Solar Panels Market
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Published By: Zion <strong>Market</strong> Research<br />
Global <strong>Solar</strong> <strong>Panels</strong> <strong>Market</strong>: Industry Share, Growth,<br />
Outlook, Analysis and Forecast, 2016 – 2024<br />
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<strong>Solar</strong> <strong>Panels</strong> <strong>Market</strong><br />
<strong>Solar</strong> <strong>Panels</strong> <strong>Market</strong>: Overview<br />
The solar panel consists of a panel which is used to absorb the rays of the sun for the storage of the<br />
energy. This stored energy can be used for heating and generate electricity. As the sun is a nonconventional<br />
resource of energy thus it reduces the electricity that is generated from the fossil fuels. The<br />
alternative name for the solar panels is PV modules and photovoltaic. <strong>Solar</strong> panels are used in the<br />
individual gadgets, powering electronic devices, vehicle batteries, and residential applications.<br />
<strong>Solar</strong> <strong>Panels</strong> <strong>Market</strong>: Segmentation<br />
The global market for the solar panels is fragmented into its type and application. On the basis of type,<br />
the global market is fragmented into thin-film panels, monocrystalline solar panels, and polycrystalline<br />
solar panels. On the basis of application, the market is categorized into commercial, off grid, residential,<br />
and power plants.<br />
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<strong>Solar</strong> <strong>Panels</strong> <strong>Market</strong>: Growth Factors<br />
The demand for the solar panels has increased rapidly in the residential rooftop applications. The other<br />
important factor that is driving the growth of the market is the decreased prices of the main components<br />
such as polysilicon and silver which are basically used in the production of the solar cells. Advantages of<br />
using the solar panels are that they do not emit any harmful gases and also there is no noise generation.<br />
The increase in the price of the electricity and natural gas and the decrease in the price of the industrial<br />
commodities that are used for the making of the solar panels are fuelling the growth of the market. There<br />
are some factors that will limit the growth of the solar panels market which includes its limitation of
<strong>Solar</strong> <strong>Panels</strong> <strong>Market</strong><br />
working only at day time and in the case to be used at night there is a requirement of the battery which<br />
can store the energy, changing climatic conditions, and the solar technologies are of high cost.<br />
<strong>Solar</strong> <strong>Panels</strong> <strong>Market</strong>: Regional Analysis<br />
On the basis of the regional segmentation, the global solar market includes regions such as North<br />
America, Western Europe, Asia Pacific, the Middle East and Africa, Latin America, and Eastern Europe.<br />
The region that is leading in the solar panels market in the North America. North America is followed by<br />
the regions such as Europe and Asia Pacific. In the North America region, the market is growing<br />
significantly owing to the increasing residential application of the solar panels especially in the country of<br />
the U.S. In the coming years, there will be a rapid growth of the solar panels market in Asia Pacific region<br />
owing to the shift in the manufacturing of the solar panels from the U.S. to the developing nations such as<br />
India and China.<br />
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<strong>Solar</strong> <strong>Panels</strong> <strong>Market</strong>: Competitive Players<br />
The key market players that are involved in the solar panels market include Photonix <strong>Solar</strong> Pvt. Ltd., AGL<br />
<strong>Solar</strong> Energy, Yingli <strong>Solar</strong>, Goal Zero, and others.
<strong>Solar</strong> <strong>Panels</strong> <strong>Market</strong><br />
<strong>Solar</strong> <strong>Panels</strong> <strong>Market</strong>: Regional Segment Analysis<br />
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<strong>Solar</strong> <strong>Panels</strong> <strong>Market</strong>: Regional Segment Analysis<br />
North America<br />
o U.S.<br />
Europe<br />
o UK<br />
o France<br />
o Germany<br />
Asia Pacific<br />
o China<br />
o Japan<br />
o India<br />
Latin America<br />
o Brazil<br />
The Middle East and Africa
<strong>Solar</strong> <strong>Panels</strong> <strong>Market</strong><br />
What Reports Provides<br />
Full in-depth analysis of the parent market<br />
Important changes in market dynamics<br />
Segmentation details of the market<br />
Former, on-going, and projected market analysis in terms of volume and value<br />
Assessment of niche industry developments<br />
<strong>Market</strong> share analysis<br />
Key strategies of major players<br />
Emerging segments and regional markets<br />
Testimonials to companies in order to fortify their foothold in the market.<br />
Zion <strong>Market</strong> Research<br />
Address: 4283, Express Lane, Suite 634-143, Sarasota, Florida 34249, United States<br />
Tel: +1-386-310-3803 GMT +49-322 210 92714<br />
Tel: +1-855-465-4651 (US/CAN TOLL FREE)<br />
Email: sales@zionmarketresearch.comWeb: www.zionmarketresearch.com
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