Press release
Solar Panels Market 2020 | Global Industry Overview, Sales Revenue, Demand and Forecast by 2025
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Market Trends
The rising environmental concerns across the globe has escalated the demand for the renewable source of energy production. This represents one of the major factors driving the global solar panel market growth. Furthermore, governments of numerous countries are investing in awareness campaigns, which is encouraging their installation worldwide. They are also providing tax rebates, owing to which these panels are finding applications in the agriculture and automotive industries. Furthermore, manufacturers operating in the industry are introducing innovations, such as anti-reflection coating and ultra-thin wafer solar cells, which is expected to strengthen the market in the coming years.
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Market Segmentation
Market by Type
Crystal Silicon
Monocrystalline Silicon
Polycrystalline Silicon
Thin Film
Others
Performance of Key Regions
Asia Pacific
North America
Europe
Latin America
Middle East and Africa
Market by End-Use
Commercial
Residential
Industrial
Some of the major players operating in the industry worldwide include JinkoSolar Holding Co., Ltd (NYSE: JKS), Trina Solar Limited (NYSE: TSL), Canadian Solar Inc. (NASDAQ: CSIQ), JA Solar Holdings, Co., Ltd. (JASO), Hanwha Q Cells (NASDAQ:HQCL), GCL-SI, LONGi Solar, Risen Energy, Shunfeng, and Yingli Green.
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