The Solar
Cells Market trends are analyzed from recent past with an eye on coming
years in this report that also offers projections for Solar Cells industry
targeted at helping in business decisions.
Solar
cells market is all set to witness a spectacular growth over the years ahead
with the evolving demand for sustainable energy sources globally. The
increasing government initiatives to promote renewable energy resources coupled
with the concerns about negative environmental impact via the conventional
sources will propel the solar cells industry growth over the coming years.
According to Global Market Insights, Inc. “Global Solar Cells market size worth
USD 35 billion in 2015 is set to record an appreciable growth rate of 12% over
the period of 2016-2024.”
In addition to the aforementioned factors,
the increasing electricity demand is another vital driver for the solar cells
industry. Estimates suggest that nearly 1 billion global population are
deprived of reliable power supply resources, which is creating a huge growth ground
for the solar cells market. The government worldwide is also actively
participating to address the rising electricity demand. For instance,
Government of India has approved a budget of Rs. 50 billion under NSM (National
Solar Mission) for setting up Grid Connected Rooftop Systems (4.25 GW) in the
country. South Africa, which is a major region facing lack of reliable
electricity sources is set to register a CAGR of 12% over the period of
2016-2024.
Also, with the technological advancements,
the product cost has also reduced significantly, which is in turn favoring its
demand globally. In this regard, crystalline silicon technology based solar
cells market will grow substantially with a target revenue of USD 65 billion by
2024. Thin film solar cells market will also witness a rapid surge over the
coming years with an estimated capacity of 81 GW by 2024.
The developing countries are estimated to
witness a huge adoption of these systems, owing to the growing demand for
decentralized generation systems across these regions. In response to this
fact, off-grid solar systems market is projected to witness a notable surge
with a capacity target of 45 GW by 2024.
Solar cells market is accumulating a
substantial share through its increasing applications across the residential,
commercial, and utility sectors. Chile, where the execution of huge commercial
and utility projects is on a peak, is estimated to contribute noticeably toward
global solar cells market revenue, with a projected revenue of USD 700 million
by 2024.
The global
expansion of the solar cells industry will undoubtedly increase over the coming
years with the depleting conventional resources and rising power supply
demands. Key participants include Mitsubishi Electric Corporation, Jinko Solar,
Trina Solar, First Solar, Moser Baer India Ltd, etc.
Report
Content
1.1
Research Methodology
1.1.1
Initial data exploration
1.1.2
Statistical model and forecast
1.1.3
Industry insights and validation
1.1.4
Research scope and assumptions
1.2
Data Sources
1.2.1.
Primary
1.2.2.
Secondary
Chapter
2 Executive Summary
2.1
Solar cell industry 3600 synopsis, 2013 - 2024
2.1.1
Current business environment
2.1.2
Technology trends
2.1.3
Product trends
2.1.4
Grid trends
2.1.5
Application trends
2.1.6
Regional trends
Chapter 3
Solar cells Industry Insights
3.1
Industry segmentation
3.2
Industry Size and forecast, 2013 – 2024
3.3
Industry ecosystem analysis
3.4
Vendor landscape
3.5
Innovation & sustainability
3.6
Regulatory framework
3.6.1
U.S.
3.6.2
India
3.6.3
Europe
3.6.4
China
3.7
Price trend analysis
3.7.1
Cost structure
3.8
Industry Impact forces
3.8.1
Growth drivers
3.8.1.1
Growing demand for clean fuel electricity
3.8.1.2
Decreasing solar component price
3.8.1.3
Favorable government initiatives
3.8.1.4
Strict government norms towards emission
3.8.2
Industry pitfalls & challenges
3.8.2.2
Lack of awareness
3.9
Growth potential analysis
3.10
Porter’s analysis
3.11
Competitive landscape, 2015
3.12
PESTEL analysis
Browse key industry insights spread across 152 pages with 482 market data
tables & 12 figures & charts from the report Solar Cells Market in
detail along with the table of contents:
The
differentiating factor of Solar Cells market report by Global Market Insights,
Inc. when compared with other, similar syndicated research studies includes a
360-degree synopsis of trends for a period of more than 10 years including
historic information as well as future outlook. Business focussed multiple
trends for Solar Cells industry are discussed along with regional trends to
offer an overall view of the market. The ‘industry insights’ chapter of this
research provides the most comprehensive analysis of Solar Cells market
covering segmentation, size, forecasts, ecosystem analysis and more. Industry
impact forces (regional and global) that cover growth drivers and challenges,
growth potential analysis, a strategy dashboard for competitive landscape of
Solar Cells market support this sector specific data and information points.
Regionally,
Global Market Insights, Inc.’s Solar Cells market research has the most
in-depth, country focused estimates and forecasts for decision makers across
the globe. An exhaustive list of company profiles for organizations active in
the Solar Cells market supports the regional analysis and information offering
a competitive outlook on the industry. For each segment analyzed in this
research, whether it is by product, application, material or end-use, a
regional overview with historical data and Solar Cells market forecast is
provided to the reader. Such a cross-segmentation research analysis is also
unique to reports by Global Market Insights, Inc.
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