Dublin, Oct. 05, 2022 (GLOBE NEWSWIRE) -- The "Global Solar Paint Market, By Technology, By End User, By Application, By Region, Competition Forecast and Opportunities, 2017-2027" report has been added to ResearchAndMarkets.com's offering.
The global solar paint market is expected to grow at a significant rate during the forecast period. The market growth can be attributed to the surging demand for renewable energy due to enhanced eco-consciousness and growing initiatives by the government to cut down carbon footprint with the use of sustainable energy sources. Solar paints are composed by mixing photovoltaic particles in the paint and applied on the walls, doors, frames, etc. to convert solar energy into electricity.
Although solar paint is still in the experimental stage, market players are developing different type of solar paints such as Quantum dots, Perovskite solar paint, and hydrogen-producing solar paint, which is expected to increase their adoption in the coming years. Besides, advancements in the renewable energy products for better productivity and maximizing energy outputs are also fueling the growth of the global solar paint market.
Researchers are increasingly working to improve the efficiency of solar paints and make them affordable and cost-effective to promote their application in the global solar paint market, which is expected to drive the growth of the global solar paint market in the coming years.
Surging demand for alternative forms of energy owing depleting natural energy resources like fossil fuels and growing renewable energy production worldwide are also propelling the global solar paint market growth. Moreover, advancements in the renewable energy generation and increasing need to make solar energy generation affordable are substantiating the growth of the global solar paint market in the forecast period.
The global solar paint market is segmented on the basis of technology, end user, application, regional distribution, and competitive Landscape. Based on end user, the market is sub-divided into solar paint to existing solar setups, solar painted vehicles, and standalone power-generating solar setup. The solar paint to existing solar setups segment is expected to hold the largest share in the global solar paint market owing to factors like ease of application. Besides, the application of solar paints on the existing solar setups would cost less and enhance their efficiency to produce electricity.
Tel Aviv-based Solar Paint Ltd., Transfer Electric GmbH, Solar Energy Corporation, Onyx Solar are enlisted in a partial list of major market players of the global solar paint market, etc.
Years Considered for This Report:
- Historical Years: 2017-2020
- Base Year: 2021
- Estimated Year: 2022E
- Forecast Period: 2023F-2027F
Objective of the Study:
- To analyze the historical growth in the market size of global solar paint market from 2017 to 2021
- To estimate and forecast the market size of global solar paint market from 2022E to 2027F and growth rate until 2027F
- To classify and forecast global solar paint market based on technology, end user, application, region, and competitive Landscape
- To identify dominant region or segment in the global solar paint market
- To identify drivers and challenges for global solar paint market
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc, in global solar paint market
- To identify and analyze the profile of leading players operating in global solar paint market
- To identify key sustainable strategies adopted by market players in global solar paint market
Key Topics Covered:
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Impact of COVID-19 on Global Solar Paint Market
5. Voice of Customer
5.1. Brand Awareness
5.2. Brand Recall
5.3. Factors Considered while Selecting a Supplier
5.4. Major Challenges/Unmet Needs
6. Global Solar Paint Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Technology (Solar Paint Hydrogen, Quantum Dot (Photovoltaic Paint), Perovskite Solar Paint)
6.2.2. By End User (Solar Paint to Existing Solar Setups, Solar Painted Vehicles, Standalone Power-Generating Solar Setup)
6.2.3. By Application (Rooftop, Wall, Door, Window)
6.2.4. By Region
6.2.5. By Company
6.3. Product Market Map
7. North America Solar Paint Market Outlook
8. Asia-Pacific Solar Paint Market Outlook
9. Europe Solar Paint Market Outlook
10. South America Solar Paint Market Outlook
11. Middle East & Africa Solar Paint Market Outlook
12. Market Dynamics
12.1. Drivers
12.2. Challenges
13. Market Trends & Developments
14. Company Profiles
14.1. Tel Aviv-based SolarPaint Ltd.
14.2. Transfer Electric GmbH
14.3. Solar Energy Corporation
14.4. Onyx Solar
15. Strategic Recommendations
For more information about this report visit https://www.researchandmarkets.com/r/98hfwb
