PERC Solar Cell Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

PERC, often known as a "rear cell," stands for "passivated emitter and rear contact." PERC solar panels feature an additional layer on the rear compared to conventional solar panels. PERC batteries are more effective than ordinary batteries because of the additional layer's ability to absorb more sunlight and convert it into electricity. Urbanization and the rising demand for energy on a global scale are driving the demand for PERC solar panels. Pollution and reliance on electricity are decreased using PERC solar panels. The market for PERC solar panels is also anticipated to rise in the upcoming years as a result of tighter environmental restrictions concerning carbon emissions. The demand for these panels is anticipated to rise soon as a result of government initiatives to promote renewable energy in both urban and rural areas.

MARKET DYNAMICS

Due to its relative maturity, PERC cannot achieve substantially better levels of efficiency than the best batteries currently in use. The next-generation PERC technology is represented by alternatives like TOPCON technology, which, like its predecessor, may be included into conventionally produced batteries. It could result in even greater efficiency gains when compared to PERC. These elements could limit market expansion. The global market is dominated by North America. The area is developed, and investments in various renewable energy sources are being made. Additionally, numerous government initiatives that adapt renewable energy are driving the industry in this region.

MARKET SCOPE

The "Global PERC Solar Cell Market Analysis to 2031" is a specialized and in-depth study of the PERC solar cell market with a special focus on the global market trend analysis. The report aims to provide an overview of the PERC solar cell market with detailed market segmentation by type, application, mounting and geography. The global PERC solar cell market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading PERC solar cell market players and offers key trends and opportunities in the PERC solar cell market.

MARKET SEGMENTATION

The global PERC solar cell market is segmented based on type, application, and mounting. Based on type, PERC solar cell market is segmented into mono-crystalline and polycrystalline. Based on application, PERC solar cell market is segmented into residential, commercial and industrial. Based on mounting, PERC solar cell market is segmented into rooftop and ground mounted.
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IMPACT OF COVID-19 ON PERC SOLAR CELL MARKET

It will likely take some time for the global PERC solar panel market to fully recover from the COVID-19 pandemic's effects. China produces a sizable amount of the raw materials used to make PERC solar cells. The market in 2021 suffered as a result of the supply chain interruptions brought on by the COVID-19-induced shutdown.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global PERC Solar Cell Market based on various segments. It also provides market size and forecast estimates from year 2017 to 2031 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The PERC Solar Cell Market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting PERC Solar Cell Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the PERC solar cell market in these regions.

MARKET PLAYERS

The reports cover key developments in the PERC solar cell market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from PERC solar cell market are anticipated to lucrative growth opportunities in the future with the rising demand for PERC solar cell market. Below mentioned is the list of few companies engaged in the PERC solar cell market.

The report also includes the profiles of key PERC solar cell market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•   Adani Group
  
•   P.V. Cell technologies
  
•   aleo solar
  
•   Alpha Solar
  
•   Evolve Energy Group
  
•   Trina Solar
  
•   Bauer Solar GmbH
  
•   Jiangsu Akcome Solar Science & Technology Co
  
•   Amerisolar
  
•   Enfo Solar
  
•   J.A. Solar
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

PERC Solar Cell Report Scope