Research and Markets has announced the addition of the "Global Crystalline Solar Cell Market 2011-2015" report to their offering.
TechNavio's analysts forecast the Global Crystalline Solar Cell market to grow at a CAGR of 7.82 percent over the period 2011-2015. One of the key factors contributing to this market growth is the increase in solar energy consumption. The Global Crystalline Solar Cell market has also been witnessing an increase in R&D. However, low conversion efficiency compared to fossil fuels could pose a challenge to the growth of this market.
Key vendors dominating this market space include JA Solar Holdings Co. Ltd and Yingli Green Energy Holding Co. Ltd.
Other vendors mentioned in the report: Trina Solar Ltd., Gintech Energy Corp., Motech Industries Inc., Kyocera Corp., Sharp Corp., SolarWorld AG, Sanyo Component Europe GmbH, Arise Technologies Corp., Astronergy Solar Inc., Beijing Hope Solar New Energy Co., Big Sun Energy Technology Inc., Canadian Solar Inc., CentroSolar Group AG, Changzou Kinder Industry Co., China Sunergy Co. Ltd., Chinaland Solar Energy Co., DCH Solar GmbH, Delsolar Co., Eoplly New Energy Technology Co. Ltd., E-ton Solar Tech Co. Ltd., Ever Energy Co., Evergreen Solar Inc., Hanwha Chemical Corp., Hareon Solar Technology Co. Ltd., Indosolar Ltd., Isofoton S.A., Jetion Solar Co. Ltd., Jiangsu Shunfeng Photovoltaic Technology Co. Ltd., Jiangtsu TianBao PV Energy Co. Ltd., Jiangxi Solar PV Corp., Jiangxi Trinity Material Co. Ltd., KPE Co. Ltd., Suzhou Shenglong PV-Tech Co. Ltd., Microsol International LL Fze, Mitsubishi Electric Corp., Moser Baer Photo Voltaic Ltd., Neo Solar Power Corp., Zhejiang Huasheng Solar Energy Co. Ltd., Perfectenergy GmbH, Renewable Energy Corp. ASA, Topsolar Green Energy Co. Ltd., Shinsung Solar Energy Co. Ltd., Siliken S.A., Solar Cells Hellas S.A., Solarfun Power Holdings, Hanwha SolarOne Ltd., Solartech Energy Corp., STX Solar Co. Ltd., Sunpower Corp., Sunrise Global Solar Energy Co. Ltd., Sunways AG, Tainergy Tech Co. Ltd., Q-Cells SE, and E. I. DuPont de Nemours and Co.
Commenting on the report, an analyst from TechNavio's Clean Tech team said: ''The increase in R&D is a major trend in the Global Crystalline Solar Cell market. Favorable policies and procedures have been boosting the Global Crystalline Solar Cell market. For instance, the US Federal Environment Ministry has plans to increase investment in research related to renewable energies; part of which will be diverted to RandD in the Global Crystalline Solar Cell market.''
Further, the report discusses that one of the major challenges confronting the market is the low conversion efficiency of crystalline solar cells compared to fossil fuels.