Over the five years to 2017, Solar Panel Manufacturing industry revenue has been growing at an annualized rate of 17.9% to total $38.4 billion. Over the same period, Chinese solar cell output has been increasing 20.1% per year, with an estimated output of 37.0 giga-watts (GW) in 2017.The Solar Panel Manufacturing industry in China has been developing quickly—except for in 2012 when revenue declined 40.8% due to significantly higher supply than demand. In 2011 and 2012, the industry faced the problems of excess production capacity and weak demand from Europe due to its sovereign debt crisis, which forced the government to issue a policy to limit production expansion...purchase to read more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22

Industry Report - Industry SWOT Analysis Chapter

From 2012 to 2022, value added for the Solar Panel Manufacturing industry has been growing at the annualized rate of 12.1%. In comparison, China's GDP is growing about 6.5% per year.In addition, the number of enterprises in this industry has been increasing at an annualized rate of 10.7% from 2012 to 2017. Over the next five years, new entrant growth will be slower at 5.7%, but still strong...purchase to read more.

Additional Insights for the Solar Panel Manufacturing Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Solar Panel Manufacturing Industry are

  • Ability to take advantage of government subsidies and other grants
  • Access to high quality inputs
  • Development of new products
  • IBISWorld analysts also discuss how external factors such as Downstream Demand - Electric Power Generation and Natural Resources and Environment - Pollution control and abatement in the Solar Panel Manufacturing industry impact industry performance..

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    What's in this report

    What is the Solar Panel Manufacturing Industry?

    Companies in this industry manufacture solar panels and intermediate products that are necessary for manufacturing solar panels.

    Industry Products
  • Polysilicon solar panels
  • Monocrystalline solar panels
  • Thin-film solar panels
  • Other solar panels
  • Industry Activities
  • Solar panel
  • Solar cell
  • Silicon wafer
  • Silicon
  • Silicon ingot
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Downstream Demand - Electric Power Generation
  • Natural Resources and Environment - Pollution control and abatement
  • Systems and Technology - by Industry
  • World price of steaming coal

  • Current Performance
    International trade
  • Chart: Revenue Growth

  • Industry Outlook
  • Table: Solar Panel Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Solar Panel Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Oil & Gas Drilling Support Services
  • Transport, Storage and Post
  • Telecommunication and Other Information Transmission
  • Solar Power Generation

  • Key Selling Industries
  • Electrical Equipment and Machinery Manufacturing
  • Industrial Electrical Equipment Manufacturing

  • Products & Services
  • Polysilicon solar panels
  • Monocrystalline solar panels
  • Thin-film solar panels
  • Other solar panels
  • Chart: Solar Panel Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
  • Government assistance
  • Economic development
  • Environmental concerns
  • Exchange rate

  • Major Markets
  • Solar energy power generators
  • Exports
  • Other
  • Chart: Major Market Segmentation for the Solar Panel Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation and other expenses
  • Chart: Cost Structure Benchmarking – Sector vs Solar Panel Manufacturing

  • Basis of Competition
  • Price
  • Economies of scale
  • Technology
  • Product quality
  • After-sales service
  • Distribution channels
  • Availability of raw materials

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Solar Panel Manufacturing Industry

  • Industry Globalization
    Fortune Solar Holdings Limited, Canadian Solar Inc., JA Solar Holdings Co. Ltd., Shunfeng International Clean Energy Ltd., Yingli Green Energy Holding Company Limited,
  • Table: Fortune Solar Holdings Limited - financial performance
  • Table: Canadian Solar Inc. - financial performance
  • Table: JA Solar Holdings Co. Ltd. - financial performance
  • Table: Shunfeng International Clean Energy Ltd. - financial performance
  • Table: Yingli Green Energy Holding Company Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Solar Panel Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Solar Panel Manufacturing Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Total Assets (2008-2022)
  • Output of Solar Cells (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Conversion Efficiency Rate
  • A measure of the percentage of light energy from the sun that a cell can convert into electrical energy.
  • Feed-In-Tariff Policy
  • In effect, an industry subsidy. Requires that government purchase renewable power at prices at above market rate.
  • Giga-Watt (Gw)
  • A unit of power used for large power plants or grids. Equivalent to 1,000 mega-watts (MW).
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Solar Panel Manufacturing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Solar Panel Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Solar Panel Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Solar Panel Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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