Frameless Solar Panel Market Regional Analysis

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.