About How is the photovoltaic panel OEM business going
An OEM strategy can help solar panel companies respond to demand, focus on innovation and improve service. Here's Panasonic's perspective on the switch.
An OEM strategy can help solar panel companies respond to demand, focus on innovation and improve service. Here's Panasonic's perspective on the switch.
In 2021, Panasonic made a big decision — to contract its solar panel production to original equipment manufacturers (OEMs). Two years later, the decision has allowed Panasonic to become an even better partner for installers and customers. What was the switch?.
Meeting international energy and climate goals requires the global deployment of solar PV to grow on an unprecedented scale. This in turn demands a major additional expansion in manufacturing capacity, raising concerns about the world’s ability to rapidly develop resilient supply chains.
Consumers and its network of installation dealers can still depend on Panasonic for solar panels, batteries and other energy management products — the only difference is that the company is using an original equipment manufacturer (OEM) to make its products now.
As it stands today, U.S. solar panel manufacturing consists only of module assembly in the crystalline silicon space, but the promised credits could rebuild the domestic chain and bring silicon ingot, wafer and cell manufacturing back home.
As the photovoltaic (PV) industry continues to evolve, advancements in How is the photovoltaic panel OEM business going have become critical to optimizing the utilization of renewable energy sources. From innovative battery technologies to intelligent energy management systems, these solutions are transforming the way we store and distribute solar-generated electricity.
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6 FAQs about [How is the photovoltaic panel OEM business going ]
What is an OEM solar panel?
What is OEM? An OEM is essentially a manufacturer that specializes in making specific products on behalf of brands. In the case of solar module companies, primary manufacturers are outsourcing the production of their solar panels to OEMs.
Does Panasonic sell solar panels to original equipment manufacturers (OEMs)?
Photo courtesy of Western Solar - Bellingham, WA In 2021, Panasonic made a big decision — to contract its solar panel production to original equipment manufacturers (OEMs). Two years later, the decision has allowed Panasonic to become an even better partner for installers and customers.
Why should you choose OEM solar panels?
Most notably, it can enable manufacturers to reduce their own costs as the OEM solar module manufacturers benefit from economies of scale in operating its factories, purchasing materials and hiring labor. That allows the solar panel companies to keep costs to homeowners affordable, while still maintaining a high quality.
Should solar modules be outsourced to OEMs?
In the case of solar module companies, primary manufacturers are outsourcing the production of their solar panels to OEMs. The manufacturer still brands the product as its own, and ideally, monitors the manufacturing process to ensure the OEM maintains the level of quality that customers expect from the brand.
Does Panasonic still make solar panels?
Panasonic announced earlier this year that it would end production at its Malaysian and Japanese factories by March 2022, instead shifting its solar panel manufacturing to a subcontracted partner. Solar Power World spoke exclusively with Mukesh Sethi, director of solar and energy solutions at Panasonic, about this business pivot.
How big is the solar photovoltaic (PV) market?
The market is expected to grow from USD 399.44 billion in 2024 to USD 2,517.99 billion by 2032 at a CAGR of 25.88% over the forecast period (2024-2032). Asia pacific dominated the solar photovoltaic (PV) market with a market share of 49.16% in 2023. Solar energy is used to convert sunlight into electricity by using photovoltaic effect technology.