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Solar Cells Market Trends, Companies, Driver, Segmentation, Forecast to 2024

New research report on Solar Cells market, which is a detailed analysis of this business space inclusive of the trends, competitive landscape, and the market size. Encompassing one or more parameters among product analysis, application potential, and the regional growth landscape, Solar Cells market also includes an in-depth study of the industry's competitive scenario.

Growing adoption of clean fuel technologies over conventional will drive global solar cells market size. Government initiatives towards energy conservation and carbon footprint may favor the business growth.

Rising demand for off grid electricity coupled with decreasing photovoltaic component cost is anticipated to drive the solar cells market share during forecast period. As of 2014, over 600 million people in Africa have no or poor access to reliable electricity.

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Solar Cells Market size is likely to exceed USD 100 billion by 2024, as per a new research report

Solar Cells Market Trends, Companies, Driver, Segmentation, Forecast to 2024
Solar Cells Market Trends, Companies, Driver, Segmentation, Forecast to 2024

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Increasing demand for reliable electricity coupled with favorable polices to promote renewable energy including solar may further compliment the industry outlook. The Government of India has introduced various incentives such as accelerated depreciation, capital subsidies, tax benefits, feed in tariff and renewable energy certificates which may positively affect the overall industry growth.

Key insights from the report include:
U.S. solar cells market size was close to USD 4 billion in 2015 and is anticipated to witness gains of over 14% subject to increasing utility scale installation.
Brazil was over 52 MW in 2015, growing focus towards the development of decentralized generation systems will favor the industry growth in future.
Cadmium telluride solar cell market share was close to 8 GW in 2015 with sales potential exceeding USD 20 billion by 2024.
India solar cells market size is predicted to exceed 24 GW by 2024. Favorable policies such as net metering, tax incentives and power purchase agreement is likely to propel the industry growth in coming years.
China solar cells market share contributed over 45% of the global revenue in 2015. Soft loans, tax credits, and other special grants by the government will likely accelerate the business growth.
Ultra-thin film PV cell market technology was close to USD 3 million in 2015 and in term of volume, is witness to gain over 30% by 2024.
Australia solar cells market size was close to USD 600 million in 2015 and in term of volume will exceed 5 GW by 2024. Government measures towards emission with initiatives such as feed-in tariffs and special rebates may favor the business.
Major participants in the industry include Jinko, Canadian, Sunedison, Trina, Moser Baer, Yingli, First Solar, SunPower Corporation, Indosolar, GreenBrilliance, SolarWorld, Tata Power, and Mitsubishi Electric Corporation.

In 2016, Government of India has announced a budget of over USD 700 million to install 5 GW of grid connected photovoltaic project by 2020. These initiatives may boost the overall business growth in the region. World bank and International Finance Corporation have introduced several programs including ?Lighting Africa? to promote the use of photovoltaic products over conventional lighting source among off grid population.

Solar Cells market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million and volume (shipment) in MW from 2013 to 2024, for the following segments:

Global Solar Cells Market By Technology
Crystalline Silicon PV Cells
Thin Film PV Cells
Ultra-Thin Film PV Cells

Major Highlights from Table of contents are listed below for quick lookup into Solar Cells Market report

Chapter 1. Competitive Landscape

  • Company market share
  • Solar Cells Market Competitive analysis of key market players
  • Competitive analysis of other prominent vendors

Chapter 2. Company Profiles

  • Business Overview
  • Financial Data
  • Product portfolio
  • Strategic Outlook
  • SWOT Analysis

Chapter 3. Methodology & Scope

  • Methodology
  • Initial data exploration
  • Solar Cells Market Statistical model and forecast
  • Industry insights and validation
  • Solar Cells Market Scope
  • Definition
  • Methodology and forecast parameters
  • Data Sources

Chapter 4. Executive Summary

  • Solar Cells industry 360º synopsis - 2025
  • Solar Cells Business trends
  • Region trends

Chapter 5. Solar Cells industry Insights

  • Solar Cells Industry segmentation
  • Industry landscape 2025
  • Industry Pitfalls and Challenges
  • Threat of new entrants
  • Threat of substitutes
  • Solar Cells Market Growth potential analysis

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