MARKET OVERVIEW
The heterojunction technology is the best option to raise efficiency and power output to their highest levels. The heterojunction technology combines the best qualities of crystalline silicon with those from amorphous silicon thin-film to produce a high-power hybrid cell. The favorable government initiatives toward growing the deployment of renewable energy sources coupled with stringent regulatory measures to limit carbon emissions will drive the heterojunction solar cell market growth. The ongoing technological advancements to reduce the overall cost of the solar systems in conjunction with robust growth in the PV capacities globally will fuel the market growth.
MARKET SCOPE
The "Global Heterojunction Solar Cell Market Analysis to 2028" is a specialized and in-depth study of the solar cell with a special focus on the global market trend analysis. The report aims to provide an overview of the heterojunction solar cell market with detailed market segmentation by product type, application and geography. The report provides key statistics on the market status of the leading heterojunction solar cell market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
-On the basis of product type the market is segmented into silicon heterojunction solar cells, hetero-junction double-sided solar cell, and others
-On the basis application, the market is segmented as photovoltaic power station, residential, and others
MARKET DYNAMICS
Drivers
-Growing adoption of renewable energy sources drives the market growth
-Increasing investment in R&D sector for improving the solar cell technology propels the market growth
Restraints
-High Initial Investment Restraints the Market Growth
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America (SAM). The heterojunction solar cell market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five region, evaluating political, economic, social and technological factors affecting the heterojunction solar cell market in these regions.
IMPACT OF COVID-19 ON HETEROJUNCTION SOLAR CELL MARKET
The outbreak of the COVID-19 has severely impacted the energy and power industries, which resulted a decline in market growth in the year 2020. The outbreak of the pandemic led to demand-supply gap, shutdown of several manufacturing industries across the globe, which in turn, caused disruptions in raw material procurement and further led to price volatility. The withdrawal of upcoming investments and hold on for ongoing projects in deploying solar cell has directly influenced the market growth. However, the global situation is getting recoverd at a slow & steady pace which is anticipated to increase in coming years. Furthermore, the key players engaged in the market are also focusing on investment in heterojunction solar cell which is further strengthening the market growth in pandemic recovery period. The increase in energy demand owing to rise in population and government initiatives encouraging the clean energy sources across the globe are some of the key factors anticipated to boost the demand for the heterojunction solar cell market over the projected period.
MARKET PLAYERS
The report covers key developments in the heterojunction solar cell market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as advancement in products, reallocation of resources and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players in the heterojunction solar cell market are anticipated to provide lucrative growth opportunities in the future with the rising demand for heterojunction solar cell in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the heterojunction solar cell market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
-Solar Electric Supply, Inc.
-Meyer Burger Technology AG
-Zhejiang Dongshuo New Energy Co, Ltd
-KANEKA CORPORATION
-Hanergy Thin Film Power EME B.V.
-Hevel
-CETC Solar Energy Holdings Co., Ltd.
-JINERGY
-Enel Spa
-HELIENE Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study."