Dublin, April 18, 2023 (GLOBE NEWSWIRE) -- Maximize Market Research, an international business & consultancy firm has recently published a research report on the “Solar Blanket Market”. The total global market size for the “Solar Blanket Market” was valued at USD 142.4 Mn in 2022 and is expected to grow at a CAGR of 7.55 percent over the forecast period to reach USD 237.05 Mn by 2029.
| Market Size in 2022 | USD 142.4 Mn |
| Market Size in 2029 | USD 237.05 Mn |
| CAGR | 7.55 percent (2023-2029) |
| Forecast Period | 2023-2029 |
| Base Year | 2022 |
| Number of Pages | 265 |
| No. of Tables | 129 |
| No. of Charts and Figures | 121 |
| Segment Covered | By Product, Type, Application and Region |
| Regional Scope | North America, Europe, Asia Pacific, Middle East and Africa, South America |
| Report Coverage | Market Share, Size & Forecast by Revenue | 2023−2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis. |
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Solar Blanket Market Report Scope and Research Methodology
The report on Solar Blanket Market provides the major opportunities, CAGR and annual growth rate and estimates the Solar Blanket Market in terms of USD value from 2022 to 2029. The report provides a Global market segmentation analysis including by product, type, application and region. The report provides an analysis of the international and domestic markets, including landscape analysis, trade, and key regions of development. Porter's five forces analysis was used in the Solar Blanket Market to provide information on the market power of both buyers and suppliers. The market is segmented into major regions that include North America, Europe, Asia Pacific, The Middle East and Africa, South America. The report also covers a strategic development and analysis micro Solar Blanket Market with respect to individual growth trends and prospects as well as evaluating and profiling the key Solar Blanket Market players. The swot analysis was used to study the Solar Blanket industry’s strengths, weaknesses, opportunities and threats.
Solar Blanket Market Overview
Solar blankets are known as folding solar panels which are a type of pool cover designed to help retain heat and reduce evaporation in outdoor swimming pools. These have lightweight, UV- resistant and sunlight passes through them and generated heat by trapping sunlight rays.
Rising awareness of renewable energy and inclination towards sustainable energy sources to fuel the market growth
Solar blankets have a wide range of applications in commercial, industrial, automotive, aerospace and others. The growing use of solar blankets in the industry and building sector for power-low electronic devices is the main responsible factor for the Solar Blanket Market growth. The growth of population and industrialization as well as an increase in manufacturing plants are expected to boost the market growth during the forecast period.
The Solar Blanket Market trend to boost the market across the world. However, the presence of alternatives such as conventional solar panels are expected to hamper the growth of the market. Similarly, the risk of utilization of solar blankets in military operations and the presence of conventional battery packs to power devices also restrain the Solar Blanket Market.
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In North America, increasing investment of government in the green military to drive Solar Blanket Market growth.
North America accounted for the largest Solar Blanket Market share in terms of revenue, in 2022 and is expected to grow at a significant CAGR over the forecast period. A huge investment from the government in the green military has benefited the global market growth. The Solar Blanket Market growth is driven by supportive government policies, the presence of major manufacturers and an increase in the adoption of solar energy in the region.
Solar Blanket Market Segmentation
By Product:
• Amorphous Silicon
• Cadmium Telluride
• Copper Indium Gallium Selenide
• Others
Based on the Product, the copper indium gallium selenide Solar Blanket segment to dominate the market over the forecast period
In 2022, the copper indium gallium selenide segment held the largest Solar Blanket Market share and is expected to maintain its position in the market. These solar cells are most used in dollar blankets due to their lightweight and flexible functions. The global demand for renewable energy sources to boost the copper indium gallium selenide Solar Blanket segment in the market over the forecast period.
By Type:
• Round Solar Blankets
• Oval Solar Blankets
• Rectangle Solar Blankets
Based on the Type, the Rectangle Solar Blanket segment to dominate the market during the forecast period
The rectangle segment is expected to grow at a significant CAGR during the forecast period. In 2022 this segment dominated the global market share. These solar blankets have the potential to influence market growth. It is easy to use and easily transported in a remote area.
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By Application:
• Industrial
• Residential
• Aerospace
• Automotive
• Others
Based on the Application, the Industrial Solar Blanket segment to dominate the market over the forecast period
The industrial category held the largest market share in 2022 and is expected to grow at the highest CAGR during the forecast period. The segment growth is driven by the increasing demand for renewable energy technologies, the need for cost-effective solutions in a remote location and awareness regarding the environmental benefit of solar energy. Such factors are expected to propel market growth.
Solar Blanket Key Players include:
• Alta Devices
• Flisom
• FWAVE Company Limited
• SunPower Corporation
• Leslie's Inc.
• Sunflare
• Sungold
• Enecom
• PowerFilm Solar Inc.
• Flagsun
• PowerFilm Solar
• SunPower Corporation
• Renogy
• Anker Technology Co. Ltd.
• Goal Zero
• ECO-WORTHY
• Voltaic Systems
• Allpowers Industrial International Ltd.
• Suaoki
• RavPower
Key questions answered in the Solar Blanket Market are:
- What is Solar Blanket?
- What was the Solar Blanket Market size in 2022?
- What is the expected Solar Blanket Market size by 2029?
- What is the growth rate of the Solar Blanket Market?
- What are the key benefits of the Solar Blanket Market?
- What are the new trends in Solar Blanket?
- Which segment dominated the Solar Blanket Market growth?
- What is the demand pattern for the Solar Blanket Market?
- What are the driving, opportunity and restraining factors in the global Solar Blanket Market?
- Which are the factors expected to drive the Solar Blanket Market growth?
- Which factors are expected to restrain the Solar Blanket Market growth?
- Which region held the largest share of the Solar Blanket Market?
- Who are the key players in the Solar Blanket Market?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by Product, Type, Application and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
Maximize Market Research is a leading Consumer Goods & Services research firm that has also published the following reports:
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Plush Blanket Market: The total market size was valued at USD 441.92 Mn in 2022 and the total revenue is expected to grow at a CAGR of 6.1 percent from 2023 to 2029, reaching USD 668.8 Mn. The increasing rising popularity of plush blankets is expected to drive market growth.
Electric Blankets Market: The total market size was valued at USD 398.39 Mn in 2021 and the total revenue is expected to grow at a CAGR of 6.67 percent from 2022 to 2029, reaching USD 667.80 Mn. Increasing investment in research and development is expected to drive market growth.
Solar Shingles Market: The total market size was valued at USD 344.02 Mn in 2022 and the total revenue is expected to grow at a CAGR of 5.46 percent from 2022 to 2029, reaching USD 499.18 Mn. The increasing demand for clean energy and government initiatives are expected to drive market growth.
Solar Lights Market: The total market size was valued at USD 8.8 Bn in 2021 and the total revenue is expected to grow at a CAGR of 10.9 percent from 2022 to 2029, reaching USD 18.16 Bn. The increasing efficiency of solar devices decreased the cost of LED and technological advancements. are expected to drive market growth.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic Industries, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified Type estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
