According to a new market research report published by Market Research Future “Solar Panels Market Analysis From 2019 to 2023 By Technology (Solar PV, CSP), By Module Type (Crystalline, Thin Film, Parabolic Troughs, Linear Fresnel Reflectors, Power Towers, Parabolic Dishes) By Application (Residential, Commercial, Power Plants, Off Grid), Region”, the global Solar Panels market accounted to hit the notable market value in 2023 and expected to witness CAGR of 20.18% across the forecast period through 2019 to 2023. Report provides comprehensive information on Global Solar Panels Market key players, share, Sales, revenue, industry size in terms of volume.
Key Companies Covered –
Some of the prominent players in the solar panels market, as profiled in the MRFR report, include Trina Solar Limited (China), Canadian Solar Inc. (Canada), Jinko Solar Holding Co., Ltd. (China), JA Solar Holdings Co., Ltd. (China), Hanwha Q CELLS Co., Ltd., (South Korea), ABROS green GmbH (Germany), Yingli Solar (China), SunPower Corporation (U.S.A), Abengoa Solar (Spain), eSolar, Inc. (U.S.A).
Free Sample Copy of “Solar Panels Market Research Report – Global Forecast to 2023” available at: https://www.marketresearchfuture.com/sample_request/3237
Solar Panels Industry Insight:
A solar panel is a silicon based layered semiconductor module that can produce electricity from sun light. This photovoltaic effect is created by the flow of electrons inside the module, which can be maximized by the increased hours of exposure to sunlight. Solar panel is the panel intended to entrap the sun’s rays as a source of energy to generate electricity and heat. It diminishes the amount of electricity produced from fossil fuels by supplying the operations with clean, renewable energy from the sun. Solar panels are also called photovoltaic or PV modules as they directly transform sunlight into electricity.
A solar panel is intended to trap the sun’s rays as a source of energy to generate electricity and heat. This has helped in the reduction of use of fossil fuels to produce electricity buy a supply of clean and renewable energy operations from the sun. Solar panels, also known as PV modules, are extensively used to power vehicle batteries individual gadgets and electronic devices. The global solar panels market, as per the new MRFR analysis, is expected to exhibit an impressive CAGR of 20.18 % during the forecast period.
The market perceives a growing demand from the residential rooftop applications. Additional factors substantiating the market growth include dropping prices of some of the key components used in the manufacturing of solar cells such as silver and polysilicon and the gradually falling prices of industrial commodities. Growing awareness towards climate change is another factor fueling the growth of solar panels market during the forecast period. However essential of the solar panels market can face restraints due to a lower power generation capacity and increasing strict regulations imposed on the land for use as solar panel generation sites.
The report offers insights into the leading market players and presents an assessment of their current market position. Company information with regards to revenue, segmental share, geographical income, SWOT, growth strategies, new product launch, M&A activities, and the latest R&D initiatives is also available in the report.
Solar Panels Market Segment Analysis:
The MRFR analysis is segmented into three key dynamics for the convenience of understanding;
By Technologies: Comprises Solar PV (Crystalline, Thin Film) and CSP (Parabolic Troughs, Linear Fresnel Reflectors, Power Towers, and Parabolic Dishes among others
By Applications: Residential, Commercial, and Utilities (Power Plants, Off Grid) among others.
By Regions: North America, Europe, APAC and the Rest-of-the-World (RoW)
The global Solar Panels market is geographically distributed across the following key regions: Asia Pacific, North America, Europe, and the Rest of the World (RoW).
The Asia Pacific region is expected to continue with its dominance over the global solar panel market throughout the forecast period. Factors substantiating the market growth in the region include the several ongoing & upcoming solar projects led by the increasing demand for power due to the ever-increasing population, urbanization, industrialization, and improving economic conditions. Simultaneously, the awareness about the advantages of solar panels in the region provides impetus to the market growth in the region.
Proliferation in technological advancements has led to lucrative growth in the solar panel market residing in North America and Europe. Additionally, presence of several high-profile vendors of the solar panels market in these regions has contributed to heavy growth.
List of Tables:
TABLE 1 MARKET SYNOPSIS
TABLE 2 LIST OF ASSUMPTIONS
TABLE 3 MACRO INDICATORS INFLUENCING THE GLOBAL SOLAR PANELS MARKET FOR TOP FIVE COUNTRIES
TABLE 4 IMPORT ANALYSIS OF SOLAR PANELSS, 2013-2017 (UNITS)
TABLE 5 EXPORT ANALYSIS OF SOLAR PANELSS, 2013-2017 (UNITS)
TABLE 6 PROPORTION OF MANUFACTURING COST STRUCTURE
TABLE 7 LABOR COST ANALYSIS
List of Figures:
FIGURE 1 GLOBAL SOLAR PANELS MARKET: MARKET STRUCTURE 17
FIGURE 2 RESEARCH PROCESS OF MRFR 20
FIGURE 3 TOP-DOWN & BOTTOM-UP APPROACHES 23
FIGURE 4 DROC ANALYSIS OF GLOBAL SOLAR PANELS MARKET 25
FIGURE 5 INTERNATIONAL TOURIST ARRIVALS, 2016 VS 2017 (MILLION) 26
FIGURE 6 DRIVERS IMPACT ANALYSIS: GLOBAL SOLAR PANELS MARKET 27
FIGURE 7 RESTRAINTS IMPACT ANALYSIS: GLOBAL SOLAR PANELS MARKET 28
FIGURE 8 SUPPLY CHAIN: GLOBAL SOLAR PANELS MARKET 31
FIGURE 9 PORTER’S FIVE FORCES MODEL: GLOBAL SOLAR PANELS MARKET 32
FIGURE 10 MARKETING CHANNEL OF SOLAR PANELS 40
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