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Space Solar Cells-Global Market Insights and Sales Trends 2024
Synopsis
The global Space Solar Cells market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Space Solar Cells in various end use industries. The expanding demands from the Space Solar Panel and Space Solar Array, are propelling Space Solar Cells market. Triple Junction Solar Cell, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Quadruple Junction Solar Cell segment is estimated at % CAGR for the next seven-year period.
China has implemented the Renewable Energy Law since 2006, in which Article 4 clearly states that, the State gives first priority to the exploration of renewable energy. Over the years, various departments of the Chinese government have successively issued a large number of policies, covering production, sales, taxation, subsidies and other aspects. After setting the carbon neutrality goal in 2021, from a national perspective, the upgrading of the energy structure is ever imperative, and therefore the optoelectronic industry has great potential. The European Commission released the Net-Zero Industry Act in 2023. This bill aims to stimulate local manufacturing in Europe, reduce import dependence on China, and ensure that at least 40% of the EU's clean energy demand can be met by 2030. The EU targets an installed solar capacity of 600 GW. Overall, the European market still has a lot of room for development. US 2022 release of the Inflation Reduction Act, which includes $369 billion for energy security and climate change investments. For the photovoltaic industry, the bill stimulates its development from multiple aspects such as corporate and individual tax credits, production subsidies, and loans throughout the industry chain, and revitalizes the domestic manufacturing industry in the United States. Japanese authorities plan to make solar panels mandatory for new residential buildings in Tokyo from 2025 onwards. It is estimated that by 2030, photovoltaic power generation will account for 14%-16% of Japan's total power generation, and the cumulative installed capacity of photovoltaic systems will be about 117.342 GW.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Space Solar Cells, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Space Solar Cells market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Space Solar Cells market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Space Solar Cells sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Space Solar Cells covered in this report include Rocket Labs (SolAero Technologies), Spectrolab, Azur Space, Sharp, CETC Solar Energy Holdings and MicroLink Devices, etc.
The global Space Solar Cells market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Rocket Labs (SolAero Technologies)
Spectrolab
Azur Space
Sharp
CETC Solar Energy Holdings
MicroLink Devices
Global Space Solar Cells market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Space Solar Cells market, Segment by Type:
Triple Junction Solar Cell
Quadruple Junction Solar Cell
Global Space Solar Cells market, by Application
Space Solar Panel
Space Solar Array
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Space Solar Cells manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Space Solar Cells in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
The global Space Solar Cells market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Space Solar Cells in various end use industries. The expanding demands from the Space Solar Panel and Space Solar Array, are propelling Space Solar Cells market. Triple Junction Solar Cell, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Quadruple Junction Solar Cell segment is estimated at % CAGR for the next seven-year period.
China has implemented the Renewable Energy Law since 2006, in which Article 4 clearly states that, the State gives first priority to the exploration of renewable energy. Over the years, various departments of the Chinese government have successively issued a large number of policies, covering production, sales, taxation, subsidies and other aspects. After setting the carbon neutrality goal in 2021, from a national perspective, the upgrading of the energy structure is ever imperative, and therefore the optoelectronic industry has great potential. The European Commission released the Net-Zero Industry Act in 2023. This bill aims to stimulate local manufacturing in Europe, reduce import dependence on China, and ensure that at least 40% of the EU's clean energy demand can be met by 2030. The EU targets an installed solar capacity of 600 GW. Overall, the European market still has a lot of room for development. US 2022 release of the Inflation Reduction Act, which includes $369 billion for energy security and climate change investments. For the photovoltaic industry, the bill stimulates its development from multiple aspects such as corporate and individual tax credits, production subsidies, and loans throughout the industry chain, and revitalizes the domestic manufacturing industry in the United States. Japanese authorities plan to make solar panels mandatory for new residential buildings in Tokyo from 2025 onwards. It is estimated that by 2030, photovoltaic power generation will account for 14%-16% of Japan's total power generation, and the cumulative installed capacity of photovoltaic systems will be about 117.342 GW.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Space Solar Cells, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Space Solar Cells market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Space Solar Cells market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Space Solar Cells sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Space Solar Cells covered in this report include Rocket Labs (SolAero Technologies), Spectrolab, Azur Space, Sharp, CETC Solar Energy Holdings and MicroLink Devices, etc.
The global Space Solar Cells market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Rocket Labs (SolAero Technologies)
Spectrolab
Azur Space
Sharp
CETC Solar Energy Holdings
MicroLink Devices
Global Space Solar Cells market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Space Solar Cells market, Segment by Type:
Triple Junction Solar Cell
Quadruple Junction Solar Cell
Global Space Solar Cells market, by Application
Space Solar Panel
Space Solar Array
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Space Solar Cells manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Space Solar Cells in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Space Solar Cells Market Overview
1.1 Space Solar Cells Product Overview
1.2 Space Solar Cells Market Segment by Type
1.2.1 Triple Junction Solar Cell
1.2.2 Quadruple Junction Solar Cell
1.3 Global Space Solar Cells Market Size by Type
1.3.1 Global Space Solar Cells Market Size Overview by Type (2018-2029)
1.3.2 Global Space Solar Cells Historic Market Size Review by Type (2018-2023)
1.3.3 Global Space Solar Cells Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Space Solar Cells Sales Breakdown by Type (2018-2023)
1.4.2 Europe Space Solar Cells Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Space Solar Cells Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Space Solar Cells Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Space Solar Cells Sales Breakdown by Type (2018-2023)
2 Global Space Solar Cells Market Competition by Company
2.1 Global Top Players by Space Solar Cells Sales (2018-2023)
2.2 Global Top Players by Space Solar Cells Revenue (2018-2023)
2.3 Global Top Players by Space Solar Cells Price (2018-2023)
2.4 Global Top Manufacturers Space Solar Cells Manufacturing Base Distribution, Sales Area, Product Type
2.5 Space Solar Cells Market Competitive Situation and Trends
2.5.1 Space Solar Cells Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Space Solar Cells Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Space Solar Cells as of 2022)
2.7 Date of Key Manufacturers Enter into Space Solar Cells Market
2.8 Key Manufacturers Space Solar Cells Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Space Solar Cells Status and Outlook by Region
3.1 Global Space Solar Cells Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Space Solar Cells Historic Market Size by Region
3.2.1 Global Space Solar Cells Sales in Volume by Region (2018-2023)
3.2.2 Global Space Solar Cells Sales in Value by Region (2018-2023)
3.2.3 Global Space Solar Cells Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Space Solar Cells Forecasted Market Size by Region
3.3.1 Global Space Solar Cells Sales in Volume by Region (2024-2029)
3.3.2 Global Space Solar Cells Sales in Value by Region (2024-2029)
3.3.3 Global Space Solar Cells Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Space Solar Cells by Application
4.1 Space Solar Cells Market Segment by Application
4.1.1 Space Solar Panel
4.1.2 Space Solar Array
4.2 Global Space Solar Cells Market Size by Application
4.2.1 Global Space Solar Cells Market Size Overview by Application (2018-2029)
4.2.2 Global Space Solar Cells Historic Market Size Review by Application (2018-2023)
4.2.3 Global Space Solar Cells Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Space Solar Cells Sales Breakdown by Application (2018-2023)
4.3.2 Europe Space Solar Cells Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Space Solar Cells Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Space Solar Cells Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Space Solar Cells Sales Breakdown by Application (2018-2023)
5 North America Space Solar Cells by Country
5.1 North America Space Solar Cells Historic Market Size by Country
5.1.1 North America Space Solar Cells Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Space Solar Cells Sales in Volume by Country (2018-2023)
5.1.3 North America Space Solar Cells Sales in Value by Country (2018-2023)
5.2 North America Space Solar Cells Forecasted Market Size by Country
5.2.1 North America Space Solar Cells Sales in Volume by Country (2024-2029)
5.2.2 North America Space Solar Cells Sales in Value by Country (2024-2029)
6 Europe Space Solar Cells by Country
6.1 Europe Space Solar Cells Historic Market Size by Country
6.1.1 Europe Space Solar Cells Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Space Solar Cells Sales in Volume by Country (2018-2023)
6.1.3 Europe Space Solar Cells Sales in Value by Country (2018-2023)
6.2 Europe Space Solar Cells Forecasted Market Size by Country
6.2.1 Europe Space Solar Cells Sales in Volume by Country (2024-2029)
6.2.2 Europe Space Solar Cells Sales in Value by Country (2024-2029)
7 Asia-Pacific Space Solar Cells by Region
7.1 Asia-Pacific Space Solar Cells Historic Market Size by Region
7.1.1 Asia-Pacific Space Solar Cells Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Space Solar Cells Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Space Solar Cells Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Space Solar Cells Forecasted Market Size by Region
7.2.1 Asia-Pacific Space Solar Cells Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Space Solar Cells Sales in Value by Region (2024-2029)
8 Latin America Space Solar Cells by Country
8.1 Latin America Space Solar Cells Historic Market Size by Country
8.1.1 Latin America Space Solar Cells Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Space Solar Cells Sales in Volume by Country (2018-2023)
8.1.3 Latin America Space Solar Cells Sales in Value by Country (2018-2023)
8.2 Latin America Space Solar Cells Forecasted Market Size by Country
8.2.1 Latin America Space Solar Cells Sales in Volume by Country (2024-2029)
8.2.2 Latin America Space Solar Cells Sales in Value by Country (2024-2029)
9 Middle East and Africa Space Solar Cells by Country
9.1 Middle East and Africa Space Solar Cells Historic Market Size by Country
9.1.1 Middle East and Africa Space Solar Cells Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Space Solar Cells Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Space Solar Cells Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Space Solar Cells Forecasted Market Size by Country
9.2.1 Middle East and Africa Space Solar Cells Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Space Solar Cells Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Rocket Labs (SolAero Technologies)
10.1.1 Rocket Labs (SolAero Technologies) Company Information
10.1.2 Rocket Labs (SolAero Technologies) Introduction and Business Overview
10.1.3 Rocket Labs (SolAero Technologies) Space Solar Cells Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Rocket Labs (SolAero Technologies) Space Solar Cells Products Offered
10.1.5 Rocket Labs (SolAero Technologies) Recent Development
10.2 Spectrolab
10.2.1 Spectrolab Company Information
10.2.2 Spectrolab Introduction and Business Overview
10.2.3 Spectrolab Space Solar Cells Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Spectrolab Space Solar Cells Products Offered
10.2.5 Spectrolab Recent Development
10.3 Azur Space
10.3.1 Azur Space Company Information
10.3.2 Azur Space Introduction and Business Overview
10.3.3 Azur Space Space Solar Cells Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Azur Space Space Solar Cells Products Offered
10.3.5 Azur Space Recent Development
10.4 Sharp
10.4.1 Sharp Company Information
10.4.2 Sharp Introduction and Business Overview
10.4.3 Sharp Space Solar Cells Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Sharp Space Solar Cells Products Offered
10.4.5 Sharp Recent Development
10.5 CETC Solar Energy Holdings
10.5.1 CETC Solar Energy Holdings Company Information
10.5.2 CETC Solar Energy Holdings Introduction and Business Overview
10.5.3 CETC Solar Energy Holdings Space Solar Cells Sales, Revenue and Gross Margin (2018-2023)
10.5.4 CETC Solar Energy Holdings Space Solar Cells Products Offered
10.5.5 CETC Solar Energy Holdings Recent Development
10.6 MicroLink Devices
10.6.1 MicroLink Devices Company Information
10.6.2 MicroLink Devices Introduction and Business Overview
10.6.3 MicroLink Devices Space Solar Cells Sales, Revenue and Gross Margin (2018-2023)
10.6.4 MicroLink Devices Space Solar Cells Products Offered
10.6.5 MicroLink Devices Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Space Solar Cells Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Space Solar Cells Industrial Chain Analysis
11.4 Space Solar Cells Market Dynamics
11.4.1 Space Solar Cells Industry Trends
11.4.2 Space Solar Cells Market Drivers
11.4.3 Space Solar Cells Market Challenges
11.4.4 Space Solar Cells Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Space Solar Cells Distributors
12.3 Space Solar Cells Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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