The “Flexible Solar Panel Market” Research Report gives a comprehensive overview of the market, highlighting the key market growth trends, new opportunities, threats, and drivers. Also given is the market’s CAGR value. Market research on Flexible Solar Panel provides qualitative and quantitative analysis of company profiles, development updates, industry size, and market share across all over geographical regions.
The report also provides a comprehensive primary analysis of the market with an emphasis on the supply chain, segmentation, application types, key players, and industry sectors of the market. It offers a thorough grasp of the entire ecosystem, together with in-depth knowledge of important market categories and the impact they have on particular regions.
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Market Analysis and Insights: Global Flexible Solar Panel Market
The latest research study on the global Flexible Solar Panel market finds that the global Flexible Solar Panel market reached a value of USD 768.38 million in 2022. Its expected that the market will achieve USD 1650.52 million by 2028, exhibiting a CAGR of 13.59 percentage during the forecast period.
There are mainly three types of flexible solar panels: amorphous silicon, cadmium telluride, and copper indium gallium selenide. Flexible solar panels directly deposit thin films such as light-absorbing materials and electrodes on flexible substrates and perform final packaging.
With the rapid development of photovoltaic application scenarios and demands in recent years, solar panel technology tends to be thin-film and flexible. Flexible solar panels are thin, bendable, easy to carry and transport, and easy to integrate with surfaces of different shapes. Flexible solar panels have broad application prospects in industrial, residential, aerospace, automotive, and military fields.
Affect industry supply chain
The epidemic will have a short-term impact on the flexible solar panel industry. Due to blockade measures, shortage of labor force and interruption of global supply chain, it is difficult for enterprises producing flexible solar panels to purchase and transport raw materials and equipment, and upstream enterprises affect the work progress of downstream enterprises. Equipment manufacturing and product manufacturing enterprises in the flexible solar panel industry are affected to varying degrees, and production and delivery may be delayed to a certain extent.
In addition, the COVID-19 epidemic has led to the closure of many manufacturing plants around the world. The epidemic has caused huge income losses to the automobile, residential building and industrial end-user industries. In addition, it is expected that after the blockade is lifted in many countries, the product demand of the end-user department may increase.
Efficiency and cost are two major factors that restrict the development of flexible solar cells. The structure and performance of the battery are directly related to the structure and morphology of the substrate, and the performance of the solar battery varies with the preparation temperature. Therefore, for flexible substrates with high roughness and can’t withstand high temperature, it is necessary to develop a new preparation process and design a new structure. In addition, the industrial production of flexible solar cells needs roll-to-roll production equipment. At present, the manufacturing level of roll-to-roll equipment is generally low. The production of large-area flexible solar panel components is slow and the yield is low, which leads to higher cost of flexible solar panels.
Flexible solar panels still face many problems such as material preparation and stability, material life under complex conditions, photoelectric conversion efficiency, charge and discharge efficiency, safety and cost.
Develop new flexible substrate materials
As the substrate of the flexible solar panel, it needs to meet several conditions: it has the same or similar thermal expansion coefficient as the battery material, can withstand the battery preparation process temperature, has small surface roughness, is light, and has low cost. At present, the materials commonly used as flexible substrates are stainless steel foil, PI, PEN and PET. Among them, the stainless-steel foil can withstand the manufacturing process temperature of the battery, but the surface roughness of the substrate is large, and the metal impurities in it will diffuse into the battery during the manufacturing process, which will affect the battery efficiency. PI, PEN and PET have smaller surface roughness and lighter weight, but they can’t bear the high temperature process, and the battery efficiency will also be affected. Therefore, developing new flexible substrate materials with light weight, low cost and high temperature resistance will not only help to further reduce costs, but also help to improve battery efficiency.
Geographically, Americas held the largest market share 49.84 percentagein 2021.
MiaSolÃ is one of the major players operating in the Flexible Solar Panel market, holding a share of 22 percentage in 2022.
Headquartered in Singapore, Maxeon designs, manufactures and sells SunPower brand solar panels across more than 100 countries, with operations in Africa, Asia, Oceania, Europe and the Americas. Maxeon is the leader in solar innovation, with access to over 1,000 patents and two best-in-class differentiated solar panel product lines. The company’s flagship SunPower Maxeon panels reach record-setting efficiency and unmatched reliability while its value line SunPower Performance panels offer reliability and output superior to conventional products. Both product lines are deployed at some of the highest-performing solar power plants around the world and are installed on residential and commercial rooftops by a global network of more than 1,100 trusted partners and distributors. Maxeon is also the exclusive supplier of solar panels to California-based SunPower Corporation.
MiaSolÃ is a producer of lightweight, flexible and powerful solar cells and cell manufacturing equipment. The innovative solar cell is based on the highest efficiency thin film technology available today, and its flexible cell architecture makes it ideal for a wide variety of solutions ranging from commercial roofing solar panels to portable mobile devices. MiaSolÃs turnkey CIGS equipment lines, CIGS process equipment technology, proprietary CIG target manufacturing, RandD support and spare parts allow customers to produce their own high-efficiency cells.
Among different product types, Copper Indium Gallium Selenide segment is anticipated to contribute the largest market share in 2027.
Amorphous silicon (a-Si) is the non-crystalline form of silicon used for flexible solar panel. Amorphous silicon is deposited in thin films onto a variety of flexible substrates, such as glass, metal and plastic. Amorphous silicon cells generally feature low efficiency, but are one of the most environmentally friendly photovoltaic technologies, since they do not use any toxic heavy metals such as cadmium or lead.
Cadmium telluride (CdTe) is a stable crystalline compound formed from cadmium and tellurium. It is mainly used as the semiconducting material in cadmium telluride photovoltaics and an infrared optical window. It is usually sandwiched with cadmium sulfide to form a pn junction solar PV cell.
Copper Indium Gallium Selenide
Copper indium gallium (di)selenide (CIGS) is a I-III-VI2 semiconductor material composed of copper, indium, gallium, and selenium. The material is a solid solution of copper indium selenide (often abbreviated “CIS”) and copper gallium selenide.
It is best known as the material for CIGS solar cells a thin-film technology used in the photovoltaic industry. In this role, CIGS has the advantage of being able to be deposited on flexible substrate materials, producing highly flexible, lightweight solar panels.
The crystalline silicon flexible solar panel usually has the thickness of the traditional flexible solar panel, but it keeps high quality and has the photoelectric conversion efficiency similar to that of the traditional crystalline silicon cell.
The market’s largest segment by application is the segment Automotive, with a market shareof 37.22 percentagein 2021.
Major Players in Flexible Solar Panel market are:
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Flexible Solar Panel Market by Types:
Copper Indium Gallium Selenide
Flexible Solar Panel Market by Applications:
Flexible Solar Panel Market Key Points:
Define, describe and forecast Flexible Solar Panel product market by type, application, end user and region.
Provide enterprise external environment analysis and PEST analysis.
Provide strategies for company to deal with the impact of COVID-19.
Provide market dynamic analysis, including market driving factors, market development constraints.
Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.
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Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historical data and forecast :
Middle East and Africa
Chapter 1 mainly defines the market scope and introduces the macro overview of the industry, with an executive summary of different market segments ((by type, application, region, etc.), including the definition, market size, and trend of each market segment.
Chapter 2 provides a qualitative analysis of the current status and future trends of the market. Industry Entry Barriers, market drivers, market challenges, emerging markets, consumer preference analysis, together with the impact of the COVID-19 outbreak will all be thoroughly explained.
Chapter 3 analyzes the current competitive situation of the market by providing data regarding the players, including their sales volume and revenue with corresponding market shares, price and gross margin. In addition, information about market concentration ratio, mergers, acquisitions, and expansion plans will also be covered.
Chapter 4 focuses on the regional market, presenting detailed data (i.e., sales volume, revenue, price, gross margin) of the most representative regions and countries in the world.
Chapter 5 provides the analysis of various market segments according to product types, covering sales volume, revenue along with market share and growth rate, plus the price analysis of each type.
Chapter 6 shows the breakdown data of different applications, including the consumption and revenue with market share and growth rate, with the aim of helping the readers to take a close-up look at the downstream market.
Chapter 7 provides a combination of quantitative and qualitative analyses of the market size and development trends in the next five years. The forecast information of the whole, as well as the breakdown market, offers the readers a chance to look into the future of the industry.
Chapter 8 is the analysis of the whole market industrial chain, covering key raw materials suppliers and price analysis, manufacturing cost structure analysis, alternative product analysis, also providing information on major distributors, downstream buyers, and the impact of COVID-19 pandemic.
Chapter 9 shares a list of the key players in the market, together with their basic information, product profiles, market performance (i.e., sales volume, price, revenue, gross margin), recent development, SWOT analysis, etc.
Chapter 10 is the conclusion of the report which helps the readers to sum up the main findings and points.
Chapter 11 introduces the market research methods and data sources.
Major Questions Addressed in the Report:
What is the anticipated growth rate of the Flexible Solar Panel market and what factors are influencing this growth in the next years?
What is the market’s perception and adoption rate of the various kinds of Flexible Solar Panel?
How are government initiatives and regulatory measures influencing the expansion of the Flexible Solar Panel market?
What are the top 5 competitors’ market shares, and how are they projected to change over the next few years?
What new developments and technology are there in the Flexible Solar Panel market, and how are they changing the business environment?
What impact do macroeconomic variables like GDP, inflation, and exchange rates have on the Flexible Solar Panel market?
What are the supply chain and logistical issues the participants in the Flexible Solar Panel market are dealing with?
How are the dynamics of the Flexible Solar Panel market being impacted by shifting customer behaviour and preferences?
What potential dangers and pitfalls could accompany investing in the Flexible Solar Panel market, and how can they be avoided?
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Detailed TOC of Global Flexible Solar Panel Industry Research Report
Market Definition and Statistical Scope
1.1 Objective of the Study
1.2 Flexible Solar Panel Market Definition
1.3 Market Scope
1.3.1 Market Segmentation by Type, Downstream Industry and Marketing Channel
1.3.2 Major Geographies Covered (North America, Europe, Asia Pacific, Middle East and Africa, Latin America)
1.4 Years Considered for the Study (2018-2029)
1.5 Currency Considered (U.S. Dollar)
Research Findings and Conclusion
3 Key Companies Profile
3.1 Competitive Profile
3.1.1 Global Flexible Solar Panel Sales and Market Share by Companies
3.1.2 Global Flexible Solar Panel Revenue and Market Share by Companies
3.2 Manufacture 1
3.2.1 Brief Introduction of Manufacture 1
3.2.2 Manufacture 1 Sales, Growth Rate and Global Market Share from 2018-2023
3.2.3 Manufacture 1 Related Products/Service Introduction
3.2.4 Manufacture 1 Business Overview/Recent Development/Acquisitions
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Global Flexible Solar Panel Market Segmented by Type
4.1 Global Flexible Solar Panel Sales, Revenue and Growth Rate by Type 2018-2023
5 Global Flexible Solar Panel Market Segmented by Downstream Industry
5.1 Global Flexible Solar Panel Sales, Revenue and Growth Rate by Downstream Industry 2018-2023
6 Flexible Solar Panel Industry Chain Analysis
6.1 Value Chain Status
6.2 Upstream Raw Material Analysis
6.3 Midstream Major Company Analysis (by Manufacturing Base, by Product Type)
6.5 Downstream Major Customer Analysis (by Region)
6.6 Value Chain Under Regional Conflicts
The Development and Dynamics of Flexible Solar Panel Market
7.1 Driving Factors of the Market
7.2 Factors Challenging the Market
7.3 Opportunities of the Global Flexible Solar Panel Market (Regions, Growing/Emerging Downstream Market Analysis)
7.4 Technology Status and Developments in the Flexible Solar Panel Market
7.5 Industry News
7.6 Market Investment Scenario Strategic Recommendations
7.7 COVID-19 Impact on Flexible Solar Panel Industry
7.7.1 Flexible Solar Panel Business Impact Assessment – Covid-19
7.7.2 Supply Chain Challenges
7.7.3 Market Trends and Potential Opportunities of Flexible Solar Panel in the COVID-19 Landscape
7.8 Industry SWOT Analysis
8 Global Flexible Solar Panel Market Segmented by Geography
8.1 Global Flexible Solar Panel Revenue and Market Share by Region 2018-2023
8.2 Global Flexible Solar Panel Sales and Market Share by Region 2018-2023
9 North America
9.1 North America Flexible Solar Panel Sales, Price, Revenue, Gross Margin (%) and Gross Analysis from 2018-2023
9.2 North America Flexible Solar Panel Sales Analysis from 2018-2023
9.3 North America Flexible Solar Panel Import and Export from 2018-2023
9.4 North America Flexible Solar Panel Market by Country
9.4.1 North America Flexible Solar Panel Sales by Country (2018-2023)
9.4.2 North America Flexible Solar Panel Revenue by Country (2018-2023)
9.4.3 United States Flexible Solar Panel Sales and Growth (2018-2023)
9.4.4 Canada Flexible Solar Panel Sales and Growth (2018-2023)
10.1 Europe Flexible Solar Panel Sales, Price, Revenue, Gross Margin (%) and Gross Analysis from 2018-2023
10.2 Europe Flexible Solar Panel Sales Analysis from 2018-2023
10.3 Europe Flexible Solar Panel Import and Export from 2018-2023
10.4 Europe Flexible Solar Panel Market by Country
10.4.1 Europe Flexible Solar Panel Sales by Country (2018-2023)
10.4.2 Europe Flexible Solar Panel Revenue by Country (2018-2023)
10.4.3 Germany Flexible Solar Panel Sales and Growth (2018-2023)
10.4.4 UK Flexible Solar Panel Sales and Growth (2018-2023)
10.4.5 France Flexible Solar Panel Sales and Growth (2018-2023)
10.4.6 Italy Flexible Solar Panel Sales and Growth (2018-2023)
10.4.7 Spain Flexible Solar Panel Sales and Growth (2018-2023)
10.4.8 Russia Flexible Solar Panel Sales and Growth (2018-2023)
10.4.9 Netherlands Flexible Solar Panel Sales and Growth (2018-2023)
10.4.10 Turkey Flexible Solar Panel Sales and Growth (2018-2023)
10.4.11 Switzerland Flexible Solar Panel Sales and Growth (2018-2023)
10.4.12 Sweden Flexible Solar Panel Sales and Growth (2018-2023)
11 Asia Pacific
11.1 Asia Pacific Flexible Solar Panel Sales, Price, Revenue, Gross Margin (%) and Gross Analysis from 2018-2023
11.2 Asia Pacific Flexible Solar Panel Sales Analysis from 2018-2023
11.3 Asia Pacific Flexible Solar Panel Import and Export from 2018-2023
11.4 Asia Pacific Flexible Solar Panel Market by Country
11.4.1 Asia Pacific Flexible Solar Panel Sales by Country (2018-2023)
11.4.2 Asia Pacific Flexible Solar Panel Revenue by Country (2018-2023)
11.4.3 China Flexible Solar Panel Sales and Growth (2018-2023)
11.4.4 Japan Flexible Solar Panel Sales and Growth (2018-2023)
11.4.5 South Korea Flexible Solar Panel Sales and Growth (2018-2023)
11.4.6 Australia Flexible Solar Panel Sales and Growth (2018-2023)
11.4.7 India Flexible Solar Panel Sales and Growth (2018-2023)
11.4.8 Indonesia Flexible Solar Panel Sales and Growth (2018-2023)
11.4.9 Philippines Flexible Solar Panel Sales and Growth (2018-2023)
11.4.10 Malaysia Flexible Solar Panel Sales and Growth (2018-2023)
12 Latin America
12.1 Latin America Flexible Solar Panel Sales, Price, Revenue, Gross Margin (%) and Gross Analysis from 2018-2023
12.2 Latin America Flexible Solar Panel Sales Analysis from 2018-2023
12.3 Latin America Flexible Solar Panel Import and Export from 2018-2023
12.4 Latin America Flexible Solar Panel Market by Country
12.4.1 Latin America Flexible Solar Panel Sales by Country (2018-2023)
12.4.2 Latin America Flexible Solar Panel Revenue by Country (2018-2023)
12.4.3 Brazil Flexible Solar Panel Sales and Growth (2018-2023)
12.4.4 Mexico Flexible Solar Panel Sales and Growth (2018-2023)
12.4.5 Argentina Flexible Solar Panel Sales and Growth (2018-2023)
13 Middle East and Africa
13.1 Middle East and Africa Flexible Solar Panel Sales, Price, Revenue, Gross Margin (%) and Gross Analysis from 2018-2023
13.2 Middle East and Africa Flexible Solar Panel Sales Analysis from 2018-2023
13.3 Middle East and Africa Flexible Solar Panel Import and Export from 2018-2023
13.4 Middle East and Africa Flexible Solar Panel Market by Country
13.4.1 Middle East and Africa Flexible Solar Panel Sales by Country (2018-2023)
13.4.2 Middle East and Africa Flexible Solar Panel Revenue by Country (2018-2023)
13.4.3 Saudi Arabia Flexible Solar Panel Sales and Growth (2018-2023)
13.4.4 UAE Flexible Solar Panel Sales and Growth (2018-2023)
13.4.5 Egypt Flexible Solar Panel Sales and Growth (2018-2023)
13.4.6 South Africa Flexible Solar Panel Sales and Growth (2018-2023)
Global Flexible Solar Panel Market Forecast by Geography, Type, and Downstream Industry 2023-2029
14.1 Forecast of the Global Flexible Solar Panel Market from 2023-2029 by Region
14.2 Global Flexible Solar Panel Sales and Growth Rate Forecast by Type (2023-2029)
14.3 Global Flexible Solar Panel Sales and Growth Rate Forecast by Downstream Industry (2023-2029)
14.4 Flexible Solar Panel Market Forecast Under COVID-19
15.2 Research Data Source
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To view the original version on The Express Wire visit Flexible Solar Panel Market Size 2023: Report by Market Share, Growth Rate, Historical Data and Industry Development | 2030