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Solar Cells and Modules Consumption Market: increasing as an ecofriendly alternative to generate electricity.

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A solar cell is also called as photovoltaic cell (PV cell). A PV cell converts solar energy into electrical energy. Photovoltaic solar cells are building blocks of the photovoltaic module which is also called as solar panel.  Solar Cells and Modules Consumption Market deals with the production and applications of these solar cells. The consumption of these modules in the region, demand, supply and scope is also recorded in this report.

In Solar Cells and Modules Consumption Market China is the prominent manufacturer of solar cells due to the heavy investment it made in this market. In 2013, China had 60% of the production shares on the global level. Malaysia was the third largest manufacturer of photovoltaic cell behind China and European Union in 2014.

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Despite the decrease in investment in PV module in 2012 till now the Solar Cells and Modules Consumption Market has managed to grow by 10% according to PV status report released by European Commission’s Joint Research Centre. This market is favored a lot due to the fact that it is renewable energy. Solar energy advantages are that it does not produce any alternate ill side effect on the environment.

Solar Cells and Modules Consumption Market can be segmented by type, by classification, by application and by region as follows:

By material: crystalline silicon, thin film, multi-junction cells

By classification: single crystal silicon, polycrystalline silicon

By application: space applications, residential, commercial and utility-scale

By region: USA, Europe, Japan, India and Southeast Asia, China.

Some of the companies in Solar Cells and Modules Consumption Market are:

  • Hanwha
  • First Solar
  • SunPower
  • Elkem Solar
  • Sharp

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Solar Cells and Modules Consumption Market report consists detailed analysis of 24 companies, their solar cells and modules sales, sales revenue, gross profit, SWOT analysis etc.

Solar Cells and Modules Consumption Market is growing with a fast pace since the electricity generated by using these modules is by using concentrated solar power. Solar energy uses can reduce the production of pollution since the electricity production from other alternate ways creates gases hazardous for health.

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