Market Overview:
The global crystalline solar cell market is expected to grow at a CAGR of over 10% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for renewable energy sources across the globe and government initiatives and subsidies for promoting solar energy. In terms of type, the mono-Si cell segment is expected to dominate the market during the forecast period owing to its high efficiency as compared to other types of cells. In terms of application, residential segment is expected to hold a major share in terms of revenue in 2018 and is projected grow at a CAGR of over 11%. Geographically, North America dominates the global crystalline solar cell market followed by Europe and Asia Pacific.
Product Definition:
A crystalline solar cell is a type of photovoltaic cell, made from a single or polycrystalline silicon wafer, that uses sunlight to generate electricity. The importance of crystalline solar cells is that they are more efficient than other types of solar cells and can be produced at a lower cost.
Mono-Si Cell:
Mono-Si cell is a crystalline silicon solar cell with an integrated back sheet. It has one face that is towards the substrate and the other face which is facing away from the substrate, this allows both sunlight and heat to equally penetrate through its material. Mono-Si cells are used in applications where space constraints or weight limitations exist, for instance; on satellites where space is limited or if extra weight would add up to the satellite's cost.
Multi-Si Cell:
Multi-Si cell is a new technology that integrates more than two solar cells into a single module. It helps in increasing the efficiency of crystalline silicon solar cells and reduces the manufacturing cost by eliminating unnecessary steps during fabrication. Multi-Si cell can be used for various applications including building-integrated photovoltaic (BIPV) applications, residential & commercial roof top installations, and off grid power generation among others.
Application Insights:
The residential application segment accounted for the largest share of over 30% in 2017. Crystalline silicon solar cells are used in large scale for residential applications, owing to their low installation cost and easy availability. The product is manufactured in small sizes, which makes it suitable for use on roofs of houses.
Crystalline silicon solar cell manufacturers are focusing on increasing their market penetration by expanding their distribution channels and offering customized products to meet the diverse needs of end-users. For instance, Enel X developed a product specifically designed for off-grid cabin power generation that uses CSiS technology under the brand name ¢â‚¬ËœEnel X CSiS Off Grid Power System¢â‚¬â„¢. Such initiatives by industry players will help them gain a significant edge over other competitors operating in this market space over the forecast period.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period owing to increasing government support and rising investments in renewable energy. For instance, China has implemented various policies such as feed-in tariff (FIT) program forcrystalline solar cells which provides subsidies on a monthly basis based on the capacity of installation. This policy is likely to encourage crystalline solar cell installations in China, thereby driving regional market growth. In addition, Japan has also announced plans for phasing out fossil fuels by 2030 which will further drive market growth over the coming years.
Europe was estimated as being worth USD X billion in 2016 and is anticipated to witness significant growth during the forecast period due to growing concerns regarding global warming caused by carbon emissions from fossil fuel power plants and rapid development of clean energy sources such as crystalline solar cells.
Growth Factors:
- Increasing demand for energy due to population growth and industrialization in developing countries
- Government policies and regulations supporting the use of solar energy
- Reduction in the cost of solar cells and installation
- Development of new technologies that improve performance or reduce costs
- Increased awareness about the benefits of solar energy
Scope Of The Report
Report Attributes
Report Details
Report Title
Crystalline Solar Cell Market Research Report
By Type
Mono-Si Cell, Multi-Si Cell
By Application
Residential, Commercial, Industrial
By Companies
Yingli, Sharp, JA Solar, Trina, Jinko Solar, Neo Solar Power, Motech, Sanyo Solar, Gintech Energy, Canadian Solar, Hareon Solar, Hanwha, Kyocera Solar, TongWei Solar, SolarWorld, SunPower, Eging PV
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Crystalline Solar Cell Market Report Segments:
The global Crystalline Solar Cell market is segmented on the basis of:
Types
Mono-Si Cell, Multi-Si Cell
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Commercial, Industrial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Yingli
- Sharp
- JA Solar
- Trina
- Jinko Solar
- Neo Solar Power
- Motech
- Sanyo Solar
- Gintech Energy
- Canadian Solar
- Hareon Solar
- Hanwha
- Kyocera Solar
- TongWei Solar
- SolarWorld
- SunPower
- Eging PV
Highlights of The Crystalline Solar Cell Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Mono-Si Cell
- Multi-Si Cell
- By Application:
- Residential
- Commercial
- Industrial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Crystalline Solar Cell Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A crystalline solar cell is a type of photovoltaic cell that uses crystals to convert sunlight into electrical energy. Crystalline cells are more efficient than other types of solar cells because they can absorb more light energy and convert it into electricity with less power needed to drive the device.
Some of the key players operating in the crystalline solar cell market are Yingli, Sharp, JA Solar, Trina, Jinko Solar, Neo Solar Power, Motech, Sanyo Solar, Gintech Energy, Canadian Solar, Hareon Solar, Hanwha, Kyocera Solar, TongWei Solar, SolarWorld, SunPower, Eging PV.
The crystalline solar cell market is expected to grow at a compound annual growth rate of 10%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Crystalline Solar Cell Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Crystalline Solar Cell Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Crystalline Solar Cell Market - Supply Chain
4.5. Global Crystalline Solar Cell Market Forecast
4.5.1. Crystalline Solar Cell Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Crystalline Solar Cell Market Size (000 Units) and Y-o-Y Growth
4.5.3. Crystalline Solar Cell Market Absolute $ Opportunity
5. Global Crystalline Solar Cell Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Crystalline Solar Cell Market Size and Volume Forecast by Type
5.3.1. Mono-Si Cell
5.3.2. Multi-Si Cell
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Crystalline Solar Cell Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Crystalline Solar Cell Market Size and Volume Forecast by Application
6.3.1. Residential
6.3.2. Commercial
6.3.3. Industrial
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Crystalline Solar Cell Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Crystalline Solar Cell Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Crystalline Solar Cell Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Crystalline Solar Cell Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Crystalline Solar Cell Demand Share Forecast, 2019-2026
9. North America Crystalline Solar Cell Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Crystalline Solar Cell Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Crystalline Solar Cell Market Size and Volume Forecast by Application
9.4.1. Residential
9.4.2. Commercial
9.4.3. Industrial
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Crystalline Solar Cell Market Size and Volume Forecast by Type
9.7.1. Mono-Si Cell
9.7.2. Multi-Si Cell
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Crystalline Solar Cell Demand Share Forecast, 2019-2026
10. Latin America Crystalline Solar Cell Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Crystalline Solar Cell Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Crystalline Solar Cell Market Size and Volume Forecast by Application
10.4.1. Residential
10.4.2. Commercial
10.4.3. Industrial
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Crystalline Solar Cell Market Size and Volume Forecast by Type
10.7.1. Mono-Si Cell
10.7.2. Multi-Si Cell
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Crystalline Solar Cell Demand Share Forecast, 2019-2026
11. Europe Crystalline Solar Cell Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Crystalline Solar Cell Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Crystalline Solar Cell Market Size and Volume Forecast by Application
11.4.1. Residential
11.4.2. Commercial
11.4.3. Industrial
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Crystalline Solar Cell Market Size and Volume Forecast by Type
11.7.1. Mono-Si Cell
11.7.2. Multi-Si Cell
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projectios by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Crystalline Solar Cell Demand Share, 2019-2026
12. Asia Pacific Crystalline Solar Cell Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Crystalline Solar Cell Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Crystalline Solar Cell Market Size and Volume Forecast by Application
12.4.1. Residential
12.4.2. Commercial
12.4.3. Industrial
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Crystalline Solar Cell Market Size and Volume Forecast by Type
12.7.1. Mono-Si Cell
12.7.2. Multi-Si Cell
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Crystalline Solar Cell Demand Share, 2019-2026
13. Middle East & Africa Crystalline Solar Cell Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Crystalline Solar Cell Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Crystalline Solar Cell Market Size and Volume Forecast by Application
13.4.1. Residential
13.4.2. Commercial
13.4.3. Industrial
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Crystalline Solar Cell Market Size and Volume Forecast by Type
13.7.1. Mono-Si Cell
13.7.2. Multi-Si Cell
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Crystalline Solar Cell Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Crystalline Solar Cell Market: Market Share Analysis
14.2. Crystalline Solar Cell Distributors and Customers
14.3. Crystalline Solar Cell Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Yingli
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Sharp
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. JA Solar
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Trina
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Jinko Solar
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Neo Solar Power
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Motech
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Sanyo Solar
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Gintech Energy
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Canadian Solar
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Hareon Solar
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Hanwha
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Kyocera Solar
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. TongWei Solar
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. SolarWorld
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. SunPower
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Eging PV
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook