Polycrystalline Solar Cells Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers Global Polycrystalline Cell Manufacturers and the market is segmented by technology(Crystalline Silicon Cells, Thin Film Cells, Ultra-thin Film Cells), Application (Residential, Commercial, Utility), and by Geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

Polycrystalline Solar Cells Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Polycrystalline Solar Cells Market Size

Market Summary- Polycrystalline Solar Cell Market
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
CAGR 5.00 %
Fastest Growing Market Asia-Pacific
Largest Market Europe
Market Concentration Medium

Major Players

Polycrystalline Solar Cell Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Polycrystalline Solar Cell Market with other markets in Energy & Power Industry

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Polycrystalline Solar Cells Market Analysis

The Polycrystalline Solar Cell Market is expected to register a CAGR of greater than 5% during the forecast period.

  • The residential segment is likely to witness significant growth during the forecast period owing to lower costs as compared to mono-crystalline solar cells.
  • Governments globally have set targets to achieve a particular percentage of the renewable energy mix in their over energy consumption. Solar Energy is one of the most economical renewable sources of energy based on the Levelized Cost of electricity, which is likely to present significant opportunities to the players involved in this market.
  • Asia-Pacific is expected to be the fastest-growing region owing to the large population that is rapidly adopting solar energy systems due to various lucrative policies and programs of government.

Polycrystalline Solar Cells Industry Overview

The Polycrystalline Solar Cell Market is moderately consolidated. Some of the major players involved in the market are Sunpower Corporation, Targray Technology International Inc, JinkoSolar Holding Co., Ltd, Trina Solar Co. Ltd., Canadian Solar Inc, and many more

Polycrystalline Solar Cells Market Leaders

  1. Trina Solar Co. Ltd.

  2. Canadian Solar Inc

  3. JinkoSolar Holding Co., Ltd

  4. Targray Technology International Inc

  5. Sunpower Corporation

  6. *Disclaimer: Major Players sorted in no particular order
Market Concentration- Polycrstalline Solar Cell Market.png
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Polycrystalline Solar Cells Market News

  • In April 2022, Tongwei, solar polysilicon and cell manufacturer stated plans to significantly increase its manufacturing capacity over the next four years after confirming a six fold increase in net profit in Q1 2022. The company expects to finish 2023 witt 350,000 MT of polysilicon capacity.

Polycrystalline Solar Cells Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD billion, till 2027
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.2 Restraints
  • 4.6 Porter's Five Forces Analysis
    • 4.6.1 Bargaining Power of Suppliers
    • 4.6.2 Bargaining Power of Consumers
    • 4.6.3 Threat of New Entrants
    • 4.6.4 Threat of Substitute Products and Services
    • 4.6.5 Intensitiy of Competitive Rivalry

5. MARKET SEGMENTATION-BY SIZE

  • 5.1 BY Technology
    • 5.1.1 Crystalline Silicon Cells
    • 5.1.2 Thin Film Cells
    • 5.1.3 Ultra Thin Film Cells
  • 5.2 BY Application
    • 5.2.1 Residential
    • 5.2.2 Commercial
    • 5.2.3 Utility
  • 5.3 Geography
    • 5.3.1 North America
    • 5.3.2 Europe
    • 5.3.3 Asia-Pacific
    • 5.3.4 South America
    • 5.3.5 Middle East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Targray Technology International Inc
    • 6.3.2 JinkoSolar Holding Co., Ltd
    • 6.3.3 First Solar, Inc.
    • 6.3.4 Sunpower Corporation
    • 6.3.5 Suniva Inc
    • 6.3.6 Solaris Technology Industry
    • 6.3.7 Trina Solar Co. Ltd.
    • 6.3.8 Canadian Solar Inc.
    • 6.3.9 Sharp Corporation
    • 6.3.10 Tata Power Solar Systems Ltd.
  • *List Not Exhaustive

7. MARKET OPPORUNITIES AND FUTURE TRENDS

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Polycrystalline Solar Cells Industry Segmentation

The Polycrystalline Solar Cell Market report includes:

BY Technology Crystalline Silicon Cells
Thin Film Cells
Ultra Thin Film Cells
BY Application Residential
Commercial
Utility
Geography North America
Europe
Asia-Pacific
South America
Middle East and Africa
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Polycrystalline Solar Cells Market Research FAQs

What is the current Polycrystalline Solar Cell Market size?

The Polycrystalline Solar Cell Market is projected to register a CAGR of greater than 5% during the forecast period (2025-2030)

Who are the key players in Polycrystalline Solar Cell Market?

Trina Solar Co. Ltd., Canadian Solar Inc, JinkoSolar Holding Co., Ltd, Targray Technology International Inc and Sunpower Corporation are the major companies operating in the Polycrystalline Solar Cell Market.

Which is the fastest growing region in Polycrystalline Solar Cell Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Polycrystalline Solar Cell Market?

In 2025, the Europe accounts for the largest market share in Polycrystalline Solar Cell Market.

What years does this Polycrystalline Solar Cell Market cover?

The report covers the Polycrystalline Solar Cell Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Polycrystalline Solar Cell Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Polycrystalline Solar Cells Industry Report

Statistics for the 2025 Polycrystalline Solar Cell market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Polycrystalline Solar Cell analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.