Global Monocrystalline Solar Cell Mono Si Market
Market Size in USD Billion
CAGR :
% 
USD
4.10 Billion
USD
7.11 Billion
2021
2029
 Forecast Period |
2022 –2029 |
 Market Size (Base Year) |
USD 4.10 Billion |
 Market Size (Forecast Year) |
USD 7.11 Billion |
 CAGR |
% |
| Major Markets Players |
|
Global Monocrystalline Solar Cell (Mono-Si) Market, By Grid Type (Grid Connected, Off-Grid), Application (Residential, Commercial, Industrial, Power Utilities), Installation (Ground-Mount, Rooftop Solar PV), Technology (Crystalline Silicon Cells, Thin Film Cells, Ultra-Thin Film Cells) - Industry Trends and Forecast to 2029
Market Analysis and Size
Monocrystalline solar cell (Mono-Si) is being highly deployed throughout the world due to the rise in awareness among consumers regarding adverse environmental impacts of fossil fuels. This solar cell is one of the most widely used semiconductor material in photovoltaic (PV) technology.
Global Monocrystalline Solar Cell (Mono-Si) Market was valued at USD 4.1 billion in 2021 and is expected to reach USD 7.11 billion by 2029, registering a CAGR of 6.30% during the forecast period of 2022-2029. Thin Film Cells is expected to witness high growth in the technology segment owing to its added functionality. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Market Definition
These solar panels are generally made of a single crystal of pure silicon. They are manufactured from a cylindrical silicon ingot that is grown from a single crystal of silicon of great purity. The cylindrical ingot is sliced into wafers forming cells to maximize the cells' utility. These cells enhance efficiency between 18% to 24%.
Report Scope and Market Segmentation
|
Report Metric |
Details |
|
Forecast Period |
2022 to 2029 |
|
Base Year |
2021 |
|
Historic Years |
2020 (Customizable to 2019 - 2014) |
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Quantitative Units |
Revenue in USD Billion, Volumes in Units, Pricing in USD |
|
Segments Covered |
Grid Type (Grid Connected, Off-Grid), Application (Residential, Commercial, Industrial, Power Utilities), Installation (Ground-Mount, Rooftop Solar PV), Technology (Crystalline Silicon Cells, Thin Film Cells, Ultra-Thin Film Cells) |
|
Countries Covered |
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America. |
|
Market Players Covered |
First Solar. (US), SunPower Corporation (US), Suniva Inc (US), Tata Power Solar Systems Ltd. (India), SHARP CORPORATION (Japan), ALPS Technology Inc. (US), Solaris Technology Industry, Inc. (India), GREEN BRILLIANCE RENEWABLE ENERGY LLP (India), Trina Solar (China), Canadian Solar. (Canada), and sJinko Solar (China), among others |
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Market Opportunities |
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Monocrystalline Solar Cell (Mono-Si) Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Rise in Awareness regarding Adverse Environmental Impacts
The rise in awareness among buyers regarding adverse environmental impacts of non-renewable source-based power acts as one of the major factors driving the monocrystalline solar cell (Mono-Si) market. Also, increase in the dependence on unconventional sources of energy has a positive impact on the market.
- Modern Energy Services
The rise in economic growth and energy security accelerate the market growth. Also, increase in the need for reducing poverty and improving the quality of life with the help of modern energy services has assist in the expansion of the market.
- Increase in Solar System Installation
The increase in the number of installation of solar system further influence the market. The rise in demand of monocrystalline solar cell (Mono-Si) because of growing need to decline prices of solar cells modules drives the growth of the market.
Additionally, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the monocrystalline solar cell (Mono-Si) market.
Opportunities
Furthermore, recent technical advancements reducing production cost extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, improvement in infrastructure development activities will further expand the market.
Restraints/Challenges
On the other hand, low performance efficiency is expected to obstruct market growth. Also, fluctuations in the raw materials are projected to challenge the monocrystalline solar cell (Mono-Si) market in the forecast period of 2022-2029.
This monocrystalline solar cell (Mono-Si) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on monocrystalline solar cell (Mono-Si) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Monocrystalline Solar Cell (Mono-Si) Market
The COVID-19 had a negative impact on the monocrystalline solar cell (Mono-Si) market owing to the strict lockdowns and social distancing to contain the spread of the virus. The economic uncertainty, partial shutdown of the business and low consumer confidence impacted demand monocrystalline solar cell (Mono-Si) technology. The supply chain got hampered during the pandemic along with delay logistics activities. However, the monocrystalline solar cell (Mono-Si) market is expected to regain its pace during the post pandemic scenario due to the easing on the restrictions.
Global Monocrystalline Solar Cell (Mono-Si) Market Scope and Market Size
The monocrystalline solar cell (Mono-Si) market is segmented on the basis of grid type, application, technology and installation. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Grid Type
- Grid Connected
- Off-Grid
Application
- Residential
- Commercial
- Industrial
- Power Utilities
Technology
- Crystalline Silicon Cells
- Thin Film Cells
- Ultra-Thin Film Cells
Installation
- Ground-Mount
- Rooftop Solar PV
Monocrystalline Solar Cell (Mono-Si) Market Regional Analysis/Insights
The monocrystalline solar cell (Mono-Si) market is analysed and market size insights and trends are provided by country, grid type, application, technology and installation as referred above.
The countries covered in the monocrystalline solar cell (Mono-Si) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe dominates the monocrystalline solar cell (Mono-Si) market because of the high rate of implementation in BIPV and usage of the latest technologies within the region.
North America is expected to witness significant growth during the forecast period of 2022 to 2029 because of the surge in investments in the development of DSSC in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Monocrystalline Solar Cell (Mono-Si) Market
The monocrystalline solar cell (Mono-Si) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to monocrystalline solar cell (Mono-Si) market.
Some of the major players operating in monocrystalline solar cell (Mono-Si) market are
- First Solar. (US)
- SunPower Corporation (US)
- Suniva Inc (US)
- Tata Power Solar Systems Ltd. (India)
- SHARP CORPORATION (Japan)
- ALPS Technology Inc. (US)
- Solaris Technology Industry, Inc. (India)
- GREEN BRILLIANCE RENEWABLE ENERGY LLP (India)
- Trina Solar (China)
- Canadian Solar. (Canada)
- sJinko Solar (China)
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Table of Content
1 INTRODUCTION
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 OVERVIEW OF GLOBAL MONOCRYSTALLINE SOLAR CELL (MONO-SI) MARKET
1.4 CURRENCY AND PRICING
1.5 LIMITATION
1.6 MARKETS COVERED
2 MARKET SEGMENTATION
2.1 KEY TAKEAWAYS
2.2 ARRIVING AT THE GLOBAL MONOCRYSTALLINE SOLAR CELL (MONO-SI) MARKET
2.2.1 VENDOR POSITIONING GRID
2.2.2 TECHNOLOGY LIFE LINE CURVE
2.2.3 MARKET GUIDE
2.2.4 COMPANY POSITIONING GRID
2.2.5 COMAPANY MARKET SHARE ANALYSIS
2.2.6 MULTIVARIATE MODELLING
2.2.7 TOP TO BOTTOM ANALYSIS
2.2.8 STANDARDS OF MEASUREMENT
2.2.9 VENDOR SHARE ANALYSIS
2.2.10 DATA POINTS FROM KEY PRIMARY INTERVIEWS
2.2.11 DATA POINTS FROM KEY SECONDARY DATABASES
2.3 GLOBAL MONOCRYSTALLINE SOLAR CELL (MONO-SI) MARKET: RESEARCH SNAPSHOT
2.4 ASSUMPTIONS
3 MARKET OVERVIEW
3.1 DRIVERS
3.2 RESTRAINTS
3.3 OPPORTUNITIES
3.4 CHALLENGES
4 EXECUTIVE SUMMARY
5 PREMIUM INSIGHTS
5.1 PORTER’S FIVE FORCES ANALYSIS
5.2 REGULATORY STANDARDS
5.3 TECHNOLOGY TRENDS
5.4 COMPANY COMPARATIVE ANALYSIS
5.5 VALUE CHAIN ANALYSIS
6 GLOBAL MONOCRYSTALLINE SOLAR CELL (MONO-SI) MARKET, BY POWER WATTAGE
6.1 OVERVIEW
6.2 BELOW 25W
6.3 25 W-50 W
6.4 50W-100W
6.5 100 W-250W
6.6 MORE THAN 250 W
7 GLOBAL MONOCRYSTALLINE SOLAR CELL (MONO-SI) MARKET, BY INSTALLATION
7.1 OVERVIEW
7.2 ROOFTOP
7.3 GROUND-MOUNTED
8 GLOBAL MONOCRYSTALLINE SOLAR CELL (MONO-SI) MARKET, BY PANEL TYPE
8.1 OVERVIEW
8.2 SINGLE-SIDED MONO-SI PANELS
8.3 DOUBLE-SIDED MONO-SI PANELS
9 GLOBAL MONOCRYSTALLINE SOLAR CELL (MONO-SI) MARKET, BY GRID TYPE
9.1 OVERVIEW
9.2 GRID CONNECTED
9.3 OFF-GRID
10 GLOBAL MONOCRYSTALLINE SOLAR CELL (MONO-SI) MARKET, BY APPLICATION
10.1 OVERVIEW
10.2 RESIDENTIAL
10.2.1 BY ROOF TYPE
10.2.1.1. SMALL ROOF
10.2.1.2. LARGE ROOF
10.3 COMMERCIAL
10.4 INDUSTRIAL
10.4.1 BY TYPE
10.4.1.1. ELECTRONICS
10.4.1.2. AEROSPACE
10.4.1.3. AUTOMOTIVE
10.4.1.4. CONSTRUCTION
10.4.1.5. MARINE
10.4.1.6. CHEMICAL
10.4.1.7. GOVERNMENT AND DEFENCE
10.4.1.8. OTHERS
10.5 UTILITY-GRADE
11 GLOBAL MONOCRYSTALLINE SOLAR CELL (MONO-SI) MARKET, BY REGION
GLOBAL ENTERPRISE RISK MANAGEMENT MARKET, (ALL SEGMENTATION PROVIDED ABOVE IS REPRESENTED IN THIS CHAPTER BY COUNTRY)
11.1 NORTH AMERICA
11.1.1 U.S.
11.1.2 CANADA
11.1.3 MEXICO
11.2 EUROPE
11.2.1 GERMANY
11.2.2 FRANCE
11.2.3 U.K.
11.2.4 ITALY
11.2.5 SPAIN
11.2.6 RUSSIA
11.2.7 TURKEY
11.2.8 BELGIUM
11.2.9 NETHERLANDS
11.2.10 SWITZERLAND
11.2.11 SWEDEN
11.2.12 DENMARK
11.2.13 POLAND
11.2.14 REST OF EUROPE
11.3 ASIA PACIFIC
11.3.1 JAPAN
11.3.2 CHINA
11.3.3 SOUTH KOREA
11.3.4 INDIA
11.3.5 AUSTRALIA AND NEW ZEALAND
11.3.6 SINGAPORE
11.3.7 THAILAND
11.3.8 MALAYSIA
11.3.9 INDONESIA
11.3.10 PHILIPPINES
11.3.11 TAIWAN
11.3.12 VIETNAM
11.3.13 REST OF ASIA PACIFIC
11.4 SOUTH AMERICA
11.4.1 BRAZIL
11.4.2 ARGENTINA
11.4.3 REST OF SOUTH AMERICA
11.5 MIDDLE EAST AND AFRICA
11.5.1 SOUTH AFRICA
11.5.2 SAUDI ARABIA
11.5.3 EGYPT
11.5.4 ISRAEL
11.5.5 KUWAIT
11.5.6 QATAR
11.5.7 REST OF MIDDLE EAST AND AFRICA
11.6 KEY PRIMARY INSIGHTS: BY MAJOR COUNTRIES
12 GLOBAL MONOCRYSTALLINE SOLAR CELL (MONO-SI) MARKET,COMPANY LANDSCAPE
12.1 COMPANY SHARE ANALYSIS: GLOBAL
12.2 COMPANY SHARE ANALYSIS: NORTH AMERICA
12.3 COMPANY SHARE ANALYSIS: ASIA-PACIFIC
12.4 COMPANY SHARE ANALYSIS: EUROPE
12.5 MERGERS & ACQUISITIONS
12.6 NEW PRODUCT DEVELOPMENT AND APPROVALS
12.7 EXPANSIONS
12.8 REGULATORY CHANGES
12.9 PARTNERSHIP AND OTHER STRATEGIC DEVELOPMENTS
13 GLOBAL MONOCRYSTALLINE SOLAR CELL (MONO-SI) MARKET, SWOT & DBMR ANALYSIS
14 GLOBAL MONOCRYSTALLINE SOLAR CELL (MONO-SI) MARKET, COMPANY PROFILE
14.1 LONGI
14.1.1 COMPANY SNAPSHOT
14.1.2 REVENUE ANALYSIS
14.1.3 GEOGRAPHIC PRESENCE
14.1.4 PRODUCT PORTFOLIO
14.1.5 RECENT DEVELOPMENTS
14.2 JINKO SOLAR
14.2.1 COMPANY SNAPSHOT
14.2.2 REVENUE ANALYSIS
14.2.3 GEOGRAPHIC PRESENCE
14.2.4 PRODUCT PORTFOLIO
14.2.5 RECENT DEVELOPMENTS
14.3 TRINA SOLAR
14.3.1 COMPANY SNAPSHOT
14.3.2 REVENUE ANALYSIS
14.3.3 GEOGRAPHIC PRESENCE
14.3.4 PRODUCT PORTFOLIO
14.3.5 RECENT DEVELOPMENTS
14.4 HANWHA Q CELLS
14.4.1 COMPANY SNAPSHOT
14.4.2 REVENUE ANALYSIS
14.4.3 GEOGRAPHIC PRESENCE
14.4.4 PRODUCT PORTFOLIO
14.4.5 RECENT DEVELOPMENTS
14.5 REC GROUP
14.5.1 COMPANY SNAPSHOT
14.5.2 REVENUE ANALYSIS
14.5.3 GEOGRAPHIC PRESENCE
14.5.4 PRODUCT PORTFOLIO
14.5.5 RECENT DEVELOPMENTS
14.6 RHINE SOLAR LTD.
14.6.1 COMPANY SNAPSHOT
14.6.2 REVENUE ANALYSIS
14.6.3 GEOGRAPHIC PRESENCE
14.6.4 PRODUCT PORTFOLIO
14.6.5 RECENT DEVELOPMENTS
14.7 SUNIVA INC
14.7.1 COMPANY SNAPSHOT
14.7.2 REVENUE ANALYSIS
14.7.3 GEOGRAPHIC PRESENCE
14.7.4 PRODUCT PORTFOLIO
14.7.5 RECENT DEVELOPMENTS
14.8 AMERISOLAR
14.8.1 COMPANY SNAPSHOT
14.8.2 REVENUE ANALYSIS
14.8.3 GEOGRAPHIC PRESENCE
14.8.4 PRODUCT PORTFOLIO
14.8.5 RECENT DEVELOPMENTS
14.9 LG ELECTRONICS
14.9.1 COMPANY SNAPSHOT
14.9.2 REVENUE ANALYSIS
14.9.3 GEOGRAPHIC PRESENCE
14.9.4 PRODUCT PORTFOLIO
14.9.5 RECENT DEVELOPMENTS
14.1 SHARP ELECTRONICS
14.10.1 COMPANY SNAPSHOT
14.10.2 REVENUE ANALYSIS
14.10.3 GEOGRAPHIC PRESENCE
14.10.4 PRODUCT PORTFOLIO
14.10.5 RECENT DEVELOPMENTS
14.11 WUXI SUNKET NEW ENERGY TECHNOLOGY CO.,LTD
14.11.1 COMPANY SNAPSHOT
14.11.2 REVENUE ANALYSIS
14.11.3 GEOGRAPHIC PRESENCE
14.11.4 PRODUCT PORTFOLIO
14.11.5 RECENT DEVELOPMENTS
14.12 SILFAB SOLAR INC.
14.12.1 COMPANY SNAPSHOT
14.12.2 REVENUE ANALYSIS
14.12.3 GEOGRAPHIC PRESENCE
14.12.4 PRODUCT PORTFOLIO
14.12.5 RECENT DEVELOPMENTS
14.13 ARGRAY
14.13.1 COMPANY SNAPSHOT
14.13.2 REVENUE ANALYSIS
14.13.3 GEOGRAPHIC PRESENCE
14.13.4 PRODUCT PORTFOLIO
14.13.5 RECENT DEVELOPMENTS
14.14 PICKCELLGROUP
14.14.1 COMPANY SNAPSHOT
14.14.2 REVENUE ANALYSIS
14.14.3 GEOGRAPHIC PRESENCE
14.14.4 PRODUCT PORTFOLIO
14.14.5 RECENT DEVELOPMENTS
14.15 JENSYS POWER TECHNOLOGY CO.,LIMITED
14.15.1 COMPANY SNAPSHOT
14.15.2 REVENUE ANALYSIS
14.15.3 GEOGRAPHIC PRESENCE
14.15.4 PRODUCT PORTFOLIO
14.15.5 RECENT DEVELOPMENTS
14.16 NEXA SOLAR
14.16.1 COMPANY SNAPSHOT
14.16.2 REVENUE ANALYSIS
14.16.3 GEOGRAPHIC PRESENCE
14.16.4 PRODUCT PORTFOLIO
14.16.5 RECENT DEVELOPMENTS
14.17 SUNPRO POWER CO.,LTD.
14.17.1 COMPANY SNAPSHOT
14.17.2 REVENUE ANALYSIS
14.17.3 GEOGRAPHIC PRESENCE
14.17.4 PRODUCT PORTFOLIO
14.17.5 RECENT DEVELOPMENTS
14.18 PAHAL SOLAR
14.18.1 COMPANY SNAPSHOT
14.18.2 REVENUE ANALYSIS
14.18.3 GEOGRAPHIC PRESENCE
14.18.4 PRODUCT PORTFOLIO
14.18.5 RECENT DEVELOPMENTS
14.19 ZHEJIANG DONGSHUO NEW ENERGY CO,LTD
14.19.1 COMPANY SNAPSHOT
14.19.2 REVENUE ANALYSIS
14.19.3 GEOGRAPHIC PRESENCE
14.19.4 PRODUCT PORTFOLIO
14.19.5 RECENT DEVELOPMENTS
14.2 XIAMEN SEASHINE FOREST INDUSTRY AND TRADE CO., LTD.
14.20.1 COMPANY SNAPSHOT
14.20.2 REVENUE ANALYSIS
14.20.3 GEOGRAPHIC PRESENCE
14.20.4 PRODUCT PORTFOLIO
14.20.5 RECENT DEVELOPMENTS
14.21 SUNWATTS
14.21.1 COMPANY SNAPSHOT
14.21.2 REVENUE ANALYSIS
14.21.3 GEOGRAPHIC PRESENCE
14.21.4 PRODUCT PORTFOLIO
14.21.5 RECENT DEVELOPMENTS
14.22 AMSO SOLAR TECHNOLOGY CO., LTD.
14.22.1 COMPANY SNAPSHOT
14.22.2 REVENUE ANALYSIS
14.22.3 GEOGRAPHIC PRESENCE
14.22.4 PRODUCT PORTFOLIO
14.22.5 RECENT DEVELOPMENTS
NOTE: THE COMPANIES PROFILED IS NOT EXHAUSTIVE LIST AND IS AS PER OUR PREVIOUS CLIENT REQUIREMENT. WE PROFILE MORE THAN 100 COMPANIES IN OUR STUDY AND HENCE THE LIST OF COMPANIES CAN BE MODIFIED OR REPLACED ON REQUEST
15 CONCLUSION
16 RELATED REPORTS
17 ABOUT DATA BRIDGE MARKET RESEARCH
Global Monocrystalline Solar Cell Mono Si Market, Supply Chain Analysis and Ecosystem Framework
To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its Global Monocrystalline Solar Cell Mono Si Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as Global Monocrystalline Solar Cell Mono Si Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.
Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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