Press release
Solar Cells Market By Application Analysis and key Players: Jinko, Sunedison, Canadian, Trina, Yingli, First Solar, Moser Baer, SunPower Corporation, GreenBrilliance, Indosolar, Tata Power, Solar World
Solar Cells Market
Global Solar Cells Market to surpass USD 100 billion by 2024, as per a new research report by Global Market Insights, Inc. Growing adoption of clean fuel technologies over conventional will drive global solar cells market size. Government initiatives towards energy conservation and carbon footprint may favor the business growth. Rising demand for off grid electricity coupled with decreasing photovoltaic component cost is anticipated to drive the solar cells market share during forecast period. As of 2014, over 600 million people in Africa have no or poor access to reliable electricity.
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Top Key Players: -
Key participants in the solar cells market include Jinko, Sunedison, Canadian, Trina, Yingli, First Solar, Moser Baer, SunPower Corporation, GreenBrilliance, Indosolar, Tata Power, Solar World, and Mitsubishi Electric Corporation.
Market share calculation in this report is not done based on companies covered in it. The calculation of solar cells market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
Regional Segmentations: -
The U.S. in 2015 was valued over USD 4 billion and is anticipated to expand over 14% owing to increasing utility scale installation. Government measures towards energy efficiency and carbon emission reduction will further complement the U.S. solar cells market growth. As per the Solar Energy Association, the solar industry in the U.S. installed 7,286 MW of solar photovoltaics in 2015 where the utility-scale sector represented more than 50% of the total solar PV installation.
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.
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Partial Chapter of the Table of 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
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Government initiatives towards conservation of energy coupled with ambitious targets to reduce carbon emission will further propel the solar cells market. In June 2015, Government of India has set revised solar mission target at 100 GW by 2022. As per the Ministry of New and Renewable Energy (MNRE), an estimated total investment of USD 94 billion is expected for upgradation to 100 GW solar power capacity.
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.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com
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