Photovoltaic Materials Market

Definition: Global Photovoltaic Materials

Photovoltaics can be defined as the process of conversion of light into electricity with the help of semiconductor materials present in the photovoltaic cells that are present in the solar panels.
These panels are required for the utilization of solar energy and these panels can be mounted on a number of surfaces as per the availability of space.
The materials included in the production of these solar cells in the panels can be defined as photovoltaic materials.
Market Drivers:
  • Concerns regarding the environment and clean energy awareness are few of the factors that are expected to drive the market growth.
  • Government initiatives and programs to promote renewable energy and its market share in the company is also expected to drive the market growth.
Market Restraints:
  • High cost and requirements of a number of other resources for the installation of solar cells is expected to act as a restraint to the market growth.
  • High set-up cost and entry barriers for the manufacturers is also expected to restrain the market growth.

Analysis: Global Photovoltaic Materials

Global Photovoltaic Materials is expected to rise from its initial estimated value of USD 17.41 billion in 2018 to an estimated value of USD 40.55 billion by 2026, registering a CAGR of 11.15% in the forecast period of 2019-2026.
This rise in market value can be attributed to the rising awareness regarding clean energy and initiatives taken by the government for renewable energy sources.

Segmentation: Photovoltaic Materials

  • By Materials
  • Product
  • By Application
  • By Geography

Competitive Analysis: Global Photovoltaic Materials

  • new product launches
  • expansions
  • agreements
  • joint ventures
  • partnerships
  • acquisitions
  • and others to increase their footprints in this market.
The report includes market shares of photovoltaic materials market for :
  • global
  • Europe
  • North America
  • Asia Pacific
  • South America
  • Middle East & Africa.

Key Competitors:  Photovoltaic Materials

  • Kaneka Corporation
  • KYOCERA Corporation
  • Mitsubishi Electric Corporation
  • DuPont
  • American Elements
  • 1366 Technologies
  • Merck KGaA
  • Honeywell International Inc.
  • Coveme
  • Targray
  • Novaled GmbH 
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