Solar Panel Market- Technological Innovations Coupled with the Commercialization of Solar Panel Have Been Aiding the Growth of the Industry

Sarasota, FL — 01/15/2018 — According to the report, the global Solar Panel Market accounted for USD 30.8 billion in 2016 and is expected to reach USD 57.3 billion by 2022, growing at a CAGR of 10.9% between 2017 and 2022. The report covers forecast and analysis for the solar panel market on a global and regional level. The study provides historic data of 2014 to 2016 along with a forecast for 2017 to 2022 based revenue (USD million). The study includes drivers and restraints for the solar panel market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the solar panel market on a global level.

Request Free Sample Copy of Research Report @ https://goo.gl/8sz9yF

Global Solar Panel market is expected to witness significant growth within the forecast period on account of increasing government incentives for the adoption of solar panels. Solar panels are photovoltaic that produce electricity with sunlight. Solar Panel continuously generates electricity as long as a source of light is supplied. Solar Panel does not burn fuel, helping to make the process quiet, pollution-free and around two to three times more efficient than combustion technologies.

Growing government incentives and favorable policies for the adoption along with the cost economics of polysilicon has expected to be the major driving factor of the global solar panel market. Moreover, the technological innovations coupled with the commercialization of solar panel have also been aiding the growth of the solar panel market. Rising awareness about the benefits of solar panel and depletion of fossil fuels is expected to surge the demand for solar panels in the years to come. However, the high cost of installation and maintenance is expected to be a major restraint for the global solar panel market. Technological advancements and favorable government policies to construct solar power stations are expected to provide growth opportunities for the key players in the market over the coming years.

Make an Inquiry before Purchase @ https://goo.gl/ioSKqF

Global Solar Panel Market: Product Type Analysis

Mono-crystalline Solar Panel
Poly-crystalline Solar Panel
Thin-film Solar Panel

Global Solar Panel Market: Application Analysis

Residential
Commercial
Utility

Asia Pacific accounted for most of the global market share in 2016 and is expected to grow in light of the government regulations in the region that promotes the adoption of the solar panel. Moreover, the technological developments in the countries like China & Japan are expected to further drive the growth of the Asia Pacific solar panel market within the forecast period. North America solar panel market is expected to hold the second largest share in global market. Due to high adoption rate in utility and residential segment along with high investments of major players in the market will propel significant growth in the region. The most established market of solar panel in the world are benefiting from both demand-side and supply-side driver. The subsidies such as feed-in premiums (FiPs) and feed-in tariffs (FiTs) for utility-scale solar had been particularly successful in Europe, Australia and the United States. Latin America and Middle East & Africa regions are expected to witness significant growth owing to the large demand for a sustainable source of energy in order to meet the demands of the rising population in the region.

Browse detail report with in-depth TOC @ https://goo.gl/kD44Ts

Some of the key players operating in the global Solar Panel market are Renesola, JinkoSolar Holding Co., Ltd., JA Solar Holdings Co Ltd., Canadian Solar Inc., First Solar, Inc., Trina Solar Limited, Hanwha Q CELLS (Hanwha Group), Motech Industries Inc., Yingli Green Energy Holding Company Limited, and Shunfeng International Clean Energy Limited among others.

About Zion Market Research
Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client's needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Powered by WPeMatico

You might like

About the Author: Carrie Brunner

Carrie Brunner grew up in a small town in northern New Brunswick. She studied chemistry in college, graduated, and married her husband one month later. They were then blessed with two baby boys within the first four years of marriage. Having babies gave their family a desire to return to the old paths – to nourish their family with traditional, homegrown foods; rid their home of toxic chemicals and petroleum products; and give their boys a chance to know a simple, sustainable way of life. They are currently building a homestead from scratch on two little acres in central Texas. There’s a lot to be done to become somewhat self-sufficient, but they are debt-free and get to spend their days living this simple, good life together with their five young children. Carrie writes mostly on provincial stories.
%d bloggers like this: