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Solar Module-Global Market Insights and Sales Trends 2025

Solar Module-Global Market Insights and Sales Trends 2025

Publishing Date : Mar, 2025

License Type :
 

Report Code : 1834765

No of Pages : 124

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Synopsis
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.
The global Solar Module market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Solar Module in various end use industries. The expanding demands from the Residential, Commercial, Ground Station and Others, are propelling Solar Module market. Single Crystal Silicon, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Polycrystalline Silicon segment is estimated at % CAGR for the next seven-year period.
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.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Solar Module, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Solar Module market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Solar Module market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Solar Module sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Solar Module covered in this report include Hanwha, First Solar, SunPower, Elkem Solar, Sharp, Kyocera Solar, Solar Frontier, Solarworld and Delsolar (NSP), etc.
The global Solar Module market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
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
Global Solar Module market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Solar Module market, Segment by Type:
Single Crystal Silicon
Polycrystalline Silicon
Other
Global Solar Module market, by Application
Residential
Commercial
Ground Station
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Solar Module manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Solar Module in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index
1 Solar Module Market Overview
1.1 Solar Module Product Overview
1.2 Solar Module Market Segment by Type
1.2.1 Single Crystal Silicon
1.2.2 Polycrystalline Silicon
1.2.3 Other
1.3 Global Solar Module Market Size by Type
1.3.1 Global Solar Module Market Size Overview by Type (2018-2029)
1.3.2 Global Solar Module Historic Market Size Review by Type (2018-2023)
1.3.3 Global Solar Module Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Solar Module Sales Breakdown by Type (2018-2023)
1.4.2 Europe Solar Module Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Solar Module Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Solar Module Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Solar Module Sales Breakdown by Type (2018-2023)
2 Global Solar Module Market Competition by Company
2.1 Global Top Players by Solar Module Sales (2018-2023)
2.2 Global Top Players by Solar Module Revenue (2018-2023)
2.3 Global Top Players by Solar Module Price (2018-2023)
2.4 Global Top Manufacturers Solar Module Manufacturing Base Distribution, Sales Area, Product Type
2.5 Solar Module Market Competitive Situation and Trends
2.5.1 Solar Module Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Solar Module Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Solar Module as of 2022)
2.7 Date of Key Manufacturers Enter into Solar Module Market
2.8 Key Manufacturers Solar Module Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Solar Module Status and Outlook by Region
3.1 Global Solar Module Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Solar Module Historic Market Size by Region
3.2.1 Global Solar Module Sales in Volume by Region (2018-2023)
3.2.2 Global Solar Module Sales in Value by Region (2018-2023)
3.2.3 Global Solar Module Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Solar Module Forecasted Market Size by Region
3.3.1 Global Solar Module Sales in Volume by Region (2024-2029)
3.3.2 Global Solar Module Sales in Value by Region (2024-2029)
3.3.3 Global Solar Module Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Solar Module by Application
4.1 Solar Module Market Segment by Application
4.1.1 Residential
4.1.2 Commercial
4.1.3 Ground Station
4.1.4 Others
4.2 Global Solar Module Market Size by Application
4.2.1 Global Solar Module Market Size Overview by Application (2018-2029)
4.2.2 Global Solar Module Historic Market Size Review by Application (2018-2023)
4.2.3 Global Solar Module Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Solar Module Sales Breakdown by Application (2018-2023)
4.3.2 Europe Solar Module Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Solar Module Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Solar Module Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Solar Module Sales Breakdown by Application (2018-2023)
5 North America Solar Module by Country
5.1 North America Solar Module Historic Market Size by Country
5.1.1 North America Solar Module Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Solar Module Sales in Volume by Country (2018-2023)
5.1.3 North America Solar Module Sales in Value by Country (2018-2023)
5.2 North America Solar Module Forecasted Market Size by Country
5.2.1 North America Solar Module Sales in Volume by Country (2024-2029)
5.2.2 North America Solar Module Sales in Value by Country (2024-2029)
6 Europe Solar Module by Country
6.1 Europe Solar Module Historic Market Size by Country
6.1.1 Europe Solar Module Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Solar Module Sales in Volume by Country (2018-2023)
6.1.3 Europe Solar Module Sales in Value by Country (2018-2023)
6.2 Europe Solar Module Forecasted Market Size by Country
6.2.1 Europe Solar Module Sales in Volume by Country (2024-2029)
6.2.2 Europe Solar Module Sales in Value by Country (2024-2029)
7 Asia-Pacific Solar Module by Region
7.1 Asia-Pacific Solar Module Historic Market Size by Region
7.1.1 Asia-Pacific Solar Module Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Solar Module Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Solar Module Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Solar Module Forecasted Market Size by Region
7.2.1 Asia-Pacific Solar Module Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Solar Module Sales in Value by Region (2024-2029)
8 Latin America Solar Module by Country
8.1 Latin America Solar Module Historic Market Size by Country
8.1.1 Latin America Solar Module Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Solar Module Sales in Volume by Country (2018-2023)
8.1.3 Latin America Solar Module Sales in Value by Country (2018-2023)
8.2 Latin America Solar Module Forecasted Market Size by Country
8.2.1 Latin America Solar Module Sales in Volume by Country (2024-2029)
8.2.2 Latin America Solar Module Sales in Value by Country (2024-2029)
9 Middle East and Africa Solar Module by Country
9.1 Middle East and Africa Solar Module Historic Market Size by Country
9.1.1 Middle East and Africa Solar Module Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Solar Module Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Solar Module Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Solar Module Forecasted Market Size by Country
9.2.1 Middle East and Africa Solar Module Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Solar Module Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Hanwha
10.1.1 Hanwha Company Information
10.1.2 Hanwha Introduction and Business Overview
10.1.3 Hanwha Solar Module Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Hanwha Solar Module Products Offered
10.1.5 Hanwha Recent Development
10.2 First Solar
10.2.1 First Solar Company Information
10.2.2 First Solar Introduction and Business Overview
10.2.3 First Solar Solar Module Sales, Revenue and Gross Margin (2018-2023)
10.2.4 First Solar Solar Module Products Offered
10.2.5 First Solar Recent Development
10.3 SunPower
10.3.1 SunPower Company Information
10.3.2 SunPower Introduction and Business Overview
10.3.3 SunPower Solar Module Sales, Revenue and Gross Margin (2018-2023)
10.3.4 SunPower Solar Module Products Offered
10.3.5 SunPower Recent Development
10.4 Elkem Solar
10.4.1 Elkem Solar Company Information
10.4.2 Elkem Solar Introduction and Business Overview
10.4.3 Elkem Solar Solar Module Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Elkem Solar Solar Module Products Offered
10.4.5 Elkem Solar Recent Development
10.5 Sharp
10.5.1 Sharp Company Information
10.5.2 Sharp Introduction and Business Overview
10.5.3 Sharp Solar Module Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Sharp Solar Module Products Offered
10.5.5 Sharp Recent Development
10.6 Kyocera Solar
10.6.1 Kyocera Solar Company Information
10.6.2 Kyocera Solar Introduction and Business Overview
10.6.3 Kyocera Solar Solar Module Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Kyocera Solar Solar Module Products Offered
10.6.5 Kyocera Solar Recent Development
10.7 Solar Frontier
10.7.1 Solar Frontier Company Information
10.7.2 Solar Frontier Introduction and Business Overview
10.7.3 Solar Frontier Solar Module Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Solar Frontier Solar Module Products Offered
10.7.5 Solar Frontier Recent Development
10.8 Solarworld
10.8.1 Solarworld Company Information
10.8.2 Solarworld Introduction and Business Overview
10.8.3 Solarworld Solar Module Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Solarworld Solar Module Products Offered
10.8.5 Solarworld Recent Development
10.9 Delsolar (NSP)
10.9.1 Delsolar (NSP) Company Information
10.9.2 Delsolar (NSP) Introduction and Business Overview
10.9.3 Delsolar (NSP) Solar Module Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Delsolar (NSP) Solar Module Products Offered
10.9.5 Delsolar (NSP) Recent Development
10.10 Trina Solar
10.10.1 Trina Solar Company Information
10.10.2 Trina Solar Introduction and Business Overview
10.10.3 Trina Solar Solar Module Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Trina Solar Solar Module Products Offered
10.10.5 Trina Solar Recent Development
10.11 Canadian Solar
10.11.1 Canadian Solar Company Information
10.11.2 Canadian Solar Introduction and Business Overview
10.11.3 Canadian Solar Solar Module Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Canadian Solar Solar Module Products Offered
10.11.5 Canadian Solar Recent Development
10.12 Jinko Solar
10.12.1 Jinko Solar Company Information
10.12.2 Jinko Solar Introduction and Business Overview
10.12.3 Jinko Solar Solar Module Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Jinko Solar Solar Module Products Offered
10.12.5 Jinko Solar Recent Development
10.13 JA Solar
10.13.1 JA Solar Company Information
10.13.2 JA Solar Introduction and Business Overview
10.13.3 JA Solar Solar Module Sales, Revenue and Gross Margin (2018-2023)
10.13.4 JA Solar Solar Module Products Offered
10.13.5 JA Solar Recent Development
10.14 GCL System Integration
10.14.1 GCL System Integration Company Information
10.14.2 GCL System Integration Introduction and Business Overview
10.14.3 GCL System Integration Solar Module Sales, Revenue and Gross Margin (2018-2023)
10.14.4 GCL System Integration Solar Module Products Offered
10.14.5 GCL System Integration Recent Development
10.15 Yingli
10.15.1 Yingli Company Information
10.15.2 Yingli Introduction and Business Overview
10.15.3 Yingli Solar Module Sales, Revenue and Gross Margin (2018-2023)
10.15.4 Yingli Solar Module Products Offered
10.15.5 Yingli Recent Development
10.16 Shunfeng
10.16.1 Shunfeng Company Information
10.16.2 Shunfeng Introduction and Business Overview
10.16.3 Shunfeng Solar Module Sales, Revenue and Gross Margin (2018-2023)
10.16.4 Shunfeng Solar Module Products Offered
10.16.5 Shunfeng Recent Development
10.17 ReneSola
10.17.1 ReneSola Company Information
10.17.2 ReneSola Introduction and Business Overview
10.17.3 ReneSola Solar Module Sales, Revenue and Gross Margin (2018-2023)
10.17.4 ReneSola Solar Module Products Offered
10.17.5 ReneSola Recent Development
10.18 Risen
10.18.1 Risen Company Information
10.18.2 Risen Introduction and Business Overview
10.18.3 Risen Solar Module Sales, Revenue and Gross Margin (2018-2023)
10.18.4 Risen Solar Module Products Offered
10.18.5 Risen Recent Development
10.19 Chint
10.19.1 Chint Company Information
10.19.2 Chint Introduction and Business Overview
10.19.3 Chint Solar Module Sales, Revenue and Gross Margin (2018-2023)
10.19.4 Chint Solar Module Products Offered
10.19.5 Chint Recent Development
10.20 Hareonsolar
10.20.1 Hareonsolar Company Information
10.20.2 Hareonsolar Introduction and Business Overview
10.20.3 Hareonsolar Solar Module Sales, Revenue and Gross Margin (2018-2023)
10.20.4 Hareonsolar Solar Module Products Offered
10.20.5 Hareonsolar Recent Development
10.21 Eging PV
10.21.1 Eging PV Company Information
10.21.2 Eging PV Introduction and Business Overview
10.21.3 Eging PV Solar Module Sales, Revenue and Gross Margin (2018-2023)
10.21.4 Eging PV Solar Module Products Offered
10.21.5 Eging PV Recent Development
10.22 CSUN
10.22.1 CSUN Company Information
10.22.2 CSUN Introduction and Business Overview
10.22.3 CSUN Solar Module Sales, Revenue and Gross Margin (2018-2023)
10.22.4 CSUN Solar Module Products Offered
10.22.5 CSUN Recent Development
10.23 BYD
10.23.1 BYD Company Information
10.23.2 BYD Introduction and Business Overview
10.23.3 BYD Solar Module Sales, Revenue and Gross Margin (2018-2023)
10.23.4 BYD Solar Module Products Offered
10.23.5 BYD Recent Development
10.24 HT-SAAE
10.24.1 HT-SAAE Company Information
10.24.2 HT-SAAE Introduction and Business Overview
10.24.3 HT-SAAE Solar Module Sales, Revenue and Gross Margin (2018-2023)
10.24.4 HT-SAAE Solar Module Products Offered
10.24.5 HT-SAAE Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Solar Module Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Solar Module Industrial Chain Analysis
11.4 Solar Module Market Dynamics
11.4.1 Solar Module Industry Trends
11.4.2 Solar Module Market Drivers
11.4.3 Solar Module Market Challenges
11.4.4 Solar Module Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Solar Module Distributors
12.3 Solar Module Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer

Published By : QY Research

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