Solar Photovoltaic Market – By Type , By Material , By Grid Connectivity , By Installation , By Application and By Geography- Opportunity Analysis & Industry Forecast, 2025-2031

Report Code: EPR 12409 Report Format: PDF + Excel

Solar Photovoltaic Market Overview:

The Solar Photovoltaic Market size is estimated to reach $1,566 Billion by 2031, growing at a CAGR of 22.0% during the forecast period 2025-2031. The Solar Photovoltaic market is booming due to the rising demand for clean energy and sustainability driven by global efforts to reduce carbon emissions. Energy independence is another factor as it allows individuals and businesses to generate their own power. Additionally, technological advancements are enhancing efficiency and reliability making solar energy more appealing and the government support and initiatives further drive growth in the market.

A major trend in the market is the use of solar trackers. Solar trackers are rapidly gaining popularity in the renewable energy sector by offering a significant boost in efficiency for solar power systems as they automatically adjusting the angle of solar panels to follow the sun’s movement throughout the day. Another trend in the market is bifacial solar panels. Bifacial solar panels capture sunlight from both sides are gaining popularity due to their ability to generate up to 30% more energy, as per Renogy. In October 2024, Credence Solar Panels launched latest offering in TOPCons bifacial solar modules in 725W.

Solar Photovoltaic Market - Report Coverage:

The “Solar Photovoltaic Market Report - Forecast (2025-2031)” by IndustryARC, covers an in-depth analysis of the following segments in the Solar Photovoltaic Market.

Attribute Segment

By Type
  • Thin film
  • Crystalline

By Material
  • Silicon based
  • Perovskite
  • Organic Photovoltaic
  • Others

By Grid Connectivity
  • On Grid ¨
  • Off Grid

By Installation
  • Ground mounted
  • Rooftop
  • Floating Solar

By Application
  • Residential
  • Commercial
  • Utilities
  • Others

By Geography

  • North America (U.S, Canada and Mexico)
  • Europe (Germany, France, UK, Spain, Italy, Netherlands and Rest of Europe)
  • Asia-Pacific (China, Japan, India, South Korea, Australia, New Zealand, Vietnam, Indonesia and Rest of Asia-Pacific)
  • South America (Brazil, Argentina, Colombia, Chile and Rest of South America)
  • Rest of the World (Middle East and Africa)

Key Takeaways:

APAC Leads the Market

APAC occupied the largest share in the market in 2024 driven by the region's growing solar energy capacity, high installation and government initiatives that promote the use of solar energy. China alone accounts for a significant share of global solar installations, benefiting from a strong manufacturing ecosystem and favorable policies, such as feed-in tariffs and subsidies. According to China’s National Energy Administration, in 2024 the country’s installed 277.17 GW of solar capacity in 2024, a yoy increase of 27.79% from 2023. India is rapidly scaling its renewable energy capacity, aiming for 500 GW of non-fossil fuel energy by 2030 with solar playing a crucial role. Japan has also embraced solar energy as part of its transition from nuclear power further boosting APAC’s dominance.

Crystalline is the Largest Segment

Crystalline is the largest segment in the Solar Photovoltaic market. Crystalline PV technology which includes both monocrystalline and polycrystalline variants accounts for the majority of global solar installations. Monocrystalline panels offer higher efficiency and durability, making them the preferred choice for residential, commercial and utility-scale projects. In June 2023, Wuxi Shangji Automation Co Ltd. announced that it would build a solar module factory in Jiangyin, China. The Wuxi-based monocrystalline silicon products manufacturer will invest $726 million in the new facility which will have an initial annual production capacity of 16 GW. On the other hand, polycrystalline panels provide a cost-effective alternative driving widespread adoption. The rapid expansion of solar farms and rooftop solar installations continues to propel demand for crystalline silicon panels. 

On Grid is the Largest Segment 

On Grid holds the largest market share due to their widespread adoption in residential, commercial and utility-scale applications. These systems are directly connected to the power grid and allow users to generate electricity while drawing additional power when needed. They also enable net metering where excess energy is fed back into the grid, thus reducing electricity costs for consumers. Governments worldwide are encouraging on-grid solar adoption through incentives, subsidies and renewable energy mandates, further driving market growth. In September 2024, UAE's energy ministry collaborated with Etihad Water and Electricity (EtihadWE) to install residential solar panels in the Northern Emirates with the aim of enhancing renewable energy use. EtihadWE customers can install rooftop PV systems to generate power and feed it back into the grid, thus increasing the renewable energy supply.

Growing Solar Installations Drives the Market

The global transition towards renewable energy is accelerating solar PV installations, driving substantial market growth. According to Renewables, Hydrogen and Energy Storage Insights report by Dii Desert Energy, the Middle East and North African Region has an installed solar power capacity of 22.2 GW of which 5 GW is in the UAE. Saudi Arabia has the largest number of under construction projects with multiple gig ascale initiatives such as the 2,030 MW Al Shuaiba 2. Countries worldwide are increasing solar energy adoption to reduce dependence on fossil fuels and meet carbon neutrality goals. Declining costs of solar panels, improvements in efficiency and advancements in energy storage solutions are making solar more accessible. Large-scale solar projects, rooftop installations and community solar programs are expanding rapidly and contributing to the industry's momentum.

Solar Photovoltaic Market

For more details on this report - Request for Sample

Key Market Players: 

Product/Service launches, approvals, patents and events, acquisitions, partnerships, and collaborations are key strategies adopted by players in the Solar Photovoltaic Market. The top 10 companies in this industry are listed below:

  1. Canadian Solar Inc
  2. First Solar Inc
  3. LONGi Green Energy Technology Co. Ltd.
  4. Jinko Solar Holding Company Ltd
  5. Shanghai AIKO Energy Co. Ltd.
  6.  JA Solar Technology Co. Ltd.
  7. Tongwei Solar Co. Ltd.
  8. Wuxi Suntech Power Co., Ltd.
  9. Trina Solar Ltd
  10. Yingli Green Energy Holding Co. Ltd.

Scope of the Report

Report Metric Details

Base Year Considered

2024

Forecast Period

2025–2031

CAGR

22.0%

Market Size in 2031

$1,566 Billion

Segments Covered

By Type, By Material, By Grid Connectivity, By Installation, By Application and By Geography

 

Geographies Covered

North America (U.S, Canada and Mexico), Europe (Germany, France, UK, Spain, Italy, Netherlands and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, New Zealand, Vietnam, Indonesia and Rest of Asia-Pacific), South America (Brazil, Argentina, Colombia, Chile and Rest of South America) and Rest of the World (Middle East and Africa)

Key Market Players
  1. Canadian Solar Inc
  2. First Solar Inc
  3. LONGi Green Energy Technology Co. Ltd.
  4. Jinko Solar Holding Company Ltd
  5. Shanghai AIKO Energy Co. Ltd.
  6. JA Solar Technology Co. Ltd.
  7. Tongwei Solar Co. Ltd.
  8. Wuxi Suntech Power Co., Ltd.
  9. Trina Solar Ltd
  10. Yingli Green Energy Holding Co. Ltd

 

For more Energy and Power Market reports, please click here

  1. Solar Photovoltaic Market- Market Overview
          1.1 Definitions and Scope
  2. Solar Photovoltaic Market - Executive Summary
          2.1 Key Trends by Type
          2.2 Key Trends by Material
          2.3 Key trends by Grid Connectivity
          2.4 Key Trends by Installation
          2.5 Key Trends by Application
          2.6 Key Trends by Geography
  3. Solar Photovoltaic Market – Comparative analysis
          3.1 Market Share Analysis- Major Companies
          3.2 Product Benchmarking- Major Companies
          3.3 Top 5 Financials Analysis
          3.4 Patent Analysis- Major Companies
          3.5 Pricing Analysis (ASPs will be provided)
  4. Solar Photovoltaic Market - Startup Companies Scenario 
          4.1 Major startup company analysis:
                    4.1.1 Investment
                    4.1.2 Revenue
                    4.1.3 Product portfolio
                    4.1.4 Venture Capital and Funding Scenario
  5. Solar Photovoltaic Market – Industry Market Entry Scenario Premium 
          5.1 Regulatory Framework Overview
          5.2 New Business and Ease of Doing Business Index
          5.3 Successful Venture Profiles
          5.4 Customer Analysis – Major companies
  6. Solar Photovoltaic Market - Market Forces
          6.1 Market Drivers
          6.2 Market Constraints
          6.3 Porters Five Force Model
                    6.3.1 Bargaining Power of Suppliers
                    6.3.2 Bargaining Powers of Buyers
                    6.3.3 Threat of New Entrants
                    6.3.4 Competitive Rivalry
                    6.3.5 Threat of Substitutes
  7. Solar Photovoltaic Market – Strategic Analysis
          7.1 Value/Supply Chain Analysis
          7.2 Opportunity Analysis
          7.3 Product/Market Life Cycle
          7.4 Distributor Analysis – Major Companies
  8. Solar Photovoltaic Market – By Type (Market Size -US$ Million/Billion)
      8.1 Thin Film
         8.2 Crystalline
                  8.2.1 Monocrystalline
                  8.2.2 Polycrystalline
  9. Solar Photovoltaic Market – By Material (Market Size -US$ Million/Billion)
           9.1 Silicon Based
           9.2 Perovskite
          9.3 Organic Photovoltaics 
          9.4 Others
  10. Solar Photovoltaic Market– By Grid Connectivity (Market Size - US$ Million/Billion)
              10.1 On Grid
              10.2 Off Grid
  11. Solar Photovoltaic Market – By Installation Type (Market Size - US$ Million/Billion)
         11.1 Ground Mounted 
         11.2 Rooftop
         11.3 Floating Solar PV
  12. Solar Photovoltaic Market – By Application (Market Size - US$ Million/Billion)
         12.1 Residential
         12.2 Commercial 
         12.3 Utilities
         12.4 Others
  13. Solar Photovoltaic Market - By Geography (Market Size -US$ Million/Billion)
          13.1 North America
                    13.1.1 USA
                    13.1.2 Canada
                    13.1.3 Mexico
          13.2 Europe
                    13.2.1 UK
                    13.2.2 Germany
                    13.2.3 France
                    13.2.4 Italy
                    13.2.5 Spain
                    13.2.6 Netherlands
                    13.2.7 Rest of Europe
          13.3 Asia-Pacific
                    13.3.1 China
                    13.3.2 Japan
                    13.3.3 India
                    13.3.4 South Korea
                    13.3.5 Australia
                    13.3.6 New Zealand
                    13.3.7 Vietnam
                    13.3.8 Indonesia
                    13.3.9 Rest of APAC
          13.4 South America
                    13.4.1 Brazil
                    13.4.2 Argentina
                    13.4.3 Colombia
                    13.4.4 Chile
                    13.4.5 Rest of South America
          13.5 Rest of the World
                    13.5.1 Middle East
                    13.5.2 Africa
  14. Solar Photovoltaic Market – Entropy
          14.1 New Product Launches
          14.2 M&As, Collaborations, JVs and Partnerships
  15. Solar Photovoltaic Market – Industry/Segment Competition Landscape 
          15.1 Company Benchmarking Matrix – Major Companies
          15.2 Market Share at Global Level – Major companies
          15.3 Market Share by Key Region – Major companies
          15.4 Market Share by Key Country – Major companies
          15.5 Market Share by Key Application – Major companies
  16. Solar Photovoltaic Market – Key Company List by Country Premium 
  17. Solar Photovoltaic Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
          17.1 Canadian Solar Inc
          17.2 First Solar Inc
          17.3 LONGi Green Energy Technology Co. Ltd.
         17.4 Jinko Solar Holding Company Ltd
         17.5 Shanghai AIKO Energy Co. Ltd.
         17.6 JA Solar Technology Co. Ltd.
         17.7 Tongwei Solar Co. Ltd.
         17.8 Wuxi Suntech Power Co., Ltd.
         17.9 Trina Solar Ltd
         17.10 Yingli Green Energy Holding Co. Ltd
  
“Financials to the Private Companies would be provided on best-effort basis.”
 
  Connect with our experts to get customized reports that best suit your requirements. Our reports include global-level data, niche markets and competitive landscape.
   

LIST OF TABLES

1.Global GLOBAL SOLAR PHOTOVOLTAIC INSTALLATIONS MARKET, BY TECHNOLOGY Market 2023-2030 ($M)
1.1 INTRODUCTION Market 2023-2030 ($M) - Global Industry Research
1.2 THIN FILM Market 2023-2030 ($M) - Global Industry Research
1.3 CRYSTALLINE Market 2023-2030 ($M) - Global Industry Research
1.3.1 Monocrystalline Market 2023-2030 ($M)
1.3.2 Microcrystalline Market 2023-2030 ($M)
2.Global GLOBAL SOLAR PHOTOVOLTAIC INSTALLATIONS MARKET, BY GRID TYPE Market 2023-2030 ($M)
2.1 INTRODUCTION Market 2023-2030 ($M) - Global Industry Research
2.2 GRID CONNECTED Market 2023-2030 ($M) - Global Industry Research
2.2.1 Centralized Market 2023-2030 ($M)
2.2.2 Decentralized Market 2023-2030 ($M)
2.3 OFF GRID Market 2023-2030 ($M) - Global Industry Research
3.Global GLOBAL SOLAR PHOTOVOLTAIC INSTALLATIONS MARKET, BY END-USE Market 2023-2030 ($M)
3.1 INTRODUCTION Market 2023-2030 ($M) - Global Industry Research
3.2 RESIDENTIAL Market 2023-2030 ($M) - Global Industry Research
3.3 COMMERCIAL Market 2023-2030 ($M) - Global Industry Research
3.4 UTILITY SCALE Market 2023-2030 ($M) - Global Industry Research
4.Global GLOBAL SOLAR PHOTOVOLTAIC INSTALLATIONS MARKET, BY TECHNOLOGY Market 2023-2030 (Volume/Units)
4.1 INTRODUCTION Market 2023-2030 (Volume/Units) - Global Industry Research
4.2 THIN FILM Market 2023-2030 (Volume/Units) - Global Industry Research
4.3 CRYSTALLINE Market 2023-2030 (Volume/Units) - Global Industry Research
4.3.1 Monocrystalline Market 2023-2030 (Volume/Units)
4.3.2 Microcrystalline Market 2023-2030 (Volume/Units)
5.Global GLOBAL SOLAR PHOTOVOLTAIC INSTALLATIONS MARKET, BY GRID TYPE Market 2023-2030 (Volume/Units)
5.1 INTRODUCTION Market 2023-2030 (Volume/Units) - Global Industry Research
5.2 GRID CONNECTED Market 2023-2030 (Volume/Units) - Global Industry Research
5.2.1 Centralized Market 2023-2030 (Volume/Units)
5.2.2 Decentralized Market 2023-2030 (Volume/Units)
5.3 OFF GRID Market 2023-2030 (Volume/Units) - Global Industry Research
6.Global GLOBAL SOLAR PHOTOVOLTAIC INSTALLATIONS MARKET, BY END-USE Market 2023-2030 (Volume/Units)
6.1 INTRODUCTION Market 2023-2030 (Volume/Units) - Global Industry Research
6.2 RESIDENTIAL Market 2023-2030 (Volume/Units) - Global Industry Research
6.3 COMMERCIAL Market 2023-2030 (Volume/Units) - Global Industry Research
6.4 UTILITY SCALE Market 2023-2030 (Volume/Units) - Global Industry Research
7.North America GLOBAL SOLAR PHOTOVOLTAIC INSTALLATIONS MARKET, BY TECHNOLOGY Market 2023-2030 ($M)
7.1 INTRODUCTION Market 2023-2030 ($M) - Regional Industry Research
7.2 THIN FILM Market 2023-2030 ($M) - Regional Industry Research
7.3 CRYSTALLINE Market 2023-2030 ($M) - Regional Industry Research
7.3.1 Monocrystalline Market 2023-2030 ($M)
7.3.2 Microcrystalline Market 2023-2030 ($M)
8.North America GLOBAL SOLAR PHOTOVOLTAIC INSTALLATIONS MARKET, BY GRID TYPE Market 2023-2030 ($M)
8.1 INTRODUCTION Market 2023-2030 ($M) - Regional Industry Research
8.2 GRID CONNECTED Market 2023-2030 ($M) - Regional Industry Research
8.2.1 Centralized Market 2023-2030 ($M)
8.2.2 Decentralized Market 2023-2030 ($M)
8.3 OFF GRID Market 2023-2030 ($M) - Regional Industry Research
9.North America GLOBAL SOLAR PHOTOVOLTAIC INSTALLATIONS MARKET, BY END-USE Market 2023-2030 ($M)
9.1 INTRODUCTION Market 2023-2030 ($M) - Regional Industry Research
9.2 RESIDENTIAL Market 2023-2030 ($M) - Regional Industry Research
9.3 COMMERCIAL Market 2023-2030 ($M) - Regional Industry Research
9.4 UTILITY SCALE Market 2023-2030 ($M) - Regional Industry Research
10.South America GLOBAL SOLAR PHOTOVOLTAIC INSTALLATIONS MARKET, BY TECHNOLOGY Market 2023-2030 ($M)
10.1 INTRODUCTION Market 2023-2030 ($M) - Regional Industry Research
10.2 THIN FILM Market 2023-2030 ($M) - Regional Industry Research
10.3 CRYSTALLINE Market 2023-2030 ($M) - Regional Industry Research
10.3.1 Monocrystalline Market 2023-2030 ($M)
10.3.2 Microcrystalline Market 2023-2030 ($M)
11.South America GLOBAL SOLAR PHOTOVOLTAIC INSTALLATIONS MARKET, BY GRID TYPE Market 2023-2030 ($M)
11.1 INTRODUCTION Market 2023-2030 ($M) - Regional Industry Research
11.2 GRID CONNECTED Market 2023-2030 ($M) - Regional Industry Research
11.2.1 Centralized Market 2023-2030 ($M)
11.2.2 Decentralized Market 2023-2030 ($M)
11.3 OFF GRID Market 2023-2030 ($M) - Regional Industry Research
12.South America GLOBAL SOLAR PHOTOVOLTAIC INSTALLATIONS MARKET, BY END-USE Market 2023-2030 ($M)
12.1 INTRODUCTION Market 2023-2030 ($M) - Regional Industry Research
12.2 RESIDENTIAL Market 2023-2030 ($M) - Regional Industry Research
12.3 COMMERCIAL Market 2023-2030 ($M) - Regional Industry Research
12.4 UTILITY SCALE Market 2023-2030 ($M) - Regional Industry Research
13.Europe GLOBAL SOLAR PHOTOVOLTAIC INSTALLATIONS MARKET, BY TECHNOLOGY Market 2023-2030 ($M)
13.1 INTRODUCTION Market 2023-2030 ($M) - Regional Industry Research
13.2 THIN FILM Market 2023-2030 ($M) - Regional Industry Research
13.3 CRYSTALLINE Market 2023-2030 ($M) - Regional Industry Research
13.3.1 Monocrystalline Market 2023-2030 ($M)
13.3.2 Microcrystalline Market 2023-2030 ($M)
14.Europe GLOBAL SOLAR PHOTOVOLTAIC INSTALLATIONS MARKET, BY GRID TYPE Market 2023-2030 ($M)
14.1 INTRODUCTION Market 2023-2030 ($M) - Regional Industry Research
14.2 GRID CONNECTED Market 2023-2030 ($M) - Regional Industry Research
14.2.1 Centralized Market 2023-2030 ($M)
14.2.2 Decentralized Market 2023-2030 ($M)
14.3 OFF GRID Market 2023-2030 ($M) - Regional Industry Research
15.Europe GLOBAL SOLAR PHOTOVOLTAIC INSTALLATIONS MARKET, BY END-USE Market 2023-2030 ($M)
15.1 INTRODUCTION Market 2023-2030 ($M) - Regional Industry Research
15.2 RESIDENTIAL Market 2023-2030 ($M) - Regional Industry Research
15.3 COMMERCIAL Market 2023-2030 ($M) - Regional Industry Research
15.4 UTILITY SCALE Market 2023-2030 ($M) - Regional Industry Research
16.APAC GLOBAL SOLAR PHOTOVOLTAIC INSTALLATIONS MARKET, BY TECHNOLOGY Market 2023-2030 ($M)
16.1 INTRODUCTION Market 2023-2030 ($M) - Regional Industry Research
16.2 THIN FILM Market 2023-2030 ($M) - Regional Industry Research
16.3 CRYSTALLINE Market 2023-2030 ($M) - Regional Industry Research
16.3.1 Monocrystalline Market 2023-2030 ($M)
16.3.2 Microcrystalline Market 2023-2030 ($M)
17.APAC GLOBAL SOLAR PHOTOVOLTAIC INSTALLATIONS MARKET, BY GRID TYPE Market 2023-2030 ($M)
17.1 INTRODUCTION Market 2023-2030 ($M) - Regional Industry Research
17.2 GRID CONNECTED Market 2023-2030 ($M) - Regional Industry Research
17.2.1 Centralized Market 2023-2030 ($M)
17.2.2 Decentralized Market 2023-2030 ($M)
17.3 OFF GRID Market 2023-2030 ($M) - Regional Industry Research
18.APAC GLOBAL SOLAR PHOTOVOLTAIC INSTALLATIONS MARKET, BY END-USE Market 2023-2030 ($M)
18.1 INTRODUCTION Market 2023-2030 ($M) - Regional Industry Research
18.2 RESIDENTIAL Market 2023-2030 ($M) - Regional Industry Research
18.3 COMMERCIAL Market 2023-2030 ($M) - Regional Industry Research
18.4 UTILITY SCALE Market 2023-2030 ($M) - Regional Industry Research
19.MENA GLOBAL SOLAR PHOTOVOLTAIC INSTALLATIONS MARKET, BY TECHNOLOGY Market 2023-2030 ($M)
19.1 INTRODUCTION Market 2023-2030 ($M) - Regional Industry Research
19.2 THIN FILM Market 2023-2030 ($M) - Regional Industry Research
19.3 CRYSTALLINE Market 2023-2030 ($M) - Regional Industry Research
19.3.1 Monocrystalline Market 2023-2030 ($M)
19.3.2 Microcrystalline Market 2023-2030 ($M)
20.MENA GLOBAL SOLAR PHOTOVOLTAIC INSTALLATIONS MARKET, BY GRID TYPE Market 2023-2030 ($M)
20.1 INTRODUCTION Market 2023-2030 ($M) - Regional Industry Research
20.2 GRID CONNECTED Market 2023-2030 ($M) - Regional Industry Research
20.2.1 Centralized Market 2023-2030 ($M)
20.2.2 Decentralized Market 2023-2030 ($M)
20.3 OFF GRID Market 2023-2030 ($M) - Regional Industry Research
21.MENA GLOBAL SOLAR PHOTOVOLTAIC INSTALLATIONS MARKET, BY END-USE Market 2023-2030 ($M)
21.1 INTRODUCTION Market 2023-2030 ($M) - Regional Industry Research
21.2 RESIDENTIAL Market 2023-2030 ($M) - Regional Industry Research
21.3 COMMERCIAL Market 2023-2030 ($M) - Regional Industry Research
21.4 UTILITY SCALE Market 2023-2030 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Solar Photovoltaic Market Revenue, 2023-2030 ($M)
2.Canada Solar Photovoltaic Market Revenue, 2023-2030 ($M)
3.Mexico Solar Photovoltaic Market Revenue, 2023-2030 ($M)
4.Brazil Solar Photovoltaic Market Revenue, 2023-2030 ($M)
5.Argentina Solar Photovoltaic Market Revenue, 2023-2030 ($M)
6.Peru Solar Photovoltaic Market Revenue, 2023-2030 ($M)
7.Colombia Solar Photovoltaic Market Revenue, 2023-2030 ($M)
8.Chile Solar Photovoltaic Market Revenue, 2023-2030 ($M)
9.Rest of South America Solar Photovoltaic Market Revenue, 2023-2030 ($M)
10.UK Solar Photovoltaic Market Revenue, 2023-2030 ($M)
11.Germany Solar Photovoltaic Market Revenue, 2023-2030 ($M)
12.France Solar Photovoltaic Market Revenue, 2023-2030 ($M)
13.Italy Solar Photovoltaic Market Revenue, 2023-2030 ($M)
14.Spain Solar Photovoltaic Market Revenue, 2023-2030 ($M)
15.Rest of Europe Solar Photovoltaic Market Revenue, 2023-2030 ($M)
16.China Solar Photovoltaic Market Revenue, 2023-2030 ($M)
17.India Solar Photovoltaic Market Revenue, 2023-2030 ($M)
18.Japan Solar Photovoltaic Market Revenue, 2023-2030 ($M)
19.South Korea Solar Photovoltaic Market Revenue, 2023-2030 ($M)
20.South Africa Solar Photovoltaic Market Revenue, 2023-2030 ($M)
21.North America Solar Photovoltaic By Application
22.South America Solar Photovoltaic By Application
23.Europe Solar Photovoltaic By Application
24.APAC Solar Photovoltaic By Application
25.MENA Solar Photovoltaic By Application
26.JA SOLAR, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.SUN POWER CORPORATION, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.FIRST SOLAR INC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.YINGLI GREEN ENERGY HOLDING CO. LTD, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.CANADIAN SOLAR INC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.RENESOLA, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.MITSUBISHI ELECTRIC CORPORATION, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.SOLAR WORLD AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.JINKO SOLAR HOLDING COMPANY LTD, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.TRINA SOLAR LTD, Sales /Revenue, 2015-2018 ($Mn/$Bn)

The Solar Photovoltaic Market is projected to grow at 22.0% CAGR during the forecast period 2025-2031.

The Solar Photovoltaic Market size is estimated to be $390 billion in 2024 and is projected to reach $1,566 Billion by 2031

The leading players in the Solar Photovoltaic Market are Canadian Solar Inc., First Solar Inc., LONGi Green Energy Technology Co. Ltd., Jinko Solar Holding Company Ltd, Shanghai AIKO Energy Co. Ltd. and Others.

Use of solar trackers and bifacial solar panels are some of the major Solar Photovoltaic Market trends in the industry which will create growth opportunities for the market during the forecast period.

The growing solar installations, government policies and incentives and rising need for adoption of renewable energy are the driving factors of the market.