Crystalline Solar Collector Market in US on the Rise with Increasing Preference for Solar Energy

 

Crystalline Solar Collector Market

Crystalline solar collector are used capture solar radiations. The collector absorbs heat from sunlight, which makes it ideal for manufacturing of photovoltaic (PV) cells. These solar collector panels are made from crystalline silicon. With depleting fossil fuel and increasing preference for clean energy, significant growth of the crystalline solar collector market is evident in the foreseeable future.

In the U.S, the preference of solar energy in on the rise. In June 2019, a survey of CITE Research on behalf of Vivint Solar reported that 70% adults in the U.S. support a nationwide mandate requiring solar panels to be installed on all newly built homes. Such scenario is expected to aid in growth of the crystalline solar collector market in North America.

Monocrystalline and polycrystalline are two types of crystalline solar collector, which are used in manufacturing photovoltaic cells. According to the U.S. Energy Information Administration, U.S. shipments of solar photovoltaic modules, or solar panels, rose to 16.4 million kilowatts in 2019 and exceeded the previous record by 2.9 million kilowatts set in 2016. Increasing shipments of solar photovoltaic modules is thus a positive sign for growth of the crystalline solar collector market.  

Crystalline solar collector are made from crystalline silicon. The other materials that can be used in manufacturing collector include cadmium telluride and copper indium gallium sulfide. Abundance of silicon all around the world and the safe nature of the element is expected to offer lucrative growth opportunities for players in the crystalline solar collector market.    

The demand for solar photovoltaic modules is high in various countries, which is expected to further augment growth of the crystalline solar collector market. For instance, according to the U.S. Energy Information Administration, U.S. shipments of solar photovoltaic modules, or solar panels, rose to 16.4 million kilowatts in 2019 and exceeded the previous record by 2.9 million kilowatts set in 2016.

Emerging economies are witnessing increase in the number of solar power plants. In June 2019, Sharp Energy Solutions Corporation, in partnership with Sermsang Power Corporation and Tenuun Gerel Construction LLC, announced the completion of a mega solar power plant in Khushight Khundii, Sergelen district, Tuv province, Mongolia; and Quang Ngai Province, Vietnam. Asia Pacific is thus witnessing significant growth in the crystalline solar collector market.  

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