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PV Ribbon Market: Overview

Increasing demand for energy and rising concerns about global warming have forced governments and authorities to shift their focus from fossil fuels such as coal and crude oil toward green and clean sources of energy. This has resulted in increasing popularity of and investments in renewable energy sources such as solar, wind, hydro, and geothermal across the globe. With ratification of the Paris Agreement, governments across the world are investing heavily in renewable energy. Solar is one of the major sources of renewable energy, in which countries are investing heavily. According to the International Renewable Energy Agency, the overall global installed solar capacity stood at 389.6 GW in 2017.

Solar panels form an integral part of a solar energy system, which converts solar energy into heat or electricity. The PV ribbon is generally a copper conductor, which is coated with either hot-dipped solder or electrolytic tin, which is primarily used in solar panels. The ribbon interconnects solar cells in a photovoltaic solar module by soldering them directly on silicon crystals. In PV ribbons, copper is largely used as a base material, while aluminum alloys can also be used as a base material occasionally. Coating composition and thickness also play an important role in determining the reliability and strength of the coating in PV ribbons. There are several critical factors that need to be considered while designing PV ribbons such as yield strength, elongation, camber, and winding. These factors affect the performance of PV ribbons, solar modules, and the overall solar energy system. Low yield strength minimizes the possibility of solar cell breakages. Hence, maximizing the overall module power, while maintaining high elongation and minimum camber is desirable for proper functioning of the ribbon and the module.

PV Ribbon Market: Key Segments

Based on type, the global PV ribbon market can be segmented into interconnect ribbon and bus bar. The interconnect PV ribbon is used to interconnect several solar cell in a photovoltaic panel. The interconnect ribbon is directly soldered on the silicon crystals. They also carry the electric current produced in the solar cells to the PV bus bar. The bus bar PV ribbon is generally a hot dip tinned copper conductor which is installed around the solar panel perimeter. The bus bar functions as a connection between interconnect ribbon and the PV junction box. Based on application, the global PV ribbon market can be segregated into solar battery, solar modules to junction box arrangement and film substrate.

PV Ribbon Market: Regional Outlook

In terms of region, the global PV ribbon market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to dominate the global PV ribbon market during the forecast period, owing to the large number of manufacturers of solar panels and PV ribbons in the region, especially China and India. The solar industry in these countries is expanding at a rapid pace. Moreover, the PV ribbon market in Asia Pacific is likely to expand at a rapid pace during the forecast period, primarily due to increasing investments in the solar industry in the region, especially in countries such as China and India, wherein favorable government initiatives and lower solar panel prices are augmenting the industry. Europe is estimated to be the second-largest PV ribbon market during the forecast period.

PV Ribbon Market: Key Players

Some of the key players operating in the global PV ribbon market are ULBRICH SOLAR TECHNOLOGIES, INC., SHENMAO Technology Inc., Targray, Tamra Dhatu, Gebauer & Griller, Luvata, Bruker-Spaleck GmbH, Sarkuysan, AB INDUSTRIES, and SUKRITI VIDYUT UDYOG PRIVATE LTD. 

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?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across 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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Pv Ribbon Market