Crystalline silicon PV is made of highly pure silicon wafers that are further used to convert the solar energy into electrical energy. The world crystalline silicon PV market is driven by heightened demand of renewable energy and increase in electricity demand, which is further supported by the rise in population globally. Limited availability of fossil fuels and strict government regulations on carbon emission create the strong need for efficient and cost-effective renewable energy sources such as solar energy.
MARKET SCOPE
The "Global Crystalline Silicon Solar PV Modules Market Analysis to 2028" is a specialized and in-depth study of the electronics and semiconductors industry with a special focus on the global market trend analysis. The report aims to provide an overview of the crystalline silicon solar PV modules market with detailed market segmentation by product type, applications, and geography. The report provides key statistics on the market status of the leading crystalline silicon solar PV modules market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on product type, the global crystalline silicon solar PV modules market is segmented into monocrystalline, polycrystalline
- On the basis of application, the market is segmented into Residential, Commercial, Utility
MARKET DYNAMICS
Drivers:
- The market is driven by the favourable government regulations, increasing investments in renewable energy and rise in solar PV installations.
- In addition, favourable government regulations is anticipated to boost the growth of the market as well.
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 market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The crystalline silicon solar PV modules market by each region is later sub-segmented by respective countries and segments. The 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 market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the crystalline silicon solar PV modules market in these regions.
IMPACT OF COVID-19 ON CRYSTALLINE SILICON SOLAR PV MODULES MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the crystalline silicon solar PV modules 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 marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from crystalline silicon solar PV modules market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the crystalline silicon solar PV modules 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.
- Canadian Solar Inc.
- Ja Solar Holdings Co. Ltd.
- Jiangsu Shunfeng Photovoltaic Technology Co. Ltd.
- JinkoSolar Holding Co. Ltd.
- LONGi Green Energy Technology Co. Ltd.
- Risen Energy Co. Ltd.
- Suzhou Talesun Solar Technology Co. Ltd.
- Trina Solar Co. Ltd.
- Yingli Green Energy Holding Co. Ltd.
- Zhejiang CHINT Electrics Co. Ltd.