Global Crystalline Silicon PV Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2024

Published - Apr 2019 | Category - Energy and Power | No. of Pages - 141 | Published By - EMR


The Global Crystalline Silicon PV Market is expected to witness a augmenting CAGR of 21.84% and is projected to reach USD 182.4 billion by 2024.

Increasing concern towards the effect of greenhouse gasses and carbon emissions on the environment, decrease in solar PV cost due to increase in production & technological advancements, and government policy framework supporting transition towards solar energy adoption is expected to drive the crystalline silicon PV market over the forecast period. Furthermore, increased investments in R&D by major PV companies are likely to give impetus to the market in the coming years.

Wafer based c-Si photovoltaic technology can be bifurcated into monocrystalline and polycrystalline based solar panels. Monocrystalline silicon-based panels have been the most readily available and oldest technology for solar cells in the past but were considered to be slightly more efficient than polycrystalline. However, due to high cost of monocrystalline silicon, the market is shifting towards adoption of relatively more economic polycrystalline silicon PV.

Global Crystalline Silicon PV Market Major Key Players:
Suntech Power Holdings Co.Ltd.
Canadian Solar
SunPower Corporation
Siemens AG
Tata Power Solar Systems Ltd.
Integrated Solar Technology, LLC
Abengoa Solar
CertainTeed
Yingli Solar
Jinko Solar

 


 

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