Market Overview:
The global photovoltaic half-cell module 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 solar energy across the globe. In addition, government initiatives and subsidies for installation of solar panels are also contributing to the growth of this market. Based on type, monocrystalline half-cell modules are expected to account for a major share of the global photovoltaic half-cell module market during the forecast period. This can be attributed to their high efficiency as compared with other types of modules. Polycrystalline half-cell modules are also expected to witness significant growth during the forecast period owing to their low cost and easy installation process. Based on application, PV power stations are anticipated hold a dominant position in terms of revenue contribution in 2018.
Product Definition:
A photovoltaic (PV) half-cell module is a PV module that has been divided into two equal halves. One half produces voltage, and the other produces current. This design allows for the monitoring of each half-cell's performance separately, which can be helpful in identifying problems and improving system efficiency.
Monocrystalline Half-cell:
Monocrystalline half-cell, also known as single crystal or monoclinic silicon half-cell is a crystalline form of Silicon. It has one large molecule of silicon (Si) along with a small region of lower density which is responsible for the majority of the light absorption in this material. Monocrystalline materials are used to manufacture solar panels and other semiconductor devices such as LEDs and photodiodes.
Polycrystalline Half-cell:
Polycrystalline half-cell is a new technology that has been developed to overcome the limitations of amorphous silicon. It can deliver higher efficiencies at low temperatures and lower cost, which makes it suitable for use in large-scale power generation applications. Polycrystalline half-cell modules are expected to gain market share over the next few years owing to their ability to provide better performance under adverse weather conditions and high temperature operating conditions as compared with amorphous silicon PV modules.
Application Insights:
The market is segmented on the basis of application into power station, commercial, and residential. The power stations segment dominated the global photovoltaic half-cell module market in 2017 owing to its high capacity utilization. The growing demand for clean energy is propelling growth across all regions.
The commercial application segment accounted for a significant share in 2017 and will continue to witness strong growth over the forecast period owing to rising investments by government bodies and private companies in solar energy generation projects. For instance, as per a 2016 study by Mercom Capital Group LLC., it was estimated that around USD 300 billion would be invested globally from 2010 to 2020 while around USD 400 billion would be invested annually from 2021 onward till 2026 thereby accounting for an annual average of about USD 700 billion over the projected period which would result in driving solar PV installations worldwide during this time span resulting in increasing demand across all regions including North America, Europe, Asia Pacific and Middle East & Africa.
Regional Analysis:
Europe accounted for the largest market share of over 35% in 2017. The region is expected to dominate the industry on account of rising installations in countries, such as Germany, Italy, and Spain. In addition, favorable government policies and subsidies are anticipated to boost demand for solar power generation across Europe. For instance, under the Renewable Energy Directive (RED), member states are required to achieve a target of 27% renewable energy consumption by 2020 from fossil fuels and 14% from biomass.
Growth Factors:
- Increasing demand for renewable energy: The global increase in the demand for renewable energy is one of the primary growth drivers for the photovoltaic half-cell module market. This is because governments are now focusing on reducing their dependence on fossil fuels, which leads to greenhouse gas emissions.
- Declining prices of solar modules: The declining prices of solar modules has led to an increase in the adoption of solar power across the globe. This is because when the cost of installing a system falls, it becomes more affordable for consumers and businesses alike, thereby driving market growth.
- Favorable government policies and incentives: Governments across different countries are providing various forms of financial assistance and policy support to promote the adoption of solar power systems. Such initiatives are aiding in faster market growth rates globally.
Scope Of The Report
Report Attributes
Report Details
Report Title
Photovoltaic Half-cell Module Market Research Report
By Type
Monocrystalline Half-cell, Polycrystalline Half-cell
By Application
PV Power Station, Commercial, Residential, Others
By Companies
REC Solar, Jiangsu Seraphim Solar, LONGi Solar, Vikram Solar, Canadian Solar, Hanwha Solutions, Jinko Solar, JA Solar, Risen Energy, Trina Solar, SPIC Xi'an Solar Power Co., Ltd, Solarland (Wuxi) Co., Ltd, Amerisolar, Voltacon Solar
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
120
Number of Tables & Figures
84
Customization Available
Yes, the report can be customized as per your need.
Global Photovoltaic Half-cell Module Market Report Segments:
The global Photovoltaic Half-cell Module market is segmented on the basis of:
Types
Monocrystalline Half-cell, Polycrystalline Half-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
PV Power Station, Commercial, Residential, Others
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:
- REC Solar
- Jiangsu Seraphim Solar
- LONGi Solar
- Vikram Solar
- Canadian Solar
- Hanwha Solutions
- Jinko Solar
- JA Solar
- Risen Energy
- Trina Solar
- SPIC Xi'an Solar Power Co., Ltd
- Solarland (Wuxi) Co., Ltd
- Amerisolar
- Voltacon Solar
Highlights of The Photovoltaic Half-cell Module 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:
- Monocrystalline Half-cell
- Polycrystalline Half-cell
- By Application:
- PV Power Station
- Commercial
- Residential
- Others
- 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 Photovoltaic Half-cell Module 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 photovoltaic half-cell module is a type of solar cell that can convert sunlight directly into electricity.
Some of the major players in the photovoltaic half-cell module market are REC Solar, Jiangsu Seraphim Solar, LONGi Solar, Vikram Solar, Canadian Solar, Hanwha Solutions, Jinko Solar, JA Solar, Risen Energy, Trina Solar, SPIC Xi'an Solar Power Co., Ltd, Solarland (Wuxi) Co., Ltd, Amerisolar, Voltacon Solar.
The photovoltaic half-cell module market is expected to grow at a compound annual growth rate of 10%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Photovoltaic Half-cell Module 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 Photovoltaic Half-cell Module Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Photovoltaic Half-cell Module 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 Photovoltaic Half-cell Module 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 Photovoltaic Half-cell Module Market Size & Forecast, 2020-2028
4.5.1 Photovoltaic Half-cell Module Market Size and Y-o-Y Growth
4.5.2 Photovoltaic Half-cell Module 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 Monocrystalline Half-cell
5.2.2 Polycrystalline Half-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 PV Power Station
6.2.2 Commercial
6.2.3 Residential
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Photovoltaic Half-cell Module 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 Photovoltaic Half-cell Module 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 Monocrystalline Half-cell
9.6.2 Polycrystalline Half-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 PV Power Station
9.10.2 Commercial
9.10.3 Residential
9.10.4 Others
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 Monocrystalline Half-cell
10.6.2 Polycrystalline Half-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 PV Power Station
10.10.2 Commercial
10.10.3 Residential
10.10.4 Others
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 Monocrystalline Half-cell
11.6.2 Polycrystalline Half-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 PV Power Station
11.10.2 Commercial
11.10.3 Residential
11.10.4 Others
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 Monocrystalline Half-cell
12.6.2 Polycrystalline Half-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 PV Power Station
12.10.2 Commercial
12.10.3 Residential
12.10.4 Others
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 Monocrystalline Half-cell
13.6.2 Polycrystalline Half-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 PV Power Station
13.10.2 Commercial
13.10.3 Residential
13.10.4 Others
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 Photovoltaic Half-cell Module Market: Competitive Dashboard
14.2 Global Photovoltaic Half-cell Module Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 REC Solar
14.3.2 Jiangsu Seraphim Solar
14.3.3 LONGi Solar
14.3.4 Vikram Solar
14.3.5 Canadian Solar
14.3.6 Hanwha Solutions
14.3.7 Jinko Solar
14.3.8 JA Solar
14.3.9 Risen Energy
14.3.10 Trina Solar
14.3.11 SPIC Xi'an Solar Power Co., Ltd
14.3.12 Solarland (Wuxi) Co., Ltd
14.3.13 Amerisolar
14.3.14 Voltacon Solar
