Frameless Solar Panel Market Size, Share, Growth Analysis, By Product(Monocrystalline, Polycrystalline, Thin-Film Panels, Others), By Application(Residential, Commercial), By Region - Industry Forecast 2024-2031

Frameless Solar Panel Market was valued at USD XX billion in 2019, and it is expected to reach a value of USD XX billion by 2031, at a CAGR of more than XX% over the forecast period (2024-2031).

Frameless Solar Panel Market is relatively fragmented. Also, many companies all over the world are adopting different strategies to mark their presence and make their products visible in the solar industry. Some of the most notable developments in the frameless solar panels market 'Canadian Solar Inc. (Canada)', 'Trina Solar (China)', 'Lumos Solar (US)', 'SolarWorld (Germany)', 'Adani Solar (India)', 'Prism Solar Technologies (US)', 'Jinko Solar (China)', 'Sunpreme (US)', 'dpSun Limited (UK)', 'Avancis GmbH (Germany)'

The main factor that is driving the market for frameless solar panels is the growing emphasis on enhancing aesthetic appeal while maintaining high energy efficiency. As the demand for solar-powered electricity grows globally, several businesses are developing the newest, most modern solar modules with an emphasis on the solar panel's efficiency, cost, and design. The high installation cost is the aspect that is anticipated to limit market expansion. The frameless solar panel is available in a variety of styles and can be used for varied requirements. The cost of solar panels has decreased significantly on a scale over time, and this trend will continue during the expected time frame.

The cost of solar panels has decreased significantly on a scale over time, and this trend will continue during the anticipated time frame.

Europe and North America presently account for the majority of the market for frameless solar panels and are likely to continue to do so over the forecast period, due to planned investments in the renewable energy industry. The solar industry will witness substantial growth by 2024, according to an estimate by the US-based Solar Energy Industries Association (SEIA). The research will make account of the fact that more Americans are using solar electricity thanks to growing industry investment. For instance, according to SEIA projections, the number of solar installations will rise from the current 2 million to 4 million in 2023, a 100% increase in less than 4 years. This will cause the market for frameless solar panels to grow significantly.