The
Solar Cell Market trends are analyzed from recent past
with an eye on coming years in this report that also offers projections for
Solar Cell 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 awareness toward reducing carbon
footprints and adoption of renewable energy sources will lead to a rapid growth
in Europe & U.S. solar cells industry. As per the report, Europe solar
cells market is forecast to record a CAGR of 17% over 2016-2024.
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.
Browse key industry insights spread across 152
pages with 482 market data tables & 12 figures & charts from this
report Solar Cell Market in detail along with the
table of contents at:
Report Content
Chapter 1 Methodology & Scope
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
This
latest Solar Cell Market
research report offers in-depth analysis, key industry insights, market sizing
& forecast on a granular level for key products, applications across number
of regional markets. The report also analyzes the Solar Cell industry from business strategy perspective,
describing in detail growth drivers, pitfalls &challenges for participants,
accompanied by a detailed competitive benchmarking including company market
share analysis and detailed business profiles.
Reasons to Buy This Report
·
Global
Solar Cell Market size
& forecast by product & application.
·
Growth
drivers, pitfalls & industry challenges.
·
Key
Solar Cell Market growth
opportunities & emerging business models.
·
Competitive
benchmarking with market share analysis and company profiles.
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