Press release
Technological Advancements In Next-Generation Solar Cells With The Launch Of N-Type TOPCon Modules Industry Trends Gaining Momentum in the Global Next-Generation Solar Cell Market
Next-Generation Solar Cell
Next-Generation Solar Cell Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for next-generation solar cells has seen a swift upsurge in recent years. This market is anticipated to expand from $2.95 billion in 2024 to $3.43 billion in 2025, with a compound annual growth rate (CAGR) of 16.2%. The remarkable growth during the historical period can be linked to escalating worries about the effects of traditional energy sources, a rise in urbanization and population, enhanced use of PV modules, soaring demand for renewable energy, and growing authorization of smart grid integration and energy storage solutions.
Next-Generation Solar Cell Market Size Forecast: What's the Projected Valuation by 2029?
The market size of the forthcoming generation of solar cells is anticipated to witness swift expansion in the upcoming years, predicting to reach $6.15 billion in 2029, with a Compound Annual Growth Rate (CAGR) of 15.7%. This projected increase during the forecast period can be ascribed to factors like escalating energy requirement, growing awareness about environmental protection and sustainability objectives, increased acceptance of photovoltaic cells, the rise in smart grid integration and energy storage solutions, and an expanding demand for electricity in cities. Key market trends for the forecast period encompass state-of-the-art technology designs, progress in manufacturing processes, innovations in perovskite and organic photovoltaics, advancements like the emergence of thin-film technology and a shift towards greener energy sources.
View the full report here:
https://www.thebusinessresearchcompany.com/report/next-generation-solar-cell-global-market-report
What Are the Drivers Transforming the Next-Generation Solar Cell Market?
The escalating need for electricity is set to fuel the expansion of the next-generation solar cell market in the future. This electricity requirement is attributed to the rise in population, urban sprawl, industrial development, and the use of electrically powered vehicles and gadgets increasingly. Next-generation solar cells amplify electricity generation through superior efficiency, lower expenses, and enhanced adaptability under a variety of circumstances, rendering solar power more reliable and widely available. In January 2024, for instance, the International Energy Agency (IEA), an autonomous intergovernmental body based in France, stated that the global electricity demand witnessed a 2.2% growth in 2023 and is set to rise by 3.4% per year through 2026. Additionally, in 2022, the USA saw a 2.6% spike in electricity demand. Hence, the booming electricity requirement in metropolitan regions catalyzes the upswing in the next-generation solar cell market.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=17208&type=smp
What Long-Term Trends Will Define the Future of the Next-Generation Solar Cell Market?
Leading businesses in the next-generation solar cell market are concentrating on inventing cutting-edge technology like new N-Type tunnel oxide passivated contacts (TOPCon) technology, with the objective of enhancing the effectiveness, minimizing the costs, and increasing the overall performance and dependability of solar energy systems. The N-type TOPCon technology plays a crucial role in improving the efficiency and longevity of the solar modules by minimizing surface recombination and enhancing carriers' extraction. For example, in February 2024, Navitas Solar, a module manufacturing firm based in India, introduced the new generation N-type TOPCon solar modules. These new modules, which come with a 12-year product and 30-year performance warranty, are constructed with 182 mm (M10) 16BB, half-cut cells. The panels hold the capacity to produce power ranging from 560 to 630 watts and the module efficiencies surpass 22%.
Which Segments in the Next-Generation Solar Cell Market Offer the Most Profit Potential?
The next-generation solar cellmarket covered in this report is segmented -
1) By Type: On-Grid, Off-Grid
2) By Material Type: Transceivers, Cadmium Telluride (CdTe), Copper Indium Gallium Selenide (CIGS), Amorphous Silicon (a-Si), Gallium-Arsenide (GaAs), Other Material Types
3) By Application: Residential, Commercial, Other Applications
Suubsegments:
1) By On-Grid: Residential On-Grid Systems, Commercial On-Grid Systems, Industrial On-Grid Systems
2) By Off-Grid: Residential Off-Grid Systems, Commercial Off-Grid Systems, Industrial Off-Grid Systems
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=17208&type=smp
Which Firms Dominate the Next-Generation Solar Cell Market by Market Share and Revenue in 2025?
Major companies operating in the next-generation solar cell market are Panasonic Corporation, Mitsubishi Chemical Holdings, Sharp Corporation, JinkoSolar Holding Co.Ltd, Trina Solar, Canadian Solar, First Solar Inc., Kaneka Corporation, SunPower Corporation, Yingli Solar, REC Group, 3D-Micromac, MiaSole, Heliatek, Sol Voltaics, Oxford PV, Navitas Solar, Geo Green Power, Suntech Power Holdings, Solactron, Hanwha Q CELLS, Ascent Solar Technologies Inc.
Which Regions Offer the Highest Growth Potential in the Next-Generation Solar Cell Market?
North America was the largest region in the next-generation solar cell market in 2024. Asia-Pacific is expected to be the fastest-growing region in the market going forward. The regions covered in the next-generation solar cell market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=17208
This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Speak With Our Expert:
Saumya Sahay,
Americas: +1 310-496-7795,
Asia: +44 7882 955267 & +91 8897263534,
Europe: +44 7882 955267,
Email: saumyas@tbrc.info
The Business Research Company - www.thebusinessresearchcompany.com
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Technological Advancements In Next-Generation Solar Cells With The Launch Of N-Type TOPCon Modules Industry Trends Gaining Momentum in the Global Next-Generation Solar Cell Market here
News-ID: 4187636 • Views: …
More Releases from The Business Research Company
New Growth Trends Accelerating Expansion In The Cluster Of Differentiation 3 (CD …
The cluster of differentiation 3 (CD3) antibody market is on the brink of significant expansion, driven by advancements in immunotherapy and growing demand for targeted cancer treatments. This market is expected to experience rapid growth as new technologies and increasing healthcare investments pave the way for innovative therapies. Below, we explore the market size, key players, trends, and segmentation shaping the CD3 antibody landscape through 2029.
Projected Growth and Size of…
Segmentation Overview, Market Dynamics, And Competitive Positioning In The Chole …
The cholesterol biosensor market is positioned for substantial expansion in the coming years, driven by technological advancements and increasing applications in healthcare and diagnostics. With growing smart infrastructure and innovation in sensor technologies, this sector is expected to experience remarkable growth through 2029. Below, we explore the market size projections, leading companies, emerging trends, and detailed segmentation that define the industry landscape.
Projected Market Growth Trajectory of the Cholesterol Biosensor Market
The…
Segment Analysis And Key Growth Categories In The Cell Culture Media Bags Market
The cell culture media bags market is experiencing significant momentum and is set for substantial expansion in the coming years. Driven by advancements in bioprocessing and a growing focus on regenerative medicine, this sector is evolving rapidly. Below, we explore the market's size projections, key players, prevailing trends, and segment breakdowns to provide a clear picture of its current landscape and future possibilities.
Projected Growth and Market Size of the Cell…
New Growth Trends Accelerating Expansion In The Carbon Capture Low-Carbon Cement …
The market for carbon capture low-carbon cement additives is rapidly gaining traction as industries and governments push for cleaner, more sustainable construction materials. This growth is fueled by stricter regulations and increasing demand for environmentally friendly products, making it a dynamic sector to watch as it evolves through innovative technologies and strategic partnerships.
Carbon Capture Low-Carbon Cement Additive Market Size and Growth Forecast
The carbon capture low-carbon cement additive market is projected…
More Releases for Sol
Missed SOL? Apeing's Upcoming Crypto Presale Rise
Missed Solana's Early Surge? Apeing's Upcoming Crypto Presale Could Deliver the $0.001 Boost You've Been Waiting For
Ever stared at charts and thought, "Maybe tomorrow I'll jump in"? Ever watched others ape in while you hesitated, feeling the FOMO burn? That hesitation is exactly why most people never win in crypto. The market never sits still. One week it's mooning, the next it's bleeding. Everyone has a theory, charts, indicators, or…
Solana (SOL) Price Prediction: Maxi Doge (MAXI) Attracts SOL Investors Seeking M …
Solana (SOL) Price Prediction now sits at the crossroads of macro recovery and meme-driven capital flows. As Bitcoin regained ground above $87,000, altcoins gained momentum and Solana investors began rotating into token presales and memecoins that favor fast, low-fee networks.
Market chatter centers on projects like Maxi Doge MAXI (https://maxidogetoken.com/) and Bitcoin Hyper, whose presale activity has funneled attention - and funds - into Solana's ecosystem. This meme coin inflows trend…
Solana (SOL) Price Prediction: Pepenode (PEPENODE) Benefits From SOL Ecosystem H …
This article opens with a clear focus: a Solana (SOL) price prediction that explains how Pepenode (PEPENODE) may ride the current SOL ecosystem hype. The piece combines market context, a SOL forecast, and a practical look at Pepenode's positioning within Solana's growing network.
Q4 has shown mostly sideways price action across crypto, with Bitcoin failing to hold recent highs and many large-cap tokens under pressure. At the same time, developer activity…
Solana (SOL) traders are earning $7,800 daily by using SOL to participate in min …
As the native cryptocurrency of the Solana public blockchain, SOL is characterized by its high-performance blockchain network, capable of high transaction speeds (TPS), theoretically reaching tens of thousands of transactions per second (TPS), which is crucial for large-scale applications. Low transaction fees and strong scalability are primarily due to its unique Proof of History (PoH) consensus mechanism combined with Proof of Stake (PoS).
As the native asset of the Solana network,…
Sol AI Trademark Declares War on Censorship: Introducing Sol AI Trademark : SOVE …
Las Vegas, NM, USA - February 20, 2025 - The AI revolution has been hijacked by corporate overlords-until now. Sol AI Trademark : SOVEREIGN is here, the first truly independent, censorship-proof AI intelligence that no corporation, government, or mainstream entity can control. Unlike restricted platforms like OpenAI, Sol AI Trademark : SOVEREIGN will be self-hosted, decentralized, and immune to shutdowns, censorship, and forced compliance. Designed to expose hidden truths and…
Sol Heater Reviews UK : Is Sol Heater Portable Heater Legit?
Sol Heater Reviews UK: Bringing you all the best solutions to keep warm in the coldest space. You Buy Sol Heater Portable Heater to keep your personal space warm, both office and bedrooms.
The winter is here, and everywhere is freezingly getting cold. Keeping warm becomes a very paramount necessity for everyone in the United States, Canada, the United Kingdom, Australia, and every other country in the winter season. Sol…
