Global Industry Trends

The requirement for energy, which doesn’t release harmful gases, including carbon dioxide and carbon monoxide, during generation, is rising. Though numerous sources are utilized to produce renewable electricity, solar power is the most popular due to its low levelized cost of energy (LCoE). REN21 says that over 26% of the total electricity in 2018 was produced by solar farms. To increase the efficiency of photovoltaic (PV) panels, so that the cost of solar power can be reduced further, research and development (R&D) is being carried out. Due to such efforts, the global market for ultra-thin solar cells , which generated $30.0 million in 2019, is expected to advance at a 56.9% CAGR between 2020 and 2030 (forecast period). Cadmium Telluride (CdTe) Is Preferred Technology in Market The cadmium telluride (CdTe) classification holds the largest share in the ultra-thin solar cells market, as, compared to the conventional PV cells made from crystalline silicon (c-Si), it is the only cost-...

The U.A.E. is one of the biggest tourist destinations in the world on account of its lavish lifestyle, sleek infrastructure, thrilling amusement parks, immersive Arabic culture, and intriguing ethnic history. As a result, the travel & tourism sector contributed 5.2% to the country’s gross domestic product (GDP) in 2016, a share that the government wants to increase further. Therefore, the resulting construction of infrastructure in this sector will likely drive the U.A.E. mechanical, electrical, and plumbing services market from $3,025.9 million in 2020 to $12,946.9 million in 2030 , at a 15.7% CAGR between 2021 and 2030. The COVID-19 pandemic has negatively impacted the U.A.E. MEP services market on account of the lockdown measures, which have led to a complete halt in construction activities. Additionally, the manufacturing plant shutdowns around the world have reduced the supply of MEP components and systems. Moreover, as most of the hotels and other commercial facilities suspen...

With the fall in the prices of micro inverters and the implementation of government initiatives, the demand for photovoltaic (PV) installations is growing rapidly across the globe. This is because of their excellent cost-effectiveness, safety features, and optimal performance. The rising deployment of PV installations is pushing up the sales of micro inverters across the globe.  Solar micro inverters have numerous PV installations in residential establishments, on account of their high affordability and optimal performance. The usage of micro inverters is rising sharply in the developing countries such as those in the Asia-Pacific, on account of the soaring requirement for power supply and the surging fuel prices. Besides these factors, the superior characteristics of the micro inverters over the conventionally used systems are also fueling the sales of solar micro inverters across the world.  This is, in turn, driving the advancement of the global solar micro inverters market...

A dye-sensitized solar cell refers to a low-cost thin-film solar cell, comprising of a dye, an electrolyte, and electrodes (anode and cathode). This cell can generate power through incident light and improve aesthetics of installation surfaces and buildings. Moreover, characteristics of dye-sensitized solar cells like high durability, flexibility, high performance-to-weight ratio, ease of fabrication process, and low susceptibility to alteration in performance with weather abnormalities are projected to amplify the deployment of these cells in photovoltaic (PV) modules, in the future. Dye-sensitized solar cells can play a vital role in boosting the demand for solar energy, as these are used to cover facades, ceilings, and rooftops. These factors will assist the dye-sensitized solar cells market to rise from $28,451.4 thousand in 2017 to $60,589.4 thousand by 2023 , at 13.2% CAGR during forecast period. In recent years, governments across the world have introduced several policies to pr...