Energy & Environment Industry Today

Global Solar Cells and Modules Market, Top key players are Hanwha ,First Solar ,SunPower ,Sharp ,SolarWorld

Global Solar Cells and Modules Market is valued approximately USD 42,100 million in 2018 and is anticipated to grow with a healthy growth rate of more than 2.0% over the forecast period 2019-2026. Solar Cell is a device made from crystalline silicon or thin film that converts sunlight into electricity by a process known as the photovoltaic effect.
Published 28 June 2019
Global Solar Cells and Modules Market Size study, by Type (Single Crystal Silicon, Polycrystalline Silicon, Others), Application (Residential, Commercial, Ground Station, Others) and Regional Forecasts 2019-2026

There are two key indicators for solar cells: one is cell conversion efficiency, and the other is cell thickness. Solar modules use light energy (photons) from the sun to generate electricity through the photovoltaic effect. The majority of modules use wafer-based crystalline silicon cells or thin-film cells based on cadmium telluride or silicon. The structural (load carrying) member of a module can either be the top layer or the back layer. Cells must also be protected from mechanical damage and moisture. Most solar modules are rigid, but semi-flexible ones are available, based on thin-film cells. surging adoption and utility of solar cells in residential & commercial sectors is one of the major factors responsible for high CAGR of the market.

Low cost of solar cell as compared to other substitutes offers growth opportunities. Also, enhancing investments by both the private and government organizations towards development of solar cells is contributing towards growth of global Solar Cells and Modules market. Further, Solar Cells and Modules offers several benefits such as truly renewable energy source, reduces electricity bills and low maintenance costs that regulates their demand across various regions. However, lack of awareness among people and high cost associated with this devices are the factors anticipated to hamper the market growth during the forecast period.

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Some of the key players operating in this market include: Hanwha ,First Solar ,SunPower ,Sharp ,SolarWorld

The regional analysis of global Solar Cells and Modules market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to increasing concerns of people towards renewable energy sources and rising demand of Solar Cells among its end-users in the region. Europe is anticipated to grow at second largest region in the global Solar Cells and Modules market due to favorable government policies associated with solar cells in the region. Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026 due to presence of large number of producers and consumers across the region.

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This report provides pin-point analysis for changing competitive dynamics

It provides a forward looking perspective on different factors driving or restraining market growth

It provides a six-year forecast assessed on the basis of how the market is predicted to grow

It helps in understanding the key product segments and their future

It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors

It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

TABLE OF CONTENT:

Chapter 1. Executive Summary

Chapter 2. Global Solar Cells and Modules Market Definition and Scope

Chapter 3. Global Solar Cells and Modules Market Dynamics

Chapter 4. Global Solar Cells and Modules Market Industry Analysis

Chapter 5. Global Solar Cells and Modules Market, by Product Type

Chapter 6. Global Solar Cells and Modules Market, by Application

Chapter 7. Global Solar Cells and Modules Market, by Regional Analysis

Chapter 8. Competitive Intelligence

Chapter 9. Research Process

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