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Market Research Report
Product code
1059586
Global Flexible Solar Panels Market by Type and Application : Global Opportunity Analysis and Industry Forecast, 2021-2030 |
Global Flexible Solar Panels Market by Type and Application : Global Opportunity Analysis and Industry Forecast, 2021-2030 |
Published: December 24, 2021
Allied Market Research
Content info: 202 Pages
Delivery time: 2-3 business days
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The global flexible solar panels market size was valued at $464.31 million in 2020, and projected to reach $914.07 million by 2030, with a CAGR of 7.1% from 2021 to 2030.
Solar Flexible solar panels is the one that is covered by a thin layer of photovoltaic material on a substrate such as plastic, copper, and glass. This kind of solar panel technology is one of the most innovative and game-changing factor in the solar energy sector. Flexible solar panels are flexible, very thin, lightweight, have very low installation costs, and can be installed anywhere without much difficulty compared to traditional solar panels. Flexible solar panels are made using flexible substrates and the roll-to-roll production technique, which can reduce production cost as they have low material consumption and thermal necessities.
The impact of COVID-19 on the tourism industry and the shutdown of the transportation system across the globe have great impact on the global flexible solar panels market. The flexible solar panels have wide range of applications. It is used as a power source in camping, for tourism related automotive such as RVs, boats, and others. RVs and personal automotive related products are in high demand after the decline of the pandemic effects, which led to the increase in demand for flexible solar panels.
Flexible solar panels have high applications in the field of aerospace as it can solve one of the largest problems such as need for more power to increase the variety of applications faced by the aerospace industry as it involves size, weight and power. The ever expanding solar energy industry over the past decade and most of these technologies are too heavy and rigid for aerospace hence thin film based solar technologies are now being actively used by the aerospace designers as an additional power source by transforming the wings. The successful trials of the solar variant prototype AV Puma and C-Astral from European UAV company in past two years has opened up the idea of adding capability to break through the ceiling of the aircraft and UAV performance. The presence of wide range of application of these solar variants in the military and other information collection service led to the development of the flexible solar panel market.
The major factors that hamper the development of the flexible solar panels are mainly due to the low efficiency and immature technology for large scale application such as in BIPV compared to the conventional solar panels. The rapid innovation and development of technology in the field of solar energy is expected to provide lucrative opportunities for the growth of the global flexible solar panels market.
The flexible solar panels market is segmented on the basis of type, application, and region.
On the basis of type of flexible solar panels, the global flexible solar panels market is segmented into amorphous silicon, CdTe, CIGS, and others. On the basis of application, the global flexible solar panels market is segmented into residential, industrial, aerospace, automotive, and others.
Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, Asia-Pacific accounts for the largest share of the market, followed by North America and Europe.
The major companies profiled in this report include Alta Devices, Enecom, Flisom, Global Solar Energy, Inc., Miasole, Powerfilm Solar, Inc., Solbian, Solopower System, Sun Harmonics, and Sunpower Corporation. Rapid industrialization, modernization, and spread of information through internet has led to the development of tourism industry, which in-turn has fueled the demand for flexible solar panels. Additional growth strategies such as expansion of production capacities, acquisition, partnership, and research & innovation in the solar energy application have helped to attain key developments in the global flexible solar panels market trends.
In addition to the above mentioned companies, Fwave Company Limited, Renogy, Sunflare, Sungold, and Uni-Solar also compete for the share of the market through product launch, partnership, and expansion of the production capabilities to meet the future demand for the flexible solar panels during the forecast period.
By Type
By Application
By Region
Key players in the flexible solar panel market are: