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Asia Pacific (APAC) Solar Energy Market Outlook 2024: Opportunity Assessment And Demand Analysis, Market Forecast, 2016-2024

Published on: Sep 2017 | From USD $2500 | Published By: GOLDSTEIN RESEARCH | Number Of Pages: 195

Asia Pacific Solar Energy Market Outlook
Market Overview
Solar energy is induction from sun in the form of solar emission that is extracted from various technologies. Solar energy is used for many purposes such as cooking, heating buildings and generating electricity. Solar energy is also called heat trapper as it is automatic heat chaser which is also non mechanical. Solar panel, solar heater and solar cooker are some of the devices of solar energy.
Largest region in solar energy market is Asia Pacific. Asia Pacific has dominated the global solar energy market by around 35% market share in 2016.China is the biggest contributing country in Asia Pacific. China has dominated the market with more than 11.09 GW installations due to increase in non prevalent energy prices. Following China, Japan is the second contributing country in Asia Pacific solar energy market.
In former days, world’s biggest power plant was set up in India named Kamuthi solar park in Kamuthi, Tamil Nadu owned by Adani Power in order to provide electricity to population residing nearby and several other facilities. The solar park is set up in 2,500 acre land.
Major factor that drives Asia Pacific Solar energy market is that government is taking initiatives to promote renewable energy sources. Recently Asia Development Bank has invested USD 110 million to encourage solar power developer in private sectors. However, economic slowdown in various countries of Asia Pacific is the major restraint that can curtail the growth of Asia Pacific solar energy market.
Market Segmentation
• On the basis of generation
o First generation
o Second generation
o Third generation
• On the basis of solar module
o Monocrystalline silicon cells
o Polycrystalline silicon cells
o Cadmium telluride silicon cells
o Amorphous silicon cells
o Others
• On the basis of technology
o Photovoltaic cells
? Inorganic cell
? Organic cells
o Concentrated solar power plant
? parabolic troughs
? Solar power towers
? Others
• On the basis of application
o Agriculture & horticulture
o Transportation
o Architecture
o Others.
• On the basis of region
o South east Asia ( Philippines, Singapore, Thailand and rest of South east Asia) {Market Share (%), Market Size (USD Billion)
o East Asia (China, Japan, Korea and rest of East Asia) {Market Share (%), Market Size (USD Billion)
o South Asia (India, Nepal, Bhutan and rest of South Asia) {Market Share (%), Market Size (USD Billion)
o Melanesia (Solomon island and rest of Melanesia) {Market Share (%), Market Size (USD Billion)
o Polynesia (Hawaii, Australia and rest of Polynesia) {Market Share (%), Market Size (USD Billion)
Market Size and Forecast (2016-2024)
Global solar energy market is expected to reach USD 430.2 billion by 2024 from USD 95.2 billion in 2016 at a CAGR of 25.01% over the forecast period in which Asia Pacific solar energy market has acquired 35% share of global solar energy market. Market value of Asia Pacific solar energy market is USD 33.33 billion in 2016 and is anticipated to reach at USD 150.5 billion by 2024 at a CAGR of 15.8% over the forecast period.
On the basis of solar module, monocrystalline silicon cell has dominated the segment because of use of solar module in residential applications. Monocrystalline silicon cell dominated the solar energy market with 40% share till 2016. Monocrystalline silicon cell has the market value of USD 13.33 billion in 2016 and is expected to reach at a value of USD 60.2 billion by 2024.
On the basis of generation, first generation solar energy market has dominated the segment because of constant use of photovoltaic cell. They are used to generate electric power. Photovoltaic cell is used with monocrystalline silicon cell to increase the demand of first generation solar energy market.
On the basis of countries, China is the biggest contributing country in Asia Pacific. China has dominated the market with more than 11.09 GW installations due to increase in non prevalent energy prices. Japan is the second largest contributing country following China.
Key Trends and Growth Drivers
Cost of operating solar power project is very low, initiatives taken by government to promote solar power, fluctuation in price of silver which is major raw material in solar module and reduced prices of solar modules in some countries of Asia Pacific are the major growth drivers that drive the demand of solar energy in Asia Pacific.
Market Restraints
Since solar energy market is an emerging market so cut throat competition among key players of solar energy market, lack of trust in population regarding solar energy, high prices of devices and economical slowdown of various countries in Asia Pacific are the major restraints by which growth of solar energy market is affected.
Key Market Players
• Age Power Solution
o Synopsis
o Business Strategy
o Product Portfolio
o SWOT Analysis
• Canadian Solar
• First Solar
• Huawei Technologies
• JA Solar
• Kyocera
• Omron Corporation
• Power-One Micro System Pvt. Ltd.
• SMA
• Sungrow Power Supply Co. Ltd
• Tabuchi Electric Co. Ltd
• Tmeic
• Trina Solar
• Xiamen Kehua Hengsheng Co. Ltd
• Yingli Sola
.Scope Background
Market Synopsis
Market Segmentation
The Asia Pacific solar energy market is segmented as follows:
• On the basis of generation (Market Size, Demand Analysis and Growth Analysis)
• On the basis of solar module (Market Size, Demand Analysis and Growth Analysis)
• On the basis of technology (Market Size, Demand Analysis and Growth Analysis)
• On the basis of application (Market Size, Demand Analysis and Growth Analysis)
Asia Pacific Market Report covered insights of below mentioned regions:

• South east Asia( Philippines, Singapore, Thailand and rest of South east Asia) {Market Size and Growth Analysis and Opportunity Analysis}
• East Asia (China, Japan, Korea and rest of East Asia) {Market Size and Growth Analysis and Opportunity Analysis}
• South Asia (India, Nepal, Bhutan and rest of South Asia) {Market Size and Growth Analysis and Opportunity Analysis}
• Melanesia (Solomon island and rest of Melanesia) {Market Size and Growth Analysis and Opportunity Analysis}
• Polynesia (Hawaii, Australia and rest of Polynesia) {Market Size and Growth Analysis and Opportunity Analysis}

Market Dynamics: Growth Drivers, Restraints and Opportunities
• Risk Factors
• Regional Variations
• Recent Trends and Developments
Key Market Players
• Synopsis
• Business Strategy
• Product Portfolio
• SWOT Analysis
Porter’s Five Force Model
Market Landscape: Competition and Beyond
Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem
Expert Analysis
Concluding Remarks

Source: - Goldstein Research






Table of Contents
1. Executive Summary
2. Research Methodology
3. Regional Opportunity Analysis on the basis of Competitors
4. Asia Pacific (APAC) Solar Energy Market Size (USD Billion) and Forecast Analysis, 2016-2024
5. Market Dynamics: Growth Drivers, Restraints and Opportunities
5.1. Risk Factors
5.2. Regional Variations
5.3. Recent Trends and Developments
6. Asia Pacific (APAC) Solar Energy Market Segmentation
6.1. Asia Pacific (APAC) Solar Energy Market By Generation (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
6.1.1. Adoption Rate (%)of Asia Pacific (APAC) Solar Energy Market by Generation
6.1.2. First Generation (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
6.1.3. Second Generation (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
6.1.4. Third Generation (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
6.1.5. Market Attractiveness of Asia Pacific (APAC) Solar Energy Market by Generation
6.1.6. BPS Analysis of Asia Pacific (APAC) Solar Energy Market by Generation
6.2. Asia Pacific (APAC) Solar Energy Market By Solar Module (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
6.2.1. Adoption Rate (%)of Asia Pacific (APAC) Solar Energy Market by Solar Module
6.2.2. Monocrystalline silicon cells (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
6.2.3. Polycrystalline silicon cells (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
6.2.4. Cadmium telluride silicon cells (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
6.2.5. Amorphous silicon cells (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
6.2.6. Others (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
6.2.7. Market Attractiveness of Asia Pacific (APAC) Solar Energy Market by Solar Module
6.2.8. BPS Analysis of Asia Pacific (APAC) Solar Energy Market by Solar Module
6.3. Asia Pacific (APAC) Solar Energy Market By Technology (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
6.3.1. Adoption Rate (%) Asia Pacific (APAC) Solar Energy Market by Technology
6.3.2. Photovoltaic cells (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
6.3.2.1. Inorganic cells (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
6.3.2.2. Organic cells (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
6.3.3. Concentrated solar power plant (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
6.3.3.1. parabolic troughs (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
6.3.3.2. Solar power towers (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
6.3.3.3. Others (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
6.3.4. Market Attractiveness of Asia Pacific (APAC) Solar Energy Market by Technology
6.3.5. BPS Analysis Asia Pacific (APAC) Solar Energy Market by Technology
6.4. Asia Pacific (APAC) Solar Energy Market By Application (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
6.4.1. Adoption Rate (%) Asia Pacific (APAC) Solar Energy Market by Application
6.4.2. Agriculture and Horticulture (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
6.4.3. Transportation (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
6.4.4. Architecture (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
6.4.5. Others (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
6.4.6. Market Attractiveness of Asia Pacific (APAC) Solar Energy Market by Application
6.4.7. BPS Analysis Asia Pacific (APAC) Solar Energy Market by Application
6.5. Asia Pacific (APAC) Solar Energy Market By Region (Market Share (%) & Y-o-Y Growth Comparison, 2016-2024)
6.5.1. Adoption Rate (%) Asia Pacific (APAC) Solar Energy Market by Region
6.5.2. South east Asia ( Philippines, Singapore, Thailand and rest of South east Asia) Solar Energy Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
6.5.3. East Asia (China, Japan, Korea and rest of East Asia) Solar Energy Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
6.5.4. South Asia (India, Nepal, Bhutan and rest of South Asia) Solar Energy Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
6.5.5. Melanesia (Solomon island and rest of Melanesia) Solar Energy Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
6.5.6. Polynesia (Hawaii, Australia and rest of Polynesia) Solar Energy Market ((Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
6.5.7. Market Attractiveness of Asia Pacific (APAC) Solar Energy Market by Region
6.5.8. BPS Analysis Asia Pacific (APAC) Solar Energy Market by Region
7. Competitive Outlook
7.1. Market Share of Major Players (2016)
7.2. Company Profiles
7.2.1. Age Power Solution
7.2.1.1. Company Synopsis
7.2.1.2. Business Strategy
7.2.1.3. Product Portfolio
7.2.1.4. SWOT Analysis
7.2.2. Canadian Solar
7.2.3. First Solar
7.2.4. Huawei Technologies
7.2.5. JA Solar
7.2.6. Kyocera
7.2.7. Omron Corporation
7.2.8. Power-One Micro System Pvt. Ltd.
7.2.9. SMA
7.2.10. Sungrow Power Supply Co. Ltd
7.2.11. Tabuchi Electric Co. Ltd
7.2.12. Tmeic
7.2.13. Trina Solar
7.2.14. Xiamen Kehua Hengsheng Co. Ltd
7.2.15. Yingli Sola
8. PorterΒ’s Five Force Model
9. Market Landscape: Competition and Beyond
10. Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem
11. Expert Analysis
12. Concluding Remarks

SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.

REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

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