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The Switzerland solar energy market size was approximately 2.06 TWh in 2023. The market is assessed to grow at a CAGR of 3.5% between 2024 and 2032, reaching a volume of approximately 2.81 TWh by 2032.
The solar energy is a renewable energy that can be used to generate electricity while lowering greenhouse gas emissions. It is estimated that the amount of energy/solar radiation received by the earth in one hour is more than the energy consumed by the global population in one year. By exploiting this natural resource, businesses and households can diversify their energy sources and significantly cut down on electricity bills.
Based on technology, the market is segmented into solar photovoltaic (PV) and concentrated solar power (CSP). On the basis of solar module, the market can be divided into polycrystalline, monocrystalline, amorphous silicon cells, and cadmium telluride, among others. The market segmentation, based on end-use, includes residential, commercial, and industrial.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Switzerland solar energy market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
Concentrated Solar Power (CSP) is expected to account for a significant share of the market because of its benefits like ability to collect and store large amounts of energy by way of TES (thermal energy storage) at comparatively lower costs, and the ability to complement PV systems and other energy sources. Concentrated solar power systems are relatively cheaper than nuclear and hydropower plants to operate and maintain. They have the potential to continuously generate and store electricity (in the form of molten salts), which makes them a suitable addition to the nation’s energy mix for ensuring energy security. They can also play a key role in controlling climate change as they use the earth’s natural resources and do not cause harmful emissions to escape into the atmosphere.
As per the Switzerland solar energy market analysis, monocrystalline solar modules are expected to witness a significant growth in demand during the forecast period. This is because they possess an efficiency range of 15-20% and their distinctive dark colour blends easily with shingles and foliage. They are well-suited for installation in areas that receive lesser sunlight and do not require much space.
The demand for cadmium telluride solar modules is also expected to increase because of their flexible and lightweight nature which makes them easily portable. They can be produced quickly and at a considerably lower cost compared to silicon based solar panels.
JinkoSolar Holding Co., Ltd. was founded in 2006 and is headquartered in Shanghai, China. It is engaged in the business of researching, developing, and manufacturing photovoltaic products. Its products are marketed in 190+ regions and countries worldwide and it also provides comprehensive green energy solutions to its clients. It is one of the world’s leading solar technology companies.
Trina Solar Co. Ltd. was founded in 1997 and is headquartered in Shanghai, China. It is mainly engaged in providing photovoltaic products, photovoltaic systems, and smart energy. It has a track record of shipping 150GW+ solar modules to 160+ customers worldwide. It has established its manufacturing bases in countries like Vietnam, Thailand, and the US as a part of its expansion strategy. Its regional headquarters are in Zurich, Freemont, Miami, Singapore, Dubai, and Tokyo, among others.
Solaronix S.A. was founded in 1993 and is headquartered in Aubonne, Switzerland. It operates through three business divisions that include the materials, solar cells, and equipment division. It is engaged in the production and distribution of raw materials required for hybrid solar cell and dye solar cell fabrication. It also manufactures solar panels testing equipment and uses components produced in-house to make Dye Solar Cells.
Other key players in the Switzerland solar energy market include Swiss Solar AG, APAK Energy Sagl, SOLTOP Energie AG, Meyer Burger (Industries) GmbH, Alpiq Holding AG, Axpo Holding AG, SUNAGE S.A., and Alpha Square Invest SA (YouPower S.A.), among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Technology |
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Breakup by Solar Module |
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Breakup by End Use |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Europe Solar Energy Market Overview
8.1 Key Industry Highlights
8.2 Europe Solar Energy Historical Market (2018-2023)
8.3 Europe Solar Energy Market Forecast (2024-2032)
8.4 Europe Solar Energy Market Breakup by Country
8.4.1 Germany
8.4.2 United Kingdom
8.4.3 France
8.4.4 Italy
8.4.5 Switzerland
8.4.6 Others
9 Switzerland Solar Energy Market Overview
9.1 Key Industry Highlights
9.2 Switzerland Solar Energy Historical Market (2018-2023)
9.3 Switzerland Solar Energy Market Forecast (2024-2032)
10 Switzerland Solar Energy Market by Technology
10.1 Solar Photovoltaic (PV)
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Concentrated Solar Power (CSP)
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 Switzerland Solar Energy Market by Solar Module
11.1 Polycrystalline
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Monocrystalline
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Amorphous Silicon Cells
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Cadmium Telluride
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Others
12 Switzerland Solar Energy Market by End Use
12.1 Residential
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Commercial
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Industrial
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators of Demand
13.4 Key Indicators of Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 JinkoSolar Holding Co., Ltd.
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Trina Solar Co. Ltd.
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Swiss Solar AG
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Solaronix S.A.
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 APAK Energy Sagl
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 SOLTOP Energie AG
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Meyer Burger (Industries) GmbH
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 Alpiq Holding AG
14.2.8.1 Company Overview
14.2.8.2 Product Portfolio
14.2.8.3 Demographic Reach and Achievements
14.2.8.4 Certifications
14.2.9 Axpo Holding AG
14.2.9.1 Company Overview
14.2.9.2 Product Portfolio
14.2.9.3 Demographic Reach and Achievements
14.2.9.4 Certifications
14.2.10 SUNAGE S.A.
14.2.10.1 Company Overview
14.2.10.2 Product Portfolio
14.2.10.3 Demographic Reach and Achievements
14.2.10.4 Certifications
14.2.11 Alpha Square Invest SA (YouPower S.A.)
14.2.11.1 Company Overview
14.2.11.2 Product Portfolio
14.2.11.3 Demographic Reach and Achievements
14.2.11.4 Certifications
14.2.12 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Europe Solar Energy Market: Key Industry Highlights, 2018 and 2032
2. Switzerland Solar Energy Market: Key Industry Highlights, 2018 and 2032
3. Switzerland Solar Energy Historical Market: Breakup by Technology (TWh), 2018-2023
4. Switzerland Solar Energy Market Forecast: Breakup by Technology (TWh), 2024-2032
5. Switzerland Solar Energy Historical Market: Breakup by Solar Module (TWh), 2018-2023
6. Switzerland Solar Energy Market Forecast: Breakup by Solar Module (TWh), 2024-2032
7. Switzerland Solar Energy Historical Market: Breakup by End Use (TWh), 2018-2023
8. Switzerland Solar Energy Market Forecast: Breakup by End Use (TWh), 2024-2032
9. Switzerland Solar Energy Market Structure
In 2023, the market reached an approximate volume of 2.06 TWh.
The market is estimated to grow at a CAGR of 3.5% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach around 2.81 TWh by 2032.
The market is being driven by the increasing rate of climate change which is driving nations across the world to shift towards renewable energy resources.
The key trends aiding the market expansion include innovations by Swiss companies, phase out of nuclear power, and adoption of new government policies.
The major technologies in the market include solar photovoltaic and concentrated solar power.
The major applications of solar energy include residential, commercial, and industrial.
The major players in the market are JinkoSolar Holding Co., Ltd., Trina Solar Co. Ltd., Swiss Solar AG, Solaronix S.A., APAK Energy Sagl, SOLTOP Energie AG, Meyer Burger (Industries) GmbH, Alpiq Holding AG, Axpo Holding AG, SUNAGE S.A., and Alpha Square Invest SA (YouPower S.A.), among others.
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