Global Adaptive Solar Collectors Market

Description

With fossil fuel prices fluctuating continuously renewable sources of energy are the answer to the world’s growing need for power. Apart from hydropower, which can have environmental implications, the other renewable source of energy in abundance is solar energy. The Earth receives 274 million gigawatt-years of solar energy, the largest energy source, every year. Other resources like oil and gas, water, coal etc. require lot of effort and steps to produce electricity, while solar energy farms can be established easily which can harness electricity which is simply given to the grid.

Absorption and reflection characteristics of the adaptive type of solar cells can change according to the environmental conditions present. With the annual solar power production estimated to reach 500GW by 2022, from 40 GW in 2013, this market is one of the fastest growing ones. It is a billion dollar market, the major players, surprisingly, being relatively small countries like Germany, Japan and Italy. Germany, being one of the leading countries, has an installed capacity of 38,250 megawatts. It leads the pack with China, Japan, United States of America and Italy closely behind.

The global solar power production has increased from 7 GW to 40 GW in the last four years. It is estimated that the scale of production of smaller activities like production of solar powered cars or solar powered motors for agriculture industry and many others will grow at a faster rate than the previous years.

Market Dynamics

Drivers

• Increasing energy demand

• Environmental advantages

• Low maintenance cost

• Applications in various sectors

Constraints

• High initial costs

• Intermittent energy source

• Large areas required to set up solar farms

Opportunities

• Scope for New Technology Innovations

• Scope of setting up new plants in geographically large countries

The main concern regarding the solar power is the initial cost of photovoltaic cells. This cost incurred is a one-time investment since solar panels have a very negligible maintenance cost. There are other concerns like solar power is an intermittent energy source. The solution to this problem lies in connecting the solar panels to the grid so that the excess power can be saved and used at a later point in time. Hence, this unreliability of solar power nothing compared to the fluctuation of oil and gas supply in the world.

Market Segmentation

The Adaptive Solar Collectors market is categorized on the basis of Adaptive Solar Collectors’ top manufacturers, region-wise classification, various end user applications and different product types included in Adaptive Solar Collectors industry.

• Type-wise Segments

Flat Plate Collector
Evacuated Tube Collector
Other

• Application-wise Segments

Residential
Commercial
Industrial

Key Players

First Solar Inc, Juwi Solar, Inc, SolarCity Corporation, Activ Solar GmbH, Yingli Solar, Trina Solar Limited, Sharp Solar Energy Solutions Group, Canadian Solar Inc, JinkoSolar Holding Co., Ltd.