World - Solar Cells and Light-Emitting Diodes - Market Analysis, Forecast, Size, Trends and Insights
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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.
Solar Cells and Light-emitting Diodes - World's Largest Markets
| Rating | Country |
|---|---|
| 1 | India |
| 2 | Vietnam |
| 3 | United States |
| 4 | China |
| 5 | Brazil |
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
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| Singapore | 62376 | 93814 | 1152 | -86.4% |
| Hong Kong SAR | 7261 | 3260 | 3449 | -31.1% |
| China | 6384 | 5273 | 5273 | -9.1% |
| Netherlands | 10845 | 7399 | 6086 | -25.1% |
| Thailand | 12398 | 8202 | 6758 | -26.2% |
| Malaysia | 21051 | 9618 | 8572 | -36.2% |
| South Korea | 18639 | 16540 | 15427 | -9.0% |
| Average | 11892 | 7892 | 6760 | -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
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| United States | 44083 | 57967 | 52847 | 9.5% |
| China | 13943 | 13781 | 13621 | -1.2% |
| Vietnam | 35010 | 21631 | 8252 | -51.5% |
| Germany | 12706 | 9578 | 8001 | -20.6% |
| Hong Kong SAR | 10163 | 7777 | 7996 | -11.3% |
| France | 15703 | 10228 | 7118 | -32.7% |
| Japan | 9264 | 8016 | 7102 | -12.4% |
| Netherlands | 11707 | 6753 | 5788 | -29.7% |
| India | 6021 | 5895 | 5039 | -8.5% |
| Australia | 5506 | 4825 | 4271 | -11.9% |
| Spain | 4754 | 4483 | 4096 | -7.2% |
| Brazil | 5680 | 5077 | 3880 | -17.4% |
| Singapore | 4979 | 2151 | 1927 | -37.8% |
| Average | 11506 | 9721 | 8978 | -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
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| billion USD | ||||
| United States | 4.4 | 8.4 | 10 | 53.5% |
| China | 7.2 | 5.4 | 6.6 | -3.9% |
| Hong Kong SAR | 4.5 | 4 | 4.1 | -4.3% |
| Japan | 3.7 | 3.6 | 3.2 | -6.9% |
| Vietnam | 1.7 | 3.1 | 3.1 | 34.5% |
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
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| billion USD | ||||
| China | 18 | 24 | 24 | 14.1% |
| Malaysia | 6.1 | 6.8 | 4.2 | -17.1% |
| Hong Kong SAR | 3.6 | 3.3 | 3.3 | -5.2% |
| South Korea | 4.3 | 3.5 | 3.1 | -15.0% |
| Thailand | 1.2 | 1.6 | 1.9 | 25.9% |
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)
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 2030.
Product coverage:
- Prodcom 26112220 - Semiconductor light emitting diodes (LEDs)
- Prodcom 26112240 - Photosensitive semiconductor devices, solar cells, photodiodes, p hoto-transistors, etc.
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- 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
+ the largest producing countries
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- 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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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Global exports of solar cells and light-emitting diodes rose from $56.4 in 2019 to $57.5B in 2020. China remains the leading supplier of solar cells and diodes worldwide, while the U.S. is the largest importer.
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