The global Solar cell Market was estimated at 182.4 GW in 2014.

Moreover, rising infrastructural developments together with rapid growth in the industrial sector are estimated to drive Demand over the forecast period.

Stringent government regulations related to the reduction in environmental impact are expected to drive the market demand for renewable energy resources.

The market is distinguished by combination in the value chain by various companies such as SolarWorld, SunEdison, and First Solar.

The silicon wafer market segment including monocrystalline and multicrystalline accounted for over 90.0% of the total installation capacity in 2014.

The demand for multicrystalline silicon cells is expected to witness the fastest growth as opposed to its counterparts at a CAGR of over 25%.