Solar Cells Market size worth over $100bn by 2024 - PowerPoint PPT Presentation

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Solar Cells Market size worth over $100bn by 2024


Solar Cells Market size is likely to exceed USD 100 billion by 2024, as per a new research report by Global Market Insights, Inc. 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. – PowerPoint PPT presentation

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Title: Solar Cells Market size worth over $100bn by 2024

Solar Cells Market size to exceed USD 100 billion
by 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
Key Insights from Solar Cells Market
  • 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
  • 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
  • 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.



Browse Full Market Research Report On Solar
Cells Market _at_ https//
-analysis/solar-cells-market Request for a
Sample of this Research Report _at_ https//www.gmins
360 Analysis
  • Product Trends
  • Flexibility and transparency coupled with
    growing applications across residential and
    commercial will propel business growth.
    Polycrystalline solar cells market share is
    expected to witness again over 10 due to its
    high efficiency and low cost.
  • Regional Trends
  • South Africa is expected to grow at over 12 to
    exceed 400 MW by 2024. Growing demand for
    electricity in the region may favor the business
    in future. Chile was valued at 388 MW in 2015 and
    is expected to reach over USD 700 million by 2024
    subject to ongoing execution large scale
    commercial and utility projects.
  • Competitive Market Share
  • Major industry players include Mitsubishi
    Electric Corporation, Jinko, Trina, Canadian,
    First Solar, Moser Baer India Ltd, Yingli,
    SunPower Corporation, Sunedison, Inc., Indosolar,
    Tata Power Systems Ltd, GreenBrilliance, and

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