Global Solar Panel Cleaning Chemicals Market Size (2023-2030)

In 2022, the Global Solar Panel Cleaning Chemicals Market was valued at $0.65 billion, and is projected to reach a market size of $1.1 billion by 2030. Over the forecast period of 2023-2030, market is projected to grow at a CAGR of 6.82%.

Market Overview:

The global solar panel cleaning market is anticipated to register a CAGR of around 6.82% over the period of 2023-2030. This is majorly due to the favorable and supporting government policies and increasing adoption of clean fuel/energy among the population. Furthermore, subsidies provided by the government and easy grants of loans along with decreasing cost of solar panels and storage batteries are the major market drivers driving the market growth.

COVID-19 Impact on the Global Solar Panel Cleaning Chemicals Market:

The COVID-19 outbreak began in Wuhan (China) in December 2019, and since then, it has stretched out around the globe at a very rapid pace. China, Italy, Iran, Spain, the Republic of Korea, France, Germany, and the US are among the worst-hit countries in terms of the number of positive cases and reported deaths. The global economic downturn caused by the COVID-19 pandemic critically impacted the Solar Panel Cleaning Chemicals Market. It has severely affected several economies and industries in various countries due to lockdowns and business shutdowns. This can be accredited to the rapid decline in the construction, automotive, and industrial sectors and to the strict lockdowns and social distancing norms to contain the spread of the virus. The economic uncertainty, partial lockdown, shutdowns of the business, and low consumer confidence affected the demand for solar panel technology. The supply chain got disrupted during the pandemic along with delayed logistics activities. However, the global market is estimated to regain its growth rate during the post-pandemic scenario due to the easing of travel and business restrictions across various economies.

Market Drivers:

Increasing demand for solar cell energy is augmenting the demand for solar panel cleaning chemicals in the market:

The increasing focus on energy security is likely to propel the demand for renewable energy resources. The limited reserves of fossil fuels and non-renewable resources have been used for producing energy for quite a long time. Now, the focus has been shifted and renewable energy sources are increasingly used as alternatives to traditional energy sources as they expand the energy mix and decrease the dependence on petroleum-based fuels. Solar energy greatly reduces the dependency on imported crude oil for those economies that have few or no petroleum reserves. Thereby, augmenting the demand for solar panel cleaning chemicals in the global market.
The increase in modern energy services installations worldwide is propelling the demand globally:

The surge in economic growth and energy security is accelerating global market growth. Also, an increase in the need for reducing poverty and improving the standard of life with the aid of modern energy services has assisted in the expansion of the global market size. Additionally, the increase in the number of installations of solar systems has further influenced the market. The increase in demand for solar panel cleaning chemicals because of the growing need to minimize the prices of solar cell modules fuels the growth of the market. Additionally, factors such as rapid urbanization, change in lifestyle, a surge in investments, and rising consumer spending have positively impacted the solar panel cleaning chemicals market.

The increasing awareness among people regarding the protection of solar panels is driving the global market:

The rapid increase in the automotive sector and growing sales of automobiles are augmenting the demand for these cleaning chemicals. They are used to prevent automobiles from the harmful UV rays of the sun protecting the vehicle. This awareness among people regarding protection of the solar panels due to them being high cost and also to increase efficiency is anticipated to fuel the market demand.

Rising investment in the R&D sector is predicted to create lucrative opportunities in the solar panel cleaning chemicals market: 

Increasing capital investments in research and development activities due to the increase in demand for solar panels in almost all sectors and the energy segment, due to the rising awareness among people and increasing sales in the industry are driving the market growth for these solar panel cleaning chemicals market globally.

Market Restraints: 

The surging price of solar panels may hamper the global market:

The ever-fluctuating prices of the raw material along with high investment needs in machines, instruments, technology, and research & development of solar panels are predicted to hamper the growth of the solar panel cleaning chemicals market during the forecast timeline. This research report on the Global Solar Panel Cleaning Chemicals Market has been segmented and sub-segmented based on Technology, Process, Applications, Mode of Process, Regions, and Key Companies.

SOLAR PANEL CLEANING CHEMICALS MARKET REPORT COVERAGE:

Segmentation Analysis

Solar Panel Cleaning Chemicals Market – By Technology

• Wet Cleaning

• Dry Cleaning

Based on the technology, the Solar Panel Cleaning Chemicals Market has been segmented into 2 segments – Wet Cleaning and Dry Cleaning. The wet cleaning segment holds the major market share in 2022, holding nearly three-fourths of the global solar panel cleaning market share and is anticipated to maintain its dominant status during the forecasted period and is predicted to cite the fastest CAGR of 7.1% during the forecasted timeline.

Solar Panel Cleaning Chemicals Market – By Process

• Semi-Automated

• Automated

• Water Brushes

• Electrostatic

• Automated Robotics

• Others

Based on the process, the Solar Panel Cleaning Chemicals Market has been segmented into 6 segments – Semi-Automated, Automated, Water Brushes, Electrostatic, Automated Robotics, and Others. The semi-automated segment holds the largest market share in 2022, capturing nearly two-fifths of the global solar panel cleaning market share, and is anticipated to maintain its leadership status during the forecast period as well. The same segment, on the other hand, is predicted to cite the highest CAGR of 7.1% during the outlook period.

Solar Panel Cleaning Chemicals Market – By Application

• Residential

• Commercial

• Industrial

• Utility

Based on the application, the Solar Panel Cleaning Chemicals Market has been segmented into 4 segments – Residential, Commercial, Industrial, and Utility. The industrial and utility segment holds the majority of the market share in 2022, holding more than two-fifths of the global solar panel cleaning market share, and is likely to maintain its leadership status during the outlook period. The same segment, on the other hand, is anticipated to cite the fastest CAGR of 7.0% during the forecast period.

Solar Panel Cleaning Chemicals Market – By Mode of Process

• Manual

• Autonomous

Based on the mode of process, the Solar Panel Cleaning Chemicals Market has been segmented into 2 segments – Manual and Autonomous.

Solar Panel Cleaning Chemicals Market – By Region.

• North America

• Europe

• Asia-Pacific

• South America

• Middle-East and Africa

Based on region, the Solar Panel Cleaning Chemicals Market has been segmented into 5 major regions – North America, Europe, Asia-Pacific, South America, Middle-East, and Africa. The Asia-Pacific market region holds the major market share in 2022, accounting for more than two-fifths of the global solar panel cleaning market share, and is anticipated to maintain its dominant status during the forecast period. In addition, the same region is anticipated to cite the fastest CAGR of 5.2% during the forecast period.

Solar Panel Cleaning Chemicals Market – By Companies.

1. AX System

2. Clean Solar Solutions Ltd

3. Ecoppia Scientific

4. Enel Green Power S.p.A

5. Ecovacs Robotics

6. IP Cleaning Srl

7. SCM Solar Energy Private Limited

8. HELIOTEX

9. Pacific Panel Cleaners

10. Premier Solar Cleaning

11. Indisolar Products Private Limited

12. Sharp Corporation

13. Serbot AG

14. Compagnie de Saint-Gobain S.A.

The Solar Panel Cleaning Chemicals Market is highly fragmented and extremely competitive with key players involved in R&D and constant technological innovation done by the vendors.