United States Photovoltaics Modules Market Shares, Analysis and Driving Factors Forecast To 2025

The United States photovoltaics Modules Market witnessed a growth during the assessment years. Solar PV manufacturing is rapidly growing as a global industry particularly dominated by a smaller number of producers. Cell manufacturers normally have proprietary designs seeking to convert sunlight into electricity at a lower cost per kilowatt an hour.

Driving factors to the United Stated photovoltaics modules market includes rise in tax credits, environmental concerns, research and development programs to encourage the solar manufacturing sector and state-level directives encompassing specified percentages of electricity from renewable sources. Other factors such as technological advances, dramatically lower prices for PV modules and enhanced production methods.

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Photovoltaic manufacturers in United States still rely on extensive supply chain for components such as glass, wires, wafers and racks whereas merger and acquisitions for production of components from wafers to modules is a preferred common scenario. The manufacturing process for photovoltaic modules is sophisticated and does not require any complex machinery of thousand parts. PV systems have no moving parts at all and possess a long service lifetime ranging from 10-30 years with some performance degradation over the time.

The module manufacturing is a sub-component of solar panel which involves modules weighing 34-62lbs are usually created by installing 50-70 cells on a plastic backing under a frame, mainly made of aluminum. The module encompasses special solar glass that protects the unit against the elements and augments the efficiency of unit that transforms sunlight into power. Manufacturing of solar glass incurs a heavy capital expense and hence glass producers prefer setting up within the proximity of manufacturing of modules.

Geographical segmentation for United States photovoltaics modules industry spans The West, The Southwest, The Middle Atlantic and New England. The key players in the United States photovoltaics modules market include Ashai, Saint Gobain, Guardian and NSG Group.

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