PERC Photovoltaic Module Market size is estimated to be USD 5.2 Billion in 2024 and is expected to reach USD 12.1 Billion by 2033 at a CAGR of 10.1% from 2026 to 2033.
The global PERC photovoltaic module market was valued at USD 15.3 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 12.7% from 2023 to 2030. The adoption of PERC (Passivated Emitter and Rear Cell) technology in solar modules is expanding due to its ability to enhance efficiency, which is driving the demand for these modules. The growth is particularly significant in regions with high solar energy potential, such as Asia Pacific, North America, and Europe. The market in the Asia Pacific region holds the largest share, accounting for approximately 60% of the global market in 2022, due to the rapid installation of solar systems in countries like China and India. North America and Europe also demonstrate strong growth, with both regions seeing substantial investments in renewable energy projects and increased government initiatives to promote the use of clean energy technologies.
Regionally, North America is projected to witness a robust growth rate, with a CAGR of 14.2% during the forecast period, driven by strong demand for clean energy and favorable government policies. In Europe, the market for PERC photovoltaic modules is anticipated to expand steadily, with Germany, Spain, and France leading the demand due to ambitious renewable energy targets. The Middle East and Africa (MEA) is expected to exhibit significant growth, primarily driven by large scale solar projects in countries like Saudi Arabia and the UAE. Furthermore, Latin America is seeing increasing interest in PERC technology, with Brazil leading the way due to favorable solar radiation levels and increasing government support for solar energy initiatives.
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Hanwha
Sharp
Bosch
First Solar
Canadian Solar EMEA
Eco Green Energy
EverExceed Industrial
Maysun SOLAR
Jinko
CSIQ
Talesun
LONGi Solar
Risen Energy
Baoli New Energy Technology
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 PERC Photovoltaic Module Market
Monocrystalline PERC
Polycrystalline PERC
Thin-Film PERC
Residential
Commercial
Industrial
Utility-Scale
Government
Private Sector
Non-Governmental Organizations (NGOs)
PERC Standard Modules
PERC Bifacial Modules
PERC Half-Cut Modules
Grid-Connected Installation
Off-Grid Installation
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 PERC Photovoltaic Module 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 PERC Photovoltaic Module Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global PERC Photovoltaic Module Market, By Type
6. Global PERC Photovoltaic Module Market, By Application
7. Global PERC Photovoltaic Module Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global PERC Photovoltaic Module Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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