Press release
Solar Cells Market is Projected to Grow At A CAGR pf 12% by 2024| Key Companies are Electric Corporation, Jinko Solar, Trina Solar, First Solar
Solar Cells Market
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.
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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 industry 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.
Browse key industry insights spread across 152 pages with 482 market data tables & 12 figures & charts from the report, “Solar Cells Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/solar-cells-market
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.
Some Points From Table Of Content: -
Chapter 5 Solar cells Product Insights
5.1 Solar cells market share by product, 2015 & 2024
5.2 Monocrystalline
5.2.1 Global market estimates and forecast from monocrystalline, 2013 - 2024
5.2.2 Global market volume from monocrystalline, by region, 2013 - 2024
5.2.3 Global market revenue from monocrystalline, by region, 2013 - 2024
5.3 Polycrystalline
5.3.1 Global market estimates and forecast from polycrystalline, 2013 - 2024
5.3.2 Global market volume, by region from polycrystalline, 2013 – 2024
5.3.3 Global market revenue from polycrystalline, by region, 2013 - 2024
5.4 Cadmium Telluride (CDTE)
5.4.1 Global market estimates and forecast from cadmium telluride (CDTE), 2013 - 2024
5.4.2 Global market volume from cadmium telluride (CDTE), by region, 2013 – 2024
5.4.3 Global market revenue from cadmium telluride (CDTE), by region, 2013 - 2024
5.5 Amorphous Silicon (A-Si)
5.5.1 Global market estimates and forecast from amorphous silicon (A-Si), 2013 - 2024
5.5.2 Global market volume from amorphous silicon (A-Si), by region, 2013 – 2024
5.5.3 Global market revenue from amorphous silicon (A-Si), by region, 2013 - 2024
5.6 Copper Indium Gallium Diselenide
5.6.1 Global market estimates and forecast from copper indium gallium diselenide, 2013 - 2024
5.6.2 Global market volume from copper indium gallium diselenide, by region, 2013 – 2024
5.6.3 Global market revenue from copper indium gallium diselenide, by region, 2013 - 2024
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/solar-cells-market
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Global Market Insights, Inc.
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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.
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