Global Solar Cell (Photovoltaic) Module Industry Growth and Trends Forecast to 2031

Summary

A solar cell or photovoltaic (PV) cell is a semiconductor device that converts light directly into electricity by the photovoltaic effect. The most common material in solar cell production is purified silicon that can be applied in different ways.

According to APO Research, The global Solar Cell (Photovoltaic) Module market was estimated at US$ million in 2025 and is projected to reach a revised size of US$ million by 2031, witnessing a CAGR of xx% during the forecast period 2026-2031.

North American market for Solar Cell (Photovoltaic) Module is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2026 through 2031.

Asia-Pacific market for Solar Cell (Photovoltaic) Module is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2026 through 2031.

Europe market for Solar Cell (Photovoltaic) Module is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2026 through 2031.

The major global manufacturers of Solar Cell (Photovoltaic) Module include JinkoSolar, LONGi, JA Solar, First Solar, Canadian Solar, Trina Solar, Hanwha Solutions, Risen Energy and Seraphim, etc. In 2024, the world's top three vendors accounted for approximately % of the revenue.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Solar Cell (Photovoltaic) Module, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Solar Cell (Photovoltaic) Module.

The Solar Cell (Photovoltaic) Module market size, estimations, and forecasts are provided in terms of sales volume (MW) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Solar Cell (Photovoltaic) Module market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided. For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

Key Companies & Market Share Insights

In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and sales by manufacturers for the period 2020-2025. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses.

Solar Cell (Photovoltaic) Module Segment by Company

JinkoSolar
LONGi
JA Solar
First Solar
Canadian Solar
Trina Solar
Hanwha Solutions
Risen Energy
Seraphim
SunPower
Chint Electrics
Solargiga
Shunfeng
LG Business Solutions
Jinergy
GCL System
Jolywood
Talesun Solar
HT-SAAE

Solar Cell (Photovoltaic) Module Segment by Type

Mono-Si Modules
Multi-Si Modules
CdTe Modules
CIGS Modules
a-Si Modules
Others

Solar Cell (Photovoltaic) Module Segment by Application

PV Power Station
Commercial
Residential
Others

Solar Cell (Photovoltaic) Module Segment by Region

North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries

Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Solar Cell (Photovoltaic) Module market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Solar Cell (Photovoltaic) Module and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Solar Cell (Photovoltaic) Module.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: 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 2: 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 3: Detailed analysis of Solar Cell (Photovoltaic) Module manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Sales, revenue of Solar Cell (Photovoltaic) 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 5: Introduces market segments by application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter 6: 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 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter 12: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics.
Chapter 13: Concluding Insights of the report.

Please Note: Single-User license will be delivered via PDF from the publisher without the rights to print or to edit.


1 Market Overview

1.1 Product Definition
1.2 Global Market Growth Prospects
1.2.1 Global Solar Cell (Photovoltaic) Module Market Size Estimates and Forecasts (2020-2031)
1.2.2 Global Solar Cell (Photovoltaic) Module Sales Estimates and Forecasts (2020-2031)
1.3 Solar Cell (Photovoltaic) Module Market by Type
1.3.1 Mono-Si Modules
1.3.2 Multi-Si Modules
1.3.3 CdTe Modules
1.3.4 CIGS Modules
1.3.5 a-Si Modules
1.3.6 Others
1.4 Global Solar Cell (Photovoltaic) Module Market Size by Type
1.4.1 Global Solar Cell (Photovoltaic) Module Market Size Overview by Type (2020-2031)
1.4.2 Global Solar Cell (Photovoltaic) Module Historic Market Size Review by Type (2020-2025)
1.4.3 Global Solar Cell (Photovoltaic) Module Forecasted Market Size by Type (2026-2031)
1.5 Key Regions Market Size by Type
1.5.1 North America Solar Cell (Photovoltaic) Module Sales Breakdown by Type (2020-2025)
1.5.2 Europe Solar Cell (Photovoltaic) Module Sales Breakdown by Type (2020-2025)
1.5.3 Asia-Pacific Solar Cell (Photovoltaic) Module Sales Breakdown by Type (2020-2025)
1.5.4 South America Solar Cell (Photovoltaic) Module Sales Breakdown by Type (2020-2025)
1.5.5 Middle East and Africa Solar Cell (Photovoltaic) Module Sales Breakdown by Type (2020-2025)
2 Global Market Dynamics

2.1 Solar Cell (Photovoltaic) Module Industry Trends
2.2 Solar Cell (Photovoltaic) Module Industry Drivers
2.3 Solar Cell (Photovoltaic) Module Industry Opportunities and Challenges
2.4 Solar Cell (Photovoltaic) Module Industry Restraints
3 Market Competitive Landscape by Company

3.1 Global Top Players by Solar Cell (Photovoltaic) Module Revenue (2020-2025)
3.2 Global Top Players by Solar Cell (Photovoltaic) Module Sales (2020-2025)
3.3 Global Top Players by Solar Cell (Photovoltaic) Module Price (2020-2025)
3.4 Global Solar Cell (Photovoltaic) Module Industry Company Ranking, 2023 VS 2024 VS 2025
3.5 Global Solar Cell (Photovoltaic) Module Major Company Production Sites & Headquarters
3.6 Global Solar Cell (Photovoltaic) Module Company, Product Type & Application
3.7 Global Solar Cell (Photovoltaic) Module Company Establishment Date
3.8 Market Competitive Analysis
3.8.1 Global Solar Cell (Photovoltaic) Module Market CR5 and HHI
3.8.2 Global Top 5 and 10 Solar Cell (Photovoltaic) Module Players Market Share by Revenue in 2024
3.8.3 2023 Solar Cell (Photovoltaic) Module Tier 1, Tier 2, and Tier 3
4 Solar Cell (Photovoltaic) Module Regional Status and Outlook

4.1 Global Solar Cell (Photovoltaic) Module Market Size and CAGR by Region: 2020 VS 2024 VS 2031
4.2 Global Solar Cell (Photovoltaic) Module Historic Market Size by Region
4.2.1 Global Solar Cell (Photovoltaic) Module Sales in Volume by Region (2020-2025)
4.2.2 Global Solar Cell (Photovoltaic) Module Sales in Value by Region (2020-2025)
4.2.3 Global Solar Cell (Photovoltaic) Module Sales (Volume & Value), Price and Gross Margin (2020-2025)
4.3 Global Solar Cell (Photovoltaic) Module Forecasted Market Size by Region
4.3.1 Global Solar Cell (Photovoltaic) Module Sales in Volume by Region (2026-2031)
4.3.2 Global Solar Cell (Photovoltaic) Module Sales in Value by Region (2026-2031)
4.3.3 Global Solar Cell (Photovoltaic) Module Sales (Volume & Value), Price and Gross Margin (2026-2031)
5 Solar Cell (Photovoltaic) Module by Application

5.1 Solar Cell (Photovoltaic) Module Market by Application
5.1.1 PV Power Station
5.1.2 Commercial
5.1.3 Residential
5.1.4 Others
5.2 Global Solar Cell (Photovoltaic) Module Market Size by Application
5.2.1 Global Solar Cell (Photovoltaic) Module Market Size Overview by Application (2020-2031)
5.2.2 Global Solar Cell (Photovoltaic) Module Historic Market Size Review by Application (2020-2025)
5.2.3 Global Solar Cell (Photovoltaic) Module Forecasted Market Size by Application (2026-2031)
5.3 Key Regions Market Size by Application
5.3.1 North America Solar Cell (Photovoltaic) Module Sales Breakdown by Application (2020-2025)
5.3.2 Europe Solar Cell (Photovoltaic) Module Sales Breakdown by Application (2020-2025)
5.3.3 Asia-Pacific Solar Cell (Photovoltaic) Module Sales Breakdown by Application (2020-2025)
5.3.4 South America Solar Cell (Photovoltaic) Module Sales Breakdown by Application (2020-2025)
5.3.5 Middle East and Africa Solar Cell (Photovoltaic) Module Sales Breakdown by Application (2020-2025)
6 Company Profiles

6.1 JinkoSolar
6.1.1 JinkoSolar Comapny Information
6.1.2 JinkoSolar Business Overview
6.1.3 JinkoSolar Solar Cell (Photovoltaic) Module Sales, Revenue and Gross Margin (2020-2025)
6.1.4 JinkoSolar Solar Cell (Photovoltaic) Module Product Portfolio
6.1.5 JinkoSolar Recent Developments
6.2 LONGi
6.2.1 LONGi Comapny Information
6.2.2 LONGi Business Overview
6.2.3 LONGi Solar Cell (Photovoltaic) Module Sales, Revenue and Gross Margin (2020-2025)
6.2.4 LONGi Solar Cell (Photovoltaic) Module Product Portfolio
6.2.5 LONGi Recent Developments
6.3 JA Solar
6.3.1 JA Solar Comapny Information
6.3.2 JA Solar Business Overview
6.3.3 JA Solar Solar Cell (Photovoltaic) Module Sales, Revenue and Gross Margin (2020-2025)
6.3.4 JA Solar Solar Cell (Photovoltaic) Module Product Portfolio
6.3.5 JA Solar Recent Developments
6.4 First Solar
6.4.1 First Solar Comapny Information
6.4.2 First Solar Business Overview
6.4.3 First Solar Solar Cell (Photovoltaic) Module Sales, Revenue and Gross Margin (2020-2025)
6.4.4 First Solar Solar Cell (Photovoltaic) Module Product Portfolio
6.4.5 First Solar Recent Developments
6.5 Canadian Solar
6.5.1 Canadian Solar Comapny Information
6.5.2 Canadian Solar Business Overview
6.5.3 Canadian Solar Solar Cell (Photovoltaic) Module Sales, Revenue and Gross Margin (2020-2025)
6.5.4 Canadian Solar Solar Cell (Photovoltaic) Module Product Portfolio
6.5.5 Canadian Solar Recent Developments
6.6 Trina Solar
6.6.1 Trina Solar Comapny Information
6.6.2 Trina Solar Business Overview
6.6.3 Trina Solar Solar Cell (Photovoltaic) Module Sales, Revenue and Gross Margin (2020-2025)
6.6.4 Trina Solar Solar Cell (Photovoltaic) Module Product Portfolio
6.6.5 Trina Solar Recent Developments
6.7 Hanwha Solutions
6.7.1 Hanwha Solutions Comapny Information
6.7.2 Hanwha Solutions Business Overview
6.7.3 Hanwha Solutions Solar Cell (Photovoltaic) Module Sales, Revenue and Gross Margin (2020-2025)
6.7.4 Hanwha Solutions Solar Cell (Photovoltaic) Module Product Portfolio
6.7.5 Hanwha Solutions Recent Developments
6.8 Risen Energy
6.8.1 Risen Energy Comapny Information
6.8.2 Risen Energy Business Overview
6.8.3 Risen Energy Solar Cell (Photovoltaic) Module Sales, Revenue and Gross Margin (2020-2025)
6.8.4 Risen Energy Solar Cell (Photovoltaic) Module Product Portfolio
6.8.5 Risen Energy Recent Developments
6.9 Seraphim
6.9.1 Seraphim Comapny Information
6.9.2 Seraphim Business Overview
6.9.3 Seraphim Solar Cell (Photovoltaic) Module Sales, Revenue and Gross Margin (2020-2025)
6.9.4 Seraphim Solar Cell (Photovoltaic) Module Product Portfolio
6.9.5 Seraphim Recent Developments
6.10 SunPower
6.10.1 SunPower Comapny Information
6.10.2 SunPower Business Overview
6.10.3 SunPower Solar Cell (Photovoltaic) Module Sales, Revenue and Gross Margin (2020-2025)
6.10.4 SunPower Solar Cell (Photovoltaic) Module Product Portfolio
6.10.5 SunPower Recent Developments
6.11 Chint Electrics
6.11.1 Chint Electrics Comapny Information
6.11.2 Chint Electrics Business Overview
6.11.3 Chint Electrics Solar Cell (Photovoltaic) Module Sales, Revenue and Gross Margin (2020-2025)
6.11.4 Chint Electrics Solar Cell (Photovoltaic) Module Product Portfolio
6.11.5 Chint Electrics Recent Developments
6.12 Solargiga
6.12.1 Solargiga Comapny Information
6.12.2 Solargiga Business Overview
6.12.3 Solargiga Solar Cell (Photovoltaic) Module Sales, Revenue and Gross Margin (2020-2025)
6.12.4 Solargiga Solar Cell (Photovoltaic) Module Product Portfolio
6.12.5 Solargiga Recent Developments
6.13 Shunfeng
6.13.1 Shunfeng Comapny Information
6.13.2 Shunfeng Business Overview
6.13.3 Shunfeng Solar Cell (Photovoltaic) Module Sales, Revenue and Gross Margin (2020-2025)
6.13.4 Shunfeng Solar Cell (Photovoltaic) Module Product Portfolio
6.13.5 Shunfeng Recent Developments
6.14 LG Business Solutions
6.14.1 LG Business Solutions Comapny Information
6.14.2 LG Business Solutions Business Overview
6.14.3 LG Business Solutions Solar Cell (Photovoltaic) Module Sales, Revenue and Gross Margin (2020-2025)
6.14.4 LG Business Solutions Solar Cell (Photovoltaic) Module Product Portfolio
6.14.5 LG Business Solutions Recent Developments
6.15 Jinergy
6.15.1 Jinergy Comapny Information
6.15.2 Jinergy Business Overview
6.15.3 Jinergy Solar Cell (Photovoltaic) Module Sales, Revenue and Gross Margin (2020-2025)
6.15.4 Jinergy Solar Cell (Photovoltaic) Module Product Portfolio
6.15.5 Jinergy Recent Developments
6.16 GCL System
6.16.1 GCL System Comapny Information
6.16.2 GCL System Business Overview
6.16.3 GCL System Solar Cell (Photovoltaic) Module Sales, Revenue and Gross Margin (2020-2025)
6.16.4 GCL System Solar Cell (Photovoltaic) Module Product Portfolio
6.16.5 GCL System Recent Developments
6.17 Jolywood
6.17.1 Jolywood Comapny Information
6.17.2 Jolywood Business Overview
6.17.3 Jolywood Solar Cell (Photovoltaic) Module Sales, Revenue and Gross Margin (2020-2025)
6.17.4 Jolywood Solar Cell (Photovoltaic) Module Product Portfolio
6.17.5 Jolywood Recent Developments
6.18 Talesun Solar
6.18.1 Talesun Solar Comapny Information
6.18.2 Talesun Solar Business Overview
6.18.3 Talesun Solar Solar Cell (Photovoltaic) Module Sales, Revenue and Gross Margin (2020-2025)
6.18.4 Talesun Solar Solar Cell (Photovoltaic) Module Product Portfolio
6.18.5 Talesun Solar Recent Developments
6.19 HT-SAAE
6.19.1 HT-SAAE Comapny Information
6.19.2 HT-SAAE Business Overview
6.19.3 HT-SAAE Solar Cell (Photovoltaic) Module Sales, Revenue and Gross Margin (2020-2025)
6.19.4 HT-SAAE Solar Cell (Photovoltaic) Module Product Portfolio
6.19.5 HT-SAAE Recent Developments
7 North America by Country

7.1 North America Solar Cell (Photovoltaic) Module Sales by Country
7.1.1 North America Solar Cell (Photovoltaic) Module Sales Growth Rate (CAGR) by Country: 2020 VS 2024 VS 2031
7.1.2 North America Solar Cell (Photovoltaic) Module Sales by Country (2020-2025)
7.1.3 North America Solar Cell (Photovoltaic) Module Sales Forecast by Country (2026-2031)
7.2 North America Solar Cell (Photovoltaic) Module Market Size by Country
7.2.1 North America Solar Cell (Photovoltaic) Module Market Size Growth Rate (CAGR) by Country: 2020 VS 2024 VS 2031
7.2.2 North America Solar Cell (Photovoltaic) Module Market Size by Country (2020-2025)
7.2.3 North America Solar Cell (Photovoltaic) Module Market Size Forecast by Country (2026-2031)
8 Europe by Country

8.1 Europe Solar Cell (Photovoltaic) Module Sales by Country
8.1.1 Europe Solar Cell (Photovoltaic) Module Sales Growth Rate (CAGR) by Country: 2020 VS 2024 VS 2031
8.1.2 Europe Solar Cell (Photovoltaic) Module Sales by Country (2020-2025)
8.1.3 Europe Solar Cell (Photovoltaic) Module Sales Forecast by Country (2026-2031)
8.2 Europe Solar Cell (Photovoltaic) Module Market Size by Country
8.2.1 Europe Solar Cell (Photovoltaic) Module Market Size Growth Rate (CAGR) by Country: 2020 VS 2024 VS 2031
8.2.2 Europe Solar Cell (Photovoltaic) Module Market Size by Country (2020-2025)
8.2.3 Europe Solar Cell (Photovoltaic) Module Market Size Forecast by Country (2026-2031)
9 Asia-Pacific by Country

9.1 Asia-Pacific Solar Cell (Photovoltaic) Module Sales by Country
9.1.1 Asia-Pacific Solar Cell (Photovoltaic) Module Sales Growth Rate (CAGR) by Country: 2020 VS 2024 VS 2031
9.1.2 Asia-Pacific Solar Cell (Photovoltaic) Module Sales by Country (2020-2025)
9.1.3 Asia-Pacific Solar Cell (Photovoltaic) Module Sales Forecast by Country (2026-2031)
9.2 Asia-Pacific Solar Cell (Photovoltaic) Module Market Size by Country
9.2.1 Asia-Pacific Solar Cell (Photovoltaic) Module Market Size Growth Rate (CAGR) by Country: 2020 VS 2024 VS 2031
9.2.2 Asia-Pacific Solar Cell (Photovoltaic) Module Market Size by Country (2020-2025)
9.2.3 Asia-Pacific Solar Cell (Photovoltaic) Module Market Size Forecast by Country (2026-2031)
10 South America by Country

10.1 South America Solar Cell (Photovoltaic) Module Sales by Country
10.1.1 South America Solar Cell (Photovoltaic) Module Sales Growth Rate (CAGR) by Country: 2020 VS 2024 VS 2031
10.1.2 South America Solar Cell (Photovoltaic) Module Sales by Country (2020-2025)
10.1.3 South America Solar Cell (Photovoltaic) Module Sales Forecast by Country (2026-2031)
10.2 South America Solar Cell (Photovoltaic) Module Market Size by Country
10.2.1 South America Solar Cell (Photovoltaic) Module Market Size Growth Rate (CAGR) by Country: 2020 VS 2024 VS 2031
10.2.2 South America Solar Cell (Photovoltaic) Module Market Size by Country (2020-2025)
10.2.3 South America Solar Cell (Photovoltaic) Module Market Size Forecast by Country (2026-2031)
11 Middle East and Africa by Country

11.1 Middle East and Africa Solar Cell (Photovoltaic) Module Sales by Country
11.1.1 Middle East and Africa Solar Cell (Photovoltaic) Module Sales Growth Rate (CAGR) by Country: 2020 VS 2024 VS 2031
11.1.2 Middle East and Africa Solar Cell (Photovoltaic) Module Sales by Country (2020-2025)
11.1.3 Middle East and Africa Solar Cell (Photovoltaic) Module Sales Forecast by Country (2026-2031)
11.2 Middle East and Africa Solar Cell (Photovoltaic) Module Market Size by Country
11.2.1 Middle East and Africa Solar Cell (Photovoltaic) Module Market Size Growth Rate (CAGR) by Country: 2020 VS 2024 VS 2031
11.2.2 Middle East and Africa Solar Cell (Photovoltaic) Module Market Size by Country (2020-2025)
11.2.3 Middle East and Africa Solar Cell (Photovoltaic) Module Market Size Forecast by Country (2026-2031)
12 Value Chain and Sales Channels Analysis

12.1 Solar Cell (Photovoltaic) Module Value Chain Analysis
12.1.1 Solar Cell (Photovoltaic) Module Key Raw Materials
12.1.2 Key Raw Materials Price
12.1.3 Raw Materials Key Suppliers
12.1.4 Manufacturing Cost Structure
12.1.5 Solar Cell (Photovoltaic) Module Production Mode & Process
12.2 Solar Cell (Photovoltaic) Module Sales Channels Analysis
12.2.1 Direct Comparison with Distribution Share
12.2.2 Solar Cell (Photovoltaic) Module Distributors
12.2.3 Solar Cell (Photovoltaic) Module Customers
13 Concluding Insights
14 Appendix

14.1 Reasons for Doing This Study
14.2 Research Methodology
14.3 Research Process
14.4 Authors List of This Report
14.5 Data Source
14.5.1 Secondary Sources
14.5.2 Primary Sources
14.6 Disclaimer

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