Solar Cell Market Size, Status, Top Players, Trends And Forecast to 2022
Industry Insights: The global solar cell market was estimated at 182.4 GW in 2014. The rising demand for electricity coupled with the increasing consumer awareness concerning the benefits of renewable resources is anticipated to have a positive impact on the market growth. Moreover, rising infrastructural developments together with rapid growth in the industrial sector are estimated to drive demand over the forecast period. The increasing demand for a reliable, clean and eco-friendly energy source to reduce the dependency on fossil fuels owing to their depletion is projected to propel demand for solar cells. The technological development in reducing the manufacturing cost and improving performance efficiency is expected to drive the solar cell market. The government regulations in various economies promote the utilization of solar energy systems leading to the emergence of new opportunities in the industry. Stringent government regulations related to the reduction in environmental imp