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Global Solar Photovoltaic Modules Market Research Report 2024
Synopsis
Solar photovoltaic modules are the core part of the solar power generation system and the most important part of the solar power generation system. Its function is to convert solar energy into electrical energy, or send it to the battery for storage, or drive the load to work.
Global Solar Photovoltaic Modules market is projected to reach US$ 1336.6 million in 2029, increasing from US$ 873.2 million in 2022, with the CAGR of 6.3% during the period of 2023 to 2029. Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole Solar Photovoltaic Modules market research.
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 3.55 GW.
Report Scope
This report, based on historical analysis (2018-2022) and forecast calculation (2023-2029), aims to help readers to get a comprehensive understanding of global Solar Photovoltaic Modules market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.
By Company
LONGi Solar
Jinko Solar
JA Solar
Trina Solar
Canadian Solar
Hanwha Q Cells
Risen Energy
First Solar
Chint (Astronergy)
Suntech
Segment by Type
Monocrystalline Silicon Solar Cells
Polycrystalline Silicon Solar Cells
Amorphous Silicon Solar Cells
Multi-compound Solar Cells
Segment by Application
User Solar Power
Transportation
Communication/Communication Field
Petroleum, Marine and Meteorological Fields
Photovoltaic Power Station
Solar Building
Other Areas
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
The Solar Photovoltaic Modules report covers below items:
Chapter 1: Product Basic Information (Definition, Type and Application)
Chapter 2: Global market size, regional market size. Market Opportunities and Challenges
Chapter 3: Companies’ Competition Patterns
Chapter 4: Product Type Analysis
Chapter 5: Product Application Analysis
Chapter 6 to 10: Country Level Value Analysis
Chapter 11: Companies' Outline
Chapter 12: Market Conclusions
Chapter 13: Research Methodology and Data Source
Solar photovoltaic modules are the core part of the solar power generation system and the most important part of the solar power generation system. Its function is to convert solar energy into electrical energy, or send it to the battery for storage, or drive the load to work.
Global Solar Photovoltaic Modules market is projected to reach US$ 1336.6 million in 2029, increasing from US$ 873.2 million in 2022, with the CAGR of 6.3% during the period of 2023 to 2029. Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole Solar Photovoltaic Modules market research.
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 3.55 GW.
Report Scope
This report, based on historical analysis (2018-2022) and forecast calculation (2023-2029), aims to help readers to get a comprehensive understanding of global Solar Photovoltaic Modules market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.
By Company
LONGi Solar
Jinko Solar
JA Solar
Trina Solar
Canadian Solar
Hanwha Q Cells
Risen Energy
First Solar
Chint (Astronergy)
Suntech
Segment by Type
Monocrystalline Silicon Solar Cells
Polycrystalline Silicon Solar Cells
Amorphous Silicon Solar Cells
Multi-compound Solar Cells
Segment by Application
User Solar Power
Transportation
Communication/Communication Field
Petroleum, Marine and Meteorological Fields
Photovoltaic Power Station
Solar Building
Other Areas
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
The Solar Photovoltaic Modules report covers below items:
Chapter 1: Product Basic Information (Definition, Type and Application)
Chapter 2: Global market size, regional market size. Market Opportunities and Challenges
Chapter 3: Companies’ Competition Patterns
Chapter 4: Product Type Analysis
Chapter 5: Product Application Analysis
Chapter 6 to 10: Country Level Value Analysis
Chapter 11: Companies' Outline
Chapter 12: Market Conclusions
Chapter 13: Research Methodology and Data Source
Index1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Solar Photovoltaic Modules Market Size Growth Rate by Type: 2018 VS 2022 VS 2029
1.2.2 Monocrystalline Silicon Solar Cells
1.2.3 Polycrystalline Silicon Solar Cells
1.2.4 Amorphous Silicon Solar Cells
1.2.5 Multi-compound Solar Cells
1.3 Market by Application
1.3.1 Global Solar Photovoltaic Modules Market Growth by Application: 2018 VS 2022 VS 2029
1.3.2 User Solar Power
1.3.3 Transportation
1.3.4 Communication/Communication Field
1.3.5 Petroleum, Marine and Meteorological Fields
1.3.6 Photovoltaic Power Station
1.3.7 Solar Building
1.3.8 Other Areas
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Solar Photovoltaic Modules Market Perspective (2018-2029)
2.2 Solar Photovoltaic Modules Growth Trends by Region
2.2.1 Global Solar Photovoltaic Modules Market Size by Region: 2018 VS 2022 VS 2029
2.2.2 Solar Photovoltaic Modules Historic Market Size by Region (2018-2023)
2.2.3 Solar Photovoltaic Modules Forecasted Market Size by Region (2024-2029)
2.3 Solar Photovoltaic Modules Market Dynamics
2.3.1 Solar Photovoltaic Modules Industry Trends
2.3.2 Solar Photovoltaic Modules Market Drivers
2.3.3 Solar Photovoltaic Modules Market Challenges
2.3.4 Solar Photovoltaic Modules Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Solar Photovoltaic Modules Players by Revenue
3.1.1 Global Top Solar Photovoltaic Modules Players by Revenue (2018-2023)
3.1.2 Global Solar Photovoltaic Modules Revenue Market Share by Players (2018-2023)
3.2 Global Solar Photovoltaic Modules Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Solar Photovoltaic Modules Revenue
3.4 Global Solar Photovoltaic Modules Market Concentration Ratio
3.4.1 Global Solar Photovoltaic Modules Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Solar Photovoltaic Modules Revenue in 2022
3.5 Solar Photovoltaic Modules Key Players Head office and Area Served
3.6 Key Players Solar Photovoltaic Modules Product Solution and Service
3.7 Date of Enter into Solar Photovoltaic Modules Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Solar Photovoltaic Modules Breakdown Data by Type
4.1 Global Solar Photovoltaic Modules Historic Market Size by Type (2018-2023)
4.2 Global Solar Photovoltaic Modules Forecasted Market Size by Type (2024-2029)
5 Solar Photovoltaic Modules Breakdown Data by Application
5.1 Global Solar Photovoltaic Modules Historic Market Size by Application (2018-2023)
5.2 Global Solar Photovoltaic Modules Forecasted Market Size by Application (2024-2029)
6 North America
6.1 North America Solar Photovoltaic Modules Market Size (2018-2029)
6.2 North America Solar Photovoltaic Modules Market Growth Rate by Country: 2018 VS 2022 VS 2029
6.3 North America Solar Photovoltaic Modules Market Size by Country (2018-2023)
6.4 North America Solar Photovoltaic Modules Market Size by Country (2024-2029)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Solar Photovoltaic Modules Market Size (2018-2029)
7.2 Europe Solar Photovoltaic Modules Market Growth Rate by Country: 2018 VS 2022 VS 2029
7.3 Europe Solar Photovoltaic Modules Market Size by Country (2018-2023)
7.4 Europe Solar Photovoltaic Modules Market Size by Country (2024-2029)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Solar Photovoltaic Modules Market Size (2018-2029)
8.2 Asia-Pacific Solar Photovoltaic Modules Market Growth Rate by Region: 2018 VS 2022 VS 2029
8.3 Asia-Pacific Solar Photovoltaic Modules Market Size by Region (2018-2023)
8.4 Asia-Pacific Solar Photovoltaic Modules Market Size by Region (2024-2029)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Solar Photovoltaic Modules Market Size (2018-2029)
9.2 Latin America Solar Photovoltaic Modules Market Growth Rate by Country: 2018 VS 2022 VS 2029
9.3 Latin America Solar Photovoltaic Modules Market Size by Country (2018-2023)
9.4 Latin America Solar Photovoltaic Modules Market Size by Country (2024-2029)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Solar Photovoltaic Modules Market Size (2018-2029)
10.2 Middle East & Africa Solar Photovoltaic Modules Market Growth Rate by Country: 2018 VS 2022 VS 2029
10.3 Middle East & Africa Solar Photovoltaic Modules Market Size by Country (2018-2023)
10.4 Middle East & Africa Solar Photovoltaic Modules Market Size by Country (2024-2029)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 LONGi Solar
11.1.1 LONGi Solar Company Detail
11.1.2 LONGi Solar Business Overview
11.1.3 LONGi Solar Solar Photovoltaic Modules Introduction
11.1.4 LONGi Solar Revenue in Solar Photovoltaic Modules Business (2018-2023)
11.1.5 LONGi Solar Recent Development
11.2 Jinko Solar
11.2.1 Jinko Solar Company Detail
11.2.2 Jinko Solar Business Overview
11.2.3 Jinko Solar Solar Photovoltaic Modules Introduction
11.2.4 Jinko Solar Revenue in Solar Photovoltaic Modules Business (2018-2023)
11.2.5 Jinko Solar Recent Development
11.3 JA Solar
11.3.1 JA Solar Company Detail
11.3.2 JA Solar Business Overview
11.3.3 JA Solar Solar Photovoltaic Modules Introduction
11.3.4 JA Solar Revenue in Solar Photovoltaic Modules Business (2018-2023)
11.3.5 JA Solar Recent Development
11.4 Trina Solar
11.4.1 Trina Solar Company Detail
11.4.2 Trina Solar Business Overview
11.4.3 Trina Solar Solar Photovoltaic Modules Introduction
11.4.4 Trina Solar Revenue in Solar Photovoltaic Modules Business (2018-2023)
11.4.5 Trina Solar Recent Development
11.5 Canadian Solar
11.5.1 Canadian Solar Company Detail
11.5.2 Canadian Solar Business Overview
11.5.3 Canadian Solar Solar Photovoltaic Modules Introduction
11.5.4 Canadian Solar Revenue in Solar Photovoltaic Modules Business (2018-2023)
11.5.5 Canadian Solar Recent Development
11.6 Hanwha Q Cells
11.6.1 Hanwha Q Cells Company Detail
11.6.2 Hanwha Q Cells Business Overview
11.6.3 Hanwha Q Cells Solar Photovoltaic Modules Introduction
11.6.4 Hanwha Q Cells Revenue in Solar Photovoltaic Modules Business (2018-2023)
11.6.5 Hanwha Q Cells Recent Development
11.7 Risen Energy
11.7.1 Risen Energy Company Detail
11.7.2 Risen Energy Business Overview
11.7.3 Risen Energy Solar Photovoltaic Modules Introduction
11.7.4 Risen Energy Revenue in Solar Photovoltaic Modules Business (2018-2023)
11.7.5 Risen Energy Recent Development
11.8 First Solar
11.8.1 First Solar Company Detail
11.8.2 First Solar Business Overview
11.8.3 First Solar Solar Photovoltaic Modules Introduction
11.8.4 First Solar Revenue in Solar Photovoltaic Modules Business (2018-2023)
11.8.5 First Solar Recent Development
11.9 Chint (Astronergy)
11.9.1 Chint (Astronergy) Company Detail
11.9.2 Chint (Astronergy) Business Overview
11.9.3 Chint (Astronergy) Solar Photovoltaic Modules Introduction
11.9.4 Chint (Astronergy) Revenue in Solar Photovoltaic Modules Business (2018-2023)
11.9.5 Chint (Astronergy) Recent Development
11.10 Suntech
11.10.1 Suntech Company Detail
11.10.2 Suntech Business Overview
11.10.3 Suntech Solar Photovoltaic Modules Introduction
11.10.4 Suntech Revenue in Solar Photovoltaic Modules Business (2018-2023)
11.10.5 Suntech Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Published By : QY Research
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