In a recent research report by Maximize Market Research, the Material for Next Generation Photovoltaics Market is expected to surpass US $XX million by the year 2026, from US $XX million in 2019.
Colloidal quantum-confined semiconductor nanostructures are an emerging class of functional material that are being developed for novel solar energy conversion strategies. According to IEA’s market analysis, the generation of solar photovoltaics (PV) — the process of converting sunlight into electricity — has reached 720 TWh in 2019 from 585 TWh in 2018 and is expected to grow up to 1,940 TWh by 2025. The current maximum global capacity of solar energy is 592 GW, contributing 2.2% to global electricity generation.
With the rapid development of low-cost, high-performance semiconducting materials, space-saving thin films, and easily installable technologies, the solar energy market is expected to boom in the next five years. Despite the setback caused by the pandemic, the anticipated cost reduction of 15% to 35% by 2024 for solar installations is encouraging and could make this renewable energy more affordable.
The report published by Maximize encompasses the market dynamics, which could affect the market growth of Material for Material for Next Generation Photovoltaics Market in the region, the Value – Chain analysis, and the PORTER’s analysis for the Material for Material for Next Generation Photovoltaics market at a global level.
The study is consolidated on the basis of two major segments and further into sub-segments, By Material (Polycrystalline Silicon, Monocrystalline Silicon, Cadmium Telluride, Copper, Indium Gallium Selenide (CIGS), Others), By Nanomaterial (Nanowires, Quantum Dots, Graphene), to forecast the market size by value; also includes the analysis of past market dynamics from 2016 – 2019, considering 2019 as the base year.
Lastly, the market research report provides a regional comparison and a complete country level analysis for the latest trends, along with the major key players- University of Texas, First Solar Inc, General Electric Company, Bayern Innovativ GmbH, CSIRO Solar Technologies, Sunshot, Abound Solar, 5N Plus, Pilkington, Ion Edge Corp, and MBI Corp.
You can browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Material for Material for Next Generation Photovoltaics Market.”
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