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

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Global Solar Cells Market to hit 100bn by 2024
Fractovia.org
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Key Insights of Solar Cells Market

• Solar Cells Market size is likely to exceed USD
  100 billion by 2024 driven by growing demand for
  clean fuel electricity. Solar cells market is all
  set to witness a spectacular growth over the
  years ahead with the evolving demand for
  sustainable energy sources globally. The
  increasing government initiatives to promote
  renewable energy resources coupled with the
  concerns about negative environmental impact via
  the conventional sources will propel the solar
  cells industry growth over the coming years.
  According to Global Market Insights, Inc. Global
  Solar Cells market size worth USD 35 billion in
  2015 is set to record an appreciable growth rate
  of 12 over the period of 2016-2024.
• Monocrystalline, polycrystalline, and thin film
  PV cells are the basic three products In addition
  to the aforementioned factors, the increasing
  electricity demand is another vital driver for
  the solar cells industry. Estimates suggest that
  nearly 1 billion global population are deprived
  of reliable power supply resources, which is
  creating a huge growth ground for the solar cells
  market. The government worldwide is also actively
  participating to address the rising electricity
  demand. For instance, Government of India has
  approved a budget of Rs. 50 billion under NSM
  (National Solar Mission) for setting up Grid
  Connected Rooftop Systems (4.25 GW) in the
  country. South Africa, which is a major region
  facing lack of reliable electricity sources is
  set to register a CAGR of 12 over the period of
  2016-2024.

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Continued

• Also, with the technological advancements, the
  product cost has also reduced significantly,
  which is in turn favoring its demand globally.
  The developing countries are estimated to witness
  a huge adoption of these systems, owing to the
  growing demand for decentralized generation
  systems across these regions. In response to this
  fact, off-grid solar systems market is projected
  to witness a notable surge with a capacity target
  of 45 GW by 2024.
• Solar cells market is accumulating a substantial
  share through its increasing applications across
  the residential, commercial, and utility sectors.
  Chile, where the execution of huge commercial and
  utility projects is on a peak, is estimated to
  contribute noticeably toward global solar cells
  market revenue, with a projected revenue of USD
  700 million by 2024.
• The global awareness toward reducing carbon
  footprints and adoption of renewable energy
  sources will lead to a rapid growth in Europe
  U.S. solar cells industry. As per the report,
  Europe solar cells market is forecast to record a
  CAGR of 17 over 2016-2024.
• The global expansion of the solar cells industry
  will undoubtedly increase over the coming years
  with the depleting conventional resources and
  rising power supply demands. Key participants
  include Mitsubishi Electric Corporation, Jinko
  Solar, Trina Solar, First Solar, Moser Baer India
  Ltd, etc.

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

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Table of Contents
Chapter 1 Methodology Scope 1.1
Research Methodology 1.1.1 Initial data
exploration 1.1.2 Statistical model and
forecast 1.1.3 Industry insights and
validation 1.1.4 Research scope and
assumptions 1.2 Data Sources 1.2.1.
Primary 1.2.2. Secondary Chapter 2
Executive Summary 2.1 Solar cell industry
3600 synopsis, 2013 - 2024 2.1.1 Current
business environment 2.1.2 Technology
trends 2.1.3 Product trends 2.1.4 Grid
trends 2.1.5 Application trends 2.1.6
Regional trends
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Continued
Chapter 3 Solar cells Industry Insights 3.1
Industry segmentation 3.2 Industry Size and
forecast, 2013 2024 3.3 Industry ecosystem
analysis 3.4 Vendor landscape 3.5
Innovation sustainability 3.6 Regulatory
framework 3.6.1 U.S. 3.6.2 India 3.6.3
Europe 3.6.4 China
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Continued
3.7 Price trend analysis 3.7.1 Cost
structure 3.8 Industry Impact forces 3.8.1
Growth drivers 3.8.1.1 Growing demand for
clean fuel electricity 3.8.1.2 Decreasing solar
component price 3.8.1.3 Favorable government
initiatives 3.8.1.4 Strict government norms
towards emission 3.8.2 Industry pitfalls
challenges 3.8.2.2 Lack of awareness 3.9
Growth potential analysis 3.10 Porters
analysis 3.11 Competitive landscape, 2015 3.12
PESTEL analysis
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