Solar Cells Market forecast to grow at over 12% CAGR from 2016 to 2024

1
Global Solar Cells Market share to revenue 100bn
by 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
Industry Overview

• Strict legislations to check environmental
  pollution along with high popularity of clean
  fuel technologies is expected to push solar cells
  market growth over the next few years. Moreover,
  favorable government policies promoting solar
  cells installations as a part of its energy
  conserving initiative/strategy along with it
  being an effective tool for electricity/power
  generation, will spur the industry growth. High
  demand for off grid electricity plus diminishing
  costs of solar cell components, is projected to
  drive the market trends over the coming
  timeframe. According to Global Market Insights,
  Inc. research study, Solar cells market size is
  expected to record significant gains of 12 over
  the period of 2016-2024. Effective measures to
  provide uninterrupted as well as clean power
  supply to off-grid and remote locations having
  poor access to electric supply, is anticipated to
  significantly drive the solar cells industry
  growth.
• Based on the technology trends, solar cells
  market is classified into thin film cells,
  crystalline silicone cells, and ultra-thin film
  cells. Thin film solar cells industry, valued at
  over USD 8 billion in 2015, is expected to
  experience a significant growth over the coming
  years, owing to its efficient functioning
  ability. Crystalline silicone cells technology is
  projected to register a considerable growth over
  the coming seven years, driven by its lower
  component costs. Ultra-thin film solar cells
  market value, worth USD 3 million in 2015, is
  expected to witness a lucrative growth over the
  coming seven years as a result its high
  efficiency lightweight features.

3

• Solar cells find extensive applications across
  residential, utility, and commercial sectors.
  Rising popularity of standalone systems along
  with heavy demand for rooftops are expected to
  boost the industry growth across residential
  sector. Solar cells industry size in the
  commercial sector is expected to grow
  considerably over 2016-2024, driven by a great
  urge for generating clean and reliable power.
• Considering the product trends, the industry is
  segmented into Cadmium Telluride,
  Polycrystalline, Copper Indium Gallium
  Diselenide, Monocrystalline, and Amorphous
  Silicon. Polycrystalline solar cells market
  revenue is anticipated to grow noticeably over
  the next few years, driven by lower costs coupled
  with its enhanced use across commercial and
  residential sectors.

4
U.S. Solar Cells Market size, by product, 2013
-2024 (USD Million)

5

Browse Full Market Research Report Of Solar
Cells Market_at_ https//tinyurl.com/j377568
Request for a Sample of this Research report
_at_ https//www.gminsights.com/request-sample/detail
/304
6

• Below are the regional highlights pertaining to
  solar cells industry over 2016-2024
• Rising preference for using renewable energy
  along with stringent measures towards reduction
  of GHG emissions has contributed considerably
  towards Europe solar cells industry growth. UK is
  expected to be a major regional revenue
  contributor.
• North America solar cells market will experience
  an impressive/notable growth over the coming
  years, led by strict rules to reduce power
  consumption along with preservation of green
  environment. U.S. is forecast to be a key
  regional revenue pocket.
• Government schemes promoting sustainable energy
  use along with favorable policies such as tax
  benefits as well as net metering are expected to
  accelerate Asia Pacific solar cells industry
  growth over the coming years. China, Australia,
  and India are projected to drive the regional
  growth.
• High requirement for off-grid power supply is
  expected to drive MEA solar cells market size
  considerably over the next few years, with South
  Africa expected to make significant contributions
  towards the regional share.

7
Stay In Touch Website www.gminsights.com Soci
al Media