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Solar Cells Market Share

  • Report ID: GMI304
  • Published Date: Mar 2022
  • Report Format: PDF

Solar Cells Market Share

Key companies operating in the market include

  • Panasonic Corporation
  • JINERGY
  • Hevel
  • ReneSola
  • United Renewable Energy, LLC
  • SunPower Corporation
  • Risen Solar
  • Trina Solar
  • Jinko Solar
     

Major participants are engaged in increased R&D activities to develop innovative technologies and attain an economy of scale to enhance their market share. These leaders are also adopting strategic collaborations, acquisitions, agreements, and joint ventures to expand their reach & serve a bigger customer base, which will favor the industry expansion over the years. Furthermore, the major market shareholders are also engaged in forward and backward integration with after-sale service providers and raw material suppliers to further influence their presence in the market, thereby stimulating demand growth across the market.

Authors: Ankit Gupta, Riya Gupta

Frequently Asked Questions (FAQ) :

The market size of solar cells was reached USD 50.2 billion in 2023 and is expected to grow at a CAGR of 4.6% between 2024 and 2032, driven by promising government incentives like tariffs, auctions, and tax exemptions.

BSF product segment surpassed USD 4 billion in 2021 and will depict considerable growth owing to the increasing R&D investments by major market players.

North America solar cells market is estimated to cross USD 1 billion until 2028 considering the increasing energy demand and growing government efforts for the deployment of more renewable sources in their energy mix.

Leading companies in the solar cells industry comprise Panasonic Corporation, JINERGY, Hevel, ReneSola, United Renewable Energy, LLC, SunPower Corporation, Risen Solar, Trina Solar, and Jinko Solar.

Solar Cells Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 22
  • Tables & Figures: 408
  • Countries covered: 11
  • Pages: 315
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