Solar Cells & Modules Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2033

Description

Persistence Market Research has recently released a comprehensive report on the worldwide market for solar cells and modules. The report offers a thorough assessment of crucial market dynamics, including drivers, trends, opportunities, and challenges, providing detailed insights into the market structure.

Key Insights:

Solar Cells & Modules Market Size (2024E): USD 177.16 Billion
Projected Market Value (2033F): USD 360.80 Billion
Global Market Growth Rate (CAGR 2024 to 2033): 8.2%

Solar Cells & Modules Market - Report Scope:

Solar cells and modules play a crucial role in converting sunlight into electricity, contributing significantly to renewable energy generation globally. The market caters to various sectors including residential, commercial, industrial, and utility-scale projects, offering a range of photovoltaic technologies and products.

Market Growth Drivers:

The global solar cells and modules market is driven by several key factors, including government incentives and subsidies promoting solar energy adoption, declining solar panel costs, technological advancements enhancing efficiency and durability, and increasing awareness of environmental sustainability.

Market Restraints:

Despite promising growth prospects, the solar cells and modules market faces challenges related to intermittency of solar power, variability in government policies and regulations, and initial high installation costs, which may hinder widespread adoption, especially in emerging economies.

Market Opportunities:

The solar cells and modules market presents significant growth opportunities driven by innovations in solar technology, integration with energy storage solutions, expanding applications in off-grid and rural electrification projects, and initiatives promoting solar power as a mainstream energy source.

Key Questions Answered in the Report:

What are the primary factors driving the growth of the solar cells and modules market globally?
Which photovoltaic technologies and applications are driving solar energy adoption across different sectors?
How are technological advancements reshaping the competitive landscape of the solar cells and modules market?
Who are the key players contributing to the solar cells and modules market, and what strategies are they employing to maintain market relevance?
What are the emerging trends and future prospects in the global solar cells and modules market?

Competitive Intelligence and Business Strategy:

Leading players in the global solar cells and modules market, including First Solar Inc., JinkoSolar Holding Co., Ltd., and Canadian Solar Inc., focus on innovation, cost efficiency, and strategic partnerships to gain a competitive edge. These companies invest in research and development to enhance solar cell efficiency, durability, and affordability, while also expanding their global manufacturing and distribution capabilities.

Key Companies Profiled:

Bharat Heavy Electricals Ltd
BYD Co., Ltd.
Canadian Solar, Inc.
Ascent Solar Technologies, Inc.
CESI SpA
AVANCIS GmbH
Atecom Technology Co.Ltd.
Chint Group
AZUR Space Solar Power GmbH
BiPVco

Global Solar Cells & Modules Market Segmentation

By Technology:

Thin Film
Crystalline Silicon

By Application:

Industrial
Residential
Commercial

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

Product Code: PMRREP33540

1. Executive Summary

1.1. Global Solar Cells & Modules Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations

3. Market Background

3.1. Market Dynamics
- 3.1.1. Drivers
- 3.1.2. Restraints
- 3.1.3. Opportunity
- 3.1.4. Trends
3.2. Scenario Forecast
- 3.2.1. Demand in Optimistic Scenario
- 3.2.2. Demand in Likely Scenario
- 3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
- 3.5.1. Supply Side Participants and their Roles
  - 3.5.1.1. Producers
  - 3.5.1.2. Mid-level Participants (Traders/ Agents/ Brokers)
  - 3.5.1.3. Wholesalers and Distributors
- 3.5.2. Value Added and Value Created at Node in the Supply Chain
- 3.5.3. List of Raw Material Suppliers
- 3.5.4. List of Existing and Potential Buyer's
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
- 3.7.1. Profit Margin Analysis
- 3.7.2. Wholesalers and Distributors
- 3.7.3. Retailers
3.8. PESTLE and Porter's Analysis
3.9. Regulatory Landscape
- 3.9.1. By Key Regions
- 3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics

4. Global Solar Cells and Modules Market Analysis 2019-2023 and Forecast, 2024-2033

4.1. Historical Market Size Value (US$ million) & Volume (Units) Analysis, 2019-2023
4.2. Current and Future Market Size Value (US$ million) & Volume (Units) Projections, 2024-2033
- 4.2.1. Y-o-Y Growth Trend Analysis
- 4.2.2. Absolute $ Opportunity Analysis

5. Global Solar Cells and Modules Market Analysis 2019-2023 and Forecast 2024-2033, By Technology

5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ million) & Volume (Units) Analysis By Technology , 2019-2023
5.3. Current and Future Market Size Value (US$ million) & Volume (Units) Analysis and Forecast By Technology , 2024-2033
- 5.3.1. Thin Film
- 5.3.2. Crystalline Silicon
- 5.3.3. Others
5.4. Y-o-Y Growth Trend Analysis By Technology , 2019-2023
5.5. Absolute $ Opportunity Analysis By Technology , 2024-2033

6. Global Solar Cells and Modules Market Analysis 2019-2023 and Forecast 2024-2033, By Application

6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ million) & Volume (Units) Analysis By Application, 2019-2023
6.3. Current and Future Market Size Value (US$ million) & Volume (Units) Analysis and Forecast By Application, 2024-2033
- 6.3.1. Industrial
- 6.3.2. Residential
- 6.3.3. Commercial
6.4. Y-o-Y Growth Trend Analysis By Application, 2019-2023
6.5. Absolute $ Opportunity Analysis By Application, 2024-2033

7. Global Solar Cells and Modules Market Analysis 2019-2023 and Forecast 2024-2033, By Region

7.1. Introduction
7.2. Historical Market Size Value (US$ million) & Volume (Units) Analysis By Region, 2019-2023
7.3. Current Market Size Value (US$ million) & Volume (Units) Analysis and Forecast By Region, 2024-2033
- 7.3.1. North America
- 7.3.2. Latin America
- 7.3.3. Europe
- 7.3.4. Asia Pacific
- 7.3.5. Middle East and Africa
7.4. Market Attractiveness Analysis By Region

8. North America Solar Cells and Modules Market Analysis 2019-2023 and Forecast 2024-2033, By Country

8.1. Historical Market Size Value (US$ million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019-2023
8.2. Market Size Value (US$ million) & Volume (Units) Forecast By Market Taxonomy, 2024-2033
- 8.2.1. By Country
  - 8.2.1.1. United States
  - 8.2.1.2. Canada
- 8.2.2. By Technology
- 8.2.3. By Application
8.3. Market Attractiveness Analysis
- 8.3.1. By Country
- 8.3.2. By Technology
- 8.3.3. By Application
8.4. Key Takeaways

9. Latin America Solar Cells and Modules Market Analysis 2019-2023 and Forecast 2024-2033, By Country

9.1. Historical Market Size Value (US$ million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019-2023
9.2. Market Size Value (US$ million) & Volume (Units) Forecast By Market Taxonomy, 2024-2033
- 9.2.1. By Country
  - 9.2.1.1. Brazil
  - 9.2.1.2. Mexico
  - 9.2.1.3. Rest of Latin America
- 9.2.2. By Technology
- 9.2.3. By Application
9.3. Market Attractiveness Analysis
- 9.3.1. By Country
- 9.3.2. By Technology
- 9.3.3. By Application
9.4. Key Takeaways

10. Europe Solar Cells and Modules Market Analysis 2019-2023 and Forecast 2024-2033, By Country

10.1. Historical Market Size Value (US$ million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019-2023
10.2. Market Size Value (US$ million) & Volume (Units) Forecast By Market Taxonomy, 2024-2033
- 10.2.1. By Country
  - 10.2.1.1. Germany
  - 10.2.1.2. United Kingdom
  - 10.2.1.3. France
  - 10.2.1.4. Spain
  - 10.2.1.5. Italy
  - 10.2.1.6. Rest of Europe
- 10.2.2. By Technology
- 10.2.3. By Application
10.3. Market Attractiveness Analysis
- 10.3.1. By Country
- 10.3.2. By Technology
- 10.3.3. By Application
10.4. Key Takeaways

11. Asia Pacific Solar Cells and Modules Market Analysis 2019-2023 and Forecast 2024-2033, By Country

11.1. Historical Market Size Value (US$ million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019-2023
11.2. Market Size Value (US$ million) & Volume (Units) Forecast By Market Taxonomy, 2024-2033
- 11.2.1. By Country
  - 11.2.1.1. China
  - 11.2.1.2. Japan
  - 11.2.1.3. South Korea
  - 11.2.1.4. Singapore
  - 11.2.1.5. Thailand
  - 11.2.1.6. Indonesia
  - 11.2.1.7. Australia
  - 11.2.1.8. New Zealand
  - 11.2.1.9. Rest of Asia Pacific
- 11.2.2. By Technology
- 11.2.3. By Application
11.3. Market Attractiveness Analysis
- 11.3.1. By Country
- 11.3.2. By Technology
- 11.3.3. By Application
11.4. Key Takeaways

12. Middle East and Africa Solar Cells and Modules Market Analysis 2019-2023 and Forecast 2024-2033, By Country

12.1. Historical Market Size Value (US$ million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019-2023
12.2. Market Size Value (US$ million) & Volume (Units) Forecast By Market Taxonomy, 2024-2033
- 12.2.1. By Country
  - 12.2.1.1. GCC Countries
  - 12.2.1.2. South Africa
  - 12.2.1.3. Israel
  - 12.2.1.4. Rest of Middle East and Africa
- 12.2.2. By Technology
- 12.2.3. By Application
12.3. Market Attractiveness Analysis
- 12.3.1. By Country
- 12.3.2. By Technology
- 12.3.3. By Application
12.4. Key Takeaways

13. Key Countries Solar Cells and Modules Market Analysis

13.1. United States
- 13.1.1. Pricing Analysis
- 13.1.2. Market Share Analysis, 2024
  - 13.1.2.1. By Technology
  - 13.1.2.2. By Application
13.2. Canada
- 13.2.1. Pricing Analysis
- 13.2.2. Market Share Analysis, 2024
  - 13.2.2.1. By Technology
  - 13.2.2.2. By Application
13.3. Brazil
- 13.3.1. Pricing Analysis
- 13.3.2. Market Share Analysis, 2024
  - 13.3.2.1. By Technology
  - 13.3.2.2. By Application
13.4. Mexico
- 13.4.1. Pricing Analysis
- 13.4.2. Market Share Analysis, 2024
  - 13.4.2.1. By Technology
  - 13.4.2.2. By Application
13.5. Germany
- 13.5.1. Pricing Analysis
- 13.5.2. Market Share Analysis, 2024
  - 13.5.2.1. By Technology
  - 13.5.2.2. By Application
13.6. United Kingdom
- 13.6.1. Pricing Analysis
- 13.6.2. Market Share Analysis, 2024
  - 13.6.2.1. By Technology
  - 13.6.2.2. By Application
13.7. France
- 13.7.1. Pricing Analysis
- 13.7.2. Market Share Analysis, 2024
  - 13.7.2.1. By Technology
  - 13.7.2.2. By Application
13.8. Spain
- 13.8.1. Pricing Analysis
- 13.8.2. Market Share Analysis, 2024
  - 13.8.2.1. By Technology
  - 13.8.2.2. By Application
13.9. Italy
- 13.9.1. Pricing Analysis
- 13.9.2. Market Share Analysis, 2024
  - 13.9.2.1. By Technology
  - 13.9.2.2. By Application
13.10. China
- 13.10.1. Pricing Analysis
- 13.10.2. Market Share Analysis, 2024
  - 13.10.2.1. By Technology
  - 13.10.2.2. By Application
13.11. Japan
- 13.11.1. Pricing Analysis
- 13.11.2. Market Share Analysis, 2024
  - 13.11.2.1. By Technology
  - 13.11.2.2. By Application
13.12. South Korea
- 13.12.1. Pricing Analysis
- 13.12.2. Market Share Analysis, 2024
  - 13.12.2.1. By Technology
  - 13.12.2.2. By Application
13.13. Singapore
- 13.13.1. Pricing Analysis
- 13.13.2. Market Share Analysis, 2024
  - 13.13.2.1. By Technology
  - 13.13.2.2. By Application
13.14. Thailand
- 13.14.1. Pricing Analysis
- 13.14.2. Market Share Analysis, 2024
  - 13.14.2.1. By Technology
  - 13.14.2.2. By Application
13.15. Indonesia
- 13.15.1. Pricing Analysis
- 13.15.2. Market Share Analysis, 2024
  - 13.15.2.1. By Technology
  - 13.15.2.2. By Application
13.16. Australia
- 13.16.1. Pricing Analysis
- 13.16.2. Market Share Analysis, 2024
  - 13.16.2.1. By Technology
  - 13.16.2.2. By Application
13.17. New Zealand
- 13.17.1. Pricing Analysis
- 13.17.2. Market Share Analysis, 2024
  - 13.17.2.1. By Technology
  - 13.17.2.2. By Application
13.18. GCC Countries
- 13.18.1. Pricing Analysis
- 13.18.2. Market Share Analysis, 2024
  - 13.18.2.1. By Technology
  - 13.18.2.2. By Application
13.19. South Africa
- 13.19.1. Pricing Analysis
- 13.19.2. Market Share Analysis, 2024
  - 13.19.2.1. By Technology
  - 13.19.2.2. By Application
13.20. Israel
- 13.20.1. Pricing Analysis
- 13.20.2. Market Share Analysis, 2024
  - 13.20.2.1. By Technology
  - 13.20.2.2. By Application

14. Market Structure Analysis

14.1. Competition Dashboard
14.2. Competition Benchmarking
14.3. Market Share Analysis of Top Players
- 14.3.1. By Regional
- 14.3.2. By Technology
- 14.3.3. By Application

15. Competition Analysis

15.1. Competition Deep Dive
- 15.1.1. Bharat Heavy Electricals Ltd
  - 15.1.1.1. Overview
  - 15.1.1.2. Product Portfolio
  - 15.1.1.3. Profitability by Market Segments
  - 15.1.1.4. Sales Footprint
  - 15.1.1.5. Strategy Overview
    - 15.1.1.5.1. Marketing Strategy
    - 15.1.1.5.2. Product Strategy
    - 15.1.1.5.3. Channel Strategy
- 15.1.2. BYD Co., Ltd.
  - 15.1.2.1. Overview
  - 15.1.2.2. Product Portfolio
  - 15.1.2.3. Profitability by Market Segments
  - 15.1.2.4. Sales Footprint
  - 15.1.2.5. Strategy Overview
    - 15.1.2.5.1. Marketing Strategy
    - 15.1.2.5.2. Product Strategy
    - 15.1.2.5.3. Channel Strategy
- 15.1.3. Canadian Solar, Inc.
  - 15.1.3.1. Overview
  - 15.1.3.2. Product Portfolio
  - 15.1.3.3. Profitability by Market Segments
  - 15.1.3.4. Sales Footprint
  - 15.1.3.5. Strategy Overview
    - 15.1.3.5.1. Marketing Strategy
    - 15.1.3.5.2. Product Strategy
    - 15.1.3.5.3. Channel Strategy
- 15.1.4. Ascent Solar Technologies, Inc.
  - 15.1.4.1. Overview
  - 15.1.4.2. Product Portfolio
  - 15.1.4.3. Profitability by Market Segments
  - 15.1.4.4. Sales Footprint
  - 15.1.4.5. Strategy Overview
    - 15.1.4.5.1. Marketing Strategy
    - 15.1.4.5.2. Product Strategy
    - 15.1.4.5.3. Channel Strategy
- 15.1.5. CESI SpA
  - 15.1.5.1. Overview
  - 15.1.5.2. Product Portfolio
  - 15.1.5.3. Profitability by Market Segments
  - 15.1.5.4. Sales Footprint
  - 15.1.5.5. Strategy Overview
    - 15.1.5.5.1. Marketing Strategy
    - 15.1.5.5.2. Product Strategy
    - 15.1.5.5.3. Channel Strategy
- 15.1.6. AVANCIS GmbH
  - 15.1.6.1. Overview
  - 15.1.6.2. Product Portfolio
  - 15.1.6.3. Profitability by Market Segments
  - 15.1.6.4. Sales Footprint
  - 15.1.6.5. Strategy Overview
    - 15.1.6.5.1. Marketing Strategy
    - 15.1.6.5.2. Product Strategy
    - 15.1.6.5.3. Channel Strategy
- 15.1.7. Atecom Technology Co.Ltd.
  - 15.1.7.1. Overview
  - 15.1.7.2. Product Portfolio
  - 15.1.7.3. Profitability by Market Segments
  - 15.1.7.4. Sales Footprint
  - 15.1.7.5. Strategy Overview
    - 15.1.7.5.1. Marketing Strategy
    - 15.1.7.5.2. Product Strategy
    - 15.1.7.5.3. Channel Strategy
- 15.1.8. Chint Group
  - 15.1.8.1. Overview
  - 15.1.8.2. Product Portfolio
  - 15.1.8.3. Profitability by Market Segments
  - 15.1.8.4. Sales Footprint
  - 15.1.8.5. Strategy Overview
    - 15.1.8.5.1. Marketing Strategy
    - 15.1.8.5.2. Product Strategy
    - 15.1.8.5.3. Channel Strategy
- 15.1.9. AZUR Space Solar Power GmbH
  - 15.1.9.1. Overview
  - 15.1.9.2. Product Portfolio
  - 15.1.9.3. Profitability by Market Segments
  - 15.1.9.4. Sales Footprint
  - 15.1.9.5. Strategy Overview
    - 15.1.9.5.1. Marketing Strategy
    - 15.1.9.5.2. Product Strategy
    - 15.1.9.5.3. Channel Strategy
- 15.1.10. BiPVco
  - 15.1.10.1. Overview
  - 15.1.10.2. Product Portfolio
  - 15.1.10.3. Profitability by Market Segments
  - 15.1.10.4. Sales Footprint
  - 15.1.10.5. Strategy Overview
    - 15.1.10.5.1. Marketing Strategy
    - 15.1.10.5.2. Product Strategy
    - 15.1.10.5.3. Channel Strategy