China, India, Japan, Malaysia and South Korea are the major producers of photovoltaic cells in the world. According to the publisher's analysis, these countries are not only producers of photovoltaic cells, but also important nodes in the global supply chain. North America, Europe and the Asia-Pacific region are important consumer markets for photovoltaic cells in the world. Among them, as the governments of Southeast Asian countries attach importance to renewable energy policies, the photovoltaic markets in Vietnam, Thailand, Malaysia and other countries are developing rapidly, and their demand for photovoltaic cells is gradually increasing.
With the rapid development of Vietnam's photovoltaic industry, the scale of Vietnam's photovoltaic cell market continues to grow. In the past few years, the Vietnamese government has implemented several policies to encourage the development of photovoltaics, especially photovoltaic power generation projects for homes and commercial buildings, which has provided strong support for the political demand for photovoltaic cell market in Vietnam. According to the publisher's analysis, by 2023, Vietnam's photovoltaic power generation installed capacity will exceed 18GW, exceeding the total of other Southeast Asian countries, making Vietnam one of the leading countries in photovoltaic development in Southeast Asia.
According to the publisher's analysis, Vietnam's photovoltaic cell manufacturing industry is developing rapidly, mainly dominated by foreign-funded enterprises. At present, due to the limited production capacity of photovoltaic cells in Vietnam, a large number of imported photovoltaic cells and related components are still needed, especially photovoltaic cells from China, Malaysia and other places.
According to the publisher's data, the total value of Vietnam's photovoltaic cell imports in 2023 will reach US$2.76 billion. The market demand will be even stronger in 2024. From January to October, the cumulative value of Vietnam's photovoltaic cell imports will be close to US$2.373 billion.
According to the publisher's analysis, the main import sources of Vietnamese photovoltaic cells include Thailand, China, Malaysia, Singapore, South Korea and Hong Kong, China. From 2021 to 2024, the main import sources of Vietnamese photovoltaic cells are Hong Kong, China, Thailand and Malaysia. The main companies exporting photovoltaic cells to Vietnam include ET SOLAR POWER HONGKONG LIMITED, RUNERGY INTERNATIONAL PV TECHNOLOGY PTE LTD, LONGI SOLAR TECHNOLOGY HK LTD etc.
Overall, Vietnam's photovoltaic cell market is expanding with the rapid development of Vietnam's local photovoltaic industry. According to the publisher's analysis, in the long run, Vietnam's photovoltaic cell production capacity and output have great room for growth. However, in the next five years, Vietnam's photovoltaic cell imports will continue to grow. The publisher recommends that companies related to the global photovoltaic industry chain should investigate the Vietnamese photovoltaic market as soon as possible to prepare for entering the Vietnamese market in the future.
Topics covered:
- The Import and Export of Photovoltaic Cell in Vietnam (2021-2024)
- Total Import Volume and Percentage Change of Photovoltaic Cell in Vietnam (2021-2024)
- Total Import Value and Percentage Change of Photovoltaic Cell in Vietnam (2021-2024)
- Total Import Value and Percentage Change of Photovoltaic Cell in Vietnam (January-October 2024)
- Average Import Price of Photovoltaic Cell in Vietnam (2021-2024)
- Top 10 Sources of Photovoltaic Cell Imports in Vietnam and Their Supply Volume
- Top 10 Suppliers in the Import Market of Photovoltaic Cell in Vietnam and Their Supply Volume
- Top 10 Importers of Photovoltaic Cell in Vietnam and Their Import Volume
- How to Find Distributors and End Users of Photovoltaic Cell in Vietnam
- How Foreign Enterprises Enter the Photovoltaic Cell Market of Vietnam
- Forecast for the Import of Photovoltaic Cell in Vietnam (2025-2034)
Table of Contents
Companies Mentioned
- ET SOLAR POWER HONGKONG LIMITED
- RUNERGY INTERNATIONAL PV TECHNOLOGY PTE LTD
- LONGI SOLAR TECHNOLOGY HK LTD
- VINA SOLAR TECHNOLOGY CO LTD
- JA SOLAR VIET NAM CO LTD
- VIETNAM SUNERGY JOINT STOCK COMPANY
Methodology
Background research defines the range of products and industries, which proposes the key points of the research. Proper classification will help clients understand the industry and products in the report.
Secondhand material research is a necessary way to push the project into fast progress. The analyst always chooses the data source carefully. Most secondhand data they quote is sourced from an authority in a specific industry or public data source from governments, industrial associations, etc. For some new or niche fields, they also "double-check" data sources and logics before they show them to clients.
Primary research is the key to solve questions, which largely influence the research outputs. The analyst may use methods like mathematics, logical reasoning, scenario thinking, to confirm key data and make the data credible.
The data model is an important analysis method. Calculating through data models with different factors weights can guarantee the outputs objective.
The analyst optimizes the following methods and steps in executing research projects and also forms many special information gathering and processing methods.
1. Analyze the life cycle of the industry to understand the development phase and space.
2. Grasp the key indexes evaluating the market to position clients in the market and formulate development plans
3. Economic, political, social and cultural factors
4. Competitors like a mirror that reflects the overall market and also market differences.
5. Inside and outside the industry, upstream and downstream of the industry chain, show inner competitions
6. Proper estimation of the future is good guidance for strategic planning.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 80 |
| Published | January 2025 |
| Forecast Period | 2025 - 2034 |
| Estimated Market Value ( USD | $ 3 Billion |
| Forecasted Market Value ( USD | $ 3.61 Billion |
| Compound Annual Growth Rate | 2.1% |
| Regions Covered | Vietnam |
| No. of Companies Mentioned | 6 |
