Germany solar panel market is estimated to grow considerably, at a CAGR of around 15.3%, during the forecast period. Germany has a considerable market share in the global solar panel market, due to increasing environmental issues and a rise in the adoption of solar panel technology for an eco-friendly environment. Germany is the largest European trading partner of the US and the sixth-largest market for the export of goods to the US as per Export.gov. In terms of installations, Germany witnessed a total installation of 45,277 MW in 2018. It witnessed a growth of around 6% as compared to 2017 as per the International Renewable Energy Agency. As the overall solar panel installation increases, it is expected to create opportunities for the growth of the market in the future. The nation's largest solar farms are in Meuro, Neuhardenberg, and Templin, with capacities 166 MW. On the other hand, as expensive peak power plants are relocated, the price at the power exchange is reduced due to the so-called merit order effect. In April 2015, Germany set a world record for solar power production with 25.8 GW produced.

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The solar panel market is segmented on the basis of solar panel technology and end-user. Based on solar panel technology, the market is segmented into monocrystalline silicon solar panel, polycrystalline silicon solar panel, thin-film solar panel, and others. Among these, the polycrystalline silicon solar panel contributes a significant share in the market, attributed to its advantages over other solar panels such as cost-effective and better efficiency. Based on end-user, the market is segmented into the household sector and the corporate sector. The corporate sector held a substantial share in the market in 2018. This is due to the high installation of solar panels in the corporate sector consisting of government projects and industrial general electricity applications.

The companies which are contributing to the growth of the Germany solar panel market include SCHOTT AG, Juwi Holding AG, IBC Solar AG, centrotherm international AG, and aleo (SAS Group). The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market. 

Research Methodology

The market study of the Germany solar panel market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis of market size, various services offered by the players, and market opportunity. The report will serve as a source for 360-degree analysis of the market delivering insights for making better business decisions.

Market Segmentation

1. Germany Solar Panel Market Research and Analysis by Technology

2. Germany Solar Panel Market Research and Analysis by End-User

The Report Covers

• Comprehensive research methodology of the Germany solar panel market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Germany solar panel market.
• Insights about market determinants which are stimulating the Germany solar panel market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.