Report Highlights
The global photovoltaic (PV) modules market was valued at $32.6 billion in 2013 and $34.6 billion in 2014. This market is expected to decrease to $27 billion by 2019, with a compound annual growth rate (CAGR) of -4.8% from 2014 to 2019.
Report Includes
- An overview of the global markets and technologies for photovoltaic systems.
- Analyses of global market trends with data from 2013, 2014, and projections of CAGRs through 2019.
- Information about the PV industry on a global basis, including manufacturing capacity and consumption by various regional markets.
- Coverage of building integrated photovoltaics (BIPV), polysilicon, the feedstock for PV, as well as the components comprising the balance of systems (BOS) for solar systems.
- Analysis of the market's dynamics, specifically growth drivers, inhibitors, and opportunities.
- Details covering market impact from sources such as the surge in global demand for energy, incentives for solar sales and installations, and declining costs of photovoltaics.
- Profiles of major players in the industry.
Report Scope
The scope of this study encompasses the major PV technologies: monocrystalline silicon, multicrystalline silicon, thin films (e.g., amorphous silicon, cadmium telluride, copper indium gallium selenide), compound semiconductor materials (e.g., gallium arsenide) and emerging approaches such as nanostructured films, dye- sensitized solar cells and organic technologies. BCC Research analyzes each technology, examines its current and potential efficiency, assesses the current market status of each, examines its future market impact and presents shipments of PV modules and their values for 2013, 2014 and 2019. Various technical issues are discussed and a thorough economic analysis of each technology and its impact on future growth is presented.
In this report, we analyze the PV industry on a global basis, including manufacturing capacity and consumption by various regional markets. We examine government funding and support, industry involvement, standards, the environmental impact of solar energy and the impact of incentives to use PV. We also discuss the potential for applications—both grid-connected and stand-alone. Projections of module shipments by major applications are also presented for the five years covered in our study.
Not covered in this report are subsectors that are unquestionably a part of solar power but do not use photovoltaics, such as concentrating solar thermal systems, solar water heaters and the like.
Analyst Credentials
Claire Lepont is a nanocomposites and coatings specialist with extensive experience in the development of composite transparent conductive electrodes for organic solar cells. She has a deep interest in renewable energy and especially solar. She has a Master of Science degree in analytical chemistry and more than 10 years of experience in research and development in the coating industry.
Report Highlights
Global revenues from solar cells and modules totaled nearly $38.7 billion in 2011 and should decline to $28.6 billion in 2012. Total revenues are expected to reach $78.1 billion in 2017 after increasing at a five-year compound annual growth rate (CAGR) of 22.3%.
Report Highlights
Global shipments of photovoltaic cells/modules reached 11,102 megawatts in 2010, and are expected to reach 55,621 megawatts by 2015, a compound annual growth rate (CAGR) of 38%.
Report Highlights
-
The global market for photovoltaics (PV) will increase from $12.9 billion in 2007 to an estimated $16.1 billion by the end of 2008. It should reach nearly $32.3 billion by 2013 at a compound annual growth rate (CAGR) of 14.9%.
-
The rapid growth of PV will be driven by the global demand for energy of all kinds, the potential problems of climate change, the renewable features of solar energy and improvements in PV technology and materials.
-
Silicon technology, which accounted for about 89% of the market in 2007, will continue to dominate through the end of our forecast period, but will represent only 79% of the market by 2013.
Report Highlights
-
Total shipments of photovoltaic (PV) modules were estimated at 973.1 megawatts in 2004 and are expected to rise at an average annual growth rate (AAGR) of 23.8% to reach 2,783.1 megawatts by 2009.
-
Silicon technology accounted for approximately 90% of the PV market in 2004 and will continue to dominate through the end of the forecast period. Multicrystalline silicon represents the highest volume.
-
Recent improvements in their efficiency and the advent of flexible substrates, will provide thin film technology with continued growth.
-
New technologies, such as dye-sensitized solar cells and modules made by nanotechnology processes, are projected to account for 19.7 megawatts by 2009.
Report Highlights
-
Total worldwide shipments of photovoltaic (PV) modules reached 393.8 megawatts (MW) in 2001 and are projected to grow at an average annual rate (AAGR) of 21% to 1,021.5 MW by 2006.
-
Their value was estimated at $2,067.5 million in 2001. That amount is expected to increase at a lower AAGR of 12.5% to $3,728.5 million by 2006, as costs are expected to decrease.
-
Polycrystalline silicon is the highest volume PV technology, and shipments are projected to grow at a 20.6% AAGR to reach 450.8 MW by 2006.
-
Single crystal silicon shipments were 161.5 MW in 2001 and are projected to rise at an AAGR of 19.8% to 398.4 MW by 2006.
-
The smaller market for silicon film deposited on more flexible substrates is expected to grow at an AAGR of 21.2% to 19.5 MW by 2006.
-
Thin films will finally exhibit significant growth during the period, rising at an AAGR of 26.3% to 152.8 MW by 2006.
Related Reports
Building-Integrated Photovoltaics (BIPV): Technologies and Global Markets
The global building-integrated photovoltaics (BIPV) revenue to photovoltaic manufacturers was valued at about $1.3 billion in 2013 and increasing to $1.4 billion in 2014. This is expected to increase to $1.9 billion by 2019, with a compound annual growth rate (CAGR) of 6.4% for the five-year period, 2014 to 2019.
Physical Vapor Deposition (PVD): Global Markets
The global market for physical vapor deposition (PVD) equipment, materials, and services was worth roughly $19 billion in 2013. The market is expected to increase to nearly $20.3 billion in 2014 and $26.4 billion in 2019, a compound annual growth rate (CAGR) of 5.5% for the period of 2014 to 2019.
Transparent Conductive Coatings: Technologies and Global Markets
The global market for transparent conductive coatings is expected to grow to nearly $7.1 billion by 2018 from $4.8 billion in 2013, registering a compound annual growth rate (CAGR) of 8.0% between 2013 and 2018.
Alternative Photovoltaic Solar Cell Technologies: Global Markets
The global market for alternative solar technologies was valued at $12.6 billion in 2012. This market is estimated to grow to more than $22.8 billion by the end of 2018 from a value of about $13.9 billion in 2013, a compound annual growth rate (CAGR) of 10.5% for the five-year period, 2013 to 2018.
Recent Reports
Hydrogen Fuel Cell: Global Markets
The global market for hydrogen fuel cells is estimated to increase from $5.1 billion in 2024 to reach $11.0 billion by 2029, at a compound annual growth rate (CAGR) of 16.5% from 2024 through 2029.
Biorefinery Products and Applications: Global Markets
The global market for biorefinery products and applications was valued at $715.7 billion in 2023. The market is expected to grow from $775.2 billion in 2024 to nearly $1.2 trillion by 2029, at a compound annual growth rate (CAGR) of 8.8% from 2024 to 2029.
Battery Separators: Global Markets
The global market for battery separators is expected to grow from $8.1 billion in 2024 and is projected to reach $19.0 billion by the end of 2029, at a compound annual growth rate (CAGR) of 18.6% during the forecast period of 2024 to 2029.
Carbon Credits Market: Global Outlook
This report provides an up-to-date analysis of current and future markets for carbon credits and the carbon offsets industry. It presents a thorough and up-to-date global assessment of the market and business of carbon credits. The report also includes a competitive landscape, ESG analysis, and detailed company profiles of leading market players.
Hydrogen Storage: Materials, Technologies and Global Markets
The global market for hydrogen storage materials and technologies is expected to grow from $5.3 billion in 2023 to $7.7 billion by the end of 2028, at a compound annual growth rate (CAGR) of 7.6% from 2023 through 2028.
Top Trending Reports
Single-use Technologies for Biopharmaceuticals: Global Markets
The global market for single-use technologies for biopharmaceuticals is expected to grow from $6.5 billion in 2024 and is projected to reach $11.2 billion by the end of 2029, at a compound annual growth rate (CAGR) of 11.6% during the forecast period of 2024 to 2029.
Cell and Gene Therapy Tools, and Reagents: Global Markets
The global market for Cell and Gene Therapy (CGT) Tools and Reagents is estimated to increase from $10.0 billion in 2024 to reach $16.7 billion by 2029, at a compound annual growth rate (CAGR) of 10.8% from 2024 through 2029.
Global Market Opportunities and Competitive Landscape for CDMO
The global CDMO market was valued at $128.0 billion in 2023. This market is expected to grow from $136.6 billion in 2024 to $191.6 billion by the end of 2029, at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2029.
Direct-to-Consumer Genetic Testing: Global Markets and Technologies
The global market for DTC genetic testing is expected to grow from $2.3 billion in 2024 and is projected to reach $3.7 billion by the end of 2029, at a compound annual growth rate (CAGR) of 10.0% during the forecast period of 2024 to 2029.
Commercial Amino Acids
The global market for commercial amino acids was valued at $30.1 billion in 2023. It is expected to grow from $31.8 billion in 2024 to $42.8 billion by 2029, at a compound annual growth rate (CAGR) of 6.1% from 2024 through 2029.
Become A Member
BCC Research offers a comprehensive library of reports, granting members unlimited access to data, insights, and market intelligence for informed business decisions, while actively supporting members in their evolving journeys and prioritizing high-quality, relevant topics based on continuous engagement with the research community.
Find Out MoreCustom Consulting
BCC Research emphasizes the importance of organizations leveraging highly customized market insights aligned with specific strategic business objectives through direct engagement with primary sources and proprietary forecasting models for profitable decision-making in maximizing growth opportunities and minimizing risks.
Customize NowScorecard
The Venture Scorecard provides commercialization offices and decision makers with expert analysis, offering strategic insights crucial for aligning objectives with market realities at various stages of commercializing new products or evaluating investment opportunities, from opportunity assessment to growth planning.
Find Out MoreInnovation Spotlight
Our industry experts offer strategic guidance to maximize the market potential of commercialized products, patents, and IP by providing insights into market trends, competitive dynamics, and effective positioning, using the Innovation Spotlight service for enhanced exposure to thought leaders and the wider community.
Find Out More