+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)
New

Solar Energy Market Report 2025

  • PDF Icon

    Report

  • 200 Pages
  • March 2025
  • Region: Global
  • The Business Research Company
  • ID: 5766774
The solar energy market size has grown exponentially in recent years. It will grow from $169.5 billion in 2024 to $219.35 billion in 2025 at a compound annual growth rate (CAGR) of 29.4%. The growth in the historic period can be attributed to energy security concerns, environmental awareness, government incentives, energy independence, net metering policies, corporate sustainability initiatives.

The solar energy market size is expected to see exponential growth in the next few years. It will grow to $515.3 billion in 2029 at a compound annual growth rate (CAGR) of 23.8%. The growth in the forecast period can be attributed to grid modernization, increasing electricity demand, urbanization and distributed generation, global climate agreements, community solar programs. Major trends in the forecast period include advancements in solar panel technologies, solar tracking systems, digitalization and smart grid integration, floating solar installations, hybrid energy systems.

The increasing governmental initiatives backing renewable energy sources are anticipated to propel the solar energy market's growth. These initiatives encompass subsidies and eased regulations promoting solar energy utilization, leading to widespread installation of solar projects globally. Highlighting such efforts, the Union Budget 2022-2023 earmarked INR 4,500 crores ($0.58 billion) for high-efficiency solar photovoltaic cell module development under the PLI scheme in India. This concerted global push for renewable energy is poised to significantly bolster the adoption and growth of solar energy solutions.

The rising global demand for electricity is anticipated to drive the growth of the solar energy market in the coming years. Electricity, generated from charged particles, can exist either statically or dynamically as a current. As the demand for electricity continues to grow, solar energy is increasingly being utilized as a renewable and sustainable solution. It provides a clean, environmentally friendly alternative that reduces dependence on finite fossil fuels, decreases greenhouse gas emissions, and enhances energy independence. For example, in December 2023, the Energy Information Administration (EIA), a US-based government agency, reported that total U.S. electricity end-use consumption in 2022 was approximately 3.2% higher than in the previous year. Retail electricity sales to the residential sector increased by about 2.6%, while sales to the commercial sector rose by around 4.7% compared to 2021. Therefore, the growing global demand for electricity is a key factor propelling the expansion of the solar energy market.

Key players in the solar energy market are concentrating on developing innovative solutions, such as high-efficiency solar modules, to offer photovoltaic solutions that cater to the global distributed consumer market while improving power generation and aesthetics. High-efficiency solar modules are photovoltaic panels that convert at least 19% of sunlight into usable electricity, leveraging advanced technologies to optimize energy output in constrained spaces. For example, in November 2022, LONGi Green Energy Technology Co. Ltd., a China-based solar company, introduced the Hi-MO 6 solar modules, which boast an impressive efficiency of up to 26.5%. This new product utilizes advanced PERC (passivated emitter rear cell) technology and is aimed at utility-scale solar projects. The Hi-MO 6 modules are designed to significantly lower the levelized cost of energy (LCOE), enhancing the competitiveness of solar energy. Furthermore, these modules feature improved durability, making them suitable for a variety of environmental conditions.

Key players in the solar energy domain are pursuing strategic partnerships as a means to foster growth within the renewable energy sector. Strategic partnerships involve leveraging each other's strengths and resources to achieve mutual benefits. For example, in December 2023, Adani Green Energy Ltd. partnered with TotalEnergies SE to generate 1,050 megawatts of power from solar and wind sources. This alliance aligns with India's decarbonization objectives, leveraging technology to reduce energy costs and facilitate the widespread adoption of affordable, clean energy.

In March 2022, Sonnedix Power Holdings Limited, a UK-based global company focused on solar energy production, acquired Sun Power Energy, a Poland-based developer of solar photovoltaic modules. This acquisition expands Sonnedix's workforce, augments its 1GW development pipeline in Poland, and widens its market presence across Europe, fortifying its standing in the solar energy sector.

Major companies operating in the solar energy market include ReneSola Power Inc., BayWa r.e. AG, Longi Green Energy Technology Co Ltd., Trina Solar Limited, JinkoSolar Holding Co Ltd., JA Solar Holdings Co Ltd., Hanwha Q CELLS Co Ltd., Canadian Solar Inc., Sungrow Power Supply Co Ltd., Tata Power Solar, China Three Gorges New Energy Group Co Ltd., Acciona Energia SA, Risen Energy Co Ltd., Daqo New Energy Corp, First Solar Inc., Xinyi Solar Holdings Limited, Enphase Energy Inc., Sunrun Inc., Astronergy Solar Company Limited, Maxeon Solar Technologies Ltd., Boralex Inc., Shunfeng International Clean Energy Ltd., REC Silicon ASA, Kaneka Corp, Abengoa Solar SA, Wuxi Suntech Power Co Ltd., GCL System Integration Technology Co Ltd., CSIL Inc.

Asia-Pacific was the largest region in the solar energy market in 2024. The regions covered in the solar energy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the solar energy market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Solar energy harnesses renewable power from sunlight, converting it into electricity through photovoltaics or concentrated solar power methods.

The solar energy market comprises several key types, including solar cell panels, solar cell paste, and solar silicon wafers. These solar cells function as panels that harness sunlight and convert it into electricity, applicable across residential and commercial sectors. Photovoltaic systems and concentrated solar power systems represent the technology behind solar energy utilization. Panel variations include mono-crystalline, thin film, and poly-crystalline types, each with its specific attributes. Solar energy finds application in residential and commercial settings, serving various end-users such as electricity generation, lighting, heating, and charging needs.

The solar energy market research report is one of a series of new reports that provides solar energy market statistics, including solar energy industry global market size, regional shares, competitors with a solar energy market share, detailed solar energy market segments, market trends and opportunities, and any further data you may need to thrive in the solar energy industry. This solar energy market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The solar energy market includes revenues earned by entities by providing services such as stand-alone power systems (SAPS), grid-feed solar systems, and grid-connected solar systems with battery storage. The solar energy market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 3-5 business days.

Table of Contents

1. Executive Summary2. Solar Energy Market Characteristics3. Solar Energy Market Trends and Strategies4. Solar Energy Market - Macro Economic Scenario Macro Economic Scenario Including the Impact of Interest Rates, Inflation, Geopolitics and Covid and Recovery on the Market
5. Global Solar Energy Growth Analysis and Strategic Analysis Framework
5.1. Global Solar Energy PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)
5.2. Analysis of End Use Industries
5.3. Global Solar Energy Market Growth Rate Analysis
5.4. Global Solar Energy Historic Market Size and Growth, 2019-2024, Value ($ Billion)
5.5. Global Solar Energy Forecast Market Size and Growth, 2024-2029, 2034F, Value ($ Billion)
5.6. Global Solar Energy Total Addressable Market (TAM)
6. Solar Energy Market Segmentation
6.1. Global Solar Energy Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Solar Cell Panel
  • Solar Cell Paste
  • Solar Silicon Wafer
6.2. Global Solar Energy Market, Segmentation by Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Photovoltaic Systems
  • Concentrated Solar Power Systems
6.3. Global Solar Energy Market, Segmentation by Panel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Mono-Crystalline
  • Thin Film
  • Poly-Crystalline
6.4. Global Solar Energy Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Residential
  • Commercial
6.5. Global Solar Energy Market, Segmentation by End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Electricity Generation
  • Lighting
  • Heating
  • Charging
6.6. Global Solar Energy Market, Sub-Segmentation of Solar Cell Panel, by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Monocrystalline Solar Panels
  • Polycrystalline Solar Panels
  • Thin-Film Solar Panels
  • Bifacial Solar Panels
6.7. Global Solar Energy Market, Sub-Segmentation of Solar Cell Paste, by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Silver Paste
  • Aluminum Paste
  • Conductive Adhesives
6.8. Global Solar Energy Market, Sub-Segmentation of Solar Silicon Wafer, by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Monocrystalline Silicon Wafers
  • Polycrystalline Silicon Wafers
  • Wafer Production Equipment
7. Solar Energy Market Regional and Country Analysis
7.1. Global Solar Energy Market, Split by Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
7.2. Global Solar Energy Market, Split by Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8. Asia-Pacific Solar Energy Market
8.1. Asia-Pacific Solar Energy Market Overview
  • Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Solar Energy Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.3. Asia-Pacific Solar Energy Market, Segmentation by Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.4. Asia-Pacific Solar Energy Market, Segmentation by Panel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
9. China Solar Energy Market
9.1. China Solar Energy Market Overview
9.2. China Solar Energy Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.3. China Solar Energy Market, Segmentation by Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.4. China Solar Energy Market, Segmentation by Panel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
10. India Solar Energy Market
10.1. India Solar Energy Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.2. India Solar Energy Market, Segmentation by Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.3. India Solar Energy Market, Segmentation by Panel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11. Japan Solar Energy Market
11.1. Japan Solar Energy Market Overview
11.2. Japan Solar Energy Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.3. Japan Solar Energy Market, Segmentation by Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.4. Japan Solar Energy Market, Segmentation by Panel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12. Australia Solar Energy Market
12.1. Australia Solar Energy Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.2. Australia Solar Energy Market, Segmentation by Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.3. Australia Solar Energy Market, Segmentation by Panel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13. Indonesia Solar Energy Market
13.1. Indonesia Solar Energy Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.2. Indonesia Solar Energy Market, Segmentation by Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.3. Indonesia Solar Energy Market, Segmentation by Panel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14. South Korea Solar Energy Market
14.1. South Korea Solar Energy Market Overview
14.2. South Korea Solar Energy Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.3. South Korea Solar Energy Market, Segmentation by Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.4. South Korea Solar Energy Market, Segmentation by Panel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15. Western Europe Solar Energy Market
15.1. Western Europe Solar Energy Market Overview
15.2. Western Europe Solar Energy Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.3. Western Europe Solar Energy Market, Segmentation by Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.4. Western Europe Solar Energy Market, Segmentation by Panel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16. UK Solar Energy Market
16.1. UK Solar Energy Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.2. UK Solar Energy Market, Segmentation by Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.3. UK Solar Energy Market, Segmentation by Panel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17. Germany Solar Energy Market
17.1. Germany Solar Energy Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.2. Germany Solar Energy Market, Segmentation by Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.3. Germany Solar Energy Market, Segmentation by Panel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18. France Solar Energy Market
18.1. France Solar Energy Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.2. France Solar Energy Market, Segmentation by Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.3. France Solar Energy Market, Segmentation by Panel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19. Italy Solar Energy Market
19.1. Italy Solar Energy Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.2. Italy Solar Energy Market, Segmentation by Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.3. Italy Solar Energy Market, Segmentation by Panel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20. Spain Solar Energy Market
20.1. Spain Solar Energy Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.2. Spain Solar Energy Market, Segmentation by Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.3. Spain Solar Energy Market, Segmentation by Panel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21. Eastern Europe Solar Energy Market
21.1. Eastern Europe Solar Energy Market Overview
21.2. Eastern Europe Solar Energy Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.3. Eastern Europe Solar Energy Market, Segmentation by Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.4. Eastern Europe Solar Energy Market, Segmentation by Panel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22. Russia Solar Energy Market
22.1. Russia Solar Energy Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.2. Russia Solar Energy Market, Segmentation by Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.3. Russia Solar Energy Market, Segmentation by Panel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23. North America Solar Energy Market
23.1. North America Solar Energy Market Overview
23.2. North America Solar Energy Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.3. North America Solar Energy Market, Segmentation by Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.4. North America Solar Energy Market, Segmentation by Panel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24. USA Solar Energy Market
24.1. USA Solar Energy Market Overview
24.2. USA Solar Energy Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.3. USA Solar Energy Market, Segmentation by Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.4. USA Solar Energy Market, Segmentation by Panel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25. Canada Solar Energy Market
25.1. Canada Solar Energy Market Overview
25.2. Canada Solar Energy Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.3. Canada Solar Energy Market, Segmentation by Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.4. Canada Solar Energy Market, Segmentation by Panel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26. South America Solar Energy Market
26.1. South America Solar Energy Market Overview
26.2. South America Solar Energy Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.3. South America Solar Energy Market, Segmentation by Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.4. South America Solar Energy Market, Segmentation by Panel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27. Brazil Solar Energy Market
27.1. Brazil Solar Energy Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.2. Brazil Solar Energy Market, Segmentation by Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.3. Brazil Solar Energy Market, Segmentation by Panel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28. Middle East Solar Energy Market
28.1. Middle East Solar Energy Market Overview
28.2. Middle East Solar Energy Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.3. Middle East Solar Energy Market, Segmentation by Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.4. Middle East Solar Energy Market, Segmentation by Panel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29. Africa Solar Energy Market
29.1. Africa Solar Energy Market Overview
29.2. Africa Solar Energy Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.3. Africa Solar Energy Market, Segmentation by Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.4. Africa Solar Energy Market, Segmentation by Panel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
30. Solar Energy Market Competitive Landscape and Company Profiles
30.1. Solar Energy Market Competitive Landscape
30.2. Solar Energy Market Company Profiles
30.2.1. ReneSola Power Inc. Overview, Products and Services, Strategy and Financial Analysis
30.2.2. BayWa r.e. AG Overview, Products and Services, Strategy and Financial Analysis
30.2.3. Longi Green Energy Technology Co Ltd. Overview, Products and Services, Strategy and Financial Analysis
30.2.4. Trina Solar Limited Overview, Products and Services, Strategy and Financial Analysis
30.2.5. JinkoSolar Holding Co Ltd. Overview, Products and Services, Strategy and Financial Analysis
31. Solar Energy Market Other Major and Innovative Companies
31.1. JA Solar Holdings Co Ltd.
31.2. Hanwha Q CELLS Co Ltd.
31.3. Canadian Solar Inc.
31.4. Sungrow Power Supply Co Ltd.
31.5. Tata Power Solar
31.6. China Three Gorges New Energy Group Co Ltd.
31.7. Acciona Energia SA
31.8. Risen Energy Co Ltd.
31.9. Daqo New Energy Corp
31.10. First Solar Inc.
31.11. Xinyi Solar Holdings Limited
31.12. Enphase Energy Inc.
31.13. Sunrun Inc.
31.14. Astronergy Solar Company Limited
31.15. Maxeon Solar Technologies Ltd.
32. Global Solar Energy Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Solar Energy Market34. Recent Developments in the Solar Energy Market
35. Solar Energy Market High Potential Countries, Segments and Strategies
35.1 Solar Energy Market in 2029 - Countries Offering Most New Opportunities
35.2 Solar Energy Market in 2029 - Segments Offering Most New Opportunities
35.3 Solar Energy Market in 2029 - Growth Strategies
35.3.1 Market Trend-based Strategies
35.3.2 Competitor Strategies
36. Appendix
36.1. Abbreviations
36.2. Currencies
36.3. Historic and Forecast Inflation Rates
36.4. Research Inquiries
36.5. About the Analyst
36.6. Copyright and Disclaimer

Executive Summary

Solar Energy Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on solar energy market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase:

  • Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
  • Assess the impact of key macro factors such as conflict, pandemic and recovery, inflation and interest rate environment and the 2nd Trump presidency.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.

Description

Where is the largest and fastest growing market for solar energy? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The solar energy market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:
  • The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

1) By Type: Solar Cell Panel; Solar Cell Paste; Solar Silicon Wafer
2) By Technology: Photovoltaic Systems; Concentrated Solar Power Systems
3) By Panel: Mono-Crystalline; Thin Film; Poly-Crystalline
4) By Application: Residential; Commercial
5) By End Use: Electricity Generation; Lighting; Heating; Charging

Subsegments:

1) By Solar Cell Panel: Monocrystalline Solar Panels; Polycrystalline Solar Panels; Thin-Film Solar Panels; Bifacial Solar Panels
2) By Solar Cell Paste: Silver Paste; Aluminum Paste; Conductive Adhesives
3) By Solar Silicon Wafer: Monocrystalline Silicon Wafers; Polycrystalline Silicon Wafers; Wafer Production Equipment

Key Companies Mentioned: ReneSola Power Inc.; BayWa r.e. AG; Longi Green Energy Technology Co Ltd.; Trina Solar Limited; JinkoSolar Holding Co Ltd.

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.

Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery Format: PDF, Word and Excel Data Dashboard.

Companies Mentioned

  • ReneSola Power Inc.
  • BayWa r.e. AG
  • Longi Green Energy Technology Co Ltd.
  • Trina Solar Limited
  • JinkoSolar Holding Co Ltd.
  • JA Solar Holdings Co Ltd.
  • Hanwha Q CELLS Co Ltd.
  • Canadian Solar Inc.
  • Sungrow Power Supply Co Ltd.
  • Tata Power Solar
  • China Three Gorges New Energy Group Co Ltd.
  • Acciona Energia SA
  • Risen Energy Co Ltd.
  • Daqo New Energy Corp
  • First Solar Inc.
  • Xinyi Solar Holdings Limited
  • Enphase Energy Inc.
  • Sunrun Inc.
  • Astronergy Solar Company Limited
  • Maxeon Solar Technologies Ltd.
  • Boralex Inc.
  • Shunfeng International Clean Energy Ltd.
  • REC Silicon ASA
  • Kaneka Corp
  • Abengoa Solar SA
  • Wuxi Suntech Power Co Ltd.
  • GCL System Integration Technology Co Ltd.
  • CSIL Inc.

Table Information