USD XX billion
Report ID: SQSG45O2001 | Region: Global | Published Date: November, 2022 | Pages: 157 | Tables: 63 | Figures: 65
Frameless Solar Panel Market was valued at USD XX billion in 2021, and it is expected to reach a value of USD XX billion by 2028, at a CAGR of more than XX% over the forecast period (2022- 2028).
Frameless solar panels, commonly referred to as "glass-on-glass" modules, are an attractive alternative to conventional solar panels. Since no support frameworks need to be built before they can be put, they give the impression of floating. The glass is thickened by the addition of solar cells between the two layers, which gives the structure support and strength. When compared to conventional panels, these panels and modules have many benefits. For instance, frameless solar panels cost far less than conventional panels.
Due to their lighter weight and higher package density, they also save shipping costs. These panels' performance is improved because there is minimal to no debris accumulation because they don't have any aluminium frames.
Their aesthetic appeal, which has been criticised for being lacking in traditional solar modules, is, nevertheless, their greatest asset. In order to instal frameless solar panels in various structures, numerous installation methods and procedures have been created. To put these solar panels into ground-mounted and ballasted systems, such as those in open fields or desert regions, for instance, adhesive-based solutions have been developed. Adhesives are a reliable choice because the construction sector relies significantly on them, and they can thus be used with confidence for solar systems. Similar to this, solar panels can be put on "pitched" or downward-sloping roofs using frameless clamps with rubber guards to protect the glass. This eliminates the requirement for frames while still enabling a conventional installation process. These developments have made it possible to place solar panels in unusual locations and have made it possible to embrace solar energy technology.
US Frameless Solar Panel Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD XX billion
more than XX% CAGR
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Global Frameless Solar Panel Market is segmented based on the Product, and region. Based on the Product, the Global Frameless Solar Panel Market is segmented as monocrystalline, polycrystalline, and thin-film panels, and Others. Based on Region it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Frameless Solar Panel Market Analysis by Product
Based on the Product, frameless solar panels are segmented into various types, such as monocrystalline, polycrystalline, and thin-film panels. In comparison to other panels, monocrystalline panels, which are built of monocrystalline silicon, offer the best efficiency. The purity of the silicon utilized to create these panels is mostly responsible for this. Due to their much higher output, prolonged endurance, and ergonomic designs, they are also the most expensive variety. Due to their high cost, monocrystalline panels are generally preferred for commercial projects because they are more energy-efficient than their alternative. Alternatively, polycrystalline solar panels are more affordable and have a wider range of uses in residential settings.
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Europe and North America presently account for the majority of the market for frameless solar panels and are likely to continue to do so over the forecast period, due to planned investments in the renewable energy industry. The solar industry will witness substantial growth by 2024, according to an estimate by the US-based Solar Energy Industries Association (SEIA). The research will make account of the fact that more Americans are using solar electricity thanks to growing industry investment. For instance, according to SEIA projections, the number of solar installations will rise from the current 2 million to 4 million in 2023, a 100% increase in less than 4 years. This will cause the market for frameless solar panels to grow significantly.
On the other hand, Asia Pacific is anticipated to benefit from the highest market opportunity due to the rising great potential of planned solar projects in the years ahead. The growth rate of the Asia-Pacific market will be strongly influenced by government-led initiatives. For instance, at the Paris Climate Summit in 2015, India announced the creation of the International Solar Alliance. Also, China is making efforts toward building a foundation for connecting renewable energy sources, especially solar energy.
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Global Frameless Solar Panel Market is relatively fragmented. Also, many companies all over the world are adopting different strategies to mark their presence and make their products visible in the solar industry. Some of the most notable developments in the global frameless solar panels market
Frameless Solar Panel Market Top Player's Company Profiles
Frameless Solar Panel Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Frameless Solar Panel Market Analysis, in terms of Product, the market is segmented as monocrystalline, polycrystalline, and thin-film panels, and Others. Among these, monocrystalline panels, which are built of monocrystalline silicon, offer the best efficiency.In terms of Application, the market is segmented into commercial and residential. Among the regions, Europe and North America held the largest share due to planned investments in the renewable energy industry.
|Market size value in 2021||USD XX billion|
|Market size value in 2028||USD XX billion|
|Growth Rate||more than XX%|
|Forecast period||2022- 2028|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Frameless Solar Panel Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Frameless Solar Panel Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Frameless Solar Panel Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Frameless Solar Panel Market for additional countries.
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