Press release
Solar Panel Market Top Key Players - First Solar Inc., Sharp Corporation, JinkoSolar Holding Co. Ltd, JA Solar Holdings Co. Ltd, Trina Solar Ltd, Hanwha Q Cells Co. Ltd, Acciona Energia SA, Canadian Solar Inc., Duke Energy Corporation, EDF SA, Orsted AS
Solar modules, also known as solar panel market, can capture sunlight and convert it into electricity. The main components of solar modules are many types of solar cells, which are mainly made of silicon.
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SOLAR PANELMARKET TECHNOLOGY INSIGHTS
• Thin-film sections took the dominant market share. Thin-film solar panel market offers major applications on both industrial and utility scale because these lightweight panels lower their installation costs. The low efficacy of thin film solar panels is paid for by the installation of economies of scale.
• The crystalline semiconductor segment is projected to grow significantly more than expected panel lifecycle extension, low weight and volume size relationships and low cost manufacturing of semiconductor semiconductors.
• Single crystal solar panel market is composed of the highest grade semiconductor and has a higher areal effect compared to thin film solar panel. However, companies that produce single crystal panels only target the premium section of the market, thanks to the high initial investment in these panels.
GLOBAL SOLAR PANEL MARKET DYNAMICS
• Emerging economies such as China, India and Brazil are preparing various large-scale ground-based solar projects, which are expected to lead the ground-based solar PV market during the forecast period. While utility-scale PV projects have gained a large share of the researched market, small rooftop PV systems are an important part of the market.
• Rooftop solar also provides the benefits of modern electricity services to homes that do not have access to electricity, reducing electricity costs on islands and other remote areas that rely on oil-fired power generation. Therefore, rooftop solar power allows residents and small businesses to produce their own electricity.
SOLAR PANEL MARKET SEGMENTATION
BY MATERIAL/TECHNOLOGY
Thin Film Solar Cells
• Cadmium Telluride (CdTe)
• Copper Indium Gallium Diselenide (CIGS)
• Amorphous Thin-film Silicon (a-Si)
• Perovskite
• Quantum Dots
• Organic PV
BY GRID CONNECTIVITY
• Grid Connected
• Off Grid
BY INSTALLATION TYPE
• Ground Mounted
• Building-Integrated PV (Bipv)
• Floating PV
BY TYPE OF CELL
• Thin film
• Multi-Si
• Mono-Si
BY DEPLOYMENT
• Ground Mounted
• Rooftop Solar
BY GEOGRAPHY
• North America
• Asia-Pacific
• Europe
• South America
• Middle-East and Africa
BY END USER
• Residential
• Commercial
• Utility
COMPANY PROFILES
• First Solar Inc.
• Sharp Corporation
• JinkoSolar Holding Co. Ltd
• JA Solar Holdings Co. Ltd
• Trina Solar Ltd
• Hanwha Q Cells Co. Ltd
• Acciona Energia SA
• Canadian Solar Inc.
• Duke Energy Corporation
• EDF SA
• Orsted AS
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