CRYSTALLINE SOLAR COLLECTOR MARKET ANALYSIS
Regional Analysis of Crystalline Solar Collector Market
On the basis of regions, the crystalline solar collector market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America is expected to account for the largest market share over the forecast period, owing to presence of key players in the region such First Solar and Canadian Solar. The demand of PV cell in this region is increasing due to rising residential solar applications.
Apart from North America, Asia Pacific is expected to grow significantly over the forecast period, owing to the low cost for manufacturing of photovoltaic cells in this region. Moreover, due to low cost of these cells many countries are installing PV cells and which saves solar energy for future. For instance according to the National Energy Administration (NEA), the China-based PV cell manufactures deployed 44.1 GW of solar in 2018.
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