Global Solar Photovoltaic Materials to reach US$19.60 bn by the end of 2024 at CAGR of 11.4% between 2019-2024 : In-Depth Analysis Photovoltaics :BASF SE, Mitsubishi Material Corp., Hemlock Semiconductor Corp. LLC,

Press Release – 01 Feb 2019
Research and Development News --
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Latest Update "Solar Photovoltaic Material Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024" with Industries Survey | Global Current Growth and Future.
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“Global Solar Photovoltaic Material Market: Overview”
Solar photovoltaic materials are the materials that are used in manufacturing of solar panels or modules which are installed for generating electricity. Solar photovoltaic materials are basically of two type’s crystalline and thin film. Crystalline is further divided into polycrystalline and gallium arsenide whereas thin film is of three types’ namely amorphous silicon, cadmium telluride, and copper indium diselenide. Out of all the solar photovoltaic materials, polycrystalline is the most dominant material because of its good efficiency and easy manufacturing process. Thin film materials like cadmium telluride and copper indium diselenide is expected to grow in the near future.

Research has estimated that from the valuation of US$7.55 bn in 2015, the global market for solar PV materials is expected to attain the value of US$19.60 bn by the end of 2024. This market is expected to expand and a healthy CAGR of 11.4% during the period 2016-2024.
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The report estimates and forecasts the solar photovoltaic material market on the global, regional, and country levels. The study provides forecast between 2016 and 2024 based on volume (kilo tons) and revenue (US$ Mn) with 2015 as the base year. The report comprises an exhaustive value chain analysis for each of the product segments. It provides a comprehensive view of the market. Value chain analysis also offers detailed information about value addition at each stage. The study includes drivers and restraints for the solar photovoltaic material market along with their impact on demand during the forecast period.

The study also provides key market indicators affecting the growth of the market. The report analyzes opportunities in the solar photovoltaic material market on the global and regional level. Drivers, restraints, and opportunities mentioned in the report are justified through quantitative and qualitative data. These have been verified through primary and secondary resources. Furthermore, the report analyzes substitute analysis of solar photovoltaic material and global average price trend analysis.

“Global Solar Photovoltaic Material Market: Segmentation”
The study provides comprehensive view of the solar photovoltaic material market by dividing it into end-user and geography. The solar photovoltaic material market has been segmented into crystalline, polycrystalline, cadmium telluride, copper indium diselenide and others. End-user segments residential, commercial, and industrial have been analyzed based on historic, present, and future trends.

Regional segmentation includes the current and forecast demand for solar photovoltaic material in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). Additionally, the report comprises country-level analysis in terms of volume and revenue for end-user segments. Key countries such as the U.S., France, Germany, Italy, the U.K., China, India, Japan, South Africa, Mexico, and Brazil have been included in the study. Market segmentation includes demand for individual end-users in all the regions and countries.
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“Global Solar Photovoltaic Material Market: Competitive Analysis”
The report covers detailed competitive outlook that includes market share and profiles of key players operating in the global market. Major players profiled in the report include BASF SE, Mitsubishi Material Corporation, Hemlock Semiconductor Corporation LLC, LDK Solar Co. Ltd., Okmetic, Wacker Chemie AG , Applied Materials, Inc, Shin-Etsu Chemicals Co., Ltd., Atecom Technology Co., Ltd., Topsil GlobalWafers A/S, Silicor Materials, Inc., Targray Technology International, Inc. Company profiles include attributes such as company overview, number of employees, brand overview, key competitors, business overview, business strategies, recent/key developments, acquisitions, and financial overview (wherever applicable).

Secondary research sources that were typically referred to include, but were not limited to company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings. Other sources such as internal and external proprietary databases, statistical databases and market reports, news articles, national government documents, and webcasts specific to companies operating in the market have also been referred for the report. In-depth interviews and discussions with wide range of key opinion leaders and industry participants were conducted to compile this research report. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. Key players’ product literature, annual reports, press releases, and relevant documents were reviewed for competitive analysis and market understanding. This helped in validating and strengthening secondary research findings. Primary research further helped in developing the analysis team’s expertise and market understanding.

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