The new environmental restrictions connected to carbon emissions are expected to fuel demand for PERC solar panels in the future. The government's sustainable energy initiatives in rural and urban areas are expected to boost demand for these panels over the forecast period. The increase in government initiatives regarding renewable energy in rural and urban areas is expected to drive the demand for these panels in the coming years. The increase in research and development activities related to photovoltaic cells has led to the development of mono PERC solar panels. PERC combines monocrystalline cells and passivated emitter and rear cell.
MARKET SCOPE
The "Global PERC Solar Panels Market Analysis to 2028" is a specialized and in-depth study of the manufacturing and construction industry with a special focus on global market trend analysis. The report aims to provide an overview of the PERC solar panels market with detailed market segmentation by type, mounting, installation, application, and geography. The global PERC solar panels market is expected to witness rapid growth during the forecast period. The report provides key statistics on the market status of the leading PERC solar panels market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global PERC solar panels market is segmented by type, mounting, installation, and application.
- On the basis of type, the market is segmented into Monocrystalline, Polycrystalline.
- On the basis of mounting, the market is segmented into Rooftop-Mounted, Ground-Mounted.
- On the basis of installation, the market is segmented into On-Grid, Off-Grid, Hybrid.
- On the basis of application, the market is segmented into Residential, Commercial, Industrial.
MARKET DYNAMICS
Drivers:
- The increase in research and development activities related to photovoltaic cells has led to the development of PERC solar panels.
- The Light Induced Degradation is an effect that causes a cell to lose a percentage of its production after the first exposure to light, which might hamper the market's growth over the forecast period.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The automotive connector's market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the automotive connector's market in these regions.
IMPACT OF COVID-19
The governments of various countries have enforced nationwide lockdowns as a precautionary measure to curb the spread of the COVID-19 pandemic. It has disrupted renewable energy projects globally. The Covid-19 pandemic has also affected the supply of raw materials, essential equipment, and skilled labor in the market, resulting in project delays. Thus, the COVID-19 pandemic has adversely impacted the PERC solar panels market. On March 06, 2020, Trina Solar stated that its State Key Laboratory of PV Science and Technology (PVST) created a PERC cell with 2- 39% efficiency, partially using standard manufacturing equipment. The cell has an area of 252 cm2 and is bifacial with nine bus bars, as used in many Trina modules. These developments in the market by the key players might help the market recover from the disruptions due to the covid-19 pandemic.
MARKET PLAYERS
The reports cover key developments in the PERC solar panels market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from PERC solar panels market are anticipated to lucrative growth opportunities in the future with the rising demand for PERC solar panels in the global market. Below mentioned is the list of few companies engaged in the PERC solar panels market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the PERC solar panels market. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, the key development in the past five years.
- Adani Group
- PV Cell technologies
- Aleo solar
- Alpha Solar
- Evolve Energy Group
- Trina Solar
- Bauer Solar GmbH
- Jiagnsu Akcome Solar Science and Technology Co
- Amerisolar
- EnfoSolar
- JA solar
- AJiansu Akcome Solar Science & Technology