Introduction:

A photovoltaic (PV) cell, also known as a solar cell, is a device that allows light to be reflected, absorbed, or passed directly through it. The PV cell is made of semiconductor material, which conducts electricity better than an insulator but not as well as a strong conductor such as a metal. PV cells are made up of a variety of semiconductor materials. The efficiency of a PV cell is simply the amount of electrical power generated by the cell in comparison to the energy emitted by the light shining on it, indicating how efficient the cell is at transferring energy from one type to another.

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A photovoltaic (PV) cell is an energy harvesting technology that uses the photovoltaic effect to transform solar energy into usable electricity. PV cells come in a variety of shapes and sizes, but they all depend on semiconductors to communicate with photons from the Sun to produce an electric current. Solar photovoltaic (PV) cells produce electricity by absorbing sunlight and converting it into an electrical current. A single solar panel contains several PV cells, and the current produced by all of the cells combined is called the total current.

Uses of Solar Photovoltaic Cell:

Solar or PV cells are lightweight, long-lasting, and low-maintenance. Its first use was in communication satellites, and it has since been used in a variety of solar cell applications for various purposes:

1.   Transportation with Solar Cells: Solar energy is used in automobiles. Photovoltaic cells generate this solar energy. This energy is either stored in a battery or used to fuel a motor.

2.   Photovoltaic Cells in Calculators: Photovoltaic cells are used in solar-powered calculators. Solar energy is used in these calculators. The sun's light provides the necessary energy for calculators to work. Solar calculators perform admirably in bright sunlight.

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3.   Solar Cell Panels: These panels are used as a solar heater to heat water. This water is suitable for bathing. It can also be used to generate electricity. People can store this energy in a backup battery and use it in the event of a power outage. People can also store this energy and use it to produce electricity in their homes, lowering their electricity bills and saving money.

4.   Benefits of Solar Cells: Solar energy is a clean source of energy. It saves money by lowering the energy bill. Maintenance is easy and inexpensive, so the overall cost of ownership is minimal. It is one of the best non-renewable energy alternatives.

Manufacturing Process:

To produce solar cells, the raw materials—silicon dioxide from quartzite grit or crushed quartz—are first heated in an electric arc furnace, where the oxygen is released by a carbon arc. Carbon dioxide and molten silicon are the end products. The silicon is still not clean enough to be used in solar or photovoltaic cells and needs to be purified further.

Books: - BOOKS & DATABASES

A solar cell's most basic component is pure silicon, which is not pure in its natural state. Other semiconductor products and solar cells use some of the same processing and manufacturing techniques. Solar cells, on the other hand, are exempt from the stringent criteria for cleanliness and quality control that apply to semiconductor fabrication, reducing costs.

Market Outlook:

Solar photovoltaic (PV) installed capacity is projected to rise at a compound annual growth rate (CAGR) of more than 8.5 percent, reaching nearly 4.4 GW by 2026, up from 2.7 GW in 2019. The declining cost of solar PV and associated systems is a major driver of the global solar PV industry. In comparison to 2010, solar PV module prices have dropped by nearly 73 percent in 2019. Due to rising disposable incomes and the global economy's rapid development, the global solar photovoltaic (PV) panels market offers a variety of opportunities to market participants. Furthermore, utility-scale solar photovoltaic (PV) is in high demand due to improving solar photovoltaic (PV) cost competitiveness and the electricity demand.

Profile- Project Reports & Profiles

According to a study, solar photovoltaic installed capacity surpassed 12 GW in 2016-17. So far, the Southern area of India has dominated major solar installations. In the last four years, the Indian solar photovoltaic market has seen tremendous growth in terms of new capacity addition. The market is governed by large domestic and foreign project developers, with government involvement when required. With the government's increased emphasis on developing the renewable energy sector, India's solar photovoltaic market has already taken off, with the aim of reaching 100 GW of solar power generation capacity by 2022.

Indian Government policy on Solar Energy:

Solar energy is a rapidly growing industry in India. As of November 30, 2020, the country's solar installed capacity was 36.9 GW. The Indian government set a target of 20 gigawatts of power for 2022, which was met four years ahead of time.

Market Research: - Market Research Report

The goal was increased in 2015 to 100 GW of solar energy by 2022 (including 40 GW from rooftop solar), with a target investment of $100 billion. Nearly 42 solar parks have been developed in India to provide land to solar plant developers. India proposed the International Solar Alliance (ISA) as a founding member, and it is headquartered in India. To harness abundant solar power on a global scale, India has proposed the concepts of "One Sun, One World, One Grid" and "World Solar Bank."

Key Player:

·         Suntech Power Holding Co. Ltd.

·         Sun Power Corporation

·         First Solar Inc.

·         Yingli Green Energy Holding Co. Ltd.

·         Canadian Solar Inc.

·         Schott Solar Ag.

·         Sharp Corporation

·         Solar World Ag

·         Jinko Solar Holding Company Ltd

·         Trina Solar Ltd

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