Industry Analysis & Industry Trends
The Solar Panel Manufacturing industry experienced significant volatility over the past five years. Generous government tax credits for energy efficiency initially stimulated downstream demand from consumers, businesses, manufacturers and solar power producers, while government assistance helped industry operators expand production capacity. However, in the five years to 2019, intensifying international competition and waning demand will cripple revenue... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Solar Panel Manufacturing industry is declining. Industry value added, which measures an industry's contribution to the economy, is forecast to fall at an average annual rate of 14.3% in the 10 years to 2020. During the same period, US GDP is projected to grow at an annualized rate of 2.5%. As a result, this industry's importance to the overall economy is rapidly falling, indicating a declining industry.
While government assistance to industry manufacturers and downstream customers has fueled the growth of solar power, most gains have been made in solar installation and solar power generation. Domestic manufacturers have performed poorly due to competition from imports, especially those from China. As a result, companies are anticipated to exit this industry... purchase to read more