The global hybrid solar panels market is expected to grow at a CAGR of around 8.5% during the forecast period, from 2021 to 2030. The market is driven by factors such as increasing demand for renewable energy sources and government initiatives for promoting the use of renewable energy sources. The market is also driven by factors such as increasing demand for hybrid solar panels in developing countries and rising awareness about the benefits of using hybrid solar panels. However, high cost associated with installation of hybrid solar panels may hamper the growth of this market during the forecast period.
The global hybrid solar panel market can be segmented on the basis of type into polycrystalline and monocrystalline types; on application into water heating and air conditioning; and on region into North America, Latin America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA).
North America accounted for a major share in terms of revenue in 2017 owing to its large number of installations across various applications such as water heating and air conditioning. APAC is expected to witness significant growth owing to its growing population coupled with increased awareness about benefits offered by these products which will drive demand over time.
Some Of The Growth Factors Of This Market:
- The cost of solar panels has decreased significantly in recent years, making them more affordable for homeowners.
- Solar power is becoming more popular as a renewable energy source and is being used to generate electricity in many countries around the world.
- The government has been providing incentives for homeowners to install solar panels on their homes, which has helped increase the demand for these products and services.
- There are many different types of solar panels available on the market today, which makes it easier for consumers to find one that suits their needs and budget best.
- Solar panel technology continues to improve every year, which means that they will be able to produce more electricity with less space than before.
Industry Growth Insights published a new data on “Hybrid Solar Panels Market”. The research report is titled “Hybrid Solar Panels Market research by Types (Polycrystalline Hybrid Solar Panel, Monocrystalline Hybrid Solar Panel), By Applications (Water Heating, Air Conditioning, Others), By Players/Companies Conserval Engineering, NIBE Energy Systems, SOLIMPEKS Energy, VESTFROST, ET Solar, Systovi, Stiebel Eltron, Sunerg Solar Energy, SWISSWATT, DualSun, Kaneka”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Hybrid Solar Panels Market Research Report
By Type
Polycrystalline Hybrid Solar Panel, Monocrystalline Hybrid Solar Panel
By Application
Water Heating, Air Conditioning, Others
By Companies
Conserval Engineering, NIBE Energy Systems, SOLIMPEKS Energy, VESTFROST, ET Solar, Systovi, Stiebel Eltron, Sunerg Solar Energy, SWISSWATT, DualSun, Kaneka
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
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Hybrid Solar Panels Market Report Segments:
The global Hybrid Solar Panels market is segmented on the basis of:
Types
Polycrystalline Hybrid Solar Panel, Monocrystalline Hybrid Solar Panel
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
Water Heating, Air Conditioning, Others
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:
- Conserval Engineering
- NIBE Energy Systems
- SOLIMPEKS Energy
- VESTFROST
- ET Solar
- Systovi
- Stiebel Eltron
- Sunerg Solar Energy
- SWISSWATT
- DualSun
- Kaneka
Highlights of The Hybrid Solar Panels 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:
- Polycrystalline Hybrid Solar Panel
- Monocrystalline Hybrid Solar Panel
- By Application:
- Water Heating
- Air Conditioning
- Others
- 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 Hybrid Solar Panels 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?
Hybrid solar panels are a type of solar panel that combines the best features of both traditional and thin film solar panels. Hybrid solar panels are made up of two or more different types of cells, which allows them to generate electricity in a variety of ways. This makes hybrid solar panels more versatile and efficient than either traditional or thin film solar panels alone.
Some of the key players operating in the hybrid solar panels market are Conserval Engineering, NIBE Energy Systems, SOLIMPEKS Energy, VESTFROST, ET Solar, Systovi, Stiebel Eltron, Sunerg Solar Energy, SWISSWATT, DualSun, Kaneka.
The hybrid solar panels market is expected to grow at a compound annual growth rate of 8.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Hybrid Solar Panels Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Hybrid Solar Panels Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Hybrid Solar Panels Market - Supply Chain
4.5. Global Hybrid Solar Panels Market Forecast
4.5.1. Hybrid Solar Panels Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Hybrid Solar Panels Market Size (000 Units) and Y-o-Y Growth
4.5.3. Hybrid Solar Panels Market Absolute $ Opportunity
5. Global Hybrid Solar Panels Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Hybrid Solar Panels Market Size and Volume Forecast by Type
5.3.1. Polycrystalline Hybrid Solar Panel
5.3.2. Monocrystalline Hybrid Solar Panel
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Hybrid Solar Panels Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Hybrid Solar Panels Market Size and Volume Forecast by Application
6.3.1. Water Heating
6.3.2. Air Conditioning
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Hybrid Solar Panels Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Hybrid Solar Panels Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Hybrid Solar Panels Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Hybrid Solar Panels Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Hybrid Solar Panels Demand Share Forecast, 2019-2026
9. North America Hybrid Solar Panels Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Hybrid Solar Panels Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Hybrid Solar Panels Market Size and Volume Forecast by Application
9.4.1. Water Heating
9.4.2. Air Conditioning
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Hybrid Solar Panels Market Size and Volume Forecast by Type
9.7.1. Polycrystalline Hybrid Solar Panel
9.7.2. Monocrystalline Hybrid Solar Panel
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Hybrid Solar Panels Demand Share Forecast, 2019-2026
10. Latin America Hybrid Solar Panels Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Hybrid Solar Panels Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Hybrid Solar Panels Market Size and Volume Forecast by Application
10.4.1. Water Heating
10.4.2. Air Conditioning
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Hybrid Solar Panels Market Size and Volume Forecast by Type
10.7.1. Polycrystalline Hybrid Solar Panel
10.7.2. Monocrystalline Hybrid Solar Panel
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Hybrid Solar Panels Demand Share Forecast, 2019-2026
11. Europe Hybrid Solar Panels Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Hybrid Solar Panels Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Hybrid Solar Panels Market Size and Volume Forecast by Application
11.4.1. Water Heating
11.4.2. Air Conditioning
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Hybrid Solar Panels Market Size and Volume Forecast by Type
11.7.1. Polycrystalline Hybrid Solar Panel
11.7.2. Monocrystalline Hybrid Solar Panel
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Pojections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Hybrid Solar Panels Demand Share, 2019-2026
12. Asia Pacific Hybrid Solar Panels Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Hybrid Solar Panels Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Hybrid Solar Panels Market Size and Volume Forecast by Application
12.4.1. Water Heating
12.4.2. Air Conditioning
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Hybrid Solar Panels Market Size and Volume Forecast by Type
12.7.1. Polycrystalline Hybrid Solar Panel
12.7.2. Monocrystalline Hybrid Solar Panel
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Hybrid Solar Panels Demand Share, 2019-2026
13. Middle East & Africa Hybrid Solar Panels Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Hybrid Solar Panels Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Hybrid Solar Panels Market Size and Volume Forecast by Application
13.4.1. Water Heating
13.4.2. Air Conditioning
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Hybrid Solar Panels Market Size and Volume Forecast by Type
13.7.1. Polycrystalline Hybrid Solar Panel
13.7.2. Monocrystalline Hybrid Solar Panel
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Hybrid Solar Panels Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Hybrid Solar Panels Market: Market Share Analysis
14.2. Hybrid Solar Panels Distributors and Customers
14.3. Hybrid Solar Panels Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Conserval Engineering
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. NIBE Energy Systems
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. SOLIMPEKS Energy
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. VESTFROST
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. ET Solar
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Systovi
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Stiebel Eltron
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Sunerg Solar Energy
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. SWISSWATT
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. DualSun
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Kaneka
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
