About Most Efficient Solar Panels
Most efficient solar panels generate more solar energy compared to regular solar panels. Continuously increasing energy demand due to increased adoption of digital devices and electric machinery & equipment have led to renewable energy sources, which will boost the market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Amerisolar (United States), AXITEC ENERGY GMBH & CO. KG. (Germany), Canadian Solar (Canada), CentroSolar (Germany), China Sunergy (China), ET Solar (China), Grape Solar (United States), Hanwha Group (South Korea), Hyundai Energy Solutions (South Korea), JinkoSolar (China), Kyocera (Japan), LG Corporation (South Korea) and Mitsubishi Electric (Japan) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Panasonic (Japan), SunPower (United States), SunSpark Technology (United States), Trina Solar (China) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Most Efficient Solar Panels market by Type (Monocrystalline Silicon, Polycrystalline Silicon, Cadmium Telluride and Others), Application (Residential, Transportation, Telecom, Oil & Gas and Others) and Region.
On the basis of geography, the market of Most Efficient Solar Panels has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Efficiency Rate, the sub-segment i.e. 21-22 will boost the Most Efficient Solar Panels market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Focus on the Technological Innovation to Improve Quality and Efficiency of Solar Panels
Market Growth Drivers:
Increasing Installation of Monocrystalline Silicon Solar Panels in Commercial and Residential Buildings for larger energy systems and Growing Demand for Most efficient Solar Panels to Convert Huge Amount of Sunlight into Usable Electricity
Challenges:
Availability of a Large Number of Players in the Global Market that May Create Challenges
Restraints:
High Initial Investment Cost and Requirement of Lot of Space for Solar Energy Systems
Opportunities:
Increasing Electrification of Buildings, Transportations, and Industrial Sector in the United States
Market Leaders and their expansionary development strategies
In October 2023, Goldi Solar, India’s most quality-conscious solar brand, at the 16th edition of Asia’s largest Renewable Energy India (REI) Expo 2023, launched its latest G12 TOPCon technologically advanced solar panel under the HELOC® (High-Efficiency Low on Carbon) Plus series. The unveiling ceremony was graced by the presence of Shri Bhuwan Chandra Joshi, Former Director (Security) Of Parliament Security Service, and Smt. Hema Bhuwan Joshi, Rashtriya Adhyaksh Mahila Morcha.
In January 2024, Germany's AEG has launched a new n-type solar module based on all-back contact (ABC) cell technology. “Everything electric happens behind the curtains: the contacts are placed on the back of the module, thus allowing a ‘gridless' effect,” Conny Axel Hulverscheidt, the CTO of AGE's Solar Solutions Group, told pv magazine, referring to the cell design.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Virtual Commissioning Providers, Technology Companies, End User Industry and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.