Published Year: 2023
TOPCon Solar Cells Market - A Global and Regional Analysis: Focus on End User, Type, Installation an
The global TOPCon solar cells market was valued at $7.54 billion in 2022 and is anticipated to...
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Table of Contents
1.1 Industry Outlook
1.1.1 Trends: Current and Future
1.1.1.1 Emergence of TOPCon Solar Cells as New PV Module Technology in the Solar Industry
1.1.1.2 Rising Photovoltaics Demand in Emerging Markets
1.1.2 Supply Chain Analysis
1.1.3 Ecosystem of TOPCon Solar Cells Market
1.1.3.1 Consortiums and Associations
1.1.3.2 Regulatory/Certification Bodies
1.1.3.3 Government Programs
1.1.3.4 Programs by Research Institutions and Universities
1.1.4 Impact of COVID-19 on the TOPCon Solar Cells Market
1.1.5 Comparative Analysis between TOPCon, Heterojunction, and Perovskite Solar Cells
1.1.6 Comparative Analysis between TOPCon and PERC Cells
1.1.7 Potential Efficiency of Solar Cells and Panels
1.1.8 Significant Advancements in TOPCon Solar Cells
1.1.9 Recent Investments Made in TOPCon Solar Cells Market
1.1.10 Emerging Start-Up Companies of TOPCon Solar Cells Market
1.2 Business Dynamics
1.2.1 Business Drivers
1.2.1.1 Increasing Investment in Renewable Energy Sources for Power Generation
1.2.1.2 Flexible Manufacturing Process with TOPCon Technology
1.2.1.3 Growing Demand for TOPCON Solar Cells Due to Increased Upper Level of Efficiency
1.2.2 Business Challenges
1.2.2.1 Increased Need for Silver to Print the Contacts on the Cell
1.2.2.2 Constrained Market Acceptance and High Competition
1.2.3 Business Strategies
1.2.3.1 Product Developments
1.2.3.2 Market Developments
1.2.4 Corporate Strategies
1.2.4.1 Mergers and Acquisitions, Partnerships, Collaborations, and Joint Ventures
1.2.5 Business Opportunities
1.2.5.1 Growing Research and Development Activities for TOPCon Solar Cells
1.2.5.2 Growing Concern for the Environment and Carbon Neutrality Targets
1.3 Start-Up Landscape
1.3.1 Key Start-Ups in the Ecosystem
2.1 Europe
2.1.1 Markets
2.1.1.1 Key Producers and Suppliers in Europe
2.1.1.2 Business Drivers
2.1.1.3 Business Challenges
2.1.2 Application
2.1.2.1 Europe TOPCon Solar Cells Market (by End User), Volume and Value Data
2.1.3 Product
2.1.3.1 Europe TOPCon Solar Cells Market (by Type), Volume and Value Data
2.1.3.2 Europe TOPCon Solar Cells Market (by Installation), Volume and Value Data
2.1.4 Europe (by Country)
2.1.4.1 Germany
2.1.4.1.1 Markets
2.1.4.1.1.1 Buyer Attributes
2.1.4.1.1.2 Key Producers and Suppliers in Germany
2.1.4.1.1.3 Regulatory Landscape
2.1.4.1.1.4 Business Drivers
2.1.4.1.1.5 Business Challenges
2.1.4.1.2 Application
2.1.4.1.2.1 Germany TOPCon Solar Cells Market (by End User), Volume and Value Data
2.1.4.1.3 Product
2.1.4.1.3.1 Germany TOPCon Solar Cells Market (by Type), Volume and Value Data
2.1.4.1.3.2 Germany TOPCon Solar Cells Market (by Installation), Volume and Value Data
2.1.4.2 France
2.1.4.2.1 Markets
2.1.4.2.1.1 Buyer Attributes
2.1.4.2.1.2 Key Producers and Suppliers in France
2.1.4.2.1.3 Regulatory Landscape
2.1.4.2.1.4 Business Drivers
2.1.4.2.1.5 Business Challenges
2.1.4.2.2 Application
2.1.4.2.2.1 France TOPCon Solar Cells Market (by End User), Volume and Value Data
2.1.4.2.3 Product
2.1.4.2.3.1 France TOPCon Solar Cells Market (by Type), Volume and Value Data
2.1.4.2.3.2 France TOPCon Solar Cells Market (by Installation), Volume and Value Data
2.1.4.3 Italy
2.1.4.3.1 Market
2.1.4.3.1.1 Buyer Attributes
2.1.4.3.1.2 Key Producers and Suppliers in Italy
2.1.4.3.1.3 Regulatory Landscape
2.1.4.3.1.4 Business Drivers
2.1.4.3.1.5 Business Challenges
2.1.4.3.2 Application
2.1.4.3.2.1 Italy TOPCon Solar Cells Market (by End User), Volume and Value Data
2.1.4.3.3 Product
2.1.4.3.3.1 Italy TOPCon Solar Cells Market (by Type), Volume and Value Data
2.1.4.3.3.2 Italy TOPCon Solar Cells Market (by Installation), Volume and Value Data
2.1.4.4 Spain
2.1.4.4.1 Markets
2.1.4.4.1.1 Buyer Attributes
2.1.4.4.1.2 Key Producers and Suppliers in Spain
2.1.4.4.1.3 Regulatory Landscape
2.1.4.4.1.4 Business Drivers
2.1.4.4.1.5 Business Challenges
2.1.4.4.2 Application
2.1.4.4.2.1 Spain TOPCon Solar Cells Market (by End User), Volume and Value Data
2.1.4.4.3 Product
2.1.4.4.3.1 Spain TOPCon Solar Cells Market (by Type), Volume and Value Data
2.1.4.4.3.2 Spain TOPCon Solar Cells Market (by Installation), Volume and Value Data
2.1.4.5 Rest-of-Europe (RoE)
2.1.4.5.1 Market
2.1.4.5.1.1 Buyer Attributes
2.1.4.5.1.2 Key Producers and Suppliers in Rest-of-Europe
2.1.4.5.1.3 Business Drivers
2.1.4.5.1.4 Business Challenges
2.1.4.5.2 Application
2.1.4.5.2.1 Rest-of-Europe TOPCon Solar Cells Market (by End User), Volume and Value Data
2.1.4.5.3 Product
2.1.4.5.3.1 Rest-of-Europe TOPCon Solar Cells Market (by Type), Volume and Value Data
2.1.4.5.3.2 Rest-of-Europe TOPCon Solar Cells Market (by Installation), Volume and Value Data
2.2 U.K.
2.2.1 Market
2.2.1.1 Buyer Attributes
2.2.1.2 Key Producers and Suppliers in the U.K.
2.2.1.3 Regulatory Landscape
2.2.1.4 Business Drivers
2.2.1.5 Business Challenges
2.2.2 Application
2.2.2.1 U.K. TOPCon Solar Cells Market (by End User), Volume and Value Data
2.2.3 Product
2.2.3.1 U.K. TOPCon Solar Cells Market (by Type), Volume and Value Data
2.2.3.2 U.K. TOPCon Solar Cells Market (by Installation), Volume and Value Data
3.1 Competitive Benchmarking
3.1.1 Competitive Position Matrix
3.1.2 Product Matrix for Key Companies (by Type)
3.1.3 Market Share Analysis of Key Companies, 2021
3.2 Company Profiles
3.2.1 AESOLAR
3.2.1.1 Company Overview
3.2.1.2 Role of AESOLAR in the TOPCon Solar Cells Market
3.2.1.2.1 Product Portfolio
3.2.1.2.2 Production Sites
3.2.1.3 Analyst View
3.2.2 CARBON
3.2.2.1 Company Overview
3.2.2.2 Role of CARBON in the TOPCon Solar Cells Market
3.2.2.2.1 Product Portfolio
3.2.2.2.2 Production Sites
3.2.2.2.3 Business Strategies
3.2.2.2.3.1 Market Developments
3.2.2.3 Analyst View
3.2.3 RENA Technologies GmbH
3.2.3.1 Company Overview
3.2.3.2 Role of RENA Technologies GmbH in the TOPCon Solar Cells Market
3.2.3.2.1 Product Portfolio
3.2.3.2.2 Production Sites
3.2.3.2.3 Business Strategies
3.2.3.2.3.1 Market Developments
3.2.3.2.4 Corporate Strategies
3.2.3.2.4.1 Mergers, Acquisitions, Partnerships, and Joint Ventures
3.2.3.3 Analyst View
3.2.4 Exiom Solution SA
3.2.4.1 Company Overview
3.2.4.2 Role of Exiom Solution SA in the TOPCon Solar Cell Market
3.2.4.2.1 Product Portfolio
3.2.4.2.2 Production Sites
3.2.4.2.3 Business Strategies
3.2.4.2.3.1 Product Developments
3.2.4.2.4 Corporate Strategies
3.2.4.2.4.1 Mergers, Acquisitions, Partnerships, and Joint Ventures
3.2.4.3 Analyst View
3.2.5 REC Solar Holdings AS
3.2.5.1 Company Overview
3.2.5.2 Role of REC Solar Holdings AS in the TOPCon Solar Cell Market
3.2.5.2.1 Product Portfolio
3.2.5.2.2 Production Sites
3.2.5.2.3 Business Strategies
3.2.5.2.3.1 Product Developments
3.2.5.2.4 Corporate Strategies
3.2.5.2.4.1 Mergers, Acquisitions, Partnerships, and Joint Ventures
3.2.5.3 Analyst View
3.2.6 Hanwha QCells
3.2.6.1 Company Overview
3.2.6.2 Role of Hanwha QCells in the TOPCon Solar Cell Market
3.2.6.2.1 Product Portfolio
3.2.6.2.2 Production Sites
3.2.6.2.3 Business Strategies
3.2.6.2.3.1 Market Developments
3.2.6.2.4 Corporate Strategies
3.2.6.2.4.1 Mergers, Acquisitions, Partnerships, and Joint Ventures
3.2.6.3 Analyst View
3.2.7 LUXOR SOLAR
3.2.7.1 Company Overview
3.2.7.2 Role of LUXOR SOLAR in the TOPCon Solar Cell Market
3.2.7.2.1 Product Portfolio
3.2.7.2.2 Production Sites
3.2.7.3 Analyst View
3.2.8 FuturaSun srl
3.2.8.1 Company Overview
3.2.8.2 Role of FuturaSun srl in the TOPCon Solar Cell Market
3.2.8.2.1 Product Portfolio
3.2.8.2.2 Production Sites
3.2.8.2.3 Business Strategies
3.2.8.2.3.1 Market Development
3.2.8.3 Analyst View
3.2.9 SoliTek
3.2.9.1 Company Overview
3.2.9.2 Role of SoliTek in the TOPCon Solar Cell Market
3.2.9.2.1 Product Portfolio
3.2.9.2.2 Production Sites
3.2.9.3 Analyst View
4.1 Primary Data Sources
4.2 BIS Data Sources
4.3 Assumptions and Limitations
Table 1: Comparative Analysis of Different Types of Solar Cells
Table 2: List of Regulatory/Certification Bodies
Table 3: List of Government Programs for TOPCon Solar Cells Market
Table 4: List of Programs by Research Institutions and Universities
Table 5: Key Product Developments
Table 6: Key Market Developments
Table 7: Key Mergers and Acquisitions, Partnerships, Collaborations, and Joint Ventures
Table 8: TOPCon Solar Cells Market (by region), GW, 2022-2032
Table 9: TOPCon Solar Cells Market (by region), $Billion, 2022-2032
Table 10: Europe TOPCon Solar Cells Market (by End User), GW, 2022-2032
Table 11: Europe TOPCon Solar Cells Market (by End User), $Billion, 2022-2032
Table 12: Europe TOPCon Solar Cells Market (by Type), GW, 2022-2032
Table 13: Europe TOPCon Solar Cells Market (by Type), $Billion, 2022-2032
Table 14: Europe TOPCon Solar Cells Market (by Installation), GW, 2022-2032
Table 15: Europe TOPCon Solar Cells Market (by Installation), $Billion, 2022-2032
Table 16: Germany TOPCon Solar Cells Market (by End User), GW, 2022-2032
Table 17: Germany TOPCon Solar Cells Market (by End User), $Billion, 2022-2032
Table 18: Germany TOPCon Solar Cells Market (by Type), GW, 2022-2032
Table 19: Germany TOPCon Solar Cells Market (by Type), $Billion, 2022-2032
Table 20: Germany TOPCon Solar Cells Market (by Installation), GW, 2022-2032
Table 21: Germany TOPCon Solar Cells Market (by Installation), $Billion, 2022-2032
Table 22: France TOPCon Solar Cells Market (by End User), GW, 2022-2032
Table 23: France TOPCon Solar Cells Market (by End User), $Billion, 2022-2032
Table 24: France TOPCon Solar Cells Market (by Type), GW, 2022-2032
Table 25: France TOPCon Solar Cells Market (by Type), $Billion, 2022-2032
Table 26: France TOPCon Solar Cells Market (by Installation), GW, 2022-2032
Table 27: France TOPCon Solar Cells Market (by Installation), $Billion, 2022-2032
Table 28: Italy TOPCon Solar Cells Market (by End User), GW, 2022-2032
Table 29: Italy TOPCon Solar Cells Market (by End User), $Billion, 2022-2032
Table 30: Italy TOPCon Solar Cells Market (by Type), GW, 2022-2032
Table 31: Italy TOPCon Solar Cells Market (by Type), $Billion, 2022-2032
Table 32: Italy TOPCon Solar Cells Market (by Installation), GW, 2022-2032
Table 33: Italy TOPCon Solar Cells Market (by Installation), $Billion, 2022-2032
Table 34: Spain TOPCon Solar Cells Market (by End User), GW, 2022-2032
Table 35: Spain TOPCon Solar Cells Market (by End User), $Billion, 2022-2032
Table 36: Spain TOPCon Solar Cells Market (by Type), GW, 2022-2032
Table 37: Spain TOPCon Solar Cells Market (by Type), $Billion, 2022-2032
Table 38: Spain TOPCon Solar Cells Market (by Installation), GW, 2022-2032
Table 39: Spain TOPCon Solar Cells Market (by Installation), $Billion, 2022-2032
Table 40: Rest-of-Europe TOPCon Solar Cells Market (by End User), GW, 2022-2032
Table 41: Rest-of-Europe TOPCon Solar Cells Market (by End User), $Billion, 2022-2032
Table 42: Rest-of-Europe TOPCon Solar Cells Market (by Type), GW, 2022-2032
Table 43: Rest-of-Europe TOPCon Solar Cells Market (by Type), $Billion, 2022-2032
Table 44: Rest-of-Europe TOPCon Solar Cells Market (by Installation), GW, 2022-2032
Table 45: Rest-of-Europe TOPCon Solar Cells Market (by Installation), $Billion, 2022-2032
Table 46: U.K. TOPCon Solar Cells Market (by End User), GW, 2022-2032
Table 47: U.K. TOPCon Solar Cells Market (by End User), $Billion, 2022-2032
Table 48: U.K. TOPCon Solar Cells Market (by Type), GW, 2022-2032
Table 49: U.K. TOPCon Solar Cells Market (by Type), $Billion, 2022-2032
Table 50: U.K. TOPCon Solar Cells Market (by Installation), GW, 2022-2032
Table 51: U.K. TOPCon Solar Cells Market (by Installation), $Billion, 2022-2032
Table 52: Product Matrix for Key Companies (by Type)
Table 53: Market Shares of Key Companies, 2021
Figure 1: Europe TOPCon Solar Cells Market, $Billion, 2022, 2023, and 2032
Figure 2: Europe TOPCon Solar Cells Market (by End User), $Billion, 2022 and 2032
Figure 3: Europe TOPCon Solar Cells Market (by Type), $Billion, 2022 and 2032
Figure 4: Europe TOPCon Solar Cells Market (by Installation), $Billion, 2022 and 2032
Figure 5: TOPCon Solar Cells Market (by region), $Billion, 2022 and 2032
Figure 6: Estimated Efficiency Level of TOPCon Solar Cells, 2022-2024
Figure 7: Top 10 PV Markets by Installed Capacity
Figure 8: Top Ten Countries for PV Installation and Total Installed PV Capacity in 2022
Figure 9: Supply Chain Analysis of the TOPCon Solar Cells Market
Figure 10: Clean Energy Investment in the Net Zero Pathway, $Trillion, 2016-2050
Figure 11: Renewable Power Generation Based on Technology (Solar) in the Net-Zero Scenario, 2016-2030
Figure 12: Research Methodology
Figure 13: Top-Down and Bottom-Up Approach
Figure 14: TOPCon Solar Cells Market: Influencing Factors
Figure 15: Assumptions and Limitations
Europe TOPCon Solar Cells Market Report Coverage
|
Europe TOPCon Solar Cells Market |
|||
|
Base Year |
2022 |
Market Size in 2023 |
$1.38 Billion |
|
Forecast Period |
2023-2032 |
Value Projection and Estimation by 2032 |
$6.16 Billion |
|
CAGR During Forecast Period |
18.1% |
|
|
Key Market Players and Competition Synopsis
The companies that are profiled have been selected based on inputs gathered from primary experts and analyzing company coverage, product portfolio, and market penetration.
Some prominent names established in this market are:
• AESOLAR
• RENA Technologies GmbH
• FuturaSun srl
How can this report add value to an organization?
Product/Innovation Strategy: The product segment helps the reader to understand the different types involved in TOPCon solar cells. Moreover, the study provides the reader with a detailed understanding of the Europe TOPCon solar cells market based on the end user (residential, commercial, utility, agriculture, and others). TOPCon solar cells are gaining traction in end-user industries on the back of sustainability concerns and their higher efficiency properties. They are also being used for controlling GHG emissions. Moreover, partnerships and collaborations are expected to play a crucial role in strengthening market position over the coming years, with the companies focusing on bolstering their technological capabilities and gaining a dominant market share in the TOPCon solar cells industry.
Growth/Marketing Strategy: The Europe TOPCon solar cells market has been growing at a rapid pace. The market offers enormous opportunities for existing and emerging market players. Some of the strategies covered in this segment are mergers and acquisitions, product launches, partnerships and collaborations, business expansions, and investments. The strategies preferred by companies to maintain and strengthen their market position primarily include partnerships, agreements, and collaborations.
Competitive Strategy: The key players in the Europe TOPCon solar cells market analyzed and profiled in the study include TOPCon solar cells providers that develop, maintain, and market TOPCon solar cells. Moreover, a detailed competitive benchmarking of the players operating in the Europe TOPCon solar cells market has been done to help the reader understand the ways in which players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
Introduction to Europe TOPCon Solar Cells Market
The Europe TOPCon solar cells market (excluding U.K.) was valued at $1.38 billion in 2023 and is anticipated to reach $6.16 billion by 2032, witnessing a CAGR of 18.1% during the forecast period 2023-2032. The TOPCon solar cells market is anticipated to grow due to increased requests for solar cells characterized by high efficiency levels and a versatile manufacturing approach facilitated by TOPCon technology.
Market Introduction
The Europe TOPCon solar cells market is currently experiencing a phase of rapid growth, characterized by a surge in the number of companies offering TOPCon cells. This expansion is attributed to the latest technological advancements in photovoltaics and the increasing deployment of utility projects in residential and commercial sectors, driving the adoption of TOPCon solar cells across the continent. Additionally, the region's heightened investments in renewable energy are a key driver, given its minimal carbon footprint and competitive manufacturing costs. TOPCon solar cells distinguish themselves by their superior efficiency, owing to their specialized design and production techniques. With growing demand in Europe, particularly from the utility, residential, and commercial sectors, the competition among established and emerging TOPCon solar cell providers is expected to intensify, further fueling the market's momentum.
Market Segmentation:
Segmentation 1: by End User
• Residential
• Commercial
• Utility
• Agriculture
• Others
Segmentation 2: by Type
• N-Type
• P-Type
Segmentation 3: by Installation
• Ground-Mounted
• Rooftop
Segmentation 4: by Country
• Germany
• Spain
• France
• Italy
• Rest-of-Europe
Europe TOPCon Solar Cells Market
Analysis and Forecast, 2023-2032
Some Faq's
Frequently Asked Questions
The players operating in the TOPCon solar cells ecosystem, including TOPCon solar cells providers, solar cells providers, and solar panels and cells businesses/companies, should buy this report.
The global TOPCon solar cells market was valued at $7.54 billion in 2022 and is anticipated to reach $40.69 billion by 2032, witnessing a CAGR of 19.8% during the forecast period 2023-2032.
TOPCon solar cells are a technology that utilizes passivated contacts and a tunnel oxide layer to create a low-resistance contact structure, resulting in improved conversion efficiencies and increased power output. This technology is primarily associated with N-type cells and involves the use of silicon wafers for both P-type and N-type solar cells.
TOPCon (Tunnel Oxide Passivated Contact) solar cells offer key advantages, including higher efficiency, low electrical resistance, enhanced durability, reduced degradation, versatility for both N-type and P-type cells, suitability for bifacial panels, and the potential for long-term cost savings. These benefits make TOPCon technology a valuable choice for efficient and sustainable solar energy generation.
TOPCon is a technology used in the contact structure of solar cells, whereas N-type refers to the type of silicon used in the solar cell's semiconductor material. TOPCon solar cells can be either N-type or P-type, depending on the semiconductor material used. N-type solar panels specifically use N-type silicon, known for its higher efficiency and lower sensitivity to certain impurities compared to P-type silicon used in traditional solar panels.
TOPCon is a technology used in the contact structure of solar cells, whereas N-type refers to the type of silicon used in the solar cell's semiconductor material. TOPCon solar cells can be either N-type or P-type, depending on the semiconductor material used. N-type solar panels specifically use N-type silicon, known for its higher efficiency and lower sensitivity to certain impurities compared to P-type silicon used in traditional solar panels.
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