(EnergyIndustry.Net, June 14, 2018 ) The global photovoltaic market sharewas marked at $XXbillion in 2017 and is expected to reach $ XXbillion by 2024 at a CAGR of XX%. Photovoltaic converts the solar energy into electricity with help of semiconductors which provides photovoltaic effect. PV has various advantages such as no pollution, greenhouse gas emissions, scalability, and some other.Polycrystalline silicon, also known as poly-Si which has high purity, polycrystalline form of silicon, used as a raw material in solar photovoltaic industry. The benefits of poly-Si cells are that they are cheap and easy to manufacture.
Mexico is leading the growth of the global photovoltaic market and the growth in North America are mainly credited by the government instalments of several solar, CSP, and photovoltaic projects. Asia is esteemed for about two-third of the global solar photovoltaic calculation and the top two companies in terms of cumulative capacity are China and Japan. Chinese lead both the manufacturing and practise of solar photovoltaic with 1GW capacity. Though, Indian government has detailed solar energy importance in the nations renewable energy mix and spent on Rooftop Subsidy program and Golden Sun Demonstration program to expand PV capacity hence pushing the growth of the solar photovoltaic market.
Global photovoltaic market outline reveals the key players in thePV industry market includes Trina Solar Ltd, SunPower Corporation, JA Solar Holdings Co. Ltd, First Solar, Inc., Yingli Solar, and some other.
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