Global Solar Cell (Photovoltaic) Equipment Market Growth 2023-2029

Global Solar Cell (Photovoltaic) Equipment Market Growth 2023-2029

Solar Cell is a device made from crystalline silicon or thin film that converts sunlight into electricity by a process known as the photovoltaic effect. There are two key indicators for solar cells: one is cell conversion efficiency, and the other is cell thickness.

Solar Cell (Photovoltaic) Equipment mainly refers to the solar module in photovoltaic industry. Solar module employs light energy (photons) from the sun to generate electricity through the photovoltaic effect. Most of modules use wafer-based crystalline silicon cells or thin-film cells based on cadmium telluride (CdTe) or copper indium gallium selenide (CIGS). The structural (load carrying) member of a module can either be the top layer or the back layer. Cells must also be protected from mechanical damage and moisture. Most solar modules are rigid, but semi-flexible ones are available, based on thin-film cells.

In this report, the statistical product is considered from the solar module, the statistical data is considered from the shipment volume. This report mainly covers the Solar Modules product type (Single Crystal Silicon, Polycrystalline Silicon and Other).

LPI (LP Information)' newest research report, the “Solar Cell (Photovoltaic) Equipment Industry Forecast” looks at past sales and reviews total world Solar Cell (Photovoltaic) Equipment sales in 2022, providing a comprehensive analysis by region and market sector of projected Solar Cell (Photovoltaic) Equipment sales for 2023 through 2029. With Solar Cell (Photovoltaic) Equipment sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Solar Cell (Photovoltaic) Equipment industry.

This Insight Report provides a comprehensive analysis of the global Solar Cell (Photovoltaic) Equipment landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Solar Cell (Photovoltaic) Equipment portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Solar Cell (Photovoltaic) Equipment market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Solar Cell (Photovoltaic) Equipment and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Solar Cell (Photovoltaic) Equipment.

The global Solar Cell (Photovoltaic) Equipment market size is projected to grow from US$ 42500 million in 2022 to US$ 53790 million in 2029; it is expected to grow at a CAGR of 53790 from 2023 to 2029.

China is the largest Solar Cell (Photovoltaic) Equipment market with about 26% market share. Japan is follower, accounting for about 17% market share.

The key players are Hanwha, First Solar, SunPower, Elkem Solar, Sharp, Kyocera Solar, Solar Frontier, Solarworld, NSP, Trina Solar, Canadian Solar, Jinko Solar, JA Solar, GCL System Integration, Yingli, Shunfeng, ReneSola, Risen, Chint Group, Hareonsolar, Eging PV, CSUN, BYD, HT-SAAE etc. Top 3 companies occupied about 24% market share.

This report presents a comprehensive overview, market shares, and growth opportunities of Solar Cell (Photovoltaic) Equipment market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Single Crystal Silicon

Polycrystalline Silicon

Others

Segmentation by application

Residential

Commercial

Ground Station

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Hanwha

First Solar

SunPower

Elkem Solar

Sharp

Kyocera Solar

Solar Frontier

Solarworld

NSP

Trina Solar

Canadian Solar

Jinko Solar

JA Solar

GCL System Integration

Yingli

Shunfeng

ReneSola

Risen

Chint Group

Hareonsolar

Eging PV

CSUN

BYD

HT-SAAE

Key Questions Addressed in this Report

What is the 10-year outlook for the global Solar Cell (Photovoltaic) Equipment market?

What factors are driving Solar Cell (Photovoltaic) Equipment market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Solar Cell (Photovoltaic) Equipment market opportunities vary by end market size?

How does Solar Cell (Photovoltaic) Equipment break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.