Global Airport Solar Panels Market by Type (Monocrystalline Silicon Type, Polysilicon Type), By Application (Civil Airports, Military/Federal Government Airports, Private Airports) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

The Global Airport Solar Panels Market size is projected to reach USD X.X Billion by 2028, growing at a CAGR of 9.0% during the forecast period from 2021 to 2028. The main growth drivers are increasing demand for renewable energy sources and easy installation process, which helps in reducing the cost of solar power systems as compared to other conventional methods of generating electricity.

The solar panels used to generate electricity for airports are called “airport solar panels.” The main function of these aircraft is to convert sunlight into electric energy, which can be stored in the form of power and then use as a source of power at night or during poor weather conditions. These products do not cause any greenhouse effect because they produce absolutely no carbon emissions that lead to global warming. Solar panels will be installed on rooftops or parking lots near air traffic control towers or terminal buildings where they can take advantage of direct sunlight throughout most hours of the day. They can also help reduce costs associated with heating and cooling since much less energy is needed to heat up or cool down an outdoor rooftop than an indoor building space that would otherwise be used for the same purpose.

On the basis of Type, the global airport solar panels market is segmented into Monocrystalline Silicon Type and Polysilicon Type.

Monocrystalline Silicon Type:

Monocrystalline silicon-based solar panels are the most common type of airport solar panels. They are made of single-crystal, which makes them more efficient. They have high conversion efficiency and can produce power even in low light conditions. This technology is used by airports worldwide because of its high-efficiency conversion rates that can be as high as 22%. Monocrystalline Silicon Type Airport Solar Panels provide a maximum power generation per square meter, which increases the overall energy production capacity making them cost-effective in the long run.

Polysilicon Type:

Polysilicon-type solar panels are low-cost, lightweight, and easy to install. They offer high energy yield with improved power generation efficiency for generating electricity at airports. There are many benefits of Polysilicon Type airport solar panels. Some major ones are that it is more affordable, gives higher efficiency in power generation, and is easily installed on airports roofs without any hassles. Features of Polysilicon Type airport solar panels include high-temperature resistance, high melting point, wide bandgap, and excellent chemical stability.

On the basis of Application, the global airport solar panels market is segmented into Civil Airports, Military/Federal Government Airports, and Private Airports.

On the basis of Region, the global airport solar panels market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America accounted for a significant share in 2017 as well as estimated to be dominant throughout the forecast period owing to increasing preference towards green energy from governments across various countries such as The US.

In terms of value, the Asia Pacific region held major shares both globally as well domestically during 2016 and is expected to grow at an exponential rate over the forecast years (2017-2028). Rising industrialization and growing demand for electricity will play a crucial role in this regional development prospects through the end; thereby propelling growth through the forecast period. Aeroports de Paris, British Airports Authority (BAA), and Changi Airport Group are some of the major airports operating in the Europe region that have adopted solar energy on a large scale to generate electricity which is then used for various purposes at these hubs. This trend is expected to gain momentum over the forecast period.

The market for airport solar panels in Latin America is expected to show substantial growth during the forecast period, led by growing awareness about environmental protection and rising investments. The market for airport solar panels in the Middle East & Africa is expected to grow at a CAGR of around 11.89% during the forecast period from 2019-2028. This growth can be attributed to rapid urbanization which has led to increasing demand for air travel and airports in the region. The increasing tourism industry has led to an increase in investments by developers for the development of new infrastructure facilities such as the construction of roads, bridges, interchanges, and terminals which are expected to create a number of job opportunities and boost the local economy & businesses.

Growth Factors For The Global Airport Solar Panels Market:

The global airport solar panels market is expected to witness considerable growth over the forecast period. The major factors driving the market are increasing use of renewable sources for power generation, rise in environmental concerns regarding carbon emissions and their harmful impacts on climate change, government initiatives towards achieving low-carbon development goals along with improving energy security coupled with favorable policies supporting the adoption of sustainable energy technologies across airports globally.

Up Market Research published a new report titled “Airport Solar Panels Market research report which is segmented by Types (Monocrystalline Silicon Type, Polysilicon Type), By Applications (Civil Airports, Military/Federal Government Airports, Private Airports), By Players/Companies ARC Aviation Renewables, AVIMAR, AVLITE SYSTEMS, DELTABOX, All About Signs, AMC Security Products, Point Lighting, DESIMONE”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Airport Solar Panels Market Report Segments:

The market is segmented by Type Monocrystalline Silicon Type, Polysilicon Type and By Application Civil Airports, Military/Federal Government Airports, Private Airports.

Some of the companies that are profiled in this report are:

1. ARC Aviation Renewables
2. AVIMAR
3. AVLITE SYSTEMS
4. DELTABOX
5. All About Signs
6. AMC Security Products
7. Point Lighting
8. DESIMONE

Airport Solar Panels Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Airport Solar Panels Market

Overview of the regional outlook of the Airport Solar Panels Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Airport Solar Panels Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Airport Solar Panels Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.
6. By Type:

                1. Monocrystalline Silicon Type

                2. Polysilicon Type

                1. Civil Airports

                2. Military/Federal Government Airports

                3. Private Airports

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Airport Solar Panels Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
• Business Expansion Strategies
• Consumer Insights
• Understanding Competition Scenario
• Product & Brand Management
• Channel & Customer Management
• Identifying Appropriate Advertising Appeals

Reasons to Purchase the Airport Solar Panels Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.