Monocrystalline Solar Cell Market Size, Share, and Trends 2024 to 2034

The global monocrystalline solar cell market size accounted for USD 6.55 billion in 2024, grew to USD 7.11 billion in 2025 and is projected to surpass around USD 14.82 billion by 2034, representing a healthy CAGR of 8.50% between 2024 and 2034. The North America monocrystalline solar cell market size is worth around USD 2.36billion in 2024 and is expected to grow at a fastest CAGR of 8.51% during the forecast period.

  • Last Updated : October 2024
  • Report Code : 3425
  • Category : Energy and Power

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Monocrystalline Solar Cell Market 

5.1. COVID-19 Landscape: Monocrystalline Solar Cell Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Monocrystalline Solar Cell Market, By Grid Type

8.1. Monocrystalline Solar Cell Market Revenue and Volume Forecast, by Grid Type, 2024-2034

8.1.1. Grid Connected

8.1.1.1. Market Revenue and Volume Forecast (2021-2034)

8.1.2. Off-Grid

8.1.2.1. Market Revenue and Volume Forecast (2021-2034)

Chapter 9. Global Monocrystalline Solar Cell Market, By Application

9.1. Monocrystalline Solar Cell Market Revenue and Volume Forecast, by Application, 2024-2034

9.1.1. Residential

9.1.1.1. Market Revenue and Volume Forecast (2021-2034)

9.1.2. Commercial

9.1.2.1. Market Revenue and Volume Forecast (2021-2034)

9.1.3. Industrial

9.1.3.1. Market Revenue and Volume Forecast (2021-2034)

9.1.4. Power Utilities

9.1.4.1. Market Revenue and Volume Forecast (2021-2034)

Chapter 10. Global Monocrystalline Solar Cell Market, By Technology 

10.1. Monocrystalline Solar Cell Market Revenue and Volume Forecast, by Technology, 2024-2034

10.1.1. Crystalline Silicon Cells

10.1.1.1. Market Revenue and Volume Forecast (2021-2034)

10.1.2. Thin Film Cells

10.1.2.1. Market Revenue and Volume Forecast (2021-2034)

10.1.3. Ultra-Thin Film Cells

10.1.3.1. Market Revenue and Volume Forecast (2021-2034)

Chapter 11. Global Monocrystalline Solar Cell Market, By Installation 

11.1. Monocrystalline Solar Cell Market Revenue and Volume Forecast, by Installation, 2024-2034

11.1.1. Ground-Mount

11.1.1.1. Market Revenue and Volume Forecast (2021-2034)

11.1.2. Rooftop Solar PV

11.1.2.1. Market Revenue and Volume Forecast (2021-2034)

Chapter 12. Global Monocrystalline Solar Cell Market, Regional Estimates and Trend Forecast

12.1. North America

12.1.1. Market Revenue and Volume Forecast, by Grid Type (2021-2034)

12.1.2. Market Revenue and Volume Forecast, by Application (2021-2034)

12.1.3. Market Revenue and Volume Forecast, by Technology (2021-2034)

12.1.4. Market Revenue and Volume Forecast, by Installation (2021-2034)

12.1.5. U.S.

12.1.5.1. Market Revenue and Volume Forecast, by Grid Type (2021-2034)

12.1.5.2. Market Revenue and Volume Forecast, by Application (2021-2034)

12.1.5.3. Market Revenue and Volume Forecast, by Technology (2021-2034)

12.1.5.4. Market Revenue and Volume Forecast, by Installation (2021-2034)

12.1.6. Rest of North America

12.1.6.1. Market Revenue and Volume Forecast, by Grid Type (2021-2034)

12.1.6.2. Market Revenue and Volume Forecast, by Application (2021-2034)

12.1.6.3. Market Revenue and Volume Forecast, by Technology (2021-2034)

12.1.6.4. Market Revenue and Volume Forecast, by Installation (2021-2034)

12.2. Europe

12.2.1. Market Revenue and Volume Forecast, by Grid Type (2021-2034)

12.2.2. Market Revenue and Volume Forecast, by Application (2021-2034)

12.2.3. Market Revenue and Volume Forecast, by Technology (2021-2034)

12.2.4. Market Revenue and Volume Forecast, by Installation (2021-2034)

12.2.5. UK

12.2.5.1. Market Revenue and Volume Forecast, by Grid Type (2021-2034)

12.2.5.2. Market Revenue and Volume Forecast, by Application (2021-2034)

12.2.5.3. Market Revenue and Volume Forecast, by Technology (2021-2034)

12.2.5.4. Market Revenue and Volume Forecast, by Installation (2021-2034)

12.2.6. Germany

12.2.6.1. Market Revenue and Volume Forecast, by Grid Type (2021-2034)

12.2.6.2. Market Revenue and Volume Forecast, by Application (2021-2034)

12.2.6.3. Market Revenue and Volume Forecast, by Technology (2021-2034)

12.2.6.4. Market Revenue and Volume Forecast, by Installation (2021-2034)

12.2.7. France

12.2.7.1. Market Revenue and Volume Forecast, by Grid Type (2021-2034)

12.2.7.2. Market Revenue and Volume Forecast, by Application (2021-2034)

12.2.7.3. Market Revenue and Volume Forecast, by Technology (2021-2034)

12.2.7.4. Market Revenue and Volume Forecast, by Installation (2021-2034)

12.2.8. Rest of Europe

12.2.8.1. Market Revenue and Volume Forecast, by Grid Type (2021-2034)

12.2.8.2. Market Revenue and Volume Forecast, by Application (2021-2034)

12.2.8.3. Market Revenue and Volume Forecast, by Technology (2021-2034)

12.2.8.4. Market Revenue and Volume Forecast, by Installation (2021-2034)

12.3. APAC

12.3.1. Market Revenue and Volume Forecast, by Grid Type (2021-2034)

12.3.2. Market Revenue and Volume Forecast, by Application (2021-2034)

12.3.3. Market Revenue and Volume Forecast, by Technology (2021-2034)

12.3.4. Market Revenue and Volume Forecast, by Installation (2021-2034)

12.3.5. India

12.3.5.1. Market Revenue and Volume Forecast, by Grid Type (2021-2034)

12.3.5.2. Market Revenue and Volume Forecast, by Application (2021-2034)

12.3.5.3. Market Revenue and Volume Forecast, by Technology (2021-2034)

12.3.5.4. Market Revenue and Volume Forecast, by Installation (2021-2034)

12.3.6. China

12.3.6.1. Market Revenue and Volume Forecast, by Grid Type (2021-2034)

12.3.6.2. Market Revenue and Volume Forecast, by Application (2021-2034)

12.3.6.3. Market Revenue and Volume Forecast, by Technology (2021-2034)

12.3.6.4. Market Revenue and Volume Forecast, by Installation (2021-2034)

12.3.7. Japan

12.3.7.1. Market Revenue and Volume Forecast, by Grid Type (2021-2034)

12.3.7.2. Market Revenue and Volume Forecast, by Application (2021-2034)

12.3.7.3. Market Revenue and Volume Forecast, by Technology (2021-2034)

12.3.7.4. Market Revenue and Volume Forecast, by Installation (2021-2034)

12.3.8. Rest of APAC

12.3.8.1. Market Revenue and Volume Forecast, by Grid Type (2021-2034)

12.3.8.2. Market Revenue and Volume Forecast, by Application (2021-2034)

12.3.8.3. Market Revenue and Volume Forecast, by Technology (2021-2034)

12.3.8.4. Market Revenue and Volume Forecast, by Installation (2021-2034)

12.4. MEA

12.4.1. Market Revenue and Volume Forecast, by Grid Type (2021-2034)

12.4.2. Market Revenue and Volume Forecast, by Application (2021-2034)

12.4.3. Market Revenue and Volume Forecast, by Technology (2021-2034)

12.4.4. Market Revenue and Volume Forecast, by Installation (2021-2034)

12.4.5. GCC

12.4.5.1. Market Revenue and Volume Forecast, by Grid Type (2021-2034)

12.4.5.2. Market Revenue and Volume Forecast, by Application (2021-2034)

12.4.5.3. Market Revenue and Volume Forecast, by Technology (2021-2034)

12.4.5.4. Market Revenue and Volume Forecast, by Installation (2021-2034)

12.4.6. North Africa

12.4.6.1. Market Revenue and Volume Forecast, by Grid Type (2021-2034)

12.4.6.2. Market Revenue and Volume Forecast, by Application (2021-2034)

12.4.6.3. Market Revenue and Volume Forecast, by Technology (2021-2034)

12.4.6.4. Market Revenue and Volume Forecast, by Installation (2021-2034)

12.4.7. South Africa

12.4.7.1. Market Revenue and Volume Forecast, by Grid Type (2021-2034)

12.4.7.2. Market Revenue and Volume Forecast, by Application (2021-2034)

12.4.7.3. Market Revenue and Volume Forecast, by Technology (2021-2034)

12.4.7.4. Market Revenue and Volume Forecast, by Installation (2021-2034)

12.4.8. Rest of MEA

12.4.8.1. Market Revenue and Volume Forecast, by Grid Type (2021-2034)

12.4.8.2. Market Revenue and Volume Forecast, by Application (2021-2034)

12.4.8.3. Market Revenue and Volume Forecast, by Technology (2021-2034)

12.4.8.4. Market Revenue and Volume Forecast, by Installation (2021-2034)

12.5. Latin America

12.5.1. Market Revenue and Volume Forecast, by Grid Type (2021-2034)

12.5.2. Market Revenue and Volume Forecast, by Application (2021-2034)

12.5.3. Market Revenue and Volume Forecast, by Technology (2021-2034)

12.5.4. Market Revenue and Volume Forecast, by Installation (2021-2034)

12.5.5. Brazil

12.5.5.1. Market Revenue and Volume Forecast, by Grid Type (2021-2034)

12.5.5.2. Market Revenue and Volume Forecast, by Application (2021-2034)

12.5.5.3. Market Revenue and Volume Forecast, by Technology (2021-2034)

12.5.5.4. Market Revenue and Volume Forecast, by Installation (2021-2034)

12.5.6. Rest of LATAM

12.5.6.1. Market Revenue and Volume Forecast, by Grid Type (2021-2034)

12.5.6.2. Market Revenue and Volume Forecast, by Application (2021-2034)

12.5.6.3. Market Revenue and Volume Forecast, by Technology (2021-2034)

12.5.6.4. Market Revenue and Volume Forecast, by Installation (2021-2034)

Chapter 13. Company Profiles

13.1. First Solar, Inc.

13.1.1. Company Overview

13.1.2. Product Offerings

13.1.3. Financial Performance

13.1.4. Recent Initiatives

13.2. SunPower Corporation

13.2.1. Company Overview

13.2.2. Product Offerings

13.2.3. Financial Performance

13.2.4. Recent Initiatives

13.3. Canadian Solar Inc.

13.3.1. Company Overview

13.3.2. Product Offerings

13.3.3. Financial Performance

13.3.4. Recent Initiatives

13.4. JA Solar Holdings Co., Ltd.

13.4.1. Company Overview

13.4.2. Product Offerings

13.4.3. Financial Performance

13.4.4. Recent Initiatives

13.5. Trina Solar Limited

13.5.1. Company Overview

13.5.2. Product Offerings

13.5.3. Financial Performance

13.5.4. Recent Initiatives

13.6. JinkoSolar Holding Co., Ltd.

13.6.1. Company Overview

13.6.2. Product Offerings

13.6.3. Financial Performance

13.6.4. Recent Initiatives

13.7. LONGi Green Energy Technology Co., Ltd.

13.7.1. Company Overview

13.7.2. Product Offerings

13.7.3. Financial Performance

13.7.4. Recent Initiatives

13.8. Hanwha Q CELLS Co., Ltd.

13.8.1. Company Overview

13.8.2. Product Offerings

13.8.3. Financial Performance

13.8.4. Recent Initiatives

13.9. REC Group

13.9.1. Company Overview

13.9.2. Product Offerings

13.9.3. Financial Performance

13.9.4. Recent Initiatives

13.10. LG Electronics Inc.

13.10.1. Company Overview

13.10.2. Product Offerings

13.10.3. Financial Performance

13.10.4. Recent Initiatives

Chapter 14. Research Methodology

14.1. Primary Research

14.2. Secondary Research

14.3. Assumptions

Chapter 15. Appendix

15.1. About Us

15.2. Glossary of Terms

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