Asia-Pacific Solar Energy Panel Market Outlook, Current Strategies, by Top Companies: LDK Solar Co. Ltd, Yingli Solar

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. The market CAGR for the Asia Pacific Solar Panel market is driven by the demand for renewables-based clean electricity coupled with government policies.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:
https://www.alliedmarketresearch.com/request-sample/1192 
The Asia Pacific Solar Panel market segmentation, based on Panel Type, includes Monocrystalline, Polycrystalline, and Thin Film. The Monocrystalline segment dominated the market. Monocrystalline solar panels are widely utilized in residential installation applications due to their superior energy generation capabilities and high capacity compared to other solar panels. With efficiency ranges from 17% to 22%, monocrystalline solar panels are known for their ability to generate more energy. Additionally, they require less space to achieve a given power capacity, thanks to their high efficiency. Moreover, the rapid technological advancements aimed at reducing the production cost of monocrystalline solar cells are further driving the growth and development of monocrystalline solar panels in the Asia-Pacific region.

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐰𝐢𝐭𝐡 𝐲𝐨𝐮'𝐫𝐞 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭𝐬:
https://www.alliedmarketresearch.com/request-for-customization/1192

𝐒𝐨𝐥𝐚𝐫 𝐏𝐚𝐧𝐞𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:
𝐒𝐨𝐥𝐚𝐫 𝐏𝐚𝐧𝐞𝐥 𝐏𝐚𝐧𝐞𝐥 𝐓𝐲𝐩𝐞 𝐎𝐮𝐭𝐥𝐨𝐨𝐤
Monocrystalline
Polycrystalline
Thin-Film

𝐒𝐨𝐥𝐚𝐫 𝐏𝐚𝐧𝐞𝐥 𝐄𝐧𝐝 𝐔𝐬𝐞𝐫 𝐎𝐮𝐭𝐥𝐨𝐨𝐤
Residential Sector
Commercial Sector

𝐒𝐨𝐥𝐚𝐫 𝐏𝐚𝐧𝐞𝐥 𝐈𝐧𝐬𝐭𝐚𝐥𝐥𝐚𝐭𝐢𝐨𝐧 𝐎𝐮𝐭𝐥𝐨𝐨𝐤
Ground-Mount
Rooftop

𝐒𝐨𝐥𝐚𝐫 𝐏𝐚𝐧𝐞𝐥 𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐎𝐮𝐭𝐥𝐨𝐨𝐤
Asia Pacific
China
Japan
India
Australia
South Korea
Indonesia
Thailand
Vietnam
Malaysia
Singapore
Rest of Asia-Pacific

Growing environmental awareness, declining costs of key raw materials such as silver and polysilicon, and increased energy demand driven by population growth are the main market drivers anticipated to propel the solar panel market in the Asia Pacific.

The Asia Pacific Solar Panel market segmentation, based on End-User, includes Residential Sector and Commercial Sector. The Residential Sector category generated the most income. T Residential solar solutions offer the advantage of providing free and uninterrupted electricity for years while contributing to a more environmentally friendly future. Solar rooftop systems designed for residential use are easy to install and require minimal maintenance, making them a convenient choice for homeowners. According to the Ministry of New and Renewable Energy (MNRE) annual reports published in 2022, the government provides support to rooftop solar projects through various measures. This includes Central Financial Assistance (CFA) of up to 40% of the benchmark cost for rooftop projects ranging from up to three kilowatts, with a reduced rate of 20% for systems beyond 3 kW to 10 kW in the residential sector. Similarly, for Group Housing Societies/Residential Welfare Associations (GHS/RWA), the CFA is limited to 20% for rooftop solar plants with a capacity of up to 500 kW. Such assistance plays a crucial role in promoting the uptake of solar rooftop systems in India.

𝐁𝐮𝐲 𝐍𝐨𝐰 & 𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐎𝐧 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.alliedmarketresearch.com/checkout-final/52e50d656e0381185302d7d1249d16c9

In addition to generating clean electricity, solar energy panels offer various environmental benefits, such as reducing water consumption in electricity generation, preserving natural habitats by minimizing land use, and mitigating air and water pollution associated with conventional energy sources. The solar energy panel market continues to soar, propelled by a myriad of compelling benefits ranging from environmental sustainability and financial savings to energy security and economic prosperity. As global efforts to combat climate change intensify, solar energy stands as a beacon of hope, illuminating the path towards a cleaner, greener future for generations to come.

𝐒𝐨𝐥𝐚𝐫 𝐏𝐚𝐧𝐞𝐥 𝐈𝐧𝐬𝐭𝐚𝐥𝐥𝐚𝐭𝐢𝐨𝐧 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬

The Asia Pacific Solar Panel market segmentation, based on Installation, includes Ground-Mount and Rooftop. The ground-mount category generated the most income. Ground-mounted solar panels, also known as ground-mounted solar PV systems, are solar arrays positioned at ground level rather than on rooftops. Although typically more costly than rooftop installations, these systems have the potential to significantly increase energy production on a larger scale. In 2021, ground-mounted solar PVs accounted for over 50% of the total installed solar PV capacity, primarily deployed for commercial and utility purposes. Ground-mounted solar installations for commercial or utility projects benefit from economies of scale facilitated by large-scale deployments and operational efficiencies in maintenance and management. Conversely, rooftop solar is typically utilized for small-scale residential projects with capacities generally less than 1 MW.

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

• Canadian solar Inc.,
• JA Solar Holdings
• Trina Solar Ltd
• Solar World
• LDK Solar Co. Ltd
• Yingli Solar
• JinkoSolar Holding co.,ltd
• Hanergy Holding Group
• Suntech Power Holdings
• First Solar

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