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Solar Cells Market Share

Report ID: GMI304
Published Date: Aug 2024
Report Format: PDF

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Solar Cells Market Share

The competitive landscape of the solar cells industry is dynamic and multifaceted, driven by technological advancements, market demands, and evolving government policies. The industry is characterized by a diverse range of players, including large multinational corporations, emerging companies, and specialized manufacturers. Companies are increasingly focusing on sustainable manufacturing practices and the recyclability of solar panels to meet consumer and regulatory demands. This focus is becoming a differentiator in markets with stringent environmental regulations.

Solar Cells Market Companies

Eminent players operating in the solar cells industry are:

Canadian Solar
DuPont
Hevel
Hanwha Q Cells
Jinko Solar
JINERGY
JA SOLAR Technology Co., Ltd.
Meyer Burger
MOTECH Industries Inc.
RENESOLA
REC Solar Holdings AS
Silfab Solar Inc.
SINGULUS TECHNOLOGIES AG.
SunPower Corporation
Sunport Power
AIKO
Tongwei Co., Ltd.
United Renewable Energy LLC
Vikram Solar Ltd.
Wuxi Suntech Power Co., Ltd.
Yingli Solar

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of solar cells was worth over USD 32.5 billion in 2023 and will achieve 2.9% CAGR between 2024 and 2032, driven by the increasing demand for renewable energy sources, government incentives, and advancements in technology.

The crystalline solar cells market will reach over USD 37 billion by 2032, primarily due to their high efficiency, established technology, superior performance and durability.

APAC solar cells industry will exceed USD 39 billion by 2032, owing to rapid industrialization, growing energy needs, and favorable government policies promoting renewable energy.

Some of the prominent firms operating in the solar cells market are Canadian Solar, DuPont, Hevel, Hanwha Q Cells, Jinko Solar, JINERGY, Meyer Burger, MOTECH Industries Inc., RENESOLA, REC Solar Holdings AS, SINGULUS TECHNOLOGIES AG., SunPower Corporation, AIKO, United Renewable Energy LLC, Vikram Solar Ltd., and Wuxi Suntech Power Co., Ltd., among others.