Latest Report Update: Sep 28, 2021

World - Solar Cells and Light-Emitting Diodes - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

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Overview of the Global Market for Solar Cells and Light-Emitting Diodes

Market Size for Solar Cells and Light-Emitting Diodes

The global market for solar cells and light-emitting diodes skyrocketed to $X in 2020, increasing by X% against the previous year. Overall, the total consumption indicated a tangible increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2017 indices. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. Global consumption peaked in 2020 and is expected to retain growth in the immediate term.

Production of Solar Cells and Light-Emitting Diodes

In value terms, solar cells and light-emitting diodes production reached $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% year-to-year. Global production peaked in 2020 and is likely to see steady growth in years to come.

Production By Country

The countries with the highest volumes of solar cells and light-emitting diodes production in 2020 were China (X units), Germany (X units) and Viet Nam (X units), together accounting for X% of global production.

From 2007 to 2020, the biggest increases were in Viet Nam, while solar cells and light-emitting diodes production for the other global leaders experienced more modest paces of growth.

Exports of Solar Cells and Light-Emitting Diodes

Exports

Global solar cells and light-emitting diodes exports amounted to X units in 2020, with an increase of X% against the previous year. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. Over the period under review, global exports reached the maximum at X units in 2011; however, from 2012 to 2020, exports remained at a lower figure.

In value terms, solar cells and light-emitting diodes exports totaled $X in 2020. Overall, total exports indicated resilient growth from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2017 indices. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. Global exports peaked at $X in 2011; however, from 2012 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Malaysia dominates solar cells and light-emitting diodes exports structure, recording X units, which was approx. X% of total exports in 2020. It was distantly followed by the U.S. (X units), China (X units) and the Philippines (X units), together constituting a X% share of total exports. The following exporters - Japan (X units), Hong Kong SAR (X units), Germany (X units), Viet Nam (X units), Thailand (X units), Italy (X units) and South Korea (X units) - together made up X% of total exports.

Malaysia experienced a relatively flat trend pattern with regard to volume of exports of solar cells and light-emitting diodes. At the same time, Viet Nam (+X%), Italy (+X%), Thailand (+X%), South Korea (+X%), the Philippines (+X%), Hong Kong SAR (+X%) and China (+X%) displayed positive paces of growth. Moreover, Viet Nam emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2007-2020. Japan experienced a relatively flat trend pattern. By contrast, the U.S. (-X%) and Germany (-X%) illustrated a downward trend over the same period. The Philippines (+X p.p.), China (+X p.p.), Hong Kong SAR (+X p.p.), Viet Nam (+X p.p.) and Italy (+X p.p.) significantly strengthened its position in terms of the global exports, while Germany, Malaysia and the U.S. saw its share reduced by -X%, -X% and -X% from 2007 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest solar cells and light-emitting diodes supplier worldwide, comprising X% of global exports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of global exports. It was followed by Viet Nam, with a X% share.

In China, solar cells and light-emitting diodes exports expanded at an average annual rate of +X% over the period from 2007-2020. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (+X% per year) and Viet Nam (+X% per year).

Export Prices by Country

In 2020, the average export price for solar cells and light-emitting diodes amounted to $X per unit, falling by -X% against the previous year. Overall, the export price, however, showed a prominent increase. The growth pace was the most rapid in 2017 when the average export price increased by X% y-o-y. As a result, export price reached the peak level of $X per unit. from 2018 to 2020, the growth in terms of the average export prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was China ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Malaysia, while the other global leaders experienced more modest paces of growth.

Imports of Solar Cells and Light-Emitting Diodes

Imports

In 2020, approx. X units of solar cells and light-emitting diodes were imported worldwide; picking up by X% compared with 2019. Over the period under review, imports posted resilient growth. The pace of growth appeared the most rapid in 2018 when imports increased by X% y-o-y. As a result, imports attained the peak of X units. from 2019 to 2020, the growth of global imports remained at a somewhat lower figure.

In value terms, solar cells and light-emitting diodes imports rose remarkably to $X in 2020. Overall, total imports indicated a strong increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2017 indices. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. Over the period under review, global imports reached the maximum at $X in 2011; however, from 2012 to 2020, imports remained at a lower figure.

Imports by Country

Ireland dominates solar cells and light-emitting diodes imports structure, resulting at X units, which was approx. X% of total imports in 2020. It was distantly followed by the U.S. (X units), making up a X% share of total imports. The following importers - Germany (X units), Malaysia (X units) and Mexico (X units) - each recorded a X% share of total imports.

Imports into Ireland increased at an average annual rate of +X% from 2007 to 2020. At the same time, Malaysia (+X%), Mexico (+X%), the U.S. (+X%) and Germany (+X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in the world, with a CAGR of +X% from 2007-2020. While the share of Ireland (-X p.p.) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported solar cells and light-emitting diodes worldwide, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by Mexico, with a X% share.

In the U.S., solar cells and light-emitting diodes imports expanded at an average annual rate of +X% over the period from 2007-2020. The remaining importing countries recorded the following average annual rates of imports growth: Germany (-X% per year) and Mexico (+X% per year).

Import Prices by Country

In 2020, the average import price for solar cells and light-emitting diodes amounted to $X per unit, growing by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. Global import price peaked at $X per unit in 2010; however, from 2011 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was the U.S. ($X per unit), while Ireland ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S., while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for solar cells and light-emitting diodes in the world?
+
Ireland (132B units) constituted the country with the largest volume of solar cells and light-emitting diodes consumption, accounting for 73% of total volume. Moreover, solar cells and light-emitting diodes consumption in Ireland exceeded the figures recorded by the second-largest consumer, Germany (9.1B units), more than tenfold. The third position in this ranking was occupied by China (8B units), with a 4.4% share.
What are the largest producers of solar cells and light-emitting diodes in the world?
+
The countries with the highest volumes of solar cells and light-emitting diodes production in 2020 were China (8.3B units), Germany (5.6B units) and Viet Nam (3.7B units), together accounting for 54% of global production.
What are the leading suppliers of solar cells and light-emitting diodes in the world?
+
In value terms, China ($23.8B) remains the largest solar cells and light-emitting diodes supplier worldwide, comprising 40% of global exports. The second position in the ranking was occupied by Malaysia ($6.8B), with a 11% share of global exports. It was followed by Viet Nam, with a 7.4% share.
What are the leading importers of solar cells and light-emitting diodes in the world?
+
In value terms, the U.S. ($10.5B) constitutes the largest market for imported solar cells and light-emitting diodes worldwide, comprising 18% of global imports. The second position in the ranking was occupied by Germany ($3.1B), with a 5.4% share of global imports. It was followed by Mexico, with a 2.1% share.
What is the average export price for solar cells and light-emitting diodes in the world?
+
In 2020, the average export price for solar cells and light-emitting diodes amounted to $5 per unit, reducing by -4% against the previous year.
What is the average import price for solar cells and light-emitting diodes in the world?
+
In 2020, the average import price for solar cells and light-emitting diodes amounted to $0.4 per unit, with an increase of 6.8% against the previous year.

Product coverage:
• Prodcom 26112220 - Semiconductor light emitting diodes (LEDs)
• Prodcom 26112240 - Photosensitive semiconductor devices, solar cells, photodiodes, p hoto-transistors, etc.

This report provides an in-depth analysis of the global market for solar cells and light-emitting diodes. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.



Data coverage:
• Global market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Global production, split by region and country
• Global trade (exports and imports)
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, By Country, 2015–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Physical Terms, By Country, 2007–2020
Table 7:
Imports, In Value Terms, By Country, 2007–2020
Table 8:
Import Prices, By Country Of Destination, 2007–2020
Table 9:
Exports, In Physical Terms, By Country, 2007–2020
Table 10:
Exports, In Value Terms, By Country, 2007–2020
Table 11:
Export Prices, By Country Of Origin, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2020
Figure 17:
Production, In Value Terms, 2007–2020
Figure 18:
Production, By Country, 2020
Figure 19:
Production, In Physical Terms, By Country, 2007–2020
Figure 20:
Imports, In Physical Terms, 2007–2020
Figure 21:
Imports, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, By Country, 2020
Figure 23:
Imports, In Physical Terms, By Country, 2007–2020
Figure 24:
Imports, In Value Terms, By Country, 2007–2020
Figure 25:
Import Prices, By Country, 2007–2020
Figure 26:
Exports, In Physical Terms, 2007–2020
Figure 27:
Exports, In Value Terms, 2007–2020
Figure 28:
Exports, In Physical Terms, By Country, 2020
Figure 29:
Exports, In Physical Terms, By Country, 2007–2020
Figure 30:
Exports, In Value Terms, By Country, 2007–2020
Figure 31:
Export Prices, 2007–2020

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