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Global Solar blanket Market to reach USD 237.90 million by the end of 2029

Global Solar blanket Market Size study & Forecast, 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) and Regional Analysis, 2022-2029

Product Code: EPRE-16483041
Publish Date: 20-03-2023
Page: 200

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 player 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
By Product Type
Round Solar Blankets
Oval Solar Blankets
Rectangle Solar Blankets
By Application:
By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

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 Increasing focus on eco-friendly products Increasing demand for renewable energy
3.1.2. Market Challenges Lack of awareness
3.1.3. Market Opportunities Technological advancements 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 Type breakdown estimates & forecasts, 2019-2029 Product Type breakdown estimates & forecasts, 2019-2029 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. Key Information Overview Financial (Subject to Data Availability) Product Summary 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

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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