Passivated Emitter Rear Cell Market To Grow With an Impressive CAGR During The Forecast Period
Global Passivated Emitter Rear Cell Market is driven by increasing
demand for enhanced and efficient solar panels in the forecast period, 2023-2027.
According
to TechSci Research report, “Passivated Emitter Rear Cell Market - Global Industry Size,
Share, Trends, Opportunity and Forecast, 2017-2027”
The
global passivated emitter rear cell market may show a robust growth in the
forecast years, 2023-2027 with an anticipated CAGR value. The market growth can
be attributed to the factors like increasing demand for more efficient
photovoltaic products. Surge in the demand for green energy is also responsible
for the growth of the global passivated emitter rear cell market in the
upcoming five years. In general, increasing energy demand from various end use
industries and consumers is the major factor driving the growth of the global
passivated emitter rear cell market in the next five years. Moreover, increased
research, technological advancement, innovative product development, and
enhancing existing technologies to improve their performance along with the
increasing investments in the given sections is expected to further
substantiate the growth of the global passivated emitter rear cell market in
the future five years.
Additionally,
government initiatives to promote the photovoltaic products, and support the
usage of renewable sources of energy, such that increasing concerns toward
depleting non-renewable sources of energy can be compensated, is also aiding
the growth of the global passivated emitter rear cell market in the forecast
years until 2027.
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The
global passivated emitter rear cell market segmentation is based on component,
type, application, regional distribution, and competitive landscape. Based on
component, the market is segmented into anti-reflective coating, silicon
wafers, passivation layer, capping layer, and others. Anti-reflective coating
may dominate the market in the upcoming five years due to maximum utilization
of the component during energy conversion.
Based
on type, the market is further differentiated into monocrystalline, polycrystalline,
and thin film. Monocrystalline type of passivated emitter rear cells is
anticipated to hold the largest revenue shares of the market and dominate the
market segment in the upcoming five years on the account of increasing
technological investments in the product and thus increasing demands for the
same. Monocrystalline passivated emitter rear cell is a combination of single
crystal cell, passivated emitter cell, and back cell. The solar panel provides
higher flexibility and has various placements viability & tilt options
without compromising its efficiency thus it is more preferred and drives the
global passivated emitter rear cell market in the next five years. Mono PERC
are also efficient in case of low lighting thus regions like European countries
can effectively use these for power generation.
Application
segment of the market is also fragmented into residential, commercial &
industrial, and utilities. Industrial application for passivated emitter rear
cell is expected to hold the largest revenue shares of the market and dominate
the market segment in the upcoming five years on the account of increased
demand for the excessive production of green energy on a larger scale.
Industrial applications are further growing on the backbone of preferences of
the solar energy manufacturers and global players who prefer PERC for its
mature technology and advantages over the traditional technologies like solar
cells with tunnel oxide, passivating contacts, heterojunctions and perovskites.
Some
of the market players, dominating the global market are
·
Targray
·
Aleo
Solar
·
SunPower
Corporation
·
JinkoSolar
·
JA
Solar
·
Trina
Solar
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“North America region is anticipated to
hold the largest revenue shares of the market and dominate the market in the
next five years on the account of increasing investment in the electricity and
power generation using renewable resources of energy. Also, countries like the
United States and Canada have well established infrastructure, products, and
sources to sustain the growing demand for electricity generation from solar
panels. European countries are also equally involved with the solar power
generation to reach the mentioned targets by European Union thus supporting the
market growth. The respective governments of the involved countries are further
extending financial aid to support market growth. The region anticipates being
carbon neutral by 2030 and shift completely toward using green energy for
various end uses. Asia Pacific region is expected to register fastest growth in
the upcoming five years due to increased regional globalization, and
urbanization. Countries like China, India, Japan are actively involved in the
renewable energy production in the future five years due to increasing concerns
toward depleting environment due to excessive use of non-renewable fossil fuels,”
said Mr. Karan Chechi, Research Director with TechSci Research, a research based
global management consulting firm.
“Passivated Emitter Rear
Cell Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2017-2027
Segmented By Component
(Anti-Reflective Coating, Silicon wafers, Passivation layer, Capping Layer, Others),
By Type (Monocrystalline, Polycrystalline, Thin Film), By Application
(Residential, Commercial & Industrial, Utilities), By Region”, has evaluated the future
growth potential of global passivated emitter rear cell and provides statistics
& information on market size, structure and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in global passivated emitter rear cell market.
Contact
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