According to the report published by Allied Market Research, the global solar panel cleaning market generated $0.6 billion in 2021, and is projected to reach $1.1 billion by 2031, growing at a CAGR of 6.8% from 2022 to 2031. The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chains, key investment pockets, drivers & opportunities, competitive landscapes, and regional landscapes. The report is a useful source of information for new entrants, shareholders, frontrunners, and shareholders in introducing necessary strategies for the future and taking essential steps to significantly strengthen and heighten their position in the market.
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COVID-19 Scenario:
- The outbreak of the COVID-19 pandemic had a negative impact on the growth of the global solar panel cleaning market, owing to the supply chain disruption and lack of availability of raw materials.
- Manufacturing units were closed during the lockdown and this negatively hindered the expansion of the global market.
- Disruption in transportation and logistics, owing to strict government laws led to the slowing down of the delivery of solar panel cleaning equipment, thereby restricting the expansion of the global market.
- Surging shipping costs and an increase in fuel prices during the COVID-19 pandemic further hampered the global market growth.
The report offers a detailed segmentation of the global solar panel cleaning market based on technology, process, application, mode of operation, and region. The report provides a comprehensive analysis of every segment and their respective sub-segment with the help of graphical and tabular representation. This analysis can essentially help market players, investors, and new entrants in determining and devising strategies based on the fastest-growing segments and highest revenue generation that is mentioned in the report.
In terms of technology, the wet cleaning segment held the major market share in 2021, capturing nearly three-fourths of the global solar panel cleaning market share, and is expected to maintain its leadership status during the forecast period. The same segment, on the other hand, is expected to cite the fastest CAGR of 7.1% during the forecast period. The report also includes other segments such as dry cleaning.
Based on process, the semi-automated segment held the largest market share in 2021, holding nearly two-fifths of the global solar panel cleaning market share, and is expected to maintain its leadership status during the forecast period. The same segment, on the other hand, is expected to cite the highest CAGR of 7.1% during the forecast period. The report also includes other segments such as water brushes, electrostatic, automated robotic, and others.
On basis of application, the industrial and utility segment held the major market share in 2021, grabbing more than two-fifths of the global solar panel cleaning market share, and is expected to maintain its leadership status during the forecast period. The same segment, on the other hand, is expected to cite the fastest CAGR of 7.0% during the forecast period. The report also includes the residential and commercial segments.
Based on region, the market across the Asia-Pacific region held the major market share in 2021, accounting for more than two-fifths of the global solar panel cleaning market share, and is expected to maintain its leadership status during the forecast period. In addition, the same region is expected to cite the fastest CAGR of 7.2% during the forecast period. The report also analyses other regions such as Europe, North America, and LAMEA.
The key players analyzed in the global solar panel cleaning market report include AX System, Clean Solar Solutions Ltd, Ecoppia Scientific, Ecovacs Robotics, Enel Green Power S.p.A, HELIOTEX, LLC, IP Cleaning Srl, Indisolar Products Private Limited, Pacific Panel Cleaners, LLC., Premier Solar Cleaning, LLC, SCM Solar Energy Private Limited, Sharp Corporation, Serbot AG, and Compagnie de Saint-Gobain S.A.
The report analyzes these key players in the global solar panel cleaning market. These market players have made effective use of strategies such as joint ventures, collaborations, expansion, new product launches, partnerships, and others to maximize their foothold and prowess in the industry. The report helps in analyzing recent developments, product portfolios, business performance, and operating segments by prominent players in the market.
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SOURCE: GlobeNewswire
