Email
Print
Flexible Solar Panel Market – By Type (Amorphous Silicon, Cadmium Telluride, Copper Indium Gallium Selenide, Others), By Application (Residential, Industrial, Aerospace, Automobile, Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030.
Flexible Solar Panel Market Overview:
The global Flexible Solar Panel Market size is estimated to reach $980.7 million by 2030, growing at a CAGR of 11% during the forecast period 2024-2030. The advancement of industrialization and modernization has resulted in the proliferation of internet-based communication, which, in turn, has facilitated the growth of the tourism sector. This expansion has subsequently generated a higher need for flexible solar panels.
Additionally, the rising demand for building-integrated photovoltaics is the primary factor propelling the global flexible solar panel market. The lightweight nature of flexible solar panels makes them suitable for installation in buildings, eliminating the need for extensive support infrastructure. The ease of installation further contributes to their popularity. Additionally, the availability of government incentives and tax rebates for solar panel installations will significantly drive the growth of flexible solar modules.
Flexible Solar Panel market - Report Coverage:
The “Flexible Solar Panel market - Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the flexible solar panel Market.
COVID-19 / Ukraine Crisis - Impact Analysis:
● The global economy has been profoundly devastated by the outbreak of the COVID-19 pandemic, resulting in severe consequences for businesses of all sizes. Governments worldwide were compelled to implement countrywide lockdown measures to control the spread of the COVID-19 infection. Furthermore, travel restrictions and trade limitations were enforced in various countries, causing significant disruptions in the global supply chain. The flexible solar panels market was adversely affected by the COVID-19 pandemic, leading to a notable impact on energy systems worldwide. The reduction in investments had a significant effect, and the production facilities for flexible solar panels were forced to shutdown, resulting in a substantial halt in their production.
● The supply chain disruption due to the Russia-Ukraine war has impeded the flexible solar panel Market growth. The conflict has lead to disruptions in transportation and trade between Russia and Ukraine, it could impact the supply chain of flexible solar panels. This can result in delays in the delivery of components or finished products, leading to a shortage in the market. The war may disrupt the supply of raw materials used in the production of flexible solar panels. If access to key resources like silicon, polymers, or metals is disrupted, it can lead to an increase in raw material costs. This can, in turn, affect the pricing and profitability of flexible solar panels.
Key Takeaways:
● Fastest Growth of Asia Pacific Region
The Asia-Pacific region holds the largest market share in the flexible solar panels industry, encompassing countries like China, Japan, India, South Korea, Australia, and others. India and China emerge as prominent players in this region, primarily driven by their sizable populations and high energy demands. These countries are also home to numerous mega-cities experiencing continuous population growth. Projections indicate that Asia-Pacific is expected to have the largest urban population by 2050. Moreover, India faces the prospect of constructing more than 70% of its buildings by 2030, suggesting a significant demand for energy to ensure energy-efficient structures. This, in turn, will contribute to the growing demand for flexible solar panels as part of the effort to enhance energy efficiency in these upcoming buildings.
● The growing utilization of flexible solar panels in diverse sectors
Flexible solar panels provide several benefits over standard solar panels. These may be installed on low-load supporting roofs. The absence of structural features such as ballasts or roof penetrations simplifies installation and reduces labour expenses. Thin-Film Adaptability Some flexible solar panel technologies, which are popular owing to their robustness and adaptability, are particularly well suited to maritime applications, such as onboard boats and yachts, where regular solar panels cannot be mounted. Moreover, an ultra-thin film solar panel that can be twisted as much as a thin sheet of plastic exists.
● The surge in the popularity of flexible solar panels in remote locations
Due to the growing demand for organic and environmentally friendly candles, commonly referred to as green candles, manufacturers are expanding their production to include materials other than paraffin, such as beeswax and soy wax. Beeswax and soy wax candles, when burned, do not release any harmful gases. However, the increasing popularity of organic candles has led to further fragmentation in the market. This trend is also observed in the selection of candle scents, as producers are substituting chemical fragrances with natural, plant-based compounds. Additionally, some manufacturers have focused on creating products that can eliminate smoke, such as Smoke Odor Exterminator Candles.
● Growing Popularity of Building-Integrated Photovoltaics (BIPV)
The integration of solar panels into building structures, known as BIPV, is gaining popularity worldwide. Flexible solar panels, with their lightweight and adaptable nature, are well-suited for BIPV applications. The increasing emphasis on energy-efficient and sustainable building practices is driving the demand for flexible solar panels in the construction industry.
● Limited Market Awareness and Adoption may impede market expansion.
Flexible solar panels are still relatively new in the market compared to traditional solar panels. Limited awareness and understanding of their benefits and potential applications can be a barrier to widespread adoption. Educating consumers, businesses, and industry stakeholders about the advantages and potential of flexible solar panels is crucial for their market growth.
Flexible Solar Panel Market Share (%) By Region, 2023
Key Market Players:
Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in flexible solar panel Market. The top 10 companies in this industry are listed below:
1. Hanergy Holding Group Ltd. ( Miasole, Alta Devices, Solibro)
2. Enecom Srl (Fino, Tutto)
3. Flisom AG (eFlex, eMetal, eFilm)
4. PowerFilm Solar, Inc. (Soltronix, Lightsaver)
5. SoloPower Systems, Inc. (Solobucket)
6. GLOBAL SOLAR ENERGY, Inc. (CIGS solar cells, thin-film PV)
7. SUNPOWER CORPORATION (Equinox)
8. Jinko solar Holdings co. Ltd. (Tiger Neo, Tiger Pro, Cheetah HC)
9. Sun Harmonics Co. Ltd. (Sunharmonics Dynamical Solar Power Pack, (Flexible Solar Cell)
10. Trina Solar Co. Ltd. (Vertex N, Vertex S, TallMax, DuoMax)
Scope of Report:
Relevant Reports:
Report Code: CMR 61382
Report Code: CMR 74753
Report Code: CMR 1355
1. Flexible Solar panel Market - Overview
1.1 Definitions and Scope
2. Flexible Solar panel Market - Executive Summary
3. Flexible Solar panel Market - Comparative Analysis
3.1 Company Benchmarking - Key Companies
3.2 Global Financial Analysis - Key Companies
3.3 Market Share Analysis - Key Companies
3.4 Patent Analysis
3.5 Pricing Analysis
4. Flexible Solar panel Market - Start-up Companies Scenario (Premium)
4.1 Key Start-up Company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Venture Capital and Funding Scenario
5. Flexible Solar panel Market – Market Entry Scenario Premium Premium (Premium)
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing Business Index
5.3 Case Studies of Successful Ventures
6. Flexible Solar panel Market - Forces
6.1 Market Drivers
6.2 Market Constraints/Challenges
6.3 Porter's Five Force Model
6.3.1 Bargaining power of suppliers
6.3.2 Bargaining powers of customers
6.3.3 Threat of new entrants
6.3.4 Rivalry among existing players
6.3.5 Threat of substitutes
7. Flexible Solar panel Market – Strategic Analysis
7.1 Value Chain Analysis
7.2 Opportunities Analysis
7.3 Market Life Cycle
8. Flexible Solar panel Market – by Type (Market Size – $Million/$Billion)
8.1 Amorphous Silicon
8.2 Cadmium Telluride
8.3 Copper Indium Gallium Selenide
8.4 Others
9. Flexible Solar panel Market – by Application (Market Size – $Million/$Billion)
9.1 Residential
9.2 Industrial
9.3 Aerospace
9.4 Automobile
9.5 Others
10. Flexible Solar panel Market – by Geography (Market Size – $Million/$Billion)
10.1. North America
10.1.1 The U.S.
10.1.2 Canada
10.1.3 Mexico
10.2 Europe
10.2.1 The UK
10.2.2 Germany
10.2.3 France
10.2.4 Italy
10.2.5 Spain
10.2.6 Russia
10.2.7 The Rest of Europe
10.3 Asia-Pacific
10.3.1 China
10.3.2 India
10.3.3 Japan
10.3.4 South Korea
10.3.5 Australia & New Zealand
10.3.6 The Rest of Asia-Pacific
10.4 South America
10.4.1 Brazil
10.4.2 Argentina
10.4.3 Chile
10.4.4 Colombia
10.4.5 The Rest of South America
10.5 The Rest of the World
10.5.1 The Middle East
10.5.2 Africa
11. Flexible Solar panel Market – Entropy
12. Flexible Solar panel Market – Industry/Segment Competition Landscape Premium
12.1 Market Share Analysis
12.1.1 Market Share by Type – Key Companies
12.1.2 Market Share by Region – Key Companies
12.1.3 Market Share by Country – Key Companies
12.2 Competition Matrix
12.3 Best Practices for Companies
13. Flexible Solar panel Market – Key Company List by Country Premium Premium Premium
14. Flexible Solar panel Market - Company Analysis
14.1 Hanergy Holding Group Ltd.
14.2 Enecom Srl
14.3 Flisom AG
14.4 PowerFilm Solar, Inc.
14.5 SoloPower Systems, Inc.
14.6 Company 6
14.7 Company 7
14.8 Company 8
14.9 Company 9
14.10 Company 10
* "Financials would be provided to private companies on a best-efforts basis."
Connect with our experts to get customized reports that best suit your requirements. Our reports include global-level data, niche markets and competitive landscape.
The flexible solar panel Market is projected to grow at 11% CAGR during the forecast period 2024-2030.
Global flexible solar panel Market size is estimated to reach $980.7 million by 2030.
The leading players in the flexible solar panel market are Hanergy Holding Group Ltd., Enecom Srl, Flisom AG, PowerFilm Solar, Inc., SoloPower Systems, Inc., and others.
The flexible solar panel market is expected to experience significant growth due to advancement of industrialization and modernization, demand for building-integrated photovoltaics, Integration into Building Materials are some major trends that will shape the market in future.
Growing Popularity of Building-Integrated Photovoltaics, The surge in the popularity of flexible solar panels in remote locations, Lightweight and Portable Solutions are some driving factors and opportunities for the flexible solar panel market.