The global Solar Module market size was valued at US$ million in 2023. With growing demand in downstream market, the Solar Module is forecast to a readjusted size of US$ million by 2030 with a CAGR of % during review period.
The research report highlights the growth potential of the global Solar Module market. Solar Module are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Solar Module. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Solar Module market.
Solar modules use light energy (photons) from the sun to generate electricity through the photovoltaic effect. The majority of modules use wafer-based crystalline silicon cells or thin-film cells based on cadmium telluride or silicon. The structural (load carrying) member of a module can either be the top layer or the back layer. Cells must also be protected from mechanical damage and moisture. Most solar modules are rigid, but semi-flexible ones are available, based on thin-film cells.
It is expected that global demand for photovoltaic products will remain high in the next few years. According to our PV & Solar Research Center, by the end of 2022, the global cumulative installed photovoltaic power generation capacity is about 1180 GW. According to the data of China Photovoltaic Industry Association, the global newly installed photovoltaic capacity in 2022 is about 230 GW, and this number in 2023 is predicted to be 280-330 GW. According to the data of the Ministry of Industry and Information Technology, the total output value of China's photovoltaic industry exceeded 1.4 trillion yuan in 2022. From the perspective of production value, mainland China is still the global center of the PV industry. According to the International Energy Agency, China market share in all key products of the supply chain have exceeded 80%. Among them, the production capacity of silicon wafers, solar cells, and components accounts for as high as 98%, 85% and 77%, respectively. According to the data released by the European Photovoltaic Association, 27 EU countries gained a new PV installed capacity of 41.4 GW in 2022. According to the report of the US Solar Energy Industries Association (SEIA), the US held a new PV installed capacity of less than 19 GW in 2022. But it is estimated that from 2023, the average annual growth rate of new photovoltaic installed capacity will exceed 21%. In terms of Japan, based on data from Fitch and the US Energy Information Administration (EIA), in 2022, Japan's newly installed photovoltaic capacity was 3.231 GW.
Key Features:
The report on Solar Module market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Solar Module market. It may include historical data, market segmentation by Type (e.g., Single Crystal Silicon, Polycrystalline Silicon), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Solar Module market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Solar Module market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Solar Module industry. This include advancements in Solar Module technology, Solar Module new entrants, Solar Module new investment, and other innovations that are shaping the future of Solar Module.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Solar Module market. It includes factors influencing customer ' purchasing decisions, preferences for Solar Module product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Solar Module market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Solar Module market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Solar Module market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Solar Module industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Solar Module market.
Market Segmentation:
Solar Module market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Segmentation by type
Single Crystal Silicon
Polycrystalline Silicon
Other
Segmentation by application
Residential
Commercial
Ground Station
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 analyzing the company's coverage, product portfolio, its market penetration.
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
Hareonsolar
Eging PV
CSUN
BYD
HT-SAAE
Key Questions Addressed in this Report
What is the 10-year outlook for the global Solar Module market?
What factors are driving Solar Module market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Solar Module market opportunities vary by end market size?
How does Solar Module break out type, 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 Module Annual Sales 2019-2030
2.1.2 World Current & Future Analysis for Solar Module by Geographic Region, 2019, 2023 & 2030
2.1.3 World Current & Future Analysis for Solar Module by Country/Region, 2019, 2023 & 2030
2.2 Solar Module Segment by Type
2.2.1 Single Crystal Silicon
2.2.2 Polycrystalline Silicon
2.2.3 Other
2.3 Solar Module Sales by Type
2.3.1 Global Solar Module Sales Market Share by Type (2019-2024)
2.3.2 Global Solar Module Revenue and Market Share by Type (2019-2024)
2.3.3 Global Solar Module Sale Price by Type (2019-2024)
2.4 Solar Module Segment by Application
2.4.1 Residential
2.4.2 Commercial
2.4.3 Ground Station
2.4.4 Others
2.5 Solar Module Sales by Application
2.5.1 Global Solar Module Sale Market Share by Application (2019-2024)
2.5.2 Global Solar Module Revenue and Market Share by Application (2019-2024)
2.5.3 Global Solar Module Sale Price by Application (2019-2024)
3 Global Solar Module by Company
3.1 Global Solar Module Breakdown Data by Company
3.1.1 Global Solar Module Annual Sales by Company (2019-2024)
3.1.2 Global Solar Module Sales Market Share by Company (2019-2024)
3.2 Global Solar Module Annual Revenue by Company (2019-2024)
3.2.1 Global Solar Module Revenue by Company (2019-2024)
3.2.2 Global Solar Module Revenue Market Share by Company (2019-2024)
3.3 Global Solar Module Sale Price by Company
3.4 Key Manufacturers Solar Module Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Solar Module Product Location Distribution
3.4.2 Players Solar Module Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2019-2024)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 World Historic Review for Solar Module by Geographic Region
4.1 World Historic Solar Module Market Size by Geographic Region (2019-2024)
4.1.1 Global Solar Module Annual Sales by Geographic Region (2019-2024)
4.1.2 Global Solar Module Annual Revenue by Geographic Region (2019-2024)
4.2 World Historic Solar Module Market Size by Country/Region (2019-2024)
4.2.1 Global Solar Module Annual Sales by Country/Region (2019-2024)
4.2.2 Global Solar Module Annual Revenue by Country/Region (2019-2024)
4.3 Americas Solar Module Sales Growth
4.4 APAC Solar Module Sales Growth
4.5 Europe Solar Module Sales Growth
4.6 Middle East & Africa Solar Module Sales Growth
5 Americas
5.1 Americas Solar Module Sales by Country
5.1.1 Americas Solar Module Sales by Country (2019-2024)
5.1.2 Americas Solar Module Revenue by Country (2019-2024)
5.2 Americas Solar Module Sales by Type
5.3 Americas Solar Module Sales by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Solar Module Sales by Region
6.1.1 APAC Solar Module Sales by Region (2019-2024)
6.1.2 APAC Solar Module Revenue by Region (2019-2024)
6.2 APAC Solar Module Sales by Type
6.3 APAC Solar Module Sales by Application
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 Module by Country
7.1.1 Europe Solar Module Sales by Country (2019-2024)
7.1.2 Europe Solar Module Revenue by Country (2019-2024)
7.2 Europe Solar Module Sales by Type
7.3 Europe Solar Module Sales by Application
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 Module by Country
8.1.1 Middle East & Africa Solar Module Sales by Country (2019-2024)
8.1.2 Middle East & Africa Solar Module Revenue by Country (2019-2024)
8.2 Middle East & Africa Solar Module Sales by Type
8.3 Middle East & Africa Solar Module Sales by Application
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 Module
10.3 Manufacturing Process Analysis of Solar Module
10.4 Industry Chain Structure of Solar Module
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Solar Module Distributors
11.3 Solar Module Customer
12 World Forecast Review for Solar Module by Geographic Region
12.1 Global Solar Module Market Size Forecast by Region
12.1.1 Global Solar Module Forecast by Region (2025-2030)
12.1.2 Global Solar Module Annual Revenue Forecast by Region (2025-2030)
12.2 Americas Forecast by Country
12.3 APAC Forecast by Region
12.4 Europe Forecast by Country
12.5 Middle East & Africa Forecast by Country
12.6 Global Solar Module Forecast by Type
12.7 Global Solar Module Forecast by Application
13 Key Players Analysis
13.1 Hanwha
13.1.1 Hanwha Company Information
13.1.2 Hanwha Solar Module Product Portfolios and Specifications
13.1.3 Hanwha Solar Module Sales, Revenue, Price and Gross Margin (2019-2024)
13.1.4 Hanwha Main Business Overview
13.1.5 Hanwha Latest Developments
13.2 First Solar
13.2.1 First Solar Company Information
13.2.2 First Solar Solar Module Product Portfolios and Specifications
13.2.3 First Solar Solar Module Sales, Revenue, Price and Gross Margin (2019-2024)
13.2.4 First Solar Main Business Overview
13.2.5 First Solar Latest Developments
13.3 SunPower
13.3.1 SunPower Company Information
13.3.2 SunPower Solar Module Product Portfolios and Specifications
13.3.3 SunPower Solar Module Sales, Revenue, Price and Gross Margin (2019-2024)
13.3.4 SunPower Main Business Overview
13.3.5 SunPower Latest Developments
13.4 Elkem Solar
13.4.1 Elkem Solar Company Information
13.4.2 Elkem Solar Solar Module Product Portfolios and Specifications
13.4.3 Elkem Solar Solar Module Sales, Revenue, Price and Gross Margin (2019-2024)
13.4.4 Elkem Solar Main Business Overview
13.4.5 Elkem Solar Latest Developments
13.5 Sharp
13.5.1 Sharp Company Information
13.5.2 Sharp Solar Module Product Portfolios and Specifications
13.5.3 Sharp Solar Module Sales, Revenue, Price and Gross Margin (2019-2024)
13.5.4 Sharp Main Business Overview
13.5.5 Sharp Latest Developments
13.6 Kyocera Solar
13.6.1 Kyocera Solar Company Information
13.6.2 Kyocera Solar Solar Module Product Portfolios and Specifications
13.6.3 Kyocera Solar Solar Module Sales, Revenue, Price and Gross Margin (2019-2024)
13.6.4 Kyocera Solar Main Business Overview
13.6.5 Kyocera Solar Latest Developments
13.7 Solar Frontier
13.7.1 Solar Frontier Company Information
13.7.2 Solar Frontier Solar Module Product Portfolios and Specifications
13.7.3 Solar Frontier Solar Module Sales, Revenue, Price and Gross Margin (2019-2024)
13.7.4 Solar Frontier Main Business Overview
13.7.5 Solar Frontier Latest Developments
13.8 Solarworld
13.8.1 Solarworld Company Information
13.8.2 Solarworld Solar Module Product Portfolios and Specifications
13.8.3 Solarworld Solar Module Sales, Revenue, Price and Gross Margin (2019-2024)
13.8.4 Solarworld Main Business Overview
13.8.5 Solarworld Latest Developments
13.9 Delsolar (NSP)
13.9.1 Delsolar (NSP) Company Information
13.9.2 Delsolar (NSP) Solar Module Product Portfolios and Specifications
13.9.3 Delsolar (NSP) Solar Module Sales, Revenue, Price and Gross Margin (2019-2024)
13.9.4 Delsolar (NSP) Main Business Overview
13.9.5 Delsolar (NSP) Latest Developments
13.10 Trina Solar
13.10.1 Trina Solar Company Information
13.10.2 Trina Solar Solar Module Product Portfolios and Specifications
13.10.3 Trina Solar Solar Module Sales, Revenue, Price and Gross Margin (2019-2024)
13.10.4 Trina Solar Main Business Overview
13.10.5 Trina Solar Latest Developments
13.11 Canadian Solar
13.11.1 Canadian Solar Company Information
13.11.2 Canadian Solar Solar Module Product Portfolios and Specifications
13.11.3 Canadian Solar Solar Module Sales, Revenue, Price and Gross Margin (2019-2024)
13.11.4 Canadian Solar Main Business Overview
13.11.5 Canadian Solar Latest Developments
13.12 Jinko Solar
13.12.1 Jinko Solar Company Information
13.12.2 Jinko Solar Solar Module Product Portfolios and Specifications
13.12.3 Jinko Solar Solar Module Sales, Revenue, Price and Gross Margin (2019-2024)
13.12.4 Jinko Solar Main Business Overview
13.12.5 Jinko Solar Latest Developments
13.13 JA Solar
13.13.1 JA Solar Company Information
13.13.2 JA Solar Solar Module Product Portfolios and Specifications
13.13.3 JA Solar Solar Module Sales, Revenue, Price and Gross Margin (2019-2024)
13.13.4 JA Solar Main Business Overview
13.13.5 JA Solar Latest Developments
13.14 GCL System Integration
13.14.1 GCL System Integration Company Information
13.14.2 GCL System Integration Solar Module Product Portfolios and Specifications
13.14.3 GCL System Integration Solar Module Sales, Revenue, Price and Gross Margin (2019-2024)
13.14.4 GCL System Integration Main Business Overview
13.14.5 GCL System Integration Latest Developments
13.15 Yingli
13.15.1 Yingli Company Information
13.15.2 Yingli Solar Module Product Portfolios and Specifications
13.15.3 Yingli Solar Module Sales, Revenue, Price and Gross Margin (2019-2024)
13.15.4 Yingli Main Business Overview
13.15.5 Yingli Latest Developments
13.16 Shunfeng
13.16.1 Shunfeng Company Information
13.16.2 Shunfeng Solar Module Product Portfolios and Specifications
13.16.3 Shunfeng Solar Module Sales, Revenue, Price and Gross Margin (2019-2024)
13.16.4 Shunfeng Main Business Overview
13.16.5 Shunfeng Latest Developments
13.17 ReneSola
13.17.1 ReneSola Company Information
13.17.2 ReneSola Solar Module Product Portfolios and Specifications
13.17.3 ReneSola Solar Module Sales, Revenue, Price and Gross Margin (2019-2024)
13.17.4 ReneSola Main Business Overview
13.17.5 ReneSola Latest Developments
13.18 Risen
13.18.1 Risen Company Information
13.18.2 Risen Solar Module Product Portfolios and Specifications
13.18.3 Risen Solar Module Sales, Revenue, Price and Gross Margin (2019-2024)
13.18.4 Risen Main Business Overview
13.18.5 Risen Latest Developments
13.19 Chint
13.19.1 Chint Company Information
13.19.2 Chint Solar Module Product Portfolios and Specifications
13.19.3 Chint Solar Module Sales, Revenue, Price and Gross Margin (2019-2024)
13.19.4 Chint Main Business Overview
13.19.5 Chint Latest Developments
13.20 Hareonsolar
13.20.1 Hareonsolar Company Information
13.20.2 Hareonsolar Solar Module Product Portfolios and Specifications
13.20.3 Hareonsolar Solar Module Sales, Revenue, Price and Gross Margin (2019-2024)
13.20.4 Hareonsolar Main Business Overview
13.20.5 Hareonsolar Latest Developments
13.21 Eging PV
13.21.1 Eging PV Company Information
13.21.2 Eging PV Solar Module Product Portfolios and Specifications
13.21.3 Eging PV Solar Module Sales, Revenue, Price and Gross Margin (2019-2024)
13.21.4 Eging PV Main Business Overview
13.21.5 Eging PV Latest Developments
13.22 CSUN
13.22.1 CSUN Company Information
13.22.2 CSUN Solar Module Product Portfolios and Specifications
13.22.3 CSUN Solar Module Sales, Revenue, Price and Gross Margin (2019-2024)
13.22.4 CSUN Main Business Overview
13.22.5 CSUN Latest Developments
13.23 BYD
13.23.1 BYD Company Information
13.23.2 BYD Solar Module Product Portfolios and Specifications
13.23.3 BYD Solar Module Sales, Revenue, Price and Gross Margin (2019-2024)
13.23.4 BYD Main Business Overview
13.23.5 BYD Latest Developments
13.24 HT-SAAE
13.24.1 HT-SAAE Company Information
13.24.2 HT-SAAE Solar Module Product Portfolios and Specifications
13.24.3 HT-SAAE Solar Module Sales, Revenue, Price and Gross Margin (2019-2024)
13.24.4 HT-SAAE Main Business Overview
13.24.5 HT-SAAE Latest Developments
14 Research Findings and Conclusion
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*If Applicable.
