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Solar Panel Market Size, Share, Forecast, Analysis Report Upto 2021

The Solar Panel Market Research Report provides forecast and estimates for each application in terms of Market Size, Share, Trend & Growths.
Divyanka Gupta | 10.04.2017
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Research Report on Global Solar Panel Market 2014 to 2021 added by DecisionDatabases.com studies the current and upcoming Market Size, Share, Demand, Growth, Trend and Forecast.

Solar panel is designed to absorb the sun's rays as a source of energy for converting energy from one form to another for essential purposes. New inventions led solar panel and related markets to develop and grow at considerable growth rate. The fundamental purpose of solar panel is to convert the solar energy in ready to use form of energy like electrical energy or heat energy. It is one of the best alternatives to the combustible sources of energy. Therefore, this is also known as clean source of energy.

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This report examines the global solar panel market and provides information regarding the revenue (USD Million) and volume (in Watts) for the period 2014 to 2021. It further elaborates the market drivers which contribute to the growth. It then describes the restraints that are faced by the market. The market is classified into various segments with deep analysis of each segment for the study period.

Report includes a detailed analysis on value chain in order to provide a holistic view of the solar panel market. Value chain analysis comprises detailed evaluation of the roles of various players involved in the solar panel industry, from raw material suppliers to end-users.

A glimpse of the major drivers and restraints affecting this market is mentioned below :

A. Drivers :

- Intensified ecological concerns due to general climate change awareness
- Increase in demand of solar driven vehicles and electrical appliances
- Increasing interest of the industrial sector from conventional energy sources to non-conventional energy source

B. Restraints :
- Inferior capacity utilization of solar panels than non-renewable energy sources such as coal and crude oil
- It is comparatively expensive to its alternatives like crude oil and coal

Global solar panel market attractiveness analysis has been included in order to analyze the application segments that are estimated to be lucrative during the forecast period on the basis of their market size and growth rate. Attractiveness of the market has been derived from market size, profit margin, growth rate, availability of raw materials, competition, and other factors such as social and legal constraints.

C. Major player assessed in the report are :
- Suntech Power Holdings Co.
- Sharp Solar
- First Solar
- Trina Solar
- Yingli
- Hanwha Solarone
- Canadian Solar
- SunPower Corporation
- More

In terms of geography, the global solar panel market has been segmented into regions such as North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The study provides a detailed view of country-level aspects of the market on the basis of application segments and estimates the market in terms of revenue and volume during the forecast period.

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D. Segmentations In The Report :

1. Solar Panel Market By Technology :

- Thin Film Cells
- Crystalline Silicon Systems

2. Solar Panel Market By Mounting Systems :
- Ground Mounted
- Roof Mounted
- Solar Trackers
- Fixed Rack Solar PV

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