Quick Guide: Solar PV Module Market

Solar PV Module Market Research Report (2017-2022) Provides In-Depth Analysis by Scope, Growth Rate, Driving Factors, Competitive Situation, Top Manufacturers and Upcoming Trends. Solar PV Module Market report split global into several key Regions which mainly includes Market Overview, Table of Content, List of Figures and Applications. Solar PV Module Market Growing at Higher CAGR Rate of XX% between 2017-2022.

Global solar PV module market is segmented on the basis of technology, product, connectivity, mounting, application and geography.A single solar cell is incapable of sendingdesired output. To augment the output power level of a PV system, it is thus required to connect number of such PV solar cells. A solar module is normally a series connected to a sufficient number of solar cells to provide required standard output voltage and power.

 

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In a solar module, the solar cells are linked in the same manner as the battery cell units in a battery bank system. Photovoltaic (PV) systems are used to convert sunlight into electricity which are safe, reliable and incur less operating costs and are easy to install. Presently, there are significant challenges faced by the rapidly growing PV market.

 

The enormous potential of solar PV and its various beneficial attributes is majorly driving the market for the same. Thus, PV is playing a vital role in the power/energy system. The PV market is likely to continue to register growth in the Asia Pacific region primarily in China and Japan. PV systems are helping in delivering clean, safe, affordable and decentralized electricity to people.On the basis of technology, the solar PV module market is segmented into thin film, crystalline silicon, polysilicon, monocrystalline silicon and so on.

 

On the basis of product, the solar PV module market is segmented into monocrystalline, polycrystalline, cadmium telluride (CdTe), amorphous silicon (A-Si), and copper indium gallium di-selenide (CIGS) and so on.“Monocrystalline” PV module market share is projected to witness gain over 6% in the coming years. Increasing demand for energy efficiency and optimum resource utilization will propel the industry growth. Declining price with advancement of technology will further augment the industry landscape.

 

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The U.S. market of solar PV module share is set to expand over 6% in the coming years. Rising investment towards development of energy optimization coupled with strict regulatory norms against GHG emissions will augment industry growth. Ongoing deployment of micro grid with growing focus towards adoption of sustainable energy will stimulate the business growth.

 

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Solar Trackers Market Research (2017-2022): Top Key Players, Drivers, Challenges and Market Insights

Solar Trackers Market Research Report (2017-2022) Provides In-Depth Analysis by Scope, Growth Rate, Driving Factors, Competitive Situation, Top Manufacturers and Upcoming Trends. Solar Trackers Market report split global into several key Regions which mainly includes Market Overview, Table of Content, List of Figures and Applications. Solar Trackers Market Growing at Higher CAGR Rate of XX% between 2017-2022.

 

Global solar tracker market is segmented on the basis of technology, product, type, application and geography. Solar trackers are devices that increase the energy production and lowers levelized cost of electricity. They are designed to harness maximum amount of solar energy by aligning payloads orientation towards sun.

 

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Trackers help to generate more energy as mirrors or solar panels are fully exposed to sunlight. At present, novel designs are developed to track the movement of the sun in a more efficient manner instead of using existing active and passive trackers available.Rising demand for sustainable green energy generated by renewable resources such as solar power has significantly grown due to rise in global warming. Position of Solar tracker device is the solar panel towards the sun. There is a growing demand for PV systems, which in turn is driving the demand for solar trackers. The rising demand of solar PV in commercial and residential organization is the key driver of the global solar tracker market.

 

Increased cost of electricity on account of depleting non-renewable sources is expected to boost the market for PV installation systems in households plus commercial applications. Solar tracker is widely used in the various application areas like utility and non-utility. Government incentive schemes and Feed-in-tariffs (FIT) is anticipated to fuel the market growth in the coming years. On the basis of technology, the global solar tracker industry is segmented into solar photovoltaic (PV), concentrated photovoltaic (CPV), concentrated solar power (CSP) and so on. On the basis of product, the global solar tracker market is segmented into single axis and dual axis.

 

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U.S. solar tracker industry share was over 4 GW and is predicted to witness substantiate growth due to various financial supports and incentives introduced by government to encourage deployment of renewable technologies. For Europe, Germany solar tracker industry share was accounted for 9 % of regional volume and will witness considerable growth owing to involvement of various energy policies including certification programs for RES-H installation and rising awareness regarding benefits of solar systems. In Germany, market premium scheme support the electricity generated from renewable resource.

 

Increasing electricity demand coupled with growing infrastructure development will drive the China solar tracker market share during the forecast period. Growing investment to generate clean fuel electricity will further complement the regional business growth.The global key players in solar tracker industry are All Earth Solar, First Solar, Deger, Haosolar Co. Ltd., Mecasolar Espana SL, Abengoa Solar S.A., AllEarth Renewables, Array Technologies Inc., DEGERenergie GmbH & Co. KG, Energia Ercam, Powerway Renewable Energy Co. Ltd., Mechatron, SunPower Corporation, Titan Tracker SL, SmartTrak Solar Systems Pvt. Ltd., Soitec, CM Tracker and Optimum Tracker.

 

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