A solar panel is set of
solar PV modules connected electrically. A PV module is an interconnected
collection of solar cells. Solar PV modules are mounted on a supporting
structure. Solar energy is one of the best alternative renewable sources of
energy with least maintenance and operation costs. Solar radiation is trapped
and converted to electricity via solar panels.
The overall market has
been segmented on the basis of products (mono-crystalline, polycrystalline, and
hybrid solar panels), end users, as well as on a geographical basis to provide
a holistic picture of the market. The global energy demand driven by the
increasing need of renewable technological developments, falling cost of solar
panels and favorable government policy is expected to boost the growth of solar
panels market. However, global oversupply of production capacity within the
industry is expected to hamper the growth of this market.
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Presently North America
account for the highest demand of solar panels. The demand in these regions is
primarily driven by governmental support in the form of research and
development activities of solar energy. In Asia Pacific, China is expected to
drive the growth of this market in near future on account of more stable
pricing environment and burgeoning industrial and population growth requiring
increasing levels of energy output. In addition, minimizing the reliance on
fossil fuel and focusing more on a renewable energy like solar is expected to open
new opportunities of growth in the market.
Some of the leading
solar panel manufacturers include Yingli Green Energy, 1st Sunergy, Aqua solar,
Auxin Solar, Green Power, GlobalWatt, Innergy Power, ReneSola, DM Solar, and
Everbright Solar among others.
This research report analyzes this market
depending on its market segments, major geographies, and current market trends.
Geographies analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
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This report provides comprehensive
analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming
years
This report is a
complete study of current trends in the market, industry growth drivers, and
restraints. It provides market projections for the coming years. It includes
analysis of recent developments in technology, Porter’s five force model
analysis and detailed profiles of top industry players. The report also
includes a review of micro and macro factors essential for the existing market
players and new entrants along with detailed value chain analysis.
Reasons for Buying this
Report
- This report provides pin-point
analysis for changing competitive dynamics
- It provides a forward looking
perspective on different factors driving or restraining market
growth
- It provides a technological growth
map over time to understand the industry growth rate
- It provides a seven-year forecast
assessed on the basis of how the market is predicted to grow
- It helps in understanding the key
product segments and their future
·
It helps in making informed business
decisions by having complete insights of market and by making in-depth analysis
of market segments
Download PDF : Solar Panel Market
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