APO RESEARCH · REPORT
Solar Cells and Modules
A solar cell or photovoltaic (PV) cell is a semiconductor device that converts light directly into electricity by the photovoltaic effect. The most common material in solar cell production is purified silicon that can be applied in different ways.
Product & engineering
Understand the product.
A solar cell or photovoltaic (PV) cell is a semiconductor device that converts light directly into electricity by the photovoltaic effect. The most common material in solar cell production is purified silicon that can be applied in different ways.
A PV module is an assembly of photo-voltaic cells mounted in a framework for installation. Photo-voltaic cells use sunlight as a source of energy and generate direct current electricity. A collection of PV modules is called a PV Panel, and a system of Panels is an Array. Arrays of a photovoltaic system supply solar electricity to electrical equipment.
Selected research
Industry Growth & Trends
Global Solar Cells and Modules Industry Growth and Trends Forecast to 2032
Market perspective
A solar cell or photovoltaic (PV) cell is a semiconductor device that converts light directly into electricity by the photovoltaic effect. The most common material in solar cell production is purified silicon that can be applied in different ways.
A PV module is an assembly of photo-voltaic cells mounted in a framework for installation. Photo-voltaic cells use sunlight as a source of energy and generate direct current electricity. A collection of PV modules is called a PV Panel, and a system of Panels is an Array. Arrays of a photovoltaic system supply solar electricity to electrical equipment.
JinkoSolar, JA Solar, Canadian Solar, Trina Solar and Hanwha Solutions are the top 5 of Solar Cells and Modules, with about 47% market shares. Asia-Pacific has the largest global export quantity and manufacturers in Solar Cells and Modules market, nearly 62%, while Europe is the second sales volume market for Solar Cells and Modules at around 20% in 2019. Si-wafer based PV technology accounted for about 93% of the total sales in 2019. The share of mono-crystalline technology is now about 64% of total sales. Solar cells and modules can be divided into monocrystalline silicon modules, polycrystalline silicon modules, CdTe modules, CIGS modules, and amorphous silicon modules. It can be applied to photovoltaic power stations, commercial advertisements and residential buildings.
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Report Scope
This report provides a structured, data-driven view of the global Solar Cells and Modules market, combining harmonized quantitative metrics with targeted qualitative insight to support business and growth strategy, market positioning, and capital allocation.
The Solar Cells and Modules market size, estimates, and forecasts are presented in terms of sales volume (MW) and revenue (US$ million), with 2025 as the base year and historical and forecast data for 2021-2032. The report segments the global Solar Cells and Modules market by Type, Application, region/country, and company, provides regional market sizes at the segment level, profiles the competitive landscape and key players and their market ranks, and reviews technology trends and new product developments relevant to Solar Cells and Modules.
Key Companies & Market Share Insights
This section analyzes the strategies and performance of leading manufacturers in the global Solar Cells and Modules market, including portfolio focus, innovation and product development, mergers and acquisitions, collaborations, and geographic expansion used to sustain or enhance competitive positions. It also summarizes recent corporate developments and key financial indicators and provides global revenue, price, and sales volume data by manufacturer for 2020-2025, enabling benchmarking of scale, pricing, and market share and supporting assessment of market concentration through indicators such as CR5 and CR10.
Solar Cells and Modules Market by Company
JinkoSolar
LONGi
JA Solar
First Solar
Canadian Solar
Trina Solar
Hanwha Solutions
Risen Energy
Seraphim
SunPower
Chint Electrics
Solargiga
Shunfeng
LG Business Solutions
Jinergy
GCL System
EGing PV
Jolywood
Talesun Solar
Solar Cells and Modules Segment by Type
Mono-Si Modules
Multi-Si Modules
CdTe Modules
CIGS Modules
A-Si Modules
Others
Solar Cells and Modules Segment by Application
PV Power Station
Commercial
Residential
Others
Solar Cells and Modules Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Colombia
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Solar Cells and Modules market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Solar Cells and Modules and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market.
5. This report helps stakeholders to gain insights into which regions to target globally.
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Solar Cells and Modules.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Introduces the study scope of this report, executive summary of market segments by type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter 2: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Solar Cells and Modules manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Sales, revenue of Solar Cells and Modules in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter 5: Introduces market segments by application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter 12: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics.
Chapter 13: Concluding Insights of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Mono-Si Modules
- Multi-Si Modules
- CdTe Modules
- CIGS Modules
- A-Si Modules
- Others
Applications
- PV Power Station
- Commercial
- Residential
- Others
Companies covered
- JinkoSolar
- LONGi
- JA Solar
- First Solar
- Canadian Solar
- Trina Solar
- Hanwha Solutions
- Risen Energy
- Seraphim
- SunPower
- Chint Electrics
- Solargiga
- Shunfeng
- LG Business Solutions
- Jinergy
- GCL System
- EGing PV
- Jolywood
- Talesun Solar
Inside the report.
1 Market Overview
- 1.1 Product Definition
- 1.2 Global Market Growth Prospects
- 1.2.1 Global Solar Cells and Modules Market Size Estimates and Forecasts (2021-2032)
- 1.2.2 Global Solar Cells and Modules Sales Estimates and Forecasts (2021-2032)
- 1.3 Solar Cells and Modules Market by Type
- 1.3.1 Mono-Si Modules
- 1.3.2 Multi-Si Modules
- 1.3.3 CdTe Modules
- 1.3.4 CIGS Modules
- 1.3.5 A-Si Modules
- 1.3.6 Others
- 1.4 Global Solar Cells and Modules Market Size by Type
- 1.4.1 Global Solar Cells and Modules Market Size Overview by Type (2021-2032)
- 1.4.2 Global Solar Cells and Modules Historic Market Size Review by Type (2021-2026)
- 1.4.3 Global Solar Cells and Modules Forecasted Market Size by Type (2027-2032)
- 1.5 Key Regions Market Size by Type
- 1.5.1 North America Solar Cells and Modules Sales Breakdown by Type (2021-2026)
- 1.5.2 Europe Solar Cells and Modules Sales Breakdown by Type (2021-2026)
- 1.5.3 Asia-Pacific Solar Cells and Modules Sales Breakdown by Type (2021-2026)
- 1.5.4 South America Solar Cells and Modules Sales Breakdown by Type (2021-2026)
- 1.5.5 Middle East and Africa Solar Cells and Modules Sales Breakdown by Type (2021-2026)
2 Global Market Dynamics
- 2.1 Solar Cells and Modules Industry Trends
- 2.2 Solar Cells and Modules Industry Drivers
- 2.3 Solar Cells and Modules Industry Opportunities and Challenges
- 2.4 Solar Cells and Modules Industry Restraints
3 Market Competitive Landscape by Company
- 3.1 Global Top Players by Solar Cells and Modules Revenue (2021-2026)
- 3.2 Global Top Players by Solar Cells and Modules Sales (2021-2026)
- 3.3 Global Top Players by Solar Cells and Modules Price (2021-2026)
- 3.4 Global Solar Cells and Modules Industry Company Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Solar Cells and Modules Major Company Production Sites & Headquarters
- 3.6 Global Solar Cells and Modules Company, Product Type & Application
- 3.7 Global Solar Cells and Modules Company Establishment Date
- 3.8 Market Competitive Analysis
- 3.8.1 Global Solar Cells and Modules Market CR5 and HHI
- 3.8.2 Global Top 5 and 10 Solar Cells and Modules Players Market Share by Revenue in 2025
- 3.8.3 2025 Solar Cells and Modules Tier 1, Tier 2, and Tier 3
4 Solar Cells and Modules Regional Status and Outlook
- 4.1 Global Solar Cells and Modules Market Size and CAGR by Region: 2021 VS 2025 VS 2032
- 4.2 Global Solar Cells and Modules Historic Market Size by Region
- 4.2.1 Global Solar Cells and Modules Sales in Volume by Region (2021-2026)
- 4.2.2 Global Solar Cells and Modules Sales in Value by Region (2021-2026)
- 4.2.3 Global Solar Cells and Modules Sales (Volume & Value), Price and Gross Margin (2021-2026)
- 4.3 Global Solar Cells and Modules Forecasted Market Size by Region
- 4.3.1 Global Solar Cells and Modules Sales in Volume by Region (2027-2032)
- 4.3.2 Global Solar Cells and Modules Sales in Value by Region (2027-2032)
- 4.3.3 Global Solar Cells and Modules Sales (Volume & Value), Price and Gross Margin (2027-2032)
5 Solar Cells and Modules by Application
- 5.1 Solar Cells and Modules Market by Application
- 5.1.1 PV Power Station
- 5.1.2 Commercial
- 5.1.3 Residential
- 5.1.4 Others
- 5.2 Global Solar Cells and Modules Market Size by Application
- 5.2.1 Global Solar Cells and Modules Market Size Overview by Application (2021-2032)
- 5.2.2 Global Solar Cells and Modules Historic Market Size Review by Application (2021-2026)
- 5.2.3 Global Solar Cells and Modules Forecasted Market Size by Application (2027-2032)
- 5.3 Key Regions Market Size by Application
- 5.3.1 North America Solar Cells and Modules Sales Breakdown by Application (2021-2026)
- 5.3.2 Europe Solar Cells and Modules Sales Breakdown by Application (2021-2026)
- 5.3.3 Asia-Pacific Solar Cells and Modules Sales Breakdown by Application (2021-2026)
- 5.3.4 South America Solar Cells and Modules Sales Breakdown by Application (2021-2026)
- 5.3.5 Middle East and Africa Solar Cells and Modules Sales Breakdown by Application (2021-2026)
6 Company Profiles
- 6.1 JinkoSolar
- 6.1.1 JinkoSolar Company Information
- 6.1.2 JinkoSolar Business Overview
- 6.1.3 JinkoSolar Solar Cells and Modules Sales, Revenue and Gross Margin (2021-2026)
- 6.1.4 JinkoSolar Solar Cells and Modules Product Portfolio
- 6.1.5 JinkoSolar Recent Developments
- 6.2 LONGi
- 6.2.1 LONGi Company Information
- 6.2.2 LONGi Business Overview
- 6.2.3 LONGi Solar Cells and Modules Sales, Revenue and Gross Margin (2021-2026)
- 6.2.4 LONGi Solar Cells and Modules Product Portfolio
- 6.2.5 LONGi Recent Developments
- 6.3 JA Solar
- 6.3.1 JA Solar Company Information
- 6.3.2 JA Solar Business Overview
- 6.3.3 JA Solar Solar Cells and Modules Sales, Revenue and Gross Margin (2021-2026)
- 6.3.4 JA Solar Solar Cells and Modules Product Portfolio
- 6.3.5 JA Solar Recent Developments
- 6.4 First Solar
- 6.4.1 First Solar Company Information
- 6.4.2 First Solar Business Overview
- 6.4.3 First Solar Solar Cells and Modules Sales, Revenue and Gross Margin (2021-2026)
- 6.4.4 First Solar Solar Cells and Modules Product Portfolio
- 6.4.5 First Solar Recent Developments
- 6.5 Canadian Solar
- 6.5.1 Canadian Solar Company Information
- 6.5.2 Canadian Solar Business Overview
- 6.5.3 Canadian Solar Solar Cells and Modules Sales, Revenue and Gross Margin (2021-2026)
- 6.5.4 Canadian Solar Solar Cells and Modules Product Portfolio
- 6.5.5 Canadian Solar Recent Developments
- 6.6 Trina Solar
- 6.6.1 Trina Solar Company Information
- 6.6.2 Trina Solar Business Overview
- 6.6.3 Trina Solar Solar Cells and Modules Sales, Revenue and Gross Margin (2021-2026)
- 6.6.4 Trina Solar Solar Cells and Modules Product Portfolio
- 6.6.5 Trina Solar Recent Developments
- 6.7 Hanwha Solutions
- 6.7.1 Hanwha Solutions Company Information
- 6.7.2 Hanwha Solutions Business Overview
- 6.7.3 Hanwha Solutions Solar Cells and Modules Sales, Revenue and Gross Margin (2021-2026)
- 6.7.4 Hanwha Solutions Solar Cells and Modules Product Portfolio
- 6.7.5 Hanwha Solutions Recent Developments
- 6.8 Risen Energy
- 6.8.1 Risen Energy Company Information
- 6.8.2 Risen Energy Business Overview
- 6.8.3 Risen Energy Solar Cells and Modules Sales, Revenue and Gross Margin (2021-2026)
- 6.8.4 Risen Energy Solar Cells and Modules Product Portfolio
- 6.8.5 Risen Energy Recent Developments
- 6.9 Seraphim
- 6.9.1 Seraphim Company Information
- 6.9.2 Seraphim Business Overview
- 6.9.3 Seraphim Solar Cells and Modules Sales, Revenue and Gross Margin (2021-2026)
- 6.9.4 Seraphim Solar Cells and Modules Product Portfolio
- 6.9.5 Seraphim Recent Developments
- 6.10 SunPower
- 6.10.1 SunPower Company Information
- 6.10.2 SunPower Business Overview
- 6.10.3 SunPower Solar Cells and Modules Sales, Revenue and Gross Margin (2021-2026)
- 6.10.4 SunPower Solar Cells and Modules Product Portfolio
- 6.10.5 SunPower Recent Developments
- 6.11 Chint Electrics
- 6.11.1 Chint Electrics Company Information
- 6.11.2 Chint Electrics Business Overview
- 6.11.3 Chint Electrics Solar Cells and Modules Sales, Revenue and Gross Margin (2021-2026)
- 6.11.4 Chint Electrics Solar Cells and Modules Product Portfolio
- 6.11.5 Chint Electrics Recent Developments
- 6.12 Solargiga
- 6.12.1 Solargiga Company Information
- 6.12.2 Solargiga Business Overview
- 6.12.3 Solargiga Solar Cells and Modules Sales, Revenue and Gross Margin (2021-2026)
- 6.12.4 Solargiga Solar Cells and Modules Product Portfolio
- 6.12.5 Solargiga Recent Developments
- 6.13 Shunfeng
- 6.13.1 Shunfeng Company Information
- 6.13.2 Shunfeng Business Overview
- 6.13.3 Shunfeng Solar Cells and Modules Sales, Revenue and Gross Margin (2021-2026)
- 6.13.4 Shunfeng Solar Cells and Modules Product Portfolio
- 6.13.5 Shunfeng Recent Developments
- 6.14 LG Business Solutions
- 6.14.1 LG Business Solutions Company Information
- 6.14.2 LG Business Solutions Business Overview
- 6.14.3 LG Business Solutions Solar Cells and Modules Sales, Revenue and Gross Margin (2021-2026)
- 6.14.4 LG Business Solutions Solar Cells and Modules Product Portfolio
- 6.14.5 LG Business Solutions Recent Developments
- 6.15 Jinergy
- 6.15.1 Jinergy Company Information
- 6.15.2 Jinergy Business Overview
- 6.15.3 Jinergy Solar Cells and Modules Sales, Revenue and Gross Margin (2021-2026)
- 6.15.4 Jinergy Solar Cells and Modules Product Portfolio
- 6.15.5 Jinergy Recent Developments
- 6.16 GCL System
- 6.16.1 GCL System Company Information
- 6.16.2 GCL System Business Overview
- 6.16.3 GCL System Solar Cells and Modules Sales, Revenue and Gross Margin (2021-2026)
- 6.16.4 GCL System Solar Cells and Modules Product Portfolio
- 6.16.5 GCL System Recent Developments
- 6.17 EGing PV
- 6.17.1 EGing PV Company Information
- 6.17.2 EGing PV Business Overview
- 6.17.3 EGing PV Solar Cells and Modules Sales, Revenue and Gross Margin (2021-2026)
- 6.17.4 EGing PV Solar Cells and Modules Product Portfolio
- 6.17.5 EGing PV Recent Developments
- 6.18 Jolywood
- 6.18.1 Jolywood Company Information
- 6.18.2 Jolywood Business Overview
- 6.18.3 Jolywood Solar Cells and Modules Sales, Revenue and Gross Margin (2021-2026)
- 6.18.4 Jolywood Solar Cells and Modules Product Portfolio
- 6.18.5 Jolywood Recent Developments
- 6.19 Talesun Solar
- 6.19.1 Talesun Solar Company Information
- 6.19.2 Talesun Solar Business Overview
- 6.19.3 Talesun Solar Solar Cells and Modules Sales, Revenue and Gross Margin (2021-2026)
- 6.19.4 Talesun Solar Solar Cells and Modules Product Portfolio
- 6.19.5 Talesun Solar Recent Developments
7 North America by Country
- 7.1 North America Solar Cells and Modules Sales by Country
- 7.1.1 North America Solar Cells and Modules Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.1.2 North America Solar Cells and Modules Sales by Country (2021-2026)
- 7.1.3 North America Solar Cells and Modules Sales Forecast by Country (2027-2032)
- 7.2 North America Solar Cells and Modules Market Size by Country
- 7.2.1 North America Solar Cells and Modules Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.2.2 North America Solar Cells and Modules Market Size by Country (2021-2026)
- 7.2.3 North America Solar Cells and Modules Market Size Forecast by Country (2027-2032)
8 Europe by Country
- 8.1 Europe Solar Cells and Modules Sales by Country
- 8.1.1 Europe Solar Cells and Modules Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.1.2 Europe Solar Cells and Modules Sales by Country (2021-2026)
- 8.1.3 Europe Solar Cells and Modules Sales Forecast by Country (2027-2032)
- 8.2 Europe Solar Cells and Modules Market Size by Country
- 8.2.1 Europe Solar Cells and Modules Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.2.2 Europe Solar Cells and Modules Market Size by Country (2021-2026)
- 8.2.3 Europe Solar Cells and Modules Market Size Forecast by Country (2027-2032)
9 Asia-Pacific by Country
- 9.1 Asia-Pacific Solar Cells and Modules Sales by Country
- 9.1.1 Asia-Pacific Solar Cells and Modules Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.1.2 Asia-Pacific Solar Cells and Modules Sales by Country (2021-2026)
- 9.1.3 Asia-Pacific Solar Cells and Modules Sales Forecast by Country (2027-2032)
- 9.2 Asia-Pacific Solar Cells and Modules Market Size by Country
- 9.2.1 Asia-Pacific Solar Cells and Modules Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.2.2 Asia-Pacific Solar Cells and Modules Market Size by Country (2021-2026)
- 9.2.3 Asia-Pacific Solar Cells and Modules Market Size Forecast by Country (2027-2032)
10 South America by Country
- 10.1 South America Solar Cells and Modules Sales by Country
- 10.1.1 South America Solar Cells and Modules Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.1.2 South America Solar Cells and Modules Sales by Country (2021-2026)
- 10.1.3 South America Solar Cells and Modules Sales Forecast by Country (2027-2032)
- 10.2 South America Solar Cells and Modules Market Size by Country
- 10.2.1 South America Solar Cells and Modules Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.2.2 South America Solar Cells and Modules Market Size by Country (2021-2026)
- 10.2.3 South America Solar Cells and Modules Market Size Forecast by Country (2027-2032)
11 Middle East and Africa by Country
- 11.1 Middle East and Africa Solar Cells and Modules Sales by Country
- 11.1.1 Middle East and Africa Solar Cells and Modules Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.1.2 Middle East and Africa Solar Cells and Modules Sales by Country (2021-2026)
- 11.1.3 Middle East and Africa Solar Cells and Modules Sales Forecast by Country (2027-2032)
- 11.2 Middle East and Africa Solar Cells and Modules Market Size by Country
- 11.2.1 Middle East and Africa Solar Cells and Modules Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.2.2 Middle East and Africa Solar Cells and Modules Market Size by Country (2021-2026)
- 11.2.3 Middle East and Africa Solar Cells and Modules Market Size Forecast by Country (2027-2032)
12 Value Chain and Sales Channels Analysis
- 12.1 Solar Cells and Modules Value Chain Analysis
- 12.1.1 Solar Cells and Modules Key Raw Materials
- 12.1.2 Key Raw Materials Price
- 12.1.3 Raw Materials Key Suppliers
- 12.1.4 Manufacturing Cost Structure
- 12.1.5 Solar Cells and Modules Production Mode & Process
- 12.2 Solar Cells and Modules Sales Channels Analysis
- 12.2.1 Direct Comparison with Distribution Share
- 12.2.2 Solar Cells and Modules Distributors
- 12.2.3 Solar Cells and Modules Customers
13 Concluding Insights
14 Appendix
- 14.1 Reasons for Doing This Study
- 14.2 Research Methodology
- 14.3 Research Process
- 14.4 Authors List of This Report
- 14.5 Data Source
- 14.5.1 Secondary Sources
- 14.5.2 Primary Sources
- 14.6 Disclaimer
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