Global Crystalline Silicon PV Market has valued US$ 92 Bn and is estimated to reach US$ 310 Bn by 2026 at a CAGR of 16.5 % during the forecast.
Global crystalline silicon PV market is segmented by type, by end use, and by region. Mono-crystalline and multi-crystalline are product segment of the global crystalline silicon PV market. Based on end-user, global crystalline silicon PV market is classified into residential and commercial, utility-scale. Geographically, global crystalline silicon PV market is divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
Crystalline silicon PV is the only long-term sustainable, environment-friendly, inexpensive renewable energy source to replace fossil fuels. Robust demand for renewable energy, increase in electricity demand and limited availability of fossil fuels favored with strict government regulations on carbon emission drives the crystalline silicon PV market. Crystalline silicon PV dominates 90 % of the market. Industrial development of silicone PV has been favored by cost reduction in order to compete with fossil fuels thereby accelerating market growth.
Multi-crystalline silicone also known as polysilicon segment constitute more than 60% of the global market share of crystalline silicon. However, monocrystalline is foreseen to gain growth due to the introduction of the new technologies of continuous fast pulling monocrystalline silicon and diamond wire cutting silicon wafer and the cost of a monocrystalline silicon wafer is approaching than that of polysilicon. Monocrystalline silicon is observed to be the material of choice for PV panels owing to their higher efficiency compared to polycrystalline silicon.
Utility-scale dominated the crystalline silicon PV market in 2017 and will continue its dominance throughout the forecast. In 2017, 60 % of all solar capacity installed was utility-scale and will account for two-thirds of all solar capacity by 2026. The cost to install solar has dropped by more than 70% since 2010, leading the industry to expand. Residential segment is projected to gain growth due to lucrative price reduction record.
Asia-Pacific crystalline silicon PV market is estimated to have the growth at a faster pace during the forecast period due to strong government support and pressure of reducing carbon emission. Asia Pacific is the major contributor to carbon emissions. Asia-Pacific is identified as a most lucrative market for crystalline silicon PV. Growth is driven by countries such as China, India, Japan, and Australia, which is supported by the increasing government policy and promotional measures for natural energy.
Hanwha Q CELLS Co., Ltd., Solar World AG, Canadian Solar Inc., and Sun Power Corporation, First Solar, Yingli, Hanwha Q-Cell, SFCE, ReneSola, SunPower, Vikram Solar, Lanco, Su Kam are key players of Global Crystalline Silicon PV Market.
Scope of the Global Crystalline Silicon PV Market
Global Crystalline Silicon PV Market, by Product:
• Mono-Crystalline
• Multi-Crystalline
Global Crystalline Silicon PV Market, by End Use:
• Residential
• Commercial
• Utility-Scale
Global Crystalline Silicon PV Market by Region:
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America
Key Player analysed in Global crystalline silicon PV market:
• Hanwha Q CELLS Co., Ltd.
• Solar World AG
• Canadian Solar Inc.
• Sun Power Corporation
• First Solar
• Yingli
• Hanwha Q-Cell
• SFCE
• ReneSola
• SunPower
• Vikram Solar
• Lanco
• Su Kam
1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
1.3. Research Objectives
1.4. Key Questions Answered
2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations Used
2.3. Research Methodology
3. Executive Summary
3.1. Global Crystalline Silicon PV Market Size, By Market Value (US$ Mn) and Market, By Region
4. Market Overview
4.1. Introduction
4.2. Market Indicator
4.3. Drivers and Restraints Snapshot Analysis
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.3.4. Porter’s Analysis
4.3.5. Value Chain Analysis
4.3.6. SWOT Analysis
4.3.7. Key Trend in Global Crystalline Silicon PV Market
5. Global Crystalline Silicon PV Market Analysis and Forecast
5.1. Global Crystalline Silicon PV Market Analysis and Forecast
5.2. Global Crystalline Silicon PV Market Size & Y-o-Y Growth Analysis
5.2.1. North America
5.2.2. Europe
5.2.3. Asia Pacific
5.2.4. Middle East & Africa
5.2.5. Latin America
6. Global Crystalline Silicon PV Market Analysis and Forecast, By Product Type
6.1. Introduction and Definition
6.2. Key Findings
6.3. Global Crystalline Silicon PV Market Value Share Analysis, By Product Type
6.4. Global Crystalline Silicon PV Market Size (US$ Mn) Forecast, By Product Type
6.5. Global Crystalline Silicon PV Market Analysis, By Product Type
6.6. Global Crystalline Silicon PV Market Attractiveness Analysis, By Product Type
7. Global Crystalline Silicon PV Market Analysis and Forecast, By End Use Type
7.1. Introduction and Definition
7.2. Key Findings
7.3. Global Crystalline Silicon PV Market Value Share Analysis, By End Use Type
7.4. Global Crystalline Silicon PV Market Size (US$ Mn) Forecast, By End Use Type
7.5. Global Crystalline Silicon PV Market Analysis, By End Use Type
7.6. Global Crystalline Silicon PV Market Attractiveness Analysis, By End Use Type
8. Global Crystalline Silicon PV Market Analysis, By Region
8.1. Key Findings
8.2. Global Crystalline Silicon PV Market Value Share Analysis, By Region
8.3. Global Crystalline Silicon PV Market Size (US$ Mn) Forecast, By Region
8.4. Global Crystalline Silicon PV Market Analysis, By Region
8.5. Global Crystalline Silicon PV Market Attractiveness Analysis, By Region
9. North America Crystalline Silicon PV Market Analysis
9.1. North America Crystalline Silicon PV Market Overview
9.2. North America Crystalline Silicon PV Market Value Share Analysis, By Product Type
9.3. North America Crystalline Silicon PV Market Forecast, By Product Type
9.3.1. Mono crystalline
9.3.2. Multi Crystalline
9.4. North America Crystalline Silicon PV Market Value Share Analysis, By End Use Type
9.5. North America Crystalline Silicon PV Market Forecast, By End Use Type
9.5.1. Residential
9.5.2. Commercial
9.5.3. Utility-Scale
9.6. North America Crystalline Silicon PV Market Value Share Analysis, By Country
9.7. North America Crystalline Silicon PV Market Forecast, By Country
9.7.1. U.S.
9.7.2. Canada.
9.8. U.S. Crystalline Silicon PV Market Forecast, By Product Type
9.8.1. Mono crystalline
9.8.2. Multi Crystalline
9.9. U.S. Crystalline Silicon PV Market Forecast, By End Use Type
9.9.1. Residential
9.9.2. Commercial
9.9.3. Utility-Scale
9.10. Canada Crystalline Silicon PV Market Forecast, By Product Type
9.10.1. Mono crystalline
9.10.2. Multi Crystalline
9.11. Canada Crystalline Silicon PV Market Forecast, By End Use Type
9.11.1. Residential
9.11.2. Commercial
9.11.3. Utility-Scale
9.12. North America Crystalline Silicon PV Market Attractiveness Analysis
9.12.1. By Product Type
9.12.2. By End Use Type
9.13. PEST Analysis
10. Europe Crystalline Silicon PV Market Analysis
10.1. Key Findings
10.2. Europe Crystalline Silicon PV Market Overview By Product Type
10.3. Europe Crystalline Silicon PV Market Value Share Analysis, By Product Type
10.4. Europe Crystalline Silicon PV Market Forecast, By Product Type
10.4.1. Mono crystalline
10.4.2. Multi Crystalline
10.5. Europe Crystalline Silicon PV Market Value Share Analysis, By End Use Type
10.6. Europe Crystalline Silicon PV Market Forecast, By End Use Type
10.6.1. Residential
10.6.2. Commercial
10.6.3. Utility-Scale
10.7. Europe Crystalline Silicon PV Market Forecast, By Country
10.7.1. Germany
10.7.2. U.K.
10.7.3. France
10.7.4. Italy
10.7.5. Spain
10.7.6. Rest of Europe
10.8. Europe Crystalline Silicon PV Market Analysis, By Country/ Sub-region
10.9. Germany Crystalline Silicon PV Market Forecast, By Product Type
10.9.1. Mono crystalline
10.9.2. Multi Crystalline
10.10. Germany Crystalline Silicon PV Market Forecast, By End Use Type
10.10.1. Residential
10.10.2. Commercial
10.10.3. Utility-Scale
10.11. U.K. Crystalline Silicon PV Market Forecast, By Product Type
10.11.1. Mono crystalline
10.11.2. Multi Crystalline
10.12. U.K. Crystalline Silicon PV Market Forecast, By End Use Type
10.12.1. Residential
10.12.2. Commercial
10.12.3. Utility-Scale
10.13. France Crystalline Silicon PV Market Forecast, By Product Type
10.13.1. Mono crystalline
10.13.2. Multi Crystalline
10.14. France Crystalline Silicon PV Market Forecast, By End Use Type
10.14.1. Residential
10.14.2. Commercial
10.14.3. Utility-Scale
10.15. Italy Crystalline Silicon PV Market Forecast, By Product Type
10.15.1. Mono crystalline
10.15.2. Multi Crystalline
10.16. Italy Crystalline Silicon PV Market Forecast, By End Use Type
10.16.1. Residential
10.16.2. Commercial
10.16.3. Utility-Scale
10.17. Spain Crystalline Silicon PV Market Forecast, By Product Type
10.17.1. Mono crystalline
10.17.2. Multi Crystalline
10.18. Spain Crystalline Silicon PV Market Forecast, By End Use Type
10.18.1. Residential
10.18.2. Commercial
10.18.3. Utility-Scale
10.19. Rest of Europe Crystalline Silicon PV Market Forecast, By Product Type
10.19.1. Mono crystalline
10.19.2. Multi Crystalline
10.20. Rest of Europe Crystalline Silicon PV Market Forecast, By End Use
10.20.1. Residential
10.20.2. Commercial
10.20.3. Utility-Scale
10.21. Europe Crystalline Silicon PV Market Attractiveness Analysis
10.21.1. By Product Type
10.21.2. By End Use Type
10.22. PEST Analysis
11. Asia Pacific Crystalline Silicon PV Market Analysis
11.1. Key Findings
11.2. Asia Pacific Crystalline Silicon PV Market Overview
11.3. Asia Pacific Crystalline Silicon PV Market Value Share Analysis, By Product Type
11.4. Asia Pacific Crystalline Silicon PV Market Forecast, By Product Type
11.4.1. Mono crystalline
11.4.2. Multi Crystalline
11.5. Asia Pacific Crystalline Silicon PV Market Value Share Analysis, By End Use Type
11.6. Asia Pacific Crystalline Silicon PV Market Forecast, By End Use Type
11.6.1. Residential
11.6.2. Commercial
11.6.3. Utility-Scale
11.7. Asia Pacific Crystalline Silicon PV Market Value Share Analysis, By Country
11.8. Asia Pacific Crystalline Silicon PV Market Forecast, By Country
11.8.1. China.
11.8.2. India.
11.8.3. Japan.
11.8.4. ASEAN.
11.8.5. Rest of Asia Pacific.
11.9. Asia Pacific Crystalline Silicon PV Market Analysis, By Country/ Sub-region
11.10. China Crystalline Silicon PV Market Forecast, By Product Type
11.10.1. Mono crystalline
11.10.2. Multi Crystalline
11.11. China Crystalline Silicon PV Market Forecast, By End Use Type
11.11.1. Residential
11.11.2. Commercial
11.11.3. Utility-Scale
11.12. India Crystalline Silicon PV Market Forecast, By End Use Type
11.12.1. Residential
11.12.2. Commercial
11.12.3. Utility-Scale
11.13. India Crystalline Silicon PV Market Forecast, By Product Type
11.13.1. Mono crystalline
11.13.2. Multi Crystalline
11.14. Japan Crystalline Silicon PV Market Forecast, By End Use Type
11.14.1. Residential
11.14.2. Commercial
11.14.3. Utility-Scale
11.15. Japan Crystalline Silicon PV Market Forecast, By Product Type
11.15.1. Mono crystalline
11.15.2. Multi Crystalline
11.16. ASEAN Crystalline Silicon PV Market Forecast, By Product Type
11.16.1. Mono crystalline
11.16.2. Multi Crystalline
11.17. ASEAN Crystalline Silicon PV Market Forecast, By End Use Type
11.17.1. Residential
11.17.2. Commercial
11.17.3. Utility-Scale
11.18. Rest of Asia Pacific Crystalline Silicon PV Market Forecast, By Product Type
11.18.1. Mono crystalline
11.18.2. Multi Crystalline
11.19. Rest of Asia Pacific Crystalline Silicon PV Market Forecast, By End Use Type
11.19.1. Residential
11.19.2. Commercial
11.19.3. Utility-Scale
11.20. Asia Pacific Crystalline Silicon PV Market Attractiveness Analysis
11.20.1. By Product Type
11.20.2. By End Use Type
11.21. PEST Analysis
12. Middle East & Africa Crystalline Silicon PV Market Analysis
12.1. Key Findings
12.2. Middle East & Africa Crystalline Silicon PV Market Overview
12.3. Middle East & Africa Crystalline Silicon PV Market Value Share Analysis, By Product Type
12.4. Middle East & Africa Crystalline Silicon PV Market Forecast, By Product Type
12.4.1. Mono crystalline
12.4.2. Multi Crystalline
12.5. Middle East & Africa Crystalline Silicon PV Market Value Share Analysis, By End Use Type
12.6. Middle East & Africa Crystalline Silicon PV Market Forecast, By End Use Type
12.6.1. Residential
12.6.2. Commercial
12.6.3. Utility-Scale
12.7. Middle East & Africa Crystalline Silicon PV Market Value Share Analysis, By Country
12.8. Middle East & Africa Crystalline Silicon PV Market Forecast, By Country
12.8.1. GCC.
12.8.2. South Africa.
12.8.3. Rest of Middle East & Africa.
12.9. Middle East & Africa Crystalline Silicon PV Market Analysis, By Country/ Sub-region
12.10. GCC Crystalline Silicon PV Market Forecast, By Product Type
12.10.1. Mono crystalline
12.10.2. Multi Crystalline
12.11. GCC Crystalline Silicon PV Market Forecast, By End Use Type
12.11.1. Residential
12.11.2. Commercial
12.11.3. Utility-Scale
12.12. South Africa Crystalline Silicon PV Market Forecast, By Product Type
12.12.1. Mono crystalline
12.12.2. Multi Crystalline
12.13. South Africa Crystalline Silicon PV Market Forecast, By End Use Type
12.13.1. Residential
12.13.2. Commercial
12.13.3. Utility-Scale
12.14. Rest of Middle East & Africa Crystalline Silicon PV Market Forecast, By Product Type
12.14.1. Mono crystalline
12.14.2. Multi Crystalline
12.15. Rest of Middle East & Africa Crystalline Silicon PV Market Forecast, By End Use Type
12.15.1. Residential
12.15.2. Commercial
12.15.3. Utility-Scale
12.16. Middle East & Africa Crystalline Silicon PV Market Attractiveness Analysis
12.16.1. By Product Type
12.16.2. By End Use Type
12.17. PEST Analysis
13. Latin America Crystalline Silicon PV Market Analysis
13.1. Key Findings
13.2. Latin America Crystalline Silicon PV Market Overview
13.3. Latin America Crystalline Silicon PV Market Value Share Analysis, By Product Type
13.4. Latin America Crystalline Silicon PV Market Forecast, By Product Type
13.4.1. Mono crystalline
13.4.2. Multi Crystalline
13.5. Latin America Crystalline Silicon PV Market Value Share Analysis, By Product Type
13.6. Latin America Crystalline Silicon PV Market Forecast, By Product Type
13.6.1. Residential
13.6.2. Commercial
13.6.3. Utility-Scale
13.7. Latin America Crystalline Silicon PV Market Value Share Analysis, By Country
13.8. Latin America Crystalline Silicon PV Market Forecast, By Country
13.8.1. Brazil.
13.8.2. Mexico.
13.8.3. Rest of Latin America.
13.9. Latin America Crystalline Silicon PV Market Analysis, By Country/ Sub-region
13.10. Brazil Crystalline Silicon PV Market Forecast, By Product Type
13.10.1. Mono crystalline
13.10.2. Multi Crystalline
13.11. Brazil Crystalline Silicon PV Market Forecast, By End Use Type
13.11.1. Residential
13.11.2. Commercial
13.11.3. Utility-Scale
13.12. Mexico Crystalline Silicon PV Market Forecast, By Product Type
13.12.1. Mono crystalline
13.12.2. Multi Crystalline
13.13. Mexico Crystalline Silicon PV Market Forecast, By End Use Type
13.13.1. Residential
13.13.2. Commercial
13.13.3. Utility-Scale
13.14. Rest of Latin America Crystalline Silicon PV Market Forecast, By Product Type
13.14.1. Agriculture
13.14.2. Multi Crystalline
13.15. Latin America Crystalline Silicon PV Market Attractiveness Analysis
13.15.1. By Product Type
13.15.2. By End Use Type
13.16. PEST Analysis
14. Company Profiles
14.1. Market Share Analysis, By Company
14.2. Competition Matrix
14.3. Company Profiles: Key Player
14.4. Solar World AG
14.4.1. Company Overview
14.4.2. Financial Overview
14.4.3. Business Strategy
14.4.4. Recent Developments
14.4.5. Manufacturing Footprint
14.5. Hanwha Q CELLS Co., Ltd.
14.6. Canadian Solar Inc.
14.7. Sun Power Corporation
14.8. First Solar
14.9. Yingli
14.10. Hanwha Q-Cell
14.11. SFCE
14.12. ReneSola
14.13. SunPower
14.14. Vikram Solar
14.15. Lanco
14.16. Su Kam
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