The global automotive solar control glass market has been estimated to foresee an explosive growth by the year. Solar control glass blocks the interior heat loss and helps to keep the room warmer and more comfortable during extreme climatic conditions. “Automotive solar control glass promotes a healthier living environment as it delivers outstanding protection from harsh sun rays. Major technological advancements have been incorporated by the market players to strengthen their competitive landscape. Electrochromic glazing improvises optical properties of the window to regularize outside energy transmitted in the vehicle. Electrochromic glazing has minimized the use of air conditioners, therefore curtailing the fuel costs.”

The installation of solar control windows exhibits enhanced comfort due to reduced heat transferred into the compartment and therefore, offering better driving conditions. The considerably increasing criminal activities imposed a legal prohibition on the use of black films on vehicle glasses. This was a major factor that hampered the growth of automotive solar control glass market.

Based on applications, the market has been segmented into passenger vehicles and commercial vehicles. The high cost of air conditions has propelled the incorporation of automotive solar control glass market across commercial vehicles. Absorbing Solar Control Glass and Reflective Solar Control Glass are the major types of automotive solar control glass.

Geographical segmentation has presented a detailed analysis of automotive solar control glass market growth prospects across the regions of North America, the Asia Pacific, Europe, the Middle East, and Africa, and Latin America. Altering climatic conditions and exponentially growing population as attributed to the rise in the number of residential and commercial vehicles in Asia Pacific, which is driving the market growth.

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The competitive landscape showcases the profiles and business strategies of the major players, along with their recent developments. Some of the dominant players operating in this market comprise of NSG, Saint Gobain, AGC, AIG, PPG, Guardian Glass, Eastman, XINYI, and SYP Glass among others.

Players are entering into business partnerships with fellow contestants and are significantly investing in innovation strategies, which is estimated to drive the cellular vendors to reach new growth markets. The market participants have identified the industry cost structure, supply chain mechanism, major distribution channels, and production capabilities. The market competition is escalating at a steady pace with the advent of technological innovation and several Merger & Acquisition activities across the industry. Furthermore, local and regional vendors are offering specific application products for varied end-users.

The rising environmental concerns like CO2 emission reduction and growing demand for optimizing the temperature regulatory measures inside a vehicle is driving the market for automotive solar control glass. XIR Automotive Films is a solar control technology developed by Eastman which lowers the cabin temperature quickly and improves fuel efficiency that ultimately reduces harmful emissions. The XIR laminated glass reduced exterior noises thus improve acoustic comfort. This glass is encapsulated with Saflex PVB to form a protective barrier against harmful Ultraviolet (UV) rays without impairing the necessary visible light.

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Global Off-grid Solar Power Systems Market is anticipated to grow at a substantial rate in the forecast period. Off-grid solar power systems are isolated systems that support commercial, households, and industrial buildings, telecom, and mining sites to generate their own power and are not associated with the grid. Off-grid solar power systems comprise smaller solar products (solar lanterns, and pico solar PV systems), solar home systems, and mini-grids.

The factors that propel the growth of the Off-grid Solar Power Systems Market include improved utilization of energy, population explosion, and depletion of natural resources. On the other hand, there are factors that may hamper the growth of the market including high initial PV system cost, and high installation cost compared to the other power generating sources. The market is anticipated to grow at a higher CAGR of 14.45% in the upcoming period as the scope, product types, and its applications are increasing across the globe.

The market may be explored by system type, application, resource type, and geography. Market may be explored by system type as Wind-PV-diesel-battery hybrid system, Wind-diesel hybrid system, PV-diesel hybrid system, PV-diesel-battery hybrid system, and Wind-diesel-battery hybrid system.

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The key applications that could be explored in the Off-grid Solar Power Systems Market include Stand-alone (AC – AC solar home systems, single facility AC systems, and DC- DC solar lighting Kits, DC Solar Home Systems), and Grids (AC- Full-grid, AC/DC- Nano-grid, mini-grid, micro-grid, Pico-grid). The Off-grid Solar Power Systems Market could be explored based on resource type as Hydro, Biogas/bio diesel to power, Biomass cogeneration, Gas, Diesel, Wind, and Solar PV.

Asia-Pacific accounted for the major share of the Off-grid Solar Power Systems Market Size in 2016 and will continue to lead in the forecast period. The factors that could be attributed to the growth include enormous demand for micro-grid hybrid power system. On the other hand, in Africa, and Middle East the off-grid hybrid power system market is driven particularly due to massive growth in the economy.

Some of the key players that fuel the growth of this market comprise Outback Power, Electric, Siemens, Solgen, Schneider electric, SMA, Electro Power system, Heliocentris, Elgris Power, and Danvest. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

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 The market will be boosted by the increasing demand for energy coupled with planned transformation from conventional to renewable energy sources. The report begins with a brief introduction of solar energy and the key technologies through which solar energy can be utilized. Value chain across the three major solar photovoltaic has also been highlighted in this section. The market overview section provides a snapshot of the global solar energy market including a detailed account of the major global initiatives taken to develop the solar energy market. This is followed by the solar energy market in China, providing details on the domestic market size in terms of installed capacity and expected future market distribution. China’s solar installed capacity is estimated to grow at a CAGR of 54% up to 2015.

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Factors driving the growth of solar energy market in China are also explained in detail. Growing energy demand coupled with favorable geographic location provides an impetus to the growth of the solar energy market. Energy demand in China is expected to grow with a CAGR of 22% through 2020. Solar subsidies announced by the government are expected to boost the growth prospects of the Chinese solar energy market. Emphasis on increasing the renewable energy share in total energy requirement will act as a major growth driver for the Chinese solar energy market. Mandate pledged by the government of China to reduce carbon dioxide emissions also provides growth opportunity to the solar energy market in China. Non fossil fuel usage in China is expected to grow with a CAGR of 32.6% up to 2015. The players operating in the market also face challenges which are impeding their development and growth. Oversupply scenario coupled with a decline in module prices has emerged as a major challenge to market growth. High cost of solar energy generation and low per capita income are also expected to have an unfavorable impact on the growth of the Chinese solar energy market. 

The report also incorporates the government initiatives undertaken to support the sustainable development of the solar energy market in China. This section includes a brief description of the major programs adopted with a view to promote the Chinese solar energy market. Major government incentives and regional subsidies have also been highlighted in this section. Emerging trends in the solar energy market include vertical integration, focus on thin film technology, focus on the export market and solar power plant construction. 

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This is followed by the mergers and acquisitions section, illustrating the recent mergers and acquisition activities that have taken place in the Chinese solar energy market. This section includes the announced date, closing date, target, buyer/investor, seller and deal size. 
The competition section outlays the competitive landscape of the solar energy market in China briefing about the domestic and foreign players existing in the market. This section provides a three dimensional analysis of domestic key players’ revenues, profits and market capitalization. The report also features brief profiles of major domestic and foreign players in the market and a snapshot of their corporation, financial performance along with the key financial ratios, business highlights and their product portfolio providing an insight into the existing competitive scenario. 

Some of the key statistics or factors impacting the solar energy market in China covered in the report includes global market size, global solar PV capacity , global solar heating capacity, global investment in solar technology, global solar panel prices, domestic market size, solar installation by application, energy demand in China , electricity demand in China, growth in solar power generation, renewable energy share, investment potential, per capita CO2 emission, rise in non fossil fuel usage, overcapacity in production, solar module price, conventional electricity tariff, cost of solar energy generation, per capita urban disposable income, major solar power projects, energy output of roof top solar cells, solar cell production split, growth in export share, production share of solar equipments. 

Key takeaway section summarizes the entire market in terms of opportunities, trends and challenges persisting in the solar energy market in China.

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According to BlueWeave Consulting, The Global Solar Energy Panel Market is expected to witness significant growth rate over the forecast period. Owing to the increasing government incentives for the adoption of solar panels along with the cost economics of poly silicon has expected to be the major driving factor of the global solar panel market. The solar panels convert solar energy into electricity which creates the pollution free environment and is more efficient than combustion technologies. The rapid expansion of solar photovoltaic (PV) installation capacities coupled with increasing demand for renewable power sources is boosting the solar energy panel market in coming years.

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Moreover, raising awareness about the benefits of solar panel and depletion of fossil fuels is expected to surge the demand for solar panels. The other key factors supporting the growth of the market are future energy supply security, increasing investment in clean energy, and low operating cost of the solar power plant. Additionally, the market for solar panels is increasing due to the growing awareness about solar panel power generation being less polluting and producing fewer carbon emissions. In addition, the falling prices of key raw materials of solar panels, including silver and polysilicon, along with the price drops for other industrial commodities that are used to make solar panels are expected to drive the market growth over the forecast period.

Commercial Sector Is Projected To Be the Most Lucrative Application Segment Of Global Solar Energy Panel Market During The Anticipated Period

In terms of applications, commercial sectors accounted for the largest market share in past years owing to factors such as high efficiency & utilization of direct current, etc. The emerging market provides various opportunities to the market players, owing to a rise in disposable incomes and rapid growth in the global economy. Moreover, the residential segment is expected to witness significant growth during the forecast period due to the increasing awareness and adoption of roof-top panels. Also, the utility-scale solar photovoltaic (PV) witness’s great demand owing to improving the cost competitiveness of solar photovoltaic (PV) and growth in electricity demand. Furthermore, the residential segment also witnessed sluggish growth in terms of installation of solar energy owing to discrepancies in sales strategies such as high installation and maintenance costs. However, rising development activities in developed countries such as Texas, Utah, Florida, and South California are expected to drive the segment over the forecast period, thereby generating the need for installation of renewable solar panel systems over the coming years.

Asia Pacific Region Is Expected To Be the Fastest Growing Region of Global Solar Energy Panel over the Forecast Period

The Asia Pacific region is expected to be the substantial growing regional segment for the solar panel market within the forecast period. Owing to growing urbanization and population explosion and low cost of the product, especially in developing countries like China and India, are expected to augment the demand for energy generation and construction activities in particular region. In addition, the growing investment in clean energy research & development in the emerging economies is expected to further boost the demand for solar energy panels in the coming years. Moreover, the European Region is expected to hold the lion share over the forecast period. Both Europe and the EU region, anticipate having strong growth in past years. While demand in the EU will be driven by the national binding 2020 renewables targets and low prices, the non-EU part of Europe will be propelled by Turkey’s solar program and solar’s attractive costs for the forthcoming years.

Global Solar Energy Panel Market: Competitive Landscape

Key players operating in the solar energy panel market includes 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 Suntech, Sharp Solar and Renewable Energy Corporation. Major Key Players are focused on organic and inorganic strategies such as merger & acquisition and new product launches to enhance their business and product.

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Research Framework

Research methodology

Executive Summary

Industry Insights

Global Solar Energy Panel Market Overview

Global Solar Energy Panel Market, By Solar Module

Global Solar Energy Panel Market, By Grid Type

Global Solar Energy Panel Market, By Application

Global Solar Energy Panel Market, By Region

Company Profile (Company Overview, Financial Matrix, and Key Product landscape, Key Personnel, Key Competitors, Contact Address, SWOT Analysis and Strategic Outlook)

Don’t miss the opportunity to strengthen your feet in global solar energy panel Market. Consult our analyst and gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides the growth potential, upcoming trends and statistics of Global solar energy panel Market size & forecast. The report promises to provide state-of-the-art technology of solar energy panel and industry insights which help decision makers to take sound strategic decisions. Furthermore, the report also analyzes the market drivers and challenges and competitive analysis of the market.

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As per the findings of a study conducted by Hexa Research, the total worldwide Solar PV (photovoltaic) installed capacity for 2020 will be more than 480GW. Key factors contributing to growth are higher global emphasis on clean energy production coupled with governmental support in the form of beneficial policies for development of Solar PV Market. Sunbelt countries will particularly gain from regulations like Feed in Tariff which is a preferential rate program.

Hexa Research foresees falling prices of energy generated using Solar PV in future, chiefly due to huge increase in capacity, especially in China. The global Solar PV market demands that companies employ innovation and differentiation strategies as a way to grow. Alliances and partnerships are crucial for gaining competitive edge.

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Non-residential applications of Solar PV are likely to grow at a CAGR higher than 19% from 2013 to 2020 owing to substitution of conventional energy forms by solar energy in Sunbelt regions. Hexa Research observed that Utility Solar PV, with more than 44% share in the total installed capacity, was the biggest end use segment in the global Solar PV market in 2012. The study forecasts that this segment will experience fastest growth in coming years.

Countries like Germany, France, and Spain, among others led to Europe hosting the largest capacity of Solar PV i.e. more than 68GW, in 2012. However, in future, most demand will be generated from rapidly developing Asia Pacific markets like China, India, Taiwan, etc. China, with factors like low raw material costs and supportive regulations will experience exponential growth at CAGR of more than 34.5% from 2013 to 2020. Lower than expected development of Solar PV in high-potential nations like Brazil and Chile in Latin America and Saudi Arabia in the Middle East may hinder market growth.

Key operators in the global Solar PV industry are Yingli Green Energy from China and First Solar from US. Other notable participants are Trina Solar, Sharp, REC, etc.

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