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.


  • Executive Summary
    • Market overview
      • Table Executive Summary – Chart on Market Overview
      • Table Executive Summary – Data Table on Market Overview
      • Table Executive Summary – Chart on Global Market Characteristics
      • Table Executive Summary – Chart on Market by Geography
      • Table Executive Summary – Chart on Market Segmentation by Product
      • Table Executive Summary – Chart on Market Segmentation by End-user
      • Table Executive Summary – Chart on Incremental Growth
      • Table Executive Summary – Data Table on Incremental Growth
      • Table Executive Summary – Chart on Vendor Market Positioning
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market Characteristics
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2022
    • Market outlook: Forecast for 2022-2027
      • Table Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Table Data Table on Global Market: Year-over-year growth 2022-2027 (%)
  • Historic Market Size
    • Global crystalline silicon solar PV modules market 2017 - 2021
      • Table Historic Market Size – Data table on global crystalline silicon solar PV modules market 2017 - 2021 ($ billion)
    • Product Segment Analysis 2017 - 2021
      • Table Historic Market Size – Product Segment 2017 - 2021 ($ billion)
    • End-user Segment Analysis 2017 - 2021
      • Table Historic Market Size – End-user Segment 2017 - 2021 ($ billion)
    • Geography Segment Analysis 2017 - 2021
      • Table Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
    • Country Segment Analysis 2017 - 2021
      • Table Historic Market Size – Country Segment 2017 - 2021 ($ billion)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis - Comparison between 2022 and 2027
    • Bargaining power of buyers
      • Table Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • Threat of new entrants
      • Table Threat of new entrants – Impact of key factors in 2022 and 2027
    • Threat of substitutes
      • Table Threat of substitutes – Impact of key factors in 2022 and 2027
    • Threat of rivalry
      • Table Threat of rivalry – Impact of key factors in 2022 and 2027
    • Market condition
      • Table Chart on Market condition - Five forces 2022 and 2027
  • Market Segmentation by Product
    • Market segments
      • Table Chart on Product - Market share 2022-2027 (%)
      • Table Data Table on Product - Market share 2022-2027 (%)
    • Comparison by Product
      • Table Chart on Comparison by Product
      • Table Data Table on Comparison by Product
    • Monocrystalline - Market size and forecast 2022-2027
      • Table Chart on Monocrystalline - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Monocrystalline - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Monocrystalline - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Monocrystalline - Year-over-year growth 2022-2027 (%)
    • Polycrystalline - Market size and forecast 2022-2027
      • Table Chart on Polycrystalline - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Polycrystalline - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Polycrystalline - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Polycrystalline - Year-over-year growth 2022-2027 (%)
    • Market opportunity by Product
      • Table Market opportunity by Product ($ billion)
      • Table Data Table on Market opportunity by Product ($ billion)
  • Market Segmentation by End-user
    • Market segments
      • Table Chart on End-user - Market share 2022-2027 (%)
      • Table Data Table on End-user - Market share 2022-2027 (%)
    • Comparison by End-user
      • Table Chart on Comparison by End-user
      • Table Data Table on Comparison by End-user
    • Commercial - Market size and forecast 2022-2027
      • Table Chart on Commercial - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Commercial - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Commercial - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Commercial - Year-over-year growth 2022-2027 (%)
    • Residential - Market size and forecast 2022-2027
      • Table Chart on Residential - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Residential - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Residential - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Residential - Year-over-year growth 2022-2027 (%)
    • Utility sector - Market size and forecast 2022-2027
      • Table Chart on Utility sector - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Utility sector - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Utility sector - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Utility sector - Year-over-year growth 2022-2027 (%)
    • Market opportunity by End-user
      • Table Market opportunity by End-user ($ billion)
      • Table Data Table on Market opportunity by End-user ($ billion)
  • Customer Landscape
    • Customer landscape overview
      • Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
  • Geographic Landscape
    • Geographic segmentation
      • Table Chart on Market share by geography 2022-2027 (%)
      • Table Data Table on Market share by geography 2022-2027 (%)
    • Geographic comparison
      • Table Chart on Geographic comparison
      • Table Data Table on Geographic comparison
    • APAC - Market size and forecast 2022-2027
      • Table Chart on APAC - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Table Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • North America - Market size and forecast 2022-2027
      • Table Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on North America - Year-over-year growth 2022-2027 (%)
      • Table Data Table on North America - Year-over-year growth 2022-2027 (%)
    • Europe - Market size and forecast 2022-2027
      • Table Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • South America - Market size and forecast 2022-2027
      • Table Chart on South America - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on South America - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on South America - Year-over-year growth 2022-2027 (%)
      • Table Data Table on South America - Year-over-year growth 2022-2027 (%)
    • Middle East and Africa - Market size and forecast 2022- 2027
      • Table Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • China - Market size and forecast 2022-2027
      • Table Chart on China - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on China - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on China - Year-over-year growth 2022-2027 (%)
      • Table Data Table on China - Year-over-year growth 2022-2027 (%)
    • US - Market size and forecast 2022-2027
      • Table Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on US - Year-over-year growth 2022-2027 (%)
      • Table Data Table on US - Year-over-year growth 2022-2027 (%)
    • India - Market size and forecast 2022-2027
      • Table Chart on India - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on India - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on India - Year-over-year growth 2022-2027 (%)
      • Table Data Table on India - Year-over-year growth 2022-2027 (%)
    • Japan - Market size and forecast 2022-2027
      • Table Chart on Japan - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • Turkey - Market size and forecast 2022-2027
      • Table Chart on Turkey - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Turkey - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Turkey - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Turkey - Year-over-year growth 2022-2027 (%)
    • Market opportunity by geography
      • Table Market opportunity by geography ($ billion)
      • Table Data Tables on Market opportunity by geography ($ billion)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Favorable government regulations regarding use of fossil fuels
      • Increasing investments in renewable energy
      • Rise in solar PV installations
    • Market challenges
      • Rise in alternative sources of energy
      • Intermittency in solar power generation
      • Low conversion efficiency of solar PVs
    • Impact of drivers and challenges
      • Table Impact of drivers and challenges in 2022 and 2027
    • Market trends
      • Increased adoption of microgrids
      • Developments in solar efficiency
      • Development of zero-energy buildings
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Overview on Criticality of inputs and Factors of differentiation
    • Landscape disruption
      • Table Overview on factors of disruption
    • Industry risks
      • Table Impact of key risks on business
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Matrix on vendor position and classification
    • Canadian Solar Inc.
      • Table Canadian Solar Inc. - Overview
      • Table Canadian Solar Inc. - Business segments
      • Table Canadian Solar Inc. - Key news
      • Table Canadian Solar Inc. - Key offerings
      • Table Canadian Solar Inc. - Segment focus
    • Emeren
      • Table Emeren - Overview
      • Table Emeren - Product / Service
      • Table Emeren - Key offerings
    • First Solar Inc.
      • Table First Solar Inc. - Overview
      • Table First Solar Inc. - Business segments
      • Table First Solar Inc. - Key offerings
      • Table First Solar Inc. - Segment focus
    • Hanwha Corp.
      • Table Hanwha Corp. - Overview
      • Table Hanwha Corp. - Product / Service
      • Table Hanwha Corp. - Key news
      • Table Hanwha Corp. - Key offerings
    • JA Solar Technology Co. Ltd.
      • Table JA Solar Technology Co. Ltd. - Overview
      • Table JA Solar Technology Co. Ltd. - Product / Service
      • Table JA Solar Technology Co. Ltd. - Key offerings
    • Jiangsu Shunfeng Photovoltaic Technology Co. Ltd.
      • Table Jiangsu Shunfeng Photovoltaic Technology Co. Ltd. - Overview
      • Table Jiangsu Shunfeng Photovoltaic Technology Co. Ltd. - Product / Service
      • Table Jiangsu Shunfeng Photovoltaic Technology Co. Ltd. - Key offerings
    • JinkoSolar Holding Co. Ltd.
      • Table JinkoSolar Holding Co. Ltd. - Overview
      • Table JinkoSolar Holding Co. Ltd. - Product / Service
      • Table JinkoSolar Holding Co. Ltd. - Key news
      • Table JinkoSolar Holding Co. Ltd. - Key offerings
    • Longi green energy technology Co. Ltd
      • Table Longi green energy technology Co. Ltd - Overview
      • Table Longi green energy technology Co. Ltd - Product / Service
      • Table Longi green energy technology Co. Ltd - Key offerings
    • Risen Energy Co. Ltd.
      • Table Risen Energy Co. Ltd. - Overview
      • Table Risen Energy Co. Ltd. - Product / Service
      • Table Risen Energy Co. Ltd. - Key offerings
    • Sharp Corp.
      • Table Sharp Corp. - Overview
      • Table Sharp Corp. - Business segments
      • Table Sharp Corp. - Key news
      • Table Sharp Corp. - Key offerings
      • Table Sharp Corp. - Segment focus
    • SolarEdge Technologies Inc.
      • Table SolarEdge Technologies Inc. - Overview
      • Table SolarEdge Technologies Inc. - Product / Service
      • Table SolarEdge Technologies Inc. - Key offerings
    • SunPower Corp.
      • Table SunPower Corp. - Overview
      • Table SunPower Corp. - Product / Service
      • Table SunPower Corp. - Key news
      • Table SunPower Corp. - Key offerings
    • Sunrun Inc.
      • Table Sunrun Inc. - Overview
      • Table Sunrun Inc. - Product / Service
      • Table Sunrun Inc. - Key offerings
    • Trina Solar Co. Ltd.
      • Table Trina Solar Co. Ltd. - Overview
      • Table Trina Solar Co. Ltd. - Business segments
      • Table Trina Solar Co. Ltd. - Key offerings
      • Table Trina Solar Co. Ltd. - Segment focus
    • Zhejiang CHINT Electrics Co. Ltd.
      • Table Zhejiang CHINT Electrics Co. Ltd. - Overview
      • Table Zhejiang CHINT Electrics Co. Ltd. - Product / Service
      • Table Zhejiang CHINT Electrics Co. Ltd. - Key offerings
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Inclusions and exclusions checklist
      • Table Inclusions checklist
      • Table Exclusions checklist
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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