The solar photovoltaic (PV) market was volumed at 1657.82 Gigawatt in 2025. The industry is expected to grow at a CAGR of 23.30% during the forecast period of 2026-2035 to attain a volume of 13463.82 Gigawatt by 2035.
Base Year
Historical Period
Forecast Period
Compound Annual Growth Rate
23.3%
Value in Gigawatt
2026-2035
*this image is indicative*
Solar photovoltaic refers to those technologies that convert solar energy into electricity through the photovoltaic effect. A solar photovoltaic system comprises of various solar cells or solar photovoltaic cells that individually convert solar energy. Specialised semiconductors and other materials are used in for the solar photovoltaic cells to effectively convert and generate electricity.
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"Solar Photovoltaic (PV) Market Report and Forecast 2026-2035" offers a detailed analysis of the market based on the following segments:
Breakup by Technology
Breakup by Deployment
Breakup by Connectivity
Breakup by End Use
Breakup by Region
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The ground-mounted segment is expected to gain momentum in the solar photovoltaic (PV) market across the globe. This is on account of the surging number of utility-scale projects and solar energy targets as well as the reducing cost of solar PV installations. Ground-mounted deployments are considered easier to clean and maintain. They also produce higher energy owing to their rise in efficiency, further propelling the market growth across the globe over the coming years.
Geographically, the Asia Pacific region is expected to augment the solar photovoltaic (PV) market share on account of an increase in the installation of solar power projects in India and China.
With increasing government initiatives for green energy in India, the market growth for solar photovoltaic (PV) is likely to boost due to the surging demand for electricity. The major focus of deploying renewable energy across India is to support economic development, along with improving access to energy, mitigating climate change, and boosting energy security. This is further expected to push forward the solar photovoltaic (PV) market growth across the Asia Pacific region.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global solar photovoltaic (PV) market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments and expansion plans.
LONGi Green Energy Technology Co., Ltd. is a leading technology and manufacturing company that deals in solar wafers and cells along with helping accelerate the clean energy transition. The company offers general solutions for renewables as well as solar energy by providing reliable, high-quality systems, and products. It utilises clean energy along with green production practices in its operations whenever possible while generating low-cost clean energy products for the planet.
Jinko Solar Co., Ltd. is one of the most innovative and famous solar technology corporations across the globe. The company’s business includes the essential links of the photovoltaic industry chain, aiming at the research and development of integrated photovoltaic products as well as integrated clean energy solutions.
Trina Solar is primarily involved in the manufacturing as well as sales of PV modules, along with research and development. It offers power station and system products, and sales and development of intelligent microgrids as well as multi-energy systems, PV power generation, and operation, and maintenance services, among others. The company is leading the way in smart solar energy solutions for a net-zero future.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other market players includes JA SOLAR Technology Co.,Ltd., Canadian Solar Inc., Risen Energy Co., Ltd., First Solar Inc., Hanwha Group., Golden Concord Holdings Limited, CHINT Group, Wuxi Suntech Power Co., Ltd., and Adani Group, among others.
India Solar Photovoltaic (PV) Market
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*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.*
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In 2025, the global market for solar photovoltaic (PV)s attained a volume of nearly 1657.82 Gigawatt.
The market is assessed to grow at a CAGR of 23.30% between 2026 and 2035.
The market is estimated to witness healthy growth in the forecast period of 2026-2035 to reach almost 13463.82 Gigawatt by 2035.
The major market drivers are growing populations, increasing number of off-grid areas, and high demands for electricity.
The key trends for the solar photovoltaic (PV) market include rapid technological advancements and increasing demand for renewable electricity
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The various technologies for solar photovoltaics include thin film, multi-Si, and mono-Si, among others.
The various deployments of solar photovoltaics include ground-mounted and rooftop solar.
The various connectivity options in the market include on-grid and off-grid.
The different end-user in the market for solar photovoltaics include residential, commercial, and utility.
The major players in the market are LONGi Green Energy Technology Co., Ltd., Jinko Solar Co., Ltd., Trina Solar, JA SOLAR Technology Co.,Ltd., Canadian Solar Inc., Risen Energy Co., Ltd., First Solar Inc., Hanwha Group., Golden Concord Holdings Limited, CHINT Group, Wuxi Suntech Power Co., Ltd., and Adani Group, 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 Deployment |
|
| Breakup by Connectivity |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
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| Companies Covered |
|
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