Envision Report

Published March 2, 2018

Europe Photovoltaic Market – Size, Outlook, Trends, and Forecasts (2018 – 2024)

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Photovoltaic cells are the type of cells which look similar to solar panels but they work in a different manner. Solar panels are used to produce hot water or steam. Photovoltaic panels convert the sunlight directly into electricity. A typical example of a device powered by photovoltaic cells is a solar-powered calculator. This type of device only needs a small amount of electrical power to work and can even be used in a room with artificial light. Although we see photovoltaic cells powering small devices such as calculators they have a more practical application especially in the third world. Photovoltaic cells have been developed to provide electrical power to pump drinking water from wells in remote villages. British Telecom has developed a system that can be used to power a radiotelephone system.

Europe Photovoltaic Market Report Segments Size & Growth:

Europe Photovoltaic Market size is projected to reach approximately $XX billion by the end of 2024 with a CAGR of close to XX% from $XX billion in 2017 during the forecast timeline 2018-2024. Key parameters promoting the market growth include increasing demand for solar systems in residential applications, the decline in the cost of the photovoltaic, and supportive government policies and initiatives. However, the high cost of installation, storage, and power conversion devices, and an inadequate number of certified installers are thereby hampering the market growth.

The drop in the photovoltaic cost is one of the major factors driving the market. In 2017, photovoltaic module prices reduced by 75%, as compared to that in 2009. The fall of cost can be mainly attributed to the improvement in material efficiency, production optimization, and economies of scale. Photovoltaic modules can be installed at the utility, commercial, and residential scales. Volatility in crude oil price, the environmental concern of hydropower, and risk of nuclear radiation accidents in nuclear power plants provide a great opportunity for solar power to meet the increasing demand of energy soon. This would, in turn, have a positive impact on the growth of Europe photovoltaic market.

Europe Photovoltaic Market Report Segments Share:

Europe Photovoltaic Market is categorized into a type which comprises of organic PV, and inorganic PV. On the basis of the component, the market is segmented into cells, optics, and trackers. On the basis of application, the market is segmented into residential applications, non-residential, and utility applications. Among them, the utility segment accounted for the largest market size in 2017 at 59% because of growing usage of photovoltaics in power plants, military applications, and other utility applications such as space & defense, industrial projects, and so on. On the basis of Geography, UK and Germany are projected to dominate the market with largest share and France has been the fastest growing region during the forecast period because of growth in the technological advancements, government regulations, and emerging markets. In addition, the increasing focus of players on the development of new products is likely to accelerate the growth of Europe in the next few years. The leaders in photovoltaic capacity per inhabitant were Germany and Belgium.

Europe Photovoltaic Market Report Trends:

  • SunPower company will be going to supply 291 MW of its high-efficiency solar panels to the projects awarded to the company in the second round of France’s CRE tender process.
  • Trina Solar has inaugurated the operation of its photovoltaic modules in a 455MW DC

solar power plant in Andhra Pradesh.

  • JinkoSolar Holdings Co. Ltd is going to supply polycrystalline photovoltaic panels to the first solar power plant in Armenia.

Europe Photovoltaic Market Report Research Report:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.

To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.

Regional and global diversity is analyzed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year

Identifying DROC in the current market and their impact in altering the market dynamics.

Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors.

Expertise investment opportunities by an analyst to the individual and organization to have a better foothold in the market.

The major market players, such as

  • Kaneka Corporation
  • Kyocera Corporation
  • Mitsubishi Electric Corporation
  • Panasonic Corporation
  • Canadian Solar Inc.

Along with these companies, there were many other companies considered/cited in the report while analyzing the Europe Photovoltaic market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.


Chapter 1 Introduction

1.1 Executive Summary

1.2 Market Definition

1.3 Scope of the Study

Chapter 2 Research Methodology

2.1 Secondary Research

2.2 Primary Research

2.3 Analytic Tools and Model

2.4 Economic Indicator

2.4.1 Base Year, Base Currency, Forecasting Period

2.5 Expert Validation

2.6 Study Timeline

Chapter 3 Market Analysis

3.1 Industry Value Chain Analysis

3.2Porter’s Five Force Analysis

3.2.1 Bargaining Power of Buyers

3.2.2 Bargaining Power of Suppliers

3.2.3 Threats of Substitutes

3.2.4 Threats of New Entrants

3.2.5 Industry Rivalry

3.3 PESTLE Analysis

3.3.1 Political

3.3.2 Economical

3.3.3 Social

3.3.4 Technological

3.3.5 Legal

3.3.6 Environmental

3.4 SWOT Analysis

3.4.1 Strengths

3.4.2 Weakness

3.4.3 Opportunities

3.4.4 Threats

3.5 Y-O-Y Analyses

Chapter 4 Market Dynamics

4.1. Drivers

4.1.1 Increasing Demand for Solar Systems in Residential Applications

4.1.2 Supportive Government Policies and initiatives

4.1.3 Decline in cost of the photovoltaic

4.2 Restraints

4.2.1 High Cost of installation, Storage, And Power Conversion Devices

4.2.2 Inadequate Number of Certified installers

4.3 Opportunities

4.3.1 Decreasing Costs of Solar Systems and Energy Storage Devices

4.3.2 Increasing Prices of Fossil Fuels

4.4 Challenges

4.4.1 Availability of Operational Land

Chapter 5 Europe Photovoltaic Market– By Type

5.1 Organic PV

5.2 Inorganic PV

Chapter 6 Europe Photovoltaic Market– By Component

6.1 Cells

6.1.1 Crystalline Silicon PV Cells Monocrystalline Silicon PV Cells Multicrystalline Silicon PV Cells

6.1.2 Thin Film PV Cells Amorphous Silicon (A-Si) Thin Film PV Cells Cadmium Telluride (CDTE) Thin Film PV Cells Copper indium (Gallium) Diselenide (Cis or Cigs) Thin Film PV Cells Other Thin Film PV Cells

6.3 Optics

6.4 Trackers

Chapter 7 Europe Photovoltaic Market- By Applications

7.1 Residential Applications

7.2 Non-Residential Applications

7.3 Utility Applications

7.3.1 Power Plants Applications

7.3.2 Military & Space Applications

Chapter 8 Europe Photovoltaic Market- By Geography

8.1 Introduction

8.2 U.K.

8.3 Germany

8.4 France

8.5 Italy

8.6 Spain

8.7 Rest of Europe

Chapter 9 Europe Photovoltaic Market- Company Profiles

9.1 Kaneka Corporation

9.2 Kyocera Corporation

9.3 Mitsubishi Electric Corporation

9.4. Panasonic Corporation

9.5 Sharp Corporation

9.6 Sunpower Company

9.7 Jinko Solar

9.8 China Sunergy

9.9 Suntech Power Holdings Co. Ltd

9.10 Trina Solar

9.11 Yingli Green

9.12 Canadian Solar Inc.

9.13 Bosch Solar Energy AG

9.14 BP Solar

9.15 Greenshine New Energy

Chapter 10 Europe Photovoltaic Market- Competitive Landscape

10.1. Market Share Analysis

10.2. Strategies Adopted by top companies

10.3. Mergers, Acquisitions, Collaborations & Agreements

Chapter 11 Market Insights

11.1. Industry Experts Insights

11.2. Analysts Opinions

11.3. Investment Opportunities

Chapter 12 Appendix

12.1 List of Tables

12.2 List of Figures








  • Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
  • Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
  • The Regional and Global Variety is taken care of in the report.
  • Year on Year basis generation of revenue is studied.
  • Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
  • The overview and the sustainability of the market are analyzed through SWOT.
  • DROC is recognized in the current market scenario and see how its effect on market dynamics.
  • The segment-level analysis in terms of type and technology.
  • The value chain analysis, value that's created and captured by a company is the profit margin.Value
  • Created and Captured – Cost of Creating that Value = Margin
  • An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
  • Basis on the depth of the study we approach using analytical tools
  • Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.


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