Photovoltaic Materials Market Analysis of Top Players, Share, Growth and ForecasPosted by Market Research Future on February 11th, 2019 Photovoltaic Materials Market–Market Overview Globally, photovoltaic materials market was valued at USD 15 billion in 2016 and is likely to reach USD 25 billion in 2022, expanding at CAGR of 8% between 2016 and 2022. This is attributed to the growing concerns regarding depleting natural resource and increasing carbon footprint has driven the innovation in the field of green energy. On the backdrop of increasing pollution resulted from overutilization of non-renewable energy sources the need for green source of energy is strongly felt by the world. In addition to this, with rapid industrialization, emerging economies in Asia Pacific, Latin America, and Africa are craving for energy. Moreover, Paris Agreement, Marrakesh Treaty, and other climate pacts are propelling the countries to adopt greener energy solutions. 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. Get Sample Copy@ https://www.marketresearchfuture.com/sample_request/2357 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.
Segmentation
In Market Research Future (MRFR) report, the global photovoltaic materials market is segmented on the basis of type and end-user. Based on type, it is segmented into crystalline and thin films. Of these, the crystalline materials segment has a major market share owing to its easy manufacturing process and abundance of raw materials. Based on end-user, the photovoltaic materials market is segmented into residential, commercial, and utility. Residential application includes water heaters, batteries and chargers, pool heaters and attic fans. The key installations in the non-residential application were observed in offices, hotels and hospitals. Utility is further segmented into industrial projects, military, space and defense and power plant.
Regional Analysis
Based on region, the global photovoltaic materials market covers the current trends and growth opportunities across North America, Europe, Asia Pacific and Rest of the World (RoW). Of these, Asia Pacific has the largest market share and is anticipated to grow at an incredible rate due to the presence of prominent industry players and also increase in population. The UK and Germany are expected to be the chief contributing countries in the Europe photovoltaic materials market owing to government support and policies associated to renewable energy sources. On the other hand, North America is anticipated to grow at an alluring rate, Canada and the US are projected to capture a big share due to government influence and industrial growth in the region. Moreover, government subsidies and high electricity is likely to positively drive the photovoltaic materials market in Middle East & Africa (MEA).
Intended Audience
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