Solar
energy is one of the most reliable and clean energy resources. PV
module is the key component of solar based energy generation.
Photovoltaic (PV) converts light energy into electricity with help of
semiconductor materials. Photovoltaic system works on solar panels,
each consist of solar cells, which generate electrical energy. PV
module installations may be rooftop mounted, and ground-mounted.
Costs for solar power are falling rapidly. Further, “grid parity”
has been achieved in many countries, while new markets for the solar
industry are opening in emerging and developing nations. Policy and
regulatory incentives, over supply of installation components, and
advancements in technology are driving down the reduction in cost.
Solar PV module systems are helping in delivering clean, safe,
affordable, and decentralized electricity to people.
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The
PV module consists of components such as protective material, frame,
enclosure and junction box. The most significant factors that led to
the growth of PV module in solar energy market are dynamic changes of
fossil fuel prices and higher demand for renewable energy source. The
other factors that facilitate the growth of PV module in solar energy
market includes higher investments in R&D, stringent government
norms, and the support programs that is making installation of PV
module more cost competitive. Introduction of net metering and power
purchase agreements will further stimulate the business landscape.
One of the key factor which is driving the growth of PV module of
solar energy market is the shift in consumer preference.
Environmental concerns over the greenhouse gas emissions associated
with fossil fuel works in favor of solar energy market. The major
restraining factor for PV module in solar energy market is the high
capital investment. However, the government support programs making
solar power more cost competitive.
The
PV
module in solar energy market is segmented on the basis of
technology, product, connectivity, Mounting, application and
geography. By technology the solar energy market including PV module
is bifurcated as thin film and crystalline silicon. On the basis of
product the market is further segmented into Monocrystalline,
Polycrystalline, Cadmium Telluride (CdTe), Amorphous Silicon (A-Si),
Copper Indium Gallium Di-selenide (CIGS). Single crystalline is the
most efficient sunlight conversion technology available. Its module
efficiency averages about 10% to 12%, polycrystalline or
multicrystalline has low manufacturing cost and module efficiency
averages about 10% to 11%.In string ribbon cost of manufacturing is
low and Module efficiency is average 7% to 8%, for amorphous or thin
film The cost of manufacturing is lower than any other method and
Module efficiency averages 5% to 7%.By connectivity the solar PV
module market is divided into on-grid and off-grid. Further by
mounting solar PV module market is segmented as ground mounted and
roof-top. On the basis of applications, PV module solar energy market
is segregated into groups which includes agriculture &
horticulture, transportation, architecture and others.
Geographically
the solar energy market in PV modules covers Europe, North America,
Asia Pacific, South America and Middle East & Africa region.
Europe is expected to dominate the global solar energy market
including PV module in it. Asia Pacific anticipated to experiences
the healthy market growth as this region have the high adoption of
solar energy equipment.
Key
players for solar sensor market in PV module First Solar Inc., Sharp
Corporation, Trina Solar Limited, Yingli Solar, RGS Energy, Verengo
Inc, JA Solar, Hanwha Q Cells, ReneSola, GT Advantage Technologies,
and Motech Industries Inc. In order to gain a competitive advantage
in the industry, these players are actively involved in organic and
inorganic growth strategies. Collaborations, partnerships,
agreements, and new product launches are some of the important
strategies followed by them.
The
programmable stage lighting market is segmented on the basis of
geography into North America, South America, Europe, Asia Pacific,
and Middle East & Africa. The U.S. is anticipated to hold
significant market share in programmable stage lighting market
followed by Europe due to the number of stage shows performed by
artists frequently. However, the Asia-Pacific region is expected to
emerge as the one of the fastest growing market in coming years due
to developing entertainment industry in economies such as China,
India and Japan.
Some
of the major players in programmable stage lighting includes Martin
(Brand by Harman), Chroma-Q, Apollo Lighting, Philips Lighting
Holding B.V., General Electric, Times Square Lighting, Blizzard
Lighting, Altman Lighting, Chauvet Professional, and ADJ products
among others
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