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Solar Cell Busbar Market Size, Share and Global Trend By Type(Up to 2BB, 3BB to 5BB, More than 5BB), By Application(Monocrystalline, Polycrystalline, Thin Film), By End User (Residential, Commercial, Industrial, Utilities), and Regional Forecast, 2024-2032

Region : Global | Report ID: FBI100399 | Status : Ongoing

 

KEY MARKET INSIGHTS

 In a solar panel, there’s a thin strip of copper or aluminum between cells that conducts electricity which is called Busbar. It separates solar cells which can be seen in a square pattern on the panels and conduct the direct current collected in the cell from solar photons to the solar inverter. The solar inverter further converts the direct current into usable alternating current. Busbar is flat strip and can be as small as 10mm2. Busbars have a high surface area to cross-sectional area ratio which allows heat to dissipate more efficiently.


The utilization of solar cell busbar has grown after 2012 as it helps in improving efficiency by the reduction in the resistance offered.  Greater the number of busbar used greater is efficiency. As the solar market has spread across very rapidly which has led to the innovation of new products such as solar air conditioning, solar charger, solar inverter, solar chimney, solar-powered refrigerator, solar cooker, solar dryer, solar street lights, solar traffic lights, solar cars, solar bus, etc. This has also helped the global solar cell busbar market to flourish.

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On the basis of its types, the solar cell busbar market can be segmented into Up to 2BB, 3BB to 5BB and more than 5BB. The overall performance of the multi-cell busbar is greater than 2BB and 3BB which makes them more preferred over others. The multi-cell busbar gives the advantage of the reduction of the effective finger length between the busbar, which reduces finger resistance losses, as well as the lesser impacts of microcracks, which improve the long term reliability of multi busbar.

On the basis of its applications, solar cell busbar can be segmented into a monocrystalline, polycrystalline and thin film. The efficiency and lifetime of the monocrystalline module on which the busbar is used make it more preferred over the polycrystalline and thin film. On the basis of its end use, the solar busbar cell market can be segmented into residential, industrial, commercial and utilities. As there has been an increase in solar energy utilization in residential applications solar cell busbar have been most adopted in the residential sector for water heaters, battery, and cell phone chargers, solar vehicles, etc.

The major market driver for the solar cell busbar market is the increase in efficiency obtained by using the busbar. Busbar reduces the resistance between cells and therefore the current generated goes up as per the Ohm's law. Also, there is an increasing demand for clean energy around the world. Many Countries are now shifting towards the sources of clean energy. With the provision of government incentives and tax rebates over the installation of solar panels, solar energy is the most adopted amongst the available sources.

The Key Market restraint for the solar cell busbar market is the high cost of installation of the solar panels. A certain area of land has to be given for the installation of the panels, the required amount of area increases with an increase in the amount of energy required. Post installation of panels the area cannot be used further for any other purpose which acts as a restraint in the growth of the solar cell busbar market.

KEY PLAYERS COVERED


Some of the major companies that are present in the global solar cell busbar market are Jinko Solar, Trina Solar, Canadian Solar, JA Solar, Hanwha q cells, GCL System Integration, Longi Solar, Shufeng, Kyocera, Yingli, RGS Energy, Solar City, Soligent, Sun Power, Sunnova, and Sunrun.

SEGMENTATION


























 Segmentation


 Details


By Type


·      Up to 2BB

·      3BB to 5BB

·      More than 5BB


By Application


·      Monocrystalline

·      Polycrystalline

·      Thin Film


By End User


·      Residential

·      Commercial

·      Industrial

·      Utilities


By Geography


·      North America (The USA and Canada)

·      Europe (UK, Germany, France, Netherlands, Norway, 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 the Middle East & Africa)


 

REGIONAL ANALYSIS


 

Developed and the developing countries have drifted towards the use of solar energy, the global solar energy demand has spread across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. To increase the efficiency and production of solar energy, busbars have become important and therefore they are used in every installation of solar panels. China Stands as the largest producer of solar panels and also has the largest photovoltaic energy in the Asia Pacific region.

Germany is the largest solar energy producer in Europe followed by Italy, the United Kingdom, Spain, and others. The USA ranks top in North America and Chile in South America where other countries like Canada, Mexico, Brazil, Uruguay, have also increased the production of solar energy at a good rate. African continent receives maximum sunlight than any other continent on earth and countries in the region seem to have realized that which can be noticed by their approach towards solar energy in recent times. South Africa has been the most successful country in the production of solar energy in this region by far which is followed by countries like Angola, Egypt, Senegal, etc.

KEY INDUSTRY DEVELOPMENTS



  • In April 2019, Hanwha Q Cells unveiled the upgraded version of its Q Peak duo solar module series. The G6 module is produced with 161.7 wafers, passivated emitter rear contact (PERC) technology, and 6 busbars. It is available in 122 cell format with an output of 355W and 144 cell version which gives an output of 420W. 

  • In May 2019, Imec a leading company in the development of Nanoelectronics and digital technologies announced that its n-pert solar cells developed with Jolywood have reached a certified conversion efficiency of 23.2%. Further, they confirmed that compared to previous results they have optimized fully screen-printed bifacial n-PERT cells process and adopted a design with 12 busbars.

  • In April 2019, FuturaSun, an Italian PV company patented its new 12 busbar stringer machine named SILK. The Italian R&D department had been working on R&D of SILK since 2017. The machine is designed to enhance the performance of 12 busbar modules, the stringer works with cells from 5 to 12 busbars and can adapt to future busbarless cell applications.


  • Ongoing
  • 2023
  • 2019-2022

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