When Linde announced in mid-March that it had been awarded multiple gas and chemical supply contracts for a number of world leading photovoltaic (PV) cell manufacturer’s first plants in South East Asia, it threw fresh spotlight on the potential that this market affords.
Although specific companies – and how many – were not disclosed, it is understood that the Tier One business will provide materials and engineering solutions to deliver high-value advantages to customers in the competitive PV Asian market. Expansion in the PV industry is moving quickly in countries such as Thailand, Malaysia and India, and cell manufacturers are taking advantage of the growing markets.
This is affirmed in recent research reports from both Grand View Research, Inc. and Research and Markets, each offering bullish growth expectations for the global solar cell market, gasworld found. According to the former global solar cell industry is expected to reach over 1,087.0 GW by 2022, with emerging economies including China, Indonesia, India and Japan expected to experience significant growth in the market – owing to supportive government programmes and policies – over the next seven years. Meanwhile, Research and Markets projects the global solar cell market as poised to grow at a compound annual growth rate (CAGR) of around 23.8% during its study period from 2015 to 2025.
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