Global Solar Cells and Modules Market Growth 2023-2029
A solar cell or photovoltaic (PV) cell is a semiconductor device that converts light directly into electricity by the photovoltaic effect. The most common material in solar cell production is purified silicon that can be applied in different ways.
A PV module is an assembly of photo-voltaic cells mounted in a framework for installation. Photo-voltaic cells use sunlight as a source of energy and generate direct current electricity. A collection of PV modules is called a PV Panel, and a system of Panels is an Array. Arrays of a photovoltaic system supply solar electricity to electrical equipment.
LPI (LP Information)' newest research report, the “Solar Cells and Modules Industry Forecast” looks at past sales and reviews total world Solar Cells and Modules sales in 2022, providing a comprehensive analysis by region and market sector of projected Solar Cells and Modules sales for 2023 through 2029. With Solar Cells and Modules sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Solar Cells and Modules industry.
This Insight Report provides a comprehensive analysis of the global Solar Cells and Modules landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Solar Cells and Modules portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Solar Cells and Modules market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Solar Cells and Modules and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Solar Cells and Modules.
The global Solar Cells and Modules market size is projected to grow from US$ 36270 million in 2022 to US$ 68660 million in 2029; it is expected to grow at a CAGR of 68660 from 2023 to 2029.
JinkoSolar, JA Solar, Canadian Solar, Trina Solar and Hanwha Solutions are the top 5 of Solar Cells and Modules, with about 47% market shares. Asia-Pacific has the largest global export quantity and manufacturers in Solar Cells and Modules market, nearly 62%, while Europe is the second sales volume market for Solar Cells and Modules at around 20% in 2019. Si-wafer based PV technology accounted for about 93% of the total sales in 2019. The share of mono-crystalline technology is now about 64% of total sales. Solar cells and modules can be divided into monocrystalline silicon modules, polycrystalline silicon modules, CdTe modules, CIGS modules, and amorphous silicon modules. It can be applied to photovoltaic power stations, commercial advertisements and residential buildings.
This report presents a comprehensive overview, market shares, and growth opportunities of Solar Cells and Modules market by product type, application, key manufacturers and key regions and countries.
Segmentation by type
Segmentation by application
PV Power Station
This report also splits the market by region:
Middle East & Africa
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
LG Business Solutions
Key Questions Addressed in this Report
What is the 10-year outlook for the global Solar Cells and Modules market?
What factors are driving Solar Cells and Modules market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Solar Cells and Modules market opportunities vary by end market size?
How does Solar Cells and Modules break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?
Please note: The report will take approximately 2 business days to prepare and deliver.
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