Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • +44 (0)20 7454 5110
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All Public Company News
      • All Multimedia News
      • View All News Releases

      • Regulatory News

      • D/A/CH Regulatory News
      • UK Regulatory News
      • View All Regulatory News

  • Business & Money
      • Auto & Transportation

      • Aerospace & Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads & Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking & Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers & Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalisation
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls & Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil & Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defence
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation & Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking & Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers & Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines & Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics & Personal Care
      • Fashion
      • Food & Beverages
      • Furniture & Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewellery
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks & Tourist Attractions
      • Gambling & Casinos
      • Hotels & Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Animal Welfare
      • Corporate Social Responsibility
      • Economic News, Trends & Analysis
      • Education
      • Environmental
      • European Government
      • Labour & Union
      • Natural Disasters
      • Not For Profit
      • Public Safety
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Overview
  • Distribution
  • Paid Placement
  • Multichannel Amplification
  • Disclosure Services
  • SocialBoost
  • Rooms
    • MediaRoom
    • ESG Rooms
  • AI Tools
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Hamburger menu
  • Cision PR Newswire UK provides press release distribution, targeting, monitoring, and marketing services
  • Send a Release
    • Phone

    • +44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT

    • ALL CONTACT INFO
    • Contact Us

      +44 (0)20 7454 5110
      from 8 AM - 5:30 PM GMT

  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • News in Focus
    • Browse News Releases
    • Regulatory News
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • Overview
  • Distribution
  • Paid Placement
  • Multichannel Amplification
  • Disclosure Services
  • Cision Communications Cloud®
  • AI Tools
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists

Crystalline Silicon PV Cell Market to Reach $52.8 Billion, Globally, by 2033 at 3.9% CAGR: Allied Market Research

This image opens in the lightbox

News provided by

Allied Market Research

15 Aug, 2024, 04:30 GMT

Share this article

Share toX

Share this article

Share toX

The global crystalline silicon PV cell market is propelled by rise in adoption of highly efficient solar cells for producing solar panels that can be used in a wide range of residential, commercial, and utility-scale facilities. Factors such as rise in consumer awareness, regulatory initiatives, technological advancements, sustainability trends, market consolidation, and geographical expansion contribute to the dynamic growth of the crystalline silicon PV cell market. 

WILMINGTON, Del., Aug. 15, 2024 /PRNewswire/ -- Allied Market Research published a report, titled, "Crystalline Silicon PV Cell Market by Type (Mono Crystalline and Multi/Poly Crystalline) and Application (Commercial, Residential and Utility Scale): Global Opportunity Analysis and Industry Forecast, 2024-2033". According to the report, the crystalline silicon PV cell market was valued at $35.5 billion in 2023, and is estimated to reach $52.8 billion by 2033, growing at a CAGR of 3.9% from 2024 to 2033.

Download PDF Brochure: https://www.alliedmarketresearch.com/request-sample/A186878 

Prime determinants of growth 

The global crystalline silicon PV cell market is driven by rise in government incentives provided in countries such as India, China, and others for installation crystalline silicon-based PV cell in different facilities. For instance, in February 2024, the Prime Minister of India launched the PM Surya Ghar Muft Bijli Yojana for installing solar panels on rooftops. Furthermore, the Indian government is providing several subsidies over purchase of solar panels. This factor has surged the adoption of crystallized silicon PV cell-based solar panels across both residential and commercial facilities; thus, fueling the growth of the crystalline silicon PV cell market However, high initial costs of crystalline silicon PV cells may restrain the growth of the crystalline silicon PV cell market. 

Report coverage & details: 

Report Coverage 

Details 

Forecast Period 

2024–2033 

Base Year 

2023

Market Size in 2023 

$35.5 billion 

Market Size in 2033 

$52.8 billion 

CAGR 

3.9 %

No. of Pages in Report 

350

Segments covered 

Type, Application, and Region 

Drivers 

 

  •  Public policies and regulatory support
  •  Growing preference for sustainable activities
  •  Rapid shift towards renewable energy sources

Opportunities 

 

  •  Government incentives and subsidies
  •  Technological Advancements

Restraints 

  •  High initial costs

The mono-crystalline segment to maintain its lead position during the forecast period. 

The mono-crystalline silicon PV cell possesses various significant properties such as high efficiency, durability, appealing aesthetics, and others which in turn has surged its application in solar panels. These cells are mostly favored for commercial and residential installations where space and appearance are important factors. Factors such as rise in installations of rooftop solar panel in both residential and commercial facilities is expected to lead the crystalline silicon PV market for mono-crystalline. 

Procure Complete Report (350 Pages PDF with Insights, Charts, Tables, and Figures) @
https://bit.ly/3YKI3uu 

The commercial segment to maintain its lead position during the forecast period. 

Rapid advances in crystalline silicon PV cell technology have led to higher efficiency rates, meaning that commercial installations can generate more electricity from a given amount of sunlight. This efficiency translates to better utilization of available roof space or land area. 

Furthermore, crystalline silicon PV cells are known for their durability and long operational life. With warranties often extending 25 years or more, businesses can rely on these systems for consistent performance over decades. 

In addition, many governments offer incentives to encourage the adoption of solar energy. These incentives include tax credits, rebates, grants, and accelerated depreciation benefits. For instance, in the U.S., the Investment Tax Credit (ITC) allows businesses to deduct a significant percentage of the installation cost from their federal taxes on installation of solar panels. This factor may augment the growth of the crystalline silicon PV cell market for commercial applications. 

Asia-Pacific to maintain its dominance by 2033 

The crystalline silicon PV cell market in the Asia-Pacific region continues to expand, driven by factors such as government policies and incentives, rise in energy demand, cost reduction in renewable energy-related products, and technological advancements in countries such as China, India, and Japan. India has implemented supportive policies and incentives for renewable energy, including solar, wind, geothermal, and others. For instance, according to a report published by the Indian Ministry of New and Renewable Energy, in December 2022, the Indian government provided surplus incentive under the Production Linked Incentive (PLI) scheme for high efficiency solar modules. This factor is expected to surge the utilization of crystalline solar PV cell-based high efficiency solar panels in the country; thus, fueling the growth of the crystalline solar PV cell market. 

In addition, the Asia-Pacific region is experiencing rise in energy demand from the past decade owing to factors such as rapid industrialization, growing urbanization, and rise in technological advancements. For instance, according to a report published by International Energy Agency in 2022, China has become the world's leading clean energy powerhouse meanwhile India is projected to witness the largest energy demand growth over the next three decades. This event is to increase the demand for crystalline silicon PV cell-based solar panels across numerous end-use sectors; thus, boosting the growth of the crystalline silicon PV cell market during the forecast period. 

For Purchase Inquiry: https://www.alliedmarketresearch.com/crystalline-silicon-pv-cell-market/purchase-options 

Leading Market Players: - 

  • Suniva Inc. 
  • Targray 
  • Sova Solar 
  • Central Electronics Limited 
  • Mose Solar 
  • Sunlike Solar 
  • Aoli Solar 
  • LIGHTWAY 
  • AIDU ENERGY 
  • Amso Solar 

The report provides a detailed analysis of these key players in the global crystalline silicon PV cell market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

Trending Reports in Energy & Power Industry:

Solar Cell Market Size, Share, Competitive Landscape and Trend Analysis Report, by Type, by Installation Type: Global Opportunity Analysis and Industry Forecast, 2021-2031

Solar Cell Paste Market Size, Share, Competitive Landscape and Trend Analysis Report, by Paste Type, by Cell Type: Global Opportunity Analysis and Industry Forecast, 2023-2033

Solar Control Window Films Market Size, Share, Competitive Landscape and Trend Analysis Report, by Product Type, by Film Type, by Application: Global Opportunity Analysis and Industry Forecast, 2024-2033

Solar Photovoltaic Glass Market Size, Share, Competitive Landscape and Trend Analysis Report, by Type, by End-use Industry: Global Opportunity Analysis and Industry Forecast, 2024-2033

Solar Energy Storage Market Size, Share, Competitive Landscape and Trend Analysis Report, by Type, by Installation: Global Opportunity Analysis and Industry Forecast, 2021-2031

Smart Solar Power Market Size, Share, Competitive Landscape and Trend Analysis Report, by Device, by Solution, by Application: Global Opportunity Analysis and Industry Forecast, 2021-2031

Building Integrated Photovoltaics (BIPV) Market Size, Share, Competitive Landscape and Trend Analysis Report, by Technology, Application and End-Use: Global Opportunity Analysis and Industry Forecast, 2021-2030

About us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact us:
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com/reports-store/energy-and-power
Follow Us on | Facebook | LinkedIn | YouTube 

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg

Modal title

Also from this source

Citrus Aurantium Extract Market to Reach $4,339.2 Million by 2027 in short term and $5,671.7 million by 2034 Globally, at 3.8% CAGR: Allied Market Research

Citrus Aurantium Extract Market to Reach $4,339.2 Million by 2027 in short term and $5,671.7 million by 2034 Globally, at 3.8% CAGR: Allied Market Research

Allied Market Research published a report, titled, "Citrus Aurantium Extract Market - Global Opportunity Analysis and Industry Forecast, 2025-2034",...

Speech-To-Text API Market to Reach $5 Billion by 2024 in the Short Term and $21 Billion by 2034 Globally, at 15.2% CAGR: Allied Market Research

Speech-To-Text API Market to Reach $5 Billion by 2024 in the Short Term and $21 Billion by 2034 Globally, at 15.2% CAGR: Allied Market Research

Allied Market Research published a report titled, "Speech-to-text API Market - Global Opportunity Analysis and Industry Forecast, 2024-2034," valued...

More Releases From This Source

Explore

Utilities

Utilities

Alternative Energies

Alternative Energies

Environmental Products & Services

Environmental Products & Services

Oil & Energy

Oil & Energy

News Releases in Similar Topics

Contact PR Newswire

  • +44 (0)20 7454 5110
    from 8 AM - 5:30 PM GMT
  • General Enquiries
  • Media Enquiries
  • Partnerships

Products

  • Content Distribution
  • Multimedia Services
  • Disclosure Services
  • Cision Communications Cloud®

About

  • About PR Newswire
  • About Cision
  • Partnering Opportunities
  • Careers
  • Accessibility Statement
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
  • Data Privacy

Do not sell or share my personal information:

  • Submit via Privacy@cision.com 
  • Call Privacy toll-free: 877-297-8921

Contact PR Newswire

Products

About

My Services
  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
+44 (0)20 7454 5110
from 8 AM - 5:30 PM GMT
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 PR Newswire Europe Limited. All Rights Reserved. A Cision company.