Photovoltaic (PV) Materials Market Trends, Applications, Competitive Market & Forecast 2017-2024
Photovoltaic (PV) Materials market size was over 38 GW in 2015. Renewable energy market trends are expected to witness shift towards off-grid installations in some regions, where a large percentage of the population has limited access to a national grid.
Photovoltaic (PV) materials market size was worth over USD 20 billion in 2015, and is estimated to exceed USD 35 billion by 2023, growing at over 7% CAGR from 2016 to 2023.
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Initial expenditure during installation is expected to be a restraint for industry growth. However, low maintenance and operating cost in long term is likely to drive growth. Reduction in raw material prices is anticipated to hamper PV materials market price trend.
North America is expected to grow at a significant rate, the U.S. and Canada are projected to occupy large share owing to industrial growth and government influence in the region. High electricity prices and government subsidies over solar energy usage is likely to positively drive Middle East & Africa (MEA) photovoltaic materials market.
Photovoltaic materials can be segmented into polycrystalline silicon, monocrystalline silicon, amorphous silicon, copper indium gallium selenide, cadmium telluride, crystalline silicon, and copper solar cables. Crystalline silicon was the leading semiconducting material; these cells help to generate solar power from sunlight.
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Photovoltaic Materials Market size & forecast by product & application.
Growth drivers, pitfalls & industry challenges.
Photovoltaic Materials Market growth opportunities & emerging business models.
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Photovoltaic Materials Market Report Consists of,
1. Methodology and Scope
2. Executive Summary
3. Photovoltaic Materials Industry Insights
3.1 Industry segmentation
3.2. Industry size, forecast and growth expectations, 2012 - 2023
3.3. Industry ecosystem analysis
3.4. Raw material insights
3.5. Technology insights
3.6. Regulatory framework
3.7. Industry dynamics
3.8. Key growth opportunities
3.9. Porter's analysis
3.10. Company market share, 2015
3.11. PESTEL analysis
3.14. Regional price trends
4. Photovoltaic Materials Product Insights
5. Photovoltaic Materials Application Insights
6. Photovoltaic Materials Regional Insights
7. Competitor Profiles-
PV materials market share is comprised of DuPont, 1366 Technologies, Bandgap Engineering, Sinovia Technologies, SolarBuyer, Polyrise, Natcore, Targray, Ferrotec, Applied Materials, and Cencorp.
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More than 39% of energy is extracted with the help of coal which causes environmental pollution. Alarming environmental situation coupled with rising energy consumption is likely to influence industries towards more imperishable and worthwhile energy resources. These factors are likely to positively impact photovoltaic materials market growth.
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