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

The global polycrystalline solar cell market size is calculated at USD 3.78 billion in 2025 and is forecasted to reach around USD 7.01 billion by 2034, accelerating at a CAGR of 7.10% from 2025 to 2034. The North America polycrystalline solar cell market size surpassed USD 1.31 billion in 2024 and is expanding at a CAGR of 7.21% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

  • Last Updated : January 2025
  • Report Code : 3477
  • 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 Polycrystalline Solar Cell Market 

5.1. COVID-19 Landscape: Polycrystalline 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 Polycrystalline Solar Cell Market, By Technology

8.1. Polycrystalline Solar Cell Market Revenue and Volume, by Technology

8.1.1. Crystalline Silicon Cells

8.1.1.1. Market Revenue and Volume Forecast

8.1.2. Thin Film Cells

8.1.2.1. Market Revenue and Volume Forecast

8.1.3. Ultra-thin Film Cells

8.1.3.1. Market Revenue and Volume Forecast

Chapter 9. Global Polycrystalline Solar Cell Market, By Application

9.1. Polycrystalline Solar Cell Market Revenue and Volume, by Application

9.1.1. Residential

9.1.1.1. Market Revenue and Volume Forecast

9.1.2. Commercial

9.1.2.1. Market Revenue and Volume Forecast

9.1.3. Utility

9.1.3.1. Market Revenue and Volume Forecast

Chapter 10. Global Polycrystalline Solar Cell Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Volume Forecast, by Technology

10.1.2. Market Revenue and Volume Forecast, by Application

10.1.3. U.S.

10.1.3.1. Market Revenue and Volume Forecast, by Technology

10.1.3.2. Market Revenue and Volume Forecast, by Application

10.1.4. Rest of North America

10.1.4.1. Market Revenue and Volume Forecast, by Technology

10.1.4.2. Market Revenue and Volume Forecast, by Application

10.2. Europe

10.2.1. Market Revenue and Volume Forecast, by Technology

10.2.2. Market Revenue and Volume Forecast, by Application

10.2.3. UK

10.2.3.1. Market Revenue and Volume Forecast, by Technology

10.2.3.2. Market Revenue and Volume Forecast, by Application

10.2.4. Germany

10.2.4.1. Market Revenue and Volume Forecast, by Technology

10.2.4.2. Market Revenue and Volume Forecast, by Application

10.2.5. France

10.2.5.1. Market Revenue and Volume Forecast, by Technology

10.2.5.2. Market Revenue and Volume Forecast, by Application

10.2.6. Rest of Europe

10.2.6.1. Market Revenue and Volume Forecast, by Technology

10.2.6.2. Market Revenue and Volume Forecast, by Application

10.3. APAC

10.3.1. Market Revenue and Volume Forecast, by Technology

10.3.2. Market Revenue and Volume Forecast, by Application

10.3.3. India

10.3.3.1. Market Revenue and Volume Forecast, by Technology

10.3.3.2. Market Revenue and Volume Forecast, by Application

10.3.4. China

10.3.4.1. Market Revenue and Volume Forecast, by Technology

10.3.4.2. Market Revenue and Volume Forecast, by Application

10.3.5. Japan

10.3.5.1. Market Revenue and Volume Forecast, by Technology

10.3.5.2. Market Revenue and Volume Forecast, by Application

10.3.6. Rest of APAC

10.3.6.1. Market Revenue and Volume Forecast, by Technology

10.3.6.2. Market Revenue and Volume Forecast, by Application

10.4. MEA

10.4.1. Market Revenue and Volume Forecast, by Technology

10.4.2. Market Revenue and Volume Forecast, by Application

10.4.3. GCC

10.4.3.1. Market Revenue and Volume Forecast, by Technology

10.4.3.2. Market Revenue and Volume Forecast, by Application

10.4.4. North Africa

10.4.4.1. Market Revenue and Volume Forecast, by Technology

10.4.4.2. Market Revenue and Volume Forecast, by Application

10.4.5. South Africa

10.4.5.1. Market Revenue and Volume Forecast, by Technology

10.4.5.2. Market Revenue and Volume Forecast, by Application

10.4.6. Rest of MEA

10.4.6.1. Market Revenue and Volume Forecast, by Technology

10.4.6.2. Market Revenue and Volume Forecast, by Application

10.5. Latin America

10.5.1. Market Revenue and Volume Forecast, by Technology

10.5.2. Market Revenue and Volume Forecast, by Application

10.5.3. Brazil

10.5.3.1. Market Revenue and Volume Forecast, by Technology

10.5.3.2. Market Revenue and Volume Forecast, by Application

10.5.4. Rest of LATAM

10.5.4.1. Market Revenue and Volume Forecast, by Technology

10.5.4.2. Market Revenue and Volume Forecast, by Application

Chapter 11. Company Profiles

11.1. JinkoSolar Holding Co., Ltd.

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. Trina Solar Limited

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. Canadian Solar Inc.

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. JA Solar Holdings Co., Ltd.

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. LONGi Green Energy Technology Co., Ltd.

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. Hanwha Q CELLS Co., Ltd.

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. Risen Energy Co., Ltd.

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. GCL System Integration Technology Co., Ltd.

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. SunPower Corporation

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

11.10. REC Group

11.10.1. Company Overview

11.10.2. Product Offerings

11.10.3. Financial Performance

11.10.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

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Frequently Asked Questions

The global polycrystalline solar cell market size is expected to increase USD 7.01 billion by 2034 from USD 3.53 billion in 2024.

The global polycrystalline solar cell market will register growth rate of 7.10% between 2025 and 2034.

The major players operating in the polycrystalline solar cell market are JinkoSolar Holding Co., Ltd., Trina Solar Limited, Canadian Solar Inc., JA Solar Holdings Co., Ltd., LONGi Green Energy Technology Co., Ltd., Hanwha Q CELLS Co., Ltd., Risen Energy Co., Ltd., GCL System Integration Technology Co., Ltd., SunPower Corporation, REC Group, First Solar, Inc., Yingli Green Energy Holding Company Limited, ET Solar Group, Neo Solar Power Corporation, Hareon Solar Technology Co., Ltd., and Others.

The driving factors of the polycrystalline solar cell market are the increasing solar adoption and remarkable technological advancements.

North America region will lead the global polycrystalline solar cell market during the forecast period 2025 to 2034.

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