Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Crystalline Silicon PV Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 11.3% during the review period (2022 to 2027).
Crystalline silicon PV is made of highly pure silicon wafers that are further used to convert solar energy into electrical energy. Crystalline silicon (c-Si) is one of the most widely used semiconductor materials in photovoltaic (PV) technology to manufacture solar cells. c-Si occupies more than 90% of the total PV market revenue owing to its several benefits such as improved efficiency.
The world crystalline silicon PV market is driven by heightened demand for renewable energy and an 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 creates a strong need for efficient and cost-effective renewable energy sources such as solar energy. Crystalline silicon solar cells are highly efficient as compared to their rival technologies, for instance, amorphous silicon and non-silicon solar cells.
The Crystalline Silicon PV Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, the prices they charge. These are the main players in this market includes: LONGi, JinkoSolar, Trina Solar, JA Solar, Canadian Solar, Risen Energy, Hanwha Solutions (Q-Cells), Suntech, GCL System, Talesun Solar, EGing PV, Seraphim, Chint Electrics (Astronergy), Jolywood, SunPower (Maxeon), Solargiga, Jinergy, LG Business Solutions, HT-SAAE and Others.
LONGi to Collaborate in SolarButterfly World Tour in Search for Climate Change Solutions
A solar-powered mobile home in the shape of an enormous butterfly is set to embark on a tour around the world to seek projects and pioneers with the purpose of mitigating global warming. The SolarButterfly, named Larson, plans to identify, record and publicize 1,000 climate change solutions and works of pioneers to serve as an inspiration for tens of millions of people to follow suit. It has just been announced that LONGi, the world’s most valuable solar technology company, will be a key partner for this project.
By Type, it is segmented into
By Applications, it is segmented into
The type segment is dominated by multi-crystalline silicon PV owing to its low cost and higher space efficiency as compared to mono-crystalline PV. Among various end-users, utility-scale dominates the global market owing to the higher solar cell installation capacity and large amount electricity generation. Furthermore, crystalline silicon PV market is analyzed on the basis of geographical regions, encompassing North America, Europe, Asia-Pacific, and LAMEA.
The Crystalline Silicon PV Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Crystalline Silicon PV Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Report Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 11.3% over the forecast period (2022-2027) |
By Type |
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By Application |
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By Companies | LONGi, JinkoSolar, Trina Solar, JA Solar, Canadian Solar, Risen Energy, Hanwha Solutions (Q-Cells), Suntech, GCL System, Talesun Solar, EGing PV, Seraphim, Chint Electrics (Astronergy), Jolywood, SunPower (Maxeon), Solargiga, Jinergy, LG Business Solutions, HT-SAAE |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 166 |
Customization Available | Yes, the report can be customized as per your needs |
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Who are the key players in Crystalline Silicon PV Market?
LONGi, JinkoSolar, Trina Solar, JA Solar, Canadian Solar, Risen Energy, Hanwha Solutions (Q-Cells), Suntech, GCL System, Talesun Solar, EGing PV, Seraphim, Chint Electrics (Astronergy), Jolywood, SunPower (Maxeon), Solargiga, Jinergy, LG Business Solutions, HT-SAAE
What regions does this Crystalline Silicon PV Market report cover?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Crystalline Silicon PV Market?
Mono-Si Modules, Multi-Si Modules, Other
What are the major end-use applications of the Crystalline Silicon PV Market?
PV Power Station, Commercial, Residential, Other
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SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
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REPORT WRITING/ PRESENTATION
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