Analysis of the photovoltaic panels and photovoltaic energy market in Romania and EU27 – May 2023

For a better understanding of the size of the Romanian market as well as the European market, Neomar Consulting realized, between April and May 2023, the second edition of the market study in the field of photovoltaic panels and solar electricity in Romania.

Segments / categories studied

• • Product: photovoltaic panels and solar energy
  • Geographic market: Romania (mainly) and EU 27 (context information and comparisons)

The main information described in the report:

The report provides information on the size and market segmentation for the studied segments

• • Estimation of the total size of the Romanian market (volume and value)
  • Estimation of the total size of the EU market (volume and value)
  • Market segmentation according to a series of industry-specific criteria
  • Estimation of the market shares of the main competitors per segment
  • Identifying the trends on this market in the last 3 years
  • Total value of imports / exports (by countries and by product categories)
  • Identifying and profiling the main competitors
  • Identifying the main factors influencing the market
  • Medium term market forecast (2023-2030)

Actual content of the report:

0. Executive summary

1. Total power market (statistical data) 
1.1. The EU27 power market
1.1.1. Total electrical capacities installed in EU27
1.1.2. Total electrical energy produced in EU27
1.2. The power market in Romania
1.2.1. National and regional power connection capacities available according to Transelectrica
1.2.1.1. Connection capacities available in 2022
1.2.1.2. Connection capacities available in 2023, by region
1.2.2. Total electrical capacities installed in Romania (all forms of electricity generation)
1.2.3. Total electrical energy produced in Romania

2. Solar power market (statistical data)
2.1. Solar power market in EU27
2.1.1. Solar power capacities installed in EU27
2.1.2. Solar power produced in EU27
2.2. Solar power market in Romania
2.2.1. Solar power capacities installed in Romania (INS statistical data)
2.2.2. Solar power capacities installed in Romania (estimate based on corroborated statistical data)
2.2.3. Solar power produced in Romania
2.2.4. The photovoltaic energy potential of Romania

3. Analysis of the final beneficiaries of PV installations (prosumers) 
3.1. The installed power and the number of beneficiaries (persons and companies), by county, on Dec. 31, 2022
3.2. The evolution of the installed power and the number of beneficiaries (PF & PJ), by county (2017-2022)
3.3. The installed power and the number of beneficiaries depending on the electricity distributor, by county
3.4. Segmentation according to the installed capacities, depending on the installed power, by county
3.5. Segmentation according to installed capacities, depending on the number of beneficiaries, by county
3.5.1. Small or household beneficiaries (0-20 kW), depending on the installed power and no. of beneficiaries, by county
3.5.2. Small-medium B2B beneficiaries (21-50 kW), depending on the installed power and no. of beneficiaries, by county
3.5.3. Medium-large B2B beneficiaries (51-100 kW), depending on the installed power and no. of beneficiaries, by county
3.5.4. Large beneficiaries (> 100 kW), depending on the installed power and no. of beneficiaries, by county
3.5.5. Evolution of the installation of photovoltaic projects
3.5.5.1. Evolution of the installation of photovoltaic capacities (kW), 2017-2022
3.5.5.2. Evolution of the number of connected beneficiaries, 2017-2022
3.6. Segmentation by installed capacities, depending on the type of legal entity, by county
3.6.1. Segmentation of natural person beneficiaries
3.6.1.1. Evolution of photovoltaic project installations for natural persons (capacity – kW and no.)
3.6.2. Segmentation of legal person beneficiaries
3.6.2.1. Evolution of photovoltaic project installations for legal entities (capacity – kW and no.)
3.7. Authorizations granted for commercial operations, with installed power over 1 MW
3.7.1. Projects with installed powers of 1-5 MW
3.7.2. Projects with installed powers of 5-10 MW
3.7.3. Projects with installed powers of 10-15 MW
3.7.4. Projects with installed powers of 15-20 MW
3.7.5. Projects with installed powers of 20-50 MW
3.7.6. Projects with installed powers of 50-100 MW
3.7.7. Observations regarding commercial operations (“utility-scale”)
3.7.8. Major commercial electricity production operations (“utility-scale” projects) implemented or planned
3.8. Observations regarding the reported installed PV capacities and the real value of the installed PV capacities in Romania
3.8.1. Installed PV capacity reports
3.8.2. The real value of the total installed PV capacities in Romania

4. The market of PV panels and specific components for PV systems
4.1. PV panel market
4.1.1. The value of imports of PV panels in Romania
4.1.1.1. The main commercial partners of Romania – imports of PV panels
4.1.2. The value of PV panel exports from Romania
4.1.2.1. Romania’s main commercial partners – exports of PV panels
4.1.3. Estimated value of the PV panel market in Romania (sell-out)
4.1.4. The main players in the PV panel market
4.1.4.1. Main producers worldwide and EU
4.1.4.2. The main players in the PV panel market in Romania
4.1.4.2.1. Producers of PV panels from Romania
4.2. The market of components specific to PV systems (inverters, generators, etc.)
4.2.1. Production of equipment specific to PV systems in EU27
4.2.2. The value of imports of specific PV system components in Romania
4.2.2.1. Commercial partners in the import of specific components for PV systems in Romania
4.2.3. The value of exports of specific PV system components from Romania
4.2.3.1. Commercial partners in the export of specific components for PV systems from Romania
4.2.4. The estimated value of the market of specific components for PV systems in Romania
4.3. The main importers of components for PV systems in Romania
4.4. The estimated value of the local market of PV systems in Romania
5. PV system integrators (associated market for PV project implementation services)
5.1. The estimated value of the PV system installation services market
5.2. The main players in the PV system installation services market in Romania
5.3. Detailed analysis of AFM authorized integrators
5.3.1. Regionalization of AFM authorized integrators
5.3.2. Regional competitiveness in the deployment activity of AFM authorized integrators
5.3.3. Details regarding the products and services offered by the integrators
5.3.4. Segmentations regarding the source of purchase of PV equipment
5.3.5. Segmentation regarding the type of systems: on-grid vs. off-grid.
5.3.6. The presence of storage equipment in installed PV systems
5.3.7. Details regarding the deployment activity  – by own teams vs. subcontractors
5.3.8. The main brands of components for photovoltaic systems used at national level
5.3.9. Estimated market shares of PV system integrators in Romania in 2022
5.3.9.1. Estimated market shares in projects designed for households in 2022
5.3.9.2. Estimated market shares in projects intended for companies in 2022

6. Trends and forecasts regarding the PV panel market
6.1. Trends on the global PV panel market in the last 3 years
6.2. The main influencing factors of the PV panel market
6.3. Impact of technological progress
6.4. Increasing government support for green energy in Romania
6.5. Forecast of the PV panel market in Romania in the medium and long term (2023-2030)

7. Aspects regarding the potential market of PV systems in Romania 
7.1. The potential market resulting from the solar capacity not yet installed, assumed by PNNR
7.2. The potential market resulting from the substitution of current fossil electricity with PV
7.3. The potential residential photovoltaic market in Romania, resulting from all the houses eligible for the installation of PV systems

8. The legislative framework of PV energy (important aspects, challenges, particularities, etc.)

9. Conclusions 

Annex 1 – Segmentation of beneficiaries (PF and PJ), by segments of installed capacities (kW and no. of beneficiaries), by counties
– Individuals, 0-20 kW, by counties
– Individuals, 21-50 kW, by counties
– Individuals natural persons, 51-100 kW, per county
– Natural persons, 100 kW – 1 MW, per county
– Evolution of photovoltaic project installations for natural persons (capacity – kW and no.)
– Legal persons, 0-20 kW, per county
– Legal entities, 21-50 kW, per county
– Legal entities, 51-100 kW, per county
– Legal entities, 100 kW – 1 MW, per county
– Evolution of photovoltaic project installations for legal entities (capacity – kW and no.)

Annex 2 – Synthesis of the legislative framework regarding the renewable energy market in Romania

Appendix 3 – List of PV system integrators authorized by AFM

(the study, including the annex, contains about 180 pages)

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