Solar Cell Market to grow at over 12% CAGR from 2016 to 2024

The Solar Cell Market trends are analyzed from recent past with an eye on coming years in this report that also offers projections for Solar Cell industry targeted at helping in business decisions.

Solar cells market is all set to witness a spectacular growth over the years ahead with the evolving demand for sustainable energy sources globally. The increasing government initiatives to promote renewable energy resources coupled with the concerns about negative environmental impact via the conventional sources will propel the solar cells industry growth over the coming years. According to Global Market Insights, Inc. “Global Solar Cells market size worth USD 35 billion in 2015 is set to record an appreciable growth rate of 12% over the period of 2016-2024.”

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In addition to the aforementioned factors, the increasing electricity demand is another vital driver for the solar cells industry. Estimates suggest that nearly 1 billion global population are deprived of reliable power supply resources, which is creating a huge growth ground for the solar cells market. The government worldwide is also actively participating to address the rising electricity demand. For instance, Government of India has approved a budget of Rs. 50 billion under NSM (National Solar Mission) for setting up Grid Connected Rooftop Systems (4.25 GW) in the country. South Africa, which is a major region facing lack of reliable electricity sources is set to register a CAGR of 12% over the period of 2016-2024.

Also, with the technological advancements, the product cost has also reduced significantly, which is in turn favoring its demand globally. In this regard, crystalline silicon technology based solar cells market will grow substantially with a target revenue of USD 65 billion by 2024. Thin film solar cells market will also witness a rapid surge over the coming years with an estimated capacity of 81 GW by 2024.

The developing countries are estimated to witness a huge adoption of these systems, owing to the growing demand for decentralized generation systems across these regions. In response to this fact, off-grid solar systems market is projected to witness a notable surge with a capacity target of 45 GW by 2024.

Solar cells market is accumulating a substantial share through its increasing applications across the residential, commercial, and utility sectors. Chile, where the execution of huge commercial and utility projects is on a peak, is estimated to contribute noticeably toward global solar cells market revenue, with a projected revenue of USD 700 million by 2024.

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The global awareness toward reducing carbon footprints and adoption of renewable energy sources will lead to a rapid growth in Europe & U.S. solar cells industry. As per the report, Europe solar cells market is forecast to record a CAGR of 17% over 2016-2024.

The global expansion of the solar cells industry will undoubtedly increase over the coming years with the depleting conventional resources and rising power supply demands. Key participants include Mitsubishi Electric Corporation, Jinko Solar, Trina Solar, First Solar, Moser Baer India Ltd, etc.

Browse key industry insights spread across 152 pages with 482 market data tables & 12 figures & charts from this report Solar Cell Market in detail along with the table of contents at:

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Report Content

Chapter 1     Methodology & Scope

1.1    Research Methodology

1.1.1      Initial data exploration

1.1.2      Statistical model and forecast

1.1.3      Industry insights and validation

1.1.4      Research scope and assumptions

1.2    Data Sources

1.2.1.    Primary

1.2.2.    Secondary

Chapter 2     Executive Summary

2.1    Solar cell industry 3600 synopsis, 2013 – 2024

2.1.1      Current business environment

2.1.2      Technology trends

2.1.3      Product trends

2.1.4      Grid trends

2.1.5      Application trends

2.1.6      Regional trends

Chapter 3     Solar cells Industry Insights

3.1    Industry segmentation

3.2    Industry Size and forecast, 2013 – 2024

3.3    Industry ecosystem analysis

3.4    Vendor landscape

3.5    Innovation & sustainability

3.6    Regulatory framework

3.6.1      U.S.

3.6.2      India

3.6.3      Europe

3.6.4      China

3.7    Price trend analysis

3.7.1      Cost structure

3.8    Industry Impact forces

3.8.1      Growth drivers

3.8.1.1   Growing demand for clean fuel electricity

3.8.1.2   Decreasing solar component price

3.8.1.3   Favorable government initiatives

3.8.1.4   Strict government norms towards emission

3.8.2      Industry pitfalls & challenges

3.8.2.2   Lack of awareness

3.9    Growth potential analysis

3.10  Porter’s analysis

3.11  Competitive landscape, 2015

3.12  PESTEL analysis

This latest Solar Cell Market research report offers in-depth analysis, key industry insights, market sizing & forecast on a granular level for key products, applications across number of regional markets. The report also analyzes the Solar Cell industry from business strategy perspective, describing in detail growth drivers, pitfalls &challenges for participants, accompanied by a detailed competitive benchmarking including company market share analysis and detailed business profiles.

Reasons to Buy This Report

  • Global Solar Cell Market size & forecast by product & application.
  • Growth drivers, pitfalls & industry challenges.
  • Key Solar Cell Market growth opportunities & emerging business models.
  • Competitive benchmarking with market share analysis and company profiles.

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Vertical Farming Market share research by applications and regions for 2017-2024

The global Vertical Farming Market share report provides numbers for applications and regional segments of the industry covering historical as well as forecast data for decision makers.

Low availability of land and fluctuating weather conditions will lead Vertical Farming Market to generate a sizable revenue over the next seven years. Of late, the issues of excess population, water conservation, crop production, and recycling have been plaguing the world. Vertical farming is expected to provide a feasible solution for these problems. Being the latest phenomenon in urban farming, vertical farming is secured with biosecurity procedures that prevent pest attacks on crops and restrict plant disease. Additionally, there is no concept of seasonal crop or run-offs, which eliminates crop spoilage and transport costs, thereby fueling vertical farming industry expansion. A report by Global Market Insights, Inc., state that vertical farming market size is expected to cross USD 13 billion by 2024, with a striking CAGR of 27% over 2017-2024, having had a base valuation of USD 2 billion in 2017.

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Vertical farming involves plants being grown in vertical layers, stacked one after the other in warehouses, barren lands, deserts, high-rise buildings, and shipping containers. It reduces the necessity of pesticides, sprays, and herbicides in cropping systems and helps farmers deliver their produce on time. These benefits are expected to positively influence vertical farming market. Players operating in this market engage in collaborations to enhance crop yield and provide a positive impetus to vertical farming market. For instance, Canada based Ecobain Gardens recently formed an alliance with Philips Lighting Holding B.V. with an aim to replace its lights with Philips GreenPower LED lights to improve crop quality and increase its sales.

The product landscape of vertical farming industry encompasses fruits, vegetables & herbs, equipment, and aquatic species. Raising fish and crabs in vertical farms has brought about increased economic growth in most European countries. High consumption of farm-raised fish and tilapia will lead Europe vertical farming market to grow at a modest rate over 2017-2024. Belgium, UK, Netherlands and Germany are slated to be major revenue contributors. Subject to the increased consumption of vegetables and fruits, lettuce held more than 30% of the total fruits, vegetables & herbs segment in 2016 and is expected to increase over the next few years.

Vertical farming can be implemented in an outdoor or indoor setting. Outdoor applications held less than 30% of the overall vertical farming market and will depict a slightly sluggish growth rate over the next seven years. Indoor applications, on the other hand, held a rather significant share of vertical farming industry in 2016 and will exhibit a huge growth rate over the years ahead.

This type of farming is especially prevalent in the United States and China, owing to the fact they account for additional income apart from the economic benefits obtained from traditional farming methods. North America accounted for a huge share of global vertical farming market in 2016, subject to the increased number of indoor farming applications, extensive R&D research, and strong technical expertise.

Hydroponics technology held more than 50% of the overall vertical farming industry and is expected to grow significantly over 2017-2024. Aeroponics, however, is anticipated to be the fastest growing technology over the next few years, subject to the fact that its usage saved more than 95% of water used in farming.

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Asia Pacific vertical farming market is anticipated to grow at a lucrative CAGR subject to the deployment of high grade farming technologies. Notable revenue contributors include Japan, Taiwan, Singapore, Inia, China, and South Korea. Owing to the fact that Japan houses a vast number of vertical farms, the region accounted for more than 25% of APAC vertical farming share in 2016 and will grow notably over the years ahead. Singapore is also expected to be a profitable avenue for the growth of vertical farming market.

General Hydroponics, Urban Crop Solutions, Green Spirit Farms, Spread Co. Ltd., Aerofarms, Mirai Co.Ltd., Plantagon International AB, Sky Greens, and American Hydroponics are major participants operating in global vertical farming market. These firms are engaged in numerous growth tactics such as strategic partnerships and improved product development to enhance the growth of vertical farming market.

Report Content

Chapter 1.  Methodology and Scope

1.1.  Methodology

1.1.1.     Initial data exploration

1.1.2.     Statistical model and forecast

1.1.3.     Industry insights and validation

1.1.4.     Definitions & forecast parameters

1.2.  Data sources

1.2.1.     Primary

1.2.2.     Secondary

Chapter 2.  Executive Summary

2.1.  Vertical Farming industry 360° synopsis, 2013 – 2024

2.1.1.     Business trends

2.1.2.     Product trends

2.1.3.     Technology trends

2.1.4.     Application trends

2.1.5.     Regional trends

Chapter 3.  Vertical Farming Industry Insights

3.1.  Industry segmentation

3.2.  Industry landscape, 2013 – 2024

3.3.  Industry ecosystem analysis

3.3.1.     Vendor matrix

3.3.2.     Distributor channel analysis

3.4.  Industry impact forces

3.4.1.     Growth drivers

3.4.1.1.         Soaring population levels leading to imbalances in food demand and supply

3.4.1.2.         Scarcity of farming land: A major natural resource

3.4.1.3.         Stabilized crop production irrespective of climatic changes

3.4.1.4.         Conservation and recycling of natural resources

3.4.2.     Industry pitfalls & challenges

3.4.2.1.         Higher initial investments

3.4.2.2.         Lack of technical acumen

3.4.2.3.         Limitations of crops species grown

3.4.2.4.         High energy consumption (light, air conditioning)

3.5.  Growth potential analysis, 2016

3.6.  Technology & innovation landscape

3.6.1.     Patent analysis

3.7.  Regulatory trends

3.7.1.     U.S.

3.7.2.     Asia-Pacific

3.7.3.     Europe

3.8.  Porter’s analysis

3.9.  Competitive landscape analysis, 2016

3.9.1.     Strategy dashboard

3.10. PESTEL analysis

3.11. Cost structure analysis

This latest Vertical Farming Market research report offers in-depth analysis, key industry insights, market sizing & forecast on a granular level for key products, applications across number of regional markets. The report also analyzes the Vertical Farming industry from business strategy perspective, describing in detail growth drivers, pitfalls &challenges for participants, accompanied by a detailed competitive benchmarking including company market share analysis and detailed business profiles.

Reasons to Buy This Report

  • Global Vertical Farming Market size & forecast by product & application.
  • Growth drivers, pitfalls & industry challenges.
  • Key Vertical Farming Market growth opportunities & emerging business models.
  • Competitive benchmarking with market share analysis and company profiles.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde

Corporate Sales, USA

Global Market Insights, Inc.

Phone: 1-302-846-7766

Toll Free: 1-888-689-0688

Email: sales@gminsights.com

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Solar PV Mounting Systems Market share to reach $9bn by 2024

The Solar PV Mounting Systems Market trends are analyzed from recent past with an eye on coming years in this report that also offers projections for Solar PV Mounting Systems industry targeted at helping in business decisions.

Solar PV Mounting Systems Market size is set to exceed USD 9 billion by 2024, according to a new research report by Global Market Insights, Inc.

Strict government norms pertaining to climate change and greenhouse gas emissions will thrust the installation of photovoltaic systems, which will stimulate the solar PV mounting systems market. Regulations including 2009/28/EC directive and renewable purchase obligation creating a need to adopt sustainable technologies to generate electricity. Shift of consumer focus towards adoption of clean energy to reduce carbon emissions will further complement the industry landscape. The European Union has set a target to fulfil at least 20% of its energy requirement from renewable sources by 2020.

Germany solar PV mounting systems market is set to exceed USD 150 million by 2024. Increasing adoption of energy efficient systems coupled with growing measures towards energy security will complement the business outlook. In Germany from January 2016, construction of new buildings was only permitted if its primary energy requirement must be lower than 25 % of the previous threshold.

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Increasing demand for off-grid electricity from remote areas for uninterrupted and reliable supply will steer the growth of solar PV mounting systems market share. High initial investment towards grid extension will encourage the adoption of off grid renewable technologies including solar, which will further complement the industry outlook. In April 2017, The African Development Bank (AfDB) announced to invest USD 12 billion over next 5 years in its new electrification program.

Government initiatives including Power Purchase Agreement (PPA), soft loans, subsidies, and tax rebates will further augment the solar PV mounting systems market share. In September 2014, government of Chile introduced a net-metering scheme, which will help beneficiaries to receive credit on their utility bills for feeding excess electricity to the grid.

Ground mounted in 2016 accounted for over 75% of solar PV mounting systems market share. High efficiency and facility for inclination & orientation are some of the salient features which makes its adoption preferable over other available counterparts. Rising demand for large capacity photovoltaic plants along with ongoing expansion of existing systems will further stimulate the product demand.

Introduction of net zero emission building regulation along with increasing investments towards energy efficient building infrastructure will favor the commercial solar PV mounting systems market by 2024. In 2016, Lloyds bank announced to invest around USD 1000 million for commercial property to curb carbon emissions from their real estate assets.

Favorable government initiatives including tax rebates to promote renewable energy utilization and to reduce harmful emissions will foster Canada solar PV mounting systems market growth. In 2016, Canada Green Building Council (CaGBC) introduced zero carbon building framework to curb emissions to 30% by 2030.

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Growing demand for decentralize power generation along with measures to reduce carbon footprints will fuel the China solar PV Mounting systems market. In 2016, Government of China issued a document 625 on renewable energy, which makes it obligatory for grid connected companies to purchase certain amount of electricity from renewable generators up to an allocated hour.

Notable players in solar PV mounting systems market include, UNIRAC, Quick Mount PV, K2 SYSTEMS, Landpower Solar, RBI Solar, Schletter, Mounting Systems, DPW Solar, SolarWorld, Versolsolar, Xiamen Grace Solar Technology, Clenergy, SNS Corporation, Suyash Metatech.

Solar PV mounting system market research report includes in-depth coverage of the industry with estimates & forecast in terms of USD Million from 2013 to 2024, for the following segments:

Global Solar PV Mounting Systems Market, By Product

  • Roof-Top
  • Ground Mounted

Global Solar PV Mounting Systems Market, By End-Use

  • Residential
  • Commercial
  • Utility

Global Solar PV Mounting Systems Market, By End-Use

  • Fixed
  • Tracking

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • France
    • Netherland
    • Italy
    • Germany
    • Sweden
    • Russia
    • Spain
    • Austria
  • Asia Pacific
    • China
    • Australia
    • India
    • Japan
    • South Korea
  • Middle East
    • Israel
    • Saudi Arabia
    • UAE
    • Jordan
  • Africa
    • South Africa
    • Egypt
    • Algeria
    • Nigeria
  • Latin America
    • Brazil
    • Chile

Browse key industry insights spread across 220 pages with 304 market data tables & 10 figures & charts from the report, Solar PV Mounting Systems Market in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/solar-PV-mounting-systems-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: https://www.gminsights.com/blogs
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