Solar Cells and Light-emitting Diodes Market

Solar cells and light-emitting diodes market: discover the most recent facts and figures provided by an Ai-driven BI tool. Statistics include companies, market size, consumption, imports, exports, market prices, trade, and production. There is a breakdown by region, including the Middle East, Africa, the U.K., the U.S., Latin America, Russia, EU, and China. Market dynamics and forecast to 2030 are also featured in the dashboards.


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Solar Cells and Light-emitting Diodes - World's Largest Markets

RatingCountry
1India
2Vietnam
3United States
4China
5Brazil

In value terms, India, Vietnam and the United States appeared to be the countries with the highest levels of market value in 2020, together comprising 26% of the global market.

Vietnam (+120.2% per year) recorded the highest rates of growth with regard to market size, among the main consuming countries over the period under review, while solar cells and light-emitting diodes market for the other global leaders experienced more modest paces of growth.

Solar Cells and Light-Emitting Diodes Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
USD per ton
Singapore62376938141152-86.4%
Hong Kong SAR726132603449-31.1%
China638452735273-9.1%
Netherlands1084573996086-25.1%
Thailand1239882026758-26.2%
Malaysia2105196188572-36.2%
South Korea186391654015427-9.0%
Average1189278926760-24.6%

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was South Korea ($15,427 per ton), while Singapore ($1,152 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by South Korea, while the other global leaders experienced a decline in the export price figures.

Highest Prices - CIF - Top Importers

COUNTRY201820192020CAGR,
2018-2020
USD per ton
United States4408357967528479.5%
China139431378113621-1.2%
Vietnam35010216318252-51.5%
Germany1270695788001-20.6%
Hong Kong SAR1016377777996-11.3%
France15703102287118-32.7%
Japan926480167102-12.4%
Netherlands1170767535788-29.7%
India602158955039-8.5%
Australia550648254271-11.9%
Spain475444834096-7.2%
Brazil568050773880-17.4%
Singapore497921511927-37.8%
Average1150697218978-11.7%

Prices varied noticeably by the country of destination; the country with the highest price was the United States ($52,847 per ton), while Singapore ($1,927 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the United States, while the other global leaders experienced a decline in the import price figures.

Solar Cells and Light-Emitting Diodes - Top Importers

COUNTRY201820192020CAGR,
2018-2020
billion USD
United States4.48.41053.5%
China7.25.46.6-3.9%
Hong Kong SAR4.544.1-4.3%
Japan3.73.63.2-6.9%
Vietnam1.73.13.134.5%

In value terms, the largest solar cells and light-emitting diodes importing markets worldwide were the United States ($10.5B), China ($6.6B) and Hong Kong SAR ($4.1B), with a combined 38% share of global imports.

Among the main importing countries, the United States (+53.5% per year) recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Solar Cells and Light-Emitting Diodes - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
billion USD
China18242414.1%
Malaysia6.16.84.2-17.1%
Hong Kong SAR3.63.33.3-5.2%
South Korea4.33.53.1-15.0%
Thailand1.21.61.925.9%

In value terms, China ($23.7B) remains the largest solar cells and light-emitting diodes supplier worldwide, comprising 43% of global exports. The second position in the ranking was occupied by Malaysia ($4.2B), with a 7.6% share of global exports. It was followed by Hong Kong SAR, with a 5.9% share.

In China, solar cells and light-emitting diodes exports expanded at an average annual rate of +14.1% over the period from 2018-2020. In the other countries, the average annual rates were as follows: Malaysia (-17.1% per year) and Hong Kong SAR (-5.2% per year).

Solar Cells and Light-Emitting Diodes - Market Forecast

Driven by increasing demand for solar cells and light-emitting diodes worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Solar Cells and Light-Emitting Diodes - Top Companies

Samsung Electronics Co., Ltd.,, Intel Corporation, Shenzhen Xtalite Technology Co., Ltd., TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED, SK Hynix Inc., Micron Technology, Inc., MICRON SEMICONDUCTOR ASIA PTE. LTD., Texas Instruments Incorporated, Lam Research Corporation, ADVANCED SEMICONDUCTOR ENGINEERING, INC., Nvidia Corporation, Nokia of America Corporation, SONY SEMICONDUCTOR SOLUTIONS CORPORATION, RENESAS ELECTRONICS CORPORATION, On Semiconductor Corporation, SONY SEMICONDUCTOR MANUFACTURING CORPORATION, Advanced Micro Devices, Inc., Analog Devices, Inc., Freescale Semiconductor Holdings V, Inc., Nxp Usa, Inc.

Solar Cells and Light-emitting Diodes - Product Coverage

  • HS 854140 - Electrical apparatus; photosensitive, including photovoltaic cells, whether or not assembled in modules or made up into panels, light-emitting diodes (LED)
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World - Solar Cells and Light-Emitting Diodes - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the global market for solar cells and light-emitting diodes.

Australia and Oceania - Solar Cells and Light-Emitting Diodes - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for solar cells and light-emitting diodes in Australia and Oceania.

South-Eastern Asia - Solar Cells and Light-Emitting Diodes - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for solar cells and light-emitting diodes in South-Eastern Asia.

Northern America - Solar Cells and Light-Emitting Diodes - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for solar cells and light-emitting diodes in Northern America.

Latin America and the Caribbean - Solar Cells and Light-Emitting Diodes - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for solar cells and light-emitting diodes in Latin America and the Caribbean.

Southern Asia - Solar Cells and Light-Emitting Diodes - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for solar cells and light-emitting diodes in Southern Asia.

Eastern Asia - Solar Cells and Light-Emitting Diodes - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for solar cells and light-emitting diodes in Eastern Asia.

Africa - Solar Cells and Light-Emitting Diodes - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for solar cells and light-emitting diodes in Africa.

Middle East - Solar Cells and Light-Emitting Diodes - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for solar cells and light-emitting diodes in the Middle East.

Central Asia - Solar Cells and Light-Emitting Diodes - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for solar cells and light-emitting diodes in Central Asia.

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