Product Code: IRTNTR46673
Crystalline Silicon Solar Photovoltaic (PV) Modules Market 2024-2028
The crystalline silicon solar photovoltaic (PV) modules market is forecasted to grow by USD 88 bn during 2023-2028, accelerating at a CAGR of 22.33% during the forecast period. The report on the crystalline silicon solar photovoltaic (PV) modules market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by favorable government regulations regarding use of fossil fuels, increasing investments in renewable energy, and rise in solar PV installations.
Market Scope |
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 18.97% |
CAGR | 22.33% |
Incremental Value | $88 bn |
Technavio's crystalline silicon solar photovoltaic (PV) modules market is segmented as below:
By Product
- Monocrystalline
- Polycrystalline
By End-user
- Commercial
- Residential
- Utility sector
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the increased adoption of microgrids as one of the prime reasons driving the crystalline silicon solar photovoltaic (PV) modules market growth during the next few years. Also, developments in solar efficiency and development of zero-energy buildings will lead to sizable demand in the market.
The report on the crystalline silicon solar photovoltaic (PV) modules market covers the following areas:
- Crystalline silicon solar photovoltaic (PV) modules market sizing
- Crystalline silicon solar photovoltaic (PV) modules market forecast
- Crystalline silicon solar photovoltaic (PV) modules market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading crystalline silicon solar photovoltaic (PV) modules market vendors that include Canadian Solar Inc., Emeren Group Ltd., First Solar Inc., Hanwha Corp., JA Solar Technology Co. Ltd., Jiangsu Shunfeng Photovoltaic Technology Co. Ltd., JinkoSolar Holding Co. Ltd., LONGi Green Energy Technology Co. Ltd., Moser Solar, Motech Industries Inc., Novergy Energy Solutions Pvt. Ltd., Risen Energy Co. Ltd., Sharp Corp., SolarEdge Technologies Inc., Su kam Power, SunPower Corp., Sunrun Inc., Trina Solar Co. Ltd., Vikram Solar Ltd., and Zhejiang CHINT Electrics Co. Ltd.. Also, the crystalline silicon solar photovoltaic (PV) modules market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by Product
- Executive Summary - Chart on Market Segmentation by End-user
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
- 2.2 Market characteristics
- Market characteristics analysis
- 2.3 Value chain analysis
3 Market Sizing
- 3.1 Market definition
- Offerings of companies included in the market definition
- 3.2 Market segment analysis
- 3.3 Market size 2023
- 3.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ billion)
- Data Table on Global - Market size and forecast 2023-2028 ($ billion)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
- 4.1 Global Crystalline Silicon Solar Photovoltaic (PV) Modules Market 2018 - 2022
- Historic Market Size - Data Table on Global Crystalline Silicon Solar Photovoltaic (PV) Modules Market 2018 - 2022 ($ billion)
- 4.2 Product segment analysis 2018 - 2022
- Historic Market Size - Product Segment 2018 - 2022 ($ billion)
- 4.3 End-user segment analysis 2018 - 2022
- Historic Market Size - End-user Segment 2018 - 2022 ($ billion)
- 4.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
- 4.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ billion)
5 Five Forces Analysis
- 5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
- 5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
- 5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
- 5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
- 5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
- 5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
- 5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Product
- 6.1 Market segments
- Chart on Product - Market share 2023-2028 (%)
- Data Table on Product - Market share 2023-2028 (%)
- 6.2 Comparison by Product
- Chart on Comparison by Product
- Data Table on Comparison by Product
- 6.3 Monocrystalline - Market size and forecast 2023-2028
- Chart on Monocrystalline - Market size and forecast 2023-2028 ($ billion)
- Data Table on Monocrystalline - Market size and forecast 2023-2028 ($ billion)
- Chart on Monocrystalline - Year-over-year growth 2023-2028 (%)
- Data Table on Monocrystalline - Year-over-year growth 2023-2028 (%)
- 6.4 Polycrystalline - Market size and forecast 2023-2028
- Chart on Polycrystalline - Market size and forecast 2023-2028 ($ billion)
- Data Table on Polycrystalline - Market size and forecast 2023-2028 ($ billion)
- Chart on Polycrystalline - Year-over-year growth 2023-2028 (%)
- Data Table on Polycrystalline - Year-over-year growth 2023-2028 (%)
- 6.5 Market opportunity by Product
- Market opportunity by Product ($ billion)
- Data Table on Market opportunity by Product ($ billion)
7 Market Segmentation by End-user
- 7.1 Market segments
- Chart on End-user - Market share 2023-2028 (%)
- Data Table on End-user - Market share 2023-2028 (%)
- 7.2 Comparison by End-user
- Chart on Comparison by End-user
- Data Table on Comparison by End-user
- 7.3 Commercial - Market size and forecast 2023-2028
- Chart on Commercial - Market size and forecast 2023-2028 ($ billion)
- Data Table on Commercial - Market size and forecast 2023-2028 ($ billion)
- Chart on Commercial - Year-over-year growth 2023-2028 (%)
- Data Table on Commercial - Year-over-year growth 2023-2028 (%)
- 7.4 Residential - Market size and forecast 2023-2028
- Chart on Residential - Market size and forecast 2023-2028 ($ billion)
- Data Table on Residential - Market size and forecast 2023-2028 ($ billion)
- Chart on Residential - Year-over-year growth 2023-2028 (%)
- Data Table on Residential - Year-over-year growth 2023-2028 (%)
- 7.5 Utility sector - Market size and forecast 2023-2028
- Chart on Utility sector - Market size and forecast 2023-2028 ($ billion)
- Data Table on Utility sector - Market size and forecast 2023-2028 ($ billion)
- Chart on Utility sector - Year-over-year growth 2023-2028 (%)
- Data Table on Utility sector - Year-over-year growth 2023-2028 (%)
- 7.6 Market opportunity by End-user
- Market opportunity by End-user ($ billion)
- Data Table on Market opportunity by End-user ($ billion)
8 Customer Landscape
- 8.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2023-2028 (%)
- Data Table on Market share By Geographical Landscape 2023-2028 (%)
- 9.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 9.3 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ billion)
- Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)
- 9.4 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ billion)
- Data Table on North America - Market size and forecast 2023-2028 ($ billion)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
- 9.5 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ billion)
- Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
- 9.6 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ billion)
- Data Table on South America - Market size and forecast 2023-2028 ($ billion)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)
- 9.7 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- 9.8 China - Market size and forecast 2023-2028
- Chart on China - Market size and forecast 2023-2028 ($ billion)
- Data Table on China - Market size and forecast 2023-2028 ($ billion)
- Chart on China - Year-over-year growth 2023-2028 (%)
- Data Table on China - Year-over-year growth 2023-2028 (%)
- 9.9 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ billion)
- Data Table on US - Market size and forecast 2023-2028 ($ billion)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)
- 9.10 India - Market size and forecast 2023-2028
- Chart on India - Market size and forecast 2023-2028 ($ billion)
- Data Table on India - Market size and forecast 2023-2028 ($ billion)
- Chart on India - Year-over-year growth 2023-2028 (%)
- Data Table on India - Year-over-year growth 2023-2028 (%)
- 9.11 Japan - Market size and forecast 2023-2028
- Chart on Japan - Market size and forecast 2023-2028 ($ billion)
- Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
- Chart on Japan - Year-over-year growth 2023-2028 (%)
- Data Table on Japan - Year-over-year growth 2023-2028 (%)
- 9.12 Turkey - Market size and forecast 2023-2028
- Chart on Turkey - Market size and forecast 2023-2028 ($ billion)
- Data Table on Turkey - Market size and forecast 2023-2028 ($ billion)
- Chart on Turkey - Year-over-year growth 2023-2028 (%)
- Data Table on Turkey - Year-over-year growth 2023-2028 (%)
- 9.13 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ billion)
- Data Tables on Market opportunity By Geographical Landscape ($ billion)
10 Drivers, Challenges, and Opportunity/Restraints
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
- 10.4 Market opportunities/restraints
11 Competitive Landscape
- 11.1 Overview
- 11.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 11.3 Landscape disruption
- Overview on factors of disruption
- 11.4 Industry risks
- Impact of key risks on business
12 Competitive Analysis
- 12.1 Companies profiled
- 12.2 Market positioning of companies
- Matrix on companies position and classification
- 12.3 Canadian Solar Inc.
- Canadian Solar Inc. - Overview
- Canadian Solar Inc. - Business segments
- Canadian Solar Inc. - Key offerings
- Canadian Solar Inc. - Segment focus
- 12.4 Emeren Group Ltd.
- Emeren Group Ltd. - Overview
- Emeren Group Ltd. - Product / Service
- Emeren Group Ltd. - Key offerings
- 12.5 First Solar Inc.
- First Solar Inc. - Overview
- First Solar Inc. - Business segments
- First Solar Inc. - Key news
- First Solar Inc. - Key offerings
- First Solar Inc. - Segment focus
- 12.6 Hanwha Corp.
- Hanwha Corp. - Overview
- Hanwha Corp. - Product / Service
- Hanwha Corp. - Key news
- Hanwha Corp. - Key offerings
- 12.7 JA Solar Technology Co. Ltd.
- JA Solar Technology Co. Ltd. - Overview
- JA Solar Technology Co. Ltd. - Product / Service
- JA Solar Technology Co. Ltd. - Key offerings
- 12.8 Jiangsu Shunfeng Photovoltaic Technology Co. Ltd.
- Jiangsu Shunfeng Photovoltaic Technology Co. Ltd. - Overview
- Jiangsu Shunfeng Photovoltaic Technology Co. Ltd. - Product / Service
- Jiangsu Shunfeng Photovoltaic Technology Co. Ltd. - Key offerings
- 12.9 JinkoSolar Holding Co. Ltd.
- JinkoSolar Holding Co. Ltd. - Overview
- JinkoSolar Holding Co. Ltd. - Product / Service
- JinkoSolar Holding Co. Ltd. - Key news
- JinkoSolar Holding Co. Ltd. - Key offerings
- 12.10 LONGi Green Energy Technology Co. Ltd.
- LONGi Green Energy Technology Co. Ltd. - Overview
- LONGi Green Energy Technology Co. Ltd. - Product / Service
- LONGi Green Energy Technology Co. Ltd. - Key offerings
- 12.11 Risen Energy Co. Ltd.
- Risen Energy Co. Ltd. - Overview
- Risen Energy Co. Ltd. - Product / Service
- Risen Energy Co. Ltd. - Key offerings
- 12.12 Sharp Corp.
- Sharp Corp. - Overview
- Sharp Corp. - Business segments
- Sharp Corp. - Key news
- Sharp Corp. - Key offerings
- Sharp Corp. - Segment focus
- 12.13 SolarEdge Technologies Inc.
- SolarEdge Technologies Inc. - Overview
- SolarEdge Technologies Inc. - Product / Service
- SolarEdge Technologies Inc. - Key news
- SolarEdge Technologies Inc. - Key offerings
- 12.14 SunPower Corp.
- SunPower Corp. - Overview
- SunPower Corp. - Product / Service
- SunPower Corp. - Key offerings
- 12.15 Sunrun Inc.
- Sunrun Inc. - Overview
- Sunrun Inc. - Product / Service
- Sunrun Inc. - Key offerings
- 12.16 Trina Solar Co. Ltd.
- Trina Solar Co. Ltd. - Overview
- Trina Solar Co. Ltd. - Product / Service
- Trina Solar Co. Ltd. - Key offerings
- 12.17 Zhejiang CHINT Electrics Co. Ltd.
- Zhejiang CHINT Electrics Co. Ltd. - Overview
- Zhejiang CHINT Electrics Co. Ltd. - Product / Service
- Zhejiang CHINT Electrics Co. Ltd. - Key offerings
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 13.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 13.4 Research methodology
- 13.5 Data procurement
- 13.6 Data validation
- 13.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 13.8 Data synthesis
- 13.9 360 degree market analysis
- 360 degree market analysis
- 13.10 List of abbreviations