Global Marine Solar Panel Market 2022-2027

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    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 no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2021-2026
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2021-2026
    19 Market Segmentation, Dynamics and Forecast by Application, 2021-2026
    20 Market Segmentation, Dynamics and Forecast by End use, 2021-2026
    21 Product installation rate by OEM, 2021
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2021
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
     
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