Amid the COVID-19 crisis, the global market for Solar Cells and Modules estimated at US$41.4 Billion in the year 2020, is projected to reach a revised size of US$43.3 Billion by 2027, growing at a CAGR of 0.6% over the period 2020-2027.
The U.S. Market is Estimated at $11.3 Billion, While China is Forecast to Grow at 1.6% CAGR
The Solar Cells and Modules market in the U.S. is estimated at US$11.3 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$7.8 Billion by the year 2027 trailing a CAGR of 1.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at -0.3% and 0.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately -0.1% CAGR.We bring years of research experience to this 19th edition of our report. The 168-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others:
- BYD Co., Ltd.
- Canadian Solar, Inc.
- Chint Group
- EGing Photovoltaic Technology Co., Ltd.
- Elkem Silicones, A Bluestar Company
- First Solar, Inc.
- GCL System Integration Technology Co., Ltd.
- Hanwha Corporation
- JA Solar Holdings Co., Ltd.
- Jiangsu Shunfeng Photovoltaic Technology Co., Ltd.
- JinkoSolar Holding Co., Ltd.
- Kyocera Corporation
- ReneSola Ltd.
- Risen Energy Co., Ltd.
- Shanghai Aerospace Automobile Electromechanical Co., Ltd.
- Sharp Corporation
- Solar Frontier K.K
- SunPower Corporation
- Trina Solar Ltd.
- Yingli Green Energy Holding Co., Ltd.
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Global Competitor Market Shares
Solar Cells and Modules Competitor Market Share Scenario Worldwide (in %): 2019 & 2028
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
TABLE 1: Solar Cells and Modules Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 2: Solar Cells and Modules Global Retrospective Market Scenario in US$ Million by Region/Country: 2012-2019
TABLE 3: Solar Cells and Modules Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
Market Facts & Figures
Market Analytics
TABLE 4: United States Solar Cells and Modules Market Estimates and Projections in US$ Million: 2020 to 2027
TABLE 5: Solar Cells and Modules Market in the United States: A Historic Review in US$ Million for 2012-2019
CANADA
TABLE 6: Canadian Solar Cells and Modules Market Estimates and Forecasts in US$ Million: 2020 to 2027
TABLE 7: Canadian Solar Cells and Modules Historic Market Review in US$ Million: 2012-2019
JAPAN
TABLE 8: Japanese Market for Solar Cells and Modules: Annual Sales Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 9: Solar Cells and Modules Market in Japan: Historic Sales Analysis in US$ Million for the Period 2012-2019
CHINA
TABLE 10: Chinese Solar Cells and Modules Market Growth Prospects in US$ Million for the Period 2020-2027
TABLE 11: Solar Cells and Modules Historic Market Analysis in China in US$ Million: 2012-2019
EUROPE
Market Facts & Figures
Market Analytics
TABLE 12: European Solar Cells and Modules Market Demand Scenario in US$ Million by Region/Country: 2020-2027
TABLE 13: Solar Cells and Modules Market in Europe: A Historic Market Perspective in US$ Million by Region/Country for the Period 2012-2019
TABLE 14: European Solar Cells and Modules Market Share Shift by Region/Country: 2012 VS 2020 VS 2027
FRANCE
TABLE 15: Solar Cells and Modules Market in France: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 16: French Solar Cells and Modules Historic Market Scenario in US$ Million: 2012-2019
GERMANY
TABLE 17: Solar Cells and Modules Market in Germany: Recent Past, Current and Future Analysis in US$ Million for the Period 2020-2027
TABLE 18: German Solar Cells and Modules Historic Market Analysis in US$ Million: 2012-2019
ITALY
TABLE 19: Italian Solar Cells and Modules Market Growth Prospects in US$ Million for the Period 2020-2027
TABLE 20: Solar Cells and Modules Historic Market Analysis in Italy in US$ Million: 2012-2019
UNITED KINGDOM
TABLE 21: United Kingdom Market for Solar Cells and Modules: Annual Sales Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 22: Solar Cells and Modules Market in the United Kingdom: Historic Sales Analysis in US$ Million for the Period 2012-2019
SPAIN
TABLE 23: Spanish Solar Cells and Modules Market Estimates and Forecasts in US$ Million: 2020 to 2027
TABLE 24: Spanish Solar Cells and Modules Historic Market Review in US$ Million: 2012-2019
RUSSIA
TABLE 25: Russian Solar Cells and Modules Market Estimates and Projections in US$ Million: 2020 to 2027
TABLE 26: Solar Cells and Modules Market in Russia: A Historic Review in US$ Million for 2012-2019
REST OF EUROPE
TABLE 27: Rest of Europe Solar Cells and Modules Market Estimates and Forecasts in US$ Million: 2020-2027
TABLE 28: Solar Cells and Modules Market in Rest of Europe in US$ Million: A Historic Review for the Period 2012-2019
ASIA-PACIFIC
TABLE 29: Asia-Pacific Solar Cells and Modules Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 30: Solar Cells and Modules Market in Asia-Pacific: Historic Market Analysis in US$ Million by Region/Country for the Period 2012-2019
TABLE 31: Asia-Pacific Solar Cells and Modules Market Share Analysis by Region/Country: 2012 VS 2020 VS 2027
AUSTRALIA
TABLE 32: Solar Cells and Modules Market in Australia: Recent Past, Current and Future Analysis in US$ Million for the Period 2020-2027
TABLE 33: Australian Solar Cells and Modules Historic Market Analysis in US$ Million: 2012-2019
INDIA
TABLE 34: Indian Solar Cells and Modules Market Estimates and Forecasts in US$ Million: 2020 to 2027
TABLE 35: Indian Solar Cells and Modules Historic Market Review in US$ Million: 2012-2019
SOUTH KOREA
TABLE 36: Solar Cells and Modules Market in South Korea: Recent Past, Current and Future Analysis in US$ Million for the Period 2020-2027
TABLE 37: South Korean Solar Cells and Modules Historic Market Analysis in US$ Million: 2012-2019
REST OF ASIA-PACIFIC
TABLE 38: Rest of Asia-Pacific Market for Solar Cells and Modules: Annual Sales Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 39: Solar Cells and Modules Market in Rest of Asia-Pacific: Historic Sales Analysis in US$ Million for the Period 2012-2019
LATIN AMERICA
TABLE 40: Latin American Solar Cells and Modules Market Trends by Region/Country in US$ Million: 2020-2027
TABLE 41: Solar Cells and Modules Market in Latin America in US$ Million by Region/Country: A Historic Perspective for the Period 2012-2019
TABLE 42: Latin American Solar Cells and Modules Market Percentage Breakdown of Sales by Region/Country: 2012, 2020, and 2027
ARGENTINA
TABLE 43: Argentinean Solar Cells and Modules Market Estimates and Forecasts in US$ Million: 2020-2027
TABLE 44: Solar Cells and Modules Market in Argentina in US$ Million: A Historic Review for the Period 2012-2019
BRAZIL
TABLE 45: Solar Cells and Modules Market in Brazil: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 46: Brazilian Solar Cells and Modules Historic Market Scenario in US$ Million: 2012-2019
MEXICO
TABLE 47: Solar Cells and Modules Market in Mexico: Recent Past, Current and Future Analysis in US$ Million for the Period 2020-2027
TABLE 48: Mexican Solar Cells and Modules Historic Market Analysis in US$ Million: 2012-2019
REST OF LATIN AMERICA
TABLE 49: Rest of Latin America Solar Cells and Modules Market Estimates and Projections in US$ Million: 2020 to 2027
TABLE 50: Solar Cells and Modules Market in Rest of Latin America: A Historic Review in US$ Million for 2012-2019
MIDDLE EAST
TABLE 51: The Middle East Solar Cells and Modules Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 52: Solar Cells and Modules Market in the Middle East by Region/Country in US$ Million: 2012-2019
TABLE 53: The Middle East Solar Cells and Modules Market Share Breakdown by Region/Country: 2012, 2020, and 2027
IRAN
TABLE 54: Iranian Market for Solar Cells and Modules: Annual Sales Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 55: Solar Cells and Modules Market in Iran: Historic Sales Analysis in US$ Million for the Period 2012-2019
ISRAEL
TABLE 56: Israeli Solar Cells and Modules Market Estimates and Forecasts in US$ Million: 2020-2027
TABLE 57: Solar Cells and Modules Market in Israel in US$ Million: A Historic Review for the Period 2012-2019
SAUDI ARABIA
TABLE 58: Saudi Arabian Solar Cells and Modules Market Growth Prospects in US$ Million for the Period 2020-2027
TABLE 59: Solar Cells and Modules Historic Market Analysis in Saudi Arabia in US$ Million: 2012-2019
UNITED ARAB EMIRATES
TABLE 60: Solar Cells and Modules Market in the United Arab Emirates: Recent Past, Current and Future Analysis in US$ Million for the Period 2020-2027
TABLE 61: United Arab Emirates Solar Cells and Modules Historic Market Analysis in US$ Million: 2012-2019
REST OF MIDDLE EAST
TABLE 62: Solar Cells and Modules Market in Rest of Middle East: Recent Past, Current and Future Analysis in US$ Million for the Period 2020-2027
TABLE 63: Rest of Middle East Solar Cells and Modules Historic Market Analysis in US$ Million: 2012-2019
AFRICA
TABLE 64: African Solar Cells and Modules Market Estimates and Projections in US$ Million: 2020 to 2027
TABLE 65: Solar Cells and Modules Market in Africa: A Historic Review in US$ Million for 2012-2019
IV. COMPETITION
Total Companies Profiled: 72
