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Solar Panel Module-Global Market Insights and Sales Trends 2025
Synopsis
The global Solar Panel 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 Panel Module in various end use industries. The expanding demands from the Residential, Commercial and Industrial,, are propelling Solar Panel Module market. Monocrystalline Silicon Solar PV, 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 Solar PV 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 3.313 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 Panel 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 Panel 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 Panel Module market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Solar Panel 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 Panel Module covered in this report include Trina Solar, Canadian Solar, JinkoSolar, JA Solar, Hanwha Q CELLS, First Solar, Yingli Green, SFCE and ReneSola, etc.
The global Solar Panel 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:
Trina Solar
Canadian Solar
JinkoSolar
JA Solar
Hanwha Q CELLS
First Solar
Yingli Green
SFCE
ReneSola
SunPower Corp
Global Solar Panel 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 Panel Module market, Segment by Type:
Monocrystalline Silicon Solar PV
Polycrystalline Silicon Solar PV
Thin-Film Solar PV
Global Solar Panel Module market, by Application
Residential
Commercial
Industrial
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 Panel 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 Panel 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.
The global Solar Panel 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 Panel Module in various end use industries. The expanding demands from the Residential, Commercial and Industrial,, are propelling Solar Panel Module market. Monocrystalline Silicon Solar PV, 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 Solar PV 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 3.313 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 Panel 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 Panel 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 Panel Module market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Solar Panel 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 Panel Module covered in this report include Trina Solar, Canadian Solar, JinkoSolar, JA Solar, Hanwha Q CELLS, First Solar, Yingli Green, SFCE and ReneSola, etc.
The global Solar Panel 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:
Trina Solar
Canadian Solar
JinkoSolar
JA Solar
Hanwha Q CELLS
First Solar
Yingli Green
SFCE
ReneSola
SunPower Corp
Global Solar Panel 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 Panel Module market, Segment by Type:
Monocrystalline Silicon Solar PV
Polycrystalline Silicon Solar PV
Thin-Film Solar PV
Global Solar Panel Module market, by Application
Residential
Commercial
Industrial
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 Panel 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 Panel 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.
Index1 Solar Panel Module Market Overview
1.1 Solar Panel Module Product Overview
1.2 Solar Panel Module Market Segment by Type
1.2.1 Monocrystalline Silicon Solar PV
1.2.2 Polycrystalline Silicon Solar PV
1.2.3 Thin-Film Solar PV
1.3 Global Solar Panel Module Market Size by Type
1.3.1 Global Solar Panel Module Market Size Overview by Type (2018-2029)
1.3.2 Global Solar Panel Module Historic Market Size Review by Type (2018-2023)
1.3.3 Global Solar Panel Module Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Solar Panel Module Sales Breakdown by Type (2018-2023)
1.4.2 Europe Solar Panel Module Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Solar Panel Module Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Solar Panel Module Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Solar Panel Module Sales Breakdown by Type (2018-2023)
2 Global Solar Panel Module Market Competition by Company
2.1 Global Top Players by Solar Panel Module Sales (2018-2023)
2.2 Global Top Players by Solar Panel Module Revenue (2018-2023)
2.3 Global Top Players by Solar Panel Module Price (2018-2023)
2.4 Global Top Manufacturers Solar Panel Module Manufacturing Base Distribution, Sales Area, Product Type
2.5 Solar Panel Module Market Competitive Situation and Trends
2.5.1 Solar Panel Module Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Solar Panel 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 Panel Module as of 2022)
2.7 Date of Key Manufacturers Enter into Solar Panel Module Market
2.8 Key Manufacturers Solar Panel Module Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Solar Panel Module Status and Outlook by Region
3.1 Global Solar Panel Module Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Solar Panel Module Historic Market Size by Region
3.2.1 Global Solar Panel Module Sales in Volume by Region (2018-2023)
3.2.2 Global Solar Panel Module Sales in Value by Region (2018-2023)
3.2.3 Global Solar Panel Module Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Solar Panel Module Forecasted Market Size by Region
3.3.1 Global Solar Panel Module Sales in Volume by Region (2024-2029)
3.3.2 Global Solar Panel Module Sales in Value by Region (2024-2029)
3.3.3 Global Solar Panel Module Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Solar Panel Module by Application
4.1 Solar Panel Module Market Segment by Application
4.1.1 Residential
4.1.2 Commercial
4.1.3 Industrial
4.2 Global Solar Panel Module Market Size by Application
4.2.1 Global Solar Panel Module Market Size Overview by Application (2018-2029)
4.2.2 Global Solar Panel Module Historic Market Size Review by Application (2018-2023)
4.2.3 Global Solar Panel Module Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Solar Panel Module Sales Breakdown by Application (2018-2023)
4.3.2 Europe Solar Panel Module Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Solar Panel Module Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Solar Panel Module Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Solar Panel Module Sales Breakdown by Application (2018-2023)
5 North America Solar Panel Module by Country
5.1 North America Solar Panel Module Historic Market Size by Country
5.1.1 North America Solar Panel Module Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Solar Panel Module Sales in Volume by Country (2018-2023)
5.1.3 North America Solar Panel Module Sales in Value by Country (2018-2023)
5.2 North America Solar Panel Module Forecasted Market Size by Country
5.2.1 North America Solar Panel Module Sales in Volume by Country (2024-2029)
5.2.2 North America Solar Panel Module Sales in Value by Country (2024-2029)
6 Europe Solar Panel Module by Country
6.1 Europe Solar Panel Module Historic Market Size by Country
6.1.1 Europe Solar Panel Module Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Solar Panel Module Sales in Volume by Country (2018-2023)
6.1.3 Europe Solar Panel Module Sales in Value by Country (2018-2023)
6.2 Europe Solar Panel Module Forecasted Market Size by Country
6.2.1 Europe Solar Panel Module Sales in Volume by Country (2024-2029)
6.2.2 Europe Solar Panel Module Sales in Value by Country (2024-2029)
7 Asia-Pacific Solar Panel Module by Region
7.1 Asia-Pacific Solar Panel Module Historic Market Size by Region
7.1.1 Asia-Pacific Solar Panel Module Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Solar Panel Module Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Solar Panel Module Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Solar Panel Module Forecasted Market Size by Region
7.2.1 Asia-Pacific Solar Panel Module Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Solar Panel Module Sales in Value by Region (2024-2029)
8 Latin America Solar Panel Module by Country
8.1 Latin America Solar Panel Module Historic Market Size by Country
8.1.1 Latin America Solar Panel Module Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Solar Panel Module Sales in Volume by Country (2018-2023)
8.1.3 Latin America Solar Panel Module Sales in Value by Country (2018-2023)
8.2 Latin America Solar Panel Module Forecasted Market Size by Country
8.2.1 Latin America Solar Panel Module Sales in Volume by Country (2024-2029)
8.2.2 Latin America Solar Panel Module Sales in Value by Country (2024-2029)
9 Middle East and Africa Solar Panel Module by Country
9.1 Middle East and Africa Solar Panel Module Historic Market Size by Country
9.1.1 Middle East and Africa Solar Panel Module Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Solar Panel Module Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Solar Panel Module Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Solar Panel Module Forecasted Market Size by Country
9.2.1 Middle East and Africa Solar Panel Module Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Solar Panel Module Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Trina Solar
10.1.1 Trina Solar Company Information
10.1.2 Trina Solar Introduction and Business Overview
10.1.3 Trina Solar Solar Panel Module Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Trina Solar Solar Panel Module Products Offered
10.1.5 Trina Solar Recent Development
10.2 Canadian Solar
10.2.1 Canadian Solar Company Information
10.2.2 Canadian Solar Introduction and Business Overview
10.2.3 Canadian Solar Solar Panel Module Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Canadian Solar Solar Panel Module Products Offered
10.2.5 Canadian Solar Recent Development
10.3 JinkoSolar
10.3.1 JinkoSolar Company Information
10.3.2 JinkoSolar Introduction and Business Overview
10.3.3 JinkoSolar Solar Panel Module Sales, Revenue and Gross Margin (2018-2023)
10.3.4 JinkoSolar Solar Panel Module Products Offered
10.3.5 JinkoSolar Recent Development
10.4 JA Solar
10.4.1 JA Solar Company Information
10.4.2 JA Solar Introduction and Business Overview
10.4.3 JA Solar Solar Panel Module Sales, Revenue and Gross Margin (2018-2023)
10.4.4 JA Solar Solar Panel Module Products Offered
10.4.5 JA Solar Recent Development
10.5 Hanwha Q CELLS
10.5.1 Hanwha Q CELLS Company Information
10.5.2 Hanwha Q CELLS Introduction and Business Overview
10.5.3 Hanwha Q CELLS Solar Panel Module Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Hanwha Q CELLS Solar Panel Module Products Offered
10.5.5 Hanwha Q CELLS Recent Development
10.6 First Solar
10.6.1 First Solar Company Information
10.6.2 First Solar Introduction and Business Overview
10.6.3 First Solar Solar Panel Module Sales, Revenue and Gross Margin (2018-2023)
10.6.4 First Solar Solar Panel Module Products Offered
10.6.5 First Solar Recent Development
10.7 Yingli Green
10.7.1 Yingli Green Company Information
10.7.2 Yingli Green Introduction and Business Overview
10.7.3 Yingli Green Solar Panel Module Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Yingli Green Solar Panel Module Products Offered
10.7.5 Yingli Green Recent Development
10.8 SFCE
10.8.1 SFCE Company Information
10.8.2 SFCE Introduction and Business Overview
10.8.3 SFCE Solar Panel Module Sales, Revenue and Gross Margin (2018-2023)
10.8.4 SFCE Solar Panel Module Products Offered
10.8.5 SFCE Recent Development
10.9 ReneSola
10.9.1 ReneSola Company Information
10.9.2 ReneSola Introduction and Business Overview
10.9.3 ReneSola Solar Panel Module Sales, Revenue and Gross Margin (2018-2023)
10.9.4 ReneSola Solar Panel Module Products Offered
10.9.5 ReneSola Recent Development
10.10 SunPower Corp
10.10.1 SunPower Corp Company Information
10.10.2 SunPower Corp Introduction and Business Overview
10.10.3 SunPower Corp Solar Panel Module Sales, Revenue and Gross Margin (2018-2023)
10.10.4 SunPower Corp Solar Panel Module Products Offered
10.10.5 SunPower Corp Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Solar Panel 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 Panel Module Industrial Chain Analysis
11.4 Solar Panel Module Market Dynamics
11.4.1 Solar Panel Module Industry Trends
11.4.2 Solar Panel Module Market Drivers
11.4.3 Solar Panel Module Market Challenges
11.4.4 Solar Panel Module Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Solar Panel Module Distributors
12.3 Solar Panel 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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