Solar Cell Market To Be Driven By Technological Advancements Till 2022: Grand View Research, Inc.

Solar cell market to grow at a CAGR of 25.5% from 2015 to 2022

“The global solar cell industry is expected to reach over 1,087.0 GW by 2022 owing to increasing demand for electricity coupled with rising consumer awareness regarding environmental benefits of renewable energy sources�

Global solar cell industry is expected to reach over 1,087.0 GW by 2022 owing to increasing demand for electricity coupled with rising consumer awareness regarding environmental benefits of renewable energy sources. Stringent government regulations in various economies to encourage use of solar energy through incentives and feed-intariffs is also anticipated to drive demand over the forecast period.

Technological advancements have led to efficient performance and reduction in manufacturing cost of the cells which is expected to fuel growth. Moreover, rising demand for eco-friendly energy sources in order to reduce dependence on fossil fuels and achieve energy security is expected to propel growth over the next seven years.

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Detailed Research Report available at: http://www.grandviewresearch.com/industry-analysis/solar-cell-market Further key findings from the report suggest:  Increasing demand for PV systems in residential, utility and commercial applications is expected to have a positive impact on the industry. Increasing government support coupled with rising R&D investments in the sector is projected to propel growth. In addition, rapid development in the industrial sector together with growing infrastructure improvements particularly in emerging economies is forecasted to fuel product utilization over the next seven years.  Multicrystalline and monocrystalline which form the silicon wafer segment contributed to an overall market share of approximately 90.0% of aggregated installation capacity in 2014.  In 2014, monocrystalline silicon wafer market reached over 57.0 GW. Industry players are expected to have ample growth opportunities in the market owing to increasing utilization of the product in developed nations. Properties of monocrystalline solar cells including stability, high efficiency and compact design is expected to propel demand over the next seven years. Research and development aimed at incorporating magnetic nanoparticles in manufacturing solar cells owing to enhanced performance is anticipated to open new avenues over the forecast period.  Emerging economies including China, Indonesia, India and Japan are expected to experience significant growth inthe market owing to supportive government programs and policies over the next seven years.  Multicrystalline silicon cells are projected to witness rapid growth exceeding 25.0% in the forecast period owing to simple production process leading to

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reduced costs. Asia Pacific is expected to be a major market for multi crystalline solar cell owing to rising demand for multi crystalline solar cells in residential and commercial applications and increasing consumer awareness regarding cost efficiencyof the product.  UAE is one of the major markets for solar cells in MEA owing to reliable operation and cost benefits of the product.Impressive aesthetic exteriors and flexibility offered by photovoltaics is estimated to propel thin film solar cell market over the next seven years.

Read our blog on energy and power industry: http://www.grandviewresearch.com/blogs/energy-and-power Table of content of global solar cell market research report: Chapter 1 Research Methodology 1.1 Research Methodology 1.2 Research Scope & Assumptions 1.3 List of Data Sources Chapter 2 Executive Summary Chapter 3 Solar Cell Industry Outlook 3.1 Solar cell market segmentation 3.2 Solar cell market size and growth prospects, 2012 - 2022 3.3 Solar cell value chain analysis

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3.3.1 Vendor landscape 3.4 Raw material outlook 3.5 Technology overview 3.5.1 Crystalline silicon manufacturing technology 3.5.1.1 Monocrystalline technology 3.5.1.2 Polycrystalline Technology 3.5.2 Thin-film manufacturing 3.6 Regulatory framework 3.7 Solar cell market dynamics 3.7.1 Market driver analysis 3.7.1.1 Increasing Solar PV installations 3.7.1.2 Favorable regulatory scenario 3.7.1.3 Technology innovations 3.7.2 Market restraint analysis 3.7.2.1 Environmental hazards associated with manufacturing process 3.7.2.2 Low performance efficiency

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3.8 Solar cell key opportunities prioritized 3.9 Solar cell Porter’s analysis 3.10 Solar cell competitive scenario, 2014 3.11 Solar cell PESTEL analysis 3.12 Impact of Paris climate summit on solar cell market Chapter 4 Solar Cell Product Outlook 4.1 Global solar cell market share by installed capacity, 2014& 2022 4.2 Silicon wafers 4.2.1 Market estimates and forecast in solar cell, 2012 - 2022 (MW) 4.2.2 Market estimates and forecast in solar cell, by region, 2012 - 2022 (MW) 4.2.3 Monocrystalline silicon wafer 4.2.3.1 Market estimates and forecast in solar cell, 2012 - 2022 (MW) 4.2.3.2 Market estimates and forecast in solar cell, by region, 2012 2022 (MW) 4.2.4 Multicrystalline silicon wafer 4.2.4.1 Market estimates and forecast in solar cell, 2012 - 2022 (MW)

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4.2.4.2 Market estimates and forecast in solar cell, by region, 2012 2022 (MW) 4.3 Thin film 4.3.1 Market estimates and forecast in solar cell, 2012 - 2022 (MW) 4.3.2 Market estimates and forecast in solar cell, by region, 2012 - 2022 (MW) 4.3.3 Cadmium Telluride 4.3.3.1 Market estimates and forecast in solar cell, 2012 - 2022 (MW) 4.3.3.2 Market estimates and forecast in solar cell, by region, 2012 2022 (MW) 4.3.4 Amorphous Silica 4.3.4.1 Market estimates and forecast in solar cell, 2012 - 2022 (MW) 4.3.4.2 Market estimates and forecast in solar cell, by region, 2012 2022 (MW) 4.3.5 Copper Indium Gallium Selenide 4.3.5.1 Market estimates and forecast in solar cell, 2012 - 2022 (MW) 4.3.5.2 Market estimates and forecast in solar cell, by region, 2012 2022 (MW) Chapter 5 Solar Cell Regional Outlook

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5.1 Global solar cell market share by region, 2014 & 2022 5.2 North America 5.2.1 Market estimates and forecast, 2012 - 2022 (MW) 5.2.2 Market estimates and forecast, by product, 2012 - 2022 (MW) 5.2.3 U.S. 5.2.3.1 Market estimates and forecast, 2012 - 2022 (MW) 5.2.3.2 Market estimates and forecast, by product, 2012 - 2022 (MW) 5.3 Europe 5.3.1 Market estimates and forecast, 2012 - 2022 (MW) 5.3.2 Market estimates and forecast, by product, 2012 - 2022 (MW) 5.3.3 Germany 5.3.3.1 Market estimates and forecast, 2012 - 2022 (MW) 5.3.3.2 Market estimates and forecast, by product, 2012 - 2022 (MW) 5.4 Asia Pacific 5.4.1 Market estimates and forecast, 2012 - 2022 (MW) 5.4.2 Market estimates and forecast, by product, 2012 - 2022 (MW) 5.4.3 China

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5.4.3.1 Market estimates and forecast, 2012 - 2022 (MW) 5.4.3.2 Market estimates and forecast, by product, 2012 - 2022 (MW) 5.5 LATAM 5.5.1 Market estimates and forecast, 2012 - 2022 (MW) 5.5.2 Market estimates and forecast, by product, 2012 - 2022 (MW) 5.6 MEA 5.6.1 Market estimates and forecast, 2012 - 2022 (MW) 5.6.2 Market estimates and forecast, by product, 2012 - 2022 (MW) Chapter 6 Competitive Landscape 6.1 First Solar 6.1.1 Company Overview 6.1.2 Financial Performance 6.1.3 Product Benchmarking 6.1.4 Strategic Initiatives 6.2 SunPower 6.2.1 Company Overview 6.2.2 Financial Performance

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6.2.3 Product Benchmarking 6.2.4 Strategic Initiatives 6.3 Suniva Inc. 6.3.1 Company Overview 6.3.2 Financial Performance 6.3.3 Product Benchmarking 6.3.4 Strategic Initiatives 6.4 Tata Power Solar Systems Limited 6.4.1 Company Overview 6.4.2 Financial Performance 6.4.3 Product Benchmarking 6.4.4 Strategic Initiatives 6.5 Sharp Corporation 6.5.1 Company Overview 6.5.2 Financial Performance 6.5.3 Product Benchmarking 6.5.4 Strategic Initiatives

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6.6 Alps Technology Inc. 6.6.1 Company Overview 6.6.2 Financial Performance 6.6.3 Product Benchmarking 6.7 Borg Inc. 6.7.1 Company Overview 6.7.2 Financial Performance 6.7.3 Product Benchmarking 6.8 Pionis Energy Technologies LLC. 6.8.1 Financial Performance 6.8.2 Product Benchmarking 6.8.3 Strategic Initiatives 6.9 SolarWorld AG 6.9.1 Company Overview 6.9.2 Financial Performance 6.9.3 Product Benchmarking 6.9.4 Strategic Initiatives

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6.10 Zebra Energy 6.10.1 Company Overview 6.10.2 Financial Performance 6.10.3 Product Benchmarking 6.11 GreenBrilliance 6.11.1 Company Overview 6.11.2 Financial Performance 6.11.3 Product Benchmarking 6.11.4 Strategic Initiatives 6.12 Itek Energy 6.12.1 Company Overview 6.12.2 Financial performance 6.12.3 Product Benchmarking 6.12.4 Strategic Initiatives 6.13 Trina Solar Limited 6.13.1 Company Overview 6.13.2 Financial performance

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6.13.3 Product Benchmarking 6.13.4 Strategic Initiatives 6.14 Canadian Solar Inc. 6.14.1 Company Overview 6.14.2 Financial performance 6.14.3 Product Benchmarking 6.14.4 Strategic initiatives 6.15 JinkoSolar Holding Co. Ltd. 6.15.1 Company Overview 6.15.2 Financial Performance 6.15.3 Product Benchmarking 6.15.4 Strategic Initiatives

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About Grand View Research, Inc.: Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc Phone: 1-415- 349-0058 Toll Free: 1-888- 202-9519 Email: sales@grandviewresearch.com Web – http://www.grandviewresearch.com/

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