Transparency Market Research Reports incorporated a definite business overview and investigation inclines on "Solar Panel Market
". This report likewise incorporates more illumination about fundamental review of the business including definitions, requisitions and worldwide business sector industry structure.
A solar panel is set of solar PV modules connected electrically. A PV module is an interconnected collection of solar cells. Solar PV modules are mounted on a supporting structure. Solar energy is one of the best alternative renewable sources of energy with least maintenance and operation costs. Solar radiation is trapped and converted to
electricity via solar panels.
The overall market has been segmented on the basis of products (mono-crystalline, polycrystalline, and hybrid solar panels), end users, as well as on a geographical basis to provide a holistic picture of the market. The global energy demand driven by the increasing need of renewable technological developments, falling cost of solar panels and favorable government policy is expected to boost the growth of solar panels market. However, global oversupply of production capacity within the industry is expected to hamper the growth of this market.
Presently North America account for the highest demand of solar panels. The demand in these regions is primarily driven by governmental support in the form of research and development activities of solar energy. In Asia Pacific, China is expected to drive the growth of this market in near future on account of more stable pricing environment and burgeoning industrial and population growth requiring increasing levels of energy output. In addition, minimizing the reliance on fossil fuel and focusing more on a renewable energy like solar is expected to open new opportunities of growth in the market.
Some of the leading solar panel manufacturers include Yingli Green Energy, 1st Sunergy, Aqua solar, Auxin Solar, Green Power, GlobalWatt, Innergy Power, ReneSola, DM Solar, and Everbright Solar among others.
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