The global multicrystalline solar panel market is expected to grow at a CAGR of 6.5% during the forecast period, from 2021 to 2030. The growth of this market is driven by the increasing demand for renewable energy and the need for sustainable power generation. The demand for renewable energy has increased due to its environmental benefits such as reduced carbon emissions and reduced dependence on fossil fuels. In addition, there are various government initiatives in place that promote the use of renewable energy sources such as feed-in tariffs, tax credits, and subsidies which have also contributed to the growth of this market.
The global multicrystalline solar panel market can be segmented based on type (12V, 24V), application (energy, electronics, automotive, aerospace), and region (North America, Latin America, Europe). North America is expected to lead this market during the forecast period owing to its high adoption rate of solar panels in residential applications due to favorable policies such as net metering which allow homeowners with rooftop solar panels or other small-scale generators connected directly into their homes’ electrical grid system receive credit on their utility bills for any excess electricity they generate that goes back into the grid system.
5a) There are many different types of solar panels available on the market today, so there is something out there that can fit any budget or need someone might have when it comes to installing these products at their home or business; this leads to increased demand because people have more options when it comes time for purchasing one and also leads to increased production because manufacturers know that they can sell all different types without having any leftovers sitting around not being used by anyone who wants one but doesn't want anything too expensive or too cheap either; 5b) Solar panel prices vary depending on what type you buy (multicrystalline vs monocrystalline), how much power you want your system's capacity (kilowatts), what size your system needs (square feet), etc, so if someone wants a cheaper option then they can get one while if someone wants something higher quality then they can get that instead; 5c) The cost-effectiveness of installing solar panels at home or at work has been proven over time by studies done by various organizations such as Consumer Reports and others who have found out through research that it costs less money over time than paying monthly bills from electric companies like PG&E or Southern California Edison; 5d) Solar energy is renewable energy meaning we won't run out anytime soon like we would with fossil fuels such as coal and oil since sunlight isn't going anywhere anytime soon.
- The cost of solar panels has decreased significantly in the last few years, which has led to an increase in demand for them.
- Solar panel efficiency is increasing, which means that they are able to produce more electricity per square foot than they were before.
- The government is providing incentives for people to install solar panels on their homes and businesses, which will lead to increased demand for them as well as increased production of them.
- There are many new innovations in the field of solar panel technology that will allow people to use less space and produce more electricity from a smaller area than before, leading to an increase in demand for these products as well as an increase in production of them because there will be a need for more panels with this new technology available on the market.
Industry Growth Insights published a new data on “Multicrystalline Solar Panel Market”. The research report is titled “Multicrystalline Solar Panel Market research by Types (12V, 24V, Others), By Applications (Energy, Electronics, Automotive, Aerospace), By Players/Companies Renogy Solar, Emerald Sun Energy, Sharp”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Multicrystalline Solar Panel Market Research Report
By Type
12V, 24V, Others
By Application
Energy, Electronics, Automotive, Aerospace
By Companies
Renogy Solar, Emerald Sun Energy, Sharp
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
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Multicrystalline Solar Panel Market Report Segments:
The global Multicrystalline Solar Panel market is segmented on the basis of:
Types
12V, 24V, 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
Energy, Electronics, Automotive, Aerospace
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:
- Renogy Solar
- Emerald Sun Energy
- Sharp
Highlights of The Multicrystalline Solar Panel 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:
- 12V
- 24V
- Others
- By Application:
- Energy
- Electronics
- Automotive
- Aerospace
- 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 Multicrystalline Solar Panel 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?
A multicrystalline solar panel is a type of solar panel that uses multiple crystalline materials to create an efficient and durable device. This type of panel is more expensive to produce than a single-crystalline panel, but it offers greater energy efficiency and longer lifespan.
Some of the major players in the multicrystalline solar panel market are Renogy Solar, Emerald Sun Energy, Sharp.
The multicrystalline solar panel market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Multicrystalline Solar Panel 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. Multicrystalline Solar Panel Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Multicrystalline Solar Panel Market - Supply Chain
4.5. Global Multicrystalline Solar Panel Market Forecast
4.5.1. Multicrystalline Solar Panel Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Multicrystalline Solar Panel Market Size (000 Units) and Y-o-Y Growth
4.5.3. Multicrystalline Solar Panel Market Absolute $ Opportunity
5. Global Multicrystalline Solar Panel 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. Multicrystalline Solar Panel Market Size and Volume Forecast by Type
5.3.1. 12V
5.3.2. 24V
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Multicrystalline Solar Panel 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. Multicrystalline Solar Panel Market Size and Volume Forecast by Application
6.3.1. Energy
6.3.2. Electronics
6.3.3. Automotive
6.3.4. Aerospace
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Multicrystalline Solar Panel 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. Multicrystalline Solar Panel 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 Multicrystalline Solar Panel 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. Multicrystalline Solar Panel 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 Multicrystalline Solar Panel Demand Share Forecast, 2019-2026
9. North America Multicrystalline Solar Panel 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 Multicrystalline Solar Panel 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 Multicrystalline Solar Panel Market Size and Volume Forecast by Application
9.4.1. Energy
9.4.2. Electronics
9.4.3. Automotive
9.4.4. Aerospace
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Multicrystalline Solar Panel Market Size and Volume Forecast by Type
9.7.1. 12V
9.7.2. 24V
9.7.3. Others
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 Multicrystalline Solar Panel Demand Share Forecast, 2019-2026
10. Latin America Multicrystalline Solar Panel 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 Multicrystalline Solar Panel 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 Multicrystalline Solar Panel Market Size and Volume Forecast by Application
10.4.1. Energy
10.4.2. Electronics
10.4.3. Automotive
10.4.4. Aerospace
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Multicrystalline Solar Panel Market Size and Volume Forecast by Type
10.7.1. 12V
10.7.2. 24V
10.7.3. Others
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 Multicrystalline Solar Panel Demand Share Forecast, 2019-2026
11. Europe Multicrystalline Solar Panel 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 Multicrystalline Solar Panel 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 Multicrystalline Solar Panel Market Size and Volume Forecast by Application
11.4.1. Energy
11.4.2. Electronics
11.4.3. Automotive
11.4.4. Aerospace
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Multicrystalline Solar Panel Market Size and Volume Forecast by Type
11.7.1. 12V
11.7.2. 24V
11.7.3. Others
11.8. Bass Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections 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 Multicrystalline Solar Panel Demand Share, 2019-2026
12. Asia Pacific Multicrystalline Solar Panel 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 Multicrystalline Solar Panel 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 Multicrystalline Solar Panel Market Size and Volume Forecast by Application
12.4.1. Energy
12.4.2. Electronics
12.4.3. Automotive
12.4.4. Aerospace
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Multicrystalline Solar Panel Market Size and Volume Forecast by Type
12.7.1. 12V
12.7.2. 24V
12.7.3. Others
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 Multicrystalline Solar Panel Demand Share, 2019-2026
13. Middle East & Africa Multicrystalline Solar Panel 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 Multicrystalline Solar Panel 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 Multicrystalline Solar Panel Market Size and Volume Forecast by Application
13.4.1. Energy
13.4.2. Electronics
13.4.3. Automotive
13.4.4. Aerospace
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Multicrystalline Solar Panel Market Size and Volume Forecast by Type
13.7.1. 12V
13.7.2. 24V
13.7.3. Others
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 Multicrystalline Solar Panel Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Multicrystalline Solar Panel Market: Market Share Analysis
14.2. Multicrystalline Solar Panel Distributors and Customers
14.3. Multicrystalline Solar Panel Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Renogy Solar
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Emerald Sun Energy
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Sharp
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. COMPANY4
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. COMPANY5
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
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
