The Global Half Cell Solar Panels Market size is projected to reach $112.3 billion by 2028 with a CAGR of 10.2% from 2021-2028. The residential segment will register the highest growth rate during the forecast period due to the rising demand for green energy solutions.
Half Cell Solar Panels are small-sized solar cells that can be used for powering sensors and low-power electrical devices. They are also called thin-film cells because these have very little thickness, ranging from 0.001 to 0.01 inches having the appearance of plastic films or metal sheets. These half-cell-based modules offer several advantages such as lightweight, flexibility, ease in handling, lower installation costs along with high durability & reliability at extremely competitive prices compared to other types of PV (photovoltaic) modules available in the market today.
On the basis of Types, the market is segmented into Monocrystalline Silicon Solar Panels and Polycrystalline Silicon Solar Panels.
Monocrystalline silicon solar panels are the most common type of photovoltaic (PV) solar panel. They have a single crystal structure and can be recognized by their shiny silver appearance, due to the protective metal back sheet that they all have attached during manufacturing. The cells used in monocrystalline silicon modules tend to convert sunlight more efficiently than thin film or polycrystalline PV cells because they only use one junction with p-type semiconductors rather than two junctions like others using multiple layers, which reduces photoelectric loss.
Polycrystalline silicon solar panels are developed using polysilicon technology which has a number of advantages over other types. These include lower cost, better efficiency, and higher durability than monocrystalline or thin-film technologies.
On the basis of Application, the market is segmented into Residential, Commercial, Industrial, and Others. The residential sector held a major share in 2018 because of the increasing demand for electricity to power homes & offices as well as reduce dependency on conventional sources such as fossil fuels that are contributing to global warming issues worldwide which require fast yet sustainable solutions than renewable energy offers with its green technologies. This coupled with government initiatives across different countries will drive this vertical over the forecast period between 2021-2028.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. In 2018, Asia Pacific held the major share in the global market due to the increasing adoption of solar energy for power generation especially in emerging economies such as China and India which have emerged as the world’s largest producers of Green House Gas emissions. This has further led countries across this region to shift their focus towards alternative sources that are environmentally friendly than conventional ones such as fossil fuels that emit harmful gases into the atmosphere when burned.
Increasing installation of renewable energy sources for power generation is likely to drive the global half cell solar panels market. Governments across various countries are taking initiatives to promote the use of clean and green energy in order to reduce pollution levels, especially carbon dioxide emissions by promoting its usage through financial incentives such as subsidies and tax credits.
Solar cells or modules have a great advantage over traditional fossil fuel-based technologies for generating electricity since they do not emit greenhouse gases during their operation which makes them popular amongst consumers too. Moreover, governments at the federal level also give investment grants, property tax exemptions/deductions, accelerated depreciation benefits, etc., on investments made into renewable energies systems like solar photovoltaic (PV) technology.
Up Market Research published a new report titled “Half Cell Solar Panels Market research report which is segmented by Types (Monocrystalline Silicon Solar Panel, Polycrystalline Silicon Solar Panel), By Applications (Residential, Commercial, Industrial, Others), By Players/Companies REC Solar Holdings AS, Canadian Solar, Inc, LONGi Solar, Hanwha SolarOne Co. Ltd.(Q CELLS), CSUN Solar Tech Co.,Ltd, JA Solar Holdings, ReneSola Zhejiang Ltd, Wuxi Suntech Power Co., Ltd, Amerisolar, Trina Solar, Seraphim, CELL SOLAR, JinkoSolar Holding Co., Ltd, Guangdong Prostar New Energy Technology Co., Ltd”.
Report Attributes | Report Details |
Report Title | Half Cell Solar Panels Market Research Report |
By Type | Monocrystalline Silicon Solar Panel, Polycrystalline Silicon Solar Panel |
By Application | Residential, Commercial, Industrial, Others |
By Companies | REC Solar Holdings AS, Canadian Solar, Inc, LONGi Solar, Hanwha SolarOne Co. Ltd.(Q CELLS), CSUN Solar Tech Co.,Ltd, JA Solar Holdings, ReneSola Zhejiang Ltd, Wuxi Suntech Power Co., Ltd, Amerisolar, Trina Solar, Seraphim, CELL SOLAR, JinkoSolar Holding Co., Ltd, Guangdong Prostar New Energy Technology Co., Ltd |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 226 |
Number of Tables & Figures | 159 |
Customization Available | Yes, the report can be customized as per your need. |
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.
The market is segmented by Type Monocrystalline Silicon Solar Panel, Polycrystalline Silicon Solar Panel and By Application Residential, Commercial, Industrial, Others.
Some of the companies that are profiled in this report are:
Half Cell 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:
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.
We have studied the Half Cell 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.
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