(MENAFN- America News Hour) With regards to the Residential Solar Energy Systems, The Solar PV Cells (Photovoltaic Cells) are made of light sensitive semiconductor materials that utilize the photons to dislodge electrons to drive an electric current. Most Solar PV systems are mounted on the buildings or on the ground. For buildings, the mountings occurs in rooftops or else integrated into the building itself. These Cells are nothing but inverters which initially converts the direct current (collected when exposed to sunlight) into alternating current electricity.
Market Dynamics
There remain many factors acting as the driving and constraining force for the market.
Driving factors:
– More emphasis on Green Energy
– Increase in demand for solar panel installations
– Fluctuating raw material(Silver) prices
– Decline in prices of solar panels
Constraint factors:
– No fixed estimation regarding climatic conditions
– Limited production and reliability
– High Competition
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Market Segmentation
The Global Residential Solar Energy Market is segmented on the basis of the product type, the type of technology, Generation type and applications.
– Segmentation based on product type includes Mono-crystalline Silicon Cells, Cadmium Telluride, Amorphous Silicon Cells, Polycrystalline Silicon cells and others.
– Segmentation based on the type of technology includes Photovoltaic Cells, Inorganic, Organic, Concentrated Solar power systems, Parabolic Troughs, Solar Tower and others.
– Segmentation based on Generation includes the three generations – First, Second and Third.
– Segmentation based on Application includes Agriculture & Horticulture, Architecture, Transportation and others.
Regional/Geographic Analysis
The Residential Solar Energy Market is segmented into various regions which mainly comprises of North America, Latin America, Europe, Asia Pacific and Middle East & Africa. Rising economies like China and Japan are expected to be the most significant solar based systems production, keeping in view the merger and acquisitions of local manufacturers and government based tariffs.
Opportunities
Considering the increase in pollution level as well as the government taxes, the need for cheap and durable panels is promising. Along with this the decrease in water footprints related to solar energy based systems has resulted in their rocketed step-up in terms of demand. The contributing factor for a major uplift of these storage systems pertains to the already existing familiar solar panels market. In the coming future, the installations of solar towers as well as rooftop installations is projected to impart effective demand in the solar energy market.
Key Players
Some of the major players in the market include:
– ZEN Energy
– GESS
– Sharp Electronics
– SENEC
– BYD
– Tesla
Report Contents Regional Analysis Report Highlights
Market segments
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market – Current Trends
Competition & Major Companies
Technology and R & D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
North America
US and Canada
Latin America
Mexico, Brazil, Argentina and Rest of Latin America
Western Europe
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Eastern Europe
Russia
Poland
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia and New Zealand
Rest of Asia Pacific
Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
South Africa
North Africa
Rest of Middle East and Africa
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This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Market Segmentation
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage
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