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
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
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)