太陽電池の世界市場：タイプ別、用途別、エンドユーザー別、地域別、機会、予測、2018年～2032年

世界の太陽電池の市場規模は、2025年～2032年の予測期間中に15.07%のCAGRで拡大し、2024年の1,408億1,000万米ドルから2032年には4,328億4,000万米ドルに成長すると予測されています。同市場は著しい成長を遂げており、今後数年間も同様の成長を維持すると予想されます。世界中で太陽電池が必要とされているのは、気候変動を監視し、化石燃料への依存を減らすために、無公害で再生可能なエネルギー源を使用する必要性があるためです。世界的に電力消費量が増加しているため、太陽電池は環境への悪影響を最小限に抑えながら電力を生産するための実行可能な選択肢です。さらに、各国政府は太陽エネルギーの成長を促進するため、世界各地でエネルギー安全保障と持続可能性の目標を促進する政策と政策を導入しています。

例えば、欧州委員会は2024年3月、「ホライゾン・欧州戦略計画2025-2027」を発表しましたが、これは欧州技術革新プラットフォーム（ETIP PV）との協力による太陽電池の共同プログラム欧州パートナーシップで構成されています。これは、太陽電池分野の研究と技術革新を促進することを目的としています。この戦略計画は、太陽エネルギー分野の調査と技術革新を支援するための資金を提供し、官民が一体となって重要な問題を解決していくものです。

当レポートでは、世界の太陽電池市場について調査し、市場の概要とともに、タイプ別、用途別、エンドユーザー別、地域別動向、および市場に参入する企業のプロファイルなどを提供しています。

目次

第1章 プロジェクトの範囲と定義

第2章 調査手法

第3章 エグゼクティブサマリー

第4章 顧客の声

第5章 世界の太陽電池市場の見通し、2018年～2032年

• 市場規模の分析と予測
• 市場シェア分析と予測
• 市場マップ分析、2024年
  • タイプ別
  • 用途別
  • エンドユーザー別
  • 地域別

第6章 北米の太陽電池市場の見通し、2018年～2032年

第7章 欧州の太陽電池市場の見通し、2018年～2032年

第8章 アジア太平洋の太陽電池市場の見通し、2018年～2032年

第9章 南米の太陽電池市場の見通し、2018年～2032年

第10章 中東・アフリカの太陽電池市場の見通し、2018年～2032年

第11章 ポーターのファイブフォース分析

第12章 PESTLE分析

第13章 市場力学

第14章 市場の動向と発展

第15章 ケーススタディ

第16章 競合情勢

• 市場リーダートップ5の競合マトリックス
• 参入企業トップ5のSWOT分析
• 市場の主要参入企業トップ10の情勢
  • Tongwei Co., Ltd
  • Panasonic Holdings Corporation
  • Tata Power Renewable Energy Limited
  • Adani Green Energy Limited
  • LONGi Green Energy Technology Co. Ltd.
  • TSEC Corporation
  • Hanwah Corporation
  • Canadian Solar Inc.
  • Jinko Solar Co., Ltd.
  • Sharp Corporation.

第17章 戦略的提言

第18章 お問い合わせと免責事項

List of Tables

• Table 1. Pricing Analysis of Products from Key Players
• Table 2. Competition Matrix of Top 5 Market Leaders
• Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)
• Table 4. About Us - Regions and Countries Where We Have Executed Client Projects

List of Figures

• Figure 1. Global Solar Cell Market, By Value, in USD Billion, 2018-2032F
• Figure 2. Global Solar Cell Market, By Volume, in Gigawatt (GW), 2018-2032F
• Figure 3. Global Solar Cell Market Share (%), By Type, 2018-2032F
• Figure 4. Global Solar Cell Market Share (%), By Application, 2018-2032F
• Figure 5. Global Solar Cell Market Share (%), By End-user, 2018-2032F
• Figure 6. Global Solar Cell Market Share (%), By Region, 2018-2032F
• Figure 7. North America Solar Cell Market, By Value, in USD Billion, 2018-2032F
• Figure 8. North America Solar Cell Market, By Volume, in Gigawatt (GW), 2018-2032F
• Figure 9. North America Solar Cell Market Share (%), By Type, 2018-2032F
• Figure 10. North America Solar Cell Market Share (%), By Application, 2018-2032F
• Figure 11. North America Solar Cell Market Share (%), By End-user, 2018-2032F
• Figure 12. North America Solar Cell Market Share (%), By Country, 2018-2032F
• Figure 13. United States Solar Cell Market, By Value, in USD Billion, 2018-2032F
• Figure 14. United States Solar Cell Market, By Volume, in Gigawatt (GW), 2018-2032F
• Figure 15. United States Solar Cell Market Share (%), By Type, 2018-2032F
• Figure 16. United States Solar Cell Market Share (%), By Application, 2018-2032F
• Figure 17. United States Solar Cell Market Share (%), By End-user, 2018-2032F
• Figure 18. Canada Solar Cell Market, By Value, in USD Billion, 2018-2032F
• Figure 19. Canada Solar Cell Market, By Volume, in Gigawatt (GW), 2018-2032F
• Figure 20. Canada Solar Cell Market Share (%), By Type, 2018-2032F
• Figure 21. Canada Solar Cell Market Share (%), By Application, 2018-2032F
• Figure 22. Canada Solar Cell Market Share (%), By End-user, 2018-2032F
• Figure 23. Mexico Solar Cell Market, By Value, in USD Billion, 2018-2032F
• Figure 24. Mexico Solar Cell Market, By Volume, in Gigawatt (GW), 2018-2032F
• Figure 25. Mexico Solar Cell Market Share (%), By Type, 2018-2032F
• Figure 26. Mexico Solar Cell Market Share (%), By Application, 2018-2032F
• Figure 27. Mexico Solar Cell Market Share (%), By End-user, 2018-2032F
• Figure 28. Europe Solar Cell Market, By Value, in USD Billion, 2018-2032F
• Figure 29. Europe Solar Cell Market, By Volume, in Gigawatt (GW), 2018-2032F
• Figure 30. Europe Solar Cell Market Share (%), By Type, 2018-2032F
• Figure 31. Europe Solar Cell Market Share (%), By Application, 2018-2032F
• Figure 32. Europe Solar Cell Market Share (%), By End-user, 2018-2032F
• Figure 33. Europe Solar Cell Market Share (%), By Country, 2018-2032F
• Figure 34. Germany Solar Cell Market, By Value, in USD Billion, 2018-2032F
• Figure 35. Germany Solar Cell Market, By Volume, in Gigawatt (GW), 2018-2032F
• Figure 36. Germany Solar Cell Market Share (%), By Type, 2018-2032F
• Figure 37. Germany Solar Cell Market Share (%), By Application, 2018-2032F
• Figure 38. Germany Solar Cell Market Share (%), By End-user, 2018-2032F
• Figure 39. France Solar Cell Market, By Value, in USD Billion, 2018-2032F
• Figure 40. France Solar Cell Market, By Volume, in Gigawatt (GW), 2018-2032F
• Figure 41. France Solar Cell Market Share (%), By Type, 2018-2032F
• Figure 42. France Solar Cell Market Share (%), By Application, 2018-2032F
• Figure 43. France Solar Cell Market Share (%), By End-user, 2018-2032F
• Figure 44. Italy Solar Cell Market, By Value, in USD Billion, 2018-2032F
• Figure 45. Italy Solar Cell Market, By Volume, in Gigawatt (GW), 2018-2032F
• Figure 46. Italy Solar Cell Market Share (%), By Type, 2018-2032F
• Figure 47. Italy Solar Cell Market Share (%), By Application, 2018-2032F
• Figure 48. Italy Solar Cell Market Share (%), By End-user, 2018-2032F
• Figure 49. United Kingdom Solar Cell Market, By Value, in USD Billion, 2018-2032F
• Figure 50. United Kingdom Solar Cell Market, By Volume, in Gigawatt (GW), 2018-2032F
• Figure 51. United Kingdom Solar Cell Market Share (%), By Type, 2018-2032F
• Figure 52. United Kingdom Solar Cell Market Share (%), By Application, 2018-2032F
• Figure 53. United Kingdom Solar Cell Market Share (%), By End-user, 2018-2032F
• Figure 54. Russia Solar Cell Market, By Value, in USD Billion, 2018-2032F
• Figure 55. Russia Solar Cell Market, By Volume, in Gigawatt (GW), 2018-2032F
• Figure 56. Russia Solar Cell Market Share (%), By Type, 2018-2032F
• Figure 57. Russia Solar Cell Market Share (%), By Application, 2018-2032F
• Figure 58. Russia Solar Cell Market Share (%), By End-user, 2018-2032F
• Figure 59. Netherlands Solar Cell Market, By Value, in USD Billion, 2018-2032F
• Figure 60. Netherlands Solar Cell Market, By Volume, in Gigawatt (GW), 2018-2032F
• Figure 61. Netherlands Solar Cell Market Share (%), By Type, 2018-2032F
• Figure 62. Netherlands Solar Cell Market Share (%), By Application, 2018-2032F
• Figure 63. Netherlands Solar Cell Market Share (%), By End-user, 2018-2032F
• Figure 64. Spain Solar Cell Market, By Value, in USD Billion, 2018-2032F
• Figure 65. Spain Solar Cell Market, By Volume, in Gigawatt (GW), 2018-2032F
• Figure 66. Spain Solar Cell Market Share (%), By Type, 2018-2032F
• Figure 67. Spain Solar Cell Market Share (%), By Application, 2018-2032F
• Figure 68. Spain Solar Cell Market Share (%), By End-user, 2018-2032F
• Figure 69. Turkey Solar Cell Market, By Value, in USD Billion, 2018-2032F
• Figure 70. Turkey Solar Cell Market, By Volume, in Gigawatt (GW), 2018-2032F
• Figure 71. Turkey Solar Cell Market Share (%), By Type, 2018-2032F
• Figure 72. Turkey Solar Cell Market Share (%), By Application, 2018-2032F
• Figure 73. Turkey Solar Cell Market Share (%), By End-user, 2018-2032F
• Figure 74. Poland Solar Cell Market, By Value, in USD Billion, 2018-2032F
• Figure 75. Poland Solar Cell Market, By Volume, in Gigawatt (GW), 2018-2032F
• Figure 76. Poland Solar Cell Market Share (%), By Type, 2018-2032F
• Figure 77. Poland Solar Cell Market Share (%), By Application, 2018-2032F
• Figure 78. Poland Solar Cell Market Share (%), By End-user, 2018-2032F
• Figure 79. South America Solar Cell Market, By Value, in USD Billion, 2018-2032F
• Figure 80. South America Solar Cell Market, By Volume, in Gigawatt (GW), 2018-2032F
• Figure 81. South America Solar Cell Market Share (%), By Type, 2018-2032F
• Figure 82. South America Solar Cell Market Share (%), By Application, 2018-2032F
• Figure 83. South America Solar Cell Market Share (%), By End-user, 2018-2032F
• Figure 84. South America Solar Cell Market Share (%), By Country, 2018-2032F
• Figure 85. Brazil Solar Cell Market, By Value, in USD Billion, 2018-2032F
• Figure 86. Brazil Solar Cell Market, By Volume, in Gigawatt (GW), 2018-2032F
• Figure 87. Brazil Solar Cell Market Share (%), By Type, 2018-2032F
• Figure 88. Brazil Solar Cell Market Share (%), By Application, 2018-2032F
• Figure 89. Brazil Solar Cell Market Share (%), By End-user, 2018-2032F
• Figure 90. Argentina Solar Cell Market, By Value, in USD Billion, 2018-2032F
• Figure 91. Argentina Solar Cell Market, By Volume, in Gigawatt (GW), 2018-2032F
• Figure 92. Argentina Solar Cell Market Share (%), By Type, 2018-2032F
• Figure 93. Argentina Solar Cell Market Share (%), By Application, 2018-2032F
• Figure 94. Argentina Solar Cell Market Share (%), By End-user, 2018-2032F
• Figure 95. Asia-Pacific Solar Cell Market, By Value, in USD Billion, 2018-2032F
• Figure 96. Asia-Pacific Solar Cell Market, By Volume, in Gigawatt (GW), 2018-2032F
• Figure 97. Asia-Pacific Solar Cell Market Share (%), By Type, 2018-2032F
• Figure 98. Asia-Pacific Solar Cell Market Share (%), By Application, 2018-2032F
• Figure 99. Asia-Pacific Solar Cell Market Share (%), By End-user, 2018-2032F
• Figure 100. Asia-Pacific Solar Cell Market Share (%), By Country, 2018-2032F
• Figure 101. India Solar Cell Market, By Value, in USD Billion, 2018-2032F
• Figure 102. India Solar Cell Market, By Volume, in Gigawatt (GW), 2018-2032F
• Figure 103. India Solar Cell Market Share (%), By Type, 2018-2032F
• Figure 104. India Solar Cell Market Share (%), By Application, 2018-2032F
• Figure 105. India Solar Cell Market Share (%), By End-user, 2018-2032F
• Figure 106. China Solar Cell Market, By Value, in USD Billion, 2018-2032F
• Figure 107. China Solar Cell Market, By Volume, in Gigawatt (GW), 2018-2032F
• Figure 108. China Solar Cell Market Share (%), By Type, 2018-2032F
• Figure 109. China Solar Cell Market Share (%), By Application, 2018-2032F
• Figure 110. China Solar Cell Market Share (%), By End-user, 2018-2032F
• Figure 111. Japan Solar Cell Market, By Value, in USD Billion, 2018-2032F
• Figure 112. Japan Solar Cell Market, By Volume, in Gigawatt (GW), 2018-2032F
• Figure 113. Japan Solar Cell Market Share (%), By Type, 2018-2032F
• Figure 114. Japan Solar Cell Market Share (%), By Application, 2018-2032F
• Figure 115. Japan Solar Cell Market Share (%), By End-user, 2018-2032F
• Figure 116. Australia Solar Cell Market, By Value, in USD Billion, 2018-2032F
• Figure 117. Australia Solar Cell Market, By Volume, in Gigawatt (GW), 2018-2032F
• Figure 118. Australia Solar Cell Market Share (%), By Type, 2018-2032F
• Figure 119. Australia Solar Cell Market Share (%), By Application, 2018-2032F
• Figure 120. Australia Solar Cell Market Share (%), By End-user, 2018-2032F
• Figure 121. Vietnam Solar Cell Market, By Value, in USD Billion, 2018-2032F
• Figure 122. Vietnam Solar Cell Market, By Volume, in Gigawatt (GW), 2018-2032F
• Figure 123. Vietnam Solar Cell Market Share (%), By Type, 2018-2032F
• Figure 124. Vietnam Solar Cell Market Share (%), By Application, 2018-2032F
• Figure 125. Vietnam Solar Cell Market Share (%), By End-user, 2018-2032F
• Figure 126. South Korea Solar Cell Market, By Value, in USD Billion, 2018-2032F
• Figure 127. South Korea Solar Cell Market, By Volume, in Gigawatt (GW), 2018-2032F
• Figure 128. South Korea Solar Cell Market Share (%), By Type, 2018-2032F
• Figure 129. South Korea Solar Cell Market Share (%), By Application, 2018-2032F
• Figure 130. South Korea Solar Cell Market Share (%), By End-user, 2018-2032F
• Figure 131. Indonesia Solar Cell Market, By Value, in USD Billion, 2018-2032F
• Figure 132. Indonesia Solar Cell Market, By Volume, in Gigawatt (GW), 2018-2032F
• Figure 133. Indonesia Solar Cell Market Share (%), By Type, 2018-2032F
• Figure 134. Indonesia Solar Cell Market Share (%), By Application, 2018-2032F
• Figure 135. Indonesia Solar Cell Market Share (%), By End-user, 2018-2032F
• Figure 136. Philippines Solar Cell Market, By Value, in USD Billion, 2018-2032F
• Figure 137. Philippines Solar Cell Market, By Volume, in Gigawatt (GW), 2018-2032F
• Figure 138. Philippines Solar Cell Market Share (%), By Type, 2018-2032F
• Figure 139. Philippines Solar Cell Market Share (%), By Application, 2018-2032F
• Figure 140. Philippines Solar Cell Market Share (%), By End-user, 2018-2032F
• Figure 141. Middle East & Africa Solar Cell Market, By Value, in USD Billion, 2018-2032F
• Figure 142. Middle East & Africa Solar Cell Market, By Volume, in Gigawatt (GW), 2018-2032F
• Figure 143. Middle East & Africa Solar Cell Market Share (%), By Type, 2018-2032F
• Figure 144. Middle East & Africa Solar Cell Market Share (%), By Application, 2018-2032F
• Figure 145. Middle East & Africa Solar Cell Market Share (%), By End-user, 2018-2032F
• Figure 146. Middle East & Africa Solar Cell Market Share (%), By Country, 2018-2032F
• Figure 147. Saudi Arabia Solar Cell Market, By Value, in USD Billion, 2018-2032F
• Figure 148. Saudi Arabia Solar Cell Market, By Volume, in Gigawatt (GW), 2018-2032F
• Figure 149. Saudi Arabia Solar Cell Market Share (%), By Type, 2018-2032F
• Figure 150. Saudi Arabia Solar Cell Market Share (%), By Application, 2018-2032F
• Figure 151. Saudi Arabia Solar Cell Market Share (%), By End-user, 2018-2032F
• Figure 152. UAE Solar Cell Market, By Value, in USD Billion, 2018-2032F
• Figure 153. UAE Solar Cell Market, By Volume, in Gigawatt (GW), 2018-2032F
• Figure 154. UAE Solar Cell Market Share (%), By Type, 2018-2032F
• Figure 155. UAE Solar Cell Market Share (%), By Application, 2018-2032F
• Figure 156. UAE Solar Cell Market Share (%), By End-user, 2018-2032F
• Figure 157. South Africa Solar Cell Market, By Value, in USD Billion, 2018-2032F
• Figure 158. South Africa Solar Cell Market, By Volume, in Gigawatt (GW), 2018-2032F
• Figure 159. South Africa Solar Cell Market Share (%), By Type, 2018-2032F
• Figure 160. South Africa Solar Cell Market Share (%), By Application, 2018-2032F
• Figure 161. South Africa Solar Cell Market Share (%), By End-user, 2018-2032F
• Figure 162. By Type Map-Market Size (USD Billion) & Growth Rate (%), 2024
• Figure 163. By Application Map-Market Size (USD Billion) & Growth Rate (%), 2024
• Figure 164. By End-user Map-Market Size (USD Billion) & Growth Rate (%), 2024
• Figure 165. By Region Map-Market Size (USD Billion) & Growth Rate (%), 2024

Global solar cell market is projected to witness a CAGR of 15.07% during the forecast period 2025-2032, growing from USD 140.81 billion in 2024 to USD 432.84 billion in 2032. The market has experienced significant growth and is expected to maintain the same over the upcoming years. The requirement for solar cells worldwide is due to the necessity of using non-polluting and renewable energy sources to monitor climate change and reduce dependence on fossil fuels. Solar cells are a viable option for producing power with minimal negative environmental impacts because there is a rise in electricity consumption worldwide. Furthermore, governments are introducing policies and regulations worldwide to promote the growth of solar energy, thereby facilitating energy security and sustainability objectives in different parts of the world.

For instance, in March 2024, the European Commission recently introduced its 'Horizon Europe Strategic Plan 2025-2027,' which consists of a Co-Programmed European Partnership for solar photovoltaic cells in cooperation with the European Technology and Innovation Platform (ETIP PV). It is intended to facilitate the solar sector's research and innovation. This strategic plan will provide finance to support research and innovation in the solar energy field and so solve vital problems through concerted efforts from the public and private sectors.

Rise in Utilization of Monocrystalline Solar Cells is Amplifying Market Growth

Monocrystalline cells are crucial as they have a higher efficiency, usually around (15% to 20%), and are the most effective means of converting sunlight directly into electricity. These cells have a single-crystal structure that allows the electron to flow better, making them capable of producing more power per square foot compared to polycrystalline and thin-film cells. Furthermore, they occupy less space in installations with limited roof areas. Monocrystalline solar cells are also long-lasting, and their ability to perform in lower light conditions enhances their value in all applications, thereby driving market growth.

In October 2023, JinkoSolar Holding Co., Ltd. set a new record for the high-efficiency, 182mm, N-type monocrystalline silicon solar cell with a maximum solar conversion efficiency of 26.89% as confirmed by the National PV Industry Measurement and Testing Center. This marks an enormous step forward for the solar industry. Advanced metallization enhancement, bulk material passivation, and light trapping technologies developed were major elements in achieving the breakthrough. The initiative highlights the company's commitment to ongoing research and development to enhance product efficiency and reliability, positioning them as leaders in the solar industry.

Rural Electrification is Expediting Market Growth at an Exponential Rate

Solar cells are frequently used in rural electrification, as they are a reliable source of energy for far-off areas without regular power grids. This has helped communities harness sunlight to reduce their dependence on non-renewable sources. Solar power development improves the quality of life by providing a regular power supply while promoting economic growth through employment opportunities and skills enhancement. Furthermore, solar PV installations promote energy independence, making communities less vulnerable to power outages and contributing to overall community development.

For example, in September 2024, the Asian Development Bank sanctioned a loan of USD 434.25 million for enhancing solar energy capacity and energy security in Assam, India. The Assam Solar Project proposes setting up a 500 MW grid-connected solar photovoltaic (PV) facility in the Karbi Anglong district (rural Assam). It aims to develop a battery energy storage system to ensure grid stability and meet peak demand. The project also addresses upgrading electricity distribution and installing new transformers in rural communities.

Increase in Usage of Water Heating Systems is Fostering Market Growth

Solar water heating systems utilize solar cells to turn sunlight into electricity, thereby effectively supplying heating water for household or commercial usage while minimizing dependency on traditional energy sources. Water heating systems are in high demand in both rural and urban regions. These systems ensure comfort and hygiene through a proper hot water supply for cleaning, cooking, and bathing. Apart from these, the low-cost and energy-effective water heating systems lessen expenses and can also conserve energy, thus making it eco-friendly. These systems also ensure that energy use is effective, reduces greenhouse gases, and mitigates the impacts of climate change, mainly through renewable energy sources, particularly solar.

For instance, in May 2024, Waaree Energies Ltd installed a 25,000-LPD capacity solar water heating system for the Ladakh Renewable Energy Development Agency at Leh, Ladakh. The objective of the system is to penetrate the challenging terrain of the solar thermal market while considerably reducing carbon emissions. By replacing diesel oil, which would otherwise emit 58.85 kg of CO2 to generate the same hot water, WAAREE's system will help cut toxic emissions by approximately 17,000 kg per day. The installation utilizes advanced vacuum tube technology with a special coating, thereby increasing efficiency and sustainability in the region.

Rapid Technological Advancements in Solar Cells is Augmenting the Market Growth Significantly

Technological improvement in solar cells is believed to significantly increase demand by maximizing efficiency, reducing costs, and increasing applications. New breakthroughs such as higher efficiency materials, including perovskite and tandem cells, allow more light energy to be converted from the sun, making solar power more competitive with traditional power sources. Improved manufacturing also reduces the cost of production while making solar installations more affordable to consumers and businesses. Furthermore, smart technology advancements and flexible solar panels provide flexibility in the system to be applied to different scenarios. All these factors, together, encourage more solar energy usage in the system for a changeover towards green energy alternatives, thereby fostering market growth.

For instance, in June 2024, Canon Inc. announced the development of a material capable of significantly enhancing the durability and mass-production stability of the perovskite solar cell. This recent move is to overcome specific obstacles in the production and lifespan of perovskite technology, which has encountered many degradation and consistency problems. By improving these aspects, Canon's innovation could facilitate more reliable manufacturing processes and promote the broader adoption of perovskite solar cells, which can be positioned as a viable option in the renewable energy landscape.

Asia-Pacific Emerged as the Market Leader

Asia-Pacific has emerged as the market leader due to the availability of abundant solar cells in the region, especially in China and India. China and India are at the forefront of global solar cells, accounting for the lion's share of production and exports. With a huge capital outlay, the countries lead every stage of the solar supply chain, from silicon cells to panel manufacturing. The installed capacity in both countries has reached a staggering height, covering a huge part of the total installed power globally. Moreover, a combination of strong government policies, highly advanced manufacturing capabilities, and a rapid rise in innovation has reduced the costs of solar energy to a great extent and has made solar energy the cheapest source of electricity available in more than two-thirds part of the world.

For instance, in November 2024, China's Huasun Energy successfully rolled out the first batch of its 210HP heterojunction (HJT) solar cells from the Xuancheng Phase V 1 GW production facility. The organization aims to achieve solar PV efficacy of around 26.24%, in the upcoming time. This goal reflects Huasun's efforts towards innovations and efficiency in the solar technology domain as the company aspires to improve production through advanced processes and technologies to meet the growing demand for high-quality solar PVs.

Future Market Scenario (2025 - 2032F)

Rising concerns about carbon emissions and the need for sustainable energy sources are driving up demand for solar cells in the residential, commercial, and utility sectors, which is expected to create extensive market opportunities in the future.

The continuous growing trend of solar energy generation will increase solar usage, particularly in underdeveloped countries without reliable electrical access, thereby leading to ample growth opportunities for the market over the upcoming years.

Solar cell technology and production have reached new heights through the collaborations made in solar projects. These collaborations enhance the bonding and trust between research institutes and companies that improve innovation, efficiency, and cost reduction, thereby ensuring a promising growth rate in the market over the upcoming years.

Key Players Landscape and Outlook

The demand for solar cells is rising continuously as the key players compete fiercely to gain a competitive edge in the industry. Furthermore, they are also getting engaged in various collaborations for rapid technological advancements in solar cells by spending a large sum of money. These collaborations are expected to result in significant possibilities for market expedition at present and over the upcoming years.

In August 2023, Panasonic Holdings Corporation unveiled the world's first long-term demonstration project for building integrated Perovskite solar cells in Fujisawa Sustainable Smart Town in Japan. This innovative project is expected to enhance energy efficiency and sustainability within the community through advanced photovoltaic glass technology. Fujisawa SST, with eco-friendly living and smart technologies, is a model for future urban developments, incorporating solar energy solutions to reduce carbon emissions significantly and promote a self-sustaining lifestyle among its residents.

In June 2024, LONGi Green Energy Technology Co., Ltd. announced that it had set a new world record in achieving an efficiency of 30.1% for its commercial M6-size wafer-level silicon-perovskite tandem solar cells during the Intersolar Europe event in Munich, Germany. The Fraunhofer Institute for Solar Energy certified the efficiency after LONGi had already set a previous record at 34.6% during the 2024 SNEC EXPO in Shanghai. The new record beats the 28.6% efficiency for M4 wafers established in May 2023, representing a major step forward in tandem solar cell technology.

Table of Contents

1. Project Scope and Definitions

2. Research Methodology

3. Executive Summary

4. Voice of Customer

• 4.1. Product and Market Intelligence
• 4.2. Mode of Brand Awareness
• 4.3. Factors Considered in Purchase Decisions
  • 4.3.1. Features and Other Value-Added Service
  • 4.3.2. Efficiency
  • 4.3.3. Technical Support
  • 4.3.4. Pricing

5. Global Solar Cell Market Outlook, 2018-2032F

• 5.1. Market Size Analysis & Forecast
  • 5.1.1. By Value
  • 5.1.2. By Volume
• 5.2. Market Share Analysis & Forecast
  • 5.2.1. By Type
    • 5.2.1.1. Monocrystalline Cells
    • 5.2.1.2. Polycrystalline Cells
    • 5.2.1.3. Thin Film Cells
    • 5.2.1.4. Passivated Emitter and Rear Contact Cells (PERC)
  • 5.2.2. By Application
    • 5.2.2.1. Rural Electrification
    • 5.2.2.2. Stand-Alone Systems
    • 5.2.2.3. Solar Farms
    • 5.2.2.4. Building-Integrated PV
  • 5.2.3. By End-user
    • 5.2.3.1. Residential
    • 5.2.3.2. Commercial
    • 5.2.3.3. Industrial
  • 5.2.4. By Region
    • 5.2.4.1. North America
    • 5.2.4.2. Europe
    • 5.2.4.3. Asia-Pacific
    • 5.2.4.4. South America
    • 5.2.4.5. Middle East and Africa
  • 5.2.5. By Company Market Share Analysis (Top 5 Companies and Others - By Value, 2024)
• 5.3. Market Map Analysis, 2024
  • 5.3.1. By Type
  • 5.3.2. By Application
  • 5.3.3. By End-user
  • 5.3.4. By Region

6. North America Solar Cells Market Outlook, 2018-2032F*

• 6.1. Market Size Analysis & Forecast
  • 6.1.1. By Value
  • 6.1.2. By Volume
  • 6.1.3. By Type
    • 6.1.3.1. Monocrystalline Cells
    • 6.1.3.2. Polycrystalline Cells
    • 6.1.3.3. Thin Film Cells
    • 6.1.3.4. Passivated Emitter and Rear Contact Cells (PERC)
  • 6.1.4. By Application
    • 6.1.4.1. Rural Electrification
    • 6.1.4.2. Stand-Alone Systems
    • 6.1.4.3. Solar Farms
    • 6.1.4.4. Building-Integrated PV
  • 6.1.5. By End-user
    • 6.1.5.1. Residential
    • 6.1.5.2. Commercial
    • 6.1.5.3. Industrial
  • 6.1.6. By Country Share
    • 6.1.6.1. United States
    • 6.1.6.2. Canada
    • 6.1.6.3. Mexico
• 6.2. Country Market Assessment
  • 6.2.1. United States Solar Cells Market Outlook, 2018-2032F*
    • 6.2.1.1. Market Size Analysis & Forecast
      • 6.2.1.1.1. By Value
      • 6.2.1.1.2. By Volume
    • 6.2.1.2. Market Share Analysis & Forecast
      • 6.2.1.2.1. By Type
        • 6.2.1.2.1.1. Monocrystalline Cells
        • 6.2.1.2.1.2. Polycrystalline Cells
        • 6.2.1.2.1.3. Thin Film Cells
        • 6.2.1.2.1.4. Passivated Emitter and Rear Contact Cells (PERC)
      • 6.2.1.2.2. By Application
        • 6.2.1.2.2.1. Rural Electrification
        • 6.2.1.2.2.2. Stand-alone Systems
        • 6.2.1.2.2.3. Solar Farms
        • 6.2.1.2.2.4. Building-integrated PV
      • 6.2.1.2.3. By End-user
        • 6.2.1.2.3.1. Residential
        • 6.2.1.2.3.2. Commercial
        • 6.2.1.2.3.3. Industrial
  • 6.2.2. Canada
  • 6.2.3. Mexico

All segments will be provided for all regions and countries covered

7. Europe Solar Cell Market Outlook, 2018-2032F

• 7.1. Germany
• 7.2. France
• 7.3. Italy
• 7.4. United Kingdom
• 7.5. Russia
• 7.6. Netherlands
• 7.7. Spain
• 7.8. Turkey
• 7.9. Poland

8. Asia-Pacific Solar Cell Market Outlook, 2018-2032F

• 8.1. India
• 8.2. China
• 8.3. Japan
• 8.4. Australia
• 8.5. Vietnam
• 8.6. South Korea
• 8.7. Indonesia
• 8.8. Philippines

9. South America Solar Cell Market Outlook, 2018-2032F

• 9.1. Brazil
• 9.2. Argentina

10. Middle East and Africa Solar Cell Market Outlook, 2018-2032F

• 10.1. Saudi Arabia
• 10.2. UAE
• 10.3. South Africa

11. Porter's Five Forces Analysis

12. PESTLE Analysis

13. Market Dynamics

• 13.1. Market Drivers
• 13.2. Market Challenges

14. Market Trends and Developments

15. Case Studies

16. Competitive Landscape

• 16.1. Competition Matrix of Top 5 Market Leaders
• 16.2. SWOT Analysis for Top 5 Players
• 16.3. Key Players Landscape for Top 10 Market Players
  • 16.3.1. Tongwei Co., Ltd
    • 16.3.1.1. Company Details
    • 16.3.1.2. Key Management Personnel
    • 16.3.1.3. Products and Services
    • 16.3.1.4. Financials (As Reported)
    • 16.3.1.5. Key Market Focus and Geographical Presence
    • 16.3.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisition
  • 16.3.2. Panasonic Holdings Corporation
  • 16.3.3. Tata Power Renewable Energy Limited
  • 16.3.4. Adani Green Energy Limited
  • 16.3.5. LONGi Green Energy Technology Co. Ltd.
  • 16.3.6. TSEC Corporation
  • 16.3.7. Hanwah Corporation
  • 16.3.8. Canadian Solar Inc.
  • 16.3.9. Jinko Solar Co., Ltd.
  • 16.3.10. Sharp Corporation.

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

17. Strategic Recommendations

18. About Us and Disclaimer