Global Solar blanket Market is valued at approximately USD 132.4 million in 2021 and is anticipated to grow with a healthy growth rate of more than 7.6% over the forecast period 2022-2029. Solar blankets are referred to as foldable solar covers. Solar blankets provide portable power facilities to their users, using the sun as a source. A solar blanket or solar cover is a plastic sheet that absorbs sunlight to maintain water temperature. Solar blankets allow the water surface to resist direct heat by creating a barrier on the surface and minimizing water evaporation. Solar blankets are used for maintaining the temperature of the water by absorbing a lot of direct sunlight. To work effectively, solar blankets require direct sunlight. Increasing focus on eco-friendly products, increasing demand for renewable energy, Government initiatives, technological advancements in the electronics sector, and the Low cost of Solar blankets are the factors driving the growth of the market.
According to the IEA Organization, in 2020, the use of renewable energy increased by 3%. The percentage of renewable energy in the world's electricity generation increased from 27% in 2019 to 29% in 2020. The increasing use of renewable energy is increasing its demand which further drives the growth of the Solar blanket Market. Additionally, people prefer eco-friendly products nowadays, as there is a rise in the awareness of a sustainable environment. For Instance, according to Nils-Gerrit Wunsch (research expert), in 2021, about 27% of respondents in the U.S. confirmed that they use environmentally friendly products for the conservation of the earth or its environment. Increasing focus on eco-friendly products and a surge in their demand drive the market growth. Furthermore, government initiatives, and technological advancements in the electronics industry, are other factors contributing to the growth of the market. Technological advancements and the Low cost of Solar blankets are the factors creating major market opportunities in the forecast period. However, the lack of awareness of solar blankets stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Solar blanket Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the rise in the utilization of renewable energy and the region's increasing investments in the development of solar energy Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to the large population and rise in commercial and residential building projects, and increasing government initiatives in the region.
Major market players included in this report are:
- Alta Devices, Inc.
- Enecon Solar Power Limited
- Flisom AG
- F Wave RoofingSunPower Corporation
- PowerFilm Solar Inc.
- Sunflare Solar Private Limited
- Sungold Capital Limited
- Flagsun Global Private Limited
- Leslie's Inc.
Recent Developments in the Market:
- In April 2019, Alta Devices offered adaptable, removable power that could be included in any other substance. AnyLight Solar, a new solar solution from Alta Devices, is intended to specifically address the requirements of UAS that can act as platforms for cellular and IoT connectivity.
Global Solar blanket Market Report Scope:
- Historical Data 2019-2020-2021
- Base Year for Estimation 2021
- Forecast period 2022-2029
- Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered Type, Product Type, Application, Region
- Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
- Customization Scope Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
- Amorphous Silicon
- Cadmium Telluride
- Copper Indium Gallium Selenide
- Others
By Product Type
- Round Solar Blankets
- Oval Solar Blankets
- Rectangle Solar Blankets
By Application:
- Industrial
- Residential
- Aerospace
- Automotive
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of the World
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Million)
- 1.2.1. Solar Blanket Market, by Region, 2019-2029 (USD Million)
- 1.2.2. Solar Blanket Market, by Type, 2019-2029 (USD Million)
- 1.2.3. Solar Blanket Market, by Product Type, 2019-2029 (USD Million)
- 1.2.4. Solar Blanket Market, by Application, 2019-2029 (USD Million)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Solar Blanket Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Solar Blanket Market Dynamics
- 3.1. Solar Blanket Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing focus on eco-friendly products
- 3.1.1.2. Increasing demand for renewable energy
- 3.1.2. Market Challenges
- 3.1.2.1. Lack of awareness
- 3.1.3. Market Opportunities
- 3.1.3.1. Technological advancements
- 3.1.3.2. Low cost of solar blanket
Chapter 4. Global Solar Blanket Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Investment Adoption Model
- 4.5. Analyst Recommendation & Conclusion
- 4.6. Top investment opportunity
- 4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Solar Blanket Market, by Type
- 6.1. Market Snapshot
- 6.2. Global Solar Blanket Market by Type, Performance - Potential Analysis
- 6.3. Global Solar Blanket Market Estimates & Forecasts by Type 2019-2029 (USD Million)
- 6.4. Solar Blanket Market, Sub Segment Analysis
- 6.4.1. Amorphous Silicon
- 6.4.2. Cadmium Telluride
- 6.4.3. Copper Indium Gallium Selenide
- 6.4.4. Others
Chapter 7. Global Solar Blanket Market, by Product Type
- 7.1. Market Snapshot
- 7.2. Global Solar Blanket Market by Product Type, Performance - Potential Analysis
- 7.3. Global Solar Blanket Market Estimates & Forecasts by Product Type 2019-2029 (USD Million)
- 7.4. Solar Blanket Market, Sub Segment Analysis
- 7.4.1. Round Solar Blankets
- 7.4.2. Oval Solar Blankets
- 7.4.3. Rectangle Solar Blankets
Chapter 8. Global Solar Blanket Market, by Application
- 8.1. Market Snapshot
- 8.2. Global Solar Blanket Market by Application, Performance - Potential Analysis
- 8.3. Global Solar Blanket Market Estimates & Forecasts by Application 2019-2029 (USD Million)
- 8.4. Solar Blanket Market, Sub Segment Analysis
- 8.4.1. Industrial
- 8.4.2. Residential
- 8.4.3. Aerospace
- 8.4.4. Automotive
- 8.4.5. Others
Chapter 9. Global Solar Blanket Market, Regional Analysis
- 9.1. Solar Blanket Market, Regional Market Snapshot
- 9.2. North America Solar Blanket Market
- 9.2.1. U.S. Solar Blanket Market
- 9.2.1.1. Type breakdown estimates & forecasts, 2019-2029
- 9.2.1.2. Product Type breakdown estimates & forecasts, 2019-2029
- 9.2.1.3. Application breakdown estimates & forecasts, 2019-2029
- 9.2.2. Canada Solar Blanket Market
- 9.3. Europe Solar Blanket Market Snapshot
- 9.3.1. U.K. Solar Blanket Market
- 9.3.2. Germany Solar Blanket Market
- 9.3.3. France Solar Blanket Market
- 9.3.4. Spain Solar Blanket Market
- 9.3.5. Italy Solar Blanket Market
- 9.3.6. Rest of Europe Solar Blanket Market
- 9.4. Asia-Pacific Solar Blanket Market Snapshot
- 9.4.1. China Solar Blanket Market
- 9.4.2. India Solar Blanket Market
- 9.4.3. Japan Solar Blanket Market
- 9.4.4. Australia Solar Blanket Market
- 9.4.5. South Korea Solar Blanket Market
- 9.4.6. Rest of Asia Pacific Solar Blanket Market
- 9.5. Latin America Solar Blanket Market Snapshot
- 9.5.1. Brazil Solar Blanket Market
- 9.5.2. Mexico Solar Blanket Market
- 9.6. Rest of The World Solar Blanket Market
Chapter 10. Competitive Intelligence
- 10.1. Top Market Strategies
- 10.2. Company Profiles
- 10.2.1. Alta Devices, Inc.
- 10.2.1.1. Key Information
- 10.2.1.2. Overview
- 10.2.1.3. Financial (Subject to Data Availability)
- 10.2.1.4. Product Summary
- 10.2.1.5. Recent Developments
- 10.2.2. Enecon Solar Power Limited
- 10.2.3. Flisom AG
- 10.2.4. F Wave RoofingSunPower Corporation
- 10.2.5. PowerFilm Solar Inc.
- 10.2.6. Sunflare Solar Private Limited
- 10.2.7. Sungold Capital Limited
- 10.2.8. Flagsun Global Private Limited
- 10.2.9. Leslie's Inc.
- 10.2.10. Research Process
- 10.3. Research Process
- 10.3.1. Data Mining
- 10.3.2. Analysis
- 10.3.3. Market Estimation
- 10.3.4. Validation
- 10.3.5. Publishing
- 10.4. Research Attributes
- 10.5. Research Assumption