAGR of 7.01%.
The report includes an in-depth analysis of the Switzerland Solar Energy Market, including market size and trends, product mix, applications, and supplier analysis. Solar energy is defined as the radiant light and heat released by the sun, which are harnessed using a variety of ever-changing technologies such as solar panels, photovoltaic cells, and solar thermal systems. This form of energy is abundant, renewable, and a key component in the transition to more sustainable energy systems. Solar energy is one of the purest kinds of energy because it does not emit greenhouse gases or pollution during the generation process, making it an important response to climate change. One of the primary benefits of solar energy is that it is almost limitless. The amount of solar radiation that reaches Earth in a single hour might possibly cover the world's energy demands for a year.
- June 2024: Manchester City Football Club has signed a multiyear global agreement with JinkoSolar. JinkoSolar is now the club's Official Solar Energy Partner, promoting solar energy and helping the club achieve its carbon net zero goals.
- May 2024: Recurrent Energy, a subsidiary of Canadian Solar Inc. and a global developer and owner of solar and energy storage assets, announced the signing of a significant multi-currency agreement for the building of renewable energy projects in multiple European countries.
Market Opportunities and Challenges
Opportunities- Several main reasons are driving growth in the Swiss solar energy market, reflecting both local and global trends. Switzerland has established a number of helpful policies to increase solar energy use. The Swiss Federal Council's Energy Strategy 2050 prioritizes renewable energy, with solar power playing a major role. Feed-in tariffs, tax refunds, and subsidies, especially through "RUE tenders," encourage the installation of both modest and large-scale solar projects. These schemes provide subsidies that cover the majority of installation expenses, greatly reducing the financial strain on businesses and homes. Another significant factor is the integration of solar energy and electric mobility. Solar-powered EV charging stations are becoming more popular in Switzerland, contributing to the country's overall effort to reduce transportation-related emissions.
Challenges- While the Switzerland's solar energy market has enormous development potential, it confronts some critical challenges that may hinder its rise. One of the main difficulties is grid integration. As solar photovoltaic (PV) installations grow, the electrical infrastructure must be modified to accommodate the changing power supply from solar sources. Without large infrastructure investments, controlling these intermittent energy sources becomes problematic, particularly during peak sunshine hours or when solar output is low. Switzerland's mountainous terrain worsens the situation, making system expansion and energy storage complex and expensive. Another issue is seasonal energy fluctuations. Switzerland's lengthy winters and scarce sunlight make solar energy production difficult. The country mainly depends on hydroelectricity, but the mismatch between solar energy production in summer and high electricity demand in winter generates a need for better energy storage options or additional energy sources, such as wind power.
Market Competitive Landscape
The Switzerland Solar Energy Market is a highly competitive arena due to the presence of multiple global and regional companies in the competitive environment. Leading companies in the industry are Jinkosolar Holding Co. Ltd, Trina Solar Co. Ltd, Swiss Solar, Solaronix S.A., Apak Energy Sagl, Soltop Energie AG, Alpiq Holding AG, Axpo Holding AG, Sunage S.A..
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 Technology, By Solar Module, By End Use
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| Regions covered | Zurich, Espace Mittelland, Lake Geneva Region, Northwestern Switzerland, Eastern Switzerland, Central Switzerland, Ticino, Rest of Switzerland.
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| Companies Covered | Jinkosolar Holding Co. Ltd, Trina Solar Co. Ltd, Swiss Solar, Solaronix S.A., Apak Energy Sagl, Soltop Energie AG, Alpiq Holding AG, Axpo Holding AG, Sunage S.A..
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COVID-19 Impact on Switzerland Solar Energy Market
The COVID-19 epidemic had both direct and indirect consequences on Switzerland's solar energy market, which proved more resilient than expected. The main effects occurred in the early months of 2020, when global supply systems were disrupted. Switzerland, like many other nations, buys solar panels and components from large manufacturers in countries like as China, therefore delays in the arrival of critical equipment slowed project installations. Some solar energy projects were postponed or delayed, especially in the early half of the year. In terms of financing, utility-scale solar projects suffered a drop in new financial investments worldwide, which impacted Swiss projects to some extent.
Key Target Audience:
- Residential Homeowners
- Commercial and Industrial Businesses
- Municipalities and Local Governments
- Utility Companies
- Real Estate Developers
- Investors and Financial Institutions
- Solar Equipment Manufacturers and Suppliers
- Energy Consultants and Installers
- Non- Governmental Organizations (NGOs)
Our in-depth analysis of the Switzerland Solar Energy Market includes the following segments:
| By Technology: | Solar Photovoltaic (PV) Concentrated Solar Power (CSP) |
| By Solar Module: | Polycrystalline Monocrystalline Amorphous Silicon Cells Cadmium TellurideOthers |
| By End Use: | ResidentialCommercialIndustrial |
Key Topics Covered in the Report:
- Switzerland Solar Energy Market Size (FY’2024-FY’2033)
- Overview of Switzerland Solar Energy Market
- Segmentation of Switzerland Solar Energy Market by Technology (Solar Photovoltaic (PV), Concentrated Solar Power (CSP))
- Segmentation of Switzerland Solar Energy Market by Solar Module (Polycrystalline, Monocrystalline, Amorphous Silicon Cells, Cadmium Telluride, Others)
- Segmentation of Switzerland Solar Energy Market by End Use (Residential, Commercial, Industrial)
- Statistical Snap of Switzerland Solar Energy Market
- Expansion Analysis of Switzerland Solar Energy Market
- Problems and Obstacles in Switzerland Solar Energy Market
- Competitive Landscape Switzerland Solar Energy Market
- Impact of COVID-19 and Demonetization on Switzerland Solar Energy Market
- Details on Current Investment in Switzerland Solar Energy Market
- Competitive Analysis of Switzerland Solar Energy Market
- Prominent Players in the Switzerland Solar Energy Market
- SWOT Analysis of Switzerland Solar Energy Market
- Switzerland Solar Energy 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 Switzerland Solar Energy 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. Switzerland Solar Energy Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Switzerland Solar Energy Market
7. Switzerland Solar Energy Market, By Technology (USD Million) 2020-2033
7.1. Switzerland Solar Energy Market Size, Share and Forecast, By Technology, 2020-2026
7.2. Switzerland Solar Energy Market Size, Share and Forecast, By Technology, 2027-2033
7.3. Solar Photovoltaic (PV)
7.4. Concentrated Solar Power (CSP)
8. Switzerland Solar Energy Market, By Solar Module (USD Million) 2020-2033
8.1. Switzerland Solar Energy Market Size, Share and Forecast, By Solar Module, 2020-2026
8.2. Switzerland Solar Energy Market Size, Share and Forecast, By Solar Module, 2027-2033
8.3. Polycrystalline
8.4. Monocrystalline
8.5. Amorphous Silicon Cells
8.6. Cadmium Telluride
8.7. Others
9. Switzerland Solar Energy Market, By End Use (USD Million) 2020-2033
9.1. Switzerland Solar Energy Market Size, Share and Forecast, By End Use, 2020-2026
9.2. Switzerland Solar Energy Market Size, Share and Forecast, By End Use, 2027-2033
9.3. Residential
9.4. Commercial
9.5. Industrial
10. Switzerland Solar Energy Market Forecast, 2020-2033 (USD Million)
10.1. Switzerland Solar Energy Market Forecast Size and Market Share
11. Switzerland Solar Energy Market Forecast, By Region, 2020-2033 (USD Million)
11.1. Switzerland Solar Energy Market Forecast Size and Market Share By Region (2020-2026)
11.2. Switzerland Solar Energy Market Forecast Size and Market Share By Region (2027-2033)
11.3. Switzerland
11.3.1. Zurich
11.3.2. Espace Mittelland
11.3.3. Lake Geneva Region
11.3.4. Northwestern Switzerland
11.3.5. Eastern Switzerland
11.3.6. Central Switzerland
11.3.7. Ticino
11.3.8. Rest of Switzerland
12. Company Profile
12.1. JINKOSOLAR HOLDING CO. LTD
12.1.1. Company details
12.1.2. Financial outlook
12.1.3. Product summary
12.1.4. Recent developments
12.2. TRINA SOLAR CO. LTD
12.2.1. Company details
12.2.2. Financial outlook
12.2.3. Product summary
12.2.4. Recent developments
12.3. SWISS SOLAR
12.3.1. Company details
12.3.2. Financial outlook
12.3.3. Product summary
12.3.4. Recent developments
12.4. SOLARONIX S.A.
12.4.1. Company details
12.4.2. Financial outlook
12.4.3. Product summary
12.4.4. Recent developments
12.5. APAK ENERGY SAGL
12.5.1. Company details
12.5.2. Financial outlook
12.5.3. Product summary
12.5.4. Recent developments
12.6. SOLTOP ENERGIE AG
12.6.1. Company details
12.6.2. Financial outlook
12.6.3. Product summary
12.6.4. Recent developments
12.7. ALPIQ HOLDING AG
12.7.1. Company details
12.7.2. Financial outlook
12.7.3. Product summary
12.7.4. Recent developments
12.8. AXPO HOLDING AG
12.8.1. Company details
12.8.2. Financial outlook
12.8.3. Product summary
12.8.4. Recent developments
12.9. SUNAGE S.A.
12.9.1. Company details
12.9.2. Financial outlook
12.9.3. Product summary
12.9.4. Recent developments
12.10. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links
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.
