The report “Global Frameless Solar Panels Market, By Type (Monocrystalline Solar Panels, Polycrystalline Solar Panels, Thin-film Solar Panels), By Application (Residential, Commercial, Others) and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) – Trends, Analysis and Forecast till 2029”.
Demand for renewable energy and government policy tax rebates & incentives
Growing demand for renewable-based clean electricity coupled with government policy tax rebates and incentives to install solar panels is expected to drive the market in the coming years. For instance, the Ministry of New and Renewable Energy (MNRE) of the Government of India is promoting the installation of solar PV systems in the country under the Jawaharlal Nehru National Solar Mission. Apart from this, ultrathin solar panels have been developed which are lighter and more flexible than the glass-based variants. They are superior to conventional solar panels in terms of efficiency and cost-effectiveness. They can also be integrated into almost any surface, which will further boost their applicability across various sectors.
Growth of power generation sector
The growth of frameless solar panel is primarily driven by the growth of power generation sector. Depletion of oil reserves and increasing carbon emission has greatly impacted the frameless solar panel market. Strong government support and initiative is accelerating the frameless solar panel market growth. According to the data released by Department for Promotion of Industry and Internal Trade (DPIIT), FDI inflow in the Indian non-conventional energy sector stood at US$ 9.22 billion between April 2000 and March 2020. More than US$ 42 billion has been invested in India’s renewable energy sector since 2014. New investment in clean energy in the country reached US$ 11.1 billion in 2018. However, the huge installation cost might be hampering the growth of the market.
Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Frameless Solar Panels Market,”, By Type (Monocrystalline Solar Panels, Polycrystalline Solar Panels, Thin-film Solar Panels), By Application (Residential, Commercial, Others), and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) – Trends, Analysis and Forecast till 2029
Key Market Insights from the report:
The global frameless solar panels market is anticipated to register a CAGR of 7.5%. The market report has been segmented on the basis of type, application, and region.
To know the upcoming trends and insights prevalent in this market, click the link below:
The prominent player operating in the global ethnic food market includes Canadian Solar Inc., Trina Solar, Lumos Solar, Solar World, Adani Solar, Prism Solar Technologies, Jinko Solar, Sunpreme, dpSun Limited, Avancis GmbH. High degree of forward integration, security of raw material feedstock, technology sourcing, skilled manpower, and strong R&D are among the prominent factors governing the competitiveness of the frameless solar panel industry.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
About Prophecy Market Insights
Prophecy Market Insights is specialized market research, analytics, marketing/business strategy, and solutions that offers strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high-value opportunities in the target business area. We also help our clients to address business challenges and provide the best possible solutions to overcome them and transform their business.
Some Important Points Answered in this Market Report Are Given Below:
Key Topics Covered
To know more
Prophecy Market Insights
+1 860 531 2701