Market Overview:
The global polycrystalline silicon photovoltaic module market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for renewable energy sources across the globe and government initiatives and subsidies for promoting solar energy installations. Based on type, the global polycrystalline silicon photovoltaic module market is segmented into one-sided and double-sided modules. The one-sided modules segment is expected to account for a larger share of the market in 2018, owing to their lower cost as compared to double-sided modules. However, with technological advancements, double-sided modules are becoming more popular due their higher efficiency levels as compared to one-sided modules. Based on application, the global polycrystalline silicon photovoltaic module market is segmented into residential, commercial and industrial applications.
Product Definition:
A photovoltaic (PV) module is a packaged, connected assembly of solar cells that generates electrical power. A PV module is a physical structure consisting of one or more solar cells and an appropriate frame, designed for mounting on a roof or other surface.
One-sided:
One-sided, it's usage and growth factor in Polycrystalline Silicon Photovoltaic Module market? One-sided, it's usage and growth factor in Polycrystalline Silicon Photovoltaic Modules market is expected to grow at a significant rate over the forecast period. The demand for one-sided, its usage and growth factors are directly proportional to the demand for polycrystalline silicon photovoltaics modules.
Double-sided:
Double-sided refers to the structure of a solar cell, where both sides of the crystalline silicon wafer are exposed to light. The module is used in various applications including residential and non-residential buildings, ground-mounted and rooftop PV systems. Increasing demand for electricity along with growing concerns regarding energy conservation is expected to drive double-sided photovoltaic (PV) module market growth over the forecast period.
Application Insights:
The market is segmented based on application into residential, commercial and industrial. The residential sector accounted for the largest share in 2016 owing to rising demand from countries such as China, India, Mexico and the U.S. Furthermore, favorable government policies in these regions coupled with subsidies are expected to increase demand over the forecast period.
The commercial sector includes government buildings/schools/universities etc., which washes electricity bills and produces own power using photovoltaic modules. Increasing number of schools & colleges in India is expected to be one of the key drivers for this market over the forecast period due to increasing awareness about education among people especially women who constitute a major part of student population across developing countries including India thus driving industry growth over next seven years or so (Polycrystalline silicon PV module).
Industrial applications include manufacturing facilities that produce their own power using photovoltaic modules along with corporate offices parks hospitals etc.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing market, registering a CAGR of XX% from 2018 to 2030 owing to increasing government subsidies and favorable policies for large-scale investments in the region. In addition, growing population and rapid urbanization are likely to drive demand over the forecast period.
The European market accounted for more than 25% of global revenue in 2017 due to high penetration rates of polycrystalline silicon photovoltaic modules across various end-use sectors such as residential, commercial and industrial applications in countries including Germany, Italy and Spain among others. Moreover, rising environmental concerns have resulted in increased product adoption across this region which is further anticipated to propel growth during the forecast period.
North America was valued at USD X billion in 2017 owing with presence of major manufacturers such as Trina Solar Limited., Canadian Solar Inc., Silex Systems Inc.
Growth Factors:
- Increasing demand for renewable energy: The growth of the polycrystalline silicon photovoltaic module market is mainly driven by the increasing demand for renewable energy across the globe. This is because solar energy is a clean and sustainable source of power that does not produce any harmful emissions.
- Declining prices of solar modules: The prices of solar modules have been declining steadily over the past few years, making them more affordable for consumers. This has helped to boost the adoption of solar power worldwide.
- Government incentives and subsidies: Several governments around the world are providing incentives and subsidies for installing solar panels, which is helping to drive market growth.
Scope Of The Report
Report Attributes
Report Details
Report Title
Polycrystalline Silicon Photovoltaic Module Market Research Report
By Type
One-sided, Double-sided
By Application
Residential, Commercial, Industrial
By Companies
Sharp, Bosch, BenQ, Hyundai, Suntech, Amerisolar, Sunowe Photovoltaic, Solarfun Power, Q Cells
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
173
Number of Tables & Figures
122
Customization Available
Yes, the report can be customized as per your need.
Global Polycrystalline Silicon Photovoltaic Module Market Report Segments:
The global Polycrystalline Silicon Photovoltaic Module market is segmented on the basis of:
Types
One-sided, Double-sided
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:
- Sharp
- Bosch
- BenQ
- Hyundai
- Suntech
- Amerisolar
- Sunowe Photovoltaic
- Solarfun Power
- Q Cells
Highlights of The Polycrystalline Silicon Photovoltaic 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:
- One-sided
- Double-sided
- 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 Polycrystalline Silicon Photovoltaic 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 polycrystalline silicon photovoltaic module is a solar cell made from many small, individual crystalline silicon cells. This type of solar cell has the advantage of being cheaper to produce than traditional monocrystalline modules, but it also has lower efficiency ratings.
Some of the major companies in the polycrystalline silicon photovoltaic module market are Sharp, Bosch, BenQ, Hyundai, Suntech, Amerisolar, Sunowe Photovoltaic, Solarfun Power, Q Cells.
The polycrystalline silicon photovoltaic module market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Polycrystalline Silicon Photovoltaic 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 Polycrystalline Silicon Photovoltaic Module Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Polycrystalline Silicon Photovoltaic 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 Polycrystalline Silicon Photovoltaic 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 Polycrystalline Silicon Photovoltaic Module Market Size & Forecast, 2020-2028
4.5.1 Polycrystalline Silicon Photovoltaic Module Market Size and Y-o-Y Growth
4.5.2 Polycrystalline Silicon Photovoltaic 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 One-sided
5.2.2 Double-sided
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 Residential
6.2.2 Commercial
6.2.3 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Polycrystalline Silicon Photovoltaic 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 Polycrystalline Silicon Photovoltaic 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 One-sided
9.6.2 Double-sided
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 Residential
9.10.2 Commercial
9.10.3 Industrial
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 One-sided
10.6.2 Double-sided
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 Residential
10.10.2 Commercial
10.10.3 Industrial
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 One-sided
11.6.2 Double-sided
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 Residential
11.10.2 Commercial
11.10.3 Industrial
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 One-sided
12.6.2 Double-sided
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 Residential
12.10.2 Commercial
12.10.3 Industrial
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 One-sided
13.6.2 Double-sided
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 Residential
13.10.2 Commercial
13.10.3 Industrial
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 Silicon Photovoltaic Module Market: Competitive Dashboard
14.2 Global Polycrystalline Silicon Photovoltaic Module Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sharp
14.3.2 Bosch
14.3.3 BenQ
14.3.4 Hyundai
14.3.5 Suntech
14.3.6 Amerisolar
14.3.7 Sunowe Photovoltaic
14.3.8 Solarfun Power
14.3.9 Q Cells
