Solar Cell Market Size, Industry Share, Price Trends, Capacity Forecasts to 2022

Hexa Reports

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Solar Cell Industry Share and Size, Market Analysis, Trends

and Growth, End-use And Segment Forecasts To 2022

Global solar cell market is expected to reach 1,087.5 GW by 2022, according to a new report by Grand

View Research, Inc. Growing demand for clean and reliable energy source coupled with supportive

regulations by various countries in the form of incentives and feed-in-tariffs (FIT) is expected to propel

demand over the forecast period.

Growing need of electricity owing to rapid industrialization coupled with increasing infrastructure

developments particularly in developing economies is expected to fuel solar cell market over the next

seven years. In addition, increase in R&D investments related to increasing performance efficiency of

solar cells as well as reducing system cost by manufacturers is likely to have positive impact towards

growth.

Browse Detail Report With TOC @ http://www.hexareports.com/report/solar-cell-market/details

Further key findings from the report suggest:

Monocrystalline silicon wafer market was over 57 GW in 2014. Increasing demand for the product

particularly in developed economies such as North America promise abundant growth opportunities for

industry participants. Various properties offered by monocrystalline solar cells including compact design,

high efficiency and durability is expected to have positive impact on growth.

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In Asia Pacific, supporting government policies and programs offered by various countries including

India, Indonesia, Japan and China is expected to have positive impact on solar cell market over the next

seven years. Asia Pacific has been a key market for multicrystalline solar cell and this trend is expected

to continue over the forecast period. Rising consumer awareness related to cost effectiveness of

multicrystalline solar cells for residential and commercial...