Global Solar Cell Market Overview:
Solar cell is a solid state electrical device that transforms the energy of light directly into electricity by the photovoltaic effect. Electrical energy is stored in electromagnetic field, which in turn can make a current of electrons flow. A single solar cell area is typically about 100 cm2, it generates a dc photovoltage of 0.5 -1 V and photocurrent of several amperes. Because of low voltage and electric current, cells are connected into modules, which produce standard voltage of 12 V. Modules are further connected into strings. Due to the fluctuations in solar irradiation during the day, PV systems also include components for charge regulation and storage.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Technological Advancements Along With Growing Production Capacity and Increasing Concerns of People towards Renewable Energy Sources
Market Growth Drivers:
Rising Demand for Decentralized Energy Generation Systems and Increasing Demand for Electricity due to Rising Population
Challenges:
Lack of Proper Infrastructure and Thin-Film cells don't Last Long and Quickly Succumb to the Effects of Weatherization
Restraints:
High Cost related to Solar Cells
Opportunities:
Raising Demand for Solar Power Towers in Electricity Generation and Increasing Government Initiatives to Promote Use of Solar Energy
Competitive Landscape:
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail competitive advantage through combined synergies.
Some of the key players profiled in the report are Canadian Solar (Canada), Trina Solar (China), JinkoSolar (China), SunPower Corp (United States), Hanwha Q Cells (South Korea), JA Solar (China), Aiko Solar (China), First Solar (United States), Tata Power Systems Limited (India) and Sharp Corporation (Japan). Additionally, following companies can also be profiled that are part of our coverage like Solar Frontier (Japan), Sanyo (Japan) and GreenBrilliance (United States). Analyst at AMA Research see Chinese Manufacturers to retain maximum share of Global Solar Cell market by 2027. Considering Market by Material Used, the sub-segment i.e. Crystalline Silicon will boost the Solar Cell market.
What Can be Explored with the Solar Cell Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Solar Cell Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Solar Cell
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Solar Cell market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Solar Cell market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.