Growing use of renewable energy sources because of their advantages for the environment and rising electricity demand are predicted to drive market expansion. Demand is anticipated to increase because of technological developments aimed at lowering manufacturing costs and enhancing performance effectiveness. Additionally, it is anticipated that over the forecast period, demand for clean, dependable, and environmentally friendly energy sources would increase in response to efforts to wean the world off fossil fuels.
MARKET DYNAMICS
Over the course of the projection period, the industry is anticipated to benefit from several policies and incentives provided by various governments to boost the usage of solar systems. The usage of renewable energy sources is anticipated to increase due to strict government restrictions limiting environmental damage, which is anticipated to have a favorable effect over the anticipated years. Several programs were announced by the respective governments to promote industrial expansion, including tax breaks, subsidies, net metering, financial aid, low import duties, and feed-in tariffs.
MARKET SCOPE
The "Global Solar Cell Market Analysis To 2028" is a specialized and in-depth study of the technology, media, and telecommunications industry with a special focus on global market trend analysis. The solar cell market report aims to provide an overview of the solar cell market with detailed market segmentation by product, application, and geography. The global solar cell market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading solar cell market player and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global solar cell market is segmented based on product, application. Based on product, the solar cell market is segmented into silicon wafer, thin film. Based on application, the solar cell market is segmented into residential, commercial, and industrial.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global solar cell market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2028 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The solar cell market by each region is later sub-segmented by respective countries and segments. The solar cell market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the solar cell market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the solar cell market in these regions.
IMPACT OF COVID-19 ON SOLAR CELL MARKET
The sudden outbreak of the COIVD-19 pandemic negatively impacted the growth of the global solar cell market. The supply chain disruptions influenced the decline in demand for solar cells. Additionally, the stringent lockdown imposed by various government bodies across impacted the manufacturers of solar cell thereby impacting the growth of the global solar cell market.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global solar cell market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2028 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The solar cell market by each region is later sub-segmented by respective countries and segments. The solar cell market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the solar cell market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the solar cell market in these regions.
IMPACT OF COVID-19 ON SOLAR CELL MARKET
The sudden outbreak of the COIVD-19 pandemic negatively impacted the growth of the global solar cell market. The supply chain disruptions influenced the decline in demand for solar cells. Additionally, the stringent lockdown imposed by various government bodies across impacted the manufacturers of solar cell thereby impacting the growth of the global solar cell market.
MARKET PLAYERS
The reports cover key developments in the solar cell market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from solar cell market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the solar cell market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the solar cell market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- First Solar, Inc.
- Yingli Solar
- SunPower Corporation
- SunEdison, Inc.
- Indosolar Limited
- Tata Power Systems Limited
- Sharp Corporation
- Borg Inc.
- SolarWorld AG
- Canadian Solar Inc.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Solar Cell Market - By Product
1.3.2 Solar Cell Market - By Application
1.3.3 Solar Cell Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SOLAR CELL MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. SOLAR CELL MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. SOLAR CELL MARKET - GLOBAL MARKET ANALYSIS
6.1. SOLAR CELL - GLOBAL MARKET OVERVIEW
6.2. SOLAR CELL - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SOLAR CELL MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. SILICON WAFER
7.3.1. Overview
7.3.2. Silicon Wafer Market Forecast and Analysis
7.4. THIN FILM
7.4.1. Overview
7.4.2. Thin Film Market Forecast and Analysis
8. SOLAR CELL MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. RESIDENTIAL
8.3.1. Overview
8.3.2. Residential Market Forecast and Analysis
8.4. COMMERCIAL
8.4.1. Overview
8.4.2. Commercial Market Forecast and Analysis
8.5. INDUSTRIAL
8.5.1. Overview
8.5.2. Industrial Market Forecast and Analysis
9. SOLAR CELL MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. EUROPE
9.1.1 Europe Solar Cell Market Overview
9.1.2 Europe Solar Cell Market Forecasts and Analysis
9.1.3 Europe Solar Cell Market Forecasts and Analysis - By Product
9.1.4 Europe Solar Cell Market Forecasts and Analysis - By Application
9.1.5 Europe Solar Cell Market Forecasts and Analysis - By Countries
9.1.5.1 Germany Solar Cell Market
9.1.5.1.1 Germany Solar Cell Market by Product
9.1.5.1.2 Germany Solar Cell Market by Application
9.1.5.2 France Solar Cell Market
9.1.5.2.1 France Solar Cell Market by Product
9.1.5.2.2 France Solar Cell Market by Application
9.1.5.3 Italy Solar Cell Market
9.1.5.3.1 Italy Solar Cell Market by Product
9.1.5.3.2 Italy Solar Cell Market by Application
9.1.5.4 United Kingdom Solar Cell Market
9.1.5.4.1 United Kingdom Solar Cell Market by Product
9.1.5.4.2 United Kingdom Solar Cell Market by Application
9.1.5.5 Russia Solar Cell Market
9.1.5.5.1 Russia Solar Cell Market by Product
9.1.5.5.2 Russia Solar Cell Market by Application
9.1.5.6 Rest of Europe Solar Cell Market
9.1.5.6.1 Rest of Europe Solar Cell Market by Product
9.1.5.6.2 Rest of Europe Solar Cell Market by Application
9.2. ASIA-PACIFIC
9.2.1 Asia-Pacific Solar Cell Market Overview
9.2.2 Asia-Pacific Solar Cell Market Forecasts and Analysis
9.2.3 Asia-Pacific Solar Cell Market Forecasts and Analysis - By Product
9.2.4 Asia-Pacific Solar Cell Market Forecasts and Analysis - By Application
9.2.5 Asia-Pacific Solar Cell Market Forecasts and Analysis - By Countries
9.2.5.1 Australia Solar Cell Market
9.2.5.1.1 Australia Solar Cell Market by Product
9.2.5.1.2 Australia Solar Cell Market by Application
9.2.5.2 China Solar Cell Market
9.2.5.2.1 China Solar Cell Market by Product
9.2.5.2.2 China Solar Cell Market by Application
9.2.5.3 India Solar Cell Market
9.2.5.3.1 India Solar Cell Market by Product
9.2.5.3.2 India Solar Cell Market by Application
9.2.5.4 Japan Solar Cell Market
9.2.5.4.1 Japan Solar Cell Market by Product
9.2.5.4.2 Japan Solar Cell Market by Application
9.2.5.5 South Korea Solar Cell Market
9.2.5.5.1 South Korea Solar Cell Market by Product
9.2.5.5.2 South Korea Solar Cell Market by Application
9.2.5.6 Rest of Asia-Pacific Solar Cell Market
9.2.5.6.1 Rest of Asia-Pacific Solar Cell Market by Product
9.2.5.6.2 Rest of Asia-Pacific Solar Cell Market by Application
9.3. MIDDLE EAST AND AFRICA
9.3.1 Middle East and Africa Solar Cell Market Overview
9.3.2 Middle East and Africa Solar Cell Market Forecasts and Analysis
9.3.3 Middle East and Africa Solar Cell Market Forecasts and Analysis - By Product
9.3.4 Middle East and Africa Solar Cell Market Forecasts and Analysis - By Application
9.3.5 Middle East and Africa Solar Cell Market Forecasts and Analysis - By Countries
9.3.5.1 South Africa Solar Cell Market
9.3.5.1.1 South Africa Solar Cell Market by Product
9.3.5.1.2 South Africa Solar Cell Market by Application
9.3.5.2 Saudi Arabia Solar Cell Market
9.3.5.2.1 Saudi Arabia Solar Cell Market by Product
9.3.5.2.2 Saudi Arabia Solar Cell Market by Application
9.3.5.3 U.A.E Solar Cell Market
9.3.5.3.1 U.A.E Solar Cell Market by Product
9.3.5.3.2 U.A.E Solar Cell Market by Application
9.3.5.4 Rest of Middle East and Africa Solar Cell Market
9.3.5.4.1 Rest of Middle East and Africa Solar Cell Market by Product
9.3.5.4.2 Rest of Middle East and Africa Solar Cell Market by Application
9.4. SOUTH AND CENTRAL AMERICA
9.4.1 South and Central America Solar Cell Market Overview
9.4.2 South and Central America Solar Cell Market Forecasts and Analysis
9.4.3 South and Central America Solar Cell Market Forecasts and Analysis - By Product
9.4.4 South and Central America Solar Cell Market Forecasts and Analysis - By Application
9.4.5 South and Central America Solar Cell Market Forecasts and Analysis - By Countries
9.4.5.1 Brazil Solar Cell Market
9.4.5.1.1 Brazil Solar Cell Market by Product
9.4.5.1.2 Brazil Solar Cell Market by Application
9.4.5.2 Argentina Solar Cell Market
9.4.5.2.1 Argentina Solar Cell Market by Product
9.4.5.2.2 Argentina Solar Cell Market by Application
9.4.5.3 Rest of South and Central America Solar Cell Market
9.4.5.3.1 Rest of South and Central America Solar Cell Market by Product
9.4.5.3.2 Rest of South and Central America Solar Cell Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. SOLAR CELL MARKET, KEY COMPANY PROFILES
11.1. FIRST SOLAR, INC.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. YINGLI SOLAR
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. SUNPOWER CORPORATION
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. SUNEDISON, INC.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. INDOSOLAR LIMITED
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. TATA POWER SYSTEMS LIMITED
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. SHARP CORPORATION
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. BORG INC.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SOLARWORLD AG
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. CANADIAN SOLAR INC.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.First Solar, Inc.
2.Yingli Solar
3.SunPower Corporation
4.SunEdison, Inc.
5.Indosolar Limited
6.Tata Power Systems Limited
7.Sharp Corporation
8.Borg Inc.
9.SolarWorld AG
10.Canadian Solar Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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