Photovoltaic Materials market research report helps you staying informed about the trends and opportunities in the industry very easily and quickly by saving a lot of time. The Photovoltaic Materials report comprises of reviews about key players in the market, major collaborations, merger and acquisitions. The purpose of this Photovoltaic Materials market research report is to endow you with an absolute insights and awareness of the greatest market opportunities into the applicable markets. SWOT analysis and Porter’s Five Forces analysis are preferred by the businesses due to their potential in generating market research report.
Photovoltaics can be defined as the process of conversion of light into electricity with the help of semiconductor materials present in the photovoltaic cells that are present in the solar panels. These panels are required for the utilization of solar energy and these panels can be mounted on a number of surfaces as per the availability of space. The materials included in the production of these solar cells in the panels can be defined as photovoltaic materials.Strategies of Key Players are profiled in this Report are Kaneka Corporation, KYOCERA Corporation, Mitsubishi Electric Corporation, DuPont, American Elements, 1366 Technologies, Merck KGaA, Honeywell International Inc., Coveme, Targray, Novaled GmbH, Ferrotec (USA) Corporation, HANGZHOU FIRST APPLIED MATERIAL CO.LTD., Wacker Chemie AG, ARMOR
Global Photovoltaic Materials Market is expected to rise from its initial estimated value of USD 17.41 billion in 2018 to an estimated value of USD 40.55 billion by 2026, registering a CAGR of 11.15% in the forecast period of 2019-2026.
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Global photovoltaic materials market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of photovoltaic materials market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa. Few of the major competitors currently working in the photovoltaic materials market are Tata Power Solar Systems Ltd., Vikram Solar Limited, Conergy, Panasonic Corporation, SHARP CORPORATION, First Solar, Trina Solar, Jinko Solar, Jingao Solar Holdings Co. Ltd., Hanwha Q CELLS, Renesola, Yingli Solar, Duke Energy Corporation, Shunfeng International Clean Energy Limited, and RISEN ENERGY CO. LTD.
- Concerns regarding the environment and clean energy awareness are few of the factors that are expected to drive the market growth
- Government initiatives and programs to promote renewable energy and its market share in the company is also expected to drive the market growth
- High cost and requirements of a number of other resources for the installation of solar cells is expected to act as a restraint to the market growth
- High set-up cost and entry barriers for the manufacturers is also expected to restrain the market growth
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Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key market players involved in this industry
- Detailed analysis of the market segmentation
- Competitive analysis of the key players involved
Key focus of the report
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward-looking perspective on different factors driving or restraining market growth
- It provides five-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
- By Materials
- Polycrystalline Silicon
- Monocrystalline Silicon
- Copper Indium Gallium Selenide (CIGS)
- Cadmium Telluride
- Front Sheet
- Back Sheet
- By Application
Key Developments in the Market:
- In May 2018, Vikram Solar Limited announced the establishment and inauguration of a corporate office in Gurugram, Haryana, India. This expansion is aimed at expanding the customer base and expanding its customer share in the northern part of India.
- In December 2017, Duke Energy Corporation announced that they had completed the acquisition of REC Solar, with the acquisition enabling the companies to better serve the customer base and expand their market share due to the expertise of both the companies in the renewable energy business.
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