Solar Cells Market forecast to grow at over 12% CAGR from 2016 to 2024 - PowerPoint PPT Presentation

About This Presentation

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


More Information @ Solar cells are the electrical devices which convert light energy from sun to electrical energy by photovoltaic effect and are also referred as photovoltaic cells. They are mainly comprised of one or more layer of thin photovoltaic material such as metal, glass, and plastics. – PowerPoint PPT presentation

Number of Views:65


Transcript and Presenter's Notes

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

Global Solar Cells Market share to revenue 100bn
by 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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
  • 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.

  • 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.

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


Browse Full Market Research Report Of Solar
Cells Market_at_ https//
Request for a Sample of this Research report
_at_ https//
  • 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
  • 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
  • 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.

Stay In Touch Website Soci
al Media
Write a Comment
User Comments (0)