| Product Code: ETC6902460 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The import shipments of polycrystalline solar cells to Cyprus in 2024 continued to show a high level of concentration, with top exporting countries being Italy, Greece, UK, Germany, and Czechia. The industry experienced significant growth, with a remarkable Compound Annual Growth Rate (CAGR) of 94.72% from 2020 to 2024. The growth momentum remained strong in 2024, with a notable growth rate of 112.71% compared to the previous year. This data underscores the increasing importance of solar energy in Cyprus and the substantial role these importing countries play in meeting the demand for solar technology in the region.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Cyprus Polycrystalline Solar Cell (Multi Si) Market Overview |
3.1 Cyprus Country Macro Economic Indicators |
3.2 Cyprus Polycrystalline Solar Cell (Multi Si) Market Revenues & Volume, 2021 & 2031F |
3.3 Cyprus Polycrystalline Solar Cell (Multi Si) Market - Industry Life Cycle |
3.4 Cyprus Polycrystalline Solar Cell (Multi Si) Market - Porter's Five Forces |
3.5 Cyprus Polycrystalline Solar Cell (Multi Si) Market Revenues & Volume Share, By Grid Type, 2021 & 2031F |
3.6 Cyprus Polycrystalline Solar Cell (Multi Si) Market Revenues & Volume Share, By Installation, 2021 & 2031F |
3.7 Cyprus Polycrystalline Solar Cell (Multi Si) Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.8 Cyprus Polycrystalline Solar Cell (Multi Si) Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Cyprus Polycrystalline Solar Cell (Multi Si) Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing government incentives and subsidies for solar energy adoption in Cyprus |
4.2.2 Growing awareness and demand for renewable energy sources |
4.2.3 Technological advancements leading to increased efficiency and cost-effectiveness of polycrystalline solar cells |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with setting up solar energy systems |
4.3.2 Dependence on sunlight availability for optimal energy generation |
4.3.3 Competition from other renewable energy sources such as wind and hydro power |
5 Cyprus Polycrystalline Solar Cell (Multi Si) Market Trends |
6 Cyprus Polycrystalline Solar Cell (Multi Si) Market, By Types |
6.1 Cyprus Polycrystalline Solar Cell (Multi Si) Market, By Grid Type |
6.1.1 Overview and Analysis |
6.1.2 Cyprus Polycrystalline Solar Cell (Multi Si) Market Revenues & Volume, By Grid Type, 2021- 2031F |
6.1.3 Cyprus Polycrystalline Solar Cell (Multi Si) Market Revenues & Volume, By Grid Connected, 2021- 2031F |
6.1.4 Cyprus Polycrystalline Solar Cell (Multi Si) Market Revenues & Volume, By Off-Grid, 2021- 2031F |
6.2 Cyprus Polycrystalline Solar Cell (Multi Si) Market, By Installation |
6.2.1 Overview and Analysis |
6.2.2 Cyprus Polycrystalline Solar Cell (Multi Si) Market Revenues & Volume, By Ground-Mount, 2021- 2031F |
6.2.3 Cyprus Polycrystalline Solar Cell (Multi Si) Market Revenues & Volume, By Rooftop Solar PV, 2021- 2031F |
6.3 Cyprus Polycrystalline Solar Cell (Multi Si) Market, By Technology |
6.3.1 Overview and Analysis |
6.3.2 Cyprus Polycrystalline Solar Cell (Multi Si) Market Revenues & Volume, By Crystalline Silicon Cells, 2021- 2031F |
6.3.3 Cyprus Polycrystalline Solar Cell (Multi Si) Market Revenues & Volume, By Thin Film Cells, 2021- 2031F |
6.3.4 Cyprus Polycrystalline Solar Cell (Multi Si) Market Revenues & Volume, By Ultra-Thin Film Cells, 2021- 2031F |
6.4 Cyprus Polycrystalline Solar Cell (Multi Si) Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Cyprus Polycrystalline Solar Cell (Multi Si) Market Revenues & Volume, By Residential, 2021- 2031F |
6.4.3 Cyprus Polycrystalline Solar Cell (Multi Si) Market Revenues & Volume, By Commercial, 2021- 2031F |
6.4.4 Cyprus Polycrystalline Solar Cell (Multi Si) Market Revenues & Volume, By Industrial, 2021- 2031F |
6.4.5 Cyprus Polycrystalline Solar Cell (Multi Si) Market Revenues & Volume, By Power Utilities, 2021- 2031F |
7 Cyprus Polycrystalline Solar Cell (Multi Si) Market Import-Export Trade Statistics |
7.1 Cyprus Polycrystalline Solar Cell (Multi Si) Market Export to Major Countries |
7.2 Cyprus Polycrystalline Solar Cell (Multi Si) Market Imports from Major Countries |
8 Cyprus Polycrystalline Solar Cell (Multi Si) Market Key Performance Indicators |
8.1 Average cost per watt of polycrystalline solar cells in Cyprus |
8.2 Number of new solar installations in Cyprus |
8.3 Efficiency improvement rate of polycrystalline solar cell technology |
8.4 Percentage of electricity generated from solar energy sources in Cyprus |
8.5 Number of research and development initiatives focused on enhancing polycrystalline solar cells. |
9 Cyprus Polycrystalline Solar Cell (Multi Si) Market - Opportunity Assessment |
9.1 Cyprus Polycrystalline Solar Cell (Multi Si) Market Opportunity Assessment, By Grid Type, 2021 & 2031F |
9.2 Cyprus Polycrystalline Solar Cell (Multi Si) Market Opportunity Assessment, By Installation, 2021 & 2031F |
9.3 Cyprus Polycrystalline Solar Cell (Multi Si) Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.4 Cyprus Polycrystalline Solar Cell (Multi Si) Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Cyprus Polycrystalline Solar Cell (Multi Si) Market - Competitive Landscape |
10.1 Cyprus Polycrystalline Solar Cell (Multi Si) Market Revenue Share, By Companies, 2024 |
10.2 Cyprus Polycrystalline Solar Cell (Multi Si) Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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