According to TechNavioTM, the market for miniature solar cells is forecast to reach $9.1 billion by 2012 from $3 billion in 2008; thus, growing at a CAGR of 32.3 percent over the forecast period.
As a result of increased competition and rapidly declining solar prices, solar manufacturers are starting to face huge margin contractions. Regulatory pressures, diminishing incentives in key markets, technological evolution, and a shifting environmental mindset of the consumer have become the key factors that are changing the dynamics of the solar industry.
Under these circumstances, concerns such as how much hazardous material will be used, the efforts to improve manufacturing processes & the industry™s efforts, and initiatives towards developing clean technology are expected to determine the future of this market.
The report Global Market for Miniature Solar Cells 2008-2012 published by TechNavioTM Insights showcases the key trends in the miniature solar cells market. It also includes the market size, segmentation, and market drivers of the market. For further information on this report, you can visit: https://www.technavio.com/content/global-market-miniature-solar-cells-200…
Global Market for Miniature Solar Cells 2008-2012
