Solar Module Market Growth, Demand and Challenges of the Key Industry Players 2024-2032

The global solar module market size reached US$ 166.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 274.2 Billion by 2032, exhibiting a growth rate (CAGR) of 5.67% during 2024-2032.

More Info:- https://www.imarcgroup.com/solar-module-market

1. Global Solar Module Market Research and Forecast Report 2024-2032 Format: PDF+EXCEL © 2023 IMARC All Rights Reserved

2. About IMARC Group International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all regions and industry verticals to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.

3. Report Highlight and Description According to the latest report by IMARC Group, titled  "Solar Module Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032,"  the  global solar module market size reached US$ 166.9 Billion in 2023. Factors Affecting the Growth of the Solar Module Industry: Cost Reductions: As the cost of solar modules is decreasing, they are becoming more affordable for individuals, businesses, and governments, leading to higher adoption rates. This affordability makes solar energy accessible to a broader range of consumers, driving the market growth. As the cost of solar energy is decreasing, it becomes increasingly competitive with conventional energy sources, such as coal, natural gas, and nuclear power. This competitiveness encourages utilities, businesses, and homeowners to choose solar energy over traditional options, further expanding the market. Environmental Concerns: Solar energy is a clean and renewable energy source that generates electricity without emitting greenhouse gases or other pollutants. As concerns about climate change and air pollution are growing, there is increasing pressure to transition away from fossil fuels towards low-carbon alternatives like solar power.

4. Report Highlight and Description Solar energy relies on sunlight, which is abundant and inexhaustible compared to finite fossil fuel resources like coal, oil, and natural gas. By harnessing solar power, we can reduce our reliance on finite resources, promoting long-term sustainability and environmental conservation. Technological Advancements: Innovations in solar cell technologies, such as passivated emitter and rear cell (PERC) and bifacial cells, are leading to higher conversion efficiencies, allowing solar modules to generate more electricity from the same amount of sunlight. Higher efficiency modules can produce more power in less space, making them attractive for a wide range of applications, including residential, commercial, and utility-scale installations. Thin-film solar technologies, such as cadmium telluride ( CdTe ) and copper indium gallium selenide (CIGS), offer advantages such as flexibility, lightweight, and low manufacturing costs. Request for a PDF sample of this report: https://www.imarcgroup.com/solar-module-market/requestsample

5. Report Description Global Solar Module Market Trends : There is a noticeable trend towards the adoption of monocrystalline silicon modules due to their higher efficiency and energy yield compared to polycrystalline modules, driven by advancements in manufacturing processes and cost reductions. The integration of energy storage solutions with solar modules is becoming increasingly common, driven by the need to enhance grid stability, increase self-consumption of solar energy, and provide backup power during grid outages, shaping the market towards hybrid solar systems. Floating solar photovoltaic (PV) installations on water bodies, such as lakes, reservoirs, and ponds, are gaining traction as a space-efficient and environment-friendly solar solution, especially in areas with land constraints, offering new opportunities for market expansion. View Report TOC, Figures and Tables : https://www.imarcgroup.com/solar-module-market

6. Report Segmentation Breakup by Technology: Crystalline Silicon Monocrystalline Polycrystalline Thin Film Cadmium Telluride ( CdTe ) Amorphous Silicon (a-Si) Copper Indium Gallium Diselenide (CIGS) Breakup by Connectivity: On-Grid Off-Grid Breakup by Mounting: Ground Mounted

7. Report Segmentation Roof Top Breakup by End User: Residential Commercial Utility Breakup by Region: North America Europe Asia-Pacific Latin America Middle East and Africa

8. Competitive Landscape with Key Players Canadian Solar DelSolar Co. Ltd. First Solar Inc. GCL System Integration Technology Co. Ltd. Hanwha Group JinkoSolar Holding Co. Ltd. Kyocera Corporation REC Solar Holdings AS (Reliance New Energy Solar Limited) The Solaria Corporation Trina Solar Co. Ltd.

9. Key Questions Answered in the Report

10. Key Questions Answered in the Report

11. Table of Contents 1    Preface 2 Scope and Methodology 2.1 Objectives of the Study 2.2 Stakeholders 2.3 Data Sources 2.3.1 Primary Sources 2.3.2 Secondary Sources 2.4 Market Estimation 2.4.1 Bottom-Up Approach 2.4.2 Top-Down Approach 2.5 Forecasting Methodology 3 Executive Summary 4 Global Solar Module Market - Introduction 4.1 Overview 4.2 Market Dynamics 4.3 Industry Trends 4.4 Competitive Intelligence 5 Global Solar Module Market Landscape 5.1 Historical and Current Market Trends (2018-2023) 5.2 Market Forecast (2024-2032) 6 Global Solar Module Market - Breakup by Technology 6.1 Crystalline Silicon 6.1.1 Overview 6.1.2 Historical and Current Market Trends (2018-2023) 6.1.3 Market Segmentation 6.1.3.1 Monocrystalline 6.1.3.2 Polycrystalline 6.1.4 Market Forecast (2024-2032) 6.2 Thin Film 6.2.1 Overview 6.2.2 Historical and Current Market Trends (2018-2023)        

12. Table of Contents 6.2.3 Market Segmentation 6.2.3.1 Cadmium Telluride ( CdTe ) 6.2.3.2 Amorphous Silicon (a-Si) 6.2.3.3 Copper Indium Gallium Diselenide (CIGS) 6.2.4 Market Forecast (2024-2032) 6.3 Attractive Investment Proposition by Technology 7 Global Solar Module Market - Breakup by Connectivity 7.1 On-Grid 7.1.1 Overview 7.1.2 Historical and Current Market Trends (2018-2023) 7.1.3 Market Segmentation 7.1.4 Market Forecast (2024-2032) 7.2 Off-Grid 7.2.1 Overview 7.2.2 Historical and Current Market Trends (2018-2023) 7.2.3 Market Segmentation 7.2.4 Market Forecast (2024-2032) 7.3 Attractive Investment Proposition by Connectivity 8 Global Solar Module Market - Breakup by Mounting 8.1 Ground Mounted 8.1.1 Overview 8.1.2 Historical and Current Market Trends (2018-2023) 8.1.3 Market Segmentation 8.1.4 Market Forecast (2024-2032) 8.2 Roof Top 8.2.1 Overview 8.2.2 Historical and Current Market Trends (2018-2023) 8.2.3 Market Segmentation 8.2.4 Market Forecast (2024-2032) For more information, visit : https://www.imarcgroup.com/solar-module-market/toc

13. Partial List of Clients

14. Partial List of Clients

15. Disclaimer © 2024 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

16. Contact Us Visit us at : https://www.imarcgroup.com [phone] [email protected] Stay With Us: