Solar Cell Market Analysis By Product (Silicon Wafer, Monocrystalline, Multicrystalline, Cadmium Telluride, Copper Indium Galium Selenide, Amorphous silica), And Segment Forecasts To 2022

Published: Jan, 2016 | Pages: 81 | Publisher: Grand View Research
Industry: Energy | Report Format: Electronic (PDF)

Global solar cell market is expected to reach 1,087.5 GW by 2022, according to a new report by Grand View Research, Inc. Growing demand for clean and reliable energy source coupled with supportive regulations by various countries in the form of incentives and feed-in-tariffs (FIT) is expected to propel demand over the forecast period.

Growing need of electricity owing to rapid industrialization coupled with increasing infrastructure developments particularly in developing economies is expected to fuel solar cell market over the next seven years. In addition, increase in R&D investments related to increasing performance efficiency of solar cells as well as reducing system cost by manufacturers is likely to have positive impact towards growth.

Further key findings from the report suggest:

Monocrystalline silicon wafer market was over 57 GW in 2014. Increasing demand for the product particularly in developed economies such as North America promise abundant growth opportunities for industry participants. Various properties offered by monocrystalline solar cells including compact design, high efficiency and durability is expected to have positive impact on growth.

In Asia Pacific, supporting government policies and programs offered by various countries including India, Indonesia, Japan and China is expected to have positive impact on solar cell market over the next seven years. Asia Pacific has been a key market for multicrystalline solar cell and this trend is expected to continue over the forecast period. Rising consumer awareness related to cost effectiveness of multicrystalline solar cells for residential and commercial applications in this region is expected to propel demand.

MEA solar cell market is primarily driven by growing demand from UAE. Cost benefits along with reliability offered by solar systems are expected to propel solar cell demand over the next seven years. Growing demand for CIGS in building photovoltaics which offer high flexibility improved aesthetic appearance is expected to drive thin film solar cell market over the forecast period.

Solar PV manufacturers are gradually shifting their focus from multicrystalline to monocrystalline in order to capitalize on the technological advantages. R&D related to incorporation of magnetic nanoparticles in solar cell manufacturing to enhance its performance is expected open new avenues over the next seven years

 Table of Contents
s

Chapter 1 Research Methodology
                   1.1 Research Methodology
                   1.2 Research Scope & Assumptions
                   1.3 List of Data Sources
Chapter 2 Executive Summary
Chapter 3 Solar Cell Industry Outlook
                   3.1 Solar cell market segmentation
                   3.2 Solar cell market size and growth prospects, 2012 - 2022
                   3.3 Solar cell value chain analysis
                      3.3.1 Vendor landscape
                   3.4 Raw material outlook
                   3.5 Technology overview
                      3.5.1 Crystalline silicon manufacturing technology
                           3.5.1.1 Monocrystalline technology
                           3.5.1.2 Polycrystalline Technology
                      3.5.2 Thin-film manufacturing
                   3.6 Regulatory framework
                   3.7 Solar cell market dynamics
                      3.7.1 Market driver analysis
                           3.7.1.1 Increasing Solar PV installations
                           3.7.1.2 Favorable regulatory scenario
                           3.7.1.3 Technology innovations
                      3.7.2 Market restraint analysis
                           3.7.2.1 Environmental hazards associated with manufacturing process
                           3.7.2.2 Low performance efficiency
                   3.8 Solar cell key opportunities prioritized
                   3.9 Solar cell Porter's analysis
                   3.10 Solar cell competitive scenario, 2014
                   3.11 Solar cell PESTEL analysis
                   3.12 Impact of Paris climate summit on solar cell market
Chapter 4 Solar Cell Product Outlook
                   4.1 Global solar cell market share by installed capacity, 2014& 2022
                   4.2 Silicon wafers
                      4.2.1 Market estimates and forecast in solar cell, 2012 - 2022 (MW)
                      4.2.2 Market estimates and forecast in solar cell, by region, 2012 - 2022 (MW)
                      4.2.3 Monocrystalline silicon wafer
                           4.2.3.1 Market estimates and forecast in solar cell, 2012 - 2022 (MW)
                           4.2.3.2 Market estimates and forecast in solar cell, by region, 2012 - 2022 (MW)
                      4.2.4 Multicrystalline silicon wafer
                           4.2.4.1 Market estimates and forecast in solar cell, 2012 - 2022 (MW)
                           4.2.4.2 Market estimates and forecast in solar cell, by region, 2012 - 2022 (MW)
                   4.3 Thin film
                      4.3.1 Market estimates and forecast in solar cell, 2012 - 2022 (MW)
                      4.3.2 Market estimates and forecast in solar cell, by region, 2012 - 2022 (MW)
                      4.3.3 Cadmium Telluride
                           4.3.3.1 Market estimates and forecast in solar cell, 2012 - 2022 (MW)
                           4.3.3.2 Market estimates and forecast in solar cell, by region, 2012 - 2022 (MW)
                      4.3.4 Amorphous Silica
                           4.3.4.1 Market estimates and forecast in solar cell, 2012 - 2022 (MW)
                           4.3.4.2 Market estimates and forecast in solar cell, by region, 2012 - 2022 (MW)
                      4.3.5 Copper Indium Gallium Selenide
                           4.3.5.1 Market estimates and forecast in solar cell, 2012 - 2022 (MW)
                           4.3.5.2 Market estimates and forecast in solar cell, by region, 2012 - 2022 (MW)
Chapter 5 Solar Cell Regional Outlook
                   5.1 Global solar cell market share by region, 2014 & 2022
                   5.2 North America
                      5.2.1 Market estimates and forecast, 2012 - 2022 (MW)
                      5.2.2 Market estimates and forecast, by product, 2012 - 2022 (MW)
                      5.2.3 U.S.
                           5.2.3.1 Market estimates and forecast, 2012 - 2022 (MW)
                           5.2.3.2 Market estimates and forecast, by product, 2012 - 2022 (MW)
                   5.3 Europe
                      5.3.1 Market estimates and forecast, 2012 - 2022 (MW)
                      5.3.2 Market estimates and forecast, by product, 2012 - 2022 (MW)
                      5.3.3 Germany
                           5.3.3.1 Market estimates and forecast, 2012 - 2022 (MW)
                           5.3.3.2 Market estimates and forecast, by product, 2012 - 2022 (MW)
                   5.4 Asia Pacific
                      5.4.1 Market estimates and forecast, 2012 - 2022 (MW)
                      5.4.2 Market estimates and forecast, by product, 2012 - 2022 (MW)
                      5.4.3 China
                           5.4.3.1 Market estimates and forecast, 2012 - 2022 (MW)
                           5.4.3.2 Market estimates and forecast, by product, 2012 - 2022 (MW)
                   5.5 LATAM
                      5.5.1 Market estimates and forecast, 2012 - 2022 (MW)
                      5.5.2 Market estimates and forecast, by product, 2012 - 2022 (MW)
                   5.6 MEA
                      5.6.1 Market estimates and forecast, 2012 - 2022 (MW)
                      5.6.2 Market estimates and forecast, by product, 2012 - 2022 (MW)
Chapter 6 Competitive Landscape
                   6.1 First Solar
                      6.1.1 Company Overview
                      6.1.2 Financial Performance
                      6.1.3 Product Benchmarking
                      6.1.4 Strategic Initiatives
                   6.2 SunPower
                      6.2.1 Company Overview
                      6.2.2 Financial Performance
                      6.2.3 Product Benchmarking
                      6.2.4 Strategic Initiatives
                   6.3 Suniva Inc.
                      6.3.1 Company Overview
                      6.3.2 Financial Performance
                      6.3.3 Product Benchmarking
                      6.3.4 Strategic Initiatives
                   6.4 Tata Power Solar Systems Limited
                      6.4.1 Company Overview
                      6.4.2 Financial Performance
                      6.4.3 Product Benchmarking
                      6.4.4 Strategic Initiatives
                   6.5 Sharp Corporation
                      6.5.1 Company Overview
                      6.5.2 Financial Performance
                      6.5.3 Product Benchmarking
                      6.5.4 Strategic Initiatives
                   6.6 Alps Technology Inc.
                      6.6.1 Company Overview
                      6.6.2 Financial Performance
                      6.6.3 Product Benchmarking
                   6.7 Borg Inc.
                      6.7.1 Company Overview
                      6.7.2 Financial Performance
                      6.7.3 Product Benchmarking
                   6.8 Pionis Energy Technologies LLC.
                      6.8.1 Financial Performance
                      6.8.2 Product Benchmarking
                      6.8.3 Strategic Initiatives
                   6.9 SolarWorld AG
                      6.9.1 Company Overview
                      6.9.2 Financial Performance
                      6.9.3 Product Benchmarking
                      6.9.4 Strategic Initiatives
                   6.10 Zebra Energy
                      6.10.1 Company Overview
                      6.10.2 Financial Performance
                      6.10.3 Product Benchmarking
                   6.11 GreenBrilliance
                      6.11.1 Company Overview
                      6.11.2 Financial Performance
                      6.11.3 Product Benchmarking
                      6.11.4 Strategic Initiatives
                   6.12 Itek Energy
                      6.12.1 Company Overview
                      6.12.2 Financial performance
                      6.12.3 Product Benchmarking
                      6.12.4 Strategic Initiatives
                   6.13 Trina Solar Limited
                      6.13.1 Company Overview
                      6.13.2 Financial performance
                      6.13.3 Product Benchmarking
                      6.13.4 Strategic Initiatives
                   6.14 Canadian Solar Inc.
                      6.14.1 Company Overview
                      6.14.2 Financial performance
                      6.14.3 Product Benchmarking
                      6.14.4 Strategic initiatives
                   6.15 JinkoSolar Holding Co. Ltd.
                      6.15.1 Company Overview
                      6.15.2 Financial Performance
                      6.15.3 Product Benchmarking
                      6.15.4 Strategic Initiatives

List of Tables


TABLE 1 Solar cell - Industry Summary & Key Buying Criteria
TABLE 2 Global solar cell market estimates and forecast, 2012 - 2022 (GW)
TABLE 3 Global solar cell market installed capacity, by region, 2012 - 2022 (GW)
TABLE 4 Global solar cell market installed capacity, by product, 2012 - 2022 (GW)
TABLE 5 Vendor landscape
TABLE 6 Solar cell - Key market driver analysis
TABLE 7 Solar cell - Key market restraint analysis
TABLE 8 Global silicon wafer market estimates and forecast in solar cell, 2012 - 2022 (GW)
TABLE 9 Global silicon wafer market estimates and forecast in solar cell, by region, 2012 - 2022 (GW)
TABLE 10 Global monocrystalline silicon wafermarket estimates and forecast in solar cell, 2012 - 2022 (GW)
TABLE 11 Global monocrystalline silicon wafer market estimates and forecast in solar cell, by region, 2012 - 2022 (GW)
TABLE 12 Global multicrystalline silicon wafer market estimates and forecast in solar cell, 2012 - 2022 (GW)
TABLE 13 Global multicrystalline silicon wafer market estimates and forecast in solar cell, by region, 2012 - 2022 (GW)
TABLE 14 Global thin film market estimates and forecast in solar cell, 2012 - 2022 (GW)
TABLE 15 Global thin film market estimates and forecast in solar cell, by region, 2012 - 2022 (GW)
TABLE 16 Global CdTe thin film market estimates and forecast in solar cell, 2012 - 2022 (GW)
TABLE 17 Global CdTe thin film market estimates and forecast in solar cell, by region, 2012 - 2022 (GW)
TABLE 18 Global a-Si thin film market estimates and forecast in solar cell, 2012 - 2022 (GW)
TABLE 19 Global a-Si thin film market estimates and forecast in solar cell, by region, 2012 - 2022 (GW)
TABLE 20 Global CIGS thin film market estimates and forecast in solar cell, 2012 - 2022 (GW)
TABLE 21 Global CIGS thin film market estimates and forecast in solar cell, by region, 2012 - 2022 (GW)
TABLE 22 North America solar cellmarket estimates and forecast, 2012 - 2022 (GW)
TABLE 23 North America solar cellmarket, by installed capacity, 2012 - 2022 (GW)
TABLE 24 North America silicon wafer market estimates and forecast in solar cell, by installed capacity, 2012 - 2022 (GW)
TABLE 25 North America thin film market estimates and forecast in solar cell, by installed capacity, 2012 - 2022 (GW)
TABLE 26 U.S.solar cellmarket estimates and forecast, 2012 - 2022 (GW)
TABLE 27 U.S.solar cellmarket, by installed capacity, 2012 - 2022 (GW)
TABLE 28 U.S.silicon wafer market estimates and forecast in solar cell, by installed capacity, 2012 - 2022 (GW)
TABLE 29 U.S.thin film market estimates and forecast in solar cell, by installed capacity, 2012 - 2022 (GW)
TABLE 30 Europe solar cell market estimates and forecast, 2012 - 2022 (GW)
TABLE 31 Europe solar cell market, by installed capacity, 2012 - 2022 (GW)
TABLE 32 Europe silicon wafer market estimates and forecast in solar cell, by installed capacity, 2012 - 2022 (GW)
TABLE 33 Europe thin film market estimates and forecast in solar cell, by installed capacity, 2012 - 2022 (GW)
TABLE 34 Germany solar cell market estimates and forecast, 2012 - 2022 (GW)
TABLE 35 Germany solar cell market, by installed capacity, 2012 - 2022 (GW)
TABLE 36 Germany silicon wafer market estimates and forecast in solar cell, by installed capacity, 2012 - 2022 (GW)
TABLE 37 Germany thin film market estimates and forecast in solar cell, by installed capacity, 2012 - 2022 (GW)
TABLE 38 Asia Pacific solar cell market estimates and forecast, 2012 - 2022 (GW)
TABLE 39 Asia Pacific solar cell market, by installed capacity, 2012 - 2022 (GW)
TABLE 40 Asia Pacific silicon wafer market estimates and forecast in solar cell, by installed capacity, 2012 - 2022 (GW)
TABLE 41 Asia Pacific thin film market estimates and forecast in solar cell, by installed capacity, 2012 - 2022 (GW)
TABLE 42 China solar cell market estimates and forecast, 2012 - 2022 (GW)
TABLE 43 China solar cell market, by installed capacity, 2012 - 2022 (GW)
TABLE 44 Chinasilicon wafer market estimates and forecast in solar cell, by installed capacity, 2012 - 2022 (GW)
TABLE 45 Chinathin film market estimates and forecast in solar cell, by installed capacity, 2012 - 2022 (GW)
TABLE 46 LATAM solar cell market estimates and forecast, 2012 - 2022 (GW)
TABLE 47 LATAM solar cell market, by installed capacity, 2012 - 2022 (GW)
TABLE 48 LATAM silicon wafer market estimates and forecast in solar cell, by installed capacity, 2012 - 2022 (GW)
TABLE 49 LATAM thin film market estimates and forecast in solar cell, by installed capacity, 2012 - 2022 (GW)
TABLE 50 MEA solar cell market estimates and forecast, 2012 - 2022 (GW)
TABLE 51 MEA solar cell market, by installed capacity, 2012 - 2022 (GW)
TABLE 52 MEA silicon wafer market estimates and forecast in solar cell, by installed capacity, 2012 - 2022 (GW)
TABLE 53 MEA thin film market estimates and forecast in solar cell, by installed capacity, 2012 - 2022 (GW)