SAN FRANCISCO, May 13, 2021 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Solar Cells and Modules – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 19; Released: May 2021
Executive Engagements: 5697
Companies: 283– Players covered include BYD Co., Ltd; Canadian Solar, Inc; Chint Group; EGing Photovoltaic Technology Co., Ltd; First Solar, Inc.; GCL System Integration Technology Co., Ltd; Hanwha Corporation; Hyundai Energy Solutions Co., Ltd; JA Solar Holdings Co., Ltd; Jiangsu Shunfeng Photovoltaic Technology Co., Ltd; JinkoSolar Holding Co., Ltd; Kyocera Corporation; LONGi Solar Technology Co, Ltd; ReneSola Ltd; Risen Energy Co., Ltd; Shanghai Aerospace Automobile Electromechanical Co., Ltd; Sharp Solar; Solar Frontier K.K; SunPower Corporation; Trina Solar Ltd; Yingli and Others.
Coverage: All major geographies and key segments
Segments: Technology (Crystalline Silicon, Thin Film); Application (Industrial, Commercial, Residential)
Geographies: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Africa.
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Global Solar Cells and Modules Market to Reach $127.7 Billion by 2026
Amid the COVID-19 crisis, the global market for Solar Cells and Modules estimated at US$87.7 Billion in the year 2020, is projected to reach a revised size of US$127.7 Billion by 2026, growing at a CAGR of 6.5% over the analysis period. Crystalline Silicon, one of the segments analyzed in the report, is projected to record 6.6% CAGR and reach US$120.5 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Thin Film segment is readjusted to a revised 5.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $9.6 Billion in 2021, While China is Forecast to Reach $46.2 Billion by 2026
The Solar Cells and Modules market in the U.S. is estimated at US$9.6 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$$46.2 Billion by 2026 trailing a CAGR of 7.7% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.4% and 5.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR. More
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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world’s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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SOURCE Global Industry Analysts, Inc.