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New York, July 6, 2021 (Global News Agency)- Solar panel market Overview: According to the comprehensive research report of the Market Research Future (MRFR), “Solar panel market Research report, technology, module type, application and region-forecast to 2027″ During the 2020-2027 forecast period, the market will grow at a rate of 27.18%.
Encouraging renewable energy and energy-saving resources is a major trend
The solar panel market is witnessing huge appeal on the global platform. Factors such as increased global installations and technological advancements to improve the functionality of solar modules have contributed to market growth. In addition, the increasing demand for solar-powered cars and electrical appliances has promoted the market value of solar panels.
With the increase in photovoltaic installations and the adoption of energy storage grids, as well as the large demand for solar panels for residential rooftop applications, the revenue of this market is expected to grow significantly. In this regard, the Market Research Future (MRFR) asserts that the global solar panel market is expected to gain huge appeal by 2027, with an impressive compound annual growth rate during the forecast period (2020-2027).
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competition analysis
List of major companies The solar panel market research report is –
- JinkoSolar
- JA Solar
- Trina Solar
- Longi Lo Ye
- Canadian Solar
- Hanwha Q-CELLS
- Rising energy
- GCL Integration
- First Solar
- Tengshan
- Solar power co., ltd.
- Renesola
- Shenzhen Yingli New Energy Co., Ltd. etc.
Manufacturers strive to increase production capacity through increased cost efficiency and a leaner organization supported by the new possibilities provided by digitalization. After they have mastered the existing product line, they are exploring new development possibilities.
It is expected that there will be more and more strategic cooperation transactions and methods in the next few years, such as collaboration, mergers and acquisitions, expansion and product launches. Industry participants make strategic investments in promoting R&D activities and facilitating expansion plans.
in order to…
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