Global Solar Energy Panel Market Industry Examined In New Market Research Report 2018-2025

Solar Energy Panel Market

Solar panels have photovoltaic cells that convert solar energy to electricity by absorbing sunlight thus; the solar energy is one of the largest sources of renewable energy available worldwide.

According to BlueWeave Consulting, The Global Solar Energy Panel Market is expected to witness significant growth rate over the forecast period. Owing to the increasing government incentives for the adoption of solar panels along with the cost economics of polysilicon has expected to be the major driving factor of the global solar panel market. The solar panels convert solar energy into electricity which creates the pollution free environment and is more efficient than combustion technologies.

The rapid expansion of solar photovoltaic (PV) installation capacities coupled with increasing demand for renewable power sources is boosting the solar energy panel market in coming years.

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Global Solar Energy Panel Market: Competitive Landscape

Key players operating in the solar energy panel market includes Renesola, JinkoSolar Holding Co., Ltd., JA Solar Holdings Co Ltd., Canadian Solar Inc., First Solar, Inc., Trina Solar Limited, Hanwha Q CELLS (Hanwha Group), Motech Industries Inc., Yingli Green Energy Holding Company Limited, and Shunfeng International Clean Energy Limited Suntech, Sharp Solar and Renewable Energy Corporation. Major Key Players are focused on organic and inorganic strategies such as merger & acquisition and new product launches to enhance their business and product.

Commercial Sector Is Projected To Be the Most Lucrative Application Segment Of Global Solar Energy Panel Market During The Anticipated Period

In terms of applications, commercial sectors accounted for the largest market share in past years owing to factors such as high efficiency & utilization of direct current, etc. The emerging market provides various opportunities to the market players, owing to a rise in disposable incomes and rapid growth in the global economy.

Moreover, the residential segment is expected to witness significant growth during the forecast period due to the increasing awareness and adoption of roof-top panels. Also, the utility-scale solar photovoltaic (PV) witness’s great demand owing to improving the cost competitiveness of solar photovoltaic (PV) and growth in electricity demand. Furthermore, the residential segment also witnessed sluggish growth in terms of installation of solar energy owing to discrepancies in sales strategies such as high installation and maintenance costs. However, rising development activities in developed countries such as Texas, Utah, Florida, and South California are expected to drive the segment over the forecast period, thereby generating the need for installation of renewable solar panel systems over the coming years.

Asia Pacific Region Is Expected To Be the Fastest Growing Region of Global Solar Energy Panel over the Forecast Period  

The Asia Pacific region is expected to be the substantial growing regional segment for the solar panel market within the forecast period. Owing to growing urbanization and population explosion and low cost of the product, especially in developing countries like China and India, are expected to augment the demand for energy generation and construction activities in particular region.

In addition, the growing investment in clean energy research & development in the emerging economies is expected to further boost the demand for solar energy panels in the coming years. Moreover, the European Region is expected to hold the lion share over the forecast period. Both Europe and the EU region, anticipate having strong growth in past years. While demand in the EU will be driven by the national binding 2020 renewables targets and low prices, the non-EU part of Europe will be propelled by Turkey’s solar program and solar’s attractive costs for the forthcoming years.

Scope of the Report

By Solar Module

  • Mono-crystalline
  • Poly-crystalline
  • Thin-Film

By Grid Type

  • Grid Connected
  • Off- Grid

By Application

  • Residential
  • Commercial
  • Industrial
  • Power Utilities

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Table of Contents

Chapter: 1.    Research Framework

Chapter:  2.    Research Methodology

Chapter:  3.    Executive Summary

Chapter:  4.    Industry Insights

Chapter:  5.    Global Solar Energy Panel Market Overview

Chapter:  6.    Global Solar Energy Panel Market, By Solar Module

Chapter:  7.    Global Solar Energy Panel Market, By Grid Type

Chapter:  8.    Global Solar Energy Panel Market, By Application

Chapter:  9.    Global Solar Energy Panel Market, By Region

Chapter:  10.  Company Profile

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