Views: 80 Author: Site Editor Publish Time: 2022-04-01 Origin: Site
Global flexible solar panels market is projected to reach $914.07 million by 2030, with a CAGR of 7.1% from 2021 to 2030. They are incredibly flexible, which makes them more versatile and even more resistant to high temperatures when compared to other panels.The solar arrays made from these panels tend to take up a lot of space compared to conventional solar panels due to their lower efficiency. They have short life spans and they were first applied in the solar powered calculator, which is mostly used by children and office workers. Now-a-days, they are used in much larger systems and have applications in building integrated systems, solar farms, and next generation vehicles.
The government’s Feed in Tariff (FiT) is one of the major attractions of taking on major renewable energy such as solar panels. This initiative essentially meant that electricity produced by solar panel system was paid for by the government to help offset the cost of buying the system.The various other initiatives of the government in order to improve the environment and provide electricity for the basic electronic gadgets in the rural areas are major factors that drive the growth of the flexible solar panels industry.
The global flexible solar panels market is segmented on the basis of type, application, and region.
On the basis of type of flexible solar panels, the global flexible solar panels market is segmented into amorphous silicon, CdTe, CIGS, and others. In addition, on the basis of application, the global market is segmented into residential, industrial, aerospace, automotive, and others.Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, Asia-Pacific accounts for the largest share of the market, followed by North America and Europe.