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The global back contact solar cells market is leading due to a rise in the demand for efficient and cost-effective characteristics. Back Contact (BC) solar cells are designed uniquely. This is a type of solar cell where all electrical connections are located on the back of the cell. It means that the front of the cell, facing the sun, is not obstructed by metal lines (called grids). In a BC solar cell, the front end is completely free of electrical lining barriers. All electrical components are backed up to maximize solar power and output.
Technological Advancements in the Solar Energy Market are Leading the Growth of the Market
Advances in electronic technology and cell design led to the development of more efficient and cost-effective reversible cells. Research and development efforts are focused on improving light absorption, reducing cell resistance, and increasing cell stability. These technological advances are expected to improve the performance and reduce the production cost of solar-powered solar panels, making them more competitive in the global market.
Structural Complexity in the Manufacturing of BC Solar Cells is Challenging the Growth of the Market
The major challenge in BC solar cell technology is the use of metal electrodes to remove charge carriers. Due to the high defect in direct metal-electrode interfaces, these connections are important for recombination. The manufacturing process of double-layer cells, compared to conventional monocrystalline cells is to insert an additional layer at the back of the cell and create a hole next to this additional layer.
Increasing Demand for Solar Energy to Influence Market Growth
The growing global demand for renewable energy sources, along with growing concern about climate change, has increased the use of solar photovoltaic (PV) systems. Contact-back solar cells, which are more cost-effective and have lower production costs compared to conventional solar cells, are gaining momentum in the global market. Governments around the world are implementing policies and incentives to promote the use of solar energy, making the solar market even stronger. This growing demand for solar energy will continue to be an opportunity for the industry over the coming years.
By Type | By Application | By End-User | By Geography |
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The report covers the following key insights:
Based on type, the market is fragmented into interdigitated back contact solar cell (IBC), heterojunction back contact solar cell (HBC), and passivated emitter and rear contact solar cell (PERC).
The IBC or interdigitated back contact cells are a configuration of back contact solar cells. Rear contact solar cells can be made more efficient by moving all or part of the front contact line to the back of the device. An IBC cell is a back contact type with positive and negative metal electrons arranged in a forked finger shape on the surface of the light bulb. The simple configuration of IBC cells is making it popular in the BC solar cells market.
By application, the market is divided into photovoltaic power plants and building integrated photovoltaics (BIPV).
The building integrated photovoltaic (BIPV) segment is expected to witness significant growth over the coming years due to the increasing demand for energy-efficient buildings and awareness of sustainable construction. BIPV systems are growing in popularity as they provide both manufacturing and manufacturing benefits, contributing to market growth.
Based on end-user, the market is fragmented into residential, commercial, and industrial.
The commercial segment is expected to maintain its dominance due to the increasing use of solar panels in commercial buildings due to their energy efficiency and affordability. The residential and industrial sectors are growing, owing to the increasing awareness of the benefits of renewable energy sources and incentives from the government to adopt renewable energy.
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Based on region, the market has been studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America is expected to maintain its dominance as the market grows due to increasing demand for renewable energy sources in the region.
Europe is another key market for contact solar cells, with countries such as Germany and Italy leading the way in adoption.
The Asia Pacific is the leading region, with exceptional growth in China's solar cell market at the global level. Government investments, private sector collaborations, and industrial technological developments are the main reasons influencing regional growth. For instance, according to the International Energy Agency, China has invested over USD 50 billion in PV supply capacity – around 10 times more than Europe. In addition, in 2021, China’s solar PV exports were around USD 30 billion. Furthermore, Chinese investments in Vietnam and Malaysia made these countries major exporters of photovoltaic products. The total value of global PV-related trade – comprising wafers, polysilicon, modules, and cells – surpassed USD 40 billion in 2021, a growth of over 70% from 2020.
BC solar cell technologies in the Middle East & Africa and Latin America are at initial stages of development. With easing efficiency in solar cell technology, the use of these solar cells will rise over the coming years.
The global back contact solar cells market is fragmented, with the presence of a large number of group manufacturers in the market.
The report includes the profiles of the following key players:
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