Photovoltaic Materials Market–Market Overview
Globally, the market for photovoltaic materials is growing at a CAGR of 8% during forecasted period (2016-2022). Photovoltaic it converts sunlight into electricity. It offers a practical and sustainable solution to the increasing globally energy demand.
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The PV cells are made of semiconductor materials. The major types of materials are crystalline and thin films, which vary from each other in terms of light absorption efficiency, energy conversion efficiency, manufacturing technology and cost of production. Rising concern of emission of CO2 and sustainable energy production can only be expected if the cost can be considerably reduced as well as use of renewable energy source will aid the market growth for the forecasted period. Additionally, with rising awareness about green trends, the future will lie in technologies that offer enhanced energy-efficient solutions at a low cost. Manufacturers who offer products with optimum performance while remaining price-orientated will be poised to gain substantial market share.
However, the market will be effected due to PV materials as they are most expensive form of renewable energy today, the feedstock problem and technologically limitations of crystalline cells. Owing to this the market will be hindered for the forecasted period.
Study Objectives of Photovoltaic Materials Market
Key Players
The key players in market includes DuPont, Bandgap, Engineering 1366 Technologies, Natcore, Targray, SolarBuyer, Polyrise, Ferrotec, Applied Materials, Sinovia Technologies, Cencorp and others.
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Geographic Analysis
The report covers brief analysis of geographical region includes
North America
Europe
APAC
RoW
Intended Audience
Key Points from Table of Content:
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