DUBLIN, Mar. 13, 2017 /PRNewswire/ --

Research and Markets has announced the addition of the "Global Adaptive Solar Collectors Market Outlook 2021 - Market Analysis by Geography, Type, Competitive Landscape, Key Company Information - Growth Trends and Forecasts" report to their offering.

The global solar power production has been increased from 7 GW to 40 GW in the last four years. The report estimates that the scale of production of smaller activities like production of solar powered cars or solar powered motors for agriculture industry and many others will grow at a faster rate than the previous years.

It is a billion dollar market with China leading the market of producing Photo voltaic cells. Germany is one of the leading countries for installing Photovoltaic across the country has an installed capacity of 37 GW. It leads the pack with China, United States of America, Japan and Italy closely on its heels.

The main concern regarding the solar power is the initial cost of Photovoltaic cells. This cost incurred is a one-time investment and solar panels have a very negligible maintenance cost. There are other concerns like solar power is an intermittent energy source. This problem is solved by connecting the solar panels to the grid so excess power can be saved and can be used any other time. This unreliability of solar power is not a lot compared to the fluctuation of oil and gas supply in the world.

In the recent years lot of research is going on in this field to make production easier and also to make the solar panels smaller and more customers friendly. Lot of efforts are being made to increase the efficiency of solar panels which used to have a very meagre efficiency percentage. Different techniques like Nano-crystalline solar cells, thin film processing, metamorphic multijunction solar cell, polymer processing etc. will help the future of this industry.

Market Dynamics

Drivers

• Increasing Energy Demand
• Environmental Advantages
• Low Maintenance Cost
• Applications in Various Sectors

Constraints

• High Initial Costs
• Intermittent Energy Source
• Large Areas Required to setup solar Farms

Opportunities

• Scope for New Technology Innovations

Companies Mentioned

• Wuxi Suntech Power Co., Ltd.
• First Solar Inc
• Juwi Solar, inc.
• SolarCity Corporation.
• Activ Solar GmbH
• Yingli Solar
• Trina Solar Limited
• Sharp Solar Energy Solutions Group
• Canadian Solar Inc.
• JinkoSolar Holding Co., Ltd.

For more information about this report visit http://www.researchandmarkets.com/research/wmt59d/global_adaptive

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SOURCE Research and Markets