Solar Panel Market Report Till 2024 | DecisionDatabases

Solar Panel Market

Solar Panel Market Report added by DecisionDatabases.com offers industry size, share, growth, trends and forecast analysis upto 2024. Solar Panel Market Report also covers top key players, porter’s five forces analysis and market segmentation in detail. Solar panel is designed to absorb the sun’s rays as a source of energy for converting energy from one form to another for essential purposes. New inventions led solar panel and related markets to develop and grow at considerable growth rate. The fundamental purpose of solar panel is to convert the solar energy in ready to use form of energy like electrical energy or heat energy. It is one of the best alternatives to the combustible sources of energy. Therefore, this is also known as clean source of energy.

This report examines the global solar panel market and provides information regarding the revenue (USD Million) and volume (in Watts) for the period 2017 to 2024. It further elaborates the market drivers which contribute to the growth. It then describes the restraints that are faced by the market. The market is classified into various segments with deep analysis of each segment for the study period.

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Report includes a detailed analysis on value chain in order to provide a holistic view of the solar panel market. Value chain analysis comprises detailed evaluation of the roles of various players involved in the solar panel industry, from raw material suppliers to end-users.

The major market drivers are intensified ecological concerns due to general climate change awareness, increase in demand of solar driven vehicles and electrical appliances and increasing interest of the industrial sector from conventional energy sources to non-conventional energy source. The market growth might be restricted due inferior capacity utilization of solar panels than non-renewable energy sources such as coal and crude oil and it is comparatively expensive to its alternatives like crude oil and coal under the study period.

Global solar panel market attractiveness analysis has been included in order to analyze the application segments that are estimated to be lucrative during the forecast period on the basis of their market size and growth rate. Attractiveness of the market has been derived from market size, profit margin, growth rate, availability of raw materials, competition, and other factors such as social and legal constraints.

Major player assessed in the report are:

– Suntech Power Holdings Co.

– Sharp Solar

– First Solar

– Trina Solar

– Yingli

– Hanwha Solarone

– Canadian Solar

– SunPower Corporation

– Other

In terms of geography, the global solar panel market has been segmented into regions such as North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The study provides a detailed view of country-level aspects of the market on the basis of application segments and estimates the market in terms of revenue and volume during the forecast period.

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Segmentations In The Report:

  1. Solar Panel Market By Technology:

– Thin Film Cells

– Crystalline Silicon Systems

  1. Solar Panel Market By Mounting Systems:

– Ground Mounted

– Roof Mounted

– Solar Trackers

– Fixed Rack Solar PV

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