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Catching the rays of the solar panel market

Catching the rays of the solar panel market

Solar power has become an increasingly popular alternative to traditional "grid" power. Homeowners and business owners alike are investing in solar power systems to capitalize on its cost-savings and Eco-friendly benefits.

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As of 2016, solar power represents roughly 1% of the world's electricity. However, advancements in the technology continue to grow, making solar power a more attractive source of energy.

In fact, experts say that the world's production of solar energy is growing at roughly 33% per year.

There are countless benefits associated with solar power, one of which is the simple fact that it's cheaper than grid power.

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Assuming the homeowner buys his or her solar power system outright (as opposed to renting or leasing it), he or she can essentially generate free electricity. Furthermore, statistics show that solar panels can cover roughly 84% of a typical American home's energy needs.

This means the homeowner must only pay for 16% of his or her power. Additionally, solar panels are completely green, neither producing nor releasing any greenhouse gases into the atmosphere.

The Global Solar Cells and Modules Market Research 2017 report by The Market Reports is a comprehensive study of the global solar cells and modules market. Featuring 124 pages along with tables, figures and statistics, it covers the market from all angles.

Within this report, you'll find information on the global solar cells and modules market's classifications, definitions, industry chain structure, growth rate, drivers, challenges and more. The report features 14 chapters that analyze both current and future prospective scenarios for the global solar cells and modules market.

Some of the key solar cell and module vendors profiled in this report include Hanwha, First Solar, Sunpower, Elkem Solar, Sharp, Kyocera Solar, Solar Frontier, Solarworld, Nsp, Trina Solar, Canadian Solar, Jinko Solar, Ja Solar, Gcl System Integration, Yingli, Shunfeng, Renesola, Risen, Chint Group and others.

The Global Solar Panel Module Sales Market 2017 report by The Market Reports is a second professional analysis of the global solar panel market. However, this report focuses specifically on the solar panel module market, whereas the first report covers both modules and solar cells.

Also known as photovoltaic cells, solar cells are the actual panels of a solar power system that catches sunlight and converts into electricity via the photovoltaic effect. 

This report segments the global solar panel module market by several criteria. On the basis of product type, the market is segmented into monocrystalline silicon solar PV, polycrystalline silicon PV and thin-film solar PV.

On the basis of end-user applications, the market is segmented into residential, commercial and industrial. Furthermore, it explores the common regions in which solar panel modules are produced and consumed, including the United States, China, Europe, Japan, Korea and Taiwan.

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Paul Hosking - Market Research NewsPaul Hosking
Category: New MediaCompany profile: Paul Hosking, founder of WhaTech writes from his experience with Market Research Reports. Sharing the latest and most interesting reports. Giving investors the "heads up" on what's next!