Market Overview:
The global solar laser drilling market is expected to grow at a CAGR of 9.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for solar energy across the globe and technological advancements in laser drilling technology. The global solar laser drilling market is segmented on the basis of type, application, and region. On the basis of type, it is divided into fiber lasers, solid state lasers, and others (including CO2 lasers and excimer lasers). The fiber laser segment is expected to grow at a higher CAGR during the forecast period as compared to other segments owing to its high efficiency and low cost. On the basis of application, it is divided into crystalline silicon solar cells and thin-film solar cells. Crystalline silicon solar cells are further classified into monocrystalline silicon cells and polycrystalline silicon cells while thin-film solar cells are further classified into amorphous silicon cellsthe cadmium telluride cellsthe copper indium gallium selenide (CIGS) celland organic photovoltaic (OPV) cellseach with their own respective submarkets.
Product Definition:
A solar laser drill is a type of drilling technology that uses concentrated sunlight to heat the target material and produce a drilled hole. Solar laser drilling has many potential applications, including in the aerospace, automotive, and construction industries.
Fiber Lasers:
Fiber lasers are a class of laser technology that produces light by the stimulated emission of monochromatic light from a fiber-optic cable. The main components in fiber lasers include optical fibers, pumping source, and detector. Fiber lasers can be used for various applications such as welding & cutting, material processing & heating etc., depending on the wavelength employed along with other parameters such as power density and current etc.
Solid State Lasers:
Solid state lasers are semiconductor laser devices that produce light by the stimulated emission of radiation from a solid material. The term solid in this context does not refer to the physical properties but to the optical property of these lasers, which is independent of any medium or waveguide. These lasers have no moving parts and hence they do not generate heat; instead their optical output is directly proportional to their input power.
Application Insights:
Crystalline silicon solar cells application segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for clean energy, technological advancements in manufacturing processes, and government support & subsidies towards renewable energy generation.
Thin-film solar cells application segment is expected to witness significant growth over the forecast period owing to its low cost structure, high efficiency structure, flexible manufacturing process suitable for mass production coupled with an increase in R&D activities by manufacturers towards improving technology used in film fabrication.
Solar panels are manufactured using either crystalline silicon or amorphous thin-film technologies; however, amorphous panels generate lower power than their counterparts made from crystalline materials due largely to their lower efficiency at converting sunlight into electricity.
Regional Analysis:
The Asia Pacific regional market accounted for the largest share in 2017 and is expected to continue its dominance over the forecast period. The region has witnessed a significant increase in installations of crystalline silicon solar panels, which is likely to drive demand for SLD drilling machines over the next eight years. China led this region with maximum number of installations owing to various favorable government policies such as Feed-In Tariffs (FITs) and Renewable Portfolio Standards (RPS).
Europe was estimated at USD X million in 2017 and is anticipated to grow at a significant CAGR from 2018 to 2030 due to increasing investments by companies operating within this region, including Germany-based Helios Solar LLC; UK’s Solarcentury PLC; Italy's Enel Green Power SpA.; France's Alstom SA; Spain's Abengoa Solar Energy Ltd.; etc. Moreover, rising awareness regarding laser technology among end users will propel industry growth over the coming years.
Growth Factors:
- Increasing demand for solar energy: The global demand for solar energy is increasing rapidly due to the growing awareness of the benefits of solar power over traditional sources of energy. This is driving the growth of the solar laser drilling market as well, as more and more companies are investing in this technology to tap into this growing market.
- Declining costs of solar panels: The cost of installing a rooftop photovoltaic system has been declining steadily in recent years, making it more affordable for homeowners and businesses to switch to solar power. This is benefiting the growth of the solar laser drilling market as well, as more people are opting for this technology due to its lower costs and higher efficiency rates compared to traditional drilling methods.
- Government incentives: Governments around the world are offering various incentives such as tax breaks and subsidies to promote the adoption of renewable energy technologies like Solar Laser Drilling . This is helping drivethe growthof thistechnologyand providing a boostto theefficiencyand popularityof solardrillingmethodsamongbusinessesandhomeowners alike.
Scope Of The Report
Report Attributes
Report Details
Report Title
Solar Laser Drilling Market Research Report
By Type
Fiber Lasers, Solid State Lasers, Others
By Application
Crystalline Silicon Solar Cells, Thin-film Solar Cells
By Companies
Coherent, Mitsuboshi Diamond Industrial Co. Ltd, SPI Lasers, IPG Photonics Corporation, Sahajanand Laser Technology Limited (SLTL Group), Ooitech, DMG MORI, Control Micro Systems, GF Machining Solutions LLC, 3D Micromac, Coherent, Amada Co., Ltd, Perfect Laser
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
148
Number of Tables & Figures
104
Customization Available
Yes, the report can be customized as per your need.
Global Solar Laser Drilling Market Report Segments:
The global Solar Laser Drilling market is segmented on the basis of:
Types
Fiber Lasers, Solid State Lasers, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Crystalline Silicon Solar Cells, Thin-film Solar Cells
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Coherent
- Mitsuboshi Diamond Industrial Co. Ltd
- SPI Lasers
- IPG Photonics Corporation
- Sahajanand Laser Technology Limited (SLTL Group)
- Ooitech
- DMG MORI
- Control Micro Systems
- GF Machining Solutions LLC
- 3D Micromac
- Coherent
- Amada Co., Ltd
- Perfect Laser
Highlights of The Solar Laser Drilling Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Fiber Lasers
- Solid State Lasers
- Others
- By Application:
- Crystalline Silicon Solar Cells
- Thin-film Solar Cells
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Solar Laser Drilling Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Solar laser drilling is a technology that uses lasers to create holes in hard materials. The lasers heat the material until it melts, and then the drill bit pierces through the melted material.
Some of the major players in the solar laser drilling market are Coherent, Mitsuboshi Diamond Industrial Co. Ltd, SPI Lasers, IPG Photonics Corporation, Sahajanand Laser Technology Limited (SLTL Group), Ooitech, DMG MORI, Control Micro Systems, GF Machining Solutions LLC, 3D Micromac, Coherent, Amada Co., Ltd, Perfect Laser.
The solar laser drilling market is expected to register a CAGR of 9.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Solar Laser Drilling Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Solar Laser Drilling Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Solar Laser Drilling Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Solar Laser Drilling Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Solar Laser Drilling Market Size & Forecast, 2018-2028
4.5.1 Solar Laser Drilling Market Size and Y-o-Y Growth
4.5.2 Solar Laser Drilling Market Absolute $ Opportunity
Chapter 5 Global Solar Laser Drilling Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Solar Laser Drilling Market Size Forecast by Type
5.2.1 Fiber Lasers
5.2.2 Solid State Lasers
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Solar Laser Drilling Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Solar Laser Drilling Market Size Forecast by Applications
6.2.1 Crystalline Silicon Solar Cells
6.2.2 Thin-film Solar Cells
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Solar Laser Drilling Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Solar Laser Drilling Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Solar Laser Drilling Analysis and Forecast
9.1 Introduction
9.2 North America Solar Laser Drilling Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Solar Laser Drilling Market Size Forecast by Type
9.6.1 Fiber Lasers
9.6.2 Solid State Lasers
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Solar Laser Drilling Market Size Forecast by Applications
9.10.1 Crystalline Silicon Solar Cells
9.10.2 Thin-film Solar Cells
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Solar Laser Drilling Analysis and Forecast
10.1 Introduction
10.2 Europe Solar Laser Drilling Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Solar Laser Drilling Market Size Forecast by Type
10.6.1 Fiber Lasers
10.6.2 Solid State Lasers
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Solar Laser Drilling Market Size Forecast by Applications
10.10.1 Crystalline Silicon Solar Cells
10.10.2 Thin-film Solar Cells
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Solar Laser Drilling Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Solar Laser Drilling Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Solar Laser Drilling Market Size Forecast by Type
11.6.1 Fiber Lasers
11.6.2 Solid State Lasers
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Solar Laser Drilling Market Size Forecast by Applications
11.10.1 Crystalline Silicon Solar Cells
11.10.2 Thin-film Solar Cells
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Solar Laser Drilling Analysis and Forecast
12.1 Introduction
12.2 Latin America Solar Laser Drilling Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Solar Laser Drilling Market Size Forecast by Type
12.6.1 Fiber Lasers
12.6.2 Solid State Lasers
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Solar Laser Drilling Market Size Forecast by Applications
12.10.1 Crystalline Silicon Solar Cells
12.10.2 Thin-film Solar Cells
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Solar Laser Drilling Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Solar Laser Drilling Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Solar Laser Drilling Market Size Forecast by Type
13.6.1 Fiber Lasers
13.6.2 Solid State Lasers
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Solar Laser Drilling Market Size Forecast by Applications
13.10.1 Crystalline Silicon Solar Cells
13.10.2 Thin-film Solar Cells
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Solar Laser Drilling Market: Competitive Dashboard
14.2 Global Solar Laser Drilling Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Coherent
14.3.2 Mitsuboshi Diamond Industrial Co. Ltd
14.3.3 SPI Lasers
14.3.4 IPG Photonics Corporation
14.3.5 Sahajanand Laser Technology Limited (SLTL Group)
14.3.6 Ooitech
14.3.7 DMG MORI
14.3.8 Control Micro Systems
14.3.9 GF Machining Solutions LLC
14.3.10 3D Micromac
14.3.11 Coherent
14.3.12 Amada Co., Ltd
14.3.13 Perfect Laser
