Solar Panels Market Global Company Profiles Size, Share, Manufacturing Base, Sales Area and Competitor by Forecast to 2023
Solar Panels Global Market Overview:-
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 poly-silicon and the gradually falling prices of industrial commodities.
Currently, there is a growing demand for solar panels in the residential rooftop applications. Other factors that contribute the Solar Panels Market growth include significant fall in the prices of key components such as silver and poly-silicone that are used in the manufacturing of solar cells coupled with the gradual fall in the prices of industrial commodities used to manufacture solar panels. The rising inflation in electricity and natural gas sector in the coming decade is one of the prominent factor that will drive the growth of the solar panels market in forecast period.
Installation of solar panels on a house roof typically ensures a cut down of an average of 35,000 pounds of carbon dioxide per year in terms of the household’s carbon footprint. Along with providing the clean and renewable energy, another aspect of solar panel is its discreet functioning. Meaning, without the noise and CO2 emission, solar panels give the equal grid output as conventional energy resources such as coal, oil, and petroleum.
Solar Panels Global Market Top Key Players:
• Trina Solar Limited
• Canadian Solar Inc.
• Jinko Solar Holding Co., Ltd.
• JA Solar Holdings Co., Ltd.
• Yingli Solar
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Solar Panels Industry/Innovation/Related News:
anuary 13, 2018 – Taiwan - The National Development Fund, under the Executive Yuan, has decided to fund a new solar energy alliance in Taiwan as part of the government's efforts to develop renewable energy. After several meetings to study the feasibility of investing in a new company to be formed by the merger of three Taiwanese solar energy firms: Neo Solar Power Corp, Gintech Energy Corp.and Solartech Energy Corp, the fund has decided to go ahead and invest.
December 18, 2017 – ‘BP’ a global energy leader with wide reach across the world’s energy systems announced that it is getting back into the solar business through an acquisition agreement with Lightsource, one of Europe’s largest developers and operators of utility-scale solar projects.
Major Points From TOC:-
1 Executive Summary
3 Research Methodology
4 Market Dynamics
5 Market Factor Analysis
6 Global Solar Panels Market, By Technology
7 Global Solar Panels Market, By Module Type
7.1 Introduction 35
7.2 Crystalline 37
7.3 Thin Film 37
7.4 Parabolic Troughs 37
7.5 Linear Fresnel Reflectors 38
7.6 Power Towers 38
7.7 Parabolic Dishes 38
8 Global Solar Panels Market, By Application
8.1 Introduction 40
8.2 Residential 42
8.3 Commercial 42
8.4 Utilities 43
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Solar Panels Global Market - Segmentation
To give the insight information on Global Solar Panels Market report, MRFR has segment it in to 3 key dynamics –
By Technology : Comprises Solar PV (Crystalline, Thin Film) and CSP (Parabolic Troughs, Linear Fresnel Reflectors, Power Towers, Parabolic Dishes)
By Applications : Residential, Commercial, Utilities (Power Plants, Off Grid).
By Regions : North America, Europe, APAC and Rest of the World.
Global Market Analysis:-
Asia-Pacific is the biggest solar power market; followed by Europe and then North America. China alone shares almost 44% of new solar PV capacity. Spain remained the global leader in existing CSP capacity, with 2.3 GW till the end of 2016, followed by the United States with just over 1.7 GW. These two countries still accounted for over 80% of global installed capacity. The rest of the world (ROW) region is comprised of Brazil, Middle East, and Israel; which are gaining attention from the major players of the PV and the CSP market considering the potential that these regions hold.
While technological advancements coupled with the presence of prominent market players in the region entitle Europe & North America as lucrative markets on the global front.
Solar panel market in the rest-of-the-world (RoW region) including the Middle East, Israel, and Brazil; is catching up the attention of the major CSP players and the PV market. Considering the potential that these regions hold, CSP technologies are expected to grow at a faster rate in future in the growing markets of India, China, Brazil, Germany, Canada, and France.