Solar Cells Market Size Anticipated to Witness Significant Growth from 2016 to 2023

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Solar Cells Market Size is Anticipated to Witness
Significant Growth from 2016 to 2023 Global
Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
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Regional Analysis of Solar Cells Market

• U.S. and Japan solar cells market is anticipated
  to exhibit high demand for monocrystalline
  rooftop system modules. The surge in the demand
  can be attributed to the increasing fulfillment
  demands for higher output per construction area.
  As of 2014, total roof top installations in U.S.
  as well as Japan surpassed 10 GW and it is likely
  to reach 11 GW over the several forthcoming
  years.
• China solar cells market is estimated to posses
  more than 70 of the multi crystalline module.
  The spur in the region can be subjected to rising
  initiatives for promoting multi crystalline
  modules so as to consume their own cell
  production capacities that are expected to
  account for 55 of the overall capacity.

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Application Analysis of Solar Cells Market

• Increasing dependence on unconventional energy
  accompanied by rising adverse environmental
  impacts from fuel based power plants is expected
  to drive industry demand over the forecast
  period. In addition, rapid technological
  awareness might substantially impact industry
  growth.
• Monocrystalline technology is likely to gain
  relatively higher solar cells market share over
  the several coming years. The relativity between
  the two can be addressed to the rising demand for
  more efficient as well as cost effective
  technology.
• The technology is expected to exhibit more
  efficient nature when compared to other
  technologies and will gain high industry share.

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Competitive Market Share of Solar Cells Market

• Key industry participants occupying major solar
  cells market share include Neo Solar Power (NSP),
  Gintech, Longi, Comtec, Zhonghuan, Solargiga and
  Jinglong among others.
• Industry participants such as Zhonghuan, Longi,
  Jinglong, Solargiga and Comtec were estimated to
  account for more than 85 of the overall
  monocrystalline wafer production in 2013.

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