TOPCon Solar Cells Market Analysis and Forecast, 2023-2032

Market Research Report

A quick peek into the report

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 Global 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 Global 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 Global TOPCon Solar Cells Market
1.1.10   Emerging Start-Up Companies of Global 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   Global TOPCon Solar Cells Market (Applications and Specifications)
2.1.1   Global TOPCon Solar Cells Market (by End User)
2.1.2   Residential
2.1.3   Commercial
2.1.4   Agriculture
2.1.5   Utility
2.1.6   Others
2.2   Demand Analysis of Global TOPCon Solar Cells Market (by End User), Volume and Value Data

3.1   Global TOPCon Solar Cells Market (Products and Specifications)
3.1.1   Global TOPCon Solar Cells Market (by Type)
3.1.2   N-Type
3.1.3   P-Type
3.2   Demand Analysis of Global TOPCon Solar Cells Market (by Type), Volume and Value Data
3.3   Global TOPCon Solar Cells Market (Products and Specifications)
3.3.1   Global TOPCon solar Cells Market (by Installation)
3.3.2   Rooftop
3.3.3   Ground-Mounted
3.4   Demand Analysis of TOPCon Solar Cells Market (by Installation), Volume and Value Data
3.5   Product Benchmarking: Growth Rate – Market Share Matrix (by Type), 2022
3.6   Patent Analysis
3.6.1   Patent Analysis (by Status)
3.6.2   Patent Analysis (by Organization)
3.7   Pricing Analysis
3.7.1   Average Pricing Analysis, TOPCon Solar Cells (by Global and Region), 2022-2032

4.1   North America
4.1.1   Market
4.1.1.1   Key Producers and Suppliers in North America
4.1.1.2   Business Drivers
4.1.1.3   Business Challenges
4.1.2   Application
4.1.2.1   North America TOPCon Solar Cells Market (by End User), Volume and Value Data
4.1.3   Product
4.1.3.1   North America TOPCon Solar Cells Market (by Type), Volume and Value Data
4.1.3.2   North America TOPCon Solar Cells Market (by Installation), Volume and Value Data
4.1.4   North America (by Country)
4.1.4.1   U.S.
4.1.4.1.1   Market
4.1.4.1.1.1   Buyer Attributes
4.1.4.1.1.2   Key Producers and Suppliers in the U.S.
4.1.4.1.1.3   Regulatory Landscape
4.1.4.1.1.4   Business Drivers
4.1.4.1.1.5   Business Challenges
4.1.4.1.2   Application
4.1.4.1.2.1   U.S. TOPCon Solar Cells Market (by End User), Volume and Value Data
4.1.4.1.3   Product
4.1.4.1.3.1   U.S. TOPCon Solar Cells Market (by Type), Volume and Value Data
4.1.4.1.3.2   U.S. TOPCon Solar Cells Market (by Installation), Volume and Value Data
4.1.4.2   Canada
4.1.4.2.1   Market
4.1.4.2.1.1   Buyer Attributes
4.1.4.2.1.2   Key Producers and Suppliers in Canada
4.1.4.2.1.3   Regulatory Landscape
4.1.4.2.1.4   Business Drivers
4.1.4.2.1.5   Business Challenges
4.1.4.2.2   Application
4.1.4.2.2.1   Canada TOPCon Solar Cells Market (by End User), Volume and Value Data
4.1.4.2.3   Product
4.1.4.2.3.1   Canada TOPCon Solar Cells Market (by Type), Volume and Value Data
4.1.4.2.3.2   Canada TOPCon Solar Cells Market (by Installation), Volume and Value Data
4.1.4.3   Mexico
4.1.4.3.1   Market
4.1.4.3.1.1   Buyer Attributes
4.1.4.3.1.2   Key Producers and Suppliers in Mexico
4.1.4.3.1.3   Regulatory Landscape
4.1.4.3.1.4   Business Drivers
4.1.4.3.1.5   Business Challenges
4.1.4.3.2   Application
4.1.4.3.2.1   Mexico TOPCon Solar Cells Market (by End User), Volume and Value Data
4.1.4.3.3   Product
4.1.4.3.3.1   Mexico TOPCon Solar Cells Market (by Type), Volume and Value Data
4.1.4.3.3.2   Mexico TOPCon Solar Cells Market (by Installation), Volume and Value Data
4.2   Europe
4.2.1   Markets
4.2.1.1   Key Producers and Suppliers in Europe
4.2.1.2   Business Drivers
4.2.1.3   Business Challenges
4.2.2   Application
4.2.2.1   Europe TOPCon Solar Cells Market (by End User), Volume and Value Data
4.2.3   Product
4.2.3.1   Europe TOPCon Solar Cells Market (by Type), Volume and Value Data
4.2.3.2   Europe TOPCon Solar Cells Market (by Installation), Volume and Value Data
4.2.4   Europe (by Country)
4.2.4.1   Germany
4.2.4.1.1   Markets
4.2.4.1.1.1   Buyer Attributes
4.2.4.1.1.2   Key Producers and Suppliers in Germany
4.2.4.1.1.3   Regulatory Landscape
4.2.4.1.1.4   Business Drivers
4.2.4.1.1.5   Business Challenges
4.2.4.1.2   Application
4.2.4.1.2.1   Germany TOPCon Solar Cells Market (by End User), Volume and Value Data
4.2.4.1.3   Product
4.2.4.1.3.1   Germany TOPCon Solar Cells Market (by Type), Volume and Value Data
4.2.4.1.3.2   Germany TOPCon Solar Cells Market (by Installation), Volume and Value Data
4.2.4.2   France
4.2.4.2.1   Markets
4.2.4.2.1.1   Buyer Attributes
4.2.4.2.1.2   Key Producers and Suppliers in France
4.2.4.2.1.3   Regulatory Landscape
4.2.4.2.1.4   Business Drivers
4.2.4.2.1.5   Business Challenges
4.2.4.2.2   Application
4.2.4.2.2.1   France TOPCon Solar Cells Market (by End User), Volume and Value Data
4.2.4.2.3   Product
4.2.4.2.3.1   France TOPCon Solar Cells Market (by Type), Volume and Value Data
4.2.4.2.3.2   France TOPCon Solar Cells Market (by Installation), Volume and Value Data
4.2.4.3   Italy
4.2.4.3.1   Market
4.2.4.3.1.1   Buyer Attributes
4.2.4.3.1.2   Key Producers and Suppliers in Italy
4.2.4.3.1.3   Regulatory Landscape
4.2.4.3.1.4   Business Drivers
4.2.4.3.1.5   Business Challenges
4.2.4.3.2   Application
4.2.4.3.2.1   Italy TOPCon Solar Cells Market (by End User), Volume and Value Data
4.2.4.3.3   Product
4.2.4.3.3.1   Italy TOPCon Solar Cells Market (by Type), Volume and Value Data
4.2.4.3.3.2   Italy TOPCon Solar Cells Market (by Installation), Volume and Value Data
4.2.4.4   Spain
4.2.4.4.1   Markets
4.2.4.4.1.1   Buyer Attributes
4.2.4.4.1.2   Key Producers and Suppliers in Spain
4.2.4.4.1.3   Regulatory Landscape
4.2.4.4.1.4   Business Drivers
4.2.4.4.1.5   Business Challenges
4.2.4.4.2   Application
4.2.4.4.2.1   Spain TOPCon Solar Cells Market (by End User), Volume and Value Data
4.2.4.4.3   Product
4.2.4.4.3.1   Spain TOPCon Solar Cells Market (by Type), Volume and Value Data
4.2.4.4.3.2   Spain TOPCon Solar Cells Market (by Installation), Volume and Value Data
4.2.4.5   Rest-of-Europe (RoE)
4.2.4.5.1   Market
4.2.4.5.1.1   Buyer Attributes
4.2.4.5.1.2   Key Producers and Suppliers in Rest-of-Europe
4.2.4.5.1.3   Business Drivers
4.2.4.5.1.4   Business Challenges
4.2.4.5.2   Application
4.2.4.5.2.1   Rest-of-Europe TOPCon Solar Cells Market (by End User), Volume and Value Data
4.2.4.5.3   Product
4.2.4.5.3.1   Rest-of-Europe TOPCon Solar Cells Market (by Type), Volume and Value Data
4.2.4.5.3.2   Rest-of-Europe TOPCon Solar Cells Market (by Installation), Volume and Value Data
4.3   U.K.
4.3.1   Market
4.3.1.1   Buyer Attributes
4.3.1.2   Key Producers and Suppliers in the U.K.
4.3.1.3   Regulatory Landscape
4.3.1.4   Business Drivers
4.3.1.5   Business Challenges
4.3.2   Application
4.3.2.1   U.K. TOPCon Solar Cells Market (by End User), Volume and Value Data
4.3.3   Product
4.3.3.1   U.K. TOPCon Solar Cells Market (by Type), Volume and Value Data
4.3.3.2   U.K. TOPCon Solar Cells Market (by Installation), Volume and Value Data
4.4   China
4.4.1   Market
4.4.1.1   Buyer Attributes
4.4.1.2   Key Producers and Suppliers in China
4.4.1.3   Regulatory Landscape
4.4.1.4   Business Drivers
4.4.1.5   Business Challenges
4.4.2   Application
4.4.2.1   China TOPCon Solar Cells Market (by End User), Volume and Value Data
4.4.3   Product
4.4.3.1   China TOPCon Solar Cells Market (by Type), Volume and Value Data
4.4.3.2   China TOPCon Solar Cells Market (by Installation), Volume and Value Data
4.5   Asia-Pacific and Japan
4.5.1   Markets
4.5.1.1   Key Producers and Suppliers in Asia-Pacific and Japan
4.5.1.2   Business Drivers
4.5.1.3   Business Challenges
4.5.2   Application
4.5.2.1   Asia-Pacific and Japan TOPCon Solar Cells Market (by End User), Volume and Value Data
4.5.3   Product
4.5.3.1   Asia-Pacific and Japan TOPCon Solar Cells Market (by Type), Volume and Value Data
4.5.3.2   Asia-Pacific and Japan TOPCon Solar Cells Market (by Installation), Volume and Value Data
4.5.4   Asia-Pacific and Japan (by Country)
4.5.4.1   Japan
4.5.4.1.1   Markets
4.5.4.1.1.1   Buyer Attributes
4.5.4.1.1.2   Key Producers and Suppliers in Japan
4.5.4.1.1.3   Regulatory Landscape
4.5.4.1.1.4   Business Drivers
4.5.4.1.1.5   Business Challenges
4.5.4.1.2   Application
4.5.4.1.2.1   Japan TOPCon Solar Cells Market (by End User), Volume and Value Data
4.5.4.1.3   Product
4.5.4.1.3.1   Japan TOPCon Solar Cells Market (by Type), Volume and Value Data
4.5.4.1.3.2   Japan TOPCon Solar Cells Market (by Installation), Volume and Value Data
4.5.4.2   South Korea
4.5.4.2.1   Markets
4.5.4.2.1.1   Buyer Attributes
4.5.4.2.1.2   Key Producers and Suppliers in South Korea
4.5.4.2.1.3   Regulatory Landscape
4.5.4.2.1.4   Business Drivers
4.5.4.2.1.5   Business Challenges
4.5.4.2.2   Application
4.5.4.2.2.1   South Korea TOPCon Solar Cells Market (by End User), Volume and Value Data
4.5.4.2.3   Product
4.5.4.2.3.1   South Korea TOPCon Solar Cells Market (by Type), Volume and Value Data
4.5.4.2.3.2   South Korea TOPCon Solar Cells Market (by Installation), Volume and Value Data
4.5.4.3   India
4.5.4.3.1   Markets
4.5.4.3.1.1   Buyer Attributes
4.5.4.3.1.2   Key Producers and Suppliers in India
4.5.4.3.1.3   Regulatory Landscape
4.5.4.3.1.4   Business Drivers
4.5.4.3.1.5   Business Challenges
4.5.4.3.2   Application
4.5.4.3.2.1   India TOPCon Solar Cells Market (by End User), Volume and Value Data
4.5.4.3.3   Product
4.5.4.3.3.1   India TOPCon Solar Cells Market (by Type), Volume and Value Data
4.5.4.3.3.2   India TOPCon Solar Cells Market (by Installation), Volume and Value Data
4.5.4.4   Vietnam
4.5.4.4.1   Markets
4.5.4.4.1.1   Buyer Attributes
4.5.4.4.1.2   Key Producers and Suppliers in Vietnam
4.5.4.4.1.3   Regulatory Landscape
4.5.4.4.1.4   Business Drivers
4.5.4.4.1.5   Business Challenges
4.5.4.4.2   Application
4.5.4.4.2.1   Vietnam TOPCon Solar Cells Market (by End User), Volume and Value Data
4.5.4.4.3   Product
4.5.4.4.3.1   Vietnam TOPCon Solar Cells Market (by Type), Volume and Value Data
4.5.4.4.3.2   Vietnam TOPCon Solar Cells Market (by Installation), Volume and Value Data
4.5.4.5   Rest-of-Asia-Pacific and Japan
4.5.4.5.1   Markets
4.5.4.5.1.1   Buyer Attributes
4.5.4.5.1.2   Key Producers and Suppliers in the Rest-of-Asia-Pacific and Japan
4.5.4.5.1.3   Business Drivers
4.5.4.5.1.4   Business Challenges
4.5.4.5.2   Application
4.5.4.5.2.1   Rest-of-Asia-Pacific and Japan TOPCon Solar Cells Market (by End User), Volume and Value Data
4.5.4.5.3   Product
4.5.4.5.3.1   Rest-of-Asia-Pacific and Japan TOPCon Solar Cells Market (by Type), Volume and Value Data
4.5.4.5.3.2   Rest-of-Asia-Pacific and Japan TOPCon Solar Cells Market (by Installation), Volume and Value Data
4.6   Rest-of-the-World
4.6.1   Markets
4.6.1.1   Key Producers and Suppliers in the Rest-of-the-World
4.6.1.2   Business Drivers
4.6.1.3   Business Challenges
4.6.2   Application
4.6.2.1   Rest-of-the-World TOPCon Solar Cells Market (by End User), Volume and Value Data
4.6.3   Product
4.6.3.1   Rest-of-the-World TOPCon Solar Cells Market (by Type), Volume and Value Data
4.6.3.2   Rest-of-the-World TOPCon Solar Cells Market (by Installation), Volume and Value Data
4.6.4   Rest-of-the-World (by Region)
4.6.4.1   Middle East and Africa
4.6.4.1.1   Markets
4.6.4.1.1.1   Buyer Attributes
4.6.4.1.1.2   Key Producers and Suppliers in the Middle East and Africa
4.6.4.1.1.3   Regulatory Landscape
4.6.4.1.1.4   Business Drivers
4.6.4.1.1.5   Business Challenges
4.6.4.1.2   Application
4.6.4.1.2.1   Middle East and Africa TOPCon Solar Cells Market (by End User), Volume and Value Data
4.6.4.1.3   Product
4.6.4.1.3.1   Middle East and Africa TOPCon Solar Cells Market (by Type), Volume and Value Data
4.6.4.1.3.2   Middle East and Africa TOPCon Solar Cells Market (by Installation), Volume and Value Data
4.6.4.2   South America
4.6.4.2.1   Markets
4.6.4.2.1.1   Buyer Attributes
4.6.4.2.1.2   Key Producers and Suppliers in South America
4.6.4.2.1.3   Regulatory Landscape
4.6.4.2.1.4   Business Drivers
4.6.4.2.1.5   Business Challenges
4.6.4.2.2   Application
4.6.4.2.2.1   South America TOPCon Solar Cells Market (by End User), Volume and Value Data
4.6.4.2.3   Product
4.6.4.2.3.1   South America TOPCon Solar Cells Market (by Type), Volume and Value Data
4.6.4.2.3.2   South America TOPCon Solar Cells Market (by Installation), Volume and Value Data

5.1   Competitive Benchmarking
5.1.1   Competitive Position Matrix
5.1.2   Product Matrix for Key Companies (by Type)
5.1.3   Market Share Analysis of Key Companies, 2021
5.2   Company Profiles
5.2.1   Wuxi Suntech Power Co., Ltd.
5.2.1.1   Company Overview
5.2.1.2   Role of Wuxi Suntech Power Co., Ltd. in the Global TOPCon Solar Cells Market
5.2.1.2.1   Product Portfolio
5.2.1.2.2   Production Sites
5.2.1.2.3   Business Strategies
5.2.1.2.3.1   Product Developments
5.2.1.2.3.2   Market Developments
5.2.1.2.4   Corporate Strategies
5.2.1.2.4.1   Mergers, Acquisitions, Partnerships, and Joint Ventures
5.2.1.2.5   R&D Analysis
5.2.1.3   Analyst View
5.2.2   Trina Solar Co., Ltd.
5.2.2.1   Company Overview
5.2.2.2   Role of Trina Solar Co., Ltd. in the Global TOPCon Solar Cells Market
5.2.2.2.1   Product Portfolio
5.2.2.2.2   Production Sites
5.2.2.2.3   Business Strategies
5.2.2.2.3.1   Product Developments
5.2.2.2.3.2   Market Developments
5.2.2.2.4   Corporate Strategies
5.2.2.2.4.1   Mergers, Acquisitions, Partnerships, and Joint Ventures
5.2.2.2.5   R&D Analysis
5.2.2.3   Analyst View
5.2.3   JA SOLAR Technology Co., Ltd.
5.2.3.1   Company Overview
5.2.3.2   Role of JA SOLAR Technology Co., Ltd. in the Global TOPCon Solar Cell Market
5.2.3.2.1   Product Portfolio
5.2.3.2.2   Production Sites
5.2.3.2.3   Business Strategies
5.2.3.2.3.1   Product Developments
5.2.3.3   Analyst View
5.2.4   LONGi
5.2.4.1   Company Overview
5.2.4.2   Role of LONGi in the Global TOPCon Solar Cells Market
5.2.4.2.1   Product Portfolio
5.2.4.2.2   Production Sites
5.2.4.2.3   R&D Analysis
5.2.4.3   Analyst View
5.2.5   AESOLAR
5.2.5.1   Company Overview
5.2.5.2   Role of AESOLAR in the Global TOPCon Solar Cells Market
5.2.5.2.1   Product Portfolio
5.2.5.2.2   Production Sites
5.2.5.3   Analyst View
5.2.6   CARBON
5.2.6.1   Company Overview
5.2.6.2   Role of CARBON in the Global TOPCon Solar Cells Market
5.2.6.2.1   Product Portfolio
5.2.6.2.2   Production Sites
5.2.6.2.3   Business Strategies
5.2.6.2.3.1   Market Developments
5.2.6.3   Analyst View
5.2.7   RENA Technologies GmbH
5.2.7.1   Company Overview
5.2.7.2   Role of RENA Technologies GmbH in the Global TOPCon Solar Cells Market
5.2.7.2.1   Product Portfolio
5.2.7.2.2   Production Sites
5.2.7.2.3   Business Strategies
5.2.7.2.3.1   Market Developments
5.2.7.2.4   Corporate Strategies
5.2.7.2.4.1   Mergers, Acquisitions, Partnerships, and Joint Ventures
5.2.7.3   Analyst View
5.2.8   HELIENE Inc.
5.2.8.1   Company Overview
5.2.8.2   Role of HELIENE Inc. in the Global TOPCon Solar Cells Market
5.2.8.2.1   Product Portfolio
5.2.8.2.2   Production Sites
5.2.8.2.3   Business Strategies
5.2.8.2.3.1   Market Developments
5.2.8.3   Analyst View
5.2.9   Solar4America
5.2.9.1   Company Overview
5.2.9.2   Role of Solar4America in the Global TOPCon Solar Cells Market
5.2.9.2.1   Product Portfolio
5.2.9.2.2   Production/Operation Sites
5.2.9.2.3   Business Strategies
5.2.9.2.3.1   Market Developments
5.2.9.3   Analyst View
5.2.10   Exiom Solution SA
5.2.10.1   Company Overview
5.2.10.2   Role of Exiom Solution SA in the Global TOPCon Solar Cell Market
5.2.10.2.1   Product Portfolio
5.2.10.2.2   Production Sites
5.2.10.2.3   Business Strategies
5.2.10.2.3.1   Product Developments
5.2.10.2.4   Corporate Strategies
5.2.10.2.4.1   Mergers, Acquisitions, Partnerships, and Joint Ventures
5.2.10.3   Analyst View
5.2.11   REC Solar Holdings AS
5.2.11.1   Company Overview
5.2.11.2   Role of REC Solar Holdings AS in the Global TOPCon Solar Cell Market
5.2.11.2.1   Product Portfolio
5.2.11.2.2   Production Sites
5.2.11.2.3   Business Strategies
5.2.11.2.3.1   Product Developments
5.2.11.2.4   Corporate Strategies
5.2.11.2.4.1   Mergers, Acquisitions, Partnerships, and Joint Ventures
5.2.11.3   Analyst View
5.2.12   Boviet Solar
5.2.12.1   Company Overview
5.2.12.2   Role of Boviet Solar in the Global TOPCon Solar Cell Market
5.2.12.2.1   Product Portfolio
5.2.12.2.2   Production Sites
5.2.12.2.3   Business Strategies
5.2.12.2.3.1   Market Developments
5.2.12.3   Analyst View
5.2.13   Hanwha QCells
5.2.13.1   Company Overview
5.2.13.2   Role of Hanwha QCells in the Global TOPCon Solar Cell Market
5.2.13.2.1   Product Portfolio
5.2.13.2.2   Production Sites
5.2.13.2.3   Business Strategies
5.2.13.2.3.1   Market Developments
5.2.13.2.4   Corporate Strategies
5.2.13.2.4.1   Mergers, Acquisitions, Partnerships, and Joint Ventures
5.2.13.3   Analyst View
5.2.14   Websol Energy System Limited
5.2.14.1   Company Overview
5.2.14.2   Role of Websol Energy System Limited in the Global TOPCon Solar Cell Market
5.2.14.2.1   Product Portfolio
5.2.14.2.2   Production Sites
5.2.14.2.3   Business Strategies
   5.2.14.2.3.1   Market Developments
5.2.14.3   Analyst View
5.2.15   Sharp Energy Solutions Corporation
5.2.15.1   Company Overview
5.2.15.2   Role of Sharp Energy Solutions Corporation in the Global TOPCon Solar Cell Market
5.2.15.2.1   Product Portfolio
5.2.15.2.2   Production Sites
5.2.15.2.3   Business Strategies
5.2.15.2.3.1   Product Developments
5.2.15.3   Analyst View
5.2.16   LUXOR SOLAR
5.2.16.1   Company Overview
5.2.16.2   Role of LUXOR SOLAR in the Global TOPCon Solar Cell Market
5.2.16.2.1   Product Portfolio
5.2.16.2.2   Production Sites
5.2.16.3   Analyst View
5.2.17   Jolywood
5.2.17.1   Company Overview
5.2.17.2   Role of Jolywood in the Global TOPCon Solar Cell Market
5.2.17.2.1   Product Portfolio
5.2.17.2.2   Production Sites
5.2.17.2.3   Business Strategies
5.2.17.2.3.1   Market Developments
5.2.17.3   Analyst View
5.2.18   Canadian Solar
5.2.18.1   Company Overview
5.2.18.2   Role of Canadian Solar in the Global TOPCon Solar Cell Market
5.2.18.2.1   Product Portfolio
5.2.18.2.2   Production Sites
5.2.18.2.3   Business Strategies
5.2.18.2.3.1   Market Developments
5.2.18.2.4   R&D Analysis
5.2.18.3   Analyst View
5.2.19   FuturaSun srl
5.2.19.1   Company Overview
5.2.19.2   Role of FuturaSun srl in the Global TOPCon Solar Cell Market
5.2.19.2.1   Product Portfolio
5.2.19.2.2   Production Sites
5.2.19.2.3   Business Strategies
5.2.19.2.3.1   Market Development
5.2.19.3   Analyst View
5.2.20   SoliTek
5.2.20.1   Company Overview
5.2.20.2   Role of SoliTek in the Global TOPCon Solar Cell Market
5.2.20.2.1   Product Portfolio
5.2.20.2.2   Production Sites
5.2.20.3   Analyst View

6.1   Primary Data Sources
6.2   BIS Data Sources
6.3   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:   Global TOPCon Solar Cells Market (by End User), GW, 2022-2032
Table 9:   Global TOPCon Solar Cells Market (by End User), $Billion, 2022-2032
Table 10:   Global TOPCon Solar Cells Market (by Type), GW, 2022-2032
Table 11:   Global TOPCon Solar Cells Market (by Type), $Billion, 2022-2032
Table 12:   Global TOPCon Solar Cells Market (by Installation), GW, 2022-2032
Table 13:   Global TOPCon Solar Cells Market (by Installation), $Billion, 2022-2032
Table 14:   Global Pricing Analysis, TOPCon Solar Cells, $/Watt, 2022-2032
Table 15:   Average Pricing Analysis, TOPCon Solar Cells (by Region), $/Watt, 2022-2032
Table 16:   Global TOPCon Solar Cells Market (by region), GW, 2022-2032
Table 17:   Global TOPCon Solar Cells Market (by region), $Billion, 2022-2032
Table 18:   North America TOPCon Solar Cells Market (by End User), GW, 2022-2032
Table 19:   North America TOPCon Solar Cells Market (by End User), $Billion, 2022-2032
Table 20:   North America TOPCon Solar Cells Market (by Type), GW, 2022-2032
Table 21:   North America TOPCon Solar Cells Market (by Type), $Billion, 2022-2032
Table 22:   North America TOPCon Solar Cells Market (by Installation), GW, 2022-2032
Table 23:   North America TOPCon Solar Cells Market (by Installation), $Billion, 2022-2032
Table 24:   U.S. TOPCon Solar Cells Market (by End User), GW, 2022-2032
Table 25:   U.S. TOPCon Solar Cells Market (by End User), $Billion, 2022-2032
Table 26:   U.S. TOPCon Solar Cells Market (by Type), GW, 2022-2032
Table 27:   U.S. TOPCon Solar Cells Market (by Type), $Billion, 2022-2032
Table 28:   U.S. TOPCon Solar Cells Market (by Installation), GW, 2022-2032
Table 29:   U.S. TOPCon Solar Cells Market (by Installation), $Billion, 2022-2032
Table 30:   Canada TOPCon Solar Cells Market (by End User), GW, 2022-2032
Table 31:   Canada TOPCon Solar Cells Market (by End User), $Billion, 2022-2032
Table 32:   Canada TOPCon Solar Cells Market (by Type), GW, 2022-2032
Table 33:   Canada TOPCon Solar Cells Market (by Type), $Billion, 2022-2032
Table 34:   Canada TOPCon Solar Cells Market (by Installation), GW, 2022-2032
Table 35:   Canada TOPCon Solar Cells Market (by Installation), $Billion, 2022-2032
Table 36:   Mexico TOPCon Solar Cells Market (by End User), GW, 2022-2032
Table 37:   Mexico TOPCon Solar Cells Market (by End User), $Billion, 2022-2032
Table 38:   Mexico TOPCon Solar Cells Market (by Type), GW, 2022-2032
Table 39:   Mexico TOPCon Solar Cells Market (by Type), $Billion, 2022-2032
Table 40:   Mexico TOPCon Solar Cells Market (by Installation), GW, 2022-2032
Table 41:   Mexico TOPCon Solar Cells Market (by Installation), $Billion, 2022-2032
Table 42:   Europe TOPCon Solar Cells Market (by End User), GW, 2022-2032
Table 43:   Europe TOPCon Solar Cells Market (by End User), $Billion, 2022-2032
Table 44:   Europe TOPCon Solar Cells Market (by Type), GW, 2022-2032
Table 45:   Europe TOPCon Solar Cells Market (by Type), $Billion, 2022-2032
Table 46:   Europe TOPCon Solar Cells Market (by Installation), GW, 2022-2032
Table 47:   Europe TOPCon Solar Cells Market (by Installation), $Billion, 2022-2032
Table 48:   Germany TOPCon Solar Cells Market (by End User), GW, 2022-2032
Table 49:   Germany TOPCon Solar Cells Market (by End User), $Billion, 2022-2032
Table 50:   Germany TOPCon Solar Cells Market (by Type), GW, 2022-2032
Table 51:   Germany TOPCon Solar Cells Market (by Type), $Billion, 2022-2032
Table 52:   Germany TOPCon Solar Cells Market (by Installation), GW, 2022-2032
Table 53:   Germany TOPCon Solar Cells Market (by Installation), $Billion, 2022-2032
Table 54:   France TOPCon Solar Cells Market (by End User), GW, 2022-2032
Table 55:   France TOPCon Solar Cells Market (by End User), $Billion, 2022-2032
Table 56:   France TOPCon Solar Cells Market (by Type), GW, 2022-2032
Table 57:   France TOPCon Solar Cells Market (by Type), $Billion, 2022-2032
Table 58:   France TOPCon Solar Cells Market (by Installation), GW, 2022-2032
Table 59:   France TOPCon Solar Cells Market (by Installation), $Billion, 2022-2032
Table 60:   Italy TOPCon Solar Cells Market (by End User), GW, 2022-2032
Table 61:   Italy TOPCon Solar Cells Market (by End User), $Billion, 2022-2032
Table 62:   Italy TOPCon Solar Cells Market (by Type), GW, 2022-2032
Table 63:   Italy TOPCon Solar Cells Market (by Type), $Billion, 2022-2032
Table 64:   Italy TOPCon Solar Cells Market (by Installation), GW, 2022-2032
Table 65:   Italy TOPCon Solar Cells Market (by Installation), $Billion, 2022-2032
Table 66:   Spain TOPCon Solar Cells Market (by End User), GW, 2022-2032
Table 67:   Spain TOPCon Solar Cells Market (by End User), $Billion, 2022-2032
Table 68:   Spain TOPCon Solar Cells Market (by Type), GW, 2022-2032
Table 69:   Spain TOPCon Solar Cells Market (by Type), $Billion, 2022-2032
Table 70:   Spain TOPCon Solar Cells Market (by Installation), GW, 2022-2032
Table 71:   Spain TOPCon Solar Cells Market (by Installation), $Billion, 2022-2032
Table 72:   Rest-of-Europe TOPCon Solar Cells Market (by End User), GW, 2022-2032
Table 73:   Rest-of-Europe TOPCon Solar Cells Market (by End User), $Billion, 2022-2032
Table 74:   Rest-of-Europe TOPCon Solar Cells Market (by Type), GW, 2022-2032
Table 75:   Rest-of-Europe TOPCon Solar Cells Market (by Type), $Billion, 2022-2032
Table 76:   Rest-of-Europe TOPCon Solar Cells Market (by Installation), GW, 2022-2032
Table 77:   Rest-of-Europe TOPCon Solar Cells Market (by Installation), $Billion, 2022-2032
Table 78:   U.K. TOPCon Solar Cells Market (by End User), GW, 2022-2032
Table 79:   U.K. TOPCon Solar Cells Market (by End User), $Billion, 2022-2032
Table 80:   U.K. TOPCon Solar Cells Market (by Type), GW, 2022-2032
Table 81:   U.K. TOPCon Solar Cells Market (by Type), $Billion, 2022-2032
Table 82:   U.K. TOPCon Solar Cells Market (by Installation), GW, 2022-2032
Table 83:   U.K. TOPCon Solar Cells Market (by Installation), $Billion, 2022-2032
Table 84:   China TOPCon Solar Cells Market (by End User), GW, 2022-2032
Table 85:   China TOPCon Solar Cells Market (by End User), $Billion, 2022-2032
Table 86:   China TOPCon Solar Cells Market (by Type), GW, 2022-2032
Table 87:   China TOPCon Solar Cells Market (by Type), $Billion, 2022-2032
Table 88:   China TOPCon Solar Cells Market (by Installation), GW, 2022-2032
Table 89:   China TOPCon Solar Cells Market (by Installation), $Billion, 2022-2032
Table 90:   Asia-Pacific and Japan TOPCon Solar Cells Market (by End User), GW, 2022-2032
Table 91:   Asia-Pacific and Japan TOPCon Solar Cells Market (by End User), $Billion, 2022-2032
Table 92:   Asia-Pacific and Japan TOPCon Solar Cells Market (by Type), GW, 2022-2032
Table 93:   Asia-Pacific and Japan TOPCon Solar Cells Market (by Type), $Billion, 2022-2032
Table 94:   Asia-Pacific and Japan TOPCon Solar Cells Market (by Installation), GW, 2022-2032
Table 95:   Asia-Pacific and Japan TOPCon Solar Cells Market (by Installation), $Billion, 2022-2032
Table 96:   Japan TOPCon Solar Cells Market (by End User), GW, 2022-2032
Table 97:   Japan TOPCon Solar Cells Market (by End User), $Billion, 2022-2032
Table 98:   Japan TOPCon Solar Cells Market (by Type), GW, 2022-2032
Table 99:   Japan TOPCon Solar Cells Market (by Type), $Billion, 2022-2032
Table 100:   Japan TOPCon Solar Cells Market (by Installation), GW, 2022-2032
Table 101:   Japan TOPCon Solar Cells Market (by Installation), $Billion, 2022-2032
Table 102:   South Korea TOPCon Solar Cells Market (by End User), GW, 2022-2032
Table 103:   South Korea TOPCon Solar Cells Market (by End User), $Billion, 2022-2032
Table 104:   South Korea TOPCon Solar Cells Market (by Type), GW, 2022-2032
Table 105:   South Korea TOPCon Solar Cells Market (by Type), $Billion, 2022-2032
Table 106:   South Korea TOPCon Solar Cells Market (by Installation), GW, 2022-2032
Table 107:   South Korea TOPCon Solar Cells Market (by Installation), $Billion, 2022-2032
Table 108:   India TOPCon Solar Cells Market (by End User), GW, 2022-2032
Table 109:   India TOPCon Solar Cells Market (by End User), $Billion, 2022-2032
Table 110:   India TOPCon Solar Cells Market (by Type), GW, 2022-2032
Table 111:   India TOPCon Solar Cells Market (by Type), $Billion, 2022-2032
Table 112:   India TOPCon Solar Cells Market (by Installation), GW, 2022-2032By
Table 113:   India TOPCon Solar Cells Market (by Installation), $Billion, 2022-2032
Table 114:   Vietnam TOPCon Solar Cells Market (by End User), GW, 2022-2032
Table 115:   Vietnam TOPCon Solar Cells Market (by End User), $Billion, 2022-2032
Table 116:   Vietnam TOPCon Solar Cells Market (by Type), GW, 2022-2032
Table 117:   Vietnam TOPCon Solar Cells Market (by Type), $Billion, 2022-2032
Table 118:   Vietnam TOPCon Solar Cells Market (by Installation), GW, 2022-2032
Table 119:   Vietnam TOPCon Solar Cells Market (by Installation), $Billion, 2022-2032
Table 120:   Rest-of-Asia-Pacific and Japan TOPCon Solar Cells Market (by End User), GW, 2022-2032
Table 121:   Rest-of-Asia-Pacific and Japan TOPCon Solar Cells Market (by End User), $Billion, 2022-2032
Table 122:   Rest-of-Asia-Pacific and Japan TOPCon Solar Cells Market (by Type), GW, 2022-2032
Table 123:   Rest-of-Asia-Pacific and Japan TOPCon Solar Cells Market (by Type), $Billion, 2022-2032
Table 124:   Rest-of-Asia-Pacific and Japan TOPCon Solar Cells Market (by Installation), GW, 2022-2032
Table 125:   Rest-of-Asia-Pacific and Japan TOPCon Solar Cells Market (by Installation), $Billion, 2022-2032
Table 126:   Rest-of-the-World TOPCon Solar Cells Market (by End User), GW, 2022-2032
Table 127:   Rest-of-the-World TOPCon Solar Cells Market (by End User), $Million, 2022-2032
Table 128:   Rest-of-the-World TOPCon Solar Cells Market (by Type), GW, 2022-2032
Table 129:   Rest-of-the-World TOPCon Solar Cells Market (by Type), $Million, 2022-2032
Table 130:   Rest-of-the-World TOPCon Solar Cells Market (by Installation), GW, 2022-2032
Table 131:   Rest-of-the-World TOPCon Solar Cells Market (by Installation), $Billion, 2022-2032
Table 132:   Middle East and Africa TOPCon Solar Cells Market (by End User), GW, 2022-2032
Table 133:   Middle East and Africa TOPCon Solar Cells Market (by End User), $Billion, 2022-2032
Table 134:   Middle East and Africa TOPCon Solar Cells Market (by Type), GW, 2022-2032
Table 135:   Middle East and Africa TOPCon Solar Cells Market (by Type), $Billion, 2022-2032
Table 136:   Middle East and Africa TOPCon Solar Cells Market (by Installation), GW, 2022-2032
Table 137:   Middle East and Africa TOPCon Solar Cells Market (by Installation), $Billion, 2022-2032
Table 138:   South America TOPCon Solar Cells Market (by End User), GW, 2022-2032
Table 139:   South America TOPCon Solar Cells Market (by End User), $Billion, 2022-2032
Table 140:   South America TOPCon Solar Cells Market (by Type), GW, 2022-2032
Table 141:   South America TOPCon Solar Cells Market (by Type), $Billion, 2022-2032
Table 142:   South America TOPCon Solar Cells Market (by Installation), GW, 2022-2032
Table 143:   South America TOPCon Solar Cells Market (by Installation), $Billion, 2022-2032
Table 144:   Product Matrix for Key Companies (by Type)
Table 145:   Market Shares of Key Companies, 2021

Figure 1:   Global TOPCon Solar Cells Market, $Billion, 2022, 2023, and 2032
Figure 2:   Global TOPCon Solar Cells Market (by End User), $Billion, 2022 and 2032
Figure 3:   Global TOPCon Solar Cells Market (by Type), $Billion, 2022 and 2032
Figure 4:   Global TOPCon Solar Cells Market (by Installation), $Billion, 2022 and 2032
Figure 5:   Global TOPCon Solar Cells Market (by region), $Billion, 2022 and 2032
Figure 6:   Global TOPCon Solar Cells Market Coverage
Figure 7:   Estimated Efficiency Level of TOPCon Solar Cells, 2022-2024
Figure 8:   Top 10 Global PV Markets by Installed Capacity
Figure 9:   Top Ten Countries for PV Installation and Total Installed PV Capacity in 2022
Figure 10:   Supply Chain Analysis of the Global TOPCon Solar Cells Market
Figure 11:   Clean Energy Investment in the Net Zero Pathway, $Trillion, 2016-2050
Figure 12:   Renewable Power Generation Based on Technology (Solar) in the Net-Zero Scenario, 2016-2030
Figure 13:   : Global TOPCon Solar Cells Market (by End User)
Figure 14:   Global TOPCon Solar Cells Market (by Type)
Figure 15:   Global TOPCon Solar Cells Market (by Installation)
Figure 16:   Total Year-Wise Patents Filed for Global TOPCon Solar Cells Market, January 2019-December 2022
Figure 17:   Total Year-Wise Patents Granted for Global TOPCon Solar Cells Market, January 2019-December 2022
Figure 18:   Global TOPCon Solar Cells Market, Patent Analysis (by Status), January 2019-December 2022
Figure 19:   Global TOPCon Solar Cells Market, Patent Analysis (by Organization), January 2019-December 2022
Figure 20:   Wuxi Suntech Power Co., Ltd.: R&D Expenditure, $Million, 2019-2021
Figure 21:   Trina Solar Co., Ltd.: R&D Expenditure, $Million, 2019-2021
Figure 22:   LONGi: R&D Expenditure, $Million, 2019-2021
Figure 23:   Canadian Solar: R&D Expenditure, $Million, 2020-2022
Figure 24:   Research Methodology
Figure 25:   Top-Down and Bottom-Up Approach
Figure 26:   Global TOPCon Solar Cells Market: Influencing Factors
Figure 27:   Assumptions and Limitations

Market Report Coverage

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.

Among the top players profiled in the report, the private companies operating in the global TOPCon solar cells market accounted for around 45% of the market share in 2022, while the public companies operating in the market captured around 55% of the market share.

Key Companies Profiled:

Private Companies
•   AE SOLAR
•   CARBON
•   RENA Technologies GmbH
•   HELIENE Inc.
•   Exiom Solution SA
•   LUXOR SOLAR
•   Jolywood
•   FuturaSun srl
•   SoliTek

Public Companies
•   Wuxi Suntech Power Co., Ltd.
•   Trina Solar Co., Ltd.
•   JA SOLAR Technology Co., Ltd.
•   LONGi
•   Solar4America
•   REC Solar Holdings AS
•   Boviet Solar
•   Hanwha QCells
•   Websol Energy System Limited
•   Sharp Energy Solutions Corporation
•   Canadian Solar

Companies that are not a part of the aforementioned pool have been well represented across different sections of the report (wherever applicable).

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 global 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 global 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 global 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 global 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.

Global TOPCon Solar Cells Market Overview

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. The growth in the global TOPCon solar cells market is expected to be driven by growing demand for solar cells with the upper level of efficiency and flexible manufacturing process with TOPCon technology.

Introduction of TOPCon Solar Cells

The concept behind the tunnel oxide passivated contact (TOPCon) technique is that the metallic component does not come into proximity with the wafer. The TOPCon technology is associated with N-type cells. The N-type silicon substrate of TOPCon is covered with an extremely thin film of tunnelling oxide, which is subsequently followed by an additional layer of highly doped polysilicon that connects the metal at the edges. A silicon wafer is used in the production of P-type and N-type solar cells. The distinction between N-type and P-type originates from the substance utilized to dope the silicon wafer, which is done to enhance power output. Boron is added to P-type cells, while phosphorus is added to N-type cells. When compared to boron, phosphorus has the benefit that phosphorus cannot be degraded by oxygen, but boron can. Additionally, phosphorus doping boosts effectiveness by introducing electrons that are liberated to the wafer. The efficiency of the cell and module is higher with TOPCon cells than with P-type cells, as they assimilate a greater amount of sunlight.

Market Introduction

The global TOPCon solar cells market is in a growth phase, wherein the number of companies offering TOPCon cells is increasing rapidly. Latest technological advancements in photovoltaics technologies and the growing number of utility projects in residential and commercial sectors are boosting the adoption of TOPCon solar cells across the globe. Moreover, increased expenditures in the field of renewable energy are one of the primary factors fuelling the expansion of solar industry. As a result of its minimal carbon footprint and competitive manufacturing expenditures, energy from renewable sources has seen an upsurge in investments worldwide. Furthermore, TOPCon solar cells' capacity to outperform more traditional solar cell technologies in terms of effectiveness is one of its primary benefits. The greater limit of output is a result of the special design and production methods used in TOPCon solar cells. With significant demand for TOPCon solar cells during the forecast period, primarily from the utility, residential, and commercial sectors, the market competition is expected to grow considerably among established and emerging TOPCon solar cell providers in the TOPCon solar cell industry.

Figure: Global TOPCon Solar Cells Market, $Billion, 2022, 2023, and 2032

Industrial Impact

The global TOPCon solar cells market is driven by several factors, such as rising demand for TOPCon solar cells due to an increased upper level of efficiency and growing concerns for the environment and carbon neutrality targets.

TOPCon solar cells are increasingly growing in demand, owing to benefits such as higher potential for efficiency, enhanced stability, adaptable manufacturing process, and ability to perform effectively under extreme temperatures. Additionally, when compared to conventional energy sources, TOPCon solar cells offer environmental advantages such as less carbon emissions, air pollution, and water use. They offer long-term solutions that comply with environmental stewardship guidelines and aid in protecting the environment for upcoming generations. Additionally, the investigation on efficiency improvement for TOPCon solar cells is also ongoing and developing. Researchers seek to increase efficiency by tackling these important aspects and enable this promising solar cell technology to grow rapidly. Furthermore, by providing customers with cutting-edge and sustainable products, the companies are establishing a large international customer base while increasing R&D investments. The growth of the global TOPCon solar cells market largely depends on their higher efficiency levels and their adoption across various major markets. In the current market scenario, the market growth is held back either due to the increased need for precious metals such as silver to print the contacts on the cells, constrained market acceptance due to more established technologies in the market, and higher competition from other types of solar cells. Over the projected period (2023-2032), it is anticipated that this market environment will become more favourable and assist in promoting market expansion.

Market Segmentation:

Segmentation 1: by End User
•   Residential
•   Commercial
•   Utility
•   Agriculture
•   Others

Residential Segment to Dominate the Global TOPCon Solar Cells Market (by End User)

Based on end user, the residential segment led the TOPCon solar cells market in 2022 and was the largest segment due to the rising consumer demand for solar cells. A number of countries, including the U.S., U.K., Germany, and India, have adopted high goals to boost the proportion of renewable energy in their power mix. The governments of these countries have also set a goal to implement residential solar PV systems in the upcoming years (2023-2032) to increase the proportion of renewable energy. The producers and suppliers of solar cells for the residential sector are anticipated to benefit from this during the projected period (2023-2032).

Segmentation 2: by Type
• N-Type
• P-Type

N-Type Segment to Lead the Global TOPCon Solar Cells Market in the Forecast Period (by Type)

Based on type, the N-type segment is expected to lead the TOPCon solar cells market in the forecast period, owing to growing demand from end-use industries such as commercial and residential and its higher efficiency and improved passivation. Recently, the electrical output, thermal coefficient, and absorption velocity for N-type items have been enhanced. According to ongoing research, N-type products are more reliable and can generate power at a 3% greater rate than P-type products. However, in 2022, the P-type segment has a bigger market share than the N-type since it is presently readily accessible to the market and maintains an excellent efficiency of conversion in large-scale production, but the N-type segment is expected to gain market share during the forecast period and eventually surpass P-type shares.

Segmentation 3: by Installation
• Ground-Mounted
• Rooftop

Rooftop Segment to Dominate the Global TOPCon Solar Cells Market (by Installation)

Based on installation, the rooftop segment dominated the TOPCon solar cells market and was the largest segment, owing to expected decreases in expenses on electrical power, the need for alternate power availability, and the aim to lessen the threat of warming temperatures. Furthermore, there is an increase in utility-scale solar power installations and goals, as well as a decrease in the cost of solar PV systems. Ground-mounted installations have been considered to be simpler to keep pristine and maintained. Due to their increased efficiency, they also create more energy, which is expected to continue market expansion globally in the upcoming years.

Segmentation 4: by Region
•   North America: U.S., Canada, and Mexico
•   Europe: Germany, Spain, France, Italy, and Rest-of-Europe
•   U.K.
•   China
•   Asia-Pacific and Japan: Japan, South Korea, India, Vietnam, and Rest-of-Asia-Pacific and Japan
•   Rest-of-the-World: Middle East and Africa, and South America

The global TOPCon solar cells market is expected to witness significant growth in the coming years, with major contributions from China, Asia-Pacific and Japan, Europe, and North America regional markets. In terms of revenue generation, the China market is one of the key regions in the global TOPCon solar cells market. Much of this can be attributed to the comparatively faster adoption of new technology and the growing number of TOPCon solar cell businesses in the region. However, China and the Asia-Pacific and Japan regions are likely to be among the regions with the highest growth during the forecast period (2023-2032). Furthermore, China’s fast-developing economy and the presence of leading industry players across the TOPCon solar cells component’s supply chain are having a prominent effect on the growth of the TOPCon solar cells market.

Recent Developments in the Global TOPCon Solar Cells Market

•   In November 2022, Jinko Solar announced to develop TOPCon solar cell with an efficiency of 25.6%. The company further stated that the manufacturing started at its pilot line in Zhangjiagang, China.
•   In April 2023, for an N-type M10 solar cell based on TOPCon technological devices, Jolywood announced that it would achieve an energy conversion effectiveness of 26.7%. The outcome has been confirmed by the China Academy of Metrology and Science, and Jolywood claims it is an international mark for an N-type TOPCon cell. It exceeds the company's prior mark of 26.1%, which occurred in November 2022.
•   In September 2022, JA Solar revealed proposals for 30 GW of expansion, including 20 GW of TOPCon solar cells capacity and 10 GW of TOPCon module capacity. The company estimates that its N-type solar cell capacity to exceed 27 GW by the end of 2023.
•   In January 2023, Solarspace Technology announced the formal beginning of its second-phase commencement of manufacturing of N-type TOPCon PV cells in the Chuzhou, China, facility, with a 16 GW production capacity. With a preliminary manufacturing capacity of 8 GW across 16 manufacturing facilities, the cell and module maker launched the initial phase of the $1.47 billion project in November 2022.
•   In October 2022, Royal Green Energy announced that it had concluded a partnership strategy arrangement with Yingli Energy for the availability of 6 GW TOPCon solar cells after the signing of a similar arrangement with Jetion Solar Co., Ltd. for the supply of 6 GW TOPCon cells. To achieve a yearly manufacturing capacity of 20 GW of TOPCon N-type solar cells with an average efficiency rating of more than 25%, Royal Green Energy established a TOPCon solar cells manufacturing facility in the Chinese territory of Anhui. To succeed in the solar cells market and reach its goal of $2.79 billion in yearly sales, Royal Green Energies requires a long-term relationship with Yingli and Jetion Solar.

Demand – Drivers, Challenges, and Opportunities

Market Demand Drivers: Growing Demand for TOPCon Solar Cells Due to Increased Upper Level of Efficiency

TOPCon solar cells are an appealing prospect as organizations seek alternate technologies for solar cells with lower manufacturing costs, simpler operations, and greater effectiveness prospects. TOPCon solar cells utilize N-type silicon, which provides superior performance and equilibrium, in contrast to other solar power techniques that suffer from difficulties such as excessive LID and light and elevated temperature-induced degradation (LeTID) deterioration. Additionally, multiple analyses have indicated that the potential maximum limit of TOPCon solar cells ranges from 28.2 to 28.7%. This effectiveness is significantly higher than that of PERC cells, which is 24.5%. Furthermore, improved effectiveness results in greater energy harvesting per unit area. TOPCon cells are bifacial by nature and can develop exceptionally high bifaciality. They have a voltage of roughly 730 mV and can attain up to 25% efficiency. Thus, it can be said that the growing demand for higher-efficiency solar cells is driving the growth of the global TOPCon solar cells market.

Market Challenges: Increased Need for Silver to Print the Contacts on the Cell

The increased silver requirement presents some difficulties and factors to take into account in terms of cost and resource use. Due to its increased use in the manufacturing of TOPCon solar cells, silver, a precious metal with a relatively high price, may increase the cost of the cells overall. The rising demand for silver in the solar sector may also raise questions about sustainability and availability because silver is a finite natural resource. Researchers and manufacturers are looking at new materials and methods to lessen the use of silver in TOPCon solar cells in order to address these issues. This entails the creation of novel contacts with enhanced conductivity and reduced material needs, as well as the improvement of printing processes to reduce silver waste. Moreover, reduced silver requirements for TOPCon solar cells would aid cost-cutting while also promoting sustainability and resource preservation. The goal is to strike a balance between preserving the high-performance features of TOPCon solar cells and optimizing the use of silver or finding substitute materials that offer comparable conductivity at a lower cost and with less negative environmental impact.

Market Opportunities: Growing Concern for the Environment and Carbon Neutrality Targets

Governments throughout the world are setting ambitious renewable energy objectives in order to cut carbon emissions and battle climate change. These initiatives frequently contain explicit objectives for the implementation of solar energy. With their increased efficiency and enhanced performance, TOPCon solar cells are ideally suited to assist governments in meeting their renewable energy targets. The demand for solar energy has been fueled by rising environmental consciousness and the requirement to switch to sustainable energy sources. Furthermore, the Sustainable Development Goals (SDGs) of the United Nations offer a blueprint for global development, including universal access to cheap and clean energy. The SDG 7 goal ensures that everyone has access to affordable, dependable, sustainable, and contemporary energy, which will be achieved through TOPCon solar cells.

Analyst View

According to Sachin Singh, Lead Analyst, BIS Research, “The global TOPCon solar cells market is likely to grow multi-fold in the coming years during the forecast period, owing to the rapidly growing demand for renewable energy sources for power generation. With the growing demand for solar PV with advanced or higher efficiency technologies, the TOPCon solar cells have become more crucial than ever for end-use applications, including utility, residential, and others. The TOPCon solar cells providers are focused on developing higher efficient and durable cells that are in line with the changing demand patterns across the solar PV industry. In terms of market rivalry/competition, the global TOPCon solar cells market is more on the consolidated side at present. However, the established TOPCon solar cells providers are expected to face stiff competition from emerging TOPCon solar cells providers which are working on technologically advanced and highly efficient cells.”

TOPCon Solar Cells Market - A Global and Regional Analysis

Focus on End User, Type, Installation and Region - Analysis and Forecast, 2023-2032

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Some Faq's

Frequently Asked Questions

TOPCon solar cells are a technology that combines passivated contacts with a tunnel oxide layer to create a low-resistance contact structure, enabling higher conversion efficiencies and enhanced power output. The TOPCon technology is associated with N-type cells. A silicon wafer is used in the production of P-type and N-type solar cells.

The key business opportunities in the TOPCon solar cells market include increasing focus on technological advancements and research and development activities for TOPCon solar cells and growing concern for the environment and carbon neutrality targets.

The players in the TOPCon solar cells market adopt the strategies of business expansion through partnerships, joint ventures, collaborations, and alliances to maintain and strengthen their market position, helping them retain their present customers while also attracting new ones.

A new entrant can focus on the development of advanced TOPCon solar cells that are affordable and high performing. Partnerships with leading solar cell manufacturers can also prove to be a good strategy to gain some market share in the initial phase of their market entry.

The following are some of the USPs of the report:

•   Extensive coverage of 20 key players operating in the global TOPCon solar cells market
•   Market analysis based on product portfolio, recent developments, and regional spread.
•   Impact of COVID-19 on the global TOPCon solar cells market
•   Comparative analysis between TOPCon, heterojunction, and perovskite solar cells
•   Comparative analysis between TOPCon and PERC cells
•   Potential efficiency of solar cells and panels
•   Significant advancements in TOPCon solar cells
•   Recent investments made in the global TOPCon solar cells market.
•   Emerging start-up companies in the global TOPCon solar cells market
•   Patent analysis from 2019 to 2022
•   Patent analysis by year and by organization
•   Global average pricing and regional average pricing of TOPCon Solar Cells.

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.

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Table of Contents

Market Report Coverage

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Global TOPCon Solar Cells Market Overview

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TOPCon Solar Cells Market - A Global and Regional Analysis

Frequently Asked Questions

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TOPCon Solar Cells Market - A Global and Regional Analysis

A quick peek into the report

Table of Contents

1 Markets

2 Application

3 Products

4 Regions

5 Markets – Competitive Benchmarking & Company Profiles

6 Research Methodology

List of Tables

List of Figures

Market Report Coverage

How can this report add value to an organization?

Global TOPCon Solar Cells Market Overview

$5500

TOPCon Solar Cells Market - A Global and Regional Analysis

Frequently Asked Questions

Q: What are TOPCon solar cells?

Q: What are the key business opportunities in the global TOPCon solar cells market?

Q: What kinds of new strategies are being adopted by the existing market players to strengthen their market position in the industry?

Q: For a new company looking to enter the global TOPCon solar cells market, which areas could it focus on to stay ahead of the competition?

Q: What is the USP of this report?

Q: Who should buy this report?

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