Press release
Solar Panel Coatings Market Driven by Steady Growth of Solar Power Sector
Albany, New York, July 6, 2017: Transparency Market Research (TMR) announces a new report on the global solar panel coatings market. The report examines the burgeoning solar panel coating market through a detailed assessment of the market’s regional and product segments and the key factors impacting their growth trajectory. The competitive dynamics of the global solar panel coatings market are also elaborated upon in the report in order to provide readers with a clear picture of the competitive hierarchy of the market. The detailed competitive analysis of the solar panel coatings market will also help readers formulate beneficial strategies and avoid pitfalls. The report is titled ‘Solar Panel Coatings Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025.’
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The solar panel coatings market owes its rapid growth in a relatively short period to the steady development of the solar energy sector across the world. Taking cognizance of the risks of the growing dependence on fossil fuels, several governments around the world have taken a proactive stance in favor of solar power, while the growing consumer demographic of informed and environment-conscious consumers has boosted the solar energy sector at the grassroots level. This is the essential driver for the global solar panel coatings market, as solar panel coatings remain an ancillary to the solar energy industry as a whole.
The global solar panel coating market is segmented into anti-reflective coatings and nanocoatings. Anti-reflective solar panel coatings form a key part of most modern solar panel assemblies, and perform a job similar to a greenhouse, i.e. they trap the solar radiation reflected from the surface of the solar and send some of it back into the power generation mechanism. This allows for more efficient use of the solar panels, which is likely to remain the key driver for the anti-reflective solar panel coatings market in the coming years.
Nanocoatings perform a different task than anti-reflective coatings; nano solar panel coatings adhere to the glass surface of the solar panels and keep dust and grime from remaining on the surface of the solar panel. Due to the limitations on the solar power generation technology at present, even small amounts of grime can reduce the efficacy of solar panels considerably. Thus, the solar panel coatings market has become important in solar power applications, especially in regions where environmental disturbances are common.
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Regionally, Asia Pacific is likely to remain the dominant player in the global solar panel coatings market in the coming years. Developing countries such as India and China have become major players in the global solar power sector in recent years, leading to the two playing important roles in the global solar panel coatings market as well. The steady technological advancement in the solar power sector in these emerging powers is likely to remain a key contributor to the global solar panel coatings market.
Key solar panel coatings market players examined in the report include Nanosonic Inc., Nanopool GmbH, Nanoclear, P2i Ltd., and Nanoshell Ltd.
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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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