About Flexible Solar Panels
Flexible solar panel are used for power generation during outdoor activities. There are mainly three types of flexible solar panel used during campaigning and other activities i.e. monocrystalline, polycrystalline, and thin film solar panels. Owing to their material, this panels are extremely flexible in nature and lighter than rigid panels. Further, it has low cost of production hence least purchasing price impacting on the demand in positive manner. and Government Feed in Tariff( FiT) attracting major renewable energy consumption. In addition, European Union has initiated “Green Deal” program to reduce carbon emission and tap the residential potential for gathering solar energy. Geographically, North America region is expected to grow with the highest market share over the forecast period followed By Asia Pacific and Europe. Presence of leading market players creating industrial hub for Flexible Solar Panels across the North American region which is further impacting on industrial profitability in better manner.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 13.59% |
The market of Flexible Solar Panels is expected to grow with rising demand renewable energy at commercial and residential purpose. Several companies are operating in the market to provide Flexible Solar Panels. The market is highly fragmented with the presence of number of market players. They are gaining attention owing to raised demand. They are taking certain strategic initiatives with new entrants to expand their existing portfolio. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Flexible Solar Panels market throughout the forecasted period. 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.
Suzhou PV Solar Tech (China), SunPower (United States), Anhui Nuuko New Energy (China), Taida New Energy (United States), Ascent Solar Technologies (United States), MiaSolé (United States), NanoFlex Power (United States), SoloPower (United States), Sunflare (United States), Superb Industries (United States), Tesup UK (United Kingdom), Beijing Shanhu (China), East Lux Energy (China), Figmentor (Finland), Flisom (Switzerland), GH New Energy Tech (China) and HyET Solar (Netherland) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Qi-energy (UAE), Solar Dukkan (Turkey) and Sunplugged (Austria).
Segmentation Overview
AMA Research has segmented the market of Global Flexible Solar Panels market by Type (Monocrystalline, Polycrystalline and Thin film), Application (Boating, RV Parking, Camping & Hiking, Rooftop, Residential and Others) and Region.
On the basis of geography, the market of Flexible Solar Panels has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, 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 Material , the sub-segment i.e. Cadmium Telluride will boost the Flexible Solar Panels market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Direct will boost the Flexible Solar Panels market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Power (W), the sub-segment i.e. <50 W will boost the Flexible Solar Panels market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Enhancing approach for Solar Energy based Power Sources
Market Growth Drivers:
Rising Awareness regarding Consumption of Renewable Energy Resources, Increasing demand for Solar Energy at Households and Increasing applicability of Flexible Solar Panels in Adventurous Activities
Challenges:
Presence of Large Number of Market Players
Restraints:
Issue Related to the Ductility during Outdoor Use
Opportunities:
Rising Preference for Flexible Solar Panel over Rigid Solar Panels has Created Growth Opportunity and Increasing Government Subsidiaries for Solar Energy based Consumption at Residential and Commercial Purpose
Market Leaders and their expansionary development strategies
In July 2023, Enphase Energy collaborates with Credit Fair to provide flexible solar financing for Indian Consumer. This collaboration aims to offer Indian homeowners' attractive loan and financing options, facilitating the affordability of Enphase microinverter-based rooftop solar systems through Easy Monthly Instalment (EMI) payments.
In May 2023, DuPont introduced its latest Tedlar frontsheet materials at the 2023 SNEC International Photovoltaic Power Generation and Smart Energy Exhibition. DuPont will be located at Booth W4-555 at Shanghai New International Expo Center.
Key Target Audience
Flexible Solar Panels Manufacturers, Flexible Solar Panels Suppliers/Distributor, Raw Material Suppliers, New Entrants/Investors, Strategic Business Planners, Governments and End Use Industry
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.