+1-888-308-5802     
News Contact Us

Solar Cells Market by Emerging Trends and Competitive Landscape Forecast To 2024

Author : Ronak Bora | Published Date : 2020-09-14 

U.S. solar cells market size was close to USD 4 billion in 2015 and is anticipated to witness gains of over 14% subject to increasing utility scale installation.

Brazil was over 52 MW in 2015, growing focus towards the development of decentralized generation systems will favor the industry growth in future.

Cadmium telluride solar cell market share was close to 8 GW in 2015 with sales potential exceeding USD 20 billion by 2024.

India solar cells market size is predicted to exceed 24 GW by 2024. Favorable policies such as net metering, tax incentives and power purchase agreement is likely to propel the industry growth in coming years.

Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/304

China solar cells market share contributed over 45% of the global revenue in 2015. Soft loans, tax credits, and other special grants by the government will likely accelerate the business growth.

Australia solar cells market size was close to USD 600 million in 2015 and in term of volume will exceed 5 GW by 2024. Government measures towards emission with initiatives such as feed-in tariffs and special rebates may favor the business.

Ultra-thin film PV cell market technology was close to USD 3 million in 2015 and in term of volume, is witness to gain over 30% by 2024.

Solar cells market size is expected to record significant gains of 12% over the forecast period. Effective measures to provide uninterrupted as well as clean power supply to off-grid and remote locations having poor access to electric supply, is anticipated to significantly drive the solar cells industry growth.

Strict legislations to check environmental pollution along with high popularity of clean fuel technologies is expected to push solar cells market growth over the next few years. Moreover, favorable government policies promoting solar cells installations as a part of its energy conserving initiative/strategy along with it being an effective tool for electricity/power generation, will spur the industry growth. High demand for off grid electricity plus diminishing costs of solar cell components, is projected to drive the market trends over the coming timeframe.

Based on the technology trends, solar cells market is classified into thin film cells, crystalline silicone cells, and ultra-thin film cells. Thin film solar cells industry, valued at over USD 8 billion in 2015, is expected to experience a significant growth over the coming years, owing to its efficient functioning ability. Crystalline silicone cells technology is projected to register a considerable growth over the coming seven years, driven by its lower component costs. Ultra-thin film solar cells market value, worth USD 3 million in 2015, is expected to witness a lucrative growth over the coming seven years as a result its high efficiency & lightweight features.

Request for customization @ https://www.gminsights.com/roc/304

Increasing demand for reliable electricity coupled with favorable polices to promote renewable energy including solar may further compliment the industry outlook. The Government of India has introduced various incentives such as accelerated depreciation, capital subsidies, tax benefits, feed in tariff and renewable energy certificates which may positively affect the overall industry growth.

Major participants in the industry include Jinko, Canadian, Sunedison, Trina, Moser Baer, Yingli, First Solar, SunPower Corporation, Indosolar, GreenBrilliance, SolarWorld, Tata Power, and Mitsubishi Electric Corporation.

Table of Contents (ToC) of the report:

Chapter 3     Solar cells Market 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

Chapter 4     Solar cells Market by Technology Insights

4.1    Solar cells industry share by technology, 2015 & 2024

4.2    Crystalline Silicon PV Cells

4.2.1      Global solar cells industry estimates and forecast from crystalline silicon PV Cells, 2013 - 2024

4.2.2      Global solar cells industry volume from crystalline silicon PV Cells, by region, 2013 - 2024

4.2.3      Global solar cells industry revenue from crystalline silicon PV Cells, by region, 2013 - 2024

4.3    Thin Film PV Cells

4.3.1      Global solar cells industry estimates and forecast from thin film PV Cells, 2013 - 2024

4.3.2      Global solar cells industry volume from thin film PV Cells, by region, 2013 – 2024

4.3.3      Global solar cells industry revenue from thin film PV Cells, by region, 2013 - 2024

4.4    Ultra Thin Film PV Cells

4.4.1      Global solar cells industry estimates and forecast from ultra thin film PV Cells, 2013 - 2024

4.4.2      Global solar cells industry volume from thin film PV Cells, by region, 2013 – 2024

4.4.3      Global solar cells market revenue from thin film PV Cells, by region, 2013 - 2024

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/solar-cells-market

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

Related News

North America Beverage Refrigeration Market Growth Predicted at 5% CAGR through 2024

Published Date: 2020-09-21         Author: Ronak Bora

The research report on North America Beverage Refrigeration Market offers a thorough understanding on this industry with significant details subject to its overall foothold in the global landscape and its application across major end-user industries and sectors. According to this report, North Am... Read More

North America Breast Implants Market Size to Expand at Over 9% CAGR through 2025

Published Date: 2020-09-21         Author: Ronak Bora

The study on North America Breast Implants Market provides a complete view on the industry with intricate details subject to its overall stance in the global landscape along with specifying various applications across major end-user sectors. North America Breast Implants industry, as per the gi... Read More

North America Automotive Camera Market Revenue to Surpass USD 5 Billion by 2025

Published Date: 2020-09-21         Author: Ronak Bora

The research report on North America Automotive Camera Market provides a comprehensive understanding of the overall market with substantial details including its position in the global economy and its applications across myriad end-users segments. According to the given report, the North America aut... Read More

© 2020 Fractovia. All Rights Reserved