What are the Key Market Segments for Solar Panels?
The solar panel market is diverse and can be segmented into several key areas. Residential solar installations cater to homeowners looking to reduce energy bills and their carbon footprint. Commercial solar installations serve businesses aiming to lower operational costs and meet sustainability goals. Utility-scale solar farms provide energy to the grid, often supported by government contracts and long-term power purchase agreements. Emerging markets include portable solar solutions for remote areas and solar-powered products that integrate into everyday life.