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Frameless Solar Panel Market Size, Share and Global Trend By Type (Monocrystalline Solar Panels, Polycrystalline Solar Panels, Thin-film Solar Panels), By Application (Residential, Commercial) and By Geography Forecast till 2026

Region : Global | Published Date: Upcoming | Report ID: FBI100294| Status : Upcoming

 

KEY INDUSTRY INSIGHTS

The Frameless solar panel is gaining lots of attention in the industry. Conventional solar panels have a metal frame on its edges and have mounting brackets that can be set up on either roof or wall. Some customers prefer the conventional set up of solar panel and some want to add aesthetics value of the building. The Frameless solar panel does not have any frame attached to them which results in lower embodied energy and retain its energy efficiency ratings.

These frames have solar cells arrayed between two layers of glass and hence also called as glass-on-glass panels or dual glass panel. Since there is no frame attached to the panels, the glass has to little thicker to provide structural strength to the panel. The major advantage of the frameless panel is that there is no frame to catch dirt and cleaning them is much easier than other types of panel. The market for the frameless solar panel can be segmented on the basis of type, application, and geography.


On the basis of type, the frameless solar panels are available in different cell types such as monocrystalline panel, polycrystalline panel, and thin film panel. The Monocrystalline panel provides more energy efficiency than its counterpart and hence mostly preferred on commercial projects due to its high cost. Whereas polycrystalline solar panels are cheaper and find its wide application in the residential application.

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On the basis of application, the market of frameless solar panel can be bifurcated by residential, commercial, and others. The other segment includes applications such as utility, military, industrial, etc. Currently, the commercial sector accounts for the major market share of frameless solar panel owing to the increasing demand of renewable energy along with aesthetic looks to commercial spaces.


The major driver for the Frameless Solar Panel Market is the increasing focus on adding aesthetic looks and retain high energy efficiency at the same time. As the demand for solar-based electricity is increasing across the world, many companies are coming up with latest advanced solar modules focusing on efficiency, cost, and design of the solar panel.


The factor that is expected to inhibit the growth of the market is the huge installation cost. The frameless solar panel comes in various types and is suitable for a different kind of requirement. Globally, the prices of the solar panel have gone down considerably over the years and the trend is going to follow in the forecast period.


KEY PLAYERS COVERED


Some of the major companies that are present in the global frameless solar panel market are Canadian Solar Inc., Trina Solar, Lumos Solar, SolarWorld, Adani Solar, Prism Solar Technologies, Jinko Solar, Sunpreme, dpSun Limited and, Avancis GmbH.


SEGMENTATION






















 SEGMENTATION



 DETAILS



By Type



· Monocrystalline Solar Panels


· Polycrystalline Solar Panels


· Thin-film Solar Panels



By Application



· Residential


· Commercial


· Others



By Geography



· North America (USA and Canada)


· Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)


· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)


· Latin America (Brazil, Mexico and Rest of Latin America)


· Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)



REGIONAL ANALYSIS


The global frameless solar panel market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe and North America are going to dominate the frameless solar panel market owing to planned investment in the renewable sector and it is also expected to account for a large proportion of the market in the forecast period as well. Asia Pacific countries such as China, Australia, and Indonesia are expected to gain the largest market opportunity owing to increasing huge potential of planned solar projects in the coming years. Followed by Latin America and Middle East & Africa regions respectively.


Key Industry Developments




  • In Feb 2019, Trina Solar shipped 16MW of its 350-365 W, bifacial, double glass monocrystalline PERC panels for French Utility EDF
  • In Feb 2018, Seraphim Energy group has signed a long term solar module supply agreement with Mexico based solar centre of Guadalajara, Jalisco for PV module distribution in the country. Seraphim has immediately began delivering high-efficiency dual glass module to solar centre
  • In Aug 2014, Trina Solar, a major PF manufacture from China, has received quality certifications for IEC61215, IEC61730 and UL1703 standards from UL and TUV Rheinland for its ‘Duo-Max’ 72-cell frameless dual glass module

Frameless Solar Panel Market Size, Share and Global Industry Trend Forecast till 2026
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