The global Solar Cell (Photovoltaic) Equipment market size is projected to reach USD 86.5 billion by 2029

A solar cell or photovoltaic (PV) cell is a semiconductor device that converts light directly into electricity by the photovoltaic effect. The most common material in solar cell production is purified silicon that can be applied in different ways.

A PV module is an assembly of photo-voltaic cells mounted in a framework for installation. Photo-voltaic cells use sunlight as a source of energy and generate direct current electricity. A collection of PV modules is called a PV Panel, and a system of Panels is an Array. Arrays of a photovoltaic system supply solar electricity to electrical equipment.

According to the new market research report “Global Solar Cell (Photovoltaic) Equipment Market Report 2023-2029”, published by GlobalInfoResearch, the global Solar Cell (Photovoltaic) Equipment market size is projected to reach USD 86.5 billion by 2029, at a CAGR of 9.1% during the forecast period.

• Global Solar Cell (Photovoltaic) Equipment MarketSize(US$ Million), 2018-2029

Source: GlobalInfoResearch, “Global Solar Cell (Photovoltaic) Equipment Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029”(Photovoltaic) Equipment Market Report 2023-2029.

• Global Solar Cell (Photovoltaic) Equipment Top20Players Ranking and Market Share（Based on data of 2021, Continually updated）

Source: GlobalInfoResearch, “Global Solar Cell (Photovoltaic) Equipment Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029”(Photovoltaic) Equipment Market Report 2023-2029.

The global key manufacturers of Solar Cell (Photovoltaic) Equipment include JinkoSolar, LONGi, JA Solar, Canadian Solar, First Solar, Hanwha Solutions, Trina Solar, Risen Energy, Seraphim, SunPower, etc. In 2021, the global top five players had a share approximately 48.0% in terms of revenue.

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