Precision Business Insights has published a report on the global solar cell market, estimating its value at USD 132.9 billion in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 13.7% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/solar-cell-market
The Solar Cell Market refers to the global industry that develops, manufactures, and deploys solar cells, which convert sunlight directly into energy via the photovoltaic effect. This market covers a variety of technologies, including monocrystalline, polycrystalline, thin-film, and developing high-efficiency cells, which are used in residential, commercial, and utility applications.
Drivers:
- Rising Global Energy Demand
- Increasing public and corporate commitment to carbon neutrality.
The global solar cell market segmentation:
1) By type: Monocrystalline Silicon Cells, Polycrystalline Silicon Cells, Thin-Film Solar Cells, Others
2) By Installation: Rooftop Solar, Utility-Scale Solar Farms, Building-Integrated Photovoltaics, Others
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Regional Overview:
The report also examines the current concerns and their Future Effects on the solar cell market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the solar cell market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.
- North America (U.S., Canada)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
- Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
- Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
The competitive landscape is dominated by major players like JinkoSolar, JA Solar, LONGi Green Energy, Trina Solar, Canadian Solar, Tongwei Solar, Astronergy (CHINT), TCL Zhonghuan, First Solar, Hanwha Q CELLS
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