Solar Skin Market to be dominated by Curb Appeal segment till 2026
Increasing demand for
affordable energy and strict environment regulations are expected to drive the
demand of the global solar skin market in the forecast period.
According to TechSci Research report, “Solar
Skin Market - Global Industry Size, Share, Trends, Opportunity and
Forecast, 2016-2026
Segmented By Type (Photovoltaic Films, Dual Glass,
Solar Embedded Windows), By End User (Residential, Commercial, Industrial), By
Application (Curb Appeal, Panel Protection, Value Addition) and By Region”, the global solar skin market is expected to grow at
a steady CAGR for the forecast period, 2022-2026. The growing demand for
renewable energy sources as they can lower the electricity bills and the use of
solar energy for energy generation purposes helps in reducing the emission of
harmful gases into the environment. Solar skin is the advancement of the solar
panel in terms of visual appeal. Solar skin can be used for residential,
industrial, or commercial purposes according to the needs of the consumer by
offering solar skin in a wide variety of colors, styles, or patterns. Solar energy comprises nanoparticles which
are known as quantum dots that pass the electrons and generate electric current
when exposed to solar energy. These dots are printed on flexible sheets that
can be used as transparent skin to provide power to electronic devices
comprising electric vehicles and mobile phones and can be applied to windows or
any other surfaces. Solar skin is flexible and lightweight and can work in
weaker lighting conditions, for example, cloudy days or indoor lightning, which
is expected to bolster the demand for the global solar skin market. The invention
of solar skin has opened up numerous opportunities for different applications
to be used to power cars, homes, planes, and wearable technology. Homeowners
who do not want to put the traditional solar panels due to their aesthetic
appearance can choose the solar skin according to the need and convenience of
the consumers, which is expected to foster the market demand.
However, lower charging efficiency and initial high
investment may restrain the global solar skin market growth for the forecast
period.
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Global
solar skin market is segmented into type, application, end user, regional
distribution, and company. Based on the end user, the market is divided into residential,
commercial, and industrial. The residential segment is expected to account to
hold the major global solar skin market share for the forecast period,
2022-2026. The rise in the number of appliances using electricity as a power
source and the growing electricity bills is generating the need for alternate
power sources. Solar skin can be used for charging the devices as it flexible
and eliminates electricity bills. Market players are making efforts to
introduce solar skin with customizable graphics that perfectly match any roof
style, color, or pattern. Solar skin acts as external protection to the solar
panel, thereby ensuring the higher life of the solar panels.
Based
on application, the market is divided into curb appeal, panel protection, and
value addition. The curb appeal segment is expected to account for significant
market share for the forecast period, 2022-2026. Solar skin can be used as a
graphic overlay that can be applied over any traditional solar array to change
its visual appearance. Market players are launching the solar skin, which is
customizable and can be used to display a wide variety of colors, imagery,
text, or any custom artwork according to the client's needs. Solar skin uses
selective filtration technology to display the image and pass the solar energy
onto the underlying solar array.
Sistine
Solar, Solaria Corporation, Canadian Solar, Trina Solar, Q CELLS, SunPower
Corporation, LG Electronics are the leading players operating in global solar
skin market. Market players are increasingly focusing on research and
development process to fuel higher growth in the market.
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“Market
players are providing the customers with interactive applications and websites
to give the idea to clients about the final end-use result after the
implementation of solar skin onto the solar panels is expected to influence the
market demand. Availability of cost-effective solutions based on customer
preferences and initiatives taken by the market players to raise awareness
about the benefits of using solar technology as an alternate energy source is
expected to bolster the global solar skin market growth. Additionally, the
adoption of attractive marketing strategies and huge investments for
technological advancements is expected to propel the global solar skin market
growth till 2026” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Solar Skin Market -
Global Industry Size, Share, Trends, Opportunity and Forecast, 2016-2026, Segmented By Type
(Photovoltaic Films, Dual Glass, Solar Embedded Windows), By End User
(Residential, Commercial, Industrial), By Application (Curb Appeal, Panel
Protection, Value Addition) and By Region” has
evaluated the future growth potential of global solar skin market and provided
statistics & information on market size, shares, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers, challenges,
and opportunities in the of global solar skin market.
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