Global PV Module Market Research Report with Opportunities and Strategies to Boost Growth- COVID-19 Impact and Recovery
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PV Module Market Overview
A photovoltaic (in short PV) module is a packaged, connect assembly of typically 6×10 solar cells. Solar Photovoltaic panels constitute the solar array of a photovoltaic system that generates and supplies solar electricity in commercial and residential applications.
COVID-19 Impact on PV Module:
The World Health Organization declared the COVID-19 virus outbreak in December 2019 to be a public health emergency. The disease has spread to over 100 nations and resulted in tremendous deaths all across the world. Global industrial, tourism and financial markets have been particularly heavily damaged. The downward pressure on the global economy, which had previously shown signs of recovery, has grown once more. The spread of the virus has added dangerous factors to the global economy's already sluggish development. Various international agencies have stated that the global economy is experiencing its most difficult moment since the financial crisis. The global economic situation is bleak. The global economic situation is bleak. The coronavirus's negative global effects are already evident, and they will have a considerable impact on the PV Module in 2020.
Market Segments
The authors of this research report have explored the key segments: Type and Application. The report offers an in-depth breakdown of type and application segments and their sub-segments. The lucrativeness and growth potential have been looked into by the industry experts in this report. This section of the report also provides sales and revenue forecast data by type and application segments based on sales, price, and revenue for the period 2016-2027. The specialists, to broaden the understanding of the users, have done value chain and raw material analysis in this section.
By Product Type, PV Module has been segmented into:
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Regions and Countries Level Analysis:
North America, Europe, Asia Pacific, Latin America, and the Middle East, and Africa were the regions analyzed by the experts. This section contains data about each region's and country's potential for growth. This data will aid players in identifying lucrative places and planning their future activities and investments accordingly. The market size and demand numbers for each region and country for the period 2016-2020 will also be available to the readers.
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Competitive Outlook
The analysts have conducted a thorough examination of the major competitors in the market and the methods they are employing to combat the strong competition in this section of the report. This section also includes company profiles and share analyses for the major companies. In addition, the experts conducted a comprehensive SWOT analysis of each player. They've also published manufacturers' sales and revenue data for the years 2016 through 2021. With the help of this report, key players, stakeholders, and other participants will be able to remain on top of recent and upcoming business changes, allowing them to make more informed decisions.
Table of Content
1 Market Overview
1.1 Product Definition and Market Characteristics
1.2 Global PV Module Market Size
1.3 Market Segmentation
1.4 Global Macroeconomic Analysis
1.5 SWOT Analysis
2. Market Dynamics
2.1 Market Drivers
2.2 Market Constraints and Challenges
2.3 Emerging Market Trends
2.4 Impact of COVID-19
2.4.1 Short-term Impact
2.4.2 Long-term Impact
3 Associated Industry Assessment
3.1 Supply Chain Analysis
3.2 Industry Active Participants
3.2.1 Suppliers of Raw Materials
3.2.2 Key Distributors/Retailers
3.3 Alternative Analysis
3.4 The Impact of Covid-19 From the Perspective of Industry Chain
4 Market Competitive Landscape
4.1 Industry Leading Players
4.2 Industry News
4.2.1 Key Product Launch News
4.2.2 M&A and Expansion Plans
5 Analysis of Leading Companies
5.1 Wuxi Suntech Power
5.1.1 Wuxi Suntech Power Company Profile
5.1.2 Wuxi Suntech Power Business Overview
5.1.3 Wuxi Suntech Power PV Module Sales, Revenue, Average Selling Price and Gross Margin (2015-2020)
5.1.4 Wuxi Suntech Power PV Module Products Introduction
5.2 AE Solar GmbH
5.2.1 AE Solar GmbH Company Profile
5.2.2 AE Solar GmbH Business Overview
5.2.3 AE Solar GmbH PV Module Sales, Revenue, Average Selling Price and Gross Margin (2015-2020)
5.2.4 AE Solar GmbH PV Module Products Introduction
5.3 Renesola
5.3.1 Renesola Company Profile
5.3.2 Renesola Business Overview
5.3.3 Renesola PV Module Sales, Revenue, Average Selling Price and Gross Margin (2015-2020)
5.3.4 Renesola PV Module Products Introduction
5.4 Itek Energy
5.4.1 Itek Energy Company Profile
5.4.2 Itek Energy Business Overview
5.4.3 Itek Energy PV Module Sales, Revenue, Average Selling Price and Gross Margin (2015-2020)
5.4.4 Itek Energy PV Module Products Introduction
5.5 Leonics Company
5.5.1 Leonics Company Company Profile
5.5.2 Leonics Company Business Overview
5.5.3 Leonics Company PV Module Sales, Revenue, Average Selling Price and Gross Margin (2015-2020)
5.5.4 Leonics Company PV Module Products Introduction
5.6 Canadian Solar
5.6.1 Canadian Solar Company Profile
5.6.2 Canadian Solar Business Overview
5.6.3 Canadian Solar PV Module Sales, Revenue, Average Selling Price and Gross Margin (2015-2020)
5.6.4 Canadian Solar PV Module Products Introduction
5.7 First Solar
5.7.1 First Solar Company Profile
5.7.2 First Solar Business Overview
5.7.3 First Solar PV Module Sales, Revenue, Average Selling Price and Gross Margin (2015-2020)
5.7.4 First Solar PV Module Products Introduction
5.8 Jinko Solar
5.8.1 Jinko Solar Company Profile
5.8.2 Jinko Solar Business Overview
5.8.3 Jinko Solar PV Module Sales, Revenue, Average Selling Price and Gross Margin (2015-2020)
5.8.4 Jinko Solar PV Module Products Introduction
5.9 Trina Solar
5.9.1 Trina Solar Company Profile
5.9.2 Trina Solar Business Overview
5.9.3 Trina Solar PV Module Sales, Revenue, Average Selling Price and Gross Margin (2015-2020)
5.9.4 Trina Solar PV Module Products Introduction
5.10 GCL-Poly Energy Holdings
5.10.1 GCL-Poly Energy Holdings Company Profile
5.10.2 GCL-Poly Energy Holdings Business Overview
5.10.3 GCL-Poly Energy Holdings PV Module Sales, Revenue, Average Selling Price and Gross Margin (2015-2020)
5.10.4 GCL-Poly Energy Holdings PV Module Products Introduction
6 Market Analysis and Forecast, By Product Types
6.1 Global PV Module Sales, Revenue and Market Share by Types (2015-2020)
6.1.1 Global PV Module Sales and Market Share by Types (2015-2020)
6.1.2 Global PV Module Revenue and Market Share by Types (2015-2020)
6.1.3 Global PV Module Price by Types (2015-2020)
6.2 Global PV Module Market Forecast by Types (2020-2025)
6.2.1 Global PV Module Market Forecast Sales and Market Share by Types (2020-2025)
6.2.2 Global PV Module Market Forecast Revenue and Market Share by Types (2020-2025)
6.3 Global PV Module Sales, Price and Growth Rate by Types (2015-2020)
6.3.1 Global PV Module Sales, Price and Growth Rate of Ground Mounted
6.3.2 Global PV Module Sales, Price and Growth Rate of Pole Mounted
6.3.3 Global PV Module Sales, Price and Growth Rate of Rooftop
6.4 Global PV Module Market Revenue and Sales Forecast, by Types (2020-2025)
6.4.1 Ground Mounted Market Revenue and Sales Forecast (2020-2025)
6.4.2 Pole Mounted Market Revenue and Sales Forecast (2020-2025)
6.4.3 Rooftop Market Revenue and Sales Forecast (2020-2025)
7 Market Analysis and Forecast, By Applications
7.1 Global PV Module Sales, Revenue and Market Share by Applications (2015-2020)
7.1.1 Global PV Module Sales and Market Share by Applications (2015-2020)
7.1.2 Global PV Module Revenue and Market Share by Applications (2015-2020)
7.2 Global PV Module Market Forecast by Applications (2020-2025)
7.2.1 Global PV Module Market Forecast Sales and Market Share by Applications (2020-2025)
7.2.2 Global PV Module Market Forecast Revenue and Market Share by Applications (2020-2025)
7.3 Global Revenue, Sales and Growth Rate by Applications (2015-2020)
7.3.1 Global PV Module Revenue, Sales and Growth Rate of Commercial (2015-2020)
7.3.2 Global PV Module Revenue, Sales and Growth Rate of Residential (2015-2020)
7.3.3 Global PV Module Revenue, Sales and Growth Rate of Industrial (2015-2020)
7.4 Global PV Module Market Revenue and Sales Forecast, by Applications (2020-2025)
7.4.1 Commercial Market Revenue and Sales Forecast (2020-2025)
7.4.2 Residential Market Revenue and Sales Forecast (2020-2025)
7.4.3 Industrial Market Revenue and Sales Forecast (2020-2025)
8 Market Analysis and Forecast, By Regions
8.1 Global PV Module Sales by Regions (2015-2020)
8.2 Global PV Module Market Revenue by Regions (2015-2020)
8.3 Global PV Module Market Forecast by Regions (2020-2025)
9 North America PV Module Market Analysis
9.1 Market Overview and Prospect Analysis
9.2 North America PV Module Market Sales and Growth Rate (2015-2020)
9.3 North America PV Module Market Revenue and Growth Rate (2015-2020)
9.4 North America PV Module Market Forecast
9.5 The Influence of COVID-19 on North America Market
9.6 North America PV Module Market Analysis by Country
9.6.1 U.S. PV Module Sales and Growth Rate
9.6.2 Canada PV Module Sales and Growth Rate
9.6.3 Mexico PV Module Sales and Growth Rate
10 Europe PV Module Market Analysis
10.1 Market Overview and Prospect Analysis
10.2 Europe PV Module Market Sales and Growth Rate (2015-2020)
10.3 Europe PV Module Market Revenue and Growth Rate (2015-2020)
10.4 Europe PV Module Market Forecast
10.5 The Influence of COVID-19 on Europe Market
10.6 Europe PV Module Market Analysis by Country
10.6.1 Germany PV Module Sales and Growth Rate
10.6.2 United Kingdom PV Module Sales and Growth Rate
10.6.3 France PV Module Sales and Growth Rate
10.6.4 Italy PV Module Sales and Growth Rate
10.6.5 Spain PV Module Sales and Growth Rate
10.6.6 Russia PV Module Sales and Growth Rate
11 Asia-Pacific PV Module Market Analysis
11.1 Market Overview and Prospect Analysis
11.2 Asia-Pacific PV Module Market Sales and Growth Rate (2015-2020)
11.3 Asia-Pacific PV Module Market Revenue and Growth Rate (2015-2020)
11.4 Asia-Pacific PV Module Market Forecast
11.5 The Influence of COVID-19 on Asia Pacific Market
11.6 Asia-Pacific PV Module Market Analysis by Country
11.6.1 China PV Module Sales and Growth Rate
11.6.2 Japan PV Module Sales and Growth Rate
11.6.3 South Korea PV Module Sales and Growth Rate
11.6.4 Australia PV Module Sales and Growth Rate
11.6.5 India PV Module Sales and Growth Rate
12 South America PV Module Market Analysis
12.1 Market Overview and Prospect Analysis
12.2 South America PV Module Market Sales and Growth Rate (2015-2020)
12.3 South America PV Module Market Revenue and Growth Rate (2015-2020)
12.4 South America PV Module Market Forecast
12.5 The Influence of COVID-19 on South America Market
12.6 South America PV Module Market Analysis by Country
12.6.1 Brazil PV Module Sales and Growth Rate
12.6.2 Argentina PV Module Sales and Growth Rate
12.6.3 Columbia PV Module Sales and Growth Rate
13 Middle East and Africa PV Module Market Analysis
13.1 Market Overview and Prospect Analysis
13.2 Middle East and Africa PV Module Market Sales and Growth Rate (2015-2020)
13.3 Middle East and Africa PV Module Market Revenue and Growth Rate (2015-2020)
13.4 Middle East and Africa PV Module Market Forecast
13.5 The Influence of COVID-19 on Middle East and Africa Market
13.6 Middle East and Africa PV Module Market Analysis by Country
13.6.1 UAE PV Module Sales and Growth Rate
13.6.2 Egypt PV Module Sales and Growth Rate
13.6.3 South Africa PV Module Sales and Growth Rate
14 Conclusions and Recommendations
14.1 Key Market Findings and Prospects
14.2 Advice for Investors
15 Appendix
15.1 Methodology
15.2 Research Data Source
List of Tables and Figures
Figure Product Picture
Figure Global PV Module Market Size and Growth Rate 2015-2025
Table PV Module Key Market Segments
Figure Global PV Module Market Revenue ($) Segment by Type from 2015-2020
Figure Global PV Module Market Revenue ($) Segment by Applications from 2015-2020
Table SWOT Analysis
Figure Global COVID-19 Status
Figure Supply Chain
Table Major Players Headquarters, and Service Area of PV Module
Table Major Players Revenue in 2019
Figure Major Players Revenue Share in 2019
Table Wuxi Suntech Power Company Profile
Table Wuxi Suntech Power Sales, Revenue (US$ Million), Average Selling Price and Gross Margin (2015-2020)
Figure Wuxi Suntech Power Production and Growth Rate
Figure Wuxi Suntech Power Market Revenue ($) Market Share 2015-2020
Table AE Solar GmbH Company Profile
Table AE Solar GmbH Sales, Revenue (US$ Million), Average Selling Price and Gross Margin (2015-2020)
Figure AE Solar GmbH Production and Growth Rate
Figure AE Solar GmbH Market Revenue ($) Market Share 2015-2020
Table Renesola Company Profile
Table Renesola Sales, Revenue (US$ Million), Average Selling Price and Gross Margin (2015-2020)
Figure Renesola Production and Growth Rate
Figure Renesola Market Revenue ($) Market Share 2015-2020
Table Itek Energy Company Profile
Table Itek Energy Sales, Revenue (US$ Million), Average Selling Price and Gross Margin (2015-2020)
Figure Itek Energy Production and Growth Rate
Figure Itek Energy Market Revenue ($) Market Share 2015-2020
Table Leonics Company Company Profile
Table Leonics Company Sales, Revenue (US$ Million), Average Selling Price and Gross Margin (2015-2020)
Figure Leonics Company Production and Growth Rate
Figure Leonics Company Market Revenue ($) Market Share 2015-2020
Table Canadian Solar Company Profile
Table Canadian Solar Sales, Revenue (US$ Million), Average Selling Price and Gross Margin (2015-2020)
Figure Canadian Solar Production and Growth Rate
Figure Canadian Solar Market Revenue ($) Market Share 2015-2020
Table First Solar Company Profile
Table First Solar Sales, Revenue (US$ Million), Average Selling Price and Gross Margin (2015-2020)
Figure First Solar Production and Growth Rate
Figure First Solar Market Revenue ($) Market Share 2015-2020
Table Jinko Solar Company Profile
Table Jinko Solar Sales, Revenue (US$ Million), Average Selling Price and Gross Margin (2015-2020)
Figure Jinko Solar Production and Growth Rate
Figure Jinko Solar Market Revenue ($) Market Share 2015-2020
Table Trina Solar Company Profile
Table Trina Solar Sales, Revenue (US$ Million), Average Selling Price and Gross Margin (2015-2020)
Figure Trina Solar Production and Growth Rate
Figure Trina Solar Market Revenue ($) Market Share 2015-2020
Table GCL-Poly Energy Holdings Company Profile
Table GCL-Poly Energy Holdings Sales, Revenue (US$ Million), Average Selling Price and Gross Margin (2015-2020)
Figure GCL-Poly Energy Holdings Production and Growth Rate
Figure GCL-Poly Energy Holdings Market Revenue ($) Market Share 2015-2020
Table Global PV Module Sales by Types (2015-2020)
Table Global PV Module Sales Share by Types (2015-2020)
Table Global PV Module Revenue ($) by Types (2015-2020)
Table Global PV Module Revenue Share by Types (2015-2020)
Table Global PV Module Price ($) by Types (2015-2020)
Table Global PV Module Market Forecast Sales by Types (2020-2025)
Table Global PV Module Market Forecast Sales Share by Types (2020-2025)
Table Global PV Module Market Forecast Revenue ($) by Types (2020-2025)
Table Global PV Module Market Forecast Revenue Share by Types (2020-2025)
Figure Global Ground Mounted Sales and Growth Rate (2015-2020)
Figure Global Ground Mounted Price (2015-2020)
Figure Global Pole Mounted Sales and Growth Rate (2015-2020)
Figure Global Pole Mounted Price (2015-2020)
Figure Global Rooftop Sales and Growth Rate (2015-2020)
Figure Global Rooftop Price (2015-2020)
Figure Global PV Module Market Revenue ($) and Growth Rate Forecast of Ground Mounted (2020-2025)
Figure Global PV Module Sales and Growth Rate Forecast of Ground Mounted (2020-2025)
Figure Global PV Module Market Revenue ($) and Growth Rate Forecast of Pole Mounted (2020-2025)
Figure Global PV Module Sales and Growth Rate Forecast of Pole Mounted (2020-2025)
Figure Global PV Module Market Revenue ($) and Growth Rate Forecast of Rooftop (2020-2025)
Figure Global PV Module Sales and Growth Rate Forecast of Rooftop (2020-2025)
Table Global PV Module Sales by Applications (2015-2020)
Table Global PV Module Sales Share by Applications (2015-2020)
Table Global PV Module Revenue ($) by Applications (2015-2020)
Table Global PV Module Revenue Share by Applications (2015-2020)
Table Global PV Module Market Forecast Sales by Applications (2020-2025)
Table Global PV Module Market Forecast Sales Share by Applications (2020-2025)
Table Global PV Module Market Forecast Revenue ($) by Applications (2020-2025)
Table Global PV Module Market Forecast Revenue Share by Applications (2020-2025)
Figure Global Commercial Sales and Growth Rate (2015-2020)
Figure Global Commercial Price (2015-2020)
Figure Global Residential Sales and Growth Rate (2015-2020)
Figure Global Residential Price (2015-2020)
Figure Global Industrial Sales and Growth Rate (2015-2020)
Figure Global Industrial Price (2015-2020)
Figure Global PV Module Market Revenue ($) and Growth Rate Forecast of Commercial (2020-2025)
Figure Global PV Module Sales and Growth Rate Forecast of Commercial (2020-2025)
Figure Global PV Module Market Revenue ($) and Growth Rate Forecast of Residential (2020-2025)
Figure Global PV Module Sales and Growth Rate Forecast of Residential (2020-2025)
Figure Global PV Module Market Revenue ($) and Growth Rate Forecast of Industrial (2020-2025)
Figure Global PV Module Sales and Growth Rate Forecast of Industrial (2020-2025)
Figure Global PV Module Sales and Growth Rate (2015-2020)
Table Global PV Module Sales by Regions (2015-2020)
Table Global PV Module Sales Market Share by Regions (2015-2020)
Figure Global PV Module Sales Market Share by Regions in 2019
Figure Global PV Module Revenue and Growth Rate (2015-2020)
Table Global PV Module Revenue by Regions (2015-2020)
Table Global PV Module Revenue Market Share by Regions (2015-2020)
Figure Global PV Module Revenue Market Share by Regions in 2019
Table Global PV Module Market Forecast Sales by Regions (2020-2025)
Table Global PV Module Market Forecast Sales Share by Regions (2020-2025)
Table Global PV Module Market Forecast Revenue ($) by Regions (2020-2025)
Table Global PV Module Market Forecast Revenue Share by Regions (2020-2025)
Figure North America PV Module Market Sales and Growth Rate (2015-2020)
Figure North America PV Module Market Revenue and Growth Rate (2015-2020)
Figure North America PV Module Market Forecast Sales (2020-2025)
Figure North America PV Module Market Forecast Revenue ($) (2020-2025)
Figure North America COVID-19 Status
Figure U.S. PV Module Market Sales and Growth Rate (2015-2020)
Figure Canada PV Module Market Sales and Growth Rate (2015-2020)
Figure Mexico PV Module Market Sales and Growth Rate (2015-2020)
Figure Europe PV Module Market Sales and Growth Rate (2015-2020)
Figure Europe PV Module Market Revenue and Growth Rate (2015-2020)
Figure Europe PV Module Market Forecast Sales (2020-2025)
Figure Europe PV Module Market Forecast Revenue ($) (2020-2025)
Figure Europe COVID-19 Status
Figure Germany PV Module Market Sales and Growth Rate (2015-2020)
Figure United Kingdom PV Module Market Sales and Growth Rate (2015-2020)
Figure France PV Module Market Sales and Growth Rate (2015-2020)
Figure Italy PV Module Market Sales and Growth Rate (2015-2020)
Figure Spain PV Module Market Sales and Growth Rate (2015-2020)
Figure Russia PV Module Market Sales and Growth Rate (2015-2020)
Figure Asia-Pacific PV Module Market Sales and Growth Rate (2015-2020)
Figure Asia-Pacific PV Module Market Revenue and Growth Rate (2015-2020)
Figure Asia-Pacific PV Module Market Forecast Sales (2020-2025)
Figure Asia-Pacific PV Module Market Forecast Revenue ($) (2020-2025)
Figure Asia Pacific COVID-19 Status
Figure China PV Module Market Sales and Growth Rate (2015-2020)
Figure Japan PV Module Market Sales and Growth Rate (2015-2020)
Figure South Korea PV Module Market Sales and Growth Rate (2015-2020)
Figure Australia PV Module Market Sales and Growth Rate (2015-2020)
Figure India PV Module Market Sales and Growth Rate (2015-2020)
Figure South America PV Module Market Sales and Growth Rate (2015-2020)
Figure South America PV Module Market Revenue and Growth Rate (2015-2020)
Figure South America PV Module Market Forecast Sales (2020-2025)
Figure South America PV Module Market Forecast Revenue ($) (2020-2025)
Figure Brazil PV Module Market Sales and Growth Rate (2015-2020)
Figure Argentina PV Module Market Sales and Growth Rate (2015-2020)
Figure Columbia PV Module Market Sales and Growth Rate (2015-2020)
Figure Middle East and Africa PV Module Market Sales and Growth Rate (2015-2020)
Figure Middle East and Africa PV Module Market Revenue and Growth Rate (2015-2020)
Figure Middle East and Africa PV Module Market Forecast Sales (2020-2025)
Figure Middle East and Africa PV Module Market Forecast Revenue ($) (2020-2025)
Figure UAE PV Module Market Sales and Growth Rate (2015-2020)
Figure Egypt PV Module Market Sales and Growth Rate (2015-2020)
Figure South Africa PV Module Market Sales and Growth Rate (2015-2020)
Research Methodology:
PV Module Market Size Estimation
To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.
Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.
Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.
We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.
Data Source
Secondary Sources
This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.
These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.
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| Market Position of Top Company |
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| Qualitative Analysis |
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Primary Sources
As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.
On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.
These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.
Key Data Information from Primary Sources
| Primary Sources | Parameters | Key Data |
| Market Segments(by Application, by Type) |
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| Total Market |
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