The global photovoltaic 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 and government initiatives for promoting renewable energy sources. The residential segment accounted for the largest share in the global photovoltaic modules market in 2018, followed by commercial and industrial segments. North America was the leading region in terms of revenue contribution in 2018, followed by Europe and Asia Pacific.
Some Of The Growth Factors Of This Market:
- Increasing investments in solar power plants are also driving the growth of this market globally, especially in regions such as Asia Pacific and North America where there is an abundance of sunlight throughout the year which can be harnessed through solar panels installed on rooftops or large-scale solar farms that generate electricity from sunlight without any pollution or greenhouse gas emissions.
- In addition, technological advancements have led to increased efficiency levels for photovoltaic modules which has resulted in lower production costs and higher profitability margins for manufacturers over time; this has also contributed significantly towards the growth of this market globally during recent years.
Industry Growth Insights published a new data on “Photovoltaic Modules Market”. The research report is titled “Photovoltaic Modules Market research by Types (Single Crystal Silicon Modules, Polycrystalline Silicon Modules, Others), By Applications (Residential, Commercial, Industrial), By Players/Companies Tesla Industries, Amerisolar, Panasonic, Solar Frontier, BenQ, LG, Tile-Red, Solarwatt, Hyundai, Calyxo, Avancis, Qcells, Solibro-Hanergy, Solar Direct, Tianwei Solar, Sunlight Electronic, Canadian Solar, Enerpoint, Apollon Solar, Tamesol, Trienergia, Enphase Energy”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Photovoltaic Modules Market Research Report
By Type
Single Crystal Silicon Modules, Polycrystalline Silicon Modules, Others
By Application
Residential, Commercial, Industrial
By Companies
Tesla Industries, Amerisolar, Panasonic, Solar Frontier, BenQ, LG, Tile-Red, Solarwatt, Hyundai, Calyxo, Avancis, Qcells, Solibro-Hanergy, Solar Direct, Tianwei Solar, Sunlight Electronic, Canadian Solar, Enerpoint, Apollon Solar, Tamesol, Trienergia, Enphase Energy
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
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Photovoltaic Modules Market Report Segments:
The global Photovoltaic Modules market is segmented on the basis of:
Types
Single Crystal Silicon Modules, Polycrystalline Silicon Modules, Others
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:
- Tesla Industries
- Amerisolar
- Panasonic
- Solar Frontier
- BenQ
- LG
- Tile-Red
- Solarwatt
- Hyundai
- Calyxo
- Avancis
- Qcells
- Solibro-Hanergy
- Solar Direct
- Tianwei Solar
- Sunlight Electronic
- Canadian Solar
- Enerpoint
- Apollon Solar
- Tamesol
- Trienergia
- Enphase Energy
Highlights of The Photovoltaic 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 Modules
- Polycrystalline Silicon Modules
- Others
- 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 Photovoltaic 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?
Photovoltaic modules are the basic building blocks of solar energy systems. They convert sunlight into electricity by using semiconductor materials to create an electric field that causes electrons to flow from one side of a p-n junction to the other.
Some of the major players in the photovoltaic modules market are Tesla Industries, Amerisolar, Panasonic, Solar Frontier, BenQ, LG, Tile-Red, Solarwatt, Hyundai, Calyxo, Avancis, Qcells, Solibro-Hanergy, Solar Direct, Tianwei Solar, Sunlight Electronic, Canadian Solar, Enerpoint, Apollon Solar, Tamesol, Trienergia, Enphase Energy.
The photovoltaic modules market is expected to register a CAGR of 8.2%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Photovoltaic 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 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 Modules Market - Supply Chain
4.5. Global Photovoltaic Modules Market Forecast
4.5.1. Photovoltaic Modules Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Photovoltaic Modules Market Size (000 Units) and Y-o-Y Growth
4.5.3. Photovoltaic Modules Market Absolute $ Opportunity
5. Global Photovoltaic 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 Modules Market Size and Volume Forecast by Type
5.3.1. Single Crystal Silicon Modules
5.3.2. Polycrystalline Silicon Modules
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Photovoltaic 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 Modules Market Size and Volume Forecast by Application
6.3.1. Residential
6.3.2. Commercial
6.3.3. Industrial
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Photovoltaic 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 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 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 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 Modules Demand Share Forecast, 2019-2026
9. North America Photovoltaic 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 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 Modules Market Size and Volume Forecast by Application
9.4.1. Residential
9.4.2. Commercial
9.4.3. Industrial
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Photovoltaic Modules Market Size and Volume Forecast by Type
9.7.1. Single Crystal Silicon Modules
9.7.2. Polycrystalline Silicon Modules
9.7.3. Others
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 Modules Demand Share Forecast, 2019-2026
10. Latin America Photovoltaic 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 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 Modules Market Size and Volume Forecast by Application
10.4.1. Residential
10.4.2. Commercial
10.4.3. Industrial
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Photovoltaic Modules Market Size and Volume Forecast by Type
10.7.1. Single Crystal Silicon Modules
10.7.2. Polycrystalline Silicon Modules
10.7.3. Others
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 Modules Demand Share Forecast, 2019-2026
11. Europe Photovoltaic 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 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 Modules Market Size and Volume Forecast by Application
11.4.1. Residential
11.4.2. Commercial
11.4.3. Industrial
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Photovoltaic Modules Market Size and Volume Forecast by Type
11.7.1. Single Crystal Silicon Modules
11.7.2. Polycrystalline Silicon Modules
11.7.3. Others
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 Modules Demand Share, 2019-2026
12. Asia Pacific Photovoltaic 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 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 Modules Market Size and Volume Forecast by Application
12.4.1. Residential
12.4.2. Commercial
12.4.3. Industrial
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Photovoltaic Modules Market Size and Volume Forecast by Type
12.7.1. Single Crystal Silicon Modules
12.7.2. Polycrystalline Silicon Modules
12.7.3. Others
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 Modules Demand Share, 2019-2026
13. Middle East & Africa Photovoltaic 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 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 Modules Market Size and Volume Forecast by Application
13.4.1. Residential
13.4.2. Commercial
13.4.3. Industrial
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Photovoltaic Modules Market Size and Volume Forecast by Type
13.7.1. Single Crystal Silicon Modules
13.7.2. Polycrystalline Silicon Modules
13.7.3. Others
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 Modules Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Photovoltaic Modules Market: Market Share Analysis
14.2. Photovoltaic Modules Distributors and Customers
14.3. Photovoltaic Modules Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Tesla Industries
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Amerisolar
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Panasonic
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Solar Frontier
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. BenQ
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. LG
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Tile-Red
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Solarwatt
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Hyundai
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Calyxo
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Avancis
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Qcells
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Solibro-Hanergy
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Solar Direct
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Tianwei Solar
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Sunlight Electronic
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Canadian Solar
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Enerpoint
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Apollon Solar
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Tamesol
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
