Global solar cell market is expected to reach 1,087.5 GW by 2022, according to a new report by Grand View Research, Inc. Growing demand for clean and reliable energy source coupled with supportive regulations by various countries in the form of incentives and feed-in-tariffs (FIT) is expected to propel demand over the forecast period. Growing need of electricity owing to rapid industrialization coupled with increasing infrastructure developments particularly in developing economies is expected to fuel solar cell market over the next seven years. In addition, increase in R&D investments related to increasing performance efficiency of solar cells as well as reducing system cost by manufacturers is likely to have positive impact towards growth.
http://www.grandviewresearch.com/industry-analysis/solar-cell-market
No comments:
Post a Comment