Vietnam polycrystalline solar panel prices

How big is the Vietnam solar panel market?

The Vietnam solar panel market size reached 1.2 Gigawatt in 2024. Looking forward, IMARC Group expects the market to reach 2.4 Gigawatt by 2033, exhibiting a growth rate (CAGR) of 7.87% during 2025-2033.

Are polycrystalline solar panels still popular?

That said, however, polycrystalline solar panels have the main advantage of a lower price point. That is why they are still popular in the solar industry as of right now. As the name suggests, a transparent solar panel is a solar panel that is either partially or completely transparent.

Why are solar panels gaining popularity in Vietnam?

Public pressure to cut emissions and improve air quality is pushing the adoption of solar panels Vietnam across factories, malls, and homes. Large exporters want cleaner electricity to meet buyer requirements and ESG reporting, so rooftop systems are spreading in industrial parks.

How much solar power does Vietnam have?

Statistics released in late 2020 reveal that Vietnam’s solar capacity stood at over 7.4 Gigawatts. This is positively surprising considering that the country’s solar capacity was only 4 megawatts in 2015. The figure below will help paint a clear picture of Vietnam’s exponential growth in matters concerning solar energy;