Photovoltaic method
is used for the generation of electrical power. Solar radiation is
converted into direct electricity with the help of semiconductors.
Photovoltaic cells are also known as solar cells which are used to
generate the voltage when radiant energy falls on the boundary between
dissimilar substances.
Semiconductors
are been differentiated via energy band gap and the type of band gap.
Band gap energy is the energy needed to allow an electron in an atom's
shell to break away from the atom and flow freely in the material. The
higher the band gap energy the higher would be the energy of light
required to release an electron to conduct current. Higher band gap
results in low power and low current because of less number of electrons
and vice versa.
The
major drivers of this market includes low cost and able to automate
numerous manufacturing process. The main factor that is restraining the
growth of this market is it provides very low efficiency.
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The
market could be segmented on the basis of materials used which includes
Silicon (Si), Germanium (Ge), Cadmium Telluride (CdTe), Gallium
Arsenide (GaAs), Copper Indium Diselenide (CIS) and Copper Indium
Gallium Selenide (CIGS) among others. In addition, the market could be
segmented on the basis of geography which includes North America,
Europe, Asia-Pacific and RoW.
Some
of the key players dominating this market are First Solar, Sharp, Trony
Solar, NextPower, Solar Frontier, Kaneka Solartech Co. Ltd., Inventux
Tech. AG, Sungen International, Bosch, Greenshine New Energy, Canadian
Solar, China Sunergy and Evergreen solar among others.
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