Global Crystalline Silicon PV Cells Market Overview:
Growing demand for renewable energy and upsurge in electricity demand will help to boost global crystalline silicon PV cells market. Crystalline silicon PV cells are semiconductor material used in photovoltaic technology for the creation of solar cells. These cells are collected into solar panels as part of a photovoltaic system to produce solar power from sunlight. There are two types of crystalline silicon PV cell including Mono-Crystalline and Multi-Crystalline. Restricted availability of fossil fuels and strict government regulations on carbon emission generate a strong requirement for efficient and cost-effective renewable energy sources such as solar energy.
As per latest study released by AMA Research, the Global Crystalline Silicon PV Cells market is expected to see growth rate of 8.0%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
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:
Enhanced Material Casting Techniques to improve Performance and Adoption of Thinner Substrates which will minimize the Raw Material Cost
Market Growth Drivers:
Comparatively More Durable Solutions than the Conventional Photovoltaics and Growing Demand for the Applications of Renewable Energy Sources
Challenges:
Complex Installations and Significant Post Purchase Maintenance
Restraints:
Comparatively Higher Initial Investments than other Lighting Solutions
Opportunities:
Growing Government Reimbursements in Developing Non-renewable Energy Sources and Minimized Efficiency and Usability of Crystalline Silicon PV Cells in Higher Temperatures
Competitive Landscape:
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing on production technologies, efficiency enhancement, and product life. This market has various growth opportunities that leading players capture via tracking the ongoing process enhancement and huge investment in market growth strategies.
Some of the key players profiled in the report are Yingli Green Energy Holding Company Limited (China), Sharp Corporation (Japan), JA Solar Holdings (China), Trina Solar Co., Ltd. (China), JinkoSolar Holding Co., Ltd. (China), Neo Solar Power Energy Corp. (Taiwan), Motech Industries, Inc. (United States), Solar Electric Supply, Inc. (United States), Gintech Energy Corporation (Taiwan) and Canadian Solar Inc. (Canada). Additionally, following companies can also be profiled that are part of our coverage like Jiangsu Shenlong Hi-Tech Group Co., Ltd (China), Hanwha Group (South Korea), Kyocera Solar, Inc. (United States), Tongwei Solar Co., Ltd. (China), SolarWorld (Germany), DescriptionSunPower Corporation (United States) and Changzhou Eging Photovoltaic Technology Co. Ltd (China). Analyst at AMA Research see Asian Manufacturers to retain maximum share of Global Crystalline Silicon PV Cells market by 2030. Considering Market by End User, the sub-segment i.e. Utility-Scale will boost the Crystalline Silicon PV Cells market.
Latest Market Insights:
In July 2021, Canadian Solar Inc. (Canada) acquired the solar module and cell manufacturing business of Beijing Shunfeng Photovoltaic Technology Co., Ltd. (China), expanding its global production capacity.
In September 2021, Hanwha Q CELLS Group (South Korea) unveiled its Q CELLS G12 module, boasting an industry-leading power output of 580Wp.
What Can be Explored with the Crystalline Silicon PV Cells Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Crystalline Silicon PV Cells Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Crystalline Silicon PV Cells
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 Crystalline Silicon PV Cells 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 Crystalline Silicon PV Cells 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 by targeting key target audience that includes Crystalline Silicon PV Cells Manufacturers, Crystalline Silicon PV Cells Distributors and Traders, Energy Distributors and Suppliers, Government Agencies, Environment Regulators, Renewable Energy Source Manufacturers and Others.
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.