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Solar Cells Market: Current Analysis and Forecast (2021-2027)

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Copy Option: No
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Deliverable Format : PDF viewable on the website via username

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Details

Solar panels collect clean renewable energy from sunlight and convert that into electricity which is used to power electrical loads. Solar panels are made from several combined solar cells with layers of silicon, phosphorus (negative charge) and boron (positive charge). Solar panels initiate the electric current by absorbing photons which knocks of electrons front their atomic orbits and form an electric field which then pull these free electrons into a directional current. This entire process is known as the photovoltaic effect. Solar panels placed on a house roof transfer all the electricity into the main power grid which can be stored and used at night.

In a well-balanced grid, power is generated by solar panels during the day which is stored and then can be utilized at night. In some countries, additional power generated by solar panel owners at home can sell it to the electricity producers. In the off grid solar systems, charge controller, battery bank, and an inverter are the needed components. Direct current from the solar array is sent through the charge controller to the battery bank in these cases. The power is then drawn from the battery bank into the invertor, which converts DC to AC which can be used for non-DC appliances.

Based on Technology, the Solar Cells market is segmented into Photovoltaic Systems and Concentrated Solar Power Systems. Amongst technology, the Photovoltaic Systems segment of the Solar Cells market was valued at USD XX billion in 2020 and is likely to reach USD XX billion by 2027 and is growing at a CAGR of XX% from 2021-2027.

Based on Solar Module, the Solar Cells market is segmented into Monocrystalline, Polycrystalline, Cadmium Telluride, Amorphous Silicon Cells, and Others. Amongst Solar Module, Monocrystalline segment accounted for a market valuation of USD XX billion in 2020 and is expected to reach USD XX billion by the year 2027, at a CAGR of XX% over the analysed period.

Based on Application, the Solar Cells market is segmented into Residential, Commercial, Industrial, and Others. The industrial segment generated revenue of USD XX billion in 2020 and is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of USD XX billion by 2027F.

Based on End-User, the Solar Cells market is segmented into Electricity Generation, Lighting, Heating, and Charging. Amongst end-user, the Electricity Generation segment of the Solar Cells market was valued at USD XX billion in 2020 and is likely to reach USD XX billion by 2027 and is growing at a CAGR of XX% from 2021-2027.

For a better understanding of the market adoption of Solar Cells Industry, the market is analysed based on its worldwide presence in the countries such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Asia-Pacific will dominate the Solar Cells market on account of increasing efficiency and decreasing cost of solar cells.

Some of the major players operating in the market include Abengoa Se, Acciona S.A., Canadian Solar, Inc., Esolar, Inc., United Renewable Energy Co. Ltd., Sunpower Corporation, Kaneka Corporation, Tata Power Solar Systems Ltd., Wuxi Suntech Power Co., Ltd., and Brightsource Energy, Inc. Several M&As along with partnerships have been undertaken by these players to boost their presence in different regions.

Solar Cells Market was valued at USD XX billion in 2020 and is projected to expand significantly with a CAGR of XX% from 2021-2027F to USD XX billion in 2027. The Solar Cells Market is expected to witness a boost on account of its high adoption in the Asia-Pacific region.

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Table Of Content

Scope

1 MARKET INTRODUCTION

1.1. Market Definitions

1.2. Objective of the Study

1.3. Limitation

1.4. Stake Holders

1.5. Currency Used in Report

1.6. Scope of the Solar Cells Market Study

2 RESEARCH METHODOLOGY OR ASSUMPTION

2.1. Research Methodology for the Solar Cells Market

2.1.1. Main Objective of the Solar Cells Market

3 MARKET SYNOPSIS (INDUSTRY AT A GLANCE)

4 EXECUTIVE SUMMARY

5 SOLAR CELLS MARKET REVENUE (USD BN), 2021-2027F

6 COVID-19 IMPACT

7 MARKET INSIGHTS BY TECHNOLOGY

7.1. Photovoltaic Systems

7.2. Concentrated Solar Power Systems

8 MARKET INSIGHTS BY SOLAR MODULE

8.1. Monocrystalline

8.2. Polycrystalline

8.3. Cadmium Telluride

8.4. Amorphous Silicon Cells

8.5. Others

9 MARKET INSIGHTS BY APPLICATION

9.1. Residential

9.2. Commercial

9.3. Industrial

9.4. Others

10 MARKET INSIGHTS BY END-USER

10.1. Electricity Generation

10.2. Lighting

10.3. Heating

10.4. Charging

11 MARKET INSIGHTS BY REGION

11.1. NORTH AMERICA SOLAR CELLS MARKET

11.1.1. United States of America

11.1.2. Canada

11.1.3. Rest of North America

11.2. EUROPE SOLAR CELLS MARKET

11.2.1. United Kingdom

11.2.2. Germany

11.2.3. France

11.2.4. Spain

11.2.5. Italy

11.2.6. Rest of Europe

11.3. ASIA-PACIFIC SOLAR CELLS MARKET

11.3.1. China

11.3.2. Japan

11.3.3. India

11.3.4. Australia

11.3.5. Rest of Asia-Pacific

11.4. REST OF THE WORLD SOLAR CELLS MARKET

12 SOLAR CELLS MARKET DYNAMICS

12.1. Drivers

12.2. Challenges

12.3. Impact Analysis

13 SOLAR CELLS MARKET OPPORTUNITIES

14 SOLAR CELLS MARKET TRENDS

15 DEMAND AND SUPPLY SIDE ANALYSIS

15.1. Demand Side Analysis

15.2. Supply Side Analysis

15.2.1. Top Product Launches

15.2.2. Top Business Partnerships

15.2.3. Top Business Expansions, Investments and Divestitures

15.2.4. Top Merger and Acquisitions

16 VALUE CHAIN ANALYSIS

17 COMPETITIVE SCENARIO

18 COMPANY PROFILED

18.1. Abengoa Se

18.2. Acciona S.A.

18.3. Canadian Solar, Inc.

18.4. Esolar, Inc.

18.5. United Renewable Energy Co. Ltd.

18.6. Sunpower Corporation

18.7. Kaneka Corporation

18.8. Tata Power Solar Systems Ltd.

18.9. Wuxi Suntech Power Co., Ltd.

18.10. Brightsource Energy, Inc.

19 DISCLAIMER

Licence Rights

Section Purchase

To know more information on Purchase by Section, please send a mail to support@kenresearch.com

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Products and Companies


Companies

Abengoa Se

Acciona S.A.

Canadian Solar

Inc.

Esolar

Inc.

United Renewable Energy Co. Ltd.

Sunpower Corporation

Kaneka Corporation

Tata Power Solar Systems Ltd.

Wuxi Suntech Power Co.

Ltd.

and Brightsource Energy

Inc

Company Profile

Company Profile Title

Solar panels collect clean renewable energy from sunlight and convert that into electricity which is used to power electrical loads. Solar panels are made from several combined solar cells with layers of silicon, phosphorus (negative charge) and boron (positive charge). Solar panels initiate the electric current by absorbing photons which knocks of electrons front their atomic orbits and form an electric field which then pull these free electrons into a directional current. This entire process is known as the photovoltaic effect. Solar panels placed on a house roof transfer all the electricity into the main power grid which can be stored and used at night.

In a well-balanced grid, power is generated by solar panels during the day which is stored and then can be utilized at night. In some countries, additional power generated by solar panel owners at home can sell it to the electricity producers. In the off grid solar systems, charge controller, battery bank, and an inverter are the needed components. Direct current from the solar array is sent through the charge controller to the battery bank in these cases. The power is then drawn from the battery bank into the invertor, which converts DC to AC which can be used for non-DC appliances.

Based on Technology, the Solar Cells market is segmented into Photovoltaic Systems and Concentrated Solar Power Systems. Amongst technology, the Photovoltaic Systems segment of the Solar Cells market was valued at USD XX billion in 2020 and is likely to reach USD XX billion by 2027 and is growing at a CAGR of XX% from 2021-2027.

Based on Solar Module, the Solar Cells market is segmented into Monocrystalline, Polycrystalline, Cadmium Telluride, Amorphous Silicon Cells, and Others. Amongst Solar Module, Monocrystalline segment accounted for a market valuation of USD XX billion in 2020 and is expected to reach USD XX billion by the year 2027, at a CAGR of XX% over the analysed period.

Based on Application, the Solar Cells market is segmented into Residential, Commercial, Industrial, and Others. The industrial segment generated revenue of USD XX billion in 2020 and is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of USD XX billion by 2027F.

Based on End-User, the Solar Cells market is segmented into Electricity Generation, Lighting, Heating, and Charging. Amongst end-user, the Electricity Generation segment of the Solar Cells market was valued at USD XX billion in 2020 and is likely to reach USD XX billion by 2027 and is growing at a CAGR of XX% from 2021-2027.

For a better understanding of the market adoption of Solar Cells Industry, the market is analysed based on its worldwide presence in the countries such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Asia-Pacific will dominate the Solar Cells market on account of increasing efficiency and decreasing cost of solar cells.

Some of the major players operating in the market include Abengoa Se, Acciona S.A., Canadian Solar, Inc., Esolar, Inc., United Renewable Energy Co. Ltd., Sunpower Corporation, Kaneka Corporation, Tata Power Solar Systems Ltd., Wuxi Suntech Power Co., Ltd., and Brightsource Energy, Inc. Several M&As along with partnerships have been undertaken by these players to boost their presence in different regions.

Solar Cells Market was valued at USD XX billion in 2020 and is projected to expand significantly with a CAGR of XX% from 2021-2027F to USD XX billion in 2027. The Solar Cells Market is expected to witness a boost on account of its high adoption in the Asia-Pacific region.

READ MORE

Scope

1 MARKET INTRODUCTION

1.1. Market Definitions

1.2. Objective of the Study

1.3. Limitation

1.4. Stake Holders

1.5. Currency Used in Report

1.6. Scope of the Solar Cells Market Study

2 RESEARCH METHODOLOGY OR ASSUMPTION

2.1. Research Methodology for the Solar Cells Market

2.1.1. Main Objective of the Solar Cells Market

3 MARKET SYNOPSIS (INDUSTRY AT A GLANCE)

4 EXECUTIVE SUMMARY

5 SOLAR CELLS MARKET REVENUE (USD BN), 2021-2027F

6 COVID-19 IMPACT

7 MARKET INSIGHTS BY TECHNOLOGY

7.1. Photovoltaic Systems

7.2. Concentrated Solar Power Systems

8 MARKET INSIGHTS BY SOLAR MODULE

8.1. Monocrystalline

8.2. Polycrystalline

8.3. Cadmium Telluride

8.4. Amorphous Silicon Cells

8.5. Others

9 MARKET INSIGHTS BY APPLICATION

9.1. Residential

9.2. Commercial

9.3. Industrial

9.4. Others

10 MARKET INSIGHTS BY END-USER

10.1. Electricity Generation

10.2. Lighting

10.3. Heating

10.4. Charging

11 MARKET INSIGHTS BY REGION

11.1. NORTH AMERICA SOLAR CELLS MARKET

11.1.1. United States of America

11.1.2. Canada

11.1.3. Rest of North America

11.2. EUROPE SOLAR CELLS MARKET

11.2.1. United Kingdom

11.2.2. Germany

11.2.3. France

11.2.4. Spain

11.2.5. Italy

11.2.6. Rest of Europe

11.3. ASIA-PACIFIC SOLAR CELLS MARKET

11.3.1. China

11.3.2. Japan

11.3.3. India

11.3.4. Australia

11.3.5. Rest of Asia-Pacific

11.4. REST OF THE WORLD SOLAR CELLS MARKET

12 SOLAR CELLS MARKET DYNAMICS

12.1. Drivers

12.2. Challenges

12.3. Impact Analysis

13 SOLAR CELLS MARKET OPPORTUNITIES

14 SOLAR CELLS MARKET TRENDS

15 DEMAND AND SUPPLY SIDE ANALYSIS

15.1. Demand Side Analysis

15.2. Supply Side Analysis

15.2.1. Top Product Launches

15.2.2. Top Business Partnerships

15.2.3. Top Business Expansions, Investments and Divestitures

15.2.4. Top Merger and Acquisitions

16 VALUE CHAIN ANALYSIS

17 COMPETITIVE SCENARIO

18 COMPANY PROFILED

18.1. Abengoa Se

18.2. Acciona S.A.

18.3. Canadian Solar, Inc.

18.4. Esolar, Inc.

18.5. United Renewable Energy Co. Ltd.

18.6. Sunpower Corporation

18.7. Kaneka Corporation

18.8. Tata Power Solar Systems Ltd.

18.9. Wuxi Suntech Power Co., Ltd.

18.10. Brightsource Energy, Inc.

19 DISCLAIMER

To know more information on Purchase by Section, please send a mail to support@kenresearch.com

INQUIRE FOR COVID-19 IMPACT ANALYSIS


Companies

Abengoa Se

Acciona S.A.

Canadian Solar

Inc.

Esolar

Inc.

United Renewable Energy Co. Ltd.

Sunpower Corporation

Kaneka Corporation

Tata Power Solar Systems Ltd.

Wuxi Suntech Power Co.

Ltd.

and Brightsource Energy

Inc