Solar Panel Cleaning Market: Current Analysis and Forecast (2021-2027)
$3999 – $7577
Emphasis on Technology (Wet Cleaning and Dry Cleaning); Process (Semi-Automated, Automated, Water Brushes, Electrostatic, Automated Robotic, and Others); Application (Residential, Commercial, and Industrial & Utility); and Region/Country
Detailed Analysis of COVID-19 Impact on the Solar Panel Cleaning Market
Pages: | 220 |
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Table: | 35 |
Figure: | 82 |
Report ID: | UMEP21831 |
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Report Description
The global solar panel cleaning market is expected to register a CAGR of around 9% throughout 2022-2028. The global solar panel market is uplifting on account of the rising solar PV installation trends along with decreasing overall unit costs. Moreover, the growing focus on panel efficiency optimization followed by increasing renewable integration across the global energy mix will positively stimulate the industry landscape. Also, the government across countries has encouraged the use of solar energy, which has resulted in a surge in solar panels and cleaning, which will fuel the solar panel cleaning industry. The installation of solar panels worldwide grew at a substantial rate of nearly 70% from 2015 to 2020 and the average cost of solar panels reduced to 0.38 USD per Watt in 2019, compared to 2.04 USD per Watt in 2010. Therefore, the solar rooftop market is likely to grow at an influential rate during the forecast period. The need for solar panel cleaning will be boosted by increased awareness about the use of clean energy and protection of natural resources and the adoption of solar energy by many businesses. In addition, the market will rise due to increased large-scale solar installations across numerous coastal and agricultural regions with heavy dust and soil deposition.
Boson Robotics Ltd., Ecoppia, Karcher, Kashgar Solbright, Photovoltaic Technology Co., Ltd., NOMADD, Premier Solar Cleaning, LLC, Saint-Gobain Surface Conditioning, Serbot AG, Sharp Corporation, SunBrush mobil GmbH. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst technology, wet cleaning category held a prominent share in the market in 2020”
Based on technology, the solar panel cleaning market is bifurcated into wet cleaning and dry cleaning. The wet technology segment grabbed the major market share in 2020. higher efficiency, easy accessibility, and lower cost are some of the prime factors due to which the share of this segment is on rising. Also, high efficiency toward cleaning panel surfaces and wide applicability & feasibility across high soiling conditions is contributing to the higher market growth of this segment. In addition, the accessibility of organic chemicals as a substitute for water-based cleaning techniques will complement the product adoption.
Also, end-users are focusing on increasing their power generation capacity in areas where there are higher chances of soiling losses. This type of loss happens when dirt and dust accumulate on the solar panels that scatter light rays, ultimately leading to the loss of solar energy. There are several chemicals and solutions available in the market that specialize in cleaning solar panels, augmenting the demand for wet cleaning.
“Amongst process, semi-automated category held a prominent share in the market in 2020”
Based on process, the solar panel cleaning market is segmented into semi-automated, automated, water brushes, electrostatic, automated robotic, and others. Semi-automated segment catered to extensive share in the market. One of the major reasons for the growth of the semi-automated solar systems is the supportive policies introduced by the governments like feed-in tariffs, subsidies, and many others. These plans will encourage the production of solar energy to reduce the carbon emission rates of industries in emerging economies. This form of solar panel cleaning system has a wider range of applications across commercial and residential spaces and has beneficial features for end-users like flexible cleaning requirements, greater compatibility with a tracking system, and lower upfront cost on setting up.
However, Manual solar panel cleaning operations will find increased demand among consumers across the residential sector in North America. People living in residential complexes are becoming aware of the harmful effects of non-renewable energy sources on nature. Therefore, they are increasingly adopting solar panels as an eco-friendly alternative to other conventional sources of electricity generation. They are increasing their focus on smart infrastructure as well to ensure efficient operation of solar panels, propelling the development of the industry.
“Amongst application, industrial & utility is expected to witness a prominent CAGR during the forecast period”
Based on application, the solar panel cleaning market is classified into residential, commercial, and industrial & utility. The industrial & utility segment caters to a considerable share of the solar panel cleaning market and is expected to witness significant growth during the forecasted period. Moreover, the industrial sector is also growing at a significant rate and is expected to witness soaring growth in the forecasted period as well. It is mainly owing to the factors such as government across the emerging economies has encouraged the production of energy from Solar Panel Cleaning which reduces the carbon emission and waste from different areas like forests and agriculture.
“APAC to witness significant growth during the forecast period”
APAC solar panel cleaning market is expected to witness a prominent CAGR during the forecast period. The growth of this market can be attributed to the growing industrialization, urbanization, and population in the region. Economic growth is rising power demand in the region which results in more electricity supplies and the Paris act and other environmental policies lead to increasing investments in renewable power and infrastructure, which is further contributing to the solar panel cleaning market. Additionally, the declining price of solar panels is also increasing investments in the field. According to IRENA, the number of solar PVs in Asia was 280 in 2018 which is expected to grow to 1,860 in 2030 and 4,837 in 2050. The highest number of Solar PVs are expected to be installed in Asia in the upcoming years which in turn is propelling the growth of the Asia-Pacific solar panel cleaning market across the region.
Also, government subsidies and supporting government policies regarding clean energy are driving the market to grow in the region. Moreover, with the increasing population in the region requirement for clean fuel power generation along with people adopting solar panels in their residences would help the region to maintain its position during the forecast period.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
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Research Methodology
Research Methodology for the Solar Panel Cleaning Market Analysis (2022-2028)
Analyzing the historical market, estimation of the current market, and forecasting the future market of the global solar panel cleaning market were the three major steps undertaken to create and analyze the adoption of solar panel cleaning in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global solar panel cleaning market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:
Seek More Details About Research Methodology
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the solar panel cleaning market through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the solar panel cleaning market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as technology, process, and application. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the solar panel cleaning market. Further, we conducted factor analysis using dependent and independent variables such as various technology, process, and application of solar panel cleaning. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, merger and acquisition, business expansion, and product launches in the solar panel cleaning market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global solar panel cleaning market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach was applied to arrive at the market forecast about 2027 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of solar panel cleaning market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global solar panel cleaning market in terms of solutions offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the global solar panel cleaning market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of offering and technique in the global solar panel cleaning market.
The main objective of the Global Solar Panel Cleaning Market Study
The current & future market trends of the global solar panel cleaning market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends were determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the solar panel cleaning market in terms of Value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of technology, process, and application.
- Define and analysis of the regulatory framework for the solar panel cleaning market industry.
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the solar panel cleaning market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and Rest of the World.
- Company profiles of the solar panel cleaning market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry