PERC Solar Panels Market By Type, By Application, By Mounting, By Installation : Global Opportunity Analysis and Industry Forecast, 2023-2032

Description

List of Tables

According to a new report published by Allied Market Research, titled, "PERC Solar Panels Market," The perc solar panels market was valued at $140.4 billion in 2022, and is estimated to reach $304.9 billion by 2032, growing at a CAGR of 8.2% from 2023 to 2032.

A sort of solar panel technology known as PERC increases the effectiveness of photovoltaic (PV) cells. The PERC design tries to boost solar panels' energy output by minimizing energy loss brought on by recombination and reflection. In a PERC solar panel, a layer of material is applied to the PV cell's back side to reduce the amount of electron recombination there. Recombination can be decreased so that more electrons are accessible to produce power, increasing total efficiency.

There is a global push to transition to renewable energy sources due to increasing concerns about climate change and the limited availability of fossil fuels. Solar power stands out as a clean and abundant energy option and PERC solar panels have emerged as a highly efficient technology within the solar industry. Moreover, PERC solar panels offer substantial environmental benefits compared to conventional energy sources. By harnessing sunlight and converting it into electricity these panels generate power without emitting greenhouse gases or other harmful pollutants. This characteristic aligns with the goals of reducing carbon emissions and mitigating climate change. PERC solar panels enable users to generate their electricity, reducing reliance on traditional power grids and mitigating the impact of potential energy crises or disruptions. Many governments worldwide have implemented supportive policies and financial incentives to promote renewable energy adoption. These measures include subsidies, tax credits, net metering programs, and feed-in tariffs, which make it financially attractive for individuals and businesses to invest in PERC solar panels.

Solar panels' efficiency may decrease due to reasons such as potential-induced deterioration and light-driven degradation. Furthermore, mono-PERC solar panels are susceptible to efficiency losses. Continuous exposure to high temperatures might cause a progressive deterioration in overall performance. These are the major factors projected to hamper the market revenue growth. When evaluating the long-term efficiency and performance of solar panels, several elements must be considered. Regular maintenance and monitoring can assist reduce degradation and maximize the performance of solar panel installations.

PERC solar panels exhibit better performance in high-temperature conditions compared to conventional panels. PERC solar panels are designed to reduce electron recombination on the rear surface, leading to improved power output. In high-temperature environments, conventional solar panels tend to experience a decrease in efficiency due to increased electron recombination. However, PERC panels can maintain higher power output, making them more efficient and productive in hot climates. This enhanced energy production is attractive to both residential and commercial solar installations. Moreover, the superior performance of PERC solar panels in high temperatures makes them well-suited for installation in regions with hot climates. Areas such as deserts or tropical regions, where the ambient temperatures can be consistently high, can benefit greatly from the deployment of PERC panels. These regions often have abundant sunlight and can now harness that energy more effectively due to PERC technology. High temperatures can put a strain on solar panels, affecting their lifespan and long-term performance. PERC panels' ability to handle high-temperature conditions more effectively can lead to increased reliability and durability. This advantage is crucial for solar installations in regions prone to heat stress, as it helps minimize potential performance degradation and extends the lifespan of the panels. The unique benefits of PERC solar panels in high temperatures are expected to create opportunities for market players.

The COVID-19 pandemic had significant impacts on the market for PERC solar panels. The pandemic disrupted global supply chains, including the production and transportation of solar components. Manufacturing facilities faced temporary shutdowns or reduced capacity, leading to delays in production and delivery of solar panels, including PERC panels. Lockdown measures, economic uncertainties, and reduced consumer spending had the potential to impact the demand for solar installations. Projects were postponed or canceled, which affected the demand for PERC solar panels. The economic downturn caused by the pandemic made it more challenging for solar project developers to secure financing. This slowed down the deployment of solar projects, including those using PERC panels. Some governments implemented policy changes or shifted priorities in response to the pandemic, which affected the solar industry. Changes in incentives, subsidies, or regulations also impacted the adoption and deployment of PERC solar panels.

The key players profiled in this report include: Sunnova Energy International, Inc., Jinko Solar, Canadian Solar, SolarEdge, First Solar, Inc., Trina Solar, JA Solar Holdings Co. Ltd., SunPower Corporation, Wuxi Suntech Power Co., Ltd., and REC Solar Holdings AS. The market players are continuously striving to achieve a dominant position in this competitive market using strategies such as collaborations and acquisitions.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the perc solar panels market analysis from 2022 to 2032 to identify the prevailing PERC solar panel market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the perc solar panels market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global perc solar panels market trends, key players, market segments, application areas, and market growth strategies.

Additional benefits you will get with this purchase are:

Quarterly Update and* (only available with a corporate license, on listed price)
5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
Free Upcoming Version on the Purchase of Five and Enterprise User License.
16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
15% Free Customization* (in case the scope or segment of the report does not match your requirements, 20% is equivalent to 3 working days of free work, applicable once)
Free data Pack on the Five and Enterprise User License. (Excel version of the report)
Free Updated report if the report is 6-12 months old or older.
24-hour priority response*
Free Industry updates and white papers.

Possible Customization with this report (with additional cost and timeline talk to the sales executive to know more)

Product Benchmarking / Product specification and applications
Technology Trend Analysis
New Product Development/ Product Matrix of Key Players
Regulatory Guidelines
Additional company profiles with specific to client's interest
Criss-cross segment analysis- market size and forecast
Expanded list for Company Profiles
Historic market data
Import Export Analysis/Data
Key player details (including location, contact details, supplier/vendor network etc. in excel format)
List of customers/consumers/raw material suppliers- value chain analysis
SWOT Analysis

Key Market Segments

By Mounting

Roof-top
Ground-mounted

By Installation

On-grid
Off-grid
Hybrid

By Type

Mono-crystalline
Polycrystalline

By Application

Residential
Commercial
Utility

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
LAMEA
- Brazil
- United Arab Emirates
- Saudi Arabia
- South Africa
- Rest of LAMEA

Key Market Players:

Canadian Solar
First Solar, Inc.
JA Solar Holdings Co. Ltd.
Jinko Solar
REC Solar Holdings AS
SolarEdge
Sunnova Energy International, Inc.
SunPower Corporation
Trina Solar
Wuxi Suntech Power Co., Ltd.

Product Code: A74659

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
3.3. Porter's five forces analysis
3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities
3.5. COVID-19 Impact Analysis on the market
3.6. Average Selling Price
3.7. Market Share Analysis
3.8. Brand Share Analysis
3.9. Trade Data Analysis
3.10. Product Consumption
3.11. Value Chain Analysis
3.12. Key Regulation Analysis
3.13. Patent Landscape
3.14. Regulatory Guidelines

CHAPTER 4: PERC SOLAR PANELS MARKET, BY TYPE

4.1. Overview
- 4.1.1. Market size and forecast
4.2. Mono-crystalline
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
4.3. Polycrystalline
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country

CHAPTER 5: PERC SOLAR PANELS MARKET, BY APPLICATION

5.1. Overview
- 5.1.1. Market size and forecast
5.2. Residential
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
5.3. Commercial
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
5.4. Utility
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country

CHAPTER 6: PERC SOLAR PANELS MARKET, BY MOUNTING

6.1. Overview
- 6.1.1. Market size and forecast
6.2. Roof-top
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
6.3. Ground-mounted
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country

CHAPTER 7: PERC SOLAR PANELS MARKET, BY INSTALLATION

7.1. Overview
- 7.1.1. Market size and forecast
7.2. On-grid
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by region
- 7.2.3. Market share analysis by country
7.3. Off-grid
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by region
- 7.3.3. Market share analysis by country
7.4. Hybrid
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by region
- 7.4.3. Market share analysis by country

CHAPTER 8: PERC SOLAR PANELS MARKET, BY REGION

8.1. Overview
- 8.1.1. Market size and forecast By Region
8.2. North America
- 8.2.1. Key trends and opportunities
- 8.2.2. Market size and forecast, by Type
- 8.2.3. Market size and forecast, by Application
- 8.2.4. Market size and forecast, by Mounting
- 8.2.5. Market size and forecast, by Installation
- 8.2.6. Market size and forecast, by country
  - 8.2.6.1. U.S.
  - 8.2.6.1.1. Key market trends, growth factors and opportunities
  - 8.2.6.1.2. Market size and forecast, by Type
  - 8.2.6.1.3. Market size and forecast, by Application
  - 8.2.6.1.4. Market size and forecast, by Mounting
  - 8.2.6.1.5. Market size and forecast, by Installation
  - 8.2.6.2. Canada
  - 8.2.6.2.1. Key market trends, growth factors and opportunities
  - 8.2.6.2.2. Market size and forecast, by Type
  - 8.2.6.2.3. Market size and forecast, by Application
  - 8.2.6.2.4. Market size and forecast, by Mounting
  - 8.2.6.2.5. Market size and forecast, by Installation
  - 8.2.6.3. Mexico
  - 8.2.6.3.1. Key market trends, growth factors and opportunities
  - 8.2.6.3.2. Market size and forecast, by Type
  - 8.2.6.3.3. Market size and forecast, by Application
  - 8.2.6.3.4. Market size and forecast, by Mounting
  - 8.2.6.3.5. Market size and forecast, by Installation
8.3. Europe
- 8.3.1. Key trends and opportunities
- 8.3.2. Market size and forecast, by Type
- 8.3.3. Market size and forecast, by Application
- 8.3.4. Market size and forecast, by Mounting
- 8.3.5. Market size and forecast, by Installation
- 8.3.6. Market size and forecast, by country
  - 8.3.6.1. Germany
  - 8.3.6.1.1. Key market trends, growth factors and opportunities
  - 8.3.6.1.2. Market size and forecast, by Type
  - 8.3.6.1.3. Market size and forecast, by Application
  - 8.3.6.1.4. Market size and forecast, by Mounting
  - 8.3.6.1.5. Market size and forecast, by Installation
  - 8.3.6.2. UK
  - 8.3.6.2.1. Key market trends, growth factors and opportunities
  - 8.3.6.2.2. Market size and forecast, by Type
  - 8.3.6.2.3. Market size and forecast, by Application
  - 8.3.6.2.4. Market size and forecast, by Mounting
  - 8.3.6.2.5. Market size and forecast, by Installation
  - 8.3.6.3. France
  - 8.3.6.3.1. Key market trends, growth factors and opportunities
  - 8.3.6.3.2. Market size and forecast, by Type
  - 8.3.6.3.3. Market size and forecast, by Application
  - 8.3.6.3.4. Market size and forecast, by Mounting
  - 8.3.6.3.5. Market size and forecast, by Installation
  - 8.3.6.4. Spain
  - 8.3.6.4.1. Key market trends, growth factors and opportunities
  - 8.3.6.4.2. Market size and forecast, by Type
  - 8.3.6.4.3. Market size and forecast, by Application
  - 8.3.6.4.4. Market size and forecast, by Mounting
  - 8.3.6.4.5. Market size and forecast, by Installation
  - 8.3.6.5. Italy
  - 8.3.6.5.1. Key market trends, growth factors and opportunities
  - 8.3.6.5.2. Market size and forecast, by Type
  - 8.3.6.5.3. Market size and forecast, by Application
  - 8.3.6.5.4. Market size and forecast, by Mounting
  - 8.3.6.5.5. Market size and forecast, by Installation
  - 8.3.6.6. Rest of Europe
  - 8.3.6.6.1. Key market trends, growth factors and opportunities
  - 8.3.6.6.2. Market size and forecast, by Type
  - 8.3.6.6.3. Market size and forecast, by Application
  - 8.3.6.6.4. Market size and forecast, by Mounting
  - 8.3.6.6.5. Market size and forecast, by Installation
8.4. Asia-Pacific
- 8.4.1. Key trends and opportunities
- 8.4.2. Market size and forecast, by Type
- 8.4.3. Market size and forecast, by Application
- 8.4.4. Market size and forecast, by Mounting
- 8.4.5. Market size and forecast, by Installation
- 8.4.6. Market size and forecast, by country
  - 8.4.6.1. China
  - 8.4.6.1.1. Key market trends, growth factors and opportunities
  - 8.4.6.1.2. Market size and forecast, by Type
  - 8.4.6.1.3. Market size and forecast, by Application
  - 8.4.6.1.4. Market size and forecast, by Mounting
  - 8.4.6.1.5. Market size and forecast, by Installation
  - 8.4.6.2. Japan
  - 8.4.6.2.1. Key market trends, growth factors and opportunities
  - 8.4.6.2.2. Market size and forecast, by Type
  - 8.4.6.2.3. Market size and forecast, by Application
  - 8.4.6.2.4. Market size and forecast, by Mounting
  - 8.4.6.2.5. Market size and forecast, by Installation
  - 8.4.6.3. India
  - 8.4.6.3.1. Key market trends, growth factors and opportunities
  - 8.4.6.3.2. Market size and forecast, by Type
  - 8.4.6.3.3. Market size and forecast, by Application
  - 8.4.6.3.4. Market size and forecast, by Mounting
  - 8.4.6.3.5. Market size and forecast, by Installation
  - 8.4.6.4. South Korea
  - 8.4.6.4.1. Key market trends, growth factors and opportunities
  - 8.4.6.4.2. Market size and forecast, by Type
  - 8.4.6.4.3. Market size and forecast, by Application
  - 8.4.6.4.4. Market size and forecast, by Mounting
  - 8.4.6.4.5. Market size and forecast, by Installation
  - 8.4.6.5. Australia
  - 8.4.6.5.1. Key market trends, growth factors and opportunities
  - 8.4.6.5.2. Market size and forecast, by Type
  - 8.4.6.5.3. Market size and forecast, by Application
  - 8.4.6.5.4. Market size and forecast, by Mounting
  - 8.4.6.5.5. Market size and forecast, by Installation
  - 8.4.6.6. Rest of Asia-Pacific
  - 8.4.6.6.1. Key market trends, growth factors and opportunities
  - 8.4.6.6.2. Market size and forecast, by Type
  - 8.4.6.6.3. Market size and forecast, by Application
  - 8.4.6.6.4. Market size and forecast, by Mounting
  - 8.4.6.6.5. Market size and forecast, by Installation
8.5. LAMEA
- 8.5.1. Key trends and opportunities
- 8.5.2. Market size and forecast, by Type
- 8.5.3. Market size and forecast, by Application
- 8.5.4. Market size and forecast, by Mounting
- 8.5.5. Market size and forecast, by Installation
- 8.5.6. Market size and forecast, by country
  - 8.5.6.1. Brazil
  - 8.5.6.1.1. Key market trends, growth factors and opportunities
  - 8.5.6.1.2. Market size and forecast, by Type
  - 8.5.6.1.3. Market size and forecast, by Application
  - 8.5.6.1.4. Market size and forecast, by Mounting
  - 8.5.6.1.5. Market size and forecast, by Installation
  - 8.5.6.2. United Arab Emirates
  - 8.5.6.2.1. Key market trends, growth factors and opportunities
  - 8.5.6.2.2. Market size and forecast, by Type
  - 8.5.6.2.3. Market size and forecast, by Application
  - 8.5.6.2.4. Market size and forecast, by Mounting
  - 8.5.6.2.5. Market size and forecast, by Installation
  - 8.5.6.3. Saudi Arabia
  - 8.5.6.3.1. Key market trends, growth factors and opportunities
  - 8.5.6.3.2. Market size and forecast, by Type
  - 8.5.6.3.3. Market size and forecast, by Application
  - 8.5.6.3.4. Market size and forecast, by Mounting
  - 8.5.6.3.5. Market size and forecast, by Installation
  - 8.5.6.4. South Africa
  - 8.5.6.4.1. Key market trends, growth factors and opportunities
  - 8.5.6.4.2. Market size and forecast, by Type
  - 8.5.6.4.3. Market size and forecast, by Application
  - 8.5.6.4.4. Market size and forecast, by Mounting
  - 8.5.6.4.5. Market size and forecast, by Installation
  - 8.5.6.5. Rest of LAMEA
  - 8.5.6.5.1. Key market trends, growth factors and opportunities
  - 8.5.6.5.2. Market size and forecast, by Type
  - 8.5.6.5.3. Market size and forecast, by Application
  - 8.5.6.5.4. Market size and forecast, by Mounting
  - 8.5.6.5.5. Market size and forecast, by Installation

CHAPTER 9: COMPETITIVE LANDSCAPE

9.1. Introduction
9.2. Top winning strategies
9.3. Product Mapping of Top 10 Player
9.4. Competitive Dashboard
9.5. Competitive Heatmap
9.6. Top player positioning, 2022

CHAPTER 10: COMPANY PROFILES

10.1. Sunnova Energy International, Inc.
- 10.1.1. Company overview
- 10.1.2. Key Executives
- 10.1.3. Company snapshot
10.2. Jinko Solar
- 10.2.1. Company overview
- 10.2.2. Key Executives
- 10.2.3. Company snapshot
10.3. Canadian Solar
- 10.3.1. Company overview
- 10.3.2. Key Executives
- 10.3.3. Company snapshot
10.4. SolarEdge
- 10.4.1. Company overview
- 10.4.2. Key Executives
- 10.4.3. Company snapshot
10.5. First Solar, Inc.
- 10.5.1. Company overview
- 10.5.2. Key Executives
- 10.5.3. Company snapshot
10.6. Trina Solar
- 10.6.1. Company overview
- 10.6.2. Key Executives
- 10.6.3. Company snapshot
10.7. JA Solar Holdings Co. Ltd.
- 10.7.1. Company overview
- 10.7.2. Key Executives
- 10.7.3. Company snapshot
10.8. SunPower Corporation
- 10.8.1. Company overview
- 10.8.2. Key Executives
- 10.8.3. Company snapshot
10.9. Wuxi Suntech Power Co., Ltd.
- 10.9.1. Company overview
- 10.9.2. Key Executives
- 10.9.3. Company snapshot
10.10. REC Solar Holdings AS
- 10.10.1. Company overview
- 10.10.2. Key Executives
- 10.10.3. Company snapshot