Press release
What's driving the solar cells market trends? Tata Power Systems Ltd, SunPower Corporation, Moser Baer India Ltd, Trina, Mitsubishi Electric Corporation, GreenBrilliance, Jinko, SolarWorld, Canadian, Indosolar, First Solar, Sunedison, Yingli & Jinko Solar
Solar Cells Market
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.
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The product spectrum, one of the multiple important segments covered in the report, is further categorized into polycrystalline, monocrystalline, cadmium telluride (CDTE), amorphous silicon (A-Si), copper indium gallium diselenide, according to the report. The contribution made by each sub segment toward the growth of the overall solar cells market has also been meticulously outlined, in addition to the potential that these sectors hold in molding the future dynamics of this business space.
The report also elucidates the grid and application landscapes of solar cells market in fastidious detail, elaborating on the market estimates, future potential, individual scope, and growth trends as per the segmented geographies. Replete with extensive charts, tables and figures, global solar cells market research report successfully provides key insights regarding pivotal industry deliverables.
Key industry participants are Mitsubishi Electric Corporation, SunPower Corporation, Yingli Solar Energy Company, Jinko Solar Photovoltaics Company, Moser Baer India Limited, Trina Solar, First Solar Inc., Sunedison Inc., Tata Power Solar Systems Limited, SolarWorld Photovoltaics Company, GreenBrilliance, and Indosolar Company.
Regional highlights pertaining to solar cells industry
o Rising preference for using renewable energy along with stringent measures towards reduction of GHG emissions has contributed considerably towards Europe solar cells industry growth. UK is expected to be a major regional revenue contributor.
o North America solar cells market will experience an impressive/notable growth over the coming years, led by strict rules to reduce power consumption along with preservation of green environment. U.S. is forecast to be a key regional revenue pocket.
o Government schemes promoting sustainable energy use along with favorable policies such as tax benefits as well as net metering are expected to accelerate Asia Pacific solar cells industry growth over the coming years. China, Australia, and India are projected to drive the regional growth.
o High requirement for off-grid power supply is expected to drive MEA solar cells market size considerably over the next few years, with South Africa expected to make significant contributions towards the regional share.
o LATAM solar cells industry is predicted to observe a high surge over the coming seven years, driven by high application/use of the solar cells technology across rapidly expanding utility and commercial (construction) projects. Brazil and Chile are expected to contribute heavily towards the regional revenue.
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