PERC Solar Panels Market Dynamics and Analysis by 2031
The PERC Solar Panels Market is expected to register a CAGR of 8.3% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report provides in-depth analysis of the PERC Solar Panels Market, which is categorized by Technology, Application, and Region. It gives a detailed regional outline that includes key markets and countries, thus providing a global perspective. Market assessments are represented in US dollars (US$), hence giving an understanding of the dynamics in growth trends and competitive features within different market segments. This will make it possible for stakeholders to identify opportunities and make informed decisions in the growing PERC solar panels market.
Purpose of the ReportThe report PERC Solar Panels Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
PERC Solar Panels Market Segmentation
Type- Monocrystalline
- Polycrystalline
- Rooftop-Mounted
- Ground-Mounted
- On-Grid
- Off-Grid
- Hybrid
- Residential
- Commercial
- Industrial
- Residential
- Commercial
- Industrial
Strategic Insights
PERC Solar Panels Market Growth Drivers- Solar technology: Solar technology is the biggest driver for the PERC solar panel market, as PERC cells compared to conventional solar cells offer 1-2% higher efficiency. With more than 30% of the worldwide solar cell production using this technology, it is becoming more and more accepatable. Dropping production costs the last years- almost 20% less than in 2019- has drawn more consumers into the brilliant world of solar power.
- Demand for seeking highly efficient solar solutions: Since renewable energy is becoming more and more important still, the residential and commercial sectors are seeking highly efficient solar solutions: for example to follow the positive examples of leading countries like Spain and Germany concerning their usage of green energy, or face policy requirements due to the withdrawal of fossil fuels around the globe.
- governments presenting incentives: Feed-in tariffs or governments presenting incentives for a renewable future, including tax credits helps to expand the PERC solar panel market share by easing the process of solar panel buying. The growing conscience toward sustainability and energy independence for countries around the world is speaking louder, urging more and more consumers to invest in more efficient solar solutions because saving the planet is important to each and every one of us. Manufacturing methods also keep on improving. Recent PERC cell results led to a higher performance and better life expectence of the PERC panels.
- bifacial technology to increase energy generation: PERC systems are increasingly using bifacial technology to increase energy generation by up to 30 per cent by capturing sunlight from both sides of the panel, and growing integration between PERC systems and energy storage to increase reliable operation and smart energy use. We also expect to see the trend of decarbonized buildings incorporating more high-efficiency solar technologies.
- incorporating high-efficiency solar technologies: Building standards are expected to get increasingly stringent in terms of energy performance, which in turn will lead to more buildings incorporating high-efficiency solar technologies. In the next decade or so, PERC cell manufacturing and research processes will likely continue to improve the efficiency of solar panels, perhaps through innovative materials and manufacturing.
- eco-friendly solar technologies: climate change awareness and policies are expected to boost the popularity of eco-friendly solar technologies in general, which will also lead to a greater prevalence of PERC technology to a wider market.
- Develop high-efficiency solar panel: There are unlimited opportunities in the PERC solar panel market across different regions and economic sectors. In the emerging markets, people are adopting renewable energy at an unprecedented rate. Large-scale solar projects are becoming increasingly popular in Asian and some areas of Africa where the annual installation growth rate exceeds 20%. This is because the energy consumption is rapidly increasing.
- Residential Sector holds promising opportunity: Overall, the residential market presents the most promising opportunity in the PERC solar panel market. Ninety percent of homeowners are interested in high-efficiency solar panel equipment. By signing agreements with developers to provide solar energy to first-tier cities and to construct residential buildings, we can dramatically increase the PERC solar panel market share.
- Appearance of innovations in recycling technologies: Another important factor is the appearance of innovations in recycling technologies for PERC solar panels. As more and more people are paying attention to the greenhouse effect, they will purchase products made from PERC solar panels. In this way, my products will obtain a competitive edge.
What's more, global energy policy is becoming more and more inclined to be green. In recent years, more and more governments have invested in the development of solar projects. Such trend will continue in the future. The businesses and governments will also pay more attention to make their industries and operations carbon neutral. PERC solar panels will play a crucial rule in this process.
In conclusion, the PERC solar energy panel market offers enormous opportunities in all areas. Furthermore, the global push towards sustainable energy is just beginning, and it will create many market opportunities.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the PERC Solar Panels Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the PERC Solar Panels Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on request are additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
Key players in this market are -Adani Group, PV Cell Technologies, Aleo Solar, Alpha Solar, Evolve Energy Group, Trina Solar, Bauer Solar GmbH, Jiangsu Akcome Solar Science and Technology Co, Amerisolar, EnfoSolar, JA Solar, Jiangsu Akcome Solar Science & Technology
Future trends include bifacial technology to boost energy generation and integrating energy storage solutions. Sustainable building practices will promote high-efficiency solar technologies. Continuous advancements in materials and manufacturing processes are expected to improve PERC cell performance and durability.
The market is expected to register a CAGR of 8.5% during 2023-2031
The higher efficiency relative to conventional cells boosts the PERC solar panel market, while the increase in accessibility comes as a result of reduced production cost. Growing demand for renewable energy coupled with supportive policies for residential and commercial sectors enhances the growth in the market.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 PERC Solar Panels Market - By Type
1.3.2 PERC Solar Panels Market - By Mounting
1.3.3 PERC Solar Panels Market - By Installation
1.3.4 PERC Solar Panels Market - By Application
1.3.5 PERC Solar Panels Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. PERC SOLAR PANELS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. PERC SOLAR PANELS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. PERC SOLAR PANELS MARKET - GLOBAL MARKET ANALYSIS
6.1. PERC SOLAR PANELS - GLOBAL MARKET OVERVIEW
6.2. PERC SOLAR PANELS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. PERC SOLAR PANELS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. MONOCRYSTALLINE
7.3.1. Overview
7.3.2. Monocrystalline Market Forecast and Analysis
7.4. POLYCRYSTALLINE
7.4.1. Overview
7.4.2. Polycrystalline Market Forecast and Analysis
8. PERC SOLAR PANELS MARKET - REVENUE AND FORECASTS TO 2028 - MOUNTING
8.1. OVERVIEW
8.2. MOUNTING MARKET FORECASTS AND ANALYSIS
8.3. ROOFTOP-MOUNTED
8.3.1. Overview
8.3.2. Rooftop-Mounted Market Forecast and Analysis
8.4. GROUND-MOUNTED
8.4.1. Overview
8.4.2. Ground-Mounted Market Forecast and Analysis
9. PERC SOLAR PANELS MARKET - REVENUE AND FORECASTS TO 2028 - INSTALLATION
9.1. OVERVIEW
9.2. INSTALLATION MARKET FORECASTS AND ANALYSIS
9.3. ON-GRID
9.3.1. Overview
9.3.2. On-Grid Market Forecast and Analysis
9.4. OFF-GRID
9.4.1. Overview
9.4.2. Off-Grid Market Forecast and Analysis
9.5. HYBRID
9.5.1. Overview
9.5.2. Hybrid Market Forecast and Analysis
10. PERC SOLAR PANELS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
10.1. OVERVIEW
10.2. APPLICATION MARKET FORECASTS AND ANALYSIS
10.3. RESIDENTIAL
10.3.1. Overview
10.3.2. Residential Market Forecast and Analysis
10.4. COMMERCIAL
10.4.1. Overview
10.4.2. Commercial Market Forecast and Analysis
10.5. INDUSTRIAL
10.5.1. Overview
10.5.2. Industrial Market Forecast and Analysis
11. PERC SOLAR PANELS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America PERC Solar Panels Market Overview
11.1.2 North America PERC Solar Panels Market Forecasts and Analysis
11.1.3 North America PERC Solar Panels Market Forecasts and Analysis - By Type
11.1.4 North America PERC Solar Panels Market Forecasts and Analysis - By Mounting
11.1.5 North America PERC Solar Panels Market Forecasts and Analysis - By Installation
11.1.6 North America PERC Solar Panels Market Forecasts and Analysis - By Application
11.1.7 North America PERC Solar Panels Market Forecasts and Analysis - By Countries
11.1.7.1 United States PERC Solar Panels Market
11.1.7.1.1 United States PERC Solar Panels Market by Type
11.1.7.1.2 United States PERC Solar Panels Market by Mounting
11.1.7.1.3 United States PERC Solar Panels Market by Installation
11.1.7.1.4 United States PERC Solar Panels Market by Application
11.1.7.2 Canada PERC Solar Panels Market
11.1.7.2.1 Canada PERC Solar Panels Market by Type
11.1.7.2.2 Canada PERC Solar Panels Market by Mounting
11.1.7.2.3 Canada PERC Solar Panels Market by Installation
11.1.7.2.4 Canada PERC Solar Panels Market by Application
11.1.7.3 Mexico PERC Solar Panels Market
11.1.7.3.1 Mexico PERC Solar Panels Market by Type
11.1.7.3.2 Mexico PERC Solar Panels Market by Mounting
11.1.7.3.3 Mexico PERC Solar Panels Market by Installation
11.1.7.3.4 Mexico PERC Solar Panels Market by Application
11.2. EUROPE
11.2.1 Europe PERC Solar Panels Market Overview
11.2.2 Europe PERC Solar Panels Market Forecasts and Analysis
11.2.3 Europe PERC Solar Panels Market Forecasts and Analysis - By Type
11.2.4 Europe PERC Solar Panels Market Forecasts and Analysis - By Mounting
11.2.5 Europe PERC Solar Panels Market Forecasts and Analysis - By Installation
11.2.6 Europe PERC Solar Panels Market Forecasts and Analysis - By Application
11.2.7 Europe PERC Solar Panels Market Forecasts and Analysis - By Countries
11.2.7.1 Germany PERC Solar Panels Market
11.2.7.1.1 Germany PERC Solar Panels Market by Type
11.2.7.1.2 Germany PERC Solar Panels Market by Mounting
11.2.7.1.3 Germany PERC Solar Panels Market by Installation
11.2.7.1.4 Germany PERC Solar Panels Market by Application
11.2.7.2 France PERC Solar Panels Market
11.2.7.2.1 France PERC Solar Panels Market by Type
11.2.7.2.2 France PERC Solar Panels Market by Mounting
11.2.7.2.3 France PERC Solar Panels Market by Installation
11.2.7.2.4 France PERC Solar Panels Market by Application
11.2.7.3 Italy PERC Solar Panels Market
11.2.7.3.1 Italy PERC Solar Panels Market by Type
11.2.7.3.2 Italy PERC Solar Panels Market by Mounting
11.2.7.3.3 Italy PERC Solar Panels Market by Installation
11.2.7.3.4 Italy PERC Solar Panels Market by Application
11.2.7.4 United Kingdom PERC Solar Panels Market
11.2.7.4.1 United Kingdom PERC Solar Panels Market by Type
11.2.7.4.2 United Kingdom PERC Solar Panels Market by Mounting
11.2.7.4.3 United Kingdom PERC Solar Panels Market by Installation
11.2.7.4.4 United Kingdom PERC Solar Panels Market by Application
11.2.7.5 Russia PERC Solar Panels Market
11.2.7.5.1 Russia PERC Solar Panels Market by Type
11.2.7.5.2 Russia PERC Solar Panels Market by Mounting
11.2.7.5.3 Russia PERC Solar Panels Market by Installation
11.2.7.5.4 Russia PERC Solar Panels Market by Application
11.2.7.6 Rest of Europe PERC Solar Panels Market
11.2.7.6.1 Rest of Europe PERC Solar Panels Market by Type
11.2.7.6.2 Rest of Europe PERC Solar Panels Market by Mounting
11.2.7.6.3 Rest of Europe PERC Solar Panels Market by Installation
11.2.7.6.4 Rest of Europe PERC Solar Panels Market by Application
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific PERC Solar Panels Market Overview
11.3.2 Asia-Pacific PERC Solar Panels Market Forecasts and Analysis
11.3.3 Asia-Pacific PERC Solar Panels Market Forecasts and Analysis - By Type
11.3.4 Asia-Pacific PERC Solar Panels Market Forecasts and Analysis - By Mounting
11.3.5 Asia-Pacific PERC Solar Panels Market Forecasts and Analysis - By Installation
11.3.6 Asia-Pacific PERC Solar Panels Market Forecasts and Analysis - By Application
11.3.7 Asia-Pacific PERC Solar Panels Market Forecasts and Analysis - By Countries
11.3.7.1 Australia PERC Solar Panels Market
11.3.7.1.1 Australia PERC Solar Panels Market by Type
11.3.7.1.2 Australia PERC Solar Panels Market by Mounting
11.3.7.1.3 Australia PERC Solar Panels Market by Installation
11.3.7.1.4 Australia PERC Solar Panels Market by Application
11.3.7.2 China PERC Solar Panels Market
11.3.7.2.1 China PERC Solar Panels Market by Type
11.3.7.2.2 China PERC Solar Panels Market by Mounting
11.3.7.2.3 China PERC Solar Panels Market by Installation
11.3.7.2.4 China PERC Solar Panels Market by Application
11.3.7.3 India PERC Solar Panels Market
11.3.7.3.1 India PERC Solar Panels Market by Type
11.3.7.3.2 India PERC Solar Panels Market by Mounting
11.3.7.3.3 India PERC Solar Panels Market by Installation
11.3.7.3.4 India PERC Solar Panels Market by Application
11.3.7.4 Japan PERC Solar Panels Market
11.3.7.4.1 Japan PERC Solar Panels Market by Type
11.3.7.4.2 Japan PERC Solar Panels Market by Mounting
11.3.7.4.3 Japan PERC Solar Panels Market by Installation
11.3.7.4.4 Japan PERC Solar Panels Market by Application
11.3.7.5 South Korea PERC Solar Panels Market
11.3.7.5.1 South Korea PERC Solar Panels Market by Type
11.3.7.5.2 South Korea PERC Solar Panels Market by Mounting
11.3.7.5.3 South Korea PERC Solar Panels Market by Installation
11.3.7.5.4 South Korea PERC Solar Panels Market by Application
11.3.7.6 Rest of Asia-Pacific PERC Solar Panels Market
11.3.7.6.1 Rest of Asia-Pacific PERC Solar Panels Market by Type
11.3.7.6.2 Rest of Asia-Pacific PERC Solar Panels Market by Mounting
11.3.7.6.3 Rest of Asia-Pacific PERC Solar Panels Market by Installation
11.3.7.6.4 Rest of Asia-Pacific PERC Solar Panels Market by Application
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa PERC Solar Panels Market Overview
11.4.2 Middle East and Africa PERC Solar Panels Market Forecasts and Analysis
11.4.3 Middle East and Africa PERC Solar Panels Market Forecasts and Analysis - By Type
11.4.4 Middle East and Africa PERC Solar Panels Market Forecasts and Analysis - By Mounting
11.4.5 Middle East and Africa PERC Solar Panels Market Forecasts and Analysis - By Installation
11.4.6 Middle East and Africa PERC Solar Panels Market Forecasts and Analysis - By Application
11.4.7 Middle East and Africa PERC Solar Panels Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa PERC Solar Panels Market
11.4.7.1.1 South Africa PERC Solar Panels Market by Type
11.4.7.1.2 South Africa PERC Solar Panels Market by Mounting
11.4.7.1.3 South Africa PERC Solar Panels Market by Installation
11.4.7.1.4 South Africa PERC Solar Panels Market by Application
11.4.7.2 Saudi Arabia PERC Solar Panels Market
11.4.7.2.1 Saudi Arabia PERC Solar Panels Market by Type
11.4.7.2.2 Saudi Arabia PERC Solar Panels Market by Mounting
11.4.7.2.3 Saudi Arabia PERC Solar Panels Market by Installation
11.4.7.2.4 Saudi Arabia PERC Solar Panels Market by Application
11.4.7.3 U.A.E PERC Solar Panels Market
11.4.7.3.1 U.A.E PERC Solar Panels Market by Type
11.4.7.3.2 U.A.E PERC Solar Panels Market by Mounting
11.4.7.3.3 U.A.E PERC Solar Panels Market by Installation
11.4.7.3.4 U.A.E PERC Solar Panels Market by Application
11.4.7.4 Rest of Middle East and Africa PERC Solar Panels Market
11.4.7.4.1 Rest of Middle East and Africa PERC Solar Panels Market by Type
11.4.7.4.2 Rest of Middle East and Africa PERC Solar Panels Market by Mounting
11.4.7.4.3 Rest of Middle East and Africa PERC Solar Panels Market by Installation
11.4.7.4.4 Rest of Middle East and Africa PERC Solar Panels Market by Application
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America PERC Solar Panels Market Overview
11.5.2 South and Central America PERC Solar Panels Market Forecasts and Analysis
11.5.3 South and Central America PERC Solar Panels Market Forecasts and Analysis - By Type
11.5.4 South and Central America PERC Solar Panels Market Forecasts and Analysis - By Mounting
11.5.5 South and Central America PERC Solar Panels Market Forecasts and Analysis - By Installation
11.5.6 South and Central America PERC Solar Panels Market Forecasts and Analysis - By Application
11.5.7 South and Central America PERC Solar Panels Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil PERC Solar Panels Market
11.5.7.1.1 Brazil PERC Solar Panels Market by Type
11.5.7.1.2 Brazil PERC Solar Panels Market by Mounting
11.5.7.1.3 Brazil PERC Solar Panels Market by Installation
11.5.7.1.4 Brazil PERC Solar Panels Market by Application
11.5.7.2 Argentina PERC Solar Panels Market
11.5.7.2.1 Argentina PERC Solar Panels Market by Type
11.5.7.2.2 Argentina PERC Solar Panels Market by Mounting
11.5.7.2.3 Argentina PERC Solar Panels Market by Installation
11.5.7.2.4 Argentina PERC Solar Panels Market by Application
11.5.7.3 Rest of South and Central America PERC Solar Panels Market
11.5.7.3.1 Rest of South and Central America PERC Solar Panels Market by Type
11.5.7.3.2 Rest of South and Central America PERC Solar Panels Market by Mounting
11.5.7.3.3 Rest of South and Central America PERC Solar Panels Market by Installation
11.5.7.3.4 Rest of South and Central America PERC Solar Panels Market by Application
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. PERC SOLAR PANELS MARKET, KEY COMPANY PROFILES
13.1. ADANI GROUP
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. PV CELL TECHNOLOGIES
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. ALEO SOLAR
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. ALPHA SOLAR
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. EVOLVE ENERGY GROUP
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. TRINA SOLAR
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. BAUER SOLAR GMBH
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. JIAGNSU AKCOME SOLAR SCIENCE AND TECHNOLOGY CO
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. AMERISOLAR
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. ENFOSOLAR
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
13.11. JA SOLAR
13.11.1. Key Facts
13.11.2. Business Description
13.11.3. Products and Services
13.11.4. Financial Overview
13.11.5. SWOT Analysis
13.11.6. Key Developments
13.12. AJIANSU AKCOME SOLAR SCIENCE AND TECHNOLOGY CO
13.12.1. Key Facts
13.12.2. Business Description
13.12.3. Products and Services
13.12.4. Financial Overview
13.12.5. SWOT Analysis
13.12.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1. Adani Group
2. PV Cell technologies
3. Aleo solar
4. Alpha Solar
5. Evolve Energy Group
6. Trina Solar
7. Bauer Solar GmbH
8. Jiagnsu Akcome Solar Science and Technology Co
9. Amerisolar
10. EnfoSolar
11. JA solar
12. AJiansu Akcome Solar Science and Technology Co
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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