Report Code: A09597 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Alternative Solar Photovoltaic Technologies Market
Request Now !Solar photovoltaic technology facilitates conversion of photons into electricity. This is done by either converting part of the energy to electricity, for instance in a photovoltaic cell or by storing some part of the energy with a chemical reaction, for instance, while converting water to hydrogen and oxygen. Two function of this technology includes photogeneration of charge carriers in a light absorbing material and separation of charge carriers to a conducive contact that will transmit the electricity. Alternative solar photovoltaic technology possesses properties such as higher conversion efficiencies, lighter weight, greater mechanical flexibility, and less fragility. Owing to continuous increase in demand of renewable source of energy, rise in investment has been witnessed in alternative solar photovoltaic technology market. It is used in remote locations where cost-effective access is not given to power grids. This technology significantly lowers cost in comparison to electricity produced through traditional sources such as carbon fuels.
Increase in energy demand due to the rising population significantly boosts the need for sustainable energy resources, which acts as a key driving force of the global alternative photovoltaic solar cell technologies market. Furthermore, implementation of stringent regulations that focus on reduced dependency of fossil fuels and help control environmental pollution notably contributes toward the growth of the market. This, in turn, favors the demand for alternative solar photovoltaic technologies. In addition, reduction of the carbon footprint and low cost energy generation are expected to propel the demand for alternative solar photovoltaic technologies, thereby augmenting the market growth.
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Alternative Solar Photovoltaic Technologies Market: Global Opportunity Analysis and Industry Forecast, 2019–2027 Report Highlights
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Key Market Players | Heliatek, solibro, Polyera, Heliovolt, Global Solar Energy, Miasole, Sharp Solar, Power Film, Sony, Microlink Devices, Solar Junction, Plexelectronics, Solar Frontier, Solaronix, Solarmer Energy, Solar Print, IBM Research |
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