Photocell Market Size, Competitors & Forecast to 2031

The global photocell market was valued at $2.3 billion in 2021, and is projected to reach $3.6 billion by 2031, growing at a CAGR of 4.9% from 2022 to 2031.

Photocell is a device used in various applications such as automatic lights, automatic doors, aviation, meteorology, burglar alarm, smoke alarms, safety switch, light meters, and other things. Photocells are easy to use, require low-power & do not wear out, have high reliability, and easy installation, easy availability, very low cost, and advanced creative systems.

Different types of photocell material used in end-user applications, including automatic lights, automatic doors, aviation, meteorology applications are studied in this report. Increase in smart cities infrastructural developments, deployment of national highways, airport and building & construction activities across the globe are the major drivers that boost the growth of the global photocell market. Development of highly efficient photocell and incentives to deploy them are projected to drive the photocell market growth in the coming years. Moreover, government initiatives & investments toward different infrastructure projects in smart real estate and public infrastructures are expected to create opportunities for key players that operate in the market during the forecast period.

The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the key areas of investment. In addition, it includes Porter’s five forces analysis to understand the competitive scenario of the industry and role of each stakeholder. The report features the strategies adopted by key market players to maintain their foothold in the market.

It highlights the competitive landscape of the key players to increase their market share and sustain intense competition in the industry. The photocell market is segmented on the basis of type, material used, application, and region. Depending on type, the market is bifurcated into photo conductive cell, photo emissive cell, and photo voltaic cell.

On the basis of material used, it is categorized into photo conductive cell, photo emissive cell, and photo voltaic cell. By application, it is divided into automatic lights, automatic doors, aviation, and meteorology. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The global photocell market covers in-depth information of the major photocell industry participants. Some of the major players in the photocell market include, ABB, Ltd., Autonics Corporation, Banner Engineering Corp., Goodman Electric, Green Energy Technologies, Pepperl+Fuchs SE, REC Solar Holdings AS, Shenzhen Enbon Optoelectronic Co., Ltd., SICK AG, SELCO Solar Light Private Limited, Solarworld, TDC Power Products Co., Ltd., Unitech Combustion, Walnut Innovations, and Westire Technology Ltd.

KEY BENEFITS FOR STAKEHOLDERS

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the photocell market analysis from 2021 to 2031 to identify the prevailing photocell market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the photocell market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global photocell market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Type

Photo Conductive cell
Photo Emissive Cell
Photo Voltaic Cell

By Voltage Rating

Crystalline Silicon
Amorphous Silicon
Polysilicon

By Application

Automatic Lights
Automatic Doors
Aviation
Meteorology

By Region

North America
U.S.
Canada
Mexico
Europe
Germany
France
Italy
Spain
UK
Rest Of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest Of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest Of LAMEA

Key Market Players

Targray Technology International Inc
Lanco Solar
LDK Solar
SolarWorld
MEMC Electronic Materials, Inc.
Zhonghuan Semiconductor Corporation
Green Energy Technology
Sino-American Silicon Products Inc.
Renewable Energy Corporation
nexolon

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CHAPTER 1: INTRODUCTION

1.1.Report description
1.2.Key market segments
1.3.Key benefits to the stakeholders
1.4.Research Methodology
1.4.1.Secondary research
1.4.2.Primary research
1.4.3.Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1.Key findings of the study
2.2.CXO Perspective

CHAPTER 3: MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key findings
3.2.1.Top investment pockets
3.3.Porter’s five forces analysis
3.4.Top player positioning
3.5.Market dynamics
3.5.1.Drivers
3.5.2.Restraints
3.5.3.Opportunities
3.6.COVID-19 Impact Analysis on the market
3.7.Key Regulation Analysis

CHAPTER 4: PHOTOCELL MARKET, BY TYPE

4.1 Overview
4.1.1 Market size and forecast
4.2 Photo Conductive cell
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Photo Emissive Cell
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Photo Voltaic Cell
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country

CHAPTER 5: PHOTOCELL MARKET, BY VOLTAGE RATING

5.1 Overview
5.1.1 Market size and forecast
5.2 Crystalline Silicon
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Amorphous Silicon
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Polysilicon
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country

CHAPTER 6: PHOTOCELL MARKET, BY APPLICATION

6.1 Overview
6.1.1 Market size and forecast
6.2 Automatic Lights
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Automatic Doors
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.4 Aviation
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country
6.5 Meteorology
6.5.1 Key market trends, growth factors and opportunities
6.5.2 Market size and forecast, by region
6.5.3 Market analysis by country

CHAPTER 7: PHOTOCELL MARKET, BY REGION

7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Type
7.2.3 North America Market size and forecast, by Voltage Rating
7.2.4 North America Market size and forecast, by Application
7.2.5 North America Market size and forecast, by country
7.2.5.1 U.S.
7.2.5.1.1 Market size and forecast, by Type
7.2.5.1.2 Market size and forecast, by Voltage Rating
7.2.5.1.3 Market size and forecast, by Application
7.2.5.2 Canada
7.2.5.2.1 Market size and forecast, by Type
7.2.5.2.2 Market size and forecast, by Voltage Rating
7.2.5.2.3 Market size and forecast, by Application
7.2.5.3 Mexico
7.2.5.3.1 Market size and forecast, by Type
7.2.5.3.2 Market size and forecast, by Voltage Rating
7.2.5.3.3 Market size and forecast, by Application
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Type
7.3.3 Europe Market size and forecast, by Voltage Rating
7.3.4 Europe Market size and forecast, by Application
7.3.5 Europe Market size and forecast, by country
7.3.5.1 Germany
7.3.5.1.1 Market size and forecast, by Type
7.3.5.1.2 Market size and forecast, by Voltage Rating
7.3.5.1.3 Market size and forecast, by Application
7.3.5.2 France
7.3.5.2.1 Market size and forecast, by Type
7.3.5.2.2 Market size and forecast, by Voltage Rating
7.3.5.2.3 Market size and forecast, by Application
7.3.5.3 Italy
7.3.5.3.1 Market size and forecast, by Type
7.3.5.3.2 Market size and forecast, by Voltage Rating
7.3.5.3.3 Market size and forecast, by Application
7.3.5.4 Spain
7.3.5.4.1 Market size and forecast, by Type
7.3.5.4.2 Market size and forecast, by Voltage Rating
7.3.5.4.3 Market size and forecast, by Application
7.3.5.5 UK
7.3.5.5.1 Market size and forecast, by Type
7.3.5.5.2 Market size and forecast, by Voltage Rating
7.3.5.5.3 Market size and forecast, by Application
7.3.5.6 Rest of Europe
7.3.5.6.1 Market size and forecast, by Type
7.3.5.6.2 Market size and forecast, by Voltage Rating
7.3.5.6.3 Market size and forecast, by Application
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Type
7.4.3 Asia-Pacific Market size and forecast, by Voltage Rating
7.4.4 Asia-Pacific Market size and forecast, by Application
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Market size and forecast, by Type
7.4.5.1.2 Market size and forecast, by Voltage Rating
7.4.5.1.3 Market size and forecast, by Application
7.4.5.2 Japan
7.4.5.2.1 Market size and forecast, by Type
7.4.5.2.2 Market size and forecast, by Voltage Rating
7.4.5.2.3 Market size and forecast, by Application
7.4.5.3 India
7.4.5.3.1 Market size and forecast, by Type
7.4.5.3.2 Market size and forecast, by Voltage Rating
7.4.5.3.3 Market size and forecast, by Application
7.4.5.4 Australia
7.4.5.4.1 Market size and forecast, by Type
7.4.5.4.2 Market size and forecast, by Voltage Rating
7.4.5.4.3 Market size and forecast, by Application
7.4.5.5 South Korea
7.4.5.5.1 Market size and forecast, by Type
7.4.5.5.2 Market size and forecast, by Voltage Rating
7.4.5.5.3 Market size and forecast, by Application
7.4.5.6 Rest of Asia-Pacific
7.4.5.6.1 Market size and forecast, by Type
7.4.5.6.2 Market size and forecast, by Voltage Rating
7.4.5.6.3 Market size and forecast, by Application
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Type
7.5.3 LAMEA Market size and forecast, by Voltage Rating
7.5.4 LAMEA Market size and forecast, by Application
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Brazil
7.5.5.1.1 Market size and forecast, by Type
7.5.5.1.2 Market size and forecast, by Voltage Rating
7.5.5.1.3 Market size and forecast, by Application
7.5.5.2 Saudi Arabia
7.5.5.2.1 Market size and forecast, by Type
7.5.5.2.2 Market size and forecast, by Voltage Rating
7.5.5.2.3 Market size and forecast, by Application
7.5.5.3 South Africa
7.5.5.3.1 Market size and forecast, by Type
7.5.5.3.2 Market size and forecast, by Voltage Rating
7.5.5.3.3 Market size and forecast, by Application
7.5.5.4 Rest of LAMEA
7.5.5.4.1 Market size and forecast, by Type
7.5.5.4.2 Market size and forecast, by Voltage Rating
7.5.5.4.3 Market size and forecast, by Application

CHAPTER 8: COMPANY LANDSCAPE

8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments

CHAPTER 9: COMPANY PROFILES

9.1 Targray Technology International Inc
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 Lanco Solar
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 LDK Solar
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 SolarWorld
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 MEMC Electronic Materials, Inc.
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 Zhonghuan Semiconductor Corporation
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 Green Energy Technology,
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 Sino-American Silicon Products Inc.
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 Renewable Energy Corporation
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 nexolon
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments

List of Tables

Table 1. Global Global Embedded Fpga Market, by Technology, 2021-2031 ($Million)
Table 2. Global Embedded Fpga Market Size, for Eeprom, by Region, 2021-2031 ($Million)
Table 3. Global Embedded Fpga Market for Eeprom, by Country, 2021-2031 ($Million)
Table 4. Global Embedded Fpga Market Size, for Antifuse, by Region, 2021-2031 ($Million)
Table 5. Global Embedded Fpga Market for Antifuse, by Country, 2021-2031 ($Million)
Table 6. Global Embedded Fpga Market Size, for Sram, by Region, 2021-2031 ($Million)
Table 7. Global Embedded Fpga Market for Sram, by Country, 2021-2031 ($Million)
Table 8. Global Embedded Fpga Market Size, for Flash, by Region, 2021-2031 ($Million)
Table 9. Global Embedded Fpga Market for Flash, by Country, 2021-2031 ($Million)
Table 10. Global Embedded Fpga Market Size, for Others, by Region, 2021-2031 ($Million)
Table 11. Global Embedded Fpga Market for Others, by Country, 2021-2031 ($Million)
Table 12. Global Global Embedded Fpga Market, by Application, 2021-2031 ($Million)
Table 13. Global Embedded Fpga Market Size, for Data Processing, by Region, 2021-2031 ($Million)
Table 14. Global Embedded Fpga Market for Data Processing, by Country, 2021-2031 ($Million)
Table 15. Global Embedded Fpga Market Size, for Consumer Electronics, by Region, 2021-2031 ($Million)
Table 16. Global Embedded Fpga Market for Consumer Electronics, by Country, 2021-2031 ($Million)
Table 17. Global Embedded Fpga Market Size, for Industrial, by Region, 2021-2031 ($Million)
Table 18. Global Embedded Fpga Market for Industrial, by Country, 2021-2031 ($Million)
Table 19. Global Embedded Fpga Market Size, for Military & Aerospace, by Region, 2021-2031 ($Million)
Table 20. Global Embedded Fpga Market for Military & Aerospace, by Country, 2021-2031 ($Million)
Table 21. Global Embedded Fpga Market Size, for Automotive, by Region, 2021-2031 ($Million)
Table 22. Global Embedded Fpga Market for Automotive, by Country, 2021-2031 ($Million)
Table 23. Global Embedded Fpga Market Size, for Telecom, by Region, 2021-2031 ($Million)
Table 24. Global Embedded Fpga Market for Telecom, by Country, 2021-2031 ($Million)
Table 25. Global Embedded Fpga Market Size, for Others, by Region, 2021-2031 ($Million)
Table 26. Global Embedded Fpga Market for Others, by Country, 2021-2031 ($Million)
Table 27. Global Embedded Fpga Market, by Region, 2021-2031 ($Million)
Table 28. North America Global Embedded Fpga Market, by Technology, 2021-2031 ($Million)
Table 29. North America Global Embedded Fpga Market, by Application, 2021-2031 ($Million)
Table 30. North America Global Embedded Fpga Market, by Country, 2021-2031 ($Million)
Table 31. U.S. Global Embedded Fpga Market, by Technology, 2021-2031 ($Million)
Table 32. U.S. Global Embedded Fpga Market, by Application, 2021-2031 ($Million)
Table 33. Canada Global Embedded Fpga Market, by Technology, 2021-2031 ($Million)
Table 34. Canada Global Embedded Fpga Market, by Application, 2021-2031 ($Million)
Table 35. Mexico Global Embedded Fpga Market, by Technology, 2021-2031 ($Million)
Table 36. Mexico Global Embedded Fpga Market, by Application, 2021-2031 ($Million)
Table 37. Europe Global Embedded Fpga Market, by Technology, 2021-2031 ($Million)
Table 38. Europe Global Embedded Fpga Market, by Application, 2021-2031 ($Million)
Table 39. Europe Global Embedded Fpga Market, by Country, 2021-2031 ($Million)
Table 40. U.K. Global Embedded Fpga Market, by Technology, 2021-2031 ($Million)
Table 41. U.K. Global Embedded Fpga Market, by Application, 2021-2031 ($Million)
Table 42. Germany Global Embedded Fpga Market, by Technology, 2021-2031 ($Million)
Table 43. Germany Global Embedded Fpga Market, by Application, 2021-2031 ($Million)
Table 44. France Global Embedded Fpga Market, by Technology, 2021-2031 ($Million)
Table 45. France Global Embedded Fpga Market, by Application, 2021-2031 ($Million)
Table 46. Rest of Europe Global Embedded Fpga Market, by Technology, 2021-2031 ($Million)
Table 47. Rest of Europe Global Embedded Fpga Market, by Application, 2021-2031 ($Million)
Table 48. Asia-Pacific Global Embedded Fpga Market, by Technology, 2021-2031 ($Million)
Table 49. Asia-Pacific Global Embedded Fpga Market, by Application, 2021-2031 ($Million)
Table 50. Asia-Pacific Global Embedded Fpga Market, by Country, 2021-2031 ($Million)
Table 51. China Global Embedded Fpga Market, by Technology, 2021-2031 ($Million)
Table 52. China Global Embedded Fpga Market, by Application, 2021-2031 ($Million)
Table 53. Japan Global Embedded Fpga Market, by Technology, 2021-2031 ($Million)
Table 54. Japan Global Embedded Fpga Market, by Application, 2021-2031 ($Million)
Table 55. India Global Embedded Fpga Market, by Technology, 2021-2031 ($Million)
Table 56. India Global Embedded Fpga Market, by Application, 2021-2031 ($Million)
Table 57. Rest of Asia-Pacific Global Embedded Fpga Market, by Technology, 2021-2031 ($Million)
Table 58. Rest of Asia-Pacific Global Embedded Fpga Market, by Application, 2021-2031 ($Million)
Table 59. LAMEA Global Embedded Fpga Market, by Technology, 2021-2031 ($Million)
Table 60. LAMEA Global Embedded Fpga Market, by Application, 2021-2031 ($Million)
Table 61. LAMEA Global Embedded Fpga Market, by Country, 2021-2031 ($Million)
Table 62. Latin America Global Embedded Fpga Market, by Technology, 2021-2031 ($Million)
Table 63. Latin America Global Embedded Fpga Market, by Application, 2021-2031 ($Million)
Table 64. Middle East Global Embedded Fpga Market, by Technology, 2021-2031 ($Million)
Table 65. Middle East Global Embedded Fpga Market, by Application, 2021-2031 ($Million)
Table 66. Africa Global Embedded Fpga Market, by Technology, 2021-2031 ($Million)
Table 67. Africa Global Embedded Fpga Market, by Application, 2021-2031 ($Million)
Table 68. Achronix Semiconductor Corporation: Company Snapshot
Table 69. Achronix Semiconductor Corporation: Operating Segments
Table 70. Achronix Semiconductor Corporation: Product Portfolio
Table 71. Achronix Semiconductor Corporation: Net Sales
Table 72. Achronix Semiconductor Corporation: Key Stratergies
Table 73. Adicsys: Company Snapshot
Table 74. Adicsys: Operating Segments
Table 75. Adicsys: Product Portfolio
Table 76. Adicsys: Net Sales
Table 77. Adicsys: Key Stratergies
Table 78. Flex Logix Technologies: Company Snapshot
Table 79. Flex Logix Technologies: Operating Segments
Table 80. Flex Logix Technologies: Product Portfolio
Table 81. Flex Logix Technologies: Net Sales
Table 82. Flex Logix Technologies: Key Stratergies
Table 83. Menta S.A.S: Company Snapshot
Table 84. Menta S.A.S: Operating Segments
Table 85. Menta S.A.S: Product Portfolio
Table 86. Menta S.A.S: Net Sales
Table 87. Menta S.A.S: Key Stratergies
Table 88. Nanoxplore: Company Snapshot
Table 89. Nanoxplore: Operating Segments
Table 90. Nanoxplore: Product Portfolio
Table 91. Nanoxplore: Net Sales
Table 92. Nanoxplore: Key Stratergies
Table 93. Quicklogic Corporation: Company Snapshot
Table 94. Quicklogic Corporation: Operating Segments
Table 95. Quicklogic Corporation: Product Portfolio
Table 96. Quicklogic Corporation: Net Sales
Table 97. Quicklogic Corporation: Key Stratergies

List of Figures

Figure 1. Photocell Market Segmentation
Figure 2. Photocell Market,2021-2031
Figure 3. Photocell Market,2021-2031
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Photocell Market:Drivers, Restraints and Opportunities
Figure 12. Key Regulation Analysis
Figure 13. Photocell Market,By Type,2021(%)
Figure 14. Comparative Share Analysis of Photo Conductive Cell Photocell Market,2021-2031(%)
Figure 15. Comparative Share Analysis of Photo Emissive Cell Photocell Market,2021-2031(%)
Figure 16. Comparative Share Analysis of Photo Voltaic Cell Photocell Market,2021-2031(%)
Figure 17. Photocell Market,By Voltage Rating,2021(%)
Figure 18. Comparative Share Analysis of Crystalline Silicon Photocell Market,2021-2031(%)
Figure 19. Comparative Share Analysis of Amorphous Silicon Photocell Market,2021-2031(%)
Figure 20. Comparative Share Analysis of Polysilicon Photocell Market,2021-2031(%)
Figure 21. Photocell Market,By Application,2021(%)
Figure 22. Comparative Share Analysis of Automatic Lights Photocell Market,2021-2031(%)
Figure 23. Comparative Share Analysis of Automatic Doors Photocell Market,2021-2031(%)
Figure 24. Comparative Share Analysis of Aviation Photocell Market,2021-2031(%)
Figure 25. Comparative Share Analysis of Meteorology Photocell Market,2021-2031(%)
Figure 26. Photocell Market by Region,2021
Figure 27. U.S. Photocell Market,2021-2031($Million)
Figure 28. Canada Photocell Market,2021-2031($Million)
Figure 29. Mexico Photocell Market,2021-2031($Million)
Figure 30. Germany Photocell Market,2021-2031($Million)
Figure 31. France Photocell Market,2021-2031($Million)
Figure 32. Italy Photocell Market,2021-2031($Million)
Figure 33. Spain Photocell Market,2021-2031($Million)
Figure 34. Uk Photocell Market,2021-2031($Million)
Figure 35. Rest of Europe Photocell Market,2021-2031($Million)
Figure 36. China Photocell Market,2021-2031($Million)
Figure 37. Japan Photocell Market,2021-2031($Million)
Figure 38. India Photocell Market,2021-2031($Million)
Figure 39. Australia Photocell Market,2021-2031($Million)
Figure 40. South Korea Photocell Market,2021-2031($Million)
Figure 41. Rest of Asia-Pacific Photocell Market,2021-2031($Million)
Figure 42. Brazil Photocell Market,2021-2031($Million)
Figure 43. Saudi Arabia Photocell Market,2021-2031($Million)
Figure 44. South Africa Photocell Market,2021-2031($Million)
Figure 45. Rest of LAMEA Photocell Market,2021-2031($Million)
Figure 46. Top Winning Strategies, by Year
Figure 47. Top Winning Strategies, by Development
Figure 48. Top Winning Strategies, by Company
Figure 49. Product Mapping of Top 10 Players
Figure 50. Competitive Dashboard
Figure 51. Competitive Heatmap of Top 10 Key Players
Figure 52. Targray Technology International Inc.: Net Sales ,($Million)
Figure 53. Lanco Solar.: Net Sales ,($Million)
Figure 54. Ldk Solar.: Net Sales ,($Million)
Figure 55. Solarworld.: Net Sales ,($Million)
Figure 56. Memc Electronic Materials, Inc..: Net Sales ,($Million)
Figure 57. Zhonghuan Semiconductor Corporation.: Net Sales ,($Million)
Figure 58. Green Energy Technology,.: Net Sales ,($Million)
Figure 59. Sino-American Silicon Products Inc..: Net Sales ,($Million)
Figure 60. Renewable Energy Corporation.: Net Sales ,($Million)
Figure 61. Nexolon.: Net Sales ,($Million)

Executive Summary

According to the report, titled, “Photocell Market," the photocell market size was valued at $2.3 billion in 2021, and is estimated to reach $3.6 billion by 2031, growing at a CAGR of 4.9% from 2022 to 2031.

Photocells are semiconductor devices used to transform light into electric current. P-type and n-type semiconductor materials can be deposited onto a silicon base or other substrate to formulate photocell (e.g., gallium arsenide, indium antimonide). Photocell or photoresistor is a sensor that changes its resistance when light shines on it. This technique generates current in a direct relationship with incident light intensity. It is widely used in gadgets, toys, and other electronic components.

Photocells are used in automatic lights, automatic doors, aviation, meteorology, burglar alarm, smoke alarms, safety switch, light meters, and others, has fueled the demand for photocell market during the forecast period.

The automatic lights segment is expected to grow progressively with increase in highways & smarts cities and home automation demand from residential & commercial consumers across the globe. In addition, increase in demand for photocell from developing economies such as India, China, and Japan, has boosted the growth of market. In addition, presence of manufacturing facilities in the region fuels the growth of the market, globally.

However, poor economic performance, price-sensitive nature of consumers, and conventional practices in the material & equipment handling industry is anticipated to restrain the market. Inaccuracy of devices, affected by dust, smoke, & fog, entry of significant number of market participants, and rise in penetration of less power efficient sensors limit the growth of the global market.

On the contrary, the increased focus on integrating sensor solutions for applications and surge in R&D investments on advanced photocell technology across various industries are expected to offer major opportunities for the phtocell market growth during the forecast period.

Depending on the type, the photoconductive cell segment registered the highest market share of about 43.3% in 2021, and is expected to maintain its dominance during the forecast period. This is attributed to a rise in demand for photoconductive cells from applications including automatic lights, automatic doors, burglar alarms, smoke alarms, and light meters. In addition, the rise in adoption of photo conductive cells used as they are small in size, however inexpensive and durable and as they are safe for the environment, which is further anticipated to boost the demand for photo conductive cells in the coming years.

By material used, the crystalline silicon segment holds the largest share in terms of revenue and is expected to grow at a CAGR of 7.1% during the forecast period. This is attributed to the rise in demand for photocells from various types of applications, including automatic lights & automatic doors used in residential, commercial, and industrial settings. In addition, benefits associated with photocells such as high efficiency, high reliability, easy installation, easy availability, very low cost, and advanced creative systems are anticipated to fuel the growth of the photocell market from 2022 to 2031.

On the basis of application, the automatic light and aviation segment holds the largest share, in terms of revenue, and is expected to grow at a CAGR of 7.2% during the forecast period. Rise in demand for highly efficient resistor is expected to drive the growth of this segment in the photocell market during the forecast period. In addition, advantages such as longer lifespan, utility cost saving, sustainability, lower operational cost, are anticipated to fuel the growth of the photocell market for automatic light and aviation segment and hence is expected to contribute toward the overall photocell market growth in the coming years.

Region-wise, the phtocell market forecast is analyzed across four major regions, namely, North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific garnered a dominant share in 2021, and is anticipated to maintain this dominance in the photocell market during the forecast period. This is attributed to presence of key players and huge consumer base in the region. In addition, rapid growth of the smart cities, rise in demand for power in remote operations, rise in awareness, and R&D toward detection and measurement light are the key factors expected to drive the growth of the photocell market in Asia-Pacific in the coming years.

The key players operating and profiled in the phtocell market analysis include, ABB, Ltd., Autonics Corporation, Banner Engineering Corp., Goodman Electric, Green Energy Technologies, Pepperl+Fuchs SE, REC Solar Holdings AS, Shenzhen Enbon Optoelectronic Co., Ltd., SICK AG, SELCO Solar Light Private Limited, Solarworld, TDC Power Products Co., Ltd., Unitech Combustion, Walnut Innovations, and Westire Technology Ltd.

Impact of COVID-19 outbreak on the market
The outbreak of COVID-19 has negatively impacted various industries and countries across the globe. Decrease in growth rate of the industries such as building & construction, transportation, manufacturing, and energy sectors has been witnessed, owing to the lockdown imposed, globally. The COVID-19 outbreak has affected the demand as well as manufacturing for global. Moreover, the upstream and downstream channels have been affected due to restrictions on movement, which lead to increase in the number of inventories. The COVID-19 pandemic has impacted delivery times for electric vehicle projects, which is consequently hindering the demand for batteries. The delay in projects is owing to labor shortages.

Key Findings

By type, the photo voltaic cell segment accounted for about 43.3% of the share in the global photocell market in 2021, and is expected to maintain its dominance during the forecast period.

By material used, the crystalline silicon segment accounted for 42.3% photocell market share in 2021, and is anticipated to grow at a rate of 5.3% in terms of revenue, increasing the global photocell market share
By application, the aviation segment is the fastest-growing application segment in the global photocell market and is expected to grow at a CAGR of 5.3% during 2022-2031.

Asia-Pacific is expected to grow at the fastest rate, registering a CAGR of 5.5%, during the forecast period.

In 2021, Asia-Pacific dominated the photocell market with more than 39.1% of the share, in terms of revenue.

Companies Mentioned

Targray Technology International Inc
Lanco Solar
Ldk Solar
Solarworld
Memc Electronic Materials, Inc.
Zhonghuan Semiconductor Corporation
Green Energy Technology,
Sino-American Silicon Products Inc.
Renewable Energy Corporation
Nexolon

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
Scientific and technical writings for product information and related preemptions
Regional government and statistical databases for macro analysis
Authentic news articles and other related releases for market evaluation
Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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Table Information

Report Attribute	Details
No. of Pages	255
Published	August 2022
Forecast Period	2021 - 2031
Estimated Market Value ( USD ) in 2021	$ 2.3 billion
Forecasted Market Value ( USD ) by 2031	$ 3.6 billion
Compound Annual Growth Rate	4.6%
Regions Covered	Global
No. of Companies Mentioned	10

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Photocell Market By Type, By Voltage Rating, By Application: Global Opportunity Analysis and Industry Forecast, 2021-2031

KEY BENEFITS FOR STAKEHOLDERS

Key Market Segments

By Type

By Voltage Rating

By Application

By Region

Key Market Players

Table of Contents

Executive Summary

Key Findings

Companies Mentioned

Methodology

Table Information

KEY BENEFITS FOR STAKEHOLDERS

Key Market Segments

By Type

By Voltage Rating

By Application

By Region

Key Market Players

Table of Contents

Executive Summary

Key Findings

Companies Mentioned

Methodology

Table Information

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About the Photocell Market