Asia Pacific Solar Energy Market Outlook, 2015-2020

 Published On: Nov, 2015 |    No of Pages: 200 |  Published By: BIS Research | Format: PDF
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Being one of the most abundantly available renewable energy resources in the Asia Pacific regions, solar energy is now witnessing tremendous growth potential in. The increasing focus on sustainable development along with the motto of reducing carbon and green house gas emissions is primarily acting as an impetus for the adoption of solar energy.

Solar energy has significantly changed from being an alternative source of energy to a form of mainstream energy source used for power generation. This is visible due to the increasing reliance on solar energy owing to the recent development, following the likes of encouraging government incentives and declining costs of photovoltaic equipment in the Asian countries. The primary reason behind the growing popularity of the solar energy diversity is in the ways of harnessing various forms of solar energy using variety of technologies such as PV cell, thermal heating, and concentrated solar power technology.

The report on “Asia-Pacific Solar Market” covers all these technologies, analyzed qualitatively and quantitatively. The qualitative data focuses on the market dynamic, trends, and developments in the solar energy sector while the quantitative data provides the information of the market statistics in terms of capacity, generation, and revenue. Moreover, the report puts special emphasis on thermal solar heating and solar PV technology, describing their ecosystem and applications individually.

In the market overview chapter, the report talks about the evolution of solar energy along with investment analysis, and the dynamics of the solar market. The market dynamics highlights the key drivers and restraining forces all along certain untapped opportunities of this market. The report also provides a comprehensive section of the key consortiums and the authorities with their role in governing laws for solar energy sector.

The competitive insight offers a descriptive study on the impact of the Porter’s five forces on the solar energy industry. It provides the readers with an adequate understanding of the current status of the market by using the main factors of the five forces, alongside presenting detailed information on existing competitors as well as new competition in the market. The chapter also winds up the market share analysis of top players on the basis of revenue.

The solar market is segmented by application and by geography in the report including the major countries in the APAC region. The application chapter fragments the uses of solar electricity in the utility scale, residential, and commercial segment. The major countries covered in geography chapter of APAC are China, India, Japan, and Australia among others.

Owing to the increasing environmental concerns and associated regulations with regard to the deployment of solar energy, this sector is expanding at a double digit growth rate, with China acquiring the largest market. With an equipment market worth $11.19 billion in 2014 in China, the solar PV sector is expected to reach cumulative installed capacity of 143 GW through the forecast period from 2015-2020. India, now expected to be growing at the fastest CAGR, is anticipated to hold a total market of worth 4.71 billion by 2020.

The key questions answered in the report are:-

• What are the technologies used to harness the solar radiation?
• What are the key drivers pushing the market growth of solar energy in APAC region?
• What are the major challenges faced against the proliferation of solar generation in APAC region?
• What are the potential opportunities of the solar power market along with the competition?
• How are the new regulations and laws governing the solar market?
• Who is the main governing body formulating the laws for solar energy sector?
• Which region of APAC is leading in solar PV production?
• What are the major applications of solar energy market?
• Which country will be having the highest growth rate by the end of the forecast period?

Renewable energy possesses a vast expanse of untapped market potential, and irrespective of its abundant availability, it is yet to achieve a wide scale adoption among both government and private bodies. The solar energy market (PV and solar thermal) has gained significant traction in the recent past, and is anticipated to attain almost 265GW and 568GWth of cumulative capacity by 2020 for solar PV and solar thermal respectively. The market expansion within the APAC region is primarily attributed to the rising energy demand in developing countries and the advancement in technologies, which enable higher degree of energy efficiency.

In the year 2015, the total installed capacity is expected to be 29.32 GW with more than 8 GW of new installation in the same year itself.  Moreover, the new installations are estimated to grow at a decent rate reaching 37.97 GW by the end of the forecast period. This further puts the country closer to achieve the goal of sustainable development, whilst keeping in mind the pace of economical growth.  

The countries covered in the report boast of climatic conditions favorable enough for harnessing solar energy, which acts as a major boosting factor for driving the market in APAC region. While China has dominated the overall market in terms of capacity, generation, and revenue, India will be the fastest growing country in the remaining of this decade. The government support towards the adoption of solar energy in the form of policies and incentive schemes is another big factor impelling the solar energy market. However, the high installation cost of solar modules acts as a key restraint in the overall market growth.  

Sustainable harnessing of solar radiation using various technologies available in the market makes solar energy one of the most potential alternatives as compared to the conventional sources of energy such as fossil fuels. The most widely used technologies include:  solar PV, solar thermal heating and concentrated solar power technology.

The Solar Photo Voltaic (PV) Market Estimation and Forecast chapter is the result of comprehensive and rigorous research of solar PV ecosystem and the generation capacity of the PV cells. The analysis has identified that while Solar PV modules were the largest revenue generating segment in 2014, the growth rate will be rather low for solar PV inverters. The market growth for inverters is anticipated to be steady in the next five years, rising at a CAGR of 2.13%. The application market identifies the split of different applications by countries, concluding that while countries like China and India had a dominant share of utility scale solar PV installations, Australia and Japan had considerable share in the residential and commercial segment respectively. In terms of revenue, utility scale contributed approximately $10.69 billion in 2014 and commercial application will be growing at a CAGR of 13.20% from 2015 to 2020 and grow over $16.91 billion by 2020.

Among the countries in APAC, China has the largest market share in solar PV energy segment reaching the cumulative capacity of 27.81 GW in 2014 and is expected to achieve over 143 GW of cumulative installed capacity by 2020. India will be growing at the fastest CAGR through the forecast period to a reach a cumulative capacity over 35 GW by 2020. The other countries covered in the report are South Korea, Thailand, Indonesia, Philippines, Pakistan, and Malaysia among others. The companies dominating the solar energy market such as Yingly Solar, Trina Solar, Kyocera, and First Solar among others, are profiled in the report.
1 REPORT OVERVIEW
1.1 REPORT SCOPE & COVERAGE
1.2 RESEARCH METHODOLOGY
1..2.1 ASSUMPTIONS & LIMITATIONS
1.3 REPORT DESCRIPTION

2 EXECUTIVE SUMMARY

3 MARKET OVERVIEW
3.1 INTRODUCTION TO SOLAR ENERGY  
3.2 TRANSITION FROM CONVENTIONAL ENERGY SOURCES TO RENEWABLE ENERGY AND SUSTAINABLE DEVELOPMENT
3.3 MARKET DYNAMICS
3.3.1 MARKET DRIVERS
3.2.2 MARKET CHALLENGES
3.2.3 MARKET OPPORTUNITIES
3.4 INVESTMENT ANALYSIS

4 COMPETITIVE INSIGHTS
4.1 PORTER’S FIVE FORCES ANALYSIS
4.1.1 THREAT OF NEW ENTRANTS  
4.1.2 BARGAINING POWER OF BUYERS  
4.1.3 BARGAINING POWER OF SUPPLIERS
4.1.4 THREAT OF SUBSTITUTES
4.1.5 INTENSITY OF COMPETITIVE RIVALRY
4.2 MARKET SHARE ANALYSIS OF TOP PV MODULE PLAYERS

5 KEY CONSORTIUMS & ALLIANCES  
5.1 INTERNATIONAL RENEWABLE ENERGY AGENCY
5.2 RENEWABLE ENERGY POLICY NETWORK FOR 21ST CENTURY
5.3 INTERNATIONAL ENERGY AGENCY
5.4 INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY LTD
5.5 CLEAN ENERGY COUNCIL
5.6 NATIONAL ENERGY ADMINISTRATION
5.7 ECONOMIC AND SOCIAL COMMISSION FOR ASIA AND THE PACIFIC

6 APAC SOLAR PHOTOVOLTAIC (PV) MARKET CAPACITY, GENERATION, AND REVENUE  
6.1 INTRODUCTION TO SOLAR PV SYSTEM
6.1.1 APAC SOLAR PV CAPACITY STATISTICS
6.1.2 APAC SOLAR PV GENERATION STATIS
6.1.3 APAC SOLAR PV REVENUE STATISTICS
6.1.4 APAC SOLAR PV EQUIPMENT MARKET STATISTICS
6.2 SOLAR PV MODULE
6.2.1 SOLAR PV EQUIPMENT MARKET STATISTICS
6.2.2 SOLAR PV MODULE CELL TYPE
6.2.3 SOLAR PV CELL TYPE MARKET STATISTICS
6.3 SOLAR PV INVERTERS
6.3.1 SOLAR PV INVERTERS MARKET STATISTICS
6.3.2 SOLAR PV INVERTER TYPES
6.3.2.1 SOLAR PV INVERTERS MARKET STATISTICS FOR MICRO AND SINGLE-PHASE INVERTERS
6.3.3 SOLAR PV THREE PHASE INVERTERS
6.3.3.1 SOLAR PV INVERTERS MARKET STATISTICS FOR THREE-PHASE INVERTERS
6.4 SOLAR PV ENERGY STORAGE MARKET
6.4.1 SOLAR PV ENERGY STORAGE MARKET STATISTICS

7 APAC CONCENTRATED SOLAR POWER MARKET
7.1 CONCENTRATED SOLAR POWER MARKET OVERVIEW  

8 APAC SOLAR THERMAL HEATING MARKET
8.1 INTRODUCTION TO SOLAR THERMAL HEATING
8.2 SOLAR THERMAL HEATING MARKET BY COLLECTOR TYPE
8.2.1 SOLAR THERMAL HEATING MARKET STATISTICS BY COLLECTOR TYPE
8.3 SOLAR THERMAL HEATING APPLICATION MARKET
8.3.1 SOLAR THERMAL HEATING APPLICATION MARKET STATISTICS
8.4 SOLAR THERMAL HEATING MARKET, BY GEOGRAPHY
8.4.1 CHINA SOLAR THERMAL HEATING MARKET
8.4.2 INDIA SOLAR THERMAL HEATING MARKET
8.4.3 AUSTRALIA SOLAR THERMAL HEATING MARKET
8.4.4 JAPAN SOLAR THERMAL HEATING MARKET
8.4.5 SOLAR THERMAL HEATING MARKET STATISTICS, BY GEOGRAPHY

9 APAC SOLAR PV MARKET, BY APPLICATION
9.1 INTRODUCTION
9.1.1 APAC SOLAR PV APPLICATION MARKET STATISTICS
9.2 UTILITY APPLICATION
9.2.1 UTILITY APPLICATION MARKET STATISTICS
9.3 COMMERCIAL APPLICATION AND MARKET STATISTICS
9.4 RESIDENTIAL  APPLICATION AND MARKET STATISTICS

10 APAC SOLAR ENERGY MARKET, BY GEOGRAPHY
10.1 INTRODUCTION
10.1.1 MARKET STATISTICS (CAPACITY & GENERATION)    
10.1.2 MARKET STATISTICS (REVENUE)    
10.2 SOLAR PV MARKET IN CHINA
10.2.1 MARKET DYNAMICS
10.2.2 KEY RENEWABLE ENERGY POLICIES AND PROGRAMS
10.2.3 CHINA  SOLAR PV MARKET STATISTICS
10.3 SOLAR PV MARKET IN JAPAN
10.3.1 MARKET DYNAMICS
10.3.2 KEY RENEWABLE ENERGY POLICIES AND PROGRAMS
10.3.3 JAPAN  SOLAR PV MARKET STATISTICS
10.4 SOLAR PV MARKET IN INDIA
10.4.1 MARKET DYNAMICS
10.4.2 KEY RENEWABLE ENERGY POLICIES IN INDIA
10.4.3 STATE WISE RENEWABLE ENERGY POLICES IN INDIA
10.4.4 STATE WISE SOLAR PV INSTALLED CAPACITY
10.4.5 INDIA SOLAR PV MARKET STATISTICS
10.5 SOLAR PV MARKET IN AUSTRALIA
10.5.1 MARKET DYNAMICS
10.5.2 RENEWABLE ENERGY POLICIES IN AUSTRALIA
10.5.3 CUMULATIVE SOLAR PV CAPACITY BY STATE
10.5.4 AUSTRALIA SOLAR PV MARKET STATISTICS
10.6 APAC OTHERS SOLAR PV MARKET
10.6.1 SOLAR ENERGY MARKET STATISTICS FOR OTHER APAC COUNTRIES

11 KEY PLAYERS MARKET PROFILES
11.1 CANADIAN SOLAR
11.1.1 COMPANY OVERVIEW
11.1.2  FINANCIALS
11.1.3  RECENT DEVELOPMENT
11.1.4  ANALYST INSIGHT
11.2 FIRST SOLAR
11.2.1 COMPANY OVERVIEW
11.2.1 FINANCIALS
11.2.3 RECENT DEVELOPMENT
11.2.4 ANALYST INSIGHT
11.3 JA SOLAR
11.3.1  COMPANY OVERVIEW
11.3.2 FINANCIALS
11.3.3 RECENT DEVELOPMENT
11.3.4 ANALYST INSIGHT
11.4 KYOCERA
11.4.1  COMPANY OVERVIEW
11.4.2  FINANCIALS
11.4.3  RECENT DEVELOPMENT
11.4.4 ANALYST INSIGHT
11.5 TRINA SOLAR
11.5.1 COMPANY OVERVIEW
11.5.2 FINANCIALS
11.5.3 RECENT DEVELOPMENT
11.5.4  ANALYST INSIGHT
11.6 YINGLI SOLAR
11.6.1 COMPANY OVERVIEW
11.6.2 FINANCIALS
11.6.3 RECENT DEVELOPMENT
11.6.4  ANALYST INSIGHT
11.7 AGE POWER SOLUTION
11.7.1  COMPANY OVERVIEW
11.8 HUAWEI TECHNOLOGIES
11.8.1  COMPANY OVERVIEW
11.9 OMRON CORPORATION
11.9.1 COMPANY OVERVIEW
11.1 POWER-ONE MICRO SYSTEM PVT. LTD.
11.10.1  COMPANY OVERVIEW
11.11 SMA
11.11.1 COMPANY OVERVIEW
11.12 SUNGROW POWER SUPPLY CO., LTD
11.12.1 COMPANY OVERVIEW
11.13 TABUCHI ELECTRIC  CO., LTD  
11.13.1  COMPANY OVERVIEW
11.14 TMEIC
11.14.1 COMPANY OVERVIEW
11.15 XIAMEN KEHUA HENGSHENG CO., LTD  
11.15.1 COMPANY OVERVIEW
11.16 LIST OF OTHER KEY PLAYERS

12 APPENDIX
12.1 DATASOURCES KEY
12.2 LIST OF OTHER KEY PLAYERS
 
LIST OF FIGURES AND TABLES

1 RESEARCH METHODOLOGY PARAMETERS
2 APAC SOLAR PV CAPACITY AND GENERATION STATISTICS, 2015-2020
3 APAC SOLAR PV EQUIPMENT MARKET VALUE ($ BILLION), 2015-2020
4 RENEWABLE VS NON-RENEWABLE ENERGY SOURCES
5 AN EXAMPLE OF A HYBRID SYSTEM
6 INVESTMENT ANALYSIS FOR APAC SOLAR ENERGY MARKET ($ BILLION), 2010-2015
7 APAC SOLAR ENERGY INVESTMENT ($ BILLION), 2010-2015
8 THE THREAT OF NEW ENTRANTS
9 BARGAINING POWER OF BUYERS
10 BARGAINING POWER OF SUPPLIERS
11 THREAT OF SUBSTITUTES
12 INTENSITY OF COMPETITIVE RIVALRY
13 INTENSITY OF COMPETITIVE RIVALRY
14 LAYOUT OF A PV SYSTEM
15 ON-GRID AND OFF-GRID SYSTEMS
16 APAC SOLAR PV CUMULATIVE CAPACITY (GW), 2015-2020
17 APAC SOLAR PV NEW CAPACITY (GW), 2015-2020
18 APAC SOLAR PV ELECTRICITY GENERATION (TWh), 2015-2020
19 APAC SOLAR PV ELECTRICITY GENERATION (TWh) GEOGRAPHY MIX-2015
20 APAC SOLAR PV EQUIPMENT MARKET VALUE ($ Billion), 2015-2020
21 APAC SOLAR PVMARKET VALUE ($ Billion)-By Equipment, 2015
22 APAC SOLAR PV EQUIPMENT MARKET VALUE ($ Billion)-GEOGRAPHY MIX, 2015
23 APAC SOLAR PV MARKET VALUE ($ Billion), By  EQUIPMENT TYPE, 2015-2020
24 APAC SOLAR PV MEQUIPMENT MARKET VALUE ($ Billion), GEOGRAPHY MIX, 2015-2020
25 CHALLENGES WITH SOLAR PV MODULE IN CHINA
26 APAC SOLAR PV MODULE MARKET VALUE ($ Billion), By Country, 2015-2020
27 MONO VS POLY-CRYTALLINE SOLAR CELL
28 THIN FILM SOLAR PV CELL TYPES
29 APAC SOLAR PV MODULE MARKET VALUE ($ Billion), By Cell Type, 2015-2020
30 APAC THIN FILM SOLAR PV MODULE MARKET VALUE ($ Billion), By TECHNOLOGY, 2015-2020
31 APAC SOLAR PV INVERTERS MARKET VALUE ($ Billion), By Country, 2015-2020
32 LAYOUT OF MICRO INVERTERS
33 FEATURES OF SINGLE PHASE SOLAR PV INVERTERS
34 APAC SOLAR PV MICRO-INVERTER MARKET VALUE ($ Million), 2015-2020
35 APAC SOLAR PV SINGLE-PHASE MARKET VALUE ($ Million), 2015-2020
36 CLASSIFICATION OF 3-PHASE INVERTERS BY POWER CLASS
37 APAC SOLAR PV THREE-PHASE INVERTER MARKET VALUE ($ Million), By POWER CLASS, 2015-2020
38 COMPARISON BETWEEN LEAD ACID AND LITHIUM ION  BATTERIES
39 APAC SOLAR  PV ENERGY STORAGE MARKET VALUE ($ Million), By COUNTRY, 2015-2020
40 APAC SOLAR PV ENERGY STORAGE MARKET VALUE ($ Billion), By CONNECTION TYPE, 2015-2020
41 KEY CSP TECHNOLOGIES
42 DIFFERENT TYPES OF COLLECTORS FOR SOLAR THERMAL HEATING
43 APAC SOLAR THERMAL HEATING MARKET CAPACITY (GWth) and COLLECTOR YIELD (TWh), BY COLLECTOR TYPE, 2015-2020
44 LAYOUT OF A SOLAR COMBI SYSTEM
45 APAC SOLAR THERMAL HEATING MARKET CAPACITY (GWth),  BY APPLICATION, 2015-2020
46 APAC SOLAR THERMAL HEATING CUMULATIVE INSTALLED CAPACITY (GWth), BY COUNTRY, 2015-2020
47 APAC SOLAR THERMAL HEATING COLLECTOR YIELD (TWh), BY COUNTRY, 2015-2020
48 UTILITY, RESIDENTIAL, AND COMMERCIAL SOLAR PV INSTALLATIONS
49 APAC SOLAR PV CUMULATIVE CAPACITY (GW),  BY APPLICATION, 2015-2020
50 APAC SOLAR PV ELECTRICITY GENERATION (TWh), BY APPLICATION 2015-2020
51 APAC SOLAR PV MARKET VALUE ($ BILLION), BY APPLICATION, 2015-2020
52 ADVANTAGES & DISADVANTAGES OF UTILITY SOLAR PV INSTALLATIONS
53 EXAMPLES OF POLICIES BENIFITTING THE UTILITY SCALE SOLAR PV PLANTS
54 APAC UTILITY SOLAR PV CUMULATIVE CAPACITY (GW), BY COUNTRY, 2015-2020
55 APAC UTILITY SOLAR PV ELECTRICITY GENERATION (TWh), BY COUNTRY, 2015-2020
56 APAC UTILITY SOLAR PV REVENUE ($ BILLION), BY COUNTRY, 2015-2020
57 APAC COMMERCIAL SOLAR PV CUMULATIVE CAPACITY (GW), BY COUNTRY, 2015-2020
58 APAC COMMERCIAL SOLAR PV ELECTRICITY GENERATION (TWh), BY COUNTRY, 2015-2020
59 PROS & CONS OF COMMERCIAL SOLAR PV INSTALLATION
60 APAC COMMERCIAL SOLAR PV MARKET VALUE ($ Billion)), BY COUNTRY, 2015-2020
61 APAC RESIDENTIAL SOLAR PV CUMULATIVE CAPACITY (GW), BY COUNTRY, 2015-2020
62 APAC RESIDENTIAL SOLAR PV ELECTRICITY GENERATION (TWh), BY COUNTRY, 2015-2020
63 ADVANTAGES OF RESIDENTIAL SOLAR PV SYSTEMS  
64 APAC  RESIDENTIAL SOLAR PV MARKET VALUE ($ BILLION), BY COUNTRY, 2015-2020
65 APAC SOLAR PV CUMULATIVE CAPACITY (GW), 2015-2020
66 APAC SOLAR PV ELECTRICITY GENERATION (TWh), 2015-2020
67 APAC SOLAR PV MARKET VALUE GEOGRAPHICAL SPLIT ($ BILLION), 2015-2020
68 MARKET DYNAMICS FOR CHINA SOLAR ENERGY MARKET
69 CHINA SOLAR PV EQUIPMENT MARKET VALUE($ Billion), 2015-2020
70 MARKET DYNAMICS FOR JAPAN SOLAR ENERGY MARKET
71 JAPAN SOLAR PV EQUIPMENT MARKET VALUE ($ BILLION), 2015-2020
72 JAPAN SOLAR PV EQUIPMENT MARKET VALUE ($ BILLION), BY APPLICATION, 2015-2020
73 MARKET DYNAMICS FOR INDIA SOLAR ENERGY MARKET
74 KEY RENEWABLE ENERGY POLICIES IN INDIA
75 INDIA SOLAR PV EQUIPMENT MARKET  VALUE ($ Billion), 2015-2020
76 INDIA SOLAR PV EQUIPMENT MARKET VALUE ($ Billion), By APPLICATION, 2015-2020
77 MARKET DYNAMICS FOR AUSTRALIA SOLAR ENERGY MARKET
78 AUSTRALIA SOLAR PV CUMULATIVE CAPACITY(GW),  BY APPLIATION, 2015-2020
79 AUSTRALIA SOLAR PV ELECTRICITY GENERATIOM(TWh), BY APPLIATION, 2015-2020
80 APAC  OTHERS SOLAR PV EQUIPMENT MARKET VALUE ($ BILLION), 2015-2020

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