The global Solar Cells and Modules market size is predicted to grow from US$ 46770 million in 2025 to US$ 80820 million in 2031; it is expected to grow at a CAGR of 9.5% from 2025 to 2031.
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.
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.
The 鈥淪olar Cells and Modules Industry Forecast鈥� looks at past sales and reviews total world Solar Cells and Modules sales in 2024, providing a comprehensive analysis by region and market sector of projected Solar Cells and Modules sales for 2025 through 2031. 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鈥� 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.
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:
Mono-Si Modules
Multi-Si Modules
CdTe Modules
CIGS Modules
A-Si Modules
Others
Segmentation by Application:
PV Power Station
Commercial
Residential
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
JinkoSolar
LONGi
JA Solar
First Solar
Canadian Solar
Trina Solar
Hanwha Solutions
Risen Energy
Seraphim
SunPower
Chint Electrics
Solargiga
Shunfeng
LG Business Solutions
Jinergy
GCL System
EGing PV
Jolywood
Talesun Solar
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 by Type, by Application?
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Solar Cells and Modules Annual Sales 2020-2031
2.1.2 World Current & Future Analysis for Solar Cells and Modules by Geographic Region, 2020, 2024 & 2031
2.1.3 World Current & Future Analysis for Solar Cells and Modules by Country/Region, 2020, 2024 & 2031
2.2 Solar Cells and Modules Segment by Type
2.2.1 Mono-Si Modules
2.2.2 Multi-Si Modules
2.2.3 CdTe Modules
2.2.4 CIGS Modules
2.2.5 A-Si Modules
2.2.6 Others
2.3 Solar Cells and Modules Sales by Type
2.3.1 Global Solar Cells and Modules Sales Market Share by Type (2020-2025)
2.3.2 Global Solar Cells and Modules Revenue and Market Share by Type (2020-2025)
2.3.3 Global Solar Cells and Modules Sale Price by Type (2020-2025)
2.4 Solar Cells and Modules Segment by Application
2.4.1 PV Power Station
2.4.2 Commercial
2.4.3 Residential
2.4.4 Others
2.5 Solar Cells and Modules Sales by Application
2.5.1 Global Solar Cells and Modules Sale Market Share by Application (2020-2025)
2.5.2 Global Solar Cells and Modules Revenue and Market Share by Application (2020-2025)
2.5.3 Global Solar Cells and Modules Sale Price by Application (2020-2025)
3 Global by Company
3.1 Global Solar Cells and Modules Breakdown Data by Company
3.1.1 Global Solar Cells and Modules Annual Sales by Company (2020-2025)
3.1.2 Global Solar Cells and Modules Sales Market Share by Company (2020-2025)
3.2 Global Solar Cells and Modules Annual Revenue by Company (2020-2025)
3.2.1 Global Solar Cells and Modules Revenue by Company (2020-2025)
3.2.2 Global Solar Cells and Modules Revenue Market Share by Company (2020-2025)
3.3 Global Solar Cells and Modules Sale Price by Company
3.4 Key Manufacturers Solar Cells and Modules Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Solar Cells and Modules Product Location Distribution
3.4.2 Players Solar Cells and Modules Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
3.6 New Products and Potential Entrants
3.7 Market M&A Activity & Strategy
4 World Historic Review for Solar Cells and Modules by Geographic Region
4.1 World Historic Solar Cells and Modules Market Size by Geographic Region (2020-2025)
4.1.1 Global Solar Cells and Modules Annual Sales by Geographic Region (2020-2025)
4.1.2 Global Solar Cells and Modules Annual Revenue by Geographic Region (2020-2025)
4.2 World Historic Solar Cells and Modules Market Size by Country/Region (2020-2025)
4.2.1 Global Solar Cells and Modules Annual Sales by Country/Region (2020-2025)
4.2.2 Global Solar Cells and Modules Annual Revenue by Country/Region (2020-2025)
4.3 Americas Solar Cells and Modules Sales Growth
4.4 APAC Solar Cells and Modules Sales Growth
4.5 Europe Solar Cells and Modules Sales Growth
4.6 Middle East & Africa Solar Cells and Modules Sales Growth
5 Americas
5.1 Americas Solar Cells and Modules Sales by Country
5.1.1 Americas Solar Cells and Modules Sales by Country (2020-2025)
5.1.2 Americas Solar Cells and Modules Revenue by Country (2020-2025)
5.2 Americas Solar Cells and Modules Sales by Type (2020-2025)
5.3 Americas Solar Cells and Modules Sales by Application (2020-2025)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Solar Cells and Modules Sales by Region
6.1.1 APAC Solar Cells and Modules Sales by Region (2020-2025)
6.1.2 APAC Solar Cells and Modules Revenue by Region (2020-2025)
6.2 APAC Solar Cells and Modules Sales by Type (2020-2025)
6.3 APAC Solar Cells and Modules Sales by Application (2020-2025)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Solar Cells and Modules by Country
7.1.1 Europe Solar Cells and Modules Sales by Country (2020-2025)
7.1.2 Europe Solar Cells and Modules Revenue by Country (2020-2025)
7.2 Europe Solar Cells and Modules Sales by Type (2020-2025)
7.3 Europe Solar Cells and Modules Sales by Application (2020-2025)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Solar Cells and Modules by Country
8.1.1 Middle East & Africa Solar Cells and Modules Sales by Country (2020-2025)
8.1.2 Middle East & Africa Solar Cells and Modules Revenue by Country (2020-2025)
8.2 Middle East & Africa Solar Cells and Modules Sales by Type (2020-2025)
8.3 Middle East & Africa Solar Cells and Modules Sales by Application (2020-2025)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Solar Cells and Modules
10.3 Manufacturing Process Analysis of Solar Cells and Modules
10.4 Industry Chain Structure of Solar Cells and Modules
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Solar Cells and Modules Distributors
11.3 Solar Cells and Modules Customer
12 World Forecast Review for Solar Cells and Modules by Geographic Region
12.1 Global Solar Cells and Modules Market Size Forecast by Region
12.1.1 Global Solar Cells and Modules Forecast by Region (2026-2031)
12.1.2 Global Solar Cells and Modules Annual Revenue Forecast by Region (2026-2031)
12.2 Americas Forecast by Country (2026-2031)
12.3 APAC Forecast by Region (2026-2031)
12.4 Europe Forecast by Country (2026-2031)
12.5 Middle East & Africa Forecast by Country (2026-2031)
12.6 Global Solar Cells and Modules Forecast by Type (2026-2031)
12.7 Global Solar Cells and Modules Forecast by Application (2026-2031)
13 Key Players Analysis
13.1 JinkoSolar
13.1.1 JinkoSolar Company Information
13.1.2 JinkoSolar Solar Cells and Modules Product Portfolios and Specifications
13.1.3 JinkoSolar Solar Cells and Modules Sales, Revenue, Price and Gross Margin (2020-2025)
13.1.4 JinkoSolar Main Business Overview
13.1.5 JinkoSolar Latest Developments
13.2 LONGi
13.2.1 LONGi Company Information
13.2.2 LONGi Solar Cells and Modules Product Portfolios and Specifications
13.2.3 LONGi Solar Cells and Modules Sales, Revenue, Price and Gross Margin (2020-2025)
13.2.4 LONGi Main Business Overview
13.2.5 LONGi Latest Developments
13.3 JA Solar
13.3.1 JA Solar Company Information
13.3.2 JA Solar Solar Cells and Modules Product Portfolios and Specifications
13.3.3 JA Solar Solar Cells and Modules Sales, Revenue, Price and Gross Margin (2020-2025)
13.3.4 JA Solar Main Business Overview
13.3.5 JA Solar Latest Developments
13.4 First Solar
13.4.1 First Solar Company Information
13.4.2 First Solar Solar Cells and Modules Product Portfolios and Specifications
13.4.3 First Solar Solar Cells and Modules Sales, Revenue, Price and Gross Margin (2020-2025)
13.4.4 First Solar Main Business Overview
13.4.5 First Solar Latest Developments
13.5 Canadian Solar
13.5.1 Canadian Solar Company Information
13.5.2 Canadian Solar Solar Cells and Modules Product Portfolios and Specifications
13.5.3 Canadian Solar Solar Cells and Modules Sales, Revenue, Price and Gross Margin (2020-2025)
13.5.4 Canadian Solar Main Business Overview
13.5.5 Canadian Solar Latest Developments
13.6 Trina Solar
13.6.1 Trina Solar Company Information
13.6.2 Trina Solar Solar Cells and Modules Product Portfolios and Specifications
13.6.3 Trina Solar Solar Cells and Modules Sales, Revenue, Price and Gross Margin (2020-2025)
13.6.4 Trina Solar Main Business Overview
13.6.5 Trina Solar Latest Developments
13.7 Hanwha Solutions
13.7.1 Hanwha Solutions Company Information
13.7.2 Hanwha Solutions Solar Cells and Modules Product Portfolios and Specifications
13.7.3 Hanwha Solutions Solar Cells and Modules Sales, Revenue, Price and Gross Margin (2020-2025)
13.7.4 Hanwha Solutions Main Business Overview
13.7.5 Hanwha Solutions Latest Developments
13.8 Risen Energy
13.8.1 Risen Energy Company Information
13.8.2 Risen Energy Solar Cells and Modules Product Portfolios and Specifications
13.8.3 Risen Energy Solar Cells and Modules Sales, Revenue, Price and Gross Margin (2020-2025)
13.8.4 Risen Energy Main Business Overview
13.8.5 Risen Energy Latest Developments
13.9 Seraphim
13.9.1 Seraphim Company Information
13.9.2 Seraphim Solar Cells and Modules Product Portfolios and Specifications
13.9.3 Seraphim Solar Cells and Modules Sales, Revenue, Price and Gross Margin (2020-2025)
13.9.4 Seraphim Main Business Overview
13.9.5 Seraphim Latest Developments
13.10 SunPower
13.10.1 SunPower Company Information
13.10.2 SunPower Solar Cells and Modules Product Portfolios and Specifications
13.10.3 SunPower Solar Cells and Modules Sales, Revenue, Price and Gross Margin (2020-2025)
13.10.4 SunPower Main Business Overview
13.10.5 SunPower Latest Developments
13.11 Chint Electrics
13.11.1 Chint Electrics Company Information
13.11.2 Chint Electrics Solar Cells and Modules Product Portfolios and Specifications
13.11.3 Chint Electrics Solar Cells and Modules Sales, Revenue, Price and Gross Margin (2020-2025)
13.11.4 Chint Electrics Main Business Overview
13.11.5 Chint Electrics Latest Developments
13.12 Solargiga
13.12.1 Solargiga Company Information
13.12.2 Solargiga Solar Cells and Modules Product Portfolios and Specifications
13.12.3 Solargiga Solar Cells and Modules Sales, Revenue, Price and Gross Margin (2020-2025)
13.12.4 Solargiga Main Business Overview
13.12.5 Solargiga Latest Developments
13.13 Shunfeng
13.13.1 Shunfeng Company Information
13.13.2 Shunfeng Solar Cells and Modules Product Portfolios and Specifications
13.13.3 Shunfeng Solar Cells and Modules Sales, Revenue, Price and Gross Margin (2020-2025)
13.13.4 Shunfeng Main Business Overview
13.13.5 Shunfeng Latest Developments
13.14 LG Business Solutions
13.14.1 LG Business Solutions Company Information
13.14.2 LG Business Solutions Solar Cells and Modules Product Portfolios and Specifications
13.14.3 LG Business Solutions Solar Cells and Modules Sales, Revenue, Price and Gross Margin (2020-2025)
13.14.4 LG Business Solutions Main Business Overview
13.14.5 LG Business Solutions Latest Developments
13.15 Jinergy
13.15.1 Jinergy Company Information
13.15.2 Jinergy Solar Cells and Modules Product Portfolios and Specifications
13.15.3 Jinergy Solar Cells and Modules Sales, Revenue, Price and Gross Margin (2020-2025)
13.15.4 Jinergy Main Business Overview
13.15.5 Jinergy Latest Developments
13.16 GCL System
13.16.1 GCL System Company Information
13.16.2 GCL System Solar Cells and Modules Product Portfolios and Specifications
13.16.3 GCL System Solar Cells and Modules Sales, Revenue, Price and Gross Margin (2020-2025)
13.16.4 GCL System Main Business Overview
13.16.5 GCL System Latest Developments
13.17 EGing PV
13.17.1 EGing PV Company Information
13.17.2 EGing PV Solar Cells and Modules Product Portfolios and Specifications
13.17.3 EGing PV Solar Cells and Modules Sales, Revenue, Price and Gross Margin (2020-2025)
13.17.4 EGing PV Main Business Overview
13.17.5 EGing PV Latest Developments
13.18 Jolywood
13.18.1 Jolywood Company Information
13.18.2 Jolywood Solar Cells and Modules Product Portfolios and Specifications
13.18.3 Jolywood Solar Cells and Modules Sales, Revenue, Price and Gross Margin (2020-2025)
13.18.4 Jolywood Main Business Overview
13.18.5 Jolywood Latest Developments
13.19 Talesun Solar
13.19.1 Talesun Solar Company Information
13.19.2 Talesun Solar Solar Cells and Modules Product Portfolios and Specifications
13.19.3 Talesun Solar Solar Cells and Modules Sales, Revenue, Price and Gross Margin (2020-2025)
13.19.4 Talesun Solar Main Business Overview
13.19.5 Talesun Solar Latest Developments
14 Research Findings and Conclusion
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*If Applicable.
