solar energy market

Net zero goals requires decarbonization in every aspect of human life, and renewable energy production is essential. Flexible solar cells are a compelling proposition because of their wide variety of existing and novel application areas. In contrast to conventional, fixed-format solar panels often crafted from crystalline silicon, flexible solar ce...

Solar energy constituted 65% of the total 295 GW installed renewable capacity in 2022. About 70% of the deployed solar panels were monofacial panels that generate electricity from only the top side of the panel. Despite their popularity, these monofacial panels have encountered challenges related to space efficiency, energy yield, and dependence on...

Global climate change concerns have spurred a flurry of investments in renewable energy sources and other decarbonization initiatives. Efforts to focus on renewables were initiated at the 2016 COP21 in Paris, which led to countries setting renewable energy targets to achieve by 2030 in an attempt to mitigate global warming. More recently, at COP26,...

23 Dec 2022  |  Global

Growth Opportunities in Global Solar Photovoltaic Materials

Incremental Improvements Drive Competitive Intensity in the Growing Solar PV Market

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The manufacturing of solar modules is a complex process that involves the use of various chemicals at each stage to construct cells and the elements that surround them. Chemical companies contribute to the supply chain by providing solar silicon, assorted films, glass, silicones, aluminum frames, and other components and materials to ingot, wafer, ...

Because of the increasing population, land acquisition costs are increasing, which presents a challenge for the conventional land-based solar power industry. Floating solar photovoltaics (FSPVs), also known as floatovoltaics, do not require land and will play a major role in the renewable industry in the coming years. FSPVs float on bodies of water...

As the solar energy industry progresses on its path to becoming elemental to global energy supply, newer generation solar cells must overcome the limitations of silicon solar cells used today. These issues include material wastage during manufacturing, inability to provide flexible cell formats, and limitations to theoretical efficiency at a maximu...

The residential solar PV segment is witnessing a period of fast growth, driven by a combination of an increasingly favorable regulatory climate, higher electricity prices, and concerns over climate change. The restraints that have held the market back, primarily delays in approvals, have grown weaker, as governments gradually tackle these issues. T...

Solar PV is the most advantageous of renewable power sources. In most parts of the world, light is abundant throughout the year, and solar PV is a low-investment, minimal-maintenance option. Unlike wind farms that require extensive land, resource optimization is possible with solar PV. In addition, developers can execute projects in as quickly as 3...

This research service focuses on new and disruptive technologies in the concentrated solar power (CSP) industry. Solar energy technology has witnessed consistent improvements in terms of energy and cost efficiency. While solar photovoltaics is currently the most widely adopted method of solar energy utilization, CSP technology has several features ...

Global concerns about climate change have spurred a flurry of investments in renewable energy sources and other decarbonization initiatives. The efforts to focus on renewables were initiated at the 2016 COP21 in Paris, which led to countries setting renewable energy targets to achieve by 2030 in attempt to mitigate global warming. More recently, at...

09 Feb 2022  |  Global

Global Solar PV Services Growth Opportunities

Advanced Service Offerings and Upcoming Projects are Set to Fuel a Strong Growth Pipeline

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Climate change has spurred a flurry of investments in renewable sources and decarbonization efforts. Following the COP21, Paris (2016) which proposed renewable source targets to be achieved by 2030, more than 100 countries pledged to cut methane emissions by 30.0% from 2020 levels at the recent COP26; this is likely to have a direct impact on the e...

04 Aug 2021  |  Global

Global Solar Pump Growth Opportunities

As Market Opportunities Improve, Incentives will Remain an Important Driver for the Adoption of Solar Pumps

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This Frost & Sullivan research service analyzes the global solar pumps market and provides information about total market revenue by analyzing key regions such as North America, Latin America, Europe, the Middle East and Africa (MEA), and Asia-Pacific (APAC). The study discusses major trends and the prevailing scenario across all regions. Demand fo...

The study covers a macro assessment, market segmentation and sizing, assessment of competitors, value chain analysis, and growth opportunities for rooftop solar photovoltaic installations for residential and non-residential (defined as business-to-business [B2B]) buildings in Thailand. Commercial and industrial building segments are the most att...

Traditional inspection approaches for solar and wind farms require are labor intensive and time-consuming techniques. The experts have to be dispatched to the fields, capture the photos, and perform the inspection tasks. In some cases, the image may not be complete and clear as needed, which causes difficulties for further diagnosis and damages ana...

08 Apr 2021  |  South Asia, Middle East & North Africa

Transformative Mega Trends in the Indian Solar Inverters Market

Future Growth Potential Enhanced by Rooftop Inverter Opportunities and C&I Segment Contribution

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India is a signatory to the Paris climate change agreement, which requires at least 40% of its energy to be from renewable sources by 2030. By 2022, India targets 175GW from renewable sources, out of which it plans to achieve 100GW from solar sources with rooftop solar contributing about 40GW. The Ministry of Renewable Energy has launched a number...

Renewable energy integration has been a key phenomenon within the energy industry to reduce dependency on fossil fuels while ensuring environmental sustainability. Solar energy has been among the primary technologies addressing the concerns associated with climate change and depleting conventional fuel reserves. Solar companies today are continuous...

The global energy industry has witnessed a significant turnaround in the recent years with primary technological breakthroughs being aligned to establish a low carbon energy ecosystem while reducing dependency on conventional fuel reserves. Amidst the ongoing transformation, the solar industry in itself is witnessing a shift from first generation s...

Even though more than 70% of our planet's surface is covered with water, water scarcity, i.e., lack of access to clean drinking water, is widespread and remains on the rise: it is found in both growing and developed economies. Further, driven by declining freshwater resources and increasing water demand around the world, water utilities have begun ...

17 Aug 2020  |  South Asia, Middle East & North Africa

Solar PV Dominating Investment Opportunities in Renewable Sector Across the Middle East, 2020–2025

Opportunities Abound for Renewable Companies with Possible RE Capacity Addition of More Than 57.0 GW on the Radar

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Sustainable development is the theme gaining unparalleled levels of attention and importance across the globe. The Middle East hosts top oil exporters in the world along with some of the top carbon emitters. The onus to reduce greenhouse gases (GHG) has fallen on the region and, therefore, the countries in the region have ambitious targets to promo...