According to a new market research report published by Credence Research “Solar Panel Cleaning Systems Market (by Type: Water Based Cleaning System, Electrostatic Cleaning System and Robotic Cleaning System; by Mode of Operation: Manual and Autonomous) – Growth, Future Prospects, and Competitive Landscape, 2018-2026”, the solar panel cleaning systems market estimated to grow with a CAGR of 7.5% during the forecast period from 2018 to 2026.
Since 2018, the year of volatility for the global solar panel industry as well as the generation market, 2019 has already begun to show positive outlook. The global installed solar PV capacity is expected to reach 1 tn watts over the next 4 years. The solar market installed new 98.9 gigawatt power plants worldwide in 2017, adding to the 303 gigawatt capacity previously installed and accounting for more than 47% of the total energy produced from renewable energy sources.
The enormous growth of the solar PV industry is unavoidable and serves as a stimulus for the development of the other neighboring sector associated with it. The demand for solar panel cleaning systems is one such market, all of which are expected to experience a significant increase in market value and volume in the coming years.
The output of solar panels will decrease by 20% in domestic installations and by 60% in commercial installations. The number is quite growing, particularly for commercial installations, to be ignored. This stimulated the need for a reliable and cost-effective solar panel surface cleaning system. With a rapidly growing solar farm across the globe, the value of solar panel cleaning systems continues to grow. As a result, the demand for such cleaning systems is expected to draw a number of local and global players to enter the market and capitalize on this opportunity.
Some of the most basic types of cleaning systems include a water based cleaning system, an electrostatic cleaning system and a robotic cleaning system. The trend of using robots and drones is on the rise and is expected to grow to exceed the conventional manual cleaning system. With the spread of advanced robotics and artificial intelligence, autonomous solar panel cleaning systems are expected to sweep their competition down the lane in years to come.
The research analysis covers exhaustive analysis of leading solar panel cleaning systems manufacturing companies including Heliotex, LLC, Ecoppia, Ecovacs Robotics, Parish Maintenance Supply, Kärcher UK Ltd., BP Metalmeccanica s.r.l., Solar Cleaning Machinary (SCM), Indisolar Products Private Limited, AX System, Vip Clean s.r.l., IPC Eagle, INTEGRA GLOBAL CO., LTD., IDRIS Automation, Unger Germany GmbH, and Enel Green Power S.p.A. The existing solar panel cleaning systems market is characterized by several global as well as local players.
However, the monstrous growth in solar energy generation is all set to provide huge opportunity for the new entrants to claim their market share in coming years. The growth potential in the market and entry of new players is anticipated to keep existing players on their toes in terms of technological advancement and product efficiency in order to maintain their market position in coming years.