Crystalline Solar Cell Market Scope
Crystalline solar cell or panel is a type of solar cell which is made with silicon or non-silicon semiconducting materials. But crystalline silicon is the dominant semiconducting material used in photovoltaic technology for the production of solar cells from the last few decades. Solar energy which is a combination of light and heat is produced by the sun. This energy moves from the sun and reaches the earth where human collects it through solar collectors and convert it into any desirable form of energy. According to an assumption, this renewable source of energy is powerful enough to replace the need for electricity that we get from 650 barrels of oil per year. Different types of solar cells have different applications and use.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Mitsubishi Electric (Japan), Jinko Solar (China), Trina Solar (China), JA Solar Holdings (China), Tonwei solar (Hefei) (China), Hitachi (Japan), Toshiba (Japan), Sanyo (Japan), Tesla (United States), Pioneer Corporation (Japan) and Samsung (South Korea) |
CAGR | % |
The renewable resources are on a hike in the market as it is one of the alternatives for electricity. The leading manufacturers are from china they are leading the market .along with many new entrants in manufacturing are rising due to need in the market for solar cell /panels. There is strong competition between rivalry and local firms. There is also an option of merging and acquisitions to increase production and earn more profit. Research Analyst at AMA estimates that Chinese Manufacturers will contribute to the maximum growth of Global Crystalline Solar Cell market throughout the predicted period.
Mitsubishi Electric (Japan), Jinko Solar (China), Trina Solar (China), JA Solar Holdings (China), Tonwei solar (Hefei) (China), Hitachi (Japan), Toshiba (Japan), Sanyo (Japan), Tesla (United States), Pioneer Corporation (Japan) and Samsung (South Korea) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Pansonic Corporation (Japan), LONGI (China), Hanwha Q-cells (South Korea), Shunfeng (China), Canadian Solar (Canada), Aiko Solar (China) and First Solar (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Crystalline Solar Cell market by Type , by Application (Ventilation system, Solar Cars, Swimming pools, Power pump and Satellites and telescope) and Region with country level break-up.
On the basis of geography, the market of Crystalline Solar Cell has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
On 1st January 2020 Jinko Solar Holding Co. Ltd., one of the largest and most innovative solar module manufacturers in the world, and ALDO Solar, which stands out among the leading distributors of solar power equipment of the country, announce a long-term partnership in one of the most important distribution deals ever signed by Jinko Solar.
On 8th November 2019 JinkoSolar Holding Co. Ltd., one of the largest and most innovative solar module manufacturers in the world announced it is expanding its high-efficiency mono wafer production capacity at its production facility in Leshan, Sichuan Province, with an additional 5GW.
The U.S. Department of Energy (DOE) Solar Energy Technologies Office (SETO) supports funding opportunities on photo-voltaic, concentrating solar power, systems integration, technology to market, and soft costs projects. Following an open, competitive solicitation process, these funding opportunities encourage collaborative partnerships among industry, universities, national laboratories, federal, state, and local governments, and non-government agencies and advocacy groups. Solicitations may include financial or technical assistance.
Influencing Trend:
Growing use in electric vehicles as Solar cell gives battery storage in electric vehicles and Research is going for perovskite solar cells which are low cost based product
Market Growth Drivers:
Highly demanded in the market due to its clean, inexpensive and renewable power source that is used to generate power nearly everywhere in the world and Crystalline silicon solar cells have dominated the photovoltaic market
Challenges:
High-cost associated with the product and Performance Levels May Reduce Due To Increase In Temperature
Restraints:
Mono-crystalline solar panels are the most expensive over other types and Some type of cell required more space
Opportunities:
Growing researches in space technology used for satellites and telescopes and New studies and technological researches for effective solar panel and cells are in process and progress
Key Target Audience
Market Manufacturers, Raw Material Suppliers, Research Consultants, Traders, Distributors, and Suppliers, Government & Regional Agencies, Research Organizations and Investment Research Firms