The global photovoltaic cell and modules market is expected to grow at a CAGR of 8.2% during the forecast period, from 2021 to 2030. The market is driven by factors such as increasing demand for renewable energy sources, government initiatives for promoting renewable energy sources, and increasing investments in solar power projects. The single crystal silicon segment accounted for the largest share of the global photovoltaic cell and modules market in 2018. This segment is expected to continue its dominance throughout the forecast period due to its high efficiency levels and low production costs. The residential application segment accounted for the largest share of the global photovoltaic cell and modules market in 2018 due to its high growth potential owing to increased awareness about solar power among consumers coupled with government initiatives that promote installation of rooftop solar panels on homes or buildings.
Some Of The Growth Factors Of This Market:
- Photovoltaic cells and modules are used in residential and commercial buildings as well as utility scale power plants to generate electricity from sunlight.
Industry Growth Insights published a new data on “Photovoltaic Cell and Modules Market”. The research report is titled “Photovoltaic Cell and Modules Market research by Types (Single Crystal Silicon, Polycrystalline Silicon, Other), By Applications (Residential, Commercial, Ground Station, Others), By Players/Companies Hanwha, First Solar, SunPower, Elkem Solar, Sharp, Kyocera Solar, Solar Frontier, Solarworld, Delsolar (NSP), Trina Solar, Canadian Solar, Jinko Solar, JA Solar, GCL System Integration, Yingli, Shunfeng, ReneSola, Risen, Chint Group, Hareonsolar, Eging PV, CSUN, BYD, HT-SAAE”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Photovoltaic Cell and Modules Market Research Report
By Type
Single Crystal Silicon, Polycrystalline Silicon, Other
By Application
Residential, Commercial, Ground Station, Others
By Companies
Hanwha, First Solar, SunPower, Elkem Solar, Sharp, Kyocera Solar, Solar Frontier, Solarworld, Delsolar (NSP), Trina Solar, Canadian Solar, Jinko Solar, JA Solar, GCL System Integration, Yingli, Shunfeng, ReneSola, Risen, Chint Group, Hareonsolar, Eging PV, CSUN, BYD, HT-SAAE
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
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Photovoltaic Cell and Modules Market Report Segments:
The global Photovoltaic Cell and Modules market is segmented on the basis of:
Types
Single Crystal Silicon, Polycrystalline Silicon, Other
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, Ground Station, 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:
- Hanwha
- First Solar
- SunPower
- Elkem Solar
- Sharp
- Kyocera Solar
- Solar Frontier
- Solarworld
- Delsolar (NSP)
- Trina Solar
- Canadian Solar
- Jinko Solar
- JA Solar
- GCL System Integration
- Yingli
- Shunfeng
- ReneSola
- Risen
- Chint Group
- Hareonsolar
- Eging PV
- CSUN
- BYD
- HT-SAAE
Highlights of The Photovoltaic Cell and 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 Crystal Silicon
- Polycrystalline Silicon
- Other
- By Application:
- Residential
- Commercial
- Ground Station
- 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 Cell and 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.
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- Correctly Positioning New Products
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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 photovoltaic cell is a device that converts sunlight into electricity. Solar cells are made up of several layers of materials, including an electrode, a layer of semiconductor material, and another layer of protective material. When light hits the solar cell, it causes electrons to flow from the electrode to the semiconductor material. This process creates an electric current that can be used to power devices like lights or electronic gadgets. Solar modules are large arrays of these cells connected together so they can generate electricity for use by humans or machines.
Some of the key players operating in the photovoltaic cell and modules market are Hanwha, First Solar, SunPower, Elkem Solar, Sharp, Kyocera Solar, Solar Frontier, Solarworld, Delsolar (NSP), Trina Solar, Canadian Solar, Jinko Solar, JA Solar, GCL System Integration, Yingli, Shunfeng, ReneSola, Risen, Chint Group, Hareonsolar, Eging PV, CSUN, BYD, HT-SAAE.
The photovoltaic cell and modules market is expected to grow at a compound annual growth rate of 8.2%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Photovoltaic Cell and Modules 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. Photovoltaic Cell and Modules Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Photovoltaic Cell and Modules Market - Supply Chain
4.5. Global Photovoltaic Cell and Modules Market Forecast
4.5.1. Photovoltaic Cell and Modules Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Photovoltaic Cell and Modules Market Size (000 Units) and Y-o-Y Growth
4.5.3. Photovoltaic Cell and Modules Market Absolute $ Opportunity
5. Global Photovoltaic Cell and Modules 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. Photovoltaic Cell and Modules Market Size and Volume Forecast by Type
5.3.1. Single Crystal Silicon
5.3.2. Polycrystalline Silicon
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Photovoltaic Cell and Modules 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. Photovoltaic Cell and Modules Market Size and Volume Forecast by Application
6.3.1. Residential
6.3.2. Commercial
6.3.3. Ground Station
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Photovoltaic Cell and Modules 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. Photovoltaic Cell and Modules 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 Photovoltaic Cell and Modules 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. Photovoltaic Cell and Modules 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 Photovoltaic Cell and Modules Demand Share Forecast, 2019-2026
9. North America Photovoltaic Cell and Modules 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 Photovoltaic Cell and Modules 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 Photovoltaic Cell and Modules Market Size and Volume Forecast by Application
9.4.1. Residential
9.4.2. Commercial
9.4.3. Ground Station
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Photovoltaic Cell and Modules Market Size and Volume Forecast by Type
9.7.1. Single Crystal Silicon
9.7.2. Polycrystalline Silicon
9.7.3. Other
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 Photovoltaic Cell and Modules Demand Share Forecast, 2019-2026
10. Latin America Photovoltaic Cell and Modules 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 Photovoltaic Cell and Modules 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 Photovoltaic Cell and Modules Market Size and Volume Forecast by Application
10.4.1. Residential
10.4.2. Commercial
10.4.3. Ground Station
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Photovoltaic Cell and Modules Market Size and Volume Forecast by Type
10.7.1. Single Crystal Silicon
10.7.2. Polycrystalline Silicon
10.7.3. Other
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 Photovoltaic Cell and Modules Demand Share Forecast, 2019-2026
11. Europe Photovoltaic Cell and Modules 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 Photovoltaic Cell and Modules 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 Photovoltaic Cell and Modules Market Size and Volume Forecast by Application
11.4.1. Residential
11.4.2. Commercial
11.4.3. Ground Station
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Photovoltaic Cell and Modules Market Size and Volume Forecast by Type
11.7.1. Single Crystal Silicon
11.7.2. Polycrystallne Silicon
11.7.3. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections 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 Photovoltaic Cell and Modules Demand Share, 2019-2026
12. Asia Pacific Photovoltaic Cell and Modules 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 Photovoltaic Cell and Modules 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 Photovoltaic Cell and Modules Market Size and Volume Forecast by Application
12.4.1. Residential
12.4.2. Commercial
12.4.3. Ground Station
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Photovoltaic Cell and Modules Market Size and Volume Forecast by Type
12.7.1. Single Crystal Silicon
12.7.2. Polycrystalline Silicon
12.7.3. Other
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 Photovoltaic Cell and Modules Demand Share, 2019-2026
13. Middle East & Africa Photovoltaic Cell and Modules 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 Photovoltaic Cell and Modules 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 Photovoltaic Cell and Modules Market Size and Volume Forecast by Application
13.4.1. Residential
13.4.2. Commercial
13.4.3. Ground Station
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Photovoltaic Cell and Modules Market Size and Volume Forecast by Type
13.7.1. Single Crystal Silicon
13.7.2. Polycrystalline Silicon
13.7.3. Other
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 Photovoltaic Cell and Modules Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Photovoltaic Cell and Modules Market: Market Share Analysis
14.2. Photovoltaic Cell and Modules Distributors and Customers
14.3. Photovoltaic Cell and Modules Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Hanwha
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. First Solar
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. SunPower
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Elkem Solar
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Sharp
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Kyocera Solar
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Solar Frontier
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Solarworld
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Delsolar (NSP)
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Trina 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. Canadian 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. Jinko Solar
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. JA 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. GCL System Integration
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Yingli
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Shunfeng
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. ReneSola
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Risen
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Chint Group
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Hareonsolar
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook