Global Crystalline Silicon Solar Cell (C Si) Market, By Type (Mono-Crystalline, Multi-Crystalline), End User (Residential, Commercial, Utility-Scale) - Industry Trends and Forecast to 2029.
Crystalline Silicon Solar Cell (C Si) Market Analysis and Size
The crystalline silicon solar cell market is driven by the high demand of renewable energy and upsurge in the electricity demand. Strict government regulations on carbon emission and limited availability of fossil fuels create the strong need for cost-effective and efficient sources such as solar energy. Crystalline silicon solar cells are highly efficient compared to other alternative technologies, such as non-silicon solar cells and amorphous silicon.
Data Bridge Market Research analyses that the crystalline silicon solar cell (C Si) market was valued at USD 25,294.30 million in 2021 and is expected to reach USD 41,548.53 million by 2029, registering a CAGR of 6.40% during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Crystalline Silicon Solar Cell (C Si) Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Mono-Crystalline, Multi-Crystalline), End User (Residential, Commercial, Utility-Scale)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Greatcell Solar (Australia), Exeger Operations AB (Sweden), Fujikura Europe Ltd. (U.K.), G24 Power Ltd. (U.K.), Konica Minolta Sensing Europe B.V. (Netherlands), Merck KGaA (Germany), Oxford PV (U.K.), Peccell Technologies, Inc. (Japan), Sharp Corporation (Japan), Solaronix SA (Switzerland), Sony Corporation (Japan), Ricoh (Japan), First Solar. (US), SunPower Corporation (U.S.), Suniva Inc (U.S.), Tata Power Solar Systems Ltd. (India), SHARP CORPORATION (Japan), ALPS Technology Inc. (U.S.), Solaris Technology Industry, Inc. (India), GREEN BRILLIANCE RENEWABLE ENERGY LLP (India), Trina Solar (China), Canadian Solar. (Canada)
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Market Opportunities
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Market Definition
Crystalline silicon solar cell is made up of highly pure silicon wafers which are used to convert solar energy into electrical energy. Crystalline silicon (c-Si) is the crystalline form of silicon. Crystalline silicon is the dominant semiconducting material widely used in photovoltaic technology to manufacture solar cells. These solar cells are assembled into solar panels as part of a photovoltaic system to produce solar power from sunlight.
Crystalline Silicon Solar Cell (C Si) Market Dynamics
Drivers
- Increase in Awareness regarding Adverse impact on Environmental
The increase in awareness among the market players and buyers regarding the adverse effect of other solar cell on environmental increase the demand of crystalline silicon solar cell (C Si) because it is renewable source-based power. Also, the rise in the dependence on unconventional energy sources has a positive impact on the market, which are expected to drive the market's growth.
- Increase in the installation of Solar System
The rise in the number of solar system installation further influence the growth of the crystalline silicon solar cell (C Si) market. The rise in demand for crystalline silicon solar cell (C Si) due to rising need to decline the prices of solar cell modules are expected to drive the market growth.
Moreover, change in lifestyle, surge in investments, rapid urbanization and augmented consumer spending positively impact the crystalline silicon solar cell (C Si) market.
Opportunities
- Technological advancement
Recent technical advancements have reduced the production cost of the crystalline silicon solar cell (C Si), which extends the profitable opportunities to the major market players in the forthcoming period. Furthermore, improvement in infrastructure development activities will further expand the growth of the crystalline silicon solar cell (C Si) market.
Moreover, increasing the number of strategic collaborations and emerging new markets will act as market drivers and increase the beneficial opportunities for the market's growth rate.
Restraints/ Challenges
- Environmental concern
However, Due to the negative impact of silicon on the environment, the government has imposed some stringent regulations which are expected obstruct the demand of the crystalline silicon solar cell (C Si) in the market.
- Lower productivity
The lower productivity of the crystalline silicon solar cell (C Si) compared to other alternatives might be hinder the growth of the crystalline silicon solar cell (C Si) market globally during the forecast period of 2022-2029.
This crystalline silicon solar cell (C Si) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the crystalline silicon solar cell (C Si) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Crystalline Silicon Solar Cell (C Si) Market
The COVID-19 had a negative impact on the crystalline silicon solar cell (C Si) market due to the strict social distancing and lockdowns to contain the widespread of the corona virus. The partial shutdown of the business, economic uncertainty and low consumer confidence has impacted the demand of the crystalline silicon solar cell (C Si) technology. The supply chain got hindered during this pandemic along with the delay logistics activities. However, the crystalline silicon solar cell (C Si) market is anticipated to recover its pace during the post pandemic scenario.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Crystalline Silicon Solar Cell (C Si) Market Scope
The crystalline silicon solar cell (C Si) market is segmented on the basis of type and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Mono-Crystalline
- Multi-Crystalline
End User
- Residential
- Commercial
- Industrial and Utility
Crystalline Silicon Solar Cell Market Regional Analysis/Insights
The crystalline silicon solar cell (C Si) market is analysed and market size insights and trends are provided by country, type and end user as referenced above.
The countries covered in the crystalline silicon solar cell (C Si) market report U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
Asia Pacific dominates the crystalline silicon solar cell (C Si) market in terms of market share. This is due to the promotion of solar energy along with the government favourable policies to encourage the solar installation in many sectors of the this region
North America is projected to be the fastest developing region due to the adoption of advanced technology in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Crystalline Silicon Solar Cell (C Si) Market Share Analysis
The crystalline silicon solar cell (C Si) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to crystalline silicon solar cell (C Si) market.
Some of the major players operating in the crystalline silicon solar cell (C Si) market are:
- Greatcell Solar (Australia)
- Exeger Operations AB (Sweden)
- Fujikura Europe Ltd. (U.K.)
- G24 Power Ltd. (U.K.)
- Konica Minolta Sensing Europe B.V. (Netherlands)
- Merck KGaA (Germany)
- Oxford PV (U.K.)
- Peccell Technologies, Inc. (Japan)
- Sharp Corporation (Japan)
- Solaronix SA (Switzerland)
- Sony Corporation (Japan)
- Ricoh (Japan)
- First Solar. (US)
- SunPower Corporation (U.S.)
- Suniva Inc (U.S.)
- Tata Power Solar Systems Ltd. (India)
- SHARP CORPORATION (Japan)
- ALPS Technology Inc. (U.S.)
- Solaris Technology Industry, Inc. (India)
- GREEN BRILLIANCE RENEWABLE ENERGY LLP (India)
- Trina Solar (China)
- Canadian Solar. (Canada)
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