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Asia-Pacific Solar Energy Panel Market Size To See Booming Growth | Canadian Solar, Jinko Solar Holding Co, Suntech Power Holdings

03-06-2023 01:34 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Report Ocean

Asia-Pacific Solar Energy Panel Market Size To See Booming

Asia-Pacific Solar Energy Panel Market is expected to garner $37.8 billion by 2020, registering a CAGR of 14.8% during the forecast period 2014-2020. A solar panel comprises a cluster of solar cells that generate electricity through sunlight. Thin film and crystalline silicon which includes monocrystalline & polycrystalline, are the two common types of solar cells. Thin film cells are comparatively cheaper than silicon cells. The growth of solar energy panel market is considerably rising in the Asia-Pacific countries due to favorable government regulations and increasing customer inclination towards the applications of sustainable energy.

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The rising cost of fossil fuels and increasing consumer awareness towards solar energy have resulted in a high production of solar panels. Low conversion efficiency is a major concern for this market, as the rate of energy conversion is low which eventually affects the power generation capacity of solar power plants.

JinkoSolar holdings, based in Japan, launched a new solar module series eagle+ in May 2014 to increase the performance of solar products. The eagle+ series module features innovative cell and assembly technology which allows them to remain PID free under 85 degrees Celsius and in 85% of relative humidity, which is 10 times higher than International Electro technical Commission standards. Eagle+ series module minimizes the possibility of snail trailing and yellowing which results from long term use and provides new standards to render an optimum performance in this solar market. This market is segmented on the basis of Type, End User, Mounting Systems and Country.

KEY TAKE AWAYS

The report provides an in depth analysis of the Asia-Pacific solar energy panel market with current and future trends
This report highlights the key drivers, opportunities and restraints of the market along with an impact analysis of the forecast period
Current and future trends are outlined to determine the overall attractiveness and single out profitable trends to gain a stronger foothold in the market
Market estimation for type, end user and geography segment is derived from the current market scenario and expected market trends
The Porters five forces analysis highlights the potency of buyers and the suppliers participating in this market. This would further lend a competitive edge to the stakeholders and help in better decision making

KEY PLAYERS

Canadian Solar Inc.
Jinko Solar Holding Co. Ltd.
First Solar
Suntech Power Holdings
Trina Solar
Yingli Green Energy Holding
JA Solar Holdings
Hanergy Holding Group
LDK Solar Co. Ltd.
SolarWorld

SOLAR ENERGY PANEL MARKET SEGMENTATION

The market is segmented on the basis of Type, Mounting System, End User and Country.

BY TYPE

Monocrystalline panel
Polycrystalline panel
Hybrid panel
Black backed panel
Thin film

Request To Download Sample of This Strategic Report:- https://reportocean.com/industry-verticals/sample-request?report_id=30916

BY MOUNTING SYSTEM

Ground mounted
Roof mounted
Solar tracker
Fixed racks

BY END USER

Commercial
Government
Residential
Utility-Scale

BY COUNTRY

China
Japan
Australia
India
Others

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About Report Ocean:

We are the best market research reports provider in the industry. Report Ocean believes in providing quality reports to clients to meet the top line and bottom line goals which will boost your market share in today's competitive environment. Report Ocean is a 'one-stop solution' for individuals, organizations, and industries that are looking for innovative market research reports.

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