Market Overview:
The global monocrystalline cells market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for solar energy across the globe. Monocrystalline cells are made of high-quality silicon and offer high conversion efficiency as compared to other types of solar cells. These cells are mainly used in grid-connected and distributed photovoltaic power generation applications. The single-sided cell segment is expected to account for the majority share of the global monocrystalline cells market in 2018, followed by double-sided cell segments. The Asia Pacific region is expected to dominate the global monocrystalline cells market during the forecast period, owing to rising demand for solar energy in countries such as China and India.
Product Definition:
A monocrystalline solar cell is a type of solar cell made from a single crystal of silicon. Monocrystalline cells are the most efficient and expensive type of solar cell available on the market.
Single-sided Cell:
Single-sided cell, it's usage and growth factor in monocrystalline cells market is expected to witness significant growth over the forecast period. The single-sided cell, also known as 1P or 1C cell, is a type of stem cell with a limited differentiation capacity that can be used for transplantation therapies.
Double-sided Cell:
Double-sided cell and its usage in monocrystalline cells market is a technology that involves the production of power using only one side of the cell. The other side of the double-sided cell is used to generate electricity for charging batteries. This technology has been around for quite some time, but it has gained significant traction in recent years due to advancements in manufacturing techniques and economies of scale.
Application Insights:
The grid-connected photovoltaic power generation application segment dominated the global monocrystalline cells market in 2017, accounting for over 45.0% share of the overall revenue. The segment is projected to witness significant growth over the forecast period owing to rising demand from countries, such as Germany and Japan, which are highly industrialized and have a high requirement of electricity generated from solar power plants.
Monocrystalline silicon modules are used in independent PVPG systems due to their low cost along with excellent energy yield; however, polycrystalline silicon is preferred for this application since it has higher efficiency than module type products do.
Regional Analysis:
Asia Pacific dominated the global monocrystalline cells market in 2016 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 30% in 2016 owing to increasing demand from emerging economies, such as China and India. In addition, favorable government policies regarding solar energy are anticipated to drive regional growth over the forecast period.
The European market is projected to grow at a significant rate during the forecast years due to rising installations of solar panels across countries such as Germany, Italy, Spain and France on account of declining fossil fuel prices coupled with subsidies provided by governments for installation of these systems. Rising awareness among people about renewable energy sources is also expected favorably impact industry growths over next few years.
Growth Factors:
- Increasing demand from the solar energy sector: The global market for solar energy is expected to grow at a CAGR of more than 12% during the forecast period. This is primarily owing to the increasing awareness about the benefits of using solar energy and government initiatives to promote its use. Monocrystalline cells are preferred for use in solar panels as they offer high efficiency and long life span.
- Rising demand from electric vehicles: The global electric vehicle market is expected to grow at a CAGR of more than 20% during the forecast period. This is primarily owing to stringent emission norms by governments across the world and increasing consumer preference for environment-friendly modes of transportation. Monocrystalline cells offer high efficiency and durability, making them ideal for use in electric vehicles.
- Growing demand from consumer electronics sector: The global consumer electronics market is projected to grow at a CAGR of more than 5% during the forecast period, owing to rapid technological advancements and rising disposable income levels across emerging economies worldwide .Monocrystalline cells are used in a wide range of electronic devices such as smartphones, laptops, tablets, etc., due their superior performance characteristics over other cell types..
Scope Of The Report
Report Attributes
Report Details
Report Title
Monocrystalline Cells Market Research Report
By Type
Single-sided Cell, Double-sided Cell
By Application
Independent Photovoltaic Power Generation, Grid-connected Photovoltaic Power Generation, Distributed Photovoltaic Power Generation
By Companies
LONGi Green Energy Technology, JinkoSolar, Trina Solar, JA Solar, Canadian Solar, Tongwei Solar, Zhonghuan Semiconductor, Risen Energy, Hanwha Q CELLS, Jiangsu Solarspace
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
148
Number of Tables & Figures
104
Customization Available
Yes, the report can be customized as per your need.
Global Monocrystalline Cells Market Report Segments:
The global Monocrystalline Cells market is segmented on the basis of:
Types
Single-sided Cell, Double-sided 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
Independent Photovoltaic Power Generation, Grid-connected Photovoltaic Power Generation, Distributed Photovoltaic Power Generation
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:
- LONGi Green Energy Technology
- JinkoSolar
- Trina Solar
- JA Solar
- Canadian Solar
- Tongwei Solar
- Zhonghuan Semiconductor
- Risen Energy
- Hanwha Q CELLS
- Jiangsu Solarspace
Highlights of The Monocrystalline Cells 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:
- Single-sided Cell
- Double-sided Cell
- By Application:
- Independent Photovoltaic Power Generation
- Grid-connected Photovoltaic Power Generation
- Distributed Photovoltaic Power Generation
- 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 Monocrystalline Cells 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
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- Consumer Insights
- Understanding Competition Scenario
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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 monocrystalline cell is a type of solar cell that uses only one kind of crystal to produce electricity. Monocrystalline cells are more efficient than polycrystalline cells, but they are also more expensive to make.
Some of the key players operating in the monocrystalline cells market are LONGi Green Energy Technology, JinkoSolar, Trina Solar, JA Solar, Canadian Solar, Tongwei Solar, Zhonghuan Semiconductor, Risen Energy, Hanwha Q CELLS, Jiangsu Solarspace.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Monocrystalline Cells Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Monocrystalline Cells Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Monocrystalline Cells Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Monocrystalline Cells Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Monocrystalline Cells Market Size & Forecast, 2020-2028 4.5.1 Monocrystalline Cells Market Size and Y-o-Y Growth 4.5.2 Monocrystalline Cells Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Single-sided Cell
5.2.2 Double-sided Cell
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Independent Photovoltaic Power Generation
6.2.2 Grid-connected Photovoltaic Power Generation
6.2.3 Distributed Photovoltaic Power Generation
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Monocrystalline Cells Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Monocrystalline Cells Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Single-sided Cell
9.6.2 Double-sided Cell
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Independent Photovoltaic Power Generation
9.10.2 Grid-connected Photovoltaic Power Generation
9.10.3 Distributed Photovoltaic Power Generation
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Single-sided Cell
10.6.2 Double-sided Cell
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Independent Photovoltaic Power Generation
10.10.2 Grid-connected Photovoltaic Power Generation
10.10.3 Distributed Photovoltaic Power Generation
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Single-sided Cell
11.6.2 Double-sided Cell
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Independent Photovoltaic Power Generation
11.10.2 Grid-connected Photovoltaic Power Generation
11.10.3 Distributed Photovoltaic Power Generation
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Single-sided Cell
12.6.2 Double-sided Cell
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Independent Photovoltaic Power Generation
12.10.2 Grid-connected Photovoltaic Power Generation
12.10.3 Distributed Photovoltaic Power Generation
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Single-sided Cell
13.6.2 Double-sided Cell
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Independent Photovoltaic Power Generation
13.10.2 Grid-connected Photovoltaic Power Generation
13.10.3 Distributed Photovoltaic Power Generation
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Monocrystalline Cells Market: Competitive Dashboard
14.2 Global Monocrystalline Cells Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 LONGi Green Energy Technology
14.3.2 JinkoSolar
14.3.3 Trina Solar
14.3.4 JA Solar
14.3.5 Canadian Solar
14.3.6 Tongwei Solar
14.3.7 Zhonghuan Semiconductor
14.3.8 Risen Energy
14.3.9 Hanwha Q CELLS
14.3.10 Jiangsu Solarspace