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Crystalline silicon PV is made of highly pure silicon wafers that are further used to convert the solar energy into electrical energy. Crystalline silicon (c-Si) is one of the most widely used semiconductor material in photovoltaic (PV) technology to manufacture solar cells. c-Si occupies more than 90% of the total PV market revenue owing to its several benefits such as improved efficiency.
The world crystalline silicon PV market is driven by heightened demand of renewable energy and increase in electricity demand, which is further supported by the rise in population globally. Limited availability of fossil fuels and strict government regulations on carbon emission create the strong need for efficient and cost-effective renewable energy sources such as solar energy. Crystalline silicon solar cells are highly efficient as compared to its rival technologies, for instance, amorphous silicon and non-silicon solar cells. However, high initial investment and reduced efficiency of crystalline silicon at very high temperatures restrain the market growth. Technological advancements in the field of solar cells to increase efficiency and rise in government spending on renewable energy projects are expected to provide growth opportunities in the market.
Market Analysis and Insights: Global Crystalline Silicon PV Market
The global Crystalline Silicon PV market was valued at US$ 52060 in 2020 and will reach US$ 105540 million by the end of 2027, growing at a CAGR of 12.5% during 2022-2027.
Global Crystalline Silicon PV Scope and Market Size
The global Crystalline Silicon PV market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Crystalline Silicon PV market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2027.
Segment by Type
Mono-Crystalline
Multi-Crystalline
Segment by Application
Utility-Scale
Commercial
Residential
The Crystalline Silicon PV market is analysed and market size information is provided by regions (countries). Segment by Application, the Crystalline Silicon PV market is segmented into North America, Europe, China, Japan, Southeast Asia, India and Other Regions.
By Company
Hanwha Q CELLS
SolarWorld AG
JA Solar Holdings
Yingly Solar
Sharp Corporation
Jinko Solar
Canadian Solar
China Sunergy
Trina Solar Limited
SunPower Corporation
The world crystalline silicon PV market is driven by heightened demand of renewable energy and increase in electricity demand, which is further supported by the rise in population globally. Limited availability of fossil fuels and strict government regulations on carbon emission create the strong need for efficient and cost-effective renewable energy sources such as solar energy. Crystalline silicon solar cells are highly efficient as compared to its rival technologies, for instance, amorphous silicon and non-silicon solar cells. However, high initial investment and reduced efficiency of crystalline silicon at very high temperatures restrain the market growth. Technological advancements in the field of solar cells to increase efficiency and rise in government spending on renewable energy projects are expected to provide growth opportunities in the market.
Market Analysis and Insights: Global Crystalline Silicon PV Market
The global Crystalline Silicon PV market was valued at US$ 52060 in 2020 and will reach US$ 105540 million by the end of 2027, growing at a CAGR of 12.5% during 2022-2027.
Global Crystalline Silicon PV Scope and Market Size
The global Crystalline Silicon PV market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Crystalline Silicon PV market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2027.
Segment by Type
Mono-Crystalline
Multi-Crystalline
Segment by Application
Utility-Scale
Commercial
Residential
The Crystalline Silicon PV market is analysed and market size information is provided by regions (countries). Segment by Application, the Crystalline Silicon PV market is segmented into North America, Europe, China, Japan, Southeast Asia, India and Other Regions.
By Company
Hanwha Q CELLS
SolarWorld AG
JA Solar Holdings
Yingly Solar
Sharp Corporation
Jinko Solar
Canadian Solar
China Sunergy
Trina Solar Limited
SunPower Corporation
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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- By Technology
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The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
