Increase in demand for renewable energy sources over conventional fuels and government initiatives toward energy conservation drive the growth of the global solar cells market. However, lack of awareness of solar cells is a major factor that restrains the market growth. Decrease in price of solar components, supportive government initiatives to promote use of solar cells, and stringent government norms toward emission present new opportunities in the industry.
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The global solar cells market is segmented on the basis of technology, product type, grid, application, and geography.
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