Press release
Solar Panels Market Volume Analysis, Size, Share And Latest Key Trends -2023
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.
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All these aspects of solar panel commutatively drive its demand, sales and market size, further allowing solar panels to hold the hegemony in the renewable energy market. It is needless to say that the solar panel market is increasing pervasively, growing rapidly.
Acknowledging the kind of growth, the market is garnering currently, Market Research Future (MRFR) in its recently published study report, mentions that demonstrating the growth prospects worldwide, the global solar panels market will accrue enormously by 2023 registering a striking double digit CAGR of 20.18% during 2017 to 2023.
Global Solar Panels Market - Competitive Landscape
Several large and small players having regional and global presence form the competitive landscape in the market. These players compete on the quality, market reach, financial resources, and pricing, whereas, innovation, brand reinforcement, and mergers & acquisitions remain the prevalent trends for the leading players operating in the global solar panels market. The market will witness fierce competition due to the expected extensions in product & service and product innovations.
Key Players:
Prominent players at the forefront of the market competition are Canadian Solar Inc. (Canada), Trina Solar Limited (China), Jinko Solar Holding Co., Ltd. (China), Yingli Solar (China), and JA Solar Holdings Co., Ltd. (China). Profiling them in its analysis MRFR finds out the strategies helping them to sustain their positions in the market.
Global Solar Panels Market - Segmentation
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)
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Industry/Innovation/Related News:
August 13, 2018 – Sono Motors (Germany), maker of the self-charging electric car - The Sion, published that it is set to launch its Solar panel car to go on sale in 2019. The development is in the final stages where the company is working on the charging system for this all-electric vehicle - the Sion car, which can be charged from conventional power outlets, solar power, or other Sions. The vehicle has 330 solar cells integrated onto the hood, side doors, and roof. That means these solar panels can top up the battery while on the go.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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Email: sales@marketresearchfuture.com
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