Market Overview:
The global polycrystalline modules market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this 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. The global polycrystalline modules market is segmented on the basis of type, application and region. On the basis of type, it is divided into single-sided glass components and double-sided glass components. Single-sided glass components are further classified into monocrystalline silicon cells and multicrystalline silicon cells while double-sided glass components are further classified into two types: back contact cells and front contact cells. On the basis of application, it is divided into three segments: independent photovoltaic power generation, grid-connected photovoltaic power generation and distributed photovoltaic power generation. Regionally, it is analyzed across five regions: North America, Latin America, Europe Asia Pacific and Middle East & Africa (MEA).
Product Definition:
Polycrystalline Modules are PV modules made of multiple, small crystalline silicon cells that are manufactured simultaneously. They offer good performance with lower costs than monocrystalline modules. Polycrystalline modules have a slightly lower efficiency than monocrystalline modules, but this is often offset by their lower manufacturing cost.
Single-sided Glass Components:
Single-sided glass components are used in polycrystalline modules production. Polycrystalline modules are made from fine particles of glass that are held together by interconnecting them through thin films. The most important factor driving the market is increasing demand for energy-efficient lighting systems, as these products have a high light transmittance rate and offer better performance as compared to traditional TOLED displays.
Double-sided Glass Components:
Double-sided glass components are used in polycrystalline modules to provide thermal and electrical conductivity. Polycrystalline modules consist of a core of glass particles coated with a thin film of aluminum on both sides. The module is then sealed in an epoxy resin, which also acts as the electrical insulator.
Application Insights:
The grid-connected photovoltaic power generation application segment accounted for the largest market share of over 50% in 2017. The growing need to increase the electricity production to meet the rising demand from residential and commercial sectors is expected to drive industry growth over the forecast period.
Independent photovoltaic power generation application is projected register a significant CAGR of XX% during the forecast period, 2018 to 2030 owing to increasing government support for promoting renewable energy sources such as solar and wind across various countries in Asia Pacific, including China, Japan, India and Australia among others.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The region accounted for a share of more than 30% in 2016 and is anticipated to witness significant growth owing to increasing government initiatives for sustainable energy generation, coupled with rising demand for electricity in emerging economies such as China and India.
The European market was valued at USD X million in 2016, which can be attributed to high manufacturing volume of polycrystalline modules across countries such as Germany, Italy, Spain and France. Moreover, growing adoption of renewable energy sources by countries including Austria, Belgium, Denmark (Greenland), Finland (Estonia) Sweden Switzerland will drive industry expansion over the next eight years.
North America occupied a significant share in 2016 owing to early adoption of polycrystalline solar technology by U.S.
Growth Factors:
- Increasing demand for renewable energy: The growth of the polycrystalline modules market is mainly driven by the increasing demand for renewable energy across the globe. This is due to the growing concerns over climate change and rising electricity costs.
- Government initiatives and subsidies: Governments across the globe are promoting the use of renewable energy through various initiatives and subsidies, which is aiding in the growth of polycrystalline modules market.
- Declining prices of solar PV systems: The prices of solar PV systems have been declining significantly in recent years, owing to advancements in technology and increased production capacities worldwide. This is resulting in an increase in their adoption, thereby driving demand for polycrystalline modules market globally.
- Growing awareness about benefits of solar power: There has been a significant rise in awareness about solar power among consumers in recent years, owing to its numerous benefits such as reducing electricity bills and greenhouse gas emissions etcetera .This is aiding its adoption which is subsequently propelling growth prospects for polycrystalline module market globally . 5) Technological advancements : Ongoing technological advancements are helping reduce manufacturing costs of polycrystalline modules , making them more affordable thus fuelling their uptake
Scope Of The Report
Report Attributes
Report Details
Report Title
Polycrystalline Modules Market Research Report
By Type
Single-sided Glass Components, Double-sided Glass Components
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, Hanwha Q CELLS, Zhonghuan Semiconductor, Risen Energy, Chint 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
157
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Polycrystalline Modules Market Report Segments:
The global Polycrystalline Modules market is segmented on the basis of:
Types
Single-sided Glass Components, Double-sided Glass Components
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
- Hanwha Q CELLS
- Zhonghuan Semiconductor
- Risen Energy
- Chint Solar
Highlights of The Polycrystalline Modules 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 Glass Components
- Double-sided Glass Components
- 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 Polycrystalline Modules 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?
Polycrystalline modules are made up of many small crystals that are packed together. This makes the module more efficient and less likely to fail.
Some of the major companies in the polycrystalline modules market are LONGi Green Energy Technology, JinkoSolar, Trina Solar, JA Solar, Canadian Solar, Tongwei Solar, Hanwha Q CELLS, Zhonghuan Semiconductor, Risen Energy, Chint Solar.
The polycrystalline modules market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Polycrystalline Modules 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 Polycrystalline Modules Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Polycrystalline Modules 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 Polycrystalline Modules 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 Polycrystalline Modules Market Size & Forecast, 2020-2028
4.5.1 Polycrystalline Modules Market Size and Y-o-Y Growth
4.5.2 Polycrystalline Modules 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 Glass Components
5.2.2 Double-sided Glass Components
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 Polycrystalline Modules 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 Polycrystalline Modules 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 Glass Components
9.6.2 Double-sided Glass Components
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 Glass Components
10.6.2 Double-sided Glass Components
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 Glass Components
11.6.2 Double-sided Glass Components
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 Glass Components
12.6.2 Double-sided Glass Components
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 Glass Components
13.6.2 Double-sided Glass Components
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 Polycrystalline Modules Market: Competitive Dashboard
14.2 Global Polycrystalline Modules 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 Hanwha Q CELLS
14.3.8 Zhonghuan Semiconductor
14.3.9 Risen Energy
14.3.10 Chint Solar
