Photovoltaic Module Testing and Certification Market size was valued at USD 1.25 Billion in 2024 and is projected to reach USD 2.50 Billion by 2033, exhibiting a CAGR of 8.5% from 2026 to 2033.
In 2022, the global Photovoltaic Module Testing and Certification market was valued at approximately USD 62 million, with projections indicating growth to USD 81 million by 2029, reflecting a compound annual growth rate (CAGR) of 4.0% during the forecast period. Regionally, China dominated the market, accounting for over 70% of the global share, while Southeast Asia and South Korea contributed approximately 10% and 4%, respectively. The markets expansion is driven by the increasing adoption of solar energy and the necessity for compliance with international standards. Opportunities are particularly notable in emerging markets where governments are incentivizing renewable energy initiatives, thereby amplifying the demand for certified photovoltaic modules to ensure safety, reliability, and performance in diverse environmental conditions.
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Key Player V
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Photovoltaic Module Testing and Certification Market
Monocrystalline
Polycrystalline
Thin-film
Bifacial
Performance Testing
Durability Testing
Environmental Testing
Electroluminescence Testing
Residential
Commercial
Utility-scale
Off-grid Applications
IEC Certification
UL Certification
ISO Certification
Quality Standards Certification
Manufacturers
Installers
Project Developers
Utility Companies
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Photovoltaic Module Testing and Certification Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Photovoltaic Module Testing and Certification Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Photovoltaic Module Testing and Certification Market, By Type
6. Global Photovoltaic Module Testing and Certification Market, By Application
7. Global Photovoltaic Module Testing and Certification Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Photovoltaic Module Testing and Certification Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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