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Asia-Pacific Solar Photovoltaic Materials Market Research Report: Forecast (2023-2028)

By Material (Silicon, Thin Film Photovoltaics, Concentrator Photovoltaics, Others), By Technology (Half-Cell (HC) Technology, Multi-Busbar (MBB) Technology, Bifacial Technology, Passivated Emitter and... ... ssivated Emitter and Rear Cell (PERC) technology, Others), By Power Output Range (Less than 300 Watts, 300-400 Watts, 401-500 Watts, Above 500 Watts), By Application (Residential, Commercial, Utility), By Country (China, India, Japan, South Korea, Australia, Southeast Asia, Rest of the Asia-Pacific), By Company (Jinko Solar, Trina Solar, BASF SE, DuPont, Shin-Etsu Chemical Co. Ltd, Ferrotech Corporation, Wacker Chemie AG, Okemetic, GCL-Poly Energy Holdings Ltd., Motech Industries Inc., Lanco Solar, Great Solar Materials, Others) Read more

Energy
May 2023
Pages 162
Report Format: PDF, Excel, PPT

Market Definition

Solar PV (Photovoltaic Cells) are produced by integrating numerous raw materials such as silicon, front sheets, encapsulants, etc., which are critical for the manufacturing of solar energy. These respective materials are used for the manufacturing of solar panels, which are used for solar power generation & are considered solar PV materials.

Market Insights & Analysis: Asia-Pacific Solar Photovoltaic Materials Market (2023-28)

The Asia-Pacific Solar Photovoltaic Materials market is projected to grow at a CAGR of around 10.2% during the forecast period, i.e., 2023-28. The factor attributed to the growth is the higher demand for solar cells from the residential & commercial sectors. This increased demand has been supported by rising electricity prices, the decline in the electricity generation cost of solar power, enhanced support by the respective government in the countries, etc.

With the solar power sector focusing on the reduction of the cost involved in the manufacturing of solar panels, the expense of electricity generation from the same has significantly reduced during the past few years. This has made solar power generation highly competitive with the cost of other conventional power sources.

Report Coverage	Details
Study Period	Historical Data: 2018-21
	Base Year: 2022
	Forecast Period: 2023-28
CAGR (2023-28)	10.2%
Country Covered	China, India, Japan, South Korea, Australia, Southeast Asia, Rest of the Asia-Pacific
Key Companies Profiled	Jinko Solar, Trina Solar, BASF SE, DuPont, Shin-Etsu Chemical Co. Ltd, Ferrotech Corporation, Wacker Chemie AG, Okemetic, GCL-Poly Energy Holdings Ltd., Motech Industries Inc., Lanco Solar, Great Solar Materials, Others
Unit Denominations	USD Million/Billion

In line with the declining cost of solar power generation, many large-scale projects have been implemented in the historical years in the Asia-Pacific region to promote the demand for solar panels on a large scale, thereby supporting the growth of the market in the region. For instance:

In 2021, according to the International Renewable Energy Agency (IRENA), the cost of electricity generation from solar power has reduced by around 85% between 2010 to 2020.
In 2022, Coal India announced a Memorandum of Understanding (MoU) with the Rajasthan Vidyut Utpadan Nigam Ltd (RUVNL) to set up a 1,190-MW solar power plant in the Bikaner city of Rajasthan.

Henceforth, the declining cost of solar power, coupled with a higher inclination of power companies to install large-scale solar plants, has been significantly upscaling the growth of the Asia-Pacific Solar Photovoltaic Materials market during 2018-2022. Further, with the growing inclination towards the usage of solar power for electricity generation, especially among governments across China, India, etc., it is expected that additional large-scale solar power plants would be deployed in the region, thereby promoting the solar modules & solar photovoltaic materials demand in the Asia-Pacific region during the forthcoming period.

Asia-Pacific Solar Photovoltaic Materials Market Research Report (2023-2028) - Table of Contents

Market Segmentation
Introduction
1. Research Process
2. Assumptions
3. Market Definition
Executive Summary
Asia-Pacific Solar Photovoltaic Panels Export & Import Analysis
Asia-Pacific Solar Photovoltaic Panels Start-up Ecosystem
1. Entrepreneurial Activity
2. Year-on-Year Funding Received
3. Funding Received by Top Companies
4. Key Investors Active in the Market
5. Series Wise Funding Received
  1. Seed Funding
  2. Angel Investing
  3. Venture Capitalists (VC) Funding
  4. Others
Asia-Pacific Solar Photovoltaic Materials Market Value Chain Analysis
Asia-Pacific Renewable Energy Industry Analysis
Asia-Pacific Solar Photovoltaic Materials Market Trends & Insights
Asia-Pacific Solar Photovoltaic Materials Market Dynamics
1. Drivers
2. Challenges
Asia-Pacific Solar Photovoltaic Materials Market Hotspots & Opportunities
Asia-Pacific Solar Photovoltaic Materials Market Government Regulations & Policies
Asia-Pacific Solar Photovoltaic Materials Market Outlook, 2018-2028F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Material
    1. Silicon
      1. Polycrystalline Silicon
      2. Monocrystalline Silicon
    2. Thin Film Photovoltaics
      1. Cadmium Telluride (CdTe)
      2. Copper Indium Gallium Selenide (CIGS)
    3. Concentrator Photovoltaics
    4. Others (Organic Photovoltaics, Multijunction Photovoltaics, etc.)
  2. By Technology
    1. Half-Cell (HC) Technology
    2. Multi-Busbar (MBB) Technology
    3. Bifacial Technology
    4. Passivated Emitter and Rear Cell (PERC) technology
    5. Others (Tiling Ribbon Technology, N-Type Technology, etc.)
  3. By Power Output Range
    1. Less than 300 Watts
    2. 300-400 Watts
    3. 401-500 Watts
    4. Above 500 Watts
  4. By Application
    1. Residential
    2. Commercial
    3. Utility
  5. By Country
    1. China
    2. India
    3. Japan
    4. South Korea
    5. Australia
    6. Southeast Asia
    7. Rest of the Asia-Pacific
  6. By Competitors
    1. Competition Characteristics
    2. Market Share & Analysis
China Solar Photovoltaic Materials Market Outlook, 2018-2028F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Material
  2. By Technology
  3. By Power Output Range
  4. By Application
India Solar Photovoltaic Materials Market Outlook, 2018-2028F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Material
  2. By Technology
  3. By Power Output Range
  4. By Application
Japan Solar Photovoltaic Materials Market Outlook, 2018-2028F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Material
  2. By Technology
  3. By Power Output Range
  4. By Application
South Korea Solar Photovoltaic Materials Market Outlook, 2018-2028F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Material
  2. By Technology
  3. By Power Output Range
  4. By Application
Australia Solar Photovoltaic Materials Market Outlook, 2018-2028F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Material
  2. By Technology
  3. By Power Output Range
  4. By Application
Southeast Asia Solar Photovoltaic Materials Market Outlook, 2018-2028F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Material
  2. By Technology
  3. By Power Output Range
  4. By Application
Asia-Pacific Solar Photovoltaic Materials Market Key Strategic Imperatives for Success & Growth
Competitive Outlook
1. Competition Matrix
  1. Application Portfolio
  2. Brand Specialization
  3. Target Markets
  4. Target Applications
  5. Research & Development
  6. Strategic Alliances
  7. Strategic Initiatives
2. Company Profiles ((Business Description, Application Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
  1. Jinko Solar
  2. Trina Solar
  3. BASF SE
  4. DuPont
  5. Shin-Etsu Chemical Co. Ltd
  6. Ferrotech Corporation
  7. Wacker Chemie AG
  8. Okemetic
  9. GCL-Poly Energy Holdings Ltd.
  10. Motech Industries Inc.
  11. Lanco Solar
  12. Great Solar Materials
  13. Others
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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