Solar Cell Busbar Market set for rapid growth forecast 2019-2026| Key Players: Jinko Solar Co., Ltd., Trina Solar, Canadian Solar Inc., JA Solar, Hanwha Q CELLS America Inc., GCL System Integration Technology Co.,Ltd, LONGi Solar, KYOCERA Document Solutio

In a solar panel, there's a thin strip of copper or aluminium between cells that conducts electricity which is called Busbar. It separates solar cells which can be seen in a square pattern on the panels and conduct the direct current collected in the cell from solar photons to the solar inverter. The solar inverter further converts the direct current into useable alternating current. Busbar is flat strip and can be as small as 10mm2. Busbars have a high surface area to cross-sectional area ratio which allows heat to dissipate more efficiently.

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Key Market Driver - Higher efficiency over other substitutes
Key Market Restraint - Installation cost and area required for installation

Key Players Covered

o Jinko Solar Co., Ltd.
o Trina Solar
o Canadian Solar Inc.
o JA Solar
o Hanwha Q CELLS America Inc.
o GCL System Integration Technology Co.,Ltd
o LONGi Solar
o KYOCERA Document Solutions America, Inc.
o Yingli Solar
o RGS Energy
o SolarCity
o Soligent
o Sun Power
o Sunnova Energy Corp.
o Sunrun

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The utilization of solar cell busbar has grown after 2012 as it helps in improving efficiency by the reduction in the resistance offered. Greater the number of busbar used greater is efficiency. As the solar market has spread across very rapidly which has led to the innovation of new products such as solar air conditioning, solar charger, solar inverter, solar chimney, solar-powered refrigerator, solar cooker, solar dryer, solar street lights, solar traffic lights, solar cars, solar bus, etc. This has also helped the global solar cell busbar market to flourish.

On the basis of its types, solar cell busbar market can be segmented into Upto 2BB, 3BB to 5BB and more than 5BB. The overall performance of the multi-cell busbar is greater than 2BB and 3BB which makes them more preferred over others. The multi-cell busbar give the advantage of the reduction of the effective finger length between the busbar, which reduces finger resistance losses, as well as the lesser impacts of micro cracks, which improve the long term reliability of multi busbar.
On the basis of its applications, solar cell busbar can be segmented into a monocrystalline, polycrystalline and thin film. The efficiency and lifetime of the monocrystalline module on which busbar are used make it more preferred over the polycrystalline and thin film. On the basis of its end use, solar busbar cell market can be segmented into residential, industrial, commercial and utilities. As there has been an increase in solar energy utilization in residential applications solar cell busbar have been most adopted in the residential sector for water heaters, battery, and cell phone chargers, solar vehicles, etc.
The major market driver for the solar cell busbar market is the increase in efficiency obtained by using busbar. Busbar reduce the resistance between cells and therefore the current generated goes up as per the Ohm's law. Also, there is an increasing demand for clean energy around the world. Many Countries are now shifting towards the sources of clean energy. With the provision of government incentives and tax rebates over the installation of solar panels, solar energy is the most adopted amongst the available sources.

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Segmentation

1. By Type
o Upto 2BB
o 3BB to 5BB
o More than 5BB
2. By Application
o Monocrystalline
o Polycrystalline
o Thin Film
3. By End User
o Residential
o Commercial
o Industrial
o Utilities
4. By Geography
o North America (The USA and Canada)
o Europe (UK, Germany, France, Netherlands, Norway, Russia and Rest of Europe)
o Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
o Latin America (Brazil, Mexico, and Rest of Latin America)
o Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)

The Key Market restraint for solar cell busbar market is the high cost of installation of the solar panels. A certain area of land has to be given for the installation of the panels, the required amount of area increases with an increase in the amount of energy required. Post installation of panels the area cannot be used further for any other purpose which acts as a restraint in the growth of solar cell busbar market.

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Key Industry Developments

o In April 2019, Hanwha Q Cells unveiled the upgraded version of its Q Peak duo solar module series. The G6 module is produced with 161.7 wafers, passivated emitter rear contact (PERC) technology and 6 busbars. It is available in 122 cell format with an output of 355W and 144 cell version which gives output of 420W.
o In May 2019, Imec a leading company in development of Nano electronics and digital technologies announced that its n-pert solar cells developed with Jolywood have reached a certified conversion efficiency of 23.2%. Further they confirmed that compared to previous results they have optimized fully screen-printed bifacial n-PERT cells process and adopted a design with 12 busbars.
o In April 2019, FuturaSun, an Italian PV company patented its new 12 busbar stringer machine named SILK. The Italian R&D department had been working on R&D of SILK since 2017. The machine is designed to enhance the performance of 12 busbar modules, the stringer works with cells from 5 to 12 busbars and can adapt to future busbarless cell applications.

Major Table of Content for Solar Cell Busbar Market:
1. Introduction
2. Executive Summary
3. Market Dynamics
4. Key Insights
5. Global Solar Cell Busbar Market Analysis, Insights and Forecast, 2026
6. North America Solar Cell Busbar Market Analysis, Insights and Forecast, 2026
7. Europe Solar Cell Busbar Market Analysis, Insights and Forecast, 2026
8. Asia Pacific Solar Cell Busbar Market Analysis, Insights and Forecast, 2026
9. Middle East and Africa Solar Cell Busbar Market Analysis, Insights and Forecast, 2026
10. Latin America Solar Cell Busbar Market Analysis, Insights and Forecast, 2026
11. Competitive Landscape
12. Company Profile
13. Conclusion

An Overview of the Impact of COVID-19 on this Market:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
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