Global Crystalline Silicon Solar PV Modules Market 2023-2027

Global Crystalline Silicon Solar PV Modules Market 2023-2027

Technavio has been monitoring the crystalline silicon solar PV modules market and is forecast to grow by USD 56.06 bn during 2022-2027, accelerating at a CAGR of 18.17% during the forecast period. Our report on the crystalline silicon solar 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.

Technavio's crystalline silicon solar 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 PV modules market growth during the next few years. Also, developments in solar efficiency and the development of zero-energy buildings will lead to sizable demand in the market.

Technavio 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. Our report on the crystalline silicon solar PV modules market covers the following areas:

• Crystalline silicon solar PV modules market sizing
• Crystalline silicon solar PV modules market forecast
• Crystalline silicon solar PV modules market industry analysis

Technavio's 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 PV modules market vendors that include Canadian Solar Inc., Emeren, 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 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.

Technavio 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. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.