Monocrystalline Solar Cell Market is segmented By Grid Type (Grid Connected, Off-Grid), By Applicati....
Market Size in USD Bn
CAGR8.51%
Study Period | 2024 - 2031 |
Base Year of Estimation | 2023 |
CAGR | 8.51% |
Market Concentration | High |
Major Players | LONGi Green Energy Technology Co., Ltd., JinkoSolar Holding Co., Ltd., Trina Solar Limited, Canadian Solar Inc., JA Solar Holdings Co., Ltd. and Among Others |
The monocrystalline solar cell market is estimated to be valued at USD 6.55 Bn in 2024 and is expected to reach USD 11.6 Bn by 2031. It is projected to grow at a compound annual growth rate (CAGR) of 8.51% from 2024 to 2031. Factors such as rising concern over emission of greenhouse gases and focus on alternative renewable sources of energy are driving increased demand in the monocrystalline solar cell market.