The Philippines solar energy market reached around 2.63 TWh in 2025. The market is projected to grow at a CAGR of 17.90% between 2026 and 2035 to reach nearly 13.65 TWh by 2035.
Base Year
Historical Period
Forecast Period
Rooftop solar power can provide low-cost power to Philippines households at PhP 2.50-5.30, as per the IEEFA.
Nearly 4.5 million households in the Philippines do not have access to electricity.
The solar energy market in the Philippines is expected to attract an investment of $2.8 billion by 2030.
Compound Annual Growth Rate
17.9%
Value in TWh
2026-2035
*this image is indicative*
| Philippines Solar Energy Market Report Summary | Description | Value |
| Base Year | TWh | 2025 |
| Historical Period | TWh | 2019-2025 |
| Forecast Period | TWh | 2026-2035 |
| Market Size 2025 | TWh | 2.63 |
| Market Size 2035 | TWh | 13.65 |
| CAGR 2019-2025 | Percentage | XX% |
| CAGR 2026-2035 | Percentage | 17.90% |
| CAGR 2026-2035 - Market by Solar Module | Monocrystalline | 19.8% |
| CAGR 2026-2035 - Market by Application | Residential | 19.8% |
| 2025 Market Share by Solar Module | Polycrystalline | XX% |
As per the Philippines Department of Energy, renewable energy accounted for 22% of the overall electricity generation in 2021. By 2030, it is expected to account for 35% of the overall energy mix. To achieve the targets laid down in its National Renewable Energy Plan 2020-2040, the government is expected to expand its existing capacity for renewable energy production to 102,231 MW by 2040. Under this strategy, the expansion of solar power generation capacity to 27,162 MW by 2040 is expected to drive its widespread adoption, owing to its rising cost-effectiveness and sustainability.
In 2023, the government of the Philippines raised the minimum Renewable Portfolio standards for energy distribution companies to 2.52%, which is expected to accelerate the shift towards non-fossil fuel-based energy resources. The launch of the Green Energy Options Program in 2021 has given households, industries, and various other end users of power to choose their preferred retail supplier of renewable energy, which is expected to further boost the market growth in the coming years.
Various other government programmes, including the Green Energy Auction Program, and the Renewable Energy market are expected to expedite the shift towards renewable energy, creating a significant potential for the growth of solar power in the region.
Philippines Solar Energy Market Report and Forecast 2026-2035 offers a detailed analysis of the market based on the following segments:
Market Breakup by Technology
Market Breakup by Solar Module
Market Breakup by Application
| CAGR 2026-2035 - Market by | Solar Module |
| Monocrystalline | 19.8% |
| Polycrystalline | 18.4% |
| Thin-Film Solar Modules | XX% |
| Others | XX% |
| CAGR 2026-2035 - Market by | Application |
| Residential | 19.8% |
| Commercial and Industrial | XX% |
| Utility | XX% |
Based on application, the market is segmented into residential, commercial and industrial, and utility. The residential sector is projected to grow at a CAGR of 19.8% during the forecast period of 2026-2035 amid rising energy costs and the rising adoption of renewable energy in homes. Benefits such as cost-savings and low maintenance are further boosting the adoption of solar energy in residential spaces.
Key market players are driving advancements in solar technology and introducing innovative solutions to enhance the accessibility to solar energy.
Upto 15% Off
USD
$2499 $2249
$3999 $3599
$4999 $4249
$5999 $5099
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
The market reached nearly 2.23 TWh in 2025.
The market is projected to grow at a CAGR of 17.90% between 2026 and 2035.
The market is assessed to witness healthy growth in the forecast period to reach around 13.65 TWh in 2035.
The different technologies in the market are solar photovoltaic and conventional solar power.
The different segments based on solar modules considered in the market report include monocrystalline, polycrystalline, and thin-film solar modules, among others.
The different applications of solar energy include residential, commercial and industrial, and utility.
The key market players are SOLAR PHILIPPINES, Solaric Corp., Philergy Inc., GoSolar Philippines, Transnational Uyeno Solar Corporation, and We Gen Energy Philippines, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Technology |
|
| Breakup by Solar Module |
|
| Breakup by Application |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
Datasheet
One User
USD 2,499
USD 2,249
tax inclusive*
Single User License
One User
USD 3,999
USD 3,599
tax inclusive*
Five User License
Five User
USD 4,999
USD 4,249
tax inclusive*
Corporate License
Unlimited Users
USD 5,999
USD 5,099
tax inclusive*
*Please note that the prices mentioned below are starting prices for each bundle type. Kindly contact our team for further details.*
Flash Bundle
Small Business Bundle
Growth Bundle
Enterprise Bundle
*Please note that the prices mentioned below are starting prices for each bundle type. Kindly contact our team for further details.*
Flash Bundle
Number of Reports: 3
20%
tax inclusive*
Small Business Bundle
Number of Reports: 5
25%
tax inclusive*
Growth Bundle
Number of Reports: 8
30%
tax inclusive*
Enterprise Bundle
Number of Reports: 10
35%
tax inclusive*
How To Order
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
Share