Light growth: Heavy import penetration to hamper industry revenue growth

The Solar Panel Manufacturing industry market report contains data and analysis of the most influential current and future trends shaping the industry. IBISWorld’s in-depth industry market research is presented in a logical, user-friendly format, and provides growth and profit forecasts for a five-year outlook period.


Industry Threats & Opportunities

  • High import competition has been the primary threat to the industry over the five-year period
  • Even with tariffs against Chinese manufacturers in place, the value of imports has risen
  • Increased government initiatives will help spur demand from downstream customers

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    Industry Analysis & Industry Trends

    The Solar Panel Manufacturing industry has experienced only modest growth over the five years to 2017. The industry has been plagued by high competition from low-cost Asian manufacturers and an appreciating US dollar, while the volatile prices of natural gas and steaming coal have decreased the cost of other forms of energy and shifted demand away from solar energy. Over the five years to 2022, the industry is expected to continue its modest growth due to increased demand for solar panels and cells. This projected rise in demand is expected to be the result of government programs, including an increase in the number of states with renewable portfolio standards...

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    Industry Report - Industry Investment Chapter

    This industry has a low level of capital intensity. While a significant percentage of the manufacturing process is automated, skilled labor is also needed to assemble panels and operate software and machinery. For example, workers are required to cut protective glass that covers solar panels. Nonetheless, production facilities and manufacturing equipment are very expensive. Many industry players also heavily invest in research and development, which further increases capital expenses for testing machinery and equipment. It also requires skilled researchers that push up the average industry wage. However, falling prices and import competition have caused companies to scale down operations and reduce facility expansions. Thi..

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    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
  • Development of new products
  • Ability to comply with environmental regulations
  • IBISWorld analysts also discuss how external factors such as Trade-weighted index and Electric power consumption in the Solar Panel Manufacturing industry impact industry performance..

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    Industry Products

    What is the Solar Panel Manufacturing Industry?

    Operators in this industry manufacture solar panels and solar cells and supply these products to solar panel installers and downstream residential, commercial and utility customers. This industry does not include solar cells or solar panels manufactured abroad by US companies.

    Industry Products
    Silicon modules and cells
    Thin-film modules and cells
    Other modules and cells
    Industry Activities
    Manufacture solar panels
    Manufacture solar cells

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Trade-weighted index
  • Electric power consumption
  • Price of natural gas
  • World price of steaming coal

  • Current Performance
  • International trade
  • Profit on the rise
  • Chart: Revenue Growth

  • Industry Outlook
  • Trade competition decreases
  • Increased focus on solar power
  • Table: Solar Panel Manufacturing Industry Revenue Outlook

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

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Industrial Building Construction
  • Solar Power
  • Commercial Building Construction
  • Housing Developers

  • Key Selling Industries
  • Electrical Equipment Manufacturing
  • Inorganic Chemical Manufacturing
  • Semiconductor & Circuit Manufacturing
  • Semiconductor Machinery Manufacturing

  • Products & Services
  • Silicon modules and cells
  • Thin-film modules and cells
  • Other modules and cells
  • Chart: Solar Panel Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
  • Government programs
  • Commodity prices
  • International trade

  • Major Markets
  • Commercial
  • Electric power utilities
  • Residential
  • Exports
  • Industrial
  • Chart: Major Market Segmentation for the Solar Panel Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesDepreciationRent and utilitiesOther
  • Chart: Cost Structure Benchmarking – Sector vs Solar Panel Manufacturing

  • Basis of Competition
    External competitionInternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Solar Panel Manufacturing Industry

  • Industry Globalization
    Major Companies
    First Solar Inc.
  • Table: First Solar Inc. - financial performance

  • Operating Conditions
    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
    Key Statistics
    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)
  • Trade-weighted Index (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Jargon & Glossary
  • The percentage of solar energy that the solar panel converts to electric energy.
  • Kilowatt-Hour (Kwh)
  • A unit of energy measurement, equal to one kilowatt expended more than one hour.
  • Megawatt
  • An energy measurement equal to 1,000 kilowatts, or the equivalent of 200 households of energy.
  • Power System
  • A complete solar power generation system that includes solar panels, power converters and interconnections for other equipment.
  • Renewable Portfolio Standards (Rps)
  • A governmental mandate to increase the portion of energy generated from renewable resources such as solar, wind, biomass and other alternatives to fossil fuels and nuclear power generation.
  • Renewables
  • A term that refers to all renewable energy technology.
  • Wafer
  • A thin slice of silicon or other semiconductor material that is assembled into solar cells.
  • Why buy this report?

    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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