Hairy Solar Panels: Introduction

  • Hairy solar panels are produced with the help of nanotechnology by using light absorbing nanowires on carbon-nanotube fabrics. These nanowires have a cylindrical structure with a diameter of about a 10000th of a human hair.
  • These light absorbing nanowires can absorb more energy from the sun than silicon cells. Hairy solar panels provide a more direct path for electrons collected at the face of a panel to reach an electrode. This significantly improves efficiency of the system, thus allowing for more efficient energy harvesting from the sun.
  • Flexibility is a key advantage of hairy solar panels, as flexible structure allows these panels to be manufactured using roll-to-roll processes. This helps lower production costs compared to non-flexible solar panels.
  • Hairy solar panels can absorb up to 96% of the solar light reaching the panels. This makes solar energy more flexible as well as more affordable for residential and industrial sectors.

Key Drivers of Global Hairy Solar Panels Market

  • Growth in transition toward electric vehicles is likely to provide immense opportunities to manufacturers of hairy solar panels. These solar panels can be useful to add solar-generating capacity to vehicles. This, in turn, is likely to drive the global hairy solar panels market during the forecast period.
  • Hairy solar panels can be used to increase and enhance the efficiency of the existing solar setups. Users of solar panels installed on roofs of their houses can create an additional energy source by replacing conventional solar panels with hairy solar panels, as the latter are more affordable.
  • Government subsidies and initiatives for solar power across the world are projected to provide lucrative opportunities to the global hairy solar panels market during the forecast period
  • Exploration to find sustainable and clean sources of energy is required, as the world tries to limit emissions and reach net zero carbon emissions
  • Large monuments and structures (such as buildings, bridges, stadiums, and even roads) can be converted into a base for generating clean electricity by using hairy solar panels

Restraints of Global Hairy Solar Panels Market

  • Hairy solar panels are still in the development stage. This is one of the major limitations of the hairy solar panels market. However, if developed on a commercial scale, these solar panels can significantly increase the efficiency of solar panels. This is estimated to hamper the global hairy solar panels market during the forecast period.
  • The durability of Perovskite solar cells is low. They are not as strong or long-lasting as the conventional silicon solar cells. This is another key limitation of hairy solar panels.

Europe to Hold Major Share of Global Hairy Solar Panels Market

  • Based on region, the global hairy solar panels market can be classified into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa
  • Europe is likely to dominate the global hairy solar panels market during the forecast period. High investments, especially by governments of countries such as Germany; and technological advancements are projected to drive the market in the region from 2020 to 2030.
  • The European Union (EU) aims to achieve 20% share of energy from renewable energy sources (RESs) in the final energy consumption by the end of 2020. This is expected to drive the market in the region during the forecast period.
  • On the other hand, the size of the renewable energy industry in the U.S. is anticipated to double by the end of the forecast period. Renewable energy projects in the country are likely to benefit from multi-year federal tax incentives and several state-level policies promoting the use of solar energy in the next few years. This is anticipated to drive the hairy solar panels market in North America.
  • Asia Pacific is estimated to be a high potential region of the global hairy solar panels market during the forecast period, led by rise in concerns about air pollution and carbon emissions in India and China

Key Players Operating in Global Market

  • Hairy solar panels are under development

Global Hairy Solar Panels Market, by Application

  • Industrial
  • Commercial
  • Residential

Global Hairy Solar Panels Market, by Application

  • On Grid
  • Off Grid

Global Hairy Solar Panels Market, Research Scope

Global Hairy Solar Panels Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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