Solar energy panel also known as solar electric panel or Photovoltaic (PV) module is an assembly for photovoltaic cell mounted for framework for installation. Solar energy panel uses sunlight as a source to generate direct current electricity. Solar energy panel is composed of particles of energy called "photons", into electricity that can be used to power electrical loads.
Highlights from Solar Energy Panel Market Study
|Unit||Value (USD Million)|
The key Manufacturers profiled in the report are Auxin Solar (United States), Convalt Energy (United States), Qcells (South Korea), Crossroads Solar (United Sates), REC Solar Holdings (Singapore), First Solar (United States), GAF Energy (United States), Heliene (Canada), Jinkosolar (China), Waree (India) and Adani Solar (India). Additionally, other players that are part of this comprehensive study are Merlin Solar (United States), Meyer Burger (Switzerland), Mission Solar (United States), Silfab Solar (Canada) and Solaria (United States).
Geographic Breakdown and Segment Analysis
The Global Solar Energy Panel market presents a comprehensive analysis of the Solar Energy Panel market by product type (Mono crystalline Solar Panel, Poly Crystalline Solar Energy Panel and Thin Film Solar Energy Panel), by end-user/application (Solar Electric System, Solar Water Heating, Solar Thermal Power Production, Solar Cooking and Other), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Solar Energy Panel industry. Investors and Manufacturers can easily understand the inherent opportunities and challenges for their products in geographical region of interest. For instance, while the holds majority of market share of the Solar Energy Panel market
Analyst at AMA have segmented the market study of Global Solar Energy Panel market by Type, Application and Region.
Solar Energy Panel Market Dynamics:
- Increasing Demand in Renewable Energy Sources
- Increasing Demand in Agriculture Sector
- Individuals Focusing on Reducing Electricity Bills
- Innovation of Emerging Floating Solar Energy Panels
- Innovation of Building Integrated Photovoltaic Solar Energy Panels
- Uses of Artificial Intelligence (AI) in Solar Energy Generation
- Innovation of Lighter Weighted Solar Energy Panels
- High Cost Associated with Solar Energy panels
|Gaps & Opportunities|
- Growth in Automobile Industry
- Rapid Adoption of Photovoltaic Energy Sources Across the World
- Adoption of Electric Running Vehicles (EV)
Market Developments Activities:
On 21 February 2022, South Korea-based solar module manufacturer Hanwha Q Cells has unveiled its new Q.Peak Duo XL-G11.3 panel, which is the largest solar module produced by the company to date.
The market for Solar Electric Panel is highly competitive with several global as well as local players in the market. The global players are trying various strategies such as product innovation and using various marketing strategies to gain a higher market share.
Key Target AudienceSolar Energy Panel Manufacturer, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others