PV Module Market

PV Module Market Analysis, Business Development, Size, Share, Trends, Future Growth, Forecast to 2030

A photovoltaic (in short PV) module is a packaged, connect assembly of typically 6×10 solar cells. Solar Photovoltaic panels constitute the solar array of a photovoltaic system that generates and supplies solar electricity in commercial and residential applications.

A silicon-based, stacked semiconductor module called a solar PV module can generate power from sunshine. The movement of electrons inside the module produces this photovoltaic effect, which can be enhanced by adding more sun exposure hours. Due to solar power’s capacity to achieve grid parity as existing energy resources and technology advancements employ sunlight as a source of energy to create direct current electricity through photovoltaic cells, solar PV modules have been dominating the renewable energy market in recent years.

The market for solar PV modules was estimated to be worth $127.9 billion globally in 2020; by 2030, it is anticipated to have grown to $260.2 billion, with a CAGR of 7.4%.

A solar PV module is a silicon-based, stacked semiconductor module that may produce electricity from sunlight. Photovoltaic (PV) modules use semiconducting materials that exhibit the photovoltaic effect to turn light into electricity. In photovoltaic systems, solar modules comprised of several solar cells are employed. Solar panels are a crucial component of the global shift to sustainable energy, which is required to reduce CO2 emissions and combat global warming.

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Key players covered:

Wuxi Suntech Power

AE Solar GmbH


Itek Energy

Leonics Company

Canadian Solar

First Solar

Jinko Solar

Trina Solar

GCL-Poly Energy Holdings

By types:

Ground Mounted

Pole Mounted


By Applications:




Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate PV Module Market in these regions:

  • North America (United States, Canada and Mexico)
  • Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
  • Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
  • South America (Brazil, Argentina, Columbia etc.)
  • Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Some points from Table of Content:

1 Market Overview

1.1 Product Definition and Market Characteristics

1.2 Global PV Module Market Size

1.3 Market Segmentation

1.4 Global Macroeconomic Analysis

1.5 SWOT Analysis

2 Market Dynamics

2.1 Market Drivers

2.2 Market Constraints and Challenges

2.3 Emerging Market Trends

2.4 Impact of COVID-19

2.4.1 Short-term Impact

2.4.2 Long-term Impact

3 Associated Industry Assessment

3.1 Supply Chain Analysis

3.2 Industry Active Participants

Frequently Asked Questions About This Report

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