Press release
Photovoltaic Materials Market 2019 Industry Trends by Leading Key Players are DuPont, Bandgap, Engineering 1366 Technologies, Natcore, Targray, SolarBuyer, Polyrise, Ferrotec, Applied Materials, Sinovia Technologies, Cencorp and others
Photovoltaic Materials Market Research Report- Forecast to 2022
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Synopsis of Photovoltaic materials Market:
Globally, the market for photovoltaic materials is growing at a CAGR of 8% during forecasted period (2016-2022). Photovoltaic it converts sunlight into electricity. It offers a practical and sustainable solution to the increasing globally energy demand.
The PV cells are made of semiconductor materials. The major types of materials are crystalline and thin films, which vary from each other in terms of light absorption efficiency, energy conversion efficiency, manufacturing technology and cost of production. Rising concern of emission of CO2 and sustainable energy production can only be expected if the cost can be considerably reduced as well as use of renewable energy source will aid the market growth for the forecasted period.
Additionally, with rising awareness about green trends, the future will lie in technologies that offer enhanced energy-efficient solutions at a low cost. Manufacturers who offer products with optimum performance while remaining price-orientated will be poised to gain substantial market share.
However, the market will be effected due to PV materials as they are most expensive form of renewable energy today, the feedstock problem and technologically limitations of crystalline cells. Owing to this the market will be hindered for the forecasted period.
Globally, photovoltaic materials market was valued at USD 15 billion in 2016 and is likely to reach USD 25 billion in 2022, expanding at CAGR of 8% between 2016 and 2022. Asia-pacific region was the leading photovoltaic materials market with an estimated highest market size and is projected to touch down billion tons in 2017.
North America region is the second largest photovoltaic market in 2016. The U.S. has represented the largest market in 2016 and is expected to reach in billion by 2022 due to stringent regulation, technological advancement and increasing concerns of global warming are the key drives in this region. Middle East and Africa are one of the fastest growing market.
Key Players
The key players in market includes DuPont, Bandgap, Engineering 1366 Technologies, Natcore, Targray, SolarBuyer, Polyrise, Ferrotec, Applied Materials, Sinovia Technologies, Cencorp and others.
Geographic Analysis
The report covers brief analysis of geographical region includes
North America
US
Canada
Europe
Germany
France
Italy
Netherlands
U.K.
Rest of Europe
APAC
China
India
Japan
Rest of Asia-Pacific
RoW
South America
Middle East
Africa
Study Objectives of Photovoltaic Materials Market
To study detail of photovoltaic materials market by type, by application and by region in forecasted period 2022.
To identify the market dynamics of photovoltaic materials market dynamics by drivers, restrains, opportunities and challenges.
To analyze various factors like value chain analysis and porters five forces model.
To provide historical and forecast revenue of market segment with respect to North America, Europe, APAC and RoW.
To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
To track mergers and acquisitions, strategic alliances, new product development of specified company.
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Intended Audience
Manufacturers and distributors of photovoltaic materials.
Suppliers and traders of photovoltaic materials.
Government, associations and industrial bodies.
Investors and Trade experts.
Consulting in chemical experts.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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