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Find Out the Growth Factors of Solar Cells and Modules Market, Globally During 2019-2024

Market Research Report on Solar Cells and Modules Market is a professional and in-depth research report. The Report include basic information like definitions, classifications, applications and industry chain overview, industry policies and plans, product specifications, manufacturing processes, cost structures and so on.

Global Solar Cells and Modules Market is valued approximately USD 42,100 million in 2018 and is anticipated to grow with a healthy growth rate of more than 2.0% over the forecast period 2019-2026. Solar Cell is a device made from crystalline silicon or thin film that converts sunlight into electricity by a process known as the photovoltaic effect. There are two key indicators for solar cells: one is cell conversion efficiency, and the other is cell thickness. Solar modules use light energy (photons) from the sun to generate electricity through the photovoltaic effect. The majority of modules use wafer-based crystalline silicon cells or thin-film cells based on cadmium telluride or silicon. The structural (load carrying) member of a module can either be the top layer or the back layer. Cells must also be protected from mechanical damage and moisture. Most solar modules are rigid, but semi-flexible ones are available, based on thin-film cells.

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surging adoptionand utility of solar cells in residential & commercial sectors is one of the major factors responsible for high CAGR of the market. Low cost of solar cell as compared to other substitutes offers growth opportunities. Also, enhancing investments by both the private and government organizations towards development of solar cells is contributing towards growth of global Solar Cells and Modules market. Further, Solar Cells and Modules offers several benefits such as truly renewable energy source, reduces electricity bills and low maintenance costs that regulates their demand across various regions. However, lack of awareness among people and high cost associated with this devices are the factors anticipated to hamper the market growth during the forecast period.

Major market player included in this report are:

  • Hanwha
  • First Solar
  • SunPower
  • Sharp
  • SolarWorld

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

  • Single Crystal Silicon
  • Polycrystalline Silicon
  • Others

By Application:

  • Residential
  • Commercial
  • Ground Station
  • Others

By Regions: North America, U.S., Canada, Europe, UK, Germany, Asia Pacific, China, India, Japan, Latin America, Brazil, Mexico, Rest of the World and More

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Sumedh Raj

Sumedh is a content marketing coordinator and social media manager for The Innovative Reports and Market Research Analyst. Sumedh holds a Bachelor's Degree in Communications and Public Relations from University of Pune and offers many years of experience in various forms of writing. Some of her favorite hobbies include exploring new music, creative writing and spending time with his dogs.

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