Crystalline Silicon PV Market will reach 166600 million US$ in 2023

New report published by Global Info Research which offers insights on the global Crystalline Silicon PV market.

Crystalline silicon PV is made of highly pure silicon wafers that are further used to convert the solar energy into electrical energy. Crystalline silicon (c-Si) is one of the most widely used semiconductor material in photovoltaic (PV) technology to manufacture solar cells. c-Si occupies more than 90% of the total PV market revenue owing to its several benefits such as improved efficiency.

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Global Crystalline Silicon PV Market: Forecast by Type / Application / Region

The world crystalline silicon PV market is driven by heightened demand of renewable energy and increase in electricity demand, which is further supported by the rise in population globally. Limited availability of fossil fuels and strict government regulations on carbon emission create the strong need for efficient and cost-effective renewable energy sources such as solar energy. Crystalline silicon solar cells are highly efficient as compared to its rival technologies, for instance, amorphous silicon and non-silicon solar cells. However, high initial investment and reduced efficiency of crystalline silicon at very high temperatures restrain the market growth. Technological advancements in the field of solar cells to increase efficiency and rise in government spending on renewable energy projects are expected to provide growth opportunities in the market.

The worldwide market for Crystalline Silicon PV is expected to grow at a CAGR of roughly 11.4% over the next five years, will reach 166600 million US$ in 2023, from 87400 million US$ in 2017, according to a new GIR (Global Info Research) study.

Global Nonferrous Metal Recycling Market:Key Players
Hanwha Q CELLS Co. Ltd.
SolarWorld AG
JA Solar Holdings
Yingly Solar
Sharp Corporation
Jinko Solar
Canadian Solar Inc.
China Sunergy
Trina Solar Limited
SunPower Corporation

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Related Information:
United States Crystalline Silicon PV Market 2018 Forecast to 2023
Europe Crystalline Silicon PV Market 2018 Forecast to 2023
North America Crystalline Silicon PV Market 2018 Forecast to 2023
Asia-Pacific Crystalline Silicon PV Market 2018 Forecast to 2023
China Crystalline Silicon PV Market 2018 Forecast to 2023
EMEA Crystalline Silicon PV Market 2018 Forecast to 2023
Global Crystalline Silicon PV Market 2018 Forecast to 2023

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