Solar Panel Market | Industry Share, Outlook, Future Growth and Opportunities by 2024

Solar panels are active solar devices which include a set of photovoltaic or solar cells spread over a large area. These cells absorb sunlight to generate flowing electricity through the photovoltaic effect. The electricity is further converted from DC to AC by a solar convertor and used for various household, commercial and industrial purposes. The applications of solar panels have expanded over the years on account of technological advancements and lowering cost of production. In recent years, ultrathin solar panels have been developed which are lighter and more flexible than the glass-based variants. They are superior than conventional solar panels in terms of efficiency and cost-effectiveness and can be integrated into almost any surface.

The latest report by IMARC Group, the ****** solar panel market reached a volume of 92.8 GW in 2017.

Solar Panel Market Trends:

Currently, solar panels are being utilised for energy generation across the globe as they help in reducing carbon footprints and the usage of non-renewable sources of energy. They produce clean energy and do not release any water or air pollution in the environment. Owing to these benefits, they represent an ideal solution for controlling environment issues such as greenhouse gas emissions and ****** warming.

****** Solar Panel Market Segmentation:

Market by Type 

 

1. Crystal Silicon

2. Monocrystalline Silicon

3. Polycrystalline Silicon

4. Thin Film

5. Others

 

Performance of Key Regions

 

1. Asia Pacific

2. North America

3. Europe

4. Latin America

5. Middle East and Africa

 

Market by End-use

 

1. Commercial

2. Residential

3. Industrial

 

Browse full report on ****** solar panel market, with Table of Contents: https://www.imarcgroup.com/solar-panel-market

About IMARC Group

The International Market Analysis Research and Consulting Group is leading name in market research and strategy management. We provide assistance to our clients to address the most critical challenges and transform their business. We provide end to end solution for all sectors and customized according to requirement of clients. Company offer full range of market research service, data analytics solutions to clients combined with strong technology and process orientation. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.

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