Solar Modules Market
Solar Modules Market Global Industry Assessment & Forecast
Segments Covered
- By Product Mono-crystalline Solar Panel, Poly-crystalline Solar Panel, Thin-film Solar Panel
- By Application Residential, Commercial, Utility
Snapshot
Forecast Years: | 2021 - 2028 |
Historical Years: | 2016 - 2020 |
Revenue 2021: | 112.31 Billion |
Revenue 2028: | 190.25 Billion |
Revenue CAGR (2021 - 2028): | 6.81 |
Fastest Growing Region (2022 - 2028) | North America |
Customization Offered
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request Customization Speak To Analyst
Product Analysis: Preview On the basis of Product,
the market is segmented into Mono-crystalline Solar Panel, Poly-crystalline Solar Panel, Thin-film Solar Panel,. Mono-crystalline Solar Panel held the highest
share in the global Solar Modules market and
is projected to witness the same trend during the forecast period. Application Analysis:
Preview Based on Application,
the market is segmented into Residential, Commercial, Utility,. Commercial accounted
for the highest market share and is expected to grow at a significant CAGR from
2021 to 2028. Analysis:
Preview
Based
on , the market is segmented into .
dominates the global Solar Modules
market and is expected to continue the same trend from 2021 to 2028.
Global Solar Modules Market: Product Segment Analysis
-
- Mono-crystalline Solar Panel
- Poly-crystalline Solar Panel
- Thin-film Solar Panel
Global Solar Modules Market: Application Segment Analysis
-
- Residential
- Commercial
- Utility
FAQ
Frequently Asked Question
What is the global demand for Solar Modules in terms of revenue?
-
The global Solar Modules valued at 112.31 Billion in 2020 and is expected to reach 190.25 Billion in 2028 growing at a CAGR of 6.81%.
Which are the prominent players in the market?
-
The prominent players in the market are Jinko Solar Holding Co. Ltd., Yingli Solar, Trina Solar Limited, JA Solar Holdings Co. Ltd., Hanwha Q CELLS Co. Ltd., Canadian Solar Inc., Abengoa Solar, SunPower Corporation, ABROS green GmbH, eSolar Inc..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 6.81% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Solar Modules include
- The increase in demand for solar photovoltaic (PV) from residential sector is anticipated to augment the growth of the market over the forecast period.
- Furthermore, the increase in government initiatives and programs are also expected to supprt the growth of the market during the forecast period.
Which region accounted for the largest share in the market?
-
North America was the leading regional segment of the Solar Modules in 2020.