Frameless Solar Panels Market, By Type (Monocrystalline Solar Panels, Polycrystalline Solar Panels, Thin-film Solar Panels), By Application (Residential, Commercial, Others) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis, And Forecast Till 2034

Report Code: PMI455520 | Publish Date: May 2024 | No. of Pages: 168

Frameless Solar Panels Market Overview

Frameless Solar Panels Market was valued at US$ 2.4 Billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 11.5% to reach US$ 6.5 Billion by 2034.

Frameless solar panels, also known as ‘glass-on-glass’ modules, are an aesthetically pleasing variant of the traditional solar panel. When installed, they appear to be “floating” as they do not require support frames to be erected. Solar cells are inserted between the two layers of glass, which makes the glass thick so as to provide structural support and strength. These panels and modules offer multiple advantages over traditional panels. For example, frameless solar panels are noticeably less expensive than regular panels. Moreover, they reduce transportation costs owing to their higher density in terms of packaging and less weight. Since these panels do not have any aluminum frames, there is little to no debris build-up which enhances their performance. However, their biggest advantage lies in their aesthetic appeal, a feature that has been criticized as being absent from conventional solar modules. Numerous installation methods and techniques have been developed to fit in frameless solar panels in different structures. For example, adhesive-based solutions have been devised to install these solar panels into ground-mounted and ballasted systems, such as in open fields or desert regions. Adhesives are a trustworthy option as they are heavily relied upon by the construction industry and can, thus, be confidently utilized for solar installations. In a similar manner, downward-sloping or “pitched” roofs can have solar panels installed using frameless clamps armed with rubber guards to protect the glass. This enables a traditional installation procedure whilst eschewing the need for frames. These innovations have made possible the installation of solar panels in unconventional settings and made the adoption of solar energy devices feasible.

COVID-19 Impact on the Market:

With the outbreak of the COVID-19, COVID-19 patients having severe pneumonia have been found to be suffering from internal bleeding, with an inhibited ability for blood coagulation. As a result, the demand for plasma-derived therapies such as PCC, which have proven efficacy in dealing with blood disorders, is rising at a rapid rate during the current crisis. Plasma therapies are already being administered to coronavirus patients around the world and are meeting with notable success. This has surged the uptake of plasma-derived medications, drugs, and therapies, which is expected to feed the growth of this market. However, the strict lockdown has limited the supplies. This report will quantify the impact of this pandemic on the frameless solar panels market.

Frameless Solar Panels Market Drivers & Restraints

Monocrystalline Panels

To establish a deeper understanding of the global frameless solar panels market, it will be useful to take a look at some of the segments in the market. To that end, market research firms have identified monocrystalline panels as the segment that holds the greatest business potential. Monocrystalline panels are made up of monocrystalline silicon and have the highest efficiency compared to other panels. This is mainly because of the purity of the silicon used in making these panels. They are also the most expensive variety due to their significantly higher output, long durability, and ergonomic designs.

Restraint:

Higher Cost

Despite benefits of frameless solar panels, cost still remains higher than the conventional modules. Although the solar panel are supposed to save energy and electricity and assumed to save money for longer term its installation takes a huge amount. This high cost restrains the market.

Installation Difficulties

These panels need specific kind of mounting structures to be installed for proper working, which is not very commonly found. Some of the company’s manufacturing frameless solar panels are Trina Solar, Canadian Solar, Solar world, Lumos etc. Lumos also manufactures the mounting structures to be used for these frameless panels. There is a notion in the market that the edges of these panels could be weak since they are not framed. However thick strong glass is used in manufacturing these panels. Generally thin film modules are frameless. Frameless panels still have some technological challenges to overcome.

Frameless Solar Panels Market Segmentations & Regional Insights

Frameless solar panels market based on type, application, and region.

Depending upon the type segment the global frameless solar panels market is divided into the Monocrystalline Solar Panels, Polycrystalline Solar Panels, Thin-film Solar Panels. Depending upon the Application the market is categorized into residential, commercial, others.

 Regional Insights:

Regionally, the overall industry is divided into North America, Europe, Asia Pacific, Latin America, And Middle East & Africa. Europe and North America dominates global frameless solar panels market due to planned investment I renewable sector and it is also expected to account for a large proportion of market in the forecast period as well. Asia Pacific on the other hand is expected to gain the largest market opportunity owing to increasing huge potential of planned solar projects in coming years.

Report scope:

Attribute

Details

The base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Billion & CAGR from 2024 – 2034

Market Segmentation

By Type - Monocrystalline Solar Panels, Polycrystalline Solar Panels, Thin-film Solar Panels

Application – Residential, Commercial, Others

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034.  For the purpose of this study, has segmented the frameless solar panels market report based on type, application, and region.

Frameless Solar Panels Market, By Type:

  • Monocrystalline Solar Panels

  • Polycrystalline Solar Panels
  • Thin-film Solar Panels

Frameless Solar Panels Market, By Application:

  • Residential

  • Commercial
  • Others

Frameless Solar Panels Market, By Region:

  • North America
    • Middle East & Africa
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East & Africa
    • Latin America
        • Brazil
        • Mexico
        • Rest of Latin America
    • Asia Pacific
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Europe
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
      • U.S.
      • Canada

Frameless Solar Panels Market Competitive Landscape & Key Players

The key players operating in the market include Canadian Solar Inc., Trina Solar, Lumos Solar, Solar World, Adani Solar, Prism Solar Technologies, Jinko Solar, Sunpreme, dpSun Limited, Avancis GmbH. For instance, In May 2019, China-based Trina Solar announced that its R&D labs had managed to developed the world’s most efficient bifacial solar cell, showcasing an energy-efficiency of 24.58%. The product is an n-type mono-crystalline silicon (c-Si) i-TOPCon (Industrial Tunnel Oxide Passivated Contact) solar cell. It has a rear full-area passivating contact with a boron emitter at the front. Further, in 2018, another China-based company, Seraphim Energy, signed an agreement with the Solar Centre of Guadalajara, Jalisco in Mexico which will give Seraphim rights to supply and distribute photovoltaic modules in the country. As per the terms of the contract, Seraphim will begin shipping dual-glass and high-efficiency glass modules to Solar Centre immediately. Together, the two companies will aim at increasing their market share in Mexico, with Seraphim also establishing itself in Latin America.

Frameless Solar Panels Market Company Profile

  • Canadian Solar Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Overview
    • Business Strategies
  • Trina Solar
  • Lumos Solar
  • SolarWorld
  • Adani Solar
  • Prism Solar Technologies
  • Jinko Solar
  • Sunpreme
  • dpSun Limited
  • Avancis GmbH

 “*” marked represents similar segmentation in other categories in the respective section

FAQs

The frameless solar panels market based on type, application, and region.

Plasma therapies are already being administered to coronavirus patients around the world and are meeting with notable success. This has surged the uptake of plasma-derived medications, drugs, and therapies, which is expected to feed the growth of this market.

Europe and North America dominates frameless solar panels market due to planned investment I renewable sector and it is also expected to account for a large proportion of market in the forecast period as well.

The key players operating in the market include Canadian Solar Inc., Trina Solar, Lumos Solar, Solar World, Adani Solar, Prism Solar Technologies, Jinko Solar, Sunpreme, dpSun Limited, Avancis GmbH.