GLOBAL MARINE SOLAR PANEL MARKET 

A solar panel is fundamentally a battery charger that transforms solar energy into electrical energy(DC charge).Most marine solar systems comprise  three major components i.e solar panels,charge controller and batteries. To know more about Marine batteries, read our Marine Lithium battery market report

Solar Panel Applications in Marine/ boating industry

1. Maintenance charging for boats on anchoring/moorings

2. Supplementing engine-based charging during cruising

3. Sole-energy source in absence of  on-board Diesel generator

MARKET DYNAMICS

Solar-power efficiency has undergone significant developments in recent years. Small boat owners often use solar panels as supplementary power generator which are also environment friendly with zero noise.There are three type of marine solar panels on sale today.

  1. Mono-crystalline -Cells have the highest efficiency rates because they are cut from a single crystal of the high grade silicon, have the superior life expectancy (20+ years), and consume less space due to their high efficiency
  2. Poly-crystalline- Cells, made from recycled silicon, comparatively less efficient and often less durable
  3. Amorphous/Flexible – These solar panels are flexible panels , low cost, and least efficient.

Efficiency of solar panels  range from as low as 9-10%, for flexible panels, to about 16-18% for poly-crystalline panels, and 21-23% for mono-crystalline panels.

Crystalline panels degrade much slower than flexible/amorphous type and therefore produce energy for a longer period of time(20+ years), as compared to flexible/amorphous type which have shorter warranties (3-5 years).

 

MARKET SEGMENTATION

Infographic: Marine solar panel market size detailed in Million dollars

 

 

 

 

MARKET SIZE AND FORECAST

The aluminum-framed solar panels are the least expensive, as they are manufactured via a modular construction process. The crystalline panels are highly specialized items made in small quantities, so they’re more expensive.

The marine solar panel market is estimated at XX units per annum, growing at ~X% CAGR till 2025.US accounts for almost ~30% of global marine solar panel sales per annum

 

 

COMPANY PROFILES

 

  1. Suaoki SunPower
  2. HQST
  3. Newpowa
  4. ECO-Worthy
  5. WindyNation
  6. Kingsolar
  7. Instapark
  8. ACOPOWER

 

 

 

THIS REPORT WILL ANSWER THE FOLLOWING QUESTIONS
  1.   Market Size and Forecast of marine solar panel market, by region, by price and by power output(Volume and Value)
  2.   Market Trends,risks, drivers and opportunities in  global marine solar panel market
  3.   Market share of suppliers, and their painpoints
  4.   Growth strategy of marine solar panel suppliers and opportunity in charter market
  5.   Important distributors of marine solar panels in US , Europe and Asia
Sl noTopic
1Market Segmentation
2Scope of the report
3Abbreviations
4Research Methodology
5Executive Summary
6Introduction
7Insights from Industry stakeholders
8Cost breakdown of Product by sub-components and average profit margin
9Disruptive innovation in the Industry
10Technology trends in the Industry
11Consumer trends in the industry
12Recent Production Milestones
13Component Manufacturing in US, EU and China
14COVID-19 impact on overall market
15COVID-19 impact on Production of components
16COVID-19 impact on Point of sale
17Market Segmentation, Dynamics and Forecast by Geography, 2020-2025
18Market Segmentation, Dynamics and Forecast by Product Type, 2020-2025
19Market Segmentation, Dynamics and Forecast by Application, 2020-2025
20Market Segmentation, Dynamics and Forecast by End use, 2020-2025
21Product installation rate by OEM, 2020
22Incline/Decline in Average B-2-B selling price in past 5 years
23Competition from substitute products
24Gross margin and average profitability of suppliers
25New product development in past 12 months
26M&A in past 12 months
27Growth strategy of leading players
28Market share of vendors, 2020
29Company Profiles
30Unmet needs and opportunity for new suppliers
31Conclusion
32Appendix

 

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