What is the global market size of Frameless Solar Panel Market?

Frameless Solar Panel Market was valued at USD XX billion in 2019, and it is expected to reach a value of USD XX billion by 2031, at a CAGR of more than XX% over the forecast period (2024-2031).

Frameless Solar Panel Market Size

Frameless Solar Panel Market Insights

Global Frameless Solar Panel Market size was valued at USD 2.1 billion in 2023 and is poised to grow from USD 2.45 billion in 2024 to USD 8.5 billion by 2032, growing at a CAGR of 16.8% during the forecast period (2025-2032).

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.

FAQs

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 'Canadian Solar Inc. (Canada) ', 'Trina Solar (China) ', 'Lumos Solar (US) ', 'SolarWorld (Germany) ', 'Adani Solar (India) ', 'Jinko Solar (China) ', 'Sunpreme (US) ', 'dpSun Limited (UK) ', 'Avancis GmbH (Germany) ', 'Yingli Solar (China) ', 'Astronergy (China) ', 'LONGi Green Energy Technology (China) ', 'Seraphim Solar (China) '

The main factor that is driving the market for frameless solar panels is the growing emphasis on enhancing aesthetic appeal while maintaining high energy efficiency. As the demand for solar-powered electricity grows globally, several businesses are developing the newest, most modern solar modules with an emphasis on the solar panel's efficiency, cost, and design. The high installation cost is the aspect that is anticipated to limit market expansion. The frameless solar panel is available in a variety of styles and can be used for varied requirements. The cost of solar panels has decreased significantly on a global scale over time, and this trend will continue during the expected time frame.

The cost of solar panels has decreased significantly on a global scale over time, and this trend will continue during the anticipated time frame.

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.