Aryan Kumar

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I am working in Market Research Company. So my job in research is to provide answers & guidance to our clients as they relate to marketing and consumer science.

 

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Ultra-thin solar cells are being increasingly used in low-load bearing buildings, and spacecraft, aerospace, and automotive industries due to their cost-effective and environment-friendly nature. Owing to these advantages, such solar cells are being considered as a better alternative to silicon-based photovoltaic (PV) cells. Moreover, low weight ultra-thin cells, on account of their high-power output, are ideal for use in automobile batteries, sensors and actuators in wearable electronics, soft robotics, and energy storage devices in spaceships and aircrafts. Similarly, the low weight of such cells makes them ideal for low-load bearing buildings.

In addition, the declining manufacturing cost of such energy storage devices is expected to accelerate the ultra-thin solar cells market at a CAGR of 56.9% during the forecast period (2020–2030). According to P&S Intelligence, the market generated revenue of $30.0 million in 2019. The final cost of solar electricity is majorly determined by the price of PV cells. Even though the levelized cost of energy (LCoE) of PV panels is lower than other renewable energy sources, it is still substantially higher than fossil fuels.

Categories under the technology segment of the ultra-thin solar cells market include gallium arsenide (GaAs), cadmium telluride (CdTe), and copper indium gallium diselenide (CIGS). Under this segment, the CdTe category held the largest market share in 2019 and it is expected to retain its dominance throughout the forecast period. This is because CdTe technology is the only technology that currently gives competition to crystalline silicone (c-Si) PV cells. Unlike other technologies that are currently in the testing phase, this is the only technology that has been put to commercial use.

Geographically, Asia-Pacific (APAC) holds the largest share in the ultra-thin solar cells market and it is expected to exhibit the fastest growth during the forecast period. This can be attributed to the rising engagement of regional market players in R&D activities to enhance efficiency and reduce the cost of PV panels while keeping the profits intact. These efforts have resulted in the development of ultra-thin solar cells, which are being used in the production of solar-powered electric vehicles (EVs).

Thus, the declining costs of solar cells and surging R&D activities in the development of cost-effective and efficient solar cells are expected to boost the adoption of ultra-thin solar cells across the world.

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With the surge in pollution levels, the demand for renewable and clean energy is rising sharply across the world. Moreover, the lack of availability of large land areas, on account of the soaring population levels across the globe, is massively boosting the popularity of advanced power generating technologies that are not only eco-friendly but also don’t require large land areas for power production. This is one of the major factors fueling the popularity of floating solar panels across the world.

In countries such as the U.S., India, the U.K., Australia, Brazil, Japan, and France, the governments are rapidly launching initiatives for developing floating solar power plants. For example, India announced in 2018 that it aims to develop floating solar power plants having 10 GW capacity. Due to these factors, the popularity of floating solar panels is surging sharply around the world, which is, in turn, propelling the advancement of the global floating solar panels market.

According to the forecast of P&S Intelligence, a market research company based in India, the valuation of the market will rise from $685.2 million in 2019 to $2,301.8 million by 2026. Solar tracking and stationary are the two most widely used types of floating solar panels all over the world. Between these, the demand for stationary floating solar panels was found to be higher during the last few years and this trend will continue in the upcoming years as well.

Download report sample at: https://www.psmarketresearch.com/market-analysis/floating-solar-panels-market/report-sample

This will be because of the fact that the chances of plant destruction are very high in deep waters such as oceans, because of higher tides and stronger waves, than in ponds and lakes. Globally, the demand for floating solar panels will shoot up in Asia-Pacific (APAC) in the coming years. This will be because of the soaring investments being made by various companies for the development of floating solar power plants in the regional countries.

Hence, it can be safely said that the demand for floating solar panels will boom in the coming years, primarily because of the declining availability of large land areas for power production and the growing popularity of eco-friendly and renewable energy sources all over the world.

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The major factors aiding in the growth of the South African charcoal briquettes market are the country’s rich barbecue culture and the low cost of such fuel. As a result, the revenue generated from the sale of such products is projected to display an 8.8% CAGR during the forecast period (2020–2030), to reach $286.7 million by 2030 from $136.0 million in 2019. Charcoal is produced by heating wood without oxygen, to remove all the volatile constituents and water from it.

Based on type, the South African charcoal briquettes market is categorized into round, hexagonal, oval/pillow, coconut shell, and others, which includes shisha, hookah, and octagonal charcoal briquettes. Among these, the oval/pillow category held the largest share during the historical period (2014–2019) due to the fact that these products are mostly produced within South Africa. Moreover, market players find this shape easier to create than others. In addition, this shape has even granularity and good clot state strength, which is why it is used as a sinter in blast furnaces.

A key trend in the South African charcoal briquettes market is the usage of instant-light briquettes. Lighting conventional briquettes can be a long and tiring process of kindling and rekindling the fire and continuously monitoring and controlling the heat. This is crucial as too strong a flame can burn the food instead of cooking it, while if the heat is too low, the food will never cook. Instant-light charcoal takes people’s pain of using a dryer and fan to control the heat away, as such briquettes come to the desired temperature within 20 minutes of being lit.

Due to the presence of a large number of small-scale, often individual, players, the South African charcoal briquettes market is highly fragmented in nature. This offers organizes players, including Ignite Products, E & C Charcoal (Pty) Ltd., Namchar (Pty) Ltd., Umlilo Charcoal Products (Pty) Ltd., Rapid Fire Charcoal and Briquettes CC, Braai & BBQ, SAFIRE CHARKA (Pty) Limited, Blaze Braai, Safari Braai Products, and Braaistar, to expand their presence in the country through retailers and wholesalers, as well as effective marketing strategies, and capture a larger share than presently.

Hence, with the growing barbecue tradition in the country, the demand for charcoal briquettes will continue to grow in South Africa.

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