Asia-Pacific Solar Panel & Coating Market - Industry Size, Opportunity, Growth, Demand, & Forecast To 2027

Asia-pacific Solar panel & Coating Market is anticipated to grow at a CAGR of more than 16% in terms of value during this forecasted period of 2027.

Featured Companies

  • 1. Waaree Energies Limited
  • 2. 3M Company
  • 3. LG Electronic
  • 4. Arkema S.A.
  • 5. Jinko Solar Holding Co., Limited
  • 6. Trina Solar Co., Limited
  • More...

The Asia-pacific region is one of the global leaders in manufacturing of solar panels and solar panel coating. Many countries in this region like India and Vietnam will be leading for deployment of solar panels. They have always maintained the dominance in this region. China is the global leader for solar panel manufacturing and making of various products. They have introduced new products with increase in efficiency of solar panels. Due to the huge demand of solar panel all over the world, China is one of the countries who export the product in large volumes. The growth of the solar panel market is growing due to the rise in favorable government regulations and incentives, also customers are more inclined towards the applications of sustainable energy. The rise in fossil fuels has made consumers have made aware and therefore this is also one of the factors which people are shifting into solar panel installations. Some of the solar panels have low efficiency and it has major concern. Companies are constantly doing research and investment which would give more efficiency rate in solar panels. There are three types of solar panels which consist of monocrystalline solar panel, polycrystalline solar panel and thin film solar panel. Polycrystalline solar panel is most demanded and leading in this Asia-pacific region with maximum market share. It is available in abundance and has better performance compared to other region. There are some companies Asia-pacific, they consistently worked on green energy and make some changes in order to decarbonize. It has been possible because of the solar energy has become cost-effective sources of new solar. According to the research report, “Asia-pacific Solar panel & Coating Market Outlook, 2027” published by Actual Research, the solar panel & coating market is anticipated to grow at a CAGR of more than 16% in terms of value during this forecasted period. Growing investment by major market players in the research and development of solar panel coating has impacted the market growth. New models of solar panels are made from a thin film solar panel technology which is used through coating of cadmium telluride in solar panels. This is termed to have higher efficiency and it has very little cost compared to other products in market. The market is expected to be utility market and includes the creation of electricity for large consumer base which is residential, industrial and for commercial purpose. The market is expected to increase at fast pace and will continue to dominate during the forecast period.

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Asia-Pacific dominates the market and is the largest and fastest-growing market in the animal growth promoters industry globally

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Blueleaf energy’s company is into development, finance, construction and operation of renewable energy and storage across asia-pacific. They develop and deliver high quality renewable energy project and at low price. Over the years they have operated over 2GW and in Asia-pacific 500 MW. This company is into several projects and delivers and gives their best in execution working with local partners. Generating of solar energy has become one of the important factor and to eliminate the use of other energy which causes pollution in environment. With producing more of solar energy, the challenges have arrived as to where the energy can be stored and transported. Storing in batteries has become more expensive and its maintenance is also high. Installing more of solar panels has also made more expensive. However, in recent times with rise in solar panel and generating of solar power have increased the economic condition for various counties like China and India and their environmental condition has also been improved. Lately we have seen that other countries are expanding their business and entering into Asia-pacific making the labor charges less and cost-effective. Some of the major companies in Asia-pacific region which are dominating all over the world are Risen energy (China), Azure Power (India), Enterprize Energy (Singapore), Pattern Group (Japan), Adani Group (India) and Invenergy (Japan). Asia-pacific is segmented based on solar panel type and end-user. For solar panel type, it consists of Monocrystalline solar panel, polycrystalline solar panel and thin film solar panel. Polycrystalline solar panel is considered to dominate in Asia-pacific region. This product is made metallurgical grade silicon and a chemical purification process. This is made through melting raw silicon and this is multi-crystalline panel. This panel have efficiency rate of 13-17%. It is most demanded due to availability in abundance, affordable and its life span is also long. In forecast period it will dominate. Now if we see segment on the basis of end-user, it consist of commercial, residential and Industrial. In Asia-pacific, the end user is dominated by commercial use. In 2016 it was around more than 30% and in its forecast period also it is going to dominate.

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Kripa Shah

Kripa Shah

Senior Analyst

Covid-19 Impact: In 2020, the pandemic was announced and first covid-19 case was detected in China. This had affected a lot in economic crisis. This leads to national lockdowns. Countries had to make lot of social distancing within and travel was banned. In 2020 the global solar panel was 133.8GW. There was massive disruption in supply chain and non-availability of labour due to travel restrictions. Total of $ 1 Trillion had impacted the economic and stock market had also crashed. Everything went so negative that there were lot of fluctuations in oil prices and demand for solar power was not in a good scenario. Major Companies present in the market: Risen energy, Azure Power, Enterprize Energy, Pattern Group, Adani Group and Invenergy Considered in this report: • Geography: Asia-pacific region • Historic year: 2016 • Base year: 2021 • Estimated year: 2022 • Forecasted year: 2027 Aspects covered in this report: • Asia-pacific Solar panel & Coating Market with its value and forecast along with its segments • Country wise Solar panel & Coating market analysis • Application wise Solar panel coating market distribution • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation

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Kripa Shah

Countries covered in the Report: • China • Japan • India • South Korea • Australia By application Solar panel type in the report: • Monocrystalline solar panel • Polycrystalline solar panel • Thin film solar panel Technical types of Solar panel Coating in the report: • Anti-Reflective • Hydrophobic • Self-cleaning • Anti-soiling • Anti-abrasion The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience: This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to solar panel & coating industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

Companies Mentioned

  • Waaree Energies Limited
  • 3M Company
  • LG Electronic
  • Arkema S.A.
  • Jinko Solar Holding Co., Limited
  • Trina Solar Co., Limited
  • Longi Green Energy Technology Co., Limited
  • JA Solar Technology Co., Limited
  • Canadian Solar Inc.
  • Sunpower Corporation
  • First Solar Inc.
  • Hanwha Q Cells Co. Limited
  • Risen Energy Co., Limited
  • GCL System Integration Technology Co. Limited
  • Jiangsu Shunfeng Photovoltaic Technology Co., Limited
  • Rec Solar Holdings AS
  • Wuxi Suntech Power Co., Limited
  • Koninklijke DSM N.V.
  • Optitune Oy
  • Diamon-Fusion International, Inc.
  • Fenzi SpA

Table of Contents

  • Table of Contents
  • 1. Executive Summary
  • 2. Report Methodology
  • 3. Market Structure
  • 3.1. Market Considerate
  • 3.2. Market Definition
  • 4. Economic /Demographic Snapshot
  • 5. Global Solar Panel Market Outlook
  • 5.1. Market Size By Value
  • 5.2. Market Share
  • 5.2.1. By Region
  • 5.2.2. By Panel Type
  • 5.2.3. By End User
  • 5.2.4. By Country
  • 5.2.5. By Company
  • 6. Global Solar Panel Coating Market Outlook
  • 6.1. Market Size By Value
  • 6.2. Market Share
  • 6.2.1. By Coating Type
  • 6.2.2. By Company
  • 7. Asia-Pacific Solar Panel Market Outlook
  • 7.1. Market Size By Value
  • 7.2. Market Share
  • 7.2.1. By Country
  • 7.2.2. By Panel Type
  • 7.2.3. By End User
  • 8. Asia-Pacific Solar Panel Coating Market Outlook
  • 8.1. Market Size By Value
  • 8.2. Market Share By Coating Type
  • 8.3. China Solar Panel Market Outlook
  • 8.3.1. Market Size By Value
  • 8.3.2. Market Share
  • 8.3.2.1. By Panel Type
  • 8.3.2.2. By End User
  • 8.4. China Solar Panel Coating Market Outlook
  • 8.5. Japan Solar Panel Market Outlook
  • 8.5.1. Market Size By Value
  • 8.5.2. Market Share
  • 8.5.2.1. By Panel Type
  • 8.5.2.2. By End User
  • 8.6. Japan Solar Panel Coating Market Outlook
  • 8.7. India Solar Panel Market Outlook
  • 8.7.1. Market Size By Value
  • 8.7.2. Market Share
  • 8.7.2.1. By Panel Type
  • 8.7.2.2. By End User
  • 8.8. India Solar Panel Coating Market Outlook
  • 8.9. South Korea Solar Panel Market Outlook
  • 8.9.1. Market Size By Value
  • 8.9.2. Market Share
  • 8.9.2.1. By Panel Type
  • 8.9.2.2. By End User
  • 8.10. South Korea Solar Panel Coating Market Outlook
  • 8.11. Australia Solar Panel Market Outlook
  • 8.11.1. Market Size By Value
  • 8.11.2. Market Share
  • 8.11.2.1. By Panel Type
  • 8.11.2.2. By End User
  • 8.12. Australia Solar Panel Coating Market Outlook
  • 9. Market Dynamics
  • 9.1. Key Drivers
  • 9.2. Key Challenges
  • 10. Market Trends and Developments
  • 10.1. XXXX
  • 10.2. XXXX
  • 10.3. XXXX
  • 10.4. XXXX
  • 10.5. XXXX
  • 11. Company Profiles (Solar Panel Market)
  • 11.1. Jinko Solar Holding Co., Limited
  • 11.2. Trina Solar Co., Limited
  • 11.3. Longi Green Energy Technology Co., Limited
  • 11.4. JA Solar Technology Co., Limited
  • 11.5. Canadian Solar Inc.
  • 11.6. Sunpower Corporation
  • 11.7. LG Electronics
  • 11.8. First Solar Inc.
  • 11.9. Hanwha Q Cells Co. Limited
  • 11.10. Waaree Energies Limited
  • 11.11. Risen Energy Co., Limited
  • 11.12. GCL System Integration Technology Co. Limited
  • 11.13. Jiangsu Shunfeng Photovoltaic Technology Co., Limited
  • 11.14. Rec Solar Holdings AS
  • 11.15. Wuxi Suntech Power Co., Limited
  • 12. Company Profiles (Solar Panel Coatings Market)
  • 12.1. Koninklijke DSM N.V.
  • 12.2. 3M Company
  • 12.3. Arkema S.A.
  • 12.4. Optitune Oy
  • 12.5. Diamon-Fusion International, Inc.
  • 12.6. FenziSpA
  • 13. Strategic Recommendations
  • 14. Disclaimer

List of Tables
Table 1: Top 10 Counties Economic Snapshot 2020
Table 2: Economic Snapshot of Other Prominent Countries 2020
Table 3: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 4: Global Solar Panel Market Share By Region (2016, 2021&2027F)
Table 5: Global Solar Panel Market Share By Country (2016, 2021&2027F)
Table 6: Global Solar Panel Market Share By Company (2020)
Table 7: Global Solar Panel Coating Market Share By Company (2020)
Table 8: Asia-Pacific Solar Panel Market Share By Country (2016, 2021 & 2027F)
Table 9: China Solar Panel Coating Market Size By Coating Type 2016 to 2027F (In USD Million)
Table 10: Japan Solar Panel Coating Market Size By Coating Type 2016 to 2027F (In USD Million)
Table 11: India Solar Panel Coating Market Size By Coating Type 2016 to 2027F (In USD Million)
Table 12: South Korea Solar Panel Coating Market Size By Coating Type 2016 to 2027F (In USD Million)
Table 13: Australia Solar Panel Coating Market Size By Coating Type 2016 to 2027F (In USD Million)
Table 14: Key Facts of Jinko Solar Holding Co., Limited
Table 15: Key Facts of Trina Solar Co., Limited
Table 16: Key Facts of Longi Green Energy Technology Co., Limited
Table 17: Key Facts of JA Solar Technology Co.,Limited
Table 18: Key Facts of Canadian Solar Inc.
Table 19: Key Facts of Sunpower Corporation
Table 20: Key Facts of LG Electronics
Table 21: Key Facts of First Solar Inc.
Table 22: Key Facts of Hanwha Q Cells Co. Limited
Table 23: Key Facts of Waaree Energies Limited
Table 24: Key Facts of Risen Energy Co., Limited
Table 25: Key Facts of GCL System Integration Technology Co. Limited
Table 26: Key Facts of Jiangsu Shunfeng Photovoltaic Technology Co., Limited
Table 27: Key Facts of Rec Solar Holdings AS
Table 28: Key Facts of Wuxi Suntech Power Co., Limited
Table 29: Key Facts of Koninklijke DSM N.V.
Table 30: Key Facts of 3M Company
Table 31: Key Facts of Arkema S.A.
Table 32: Key Facts of Optitune Oy
Table 33: Key Facts of Diamon-Fusion International, Inc.
Table 34: Key Facts of Fenzi SpA

List of Figures
Figure 1: Global Solar Panel Market Size By Value 2016 to 2027F (In USD Billion)
Figure 2: Global Solar Panel Market Share By Panel Type (2016, 2021 & 2027F)
Figure 3: Global Solar Panel Market Share By End User (2016, 2021 & 2027F)
Figure 4: Global Solar Panel Coating Market Size By Value 2016 to 2027F (In USD Billion)
Figure 5: Global Solar Panel Coating Market Share By Coating Type (2016, 2021 & 2027F)
Figure 6: Asia-Pacific Solar Panel Market Size By Value 2016 to 2027F (In USD Billion)
Figure 7: Asia-Pacific Solar Panel Market Share By Panel Type (2016, 2021 & 2027F)
Figure 8: Asia-Pacific Solar Panel Market Share By End User (2016, 2021 & 2027F)
Figure 9: Asia-Pacific Solar Panel Coating Market Size By Value 2016 to 2027F (In USD Billion)
Figure 10: Asia-Pacific Solar Panel Coating Market Share By Coating Type (2016, 2021 & 2027F)
Figure 11: China Solar Panel Market Size By Value 2016 to 2027F (In USD Billion)
Figure 12: China Solar Panel Market Share By Panel Type (2016, 2021 & 2027F)
Figure 13: China Solar Panel Market Share By End User (2016, 2021 & 2027F)
Figure 14: Japan Solar Panel Market Size By Value 2016 to 2027F (In USD Billion)
Figure 15: Japan Solar Panel Market Share By Panel Type (2016, 2021 & 2027F)
Figure 16: Japan Solar Panel Market Share By End User (2016, 2021 & 2027F)
Figure 17: India Solar Panel Market Size By Value 2016 to 2027F (In USD Billion)
Figure 18: India Solar Panel Market Share By Panel Type (2016, 2021 & 2027F)
Figure 19: India Solar Panel Market Share By End User (2016, 2021 & 2027F)
Figure 20: South Korea Solar Panel Market Size By Value 2016 to 2027F (In USD Billion)
Figure 21: South Korea Solar Panel Market Share By Panel Type (2016, 2021 & 2027F)
Figure 22: South Korea Solar Panel Market Share By End User (2016, 2021 & 2027F)
Figure 23: Australia Solar Panel Market Size By Value 2016 to 2027F (In USD Billion)
Figure 24: Australia Solar Panel Market Share By Panel Type (2016, 2021 & 2027F)
Figure 25: Australia Solar Panel Market Share By End User (2016, 2021 & 2027F)
Figure 26: Market Attractiveness Index, 2021
Figure 27: Market Attractiveness Index, 2027F
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Asia-Pacific Solar Panel & Coating Market - Industry Size, Opportunity, Growth, Demand, & Forecast To 2027

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